Simplexprofit claims to be a reliable firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

Besides, Simplexprofit shows its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA), will be allowed to solicit or approach US citizens. However, we did not find any match results to Simplexprofit in NFA. That means Simplexprofit is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam. 

BrokersView found the domain "https://simplexprofit.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.