Bestsimplymarket.com is a CFD broker whose official domain was registered on February 26, 2024. This broker primarily offers investment services in markets including Forex, cryptocurrencies, indices, stocks, energy, and commodities. They do not provide services to countries and regions where doing so may violate local laws or regulations.
Corporate Registration and Regulatory Status
According to publicly available information on its official website, Bestsimplymarket.com was established in 2016, with its corporate entity being Kiemu Capital Trade, claiming to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose its corporate registration information nor detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) has no record of a regulated company named “Kiemu Capital Trade.”
Therefore, Bestsimplymarket.com is essentially a scam broker site with neither a corporate entity nor any regulatory oversight.
Account Opening Procedure
To open a trading account with Bestsimplymarket.com, visit the broker's official website and click on "Open Account" or "SIGN UP" at the top right corner of the homepage. Fill in the required personal information such as name and email address, set a password, and submit the form. You can complete the registration once the account is verified.
Trading Instruments
Bestsimplymarket.com offers various trading products, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific industries without trading individual stocks, providing diverse trading opportunities and leveraging for potential gains.
- Commodities: Commodity trading covers key resources in the global market, enabling traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to engage in price fluctuations based on the performance of public companies, profiting from price changes and dividends without owning the actual stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Bestsimplymarket.com provides four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Enjoy all benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional Forex signals
- Up to 10 signals daily
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use with any broker
Trading Platform
Bestsimplymarket.com offers a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over integrated liquidity providers and more than 12,000 orders executed per second.
Deposits and Withdrawals
Bestsimplymarket.com does not support deposits or withdrawals via credit card or bank wire transfer. It only allows transactions through cryptocurrencies.
Conclusion:
Traderknows reminds investors that Bestsimplymarket.com is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
