This review of Simplified Asset depicts that simplifiedasset.com is a scam broker. That is why the broker’s website is full of lies from page to page, sentence to sentence. Nevertheless, they continue to entice unsuspecting victims using false promises engraved on an attractively-looking website. They continue to act canningly just like WiseBitcoin, TD Markets, Optimux24 and many others (avoid these brokers at all cost).
By the way, Simplified Asset says they’re “globally-regulated” yet we don’t see any evidence of the same from their home country, which is in the UK. They also feign legitimacy by claiming to have won 40 international awards. It’s good to show these awards to their clients for purposes of authentication. Unfortunately Simplified Asset does not provide more details concerning these awards. It is therefore safe to assume that the broker is lying about the supposed awards.
Simplified Asset is also boasting of several features and advantages of using their platform. These include intuitiveness, sharp execution, tight spreads, low fees, transparency and the ability to trade a wide range of instruments such as Forex, Gold, Oil and Crypto.
To make their platform even more tempting, the broker promises to provide market analysis, weekly webinars and top security of funds, thanks to a fake $1,000,000 insurance promise.
That said, I see that simplifiedasset.com is actually a dangerous Forex and CFDs broker. If you have lost money to this broker or you were probably cheated by a different scam, you need to get in touch with an experienced money recovery agency to look at your case.
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Simplified Asset Review: All the promises are a lie
You can be sure that all of the promises that this broker is making are lies. There’s no way a scam broker can offer 0.0 spreads. A broker’s revenue comes from spreads. If spreads start at 0.0 pips, that broker is telling a lie.
They also say that they are not a NDD broker and that requotes won’t be possible on their platform. This is another white lie that simplifiedasset.com tells you to win your trust.
This is because the broker is actually not a registered company and they don’t have an FCA license. FCA is the body that governs Forex and CFDs brokers in the United Kingdom. Simplified Asset operates out of the UK but with no license. This makes them a high-risk broker.
I would like to tackle the $1,000,000 insurance claim which is obviously a big fat lie coming from this broker. This insurance is only a requirement when a Forex broker is licensed by a serious oversight authority. Simplified Asset is a Forex broker operating without any financial license or authorization from an oversight authority. Do you think they can protect your funds in this case? The answer is no!
How Simplified Asset will scam you and prove that they are not legit
The broker is obviously secretive. It is impossible to find out who owns or runs the website. They are only enticing you to make the minimum deposit into their personal bank account. By the way, the minimum deposit is not disclosed on the homepage. They are only talking about auto trading and how you can become a wealthy person trading on their platform.
The truth is that a broker like SimplifiedAsset will never process your withdrawal requests. Instead, they will ask you to submit additional KYC documents which they will ever approve. If they want to steal your money, they will state that you are not qualified for a withdrawal unless you submit proper KYC documents. That is how you will end up forfeiting your funds.
If you make a deposit on this website, you should be sure that the money is gone forever. Simplified Asset is a scam and there is no aota of truth in how they run their website. I urge you to avoid this broker at all cost. If you would like to trade the financial markets with peace of mind, these trading tools are the best resource for your trading endeavors.