Smart Trade Group's Official Website Cannot Be Accessed Normally At This Time. The Company Appears To Have Closed Down. Therefore, We Can Only Gather Some Relevant Information For Reference Only.
2022-07-19 Ontario OSC Adds Smart Trade Group To Warning List
On July 19, 2022, The Ontario Securities Commission (OSC) Issued A Warning That Smart Trade Group Is Not Commercially Registered In Ontario To Engage In Securities And Derivatives Trading Business. You Can Visit The Following Website For Details: Https://www.osc.ca/en/investors/warnings/smart-trade-group
2022-07-25 Swiss FINMA Adds Smart Trade Group To Warning List
On July 25, 2022, The Swiss Financial Marekt Supervisory Authority (FINMA) Issued A Warning That Smart Trade Group Was Not Commercially Registered. You Can Visit The Following Website For Details: Https://www.finma.ch/en/finma-public/warning-list/smart-trade-group/
2022-07-20 Our Review Confirmed That Smart Trade Group Is An Unregulated FX Dealer
Smart Trade Group Claims To Be A Regulated Broker But Does Not Provide Any Information About Its Regulation. The Lack Of Such Important Information Can Be A Clear Signal For An Unlicensed Trader As A Regulated Trader Always Displays Its Certification And License To Operate In A Prominent Position. This Is A Red Flag.
Smart Trade Group Also Claims To Have Three Offices In The UK, Canada And Switzerland. According To The Relevant Laws, The Broker Should Be Regulated By The UK Financial Conduct Authority (UK FCA), The Investment Industry Regulatory Organization Of Canada (IIROC) And The Swiss Financial Marekt Regulator (FINMA) In Order To Provide Financial Services In The Above Countries. However, We Did Not Find A Match For The Broker In Any Of The Above Three Regulators.
In Addition, The Ontario Securities Commission (OSC) Issued A Warning That Smart Trade Group Is Not Commercially Registered In Ontario To Trade Securities Or Derivatives. At The Same Time, The Swiss Financial Marekt Regulator (FINMA) Also Issued A Warning That Smart Trade Group Is Not Commercially Registered.
The Fact Is That Smart Trade Group Is Not Regulated By Any Regulatory Authority. It Is Not Safe For This Broker To Hold Or Control Investors' Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Since It Is Not Possible To Access The Broker's Website Now, 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 Smart Trade Group Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: Smart Trade Group As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will 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 As Much As Possible When Choosing A Broker.
