Company Information

Get to know Simdaq

Simdaq was launched as a project to create a community-driven ecosystem for crypto traders, primarily during the 2017-2018 ICO period. Its core product was a trading simulator designed to provide a risk-free environment for new traders to learn and for experienced traders to test strategies, participate in competitions, and share insights. The platform aimed to democratize access to trading tools and education within the cryptocurrency space. However, based on the lack of updates on its official blog and social media channels since 2019, the project is considered dormant or discontinued.

Industry

Technology Software Trading PlatformPRIMARY
Technology Software Development

Contact

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Simdaq

Cyprus

Founded in

01 Jan 2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.