Simple Trade Cryptos Review
Table Of Contents
| 🌐 Website | simpletradecryptos.com |
| 🏠 Company | Simple Trade Cryptos |
| 📌 Address | N/A |
| ☎️ Phone | +2333444555 |
| support@simpletradecryptos.com | |
| ⚖️ Regulation | Unregulated, Blacklisted |
Simple Trade Cryptos Warnings
Simple Trade Cryptos Details
Simple Trade Cryptos is an online trading broker owned by Simple Trade Cryptos. The company is located at N/A.
To contact Simple Trade Cryptos, their support team can be reached via phone at +2333444555 or by email at support@simpletradecryptos.com.
Their website can be found at : simpletradecryptos.com
It is essential to exercise caution and conduct deep research before engaging with any online trading platform, including Simple Trade Cryptos.
To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: StockScale and GCX (hgcxy.com).
Is Simple Trade Cryptos Legit or a Scam?
When researching an online broker, the first and most important step should always be to find out if they have a regulatory license from a financial institution. This will tell you whether they are regulated by a central authority or if you are dealing with an offshore and/or unregulated investment company.
Unfortunately, Simple Trade Cryptos is not regulated or authorized to operate by any major regulatory authority, which means it will be a difficult process to withdraw from this company if they decide to ignore your request or suspend your account for trivial reasons.
If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
Read more about this topic in our dedicated article: Financial Regulation Authorities.
Got Scammed by Simple Trade Cryptos?
If you have lost money with Simple Trade Cryptos, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.
Chargeback Is Your Solution!
The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you for your chargeback process:
- 24/7 availability: Get help whenever you need it.
- Free consultation: Evaluate your case without any upfront costs.
- Quick processing: Expedite the recovery of your funds from Simple Trade Cryptos.
- High success rate: Boost your chances of successful fund recovery.
Relying on a reputable service like MyChargeBack is crucial when dealing with online scams, as the typical chargeback process can often be complicated and time-consuming without the proper guidance.
Ted van Ryn says:
All my BTCUSD and ETHUSD trades with STC web trader track to actual pricing.
My understanding is that STC is required to or already in the process of registering with the FCA UK as required beginning October 3, 2023. I understand this process takes anywhere from 3 to 9 months and has only been required of crypto trading exchanges as of that October date. I also understand that MetaBankWallet is associated with STC and may operate as their bank for the trading exchange.
In the event that STC registration application is in process, I have also lodged my complaint with the FCA UK Ombudsman’s office online should they be able to assist. STC has an attributed address of 24 Cabot Square, Canary Wharf, London UK but as a virtual online company they may operate anywhere.
During October-November 2023 timeframe, the STC staff were afflicted by a COVID epidemic and operations were limited. Mr Alex Raina has been hospitalized for GERD and is of South African origin, as is Mr. Logan Cooper, who recently lost his aged mother and may have returned to South Africa to attend to her estate. Mr. Kai Bronson is an American from New Jersey, and his wife recently gave birth to their first daughter. Mr Bronson and his family returned less than few weeks ago from attending a friends wedding in Portugal. These personal comments strongly suggest a London UK location for STC operations.
As much as I appreciate the fervor the STC executives show in the future of cryptocurrency trading, it is my strong impression that STC is an essentially an incompetent organization that needs to be forced to become transparent in their operations or shutdown to protect the public. Proving fraud in the UK requires clear evidence of intent, which seems missing in this instance. Proving fraud in North America usually requires a preponderance potentially fraudulent actions, that is to say “if it walks like a duck and quacks like a duck, it must be a duck”.
My advice to anyone considering trading with STC is the same, unless you know what you are doing …. stay away.