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    Negative

    SmartTrader

    • United States United States
    • 2-5 years
    • Suspicious Regulatory License
    • Non MT4/5 Software
    • Suspicious Scope of Business
    • High potential risk
    Open Account
    WikiFX Score
    Comparison
    Licenses

    No valid regulatory information

    Please be aware of the risk!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

    Company Name

    SmartTrader

    Phone of the company

    --

    Company website
    https://smarttrader.com/
    Twitter

    --

    Customer Service Email Address

    --

    Company address

    --

    Pyramid scheme complaint
    Expose
    Warning: Low score, please stay away! 1
    2022.07.04

    It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

    • Account
    Comparison
    Trading software
    • Standard account
    • Raw account
    • Benchmark --
    • Maximum Leverage --
    • Minimum Deposit $100
    • Minimum spread From 1.0 PIPS
    • Products --
    • Currency --
    • Benchmark --
    • Maximum Leverage --
    • Minimum Deposit $100
    • Minimum spread From 0.0 PIPS
    • Products --
    • Currency --
    • Currency --
    • Minimum position 0.01 lots
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Currency --
    • Minimum position 0.01 lots
    • Depositing Method --
    • Withdrawal Method --
    • Commission $3.5
    • Marketing Strategy
    Subscribe to VPS now

    Delivery Index

    Mkt. Analysis

    Material

    Ad Brand

    Sources

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    SmartTrader

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    SmartTrader

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    SmartTrader
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Confirm to Submit

    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    SmartTrader · Company summary

      General Information & Regulation

      SmartTrader is an online broker, with its founding time, real office address, and the company behind it unknown to all. SmartTrader advertises that it can trade more than 300 instruments including forex pairs, indices, stocks, cryptos and commodities. SmartTrader is not subject to any regulation, so it is unsafe to trade with this broker.

      Market Instruments

      With SmartTrader, traders can get access to trading products including stocks, ETFs, forex currency pair, and crypto currencies. Some popular instruments like indices, metals, commodities are not available.

       Minimum Deposit

      SmartTrader claims that traders can fund as little as $100 to get started. Although the amount seems reasonable for most regular traders, it is not a good option to trade with this unregulated broker.

      Leverage

      Trading leverage is not mentioned on the SmartTraders website. However, since leverage can amplify gains as well as losses, inexperienced traders are not advised to use high trading leverage in case of fund losses.

       Spreads & Commissions

      SmartTrader mentions that it offers super low spreads, from 0.0 pips on the Raw account, but does not specify spreads on particular instruments. This is a Red flag. Unregulated brokers love to hide their real trading fees to scam new traders.

      Trading Platform Available

      When it comes to trading platform available, SmartTrader advertises that it offers both MT4 and MT5 trading platform, as well as an in-house developed SmartTrader.

       Deposit & Withdrawal

      Payment methods available on the SmartTrader platform are VISA, MasterCard credit/debit card, POLi, Wire transfer, Neteller and Skrill. There is no further deposit and withdrawal information mentioned.

      Customer Service

      As for customer support, SmartTrader does not offer a dedicated customer service. The SmartTrader customer support team can be only reached through email. You can also follow them on some social platforms including Facebook, Twitter, Instagram and Linkedin.

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.