Trade Simple Review

About Trade Simple

Trade Simple (also appearing as Trade‑Simple or Trade‑Simple FX) is not authorised to provide financial services in the United Kingdom and is not listed on the Financial Conduct Authority (FCA) Financial Services Register. The FCA issued a warning categorizing Trade Simple as an “unauthorised firm,” indicating that clients have no access to the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) ().

The platform’s claims of being based in London or operating under names such as Apollo MS Ltd or Trade‑Simple Ltd are not corroborated by official FCA records or Companies House entries. Public investigations concluded that the entity is not licensed and information presented on its site is unverified (). Corporate disclosures list entities across multiple offshore jurisdictions—Saint Vincent and the Grenadines, South Africa, Seychelles, and others—using registration data identical to that of another broker (HFM), suggesting that the information may be plagiarized ().

Trade‑Simple’s registration data cannot be found in reputable regulatory databases, and the domain used (e.g., trade-simple-fx.live) is relatively new. The significant inconsistencies between claimed and verifiable credentials, including offshore registrations and mismatched company details, highlight the lack of regulatory oversight (). Aggregator assessments assign minimal credibility and categorize the platform as high risk or fraudulent ().

Pros and cons

Pros

• No verified regulatory or licensing credentials identified.

Cons

• Not authorised or registered with the FCA or any recognised financial regulator.
• Claims of regulation and corporate identity are contradicted by official records.
• Offshore registrations appear potentially plagiarized from other brokers.
• No protections such as FSCS, negative balance protection, or segregation of client funds.
• Platform activity and credibility are minimal; high risk of fraud or financial loss.