SMI TRADE Official Website - Https://www.smitrade.eu/, Is Currently Closed And Information About The Company Is Not Immediately Available.
Due To The Inability To Access The Broker's Website At This Time, We Are Unable To Obtain Further Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
SMI TRADE Claims To Be A Company Authorised And Regulated By The Financial Conduct Authority (FCA), But When We Searched In The FCA, We Only Found Warnings From The FCA Regarding The Broker's Unauthorised Provision Of Financial Services Or Products In The UK.
More Importantly, The Ontario Securities Commission (OSC) Has Also Issued A Warning That SMI TRADE Is Not Registered In Ontario To Engage In The Business Of Trading Securities. In Fact, SMI TRADE Is Not Regulated By Any Regulatory Authority. It Is Not Safe For This Broker To Hold Or Control Investors' Funds, And These Funds Cannot Be Protected By Any Law. Therefore, It Is A Scam.
