January 24, 2024

Smart FX Trade Option Reviews SCAM FX Broker? Find Out

Smart FX Trade Option Reviews

Heard of Smart FX Trade Option forex broker? Is this broker a reliable or scam? Read Smart FX Trade Option reviews to know about this forex broker whether to use or not.

This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.

What is Smart FX Trade Option?

Smart FX Trade Option otherwise known as SmartFXTradeOption.com is an offshore brokerage with a lot of promises for forex traders. The forex company shows us addresses in the UK and US.

Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.

Smart FX Trade Option Minimum Deposit

Smart FX Trade Option deposit is specified $10. This is indeed very affordable – but is no reason to choose a scam broker over a legitimate one.

In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.

On the website, the broker accepts deposit via Bitcoin. The broker also claimed deposit via bank transfer, or with payment solutions such as Skrill, PayPal, WesternUnion, and MoneyGram but that turned out to be false.

Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!

Withdrawal process:

Smart FX Trade Option withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements  that must be met before a withdrawal.

Smart FX Trade Option Platform:

Smart FX Trade Option offers a web trading software called TradingView. TradingView is free market tracking software that can be accessed completely for free on the Internet.

Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.

Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

What We Discovered about SmartFXTradeOption.com Broker

Smart FX Trade Option claims its address in the United Kingdom. But a check of that regulator’s registry reveals not a licence, but a warning that the broker is a fraud. Take a look yourself —-

FCA Warning against Smart FX Trade Option

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

Final Thoughts:

Smart FX Trade Option located at SmartFXTradeOption.com claims to appear like a trustworthy trading broker, however, that cannot be trusted. From indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.

Was the information helpful? Please share with us your experience in the comment section below.

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