SmartProFX (Smartprofx.com) is another fake Forex brokerage firm to hit the financial market. According to the homepage, it offers the best trading platform the world has ever seen. We decided to have a look at why Smart Pro FX was making such huge claims. Our investigation led us to chilling and revealing facts about this forex broker. We urge that you read on to find out the whole unbiased truth.
According to the first pop up message you see on their homepage, they claim to appreciate client independence. The problem we have with this statement is the numerous complaints we have seen floating on the web. Most people are claiming to have been conned by SmartPro FX. One of them is Max Webber. He claims to have lost all his initial deposit within a blink of an eye. This is what made us conduct a thorough and honest investigation.
First of all, we encourage members to always deal with legitimate and registered Forex entities. Game Capital Ads is the mother company behind SmartProFX. As a newbie, you should always strive to get the truth about a particular company. According to their homepage, they claim this company has been in business since 2013. Ladies and gentlemen, we can sadly confirm that this company is fake. Read on to find out the shocking truth about SmartPro FX.
No, this forex brokerage firm is not registered anywhere on the face of the planet. We made sure we contacted the relevant authorities to confirm their registration. Registrar of companies confirmed that they have NEVER REGISTERED a company named Game Capital Ads. We asked them whether they had registered a company named SmartProFX. They had the same answer, they had not registered a company with such a name.
Why would the developers of this forex provider claim to be registered? It’s easy, they want users to think that this platform is legit. Once people see the claim that they are under a company, they will believe its existence. Not us, we won’t be fooled by such theatrics, and neither should you. This is why we thrive to ensure that our users are safe and use only recommended products.
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According to the website, this forex provider uses MetaTrader4 platform. They also claim to be a liquidity provider and offer low swaps. Claims of offering low commission and live trading sessions can be seen on their homepage. Here’s the problem we have with their platform, claims of having three trading platforms.
According to their homepage, they offer three trading platforms. Three of the trading platforms include mobile, desktop and web trader. The only problem we have with their platforms is that we couldn’t download either of them. We tried downloading their platform using all devices and download stopped at 85%. Why was their platform unable to download? We were not the only ones facing the same problem.
You can easily see negative reviews and posts of people who have the same problem. The reason this is happening is that their platforms are not up to standards. Plus, their platform is not genuine as we believe they have manipulated it to make only winning trades. Yes, members who use their live demo only make successful trades. Once you switch to live trading, you make all losing trades. Scammers do this to ensure you sign up after seeing you are making only successful trades.
We have to let you in on a little secret, with SmartProFX, you can only make deposits. Members are only allowed to make deposits and no withdrawals. No member has been able to withdraw funds despite claims of SmartProFX making withdrawals. This is a trick scammers are using to lure more unsuspecting forex investors. You should not be a victim of such as this is daylight robbery.
Why would a legitimate forex broker refuse members to withdraw their own funds? It is simple, we are dealing with a scam forex broker. Their intentions are simple, get as many people to sign up and then close their firm. No matter how you look at it, we are dealing with fake forex brokers. This practice should be shunned immediately and the site brought down.
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We are sure SmartProFX is not regulated by any regulatory body or institution. The reason why we say this is because we can confirm it to be the case. First, we contacted the FCA and CySEC which are known all over as forex regulatory bodies. All these regulatory bodies have not registered SmartProFX. This means anyone who signs up with this broker is opening themselves to risk.
It means that SmartProFX does not follow the strict regulations set. Members who sign up with this broker firm means they will not be compensated if they lose money. The reason why they are not regulated is that they want to scam unsuspecting forex newbies. Why would they not follow the strict guidelines and rules set? They simply want you to sign up with them and later go under with members funds.
SmartProFX does not participate in any compensatory scheme which is dangerous to members. If they brokerage firm goes under or dissolves, members cannot be compensated. It means we are dealing with a fake illicit company. That’s why we are advocating for readers to avoid this forex broker.
You are only allowed to make payments using only three options. Maestro, MasterCard and Visa are the only platforms they accept. This is weird as most legit broker companies offer more than three alternatives. We are also concerned with credit card theft when it comes to SmartProFX. Max Webber had the same problem when his bank funds were withdrawn without his knowledge.
We believe that SmartProFX is involved in credit card theft as they ask for credit card information. This is the case when making payments using this platform. Members and all forex enthusiasts are urged to stay away from this brokerage firm. If you don’t want to lose your money, stay away from this broker.
Yes, we are dealing with a forex scam broker. With the evidence we have produced, we have no doubt this is a scam. From faking winning trades to not being regulated, this is surely a fraud in the making. Also note the many empty promises they make and their company not being registered. This is simply a fake forex company out to scam investors.
We have no other option but to blacklist this forex broker as a scam in the making. We urge all our readers to shun away from this broker. This is the only way to stay safe and avoid being scammed.
Always use trusted and approved forex brokers to ensure you trade safely and comfortably. With professional and seasoned forex brokers, you stand a chance to make real money. You also get to know the different ways of trading forex as these forex brokers will teach you a lot. Stay safe and trade safely with Forex.
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