The Official Website Of Smarttradefx Cannot Be Accessed Normally At The Moment. It Seems That The Company Has Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-06-28 Cyprus CySEC Adds Smarttradefx To The Warning List
On June 28, 2022, The Cyprus Securities And Exchange Commission (CySEC) Issued A Warning That Smarttradefx Provides Financial Services Without Authorization. You Can Visit The Following Website For Details: Https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=9677aa28-b6b2-4395-ac8c-bb73fef86a03
2022-07-07 Our Review Confirmed That Smarttradefx Is An Unregulated Forex Broker
We Found That Smarttradefx's Website Domain Was Created In 2021. However, The Broker Claims On Its Website That The Company Has Won Related Corporate Awards In 2016. This Is A Red Flag.
Smarttradefx Also Claims To Have Multiple Regulated Licensed Dealers, Including The US Commodity Futures Trading Commission (CFTC), Belize Financial Services Commission (Belize FSC) And Cyprus Securities And Exchange Commission (CySEC).
Firstly, Please Note That The CFTC Does Not Issue Licenses To Operate Forex Nor Regulate Forex Activities.
Secondly, We Did Not Find Results In Belize FSC That Matched This Trader.
Finally, When We Did Our Search In CySEC, We Found Only Warnings Issued By This Regulator Against This Trader. CySEC Warned That; Smarttradefx Is Not Authorized To Provide Financial Services.
This Means That; Smarttradefx Is Not Regulated By Any Regulator. It Is Not Safe To Have This Trader Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Smarttradefx Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Smarttradefx As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
