SmartTop Claims To Have Been Founded In 2018. However, When We Checked Its Domain Name, We Found That The Site Was Actually Created In May 2022. So How Could It Possibly Start Doing Business In 2018? This Is A Red Flag.
Furthermore, SmartTop Claims That Its Corporate Headquarters Are In Australia And It Has Branches In Canada And Hong Kong. Based On This Information, We Searched Across A Number Of Regulators, Including:
1) Australian Securities And Investments Commission (ASIC);
2) Investment Industry Regulatory Organization Of Canada (IIROC);
3) Hong Kong Securities And Futures Commission (HK SFC).
However, We Did Not Find Any Results Matching The Broker In The Registration Of The Above Regulatory Agencies. This Means That SmartTop Is Not Regulated By Any Regulatory Agency. The Funds Invested By Investors In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
The Official Website Of SmartTop Is Currently Not Accessible Normally. It Seems That The Company Has Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
Since We Cannot Access The Broker's Website Now, We Cannot Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That SmartTop Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose Providing Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: SmartTop 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 Investing 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 When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
