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SmartHubFX Review: Smarthubfx.com Crude Forex Scam

SmartHubFX Review: Smarthubfx.com Crude Forex Scam

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SmartHubFX (Smarthubfx.com) is a cruel Forex brokerage platform which is scamming anyone who signs up with them. Smart Hub FX is asserting itself as a first class Forex broker which is far from the truth. In fact, we have solid evidence which clearly reveals SmartHub FX is another rotten scam. This detailed and honest SMARTHUBFX Review is geared to protect investors from this scam. Make sure to go through it.

SmartHubFX Review

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SmartHubFX Review:

What a dubious Forex broker SmartHubFX is, they have no shame and are stealing from investors. This broker should be caught and imprisoned for Forex fraud. There are a lot of complaints floating all around the web concerning this broker. This makes Smart Hub FX a fraudulent broker for a number of reasons. After receiving numerous email complaints from users, we decided to investigate this broker. Results will shock most of your, read on!

From lack of proper registration to offering fake demo accounts, this broker is out to cause malice. SmartHubFX is simply another rotten offshore broker who is lining their pockets with your funds. Make sure to stay away from this broker as they will steal your funds and more. Yes, SmartHubFX is in league with hackers to steal funds straight from your bank account. Learn how to stop this broker from accessing your bank account by reading this detailed and honest review.

Who is behind SmartHubFX?

According to the disclaimer at the footer of the homepage, this broker is owned by SmartHub Ltd. This brokerage firm is being operated and run in Vanuatu, which means this is an offshore broker. Offshore brokers are notorious for breaking rules set by regulatory bodies. SmartHubFX is no different as they have broken almost all Forex trading rules. To begin with, these offshore brokers are anonymous; no one knows their actual names. Who is running this website?

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Wouldn’t you want to know who is handling your hard earned money? These scammers have created a Forex website to simply steal funds from users. How can investors deposit funds to an unknown third party? An informed investor would like to know who handles their money and whether they are experienced. For all we know, these are amateur con men who created a website to funnel funds. This could also be a money laundering operation, no one knows!

Licensing and Registration of SmartHubFX

Another red flag which we must point out is SmartHubFX does not have any valid registration certificates. This means they don’t have a license to conduct Forex transactions on behalf of third parties. A registration number is posted at the footer of their homepage, 40255. These professional scammers have gone a step further and posted a fake registration number. Only scam artists can post fake registration details on their homepage. And there’s more!

Trading Platform

Website claims this broker is using MT4 and MT5 trading platforms as their preferred tools of trade. In order to test how well their platforms are compatible to various devices, we decided to download it. And this is where we encountered another red flag with this broker. Their platforms could not work on Desktop and Tablet devices. Download stalled and stopped at 45% which means their platforms are highly unstable. This is bad news for any investor who signed up.

Unstable platforms are known to be a target by hackers who are looking for financial data. In most cases, hackers will target unstable platforms for credit card details. They will also use these platforms to steal personal information such as your identity. SmartHubFX is leaving users vulnerable to more than just a single hack. Their website is not SSL encrypted which makes us get worried for members. Any novice hacker can steal funds from this platform with ease.

SmartHubFX Broker Review

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Account Types

SmartHubFX is insisting on offering accounts depending on the broker. Members can choose to trade with a scalper account, Day trader, swinger, and Algo trader account. Scalper account holders get over 10+ trades per day, day traders account holder trade a few times per week. Swing account holders trade a few times a month while Algo account holders use automated trading. Are these accounts worth your time and money? No way, read the reasons why below:

What is the acceptable minimum trading requirement with each account? There are no details on this which is sinister to say the least. A real broker will ensure users know what to deposit prior to using these accounts. What are the benefits of these accounts? There are none? This broker will ask members for any amount in order to start trading with them. And this is why we strongly believe SmartHubFX is a scam.

No Live Chat

How does this broker expect members to contact them? Using emails is not favorable to members especially in case of emergencies. With this day and age, live chat support is a requirement. A broker who still uses emails is bad news; they want contact to remain one way, in their favor. This means the broker will answer emails only at their own convenience. They are afraid of the backlash they would receive from victims with live chat support.

Are Funds Safe with SmartHubFX?

Funds are not safe with a broker who is based offshore and is totally anonymous. This broker fails to give proper details regarding how they handle funds. Which banking institution do they use to bank funds? Why have they failed to issue members with a legal agreement’s page? Do they have contracts where users can sign and use against this broker? This broker is nothing but a pyramid scheme lining their pockets with cash. Watch out for this and any broker with same characteristics.

Fake Promotional Materials

According to their promotional page, this broker offers a promotion to users. They call it a recession kit. Apparently, this broker is issuing a survival kit to traders during recession. Isn’t this a scam? How do they know there’s going to be a recession? Why have they given an ultimatum for purchasing this promotional material?

Is SmartHubFX a Scam?

With all the evidence posted above, SmartHubFX is a scam waiting to pounce on Forex investors. Make sure to stay away from this broker and ignore their pleas to sign up. By marking their emails as Spam and warning your family and friends, you stay protected. In case you receive calls from their agents, don’t give them your personal details. This is another scam waiting to pounce on you. You now know what to expect with this lame Forex broker, nothing but chaos.

SmartHubFX Bottom Line

SmartHubFX Forex Review

Only way to protect our readers is by adding this broker to our scam blacklist. In addition, we hope authorities will act quickly and shut this website down. This is the only way to ensure innocent investors don’t sign up with this scary scam.

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Wishing you all the best in your future Forex trading experience.

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