Simplex Crypto Farming is a CFD broker whose official domain was registered on March 24, 2024. This broker primarily provides investment services in markets such as forex, commodities, indices, stocks, and digital currencies. It does not offer services to countries and regions where doing so may violate local laws or regulations.
Corporate Registration Information and Regulatory Status
The registration certificate image displayed on the Simplex Crypto Farming (simplexcryptfarming.com) website shows that the broker is registered in the UK, with a company registration number of 764643562. Clicking on the "View License Page" at the bottom of the image redirects users to the UK Companies House. The redirected page shows a company named "COIN MARKET MANAGER LTD," with a registration number of 11513146, which is currently in liquidation.
Upon investigation, the UK Companies House does not have a company registered under the number 764643562. Additionally, the "About" page on the broker's website mentions another company named "IFM" regulated by the Australian Securities and Investments Commission (ASIC), but no specific license number is provided. In fact, there is no relationship between Simplex Crypto Farming and IFM.
Therefore, Simplex Crypto Farming (simplexcryptfarming.com) is essentially a fraudulent broker site with no corporate entity or regulatory oversight.
Trading Products:
Simplex Crypto Farming offers a variety of 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 sectors without trading individual stocks. By exploring popular indices, traders can find diverse opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers key global resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in public companies' share price movements, earning profits based on the company's performance and dividends without actually holding shares.
- Cryptocurrencies: Cryptocurrency trading provides digital currency enthusiasts the chance to profit from highly volatile assets.
Account Opening Process
The account opening process for Simplex Crypto Farming involves opening the broker's official website, clicking "Register" at the top right of the page to enter the account registration page, filling in personal information such as name, phone number, email, and setting a login password, and then submitting the information. After verification, the account is successfully registered.
Investment Plans
Simplex Crypto Farming offers a variety of investment plans, including Yield Farming, Liquidity Mining, Staking, Simplex Crypto Farming, and FOREX SIGNALS.
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
Trading Platform
Simplex Crypto Farming provides a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds and over 12,000 orders executed per second from multiple liquidity providers.
Deposits and Withdrawals
Simplex Crypto Farming's official website does not disclose the supported deposit and withdrawal methods.
Conclusion:
Traderknows reminds investors that Simplex Crypto Farming is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation, and its contact method is limited to email. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
