Is SIMPLETOMAN scam or Legit? – ScamHelpers Investigation shows that it is a scam.
Website – https://simpletoman.com
Why SIMPLETOMAN is a scam?
SIMPLETOMAN was included in the UK regulator’s warning list.
After finding out that SIMPLETOMAN was offering illegal financial services in the UK, the Financial Conduct Authority (FCA) put out a warning about this broker. SIMPLETOMAN is an unlicensed broker that doesn’t say anything about how it is regulated. This is always a sign of an unregistered broker, since licensed brokers always put their credentials in a prominent place.
Also, SIMPLETOMAN is a UK-based investment firm, as noted on its website; therefore, this broker should be subject to Financial Conduct Authority regulation. But when we looked it up in FCA, we discovered that it was listed as an unlicensed organization offering financial services in the UK without authorization.
In actuality, there are no regulatory bodies that oversee SIMPLETOMAN. It is risky to allow this broker to hold or handle investors’ money, and there is no legal safeguard for that money. As a result, it is a fraud.
If you are scammed by SIMPLETOMAN broker, you can file a complaint in the complaint form on top. You can also share your experience with the broker as a comment.