Is Simpletoman a scam or a legit broker? Read this Simpletoman Review to know more about the Simpletoman scam
Website – https://simpletoman.com
Address – 1 Lancelot Parade, Lancelot Road, Wembley, Middlesex, England, UNITED KINGDOM, HA0 2AJ
Warned By – Financial Conduct Authority (United Kingdom)
Why Simpletoman is a scam?
SIMPLETOMAN was on the UK regulator’s list of warning issues.
The Financial Conduct Authority (FCA) issued a warning against this broker after learning that SIMPLETOMAN was providing illegal financial services in the UK. SIMPLETOMAN is an unregulated broker that makes no mention of its regulatory framework. As registered brokers always display their credentials in a visible location, this is a surefire indication that the broker is not registered.
Also, SIMPLETOMAN is a UK-based investment company, as stated on its website; as a result, this broker ought to be governed by the Financial Conduct Authority. Yet, we found that it was identified as an unauthorised business providing financial services in the UK without authorization when we searched for it in FCA.
In reality, SIMPLETOMAN is not governed by any regulatory authorities. Allowing this broker to store or handle investors’ money is dangerous because there is no legal protection in place for that money. It is therefore a hoax.
If you are scammed by Simpletoman broker, you can file a complaint in the complaint form. You can also check the scam broker 2023 page to avoid scam brokers.
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