The history of the crypto broker Smart Trade Limited began in 2016. At least, that’s what is stated on the official website, which also mentions cooperation with the Security Traders Association (STA). The firm boasts a single license from the regulator “European Financial Authority.” Despite having its headquarters in the United Kingdom, there is no regulation from the Financial Conduct Authority, which is odd. Regarding reviews on the internet – they are few, so the platform does not inspire trust. Well, can this company be trusted?
How to Trade
Smart Trade Limited offers to start trading financial assets with a minimum deposit of 250 euros. However, the more opportunities a client wants, the higher the deposit required. The broker has 7 tariffs, which differ in balance requirements and additional services.
Clients can gain access to an analytical center, training, financial support, consultations, making trades over the phone, and portfolio creation. Educational resources include online webinars, conferences, and strategies.
The firm specializes in cryptocurrency but also provides access to other asset classes. All instruments are represented only in CFDs. Commissions are not specified, only marked as low. The sizes of spreads and leverage are also unknown.
Smart Trade Limited Vital Info
Was the broker really launched in 2016? How can they confirm this? We found facts that contradict such a period of operation. For instance, the domain of the website was registered in October 2023, and without a website, the company could not operate. The number of online reviews about Smart Trade Limited is so small that it’s very difficult to believe in a 7-year operation period.
The European Financial Authority regulator, which issued the company a license, looks no less suspicious. The website of this regulatory body is just as young, as it was created on August 28, 2023.
Smart Trade Limited should obtain a license from the FCA, as its headquarters are in the jurisdiction of the United Kingdom. However, there is no such firm in the FCA’s register. Moreover, the Companies House register of legal entities also does not know about the existence of the broker.
FAQ
What are the key facts about Smart Trade Limited?
The domain of the website is very young, having been registered in October 2023, casting doubt on the stated founding date of 2016. Suspicions fall not only on the founding date but also on the license from FINAEU. It is an unknown regulator, which is unlikely to be official or legal. However, the most important thing was revealed by checking the UK registries, as the broker was not found in either Companies House or the FCA. Therefore, the headquarters in London is also fake.
What's the risk to my wallet when working with this broker?
Marginal trading of cryptocurrencies and other asset classes carries a high risk, with more than 75% of traders losing their money due to their own mistakes, so this type of activity is not suitable for everyone. In addition to this, the above-mentioned facts should be considered. Especially the lack of a license and the legal entity Smart Trade Limited in the UK, despite having an office in London. And the most significant risk when cooperating with such organizations is a scam. In other words, the impossibility of withdrawing funds.
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The Goods & The Bads
The website is translated into several European languages.
The license is obtained from a non-existent regulator.
There is no regulation from the FCA, as well as data in the legal entities register.
They have fake regulation and no real license. The broker is an outright fake and scam, so leave any hope behind if you've invested money here. Your deposit is lost. You've given it to anonymous fraudsters.
There are already victims of Smart Trade Ltd, so don't be the next victim of fraudsters. The activity is 100% illegal, as there is no license. And their regulation from FINAEU is not real; it's a fake regulator, also invented by scammers. Also, there is a conflict of interest here, if you didn't know. So, even more reason not to invest money. Smart Trade Ltd will gladly accept your capital and then drain your deposit, and you won't be able to fix anything.
SMART TRADE LIMITED promised me a guaranteed income. But instead of a profit of $1k+ per week, I lost all my invested $4,500. SCAMMERS!!! Don't believe them! Don't interact with them!!!
Scammers, just ordinary scammers. Remember my review of Smart Trade Limited. Such a scam company won't exist in six months, or maybe it will close even sooner. The whole truth is that this pseudo-broker was created by anonymous fraudsters whose task was to steal money. The catch is that it is not the only fraudulent site; in fact, there are several, meaning there are a lot of them. It’s just part of an illegal group, acting anonymously and criminally. I advise all traders, especially beginners, not to open a brokerage account here and always analyze the platform you plan to interact with to avoid problems with withdrawing money. And here, they will definitely be there.
Be careful and do not invest money in scambrokers like Smart Trade Limited because such cooperation is not at all smart. I invested 1,000 euros here, and what? I couldn't properly trade, it's very expensive, commissions eat up all the profit, and it's very difficult to earn even a small profit. But the problem lies elsewhere. After realizing that I couldn't earn steadily and normally here, I started withdrawing money, and that's where the whole fraudulent essence of the fake company showed itself. The broker doesn't pay out my money, although more than two weeks have passed. And I suspect that it will never return my money. So I share my negative experience; it may be useful to someone.
A 250 euro deposit is a classic sign of an illegal broker. If you carefully look at the deposits required by all black and fraudulent pseudo-companies, you can clearly see that it's almost always 250 dollars/euros or more. Smart Trade Limited engages in fraud as it steals money. This has long been proven because there are truthful reviews with complaints from real traders. So make a conclusion and always notice such aspects.
Hello! I am currently looking for a broker for cryptocurrency trading. Specifically, a brokerage firm, as crypto exchanges are not suitable for me. I saw Smart Trade Limited and want to inquire about the platform.
They indicate a long period of operation and even some license - is this true or not? Do they really work for 7 years and have a license? If yes, it will be a positive sign. Moreover, how are things with conditions and the terminal? I don't see what the commissions are here, but I would like to know whether it is profitable to make deals or not.
In general, I need more information. For now, I have noted the firm in my notebook, and in the future, I will finally decide whether to start cooperating or not to risk it.
The terminal works very slowly, and the commissions and spreads are astronomical. Moreover, Smart Trade Limited offers decent services only to those who invest huge amounts, from 5-10 thousand and more. Is this normal? Some kind of extortion.
They have fake regulation and no real license. The broker is an outright fake and scam, so leave any hope behind if you've invested money here. Your deposit is lost. You've given it to anonymous fraudsters.
There are already victims of Smart Trade Ltd, so don't be the next victim of fraudsters. The activity is 100% illegal, as there is no license. And their regulation from FINAEU is not real; it's a fake regulator, also invented by scammers. Also, there is a conflict of interest here, if you didn't know. So, even more reason not to invest money. Smart Trade Ltd will gladly accept your capital and then drain your deposit, and you won't be able to fix anything.
SMART TRADE LIMITED promised me a guaranteed income. But instead of a profit of $1k+ per week, I lost all my invested $4,500. SCAMMERS!!! Don't believe them! Don't interact with them!!!
Scammers, just ordinary scammers. Remember my review of Smart Trade Limited. Such a scam company won't exist in six months, or maybe it will close even sooner. The whole truth is that this pseudo-broker was created by anonymous fraudsters whose task was to steal money. The catch is that it is not the only fraudulent site; in fact, there are several, meaning there are a lot of them. It’s just part of an illegal group, acting anonymously and criminally. I advise all traders, especially beginners, not to open a brokerage account here and always analyze the platform you plan to interact with to avoid problems with withdrawing money. And here, they will definitely be there.
Be careful and do not invest money in scambrokers like Smart Trade Limited because such cooperation is not at all smart. I invested 1,000 euros here, and what? I couldn't properly trade, it's very expensive, commissions eat up all the profit, and it's very difficult to earn even a small profit. But the problem lies elsewhere. After realizing that I couldn't earn steadily and normally here, I started withdrawing money, and that's where the whole fraudulent essence of the fake company showed itself. The broker doesn't pay out my money, although more than two weeks have passed. And I suspect that it will never return my money. So I share my negative experience; it may be useful to someone.
A 250 euro deposit is a classic sign of an illegal broker. If you carefully look at the deposits required by all black and fraudulent pseudo-companies, you can clearly see that it's almost always 250 dollars/euros or more. Smart Trade Limited engages in fraud as it steals money. This has long been proven because there are truthful reviews with complaints from real traders. So make a conclusion and always notice such aspects.
Hello! I am currently looking for a broker for cryptocurrency trading. Specifically, a brokerage firm, as crypto exchanges are not suitable for me. I saw Smart Trade Limited and want to inquire about the platform.
They indicate a long period of operation and even some license - is this true or not? Do they really work for 7 years and have a license? If yes, it will be a positive sign. Moreover, how are things with conditions and the terminal? I don't see what the commissions are here, but I would like to know whether it is profitable to make deals or not.
In general, I need more information. For now, I have noted the firm in my notebook, and in the future, I will finally decide whether to start cooperating or not to risk it.
The terminal works very slowly, and the commissions and spreads are astronomical. Moreover, Smart Trade Limited offers decent services only to those who invest huge amounts, from 5-10 thousand and more. Is this normal? Some kind of extortion.