Why was Simple Trader shut down? What’s the Alternative?

ByMichealH Alexander

Simple Trader is one of the prominent Fintech trading companies which was created and designed as a non-institutional alternative for Equity, Crypto and Options Traders worldwide. The Company works according to the client’s needs and requirements. It also cares about the client’s success and ensures that each of its clients will always be working with experienced traders. Forex signals providers

Although Simple Trader was running a great business, they decided with a heavy heart to close the firm on 30th November, 2020. The Company had been a major player in the Forex trading industry since 2012, and they had so many reputed clients who had earned a good amount from Forex trading. But still, they had shut down their trading business completely. Now, the Company decided to dedicate their efforts towards the ‘Trader Education’ and ‘VPS Services’.

Reasons behind Simple Trader Shut Down

The Company was doing great in the field of trading but due to some reasons, they had shut down the whole process of trading in the last quarter of 2020. There are multiple reasons due to which Simple Trader was lagging behind and the traders were not satisfied with that. The main reasons are as follows:

Provides only MT4 Support: Simple Trader was only offering MT4 support to their clients and due to that, their clients needed to buy an extra VPS and for that, they had to pay an extra amount. Therefore, clients were looking for the alternatives of Simple Trader as no one wanted to pay the extra amount for VPS.

Not Updated with Technology: Simple Trader was not updated with the latest technology and they also didn’t upgrade their services. Therefore, it became tough for the Company to survive in the trading sector where other social trading platforms provide better services and the latest technology to their clients. Free forex trading signals

Fx Signal Mart: A Great Alternative of Simple Trader

Forex is a market which is not only huge in size and volume, but it also has a global impact. Therefore, after the shutdown of Simple Trader, the users look for the alternative and one of the best alternatives for Simple Trader is “Fx Signal Mart”.

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