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SmartBTCFX Review: Smartbtcfx.com Stay Away From this Forex Scam Broker

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SmartBTCFX Review: Smartbtcfx.com Stay Away From this Forex Scam Broker

SmartBTCFX (Smartbtcfx.com) is another CFD and forex broker to hit the financial world. Claiming to be located in Romania, we simply had to look at what it offers. Sadly, we have been receiving numerous email complaints from members who lost with Smart BTC FX. Scam Forex brokers are on the loose and we have to expose them for who there are. Read this eye-catching and honest review for more.

SmartBTCFX Review

SmartBTCFX Review:

Let’s start with where the company is located, Bucharest, Romania. What this means is that we are dealing with an offshore broker who isn’t regulated. The difference with offshore brokers and other brokers is that the latter follow strict rules and guidelines set. Depositing with SmartBTCFX will only lead you to make loses.

Members who have accounts with this broker are up in arms over withdrawal issues. No one has been able to withdraw their funds since depositing. Withdrawing is as important as trading itself and as such, we believe we are dealing with scammers. As ardent Forex and crypto trading enthusiasts, we want to highlight the tricks used by these fraudsters.

Opening an account with SmartBTCFX opens you up to a lot of risks. First of all, you are required to give out too much information. One thing we noticed was weird was the fact that you had to give them your credit card details. Ladies and gentlemen, this is fraudsters who want to steal money from you. Why would they want you to give them your credit card information? The reason is that these are they want to steal your savings.

Why not sign up with reputable and authentic brokers for all your Forex trading?

No Demo Account.

We noticed that with SmartBTC FX there’s no demo account to try out the platform. This is a real let down as normal Forex platforms dictate. A demo account is imperative especially to newbie traders since you get a feel of how the platform works. Never ever sign up with a platform that does not have a demo account.

Missing a demo account means that you may lose all your initial deposit at once. Demo accounts help users know the trading methods available on the platform. Its like buying a car without having to take it for a test drive. You should be able to know the inner working of the software. SmartBTCFX simply does not give us this option.

SmartBTCFX Scam

As a newbie, you should be able to use a demo account so that you can know how to trade. Dear readers, this is not the only problem we have with SmartBTCFX. Read on this honest and eye-catching review to find out the real deal with SmartBTCFx.

Why using Trading robots is the best move

There are reliable crypto robots that have been tested and seen to produce desired results. Go for these robots as they do offer much in terms of success.

Here are some of the pros of using dependable and tested cryptocurrency trading robots

  • Accuracy of trades

Unlike humans who don’t always have the best accuracy, these robots try to furnish traders with the best accuracy.

High profit returns is what these robots are after and tests indicate most of these recommended forex robots hit over 80 percent successful ROI.

  • Executes trades without human emotion

These robots offer an advantage in that they offer trading without any emotions and use raw data to speculate the markets.

Unlike humans who are likely to get swayed by human emotions, robots will only use market data to place informed decisions.

  • Fast execution of trades

The right robot ensures you enjoy fast execution of trades with ease. These robots offer a much-needed speed when executing trades.

You get a trading platform that ensures you have what it takes when engaging with the markets and isn’t slow to make decisions.

  • Great customer support

You obviously want a platform that’s available to help you when needed. Most of our recommended cryptocurrency trading robots offer reliable 24/7 support.

Conventional crypto methods of trading such as brokers may not be there to help you with any issues faced.

  • Trading using best several styles

You also get to trade with other styles provided by experienced traders who are also using the same robot.

Copy trading is one of the best ways to learn trading as it helps investors generate more in terms of revenue and following actual experts on the front seat.

  • Great for newbies

For those who want to start crypto trading, you don’t need any experience in the field. The platform is one of the best when it comes to ease of use.

Fake Trading Experience.

SmartBTCFX claims to offer users a unique trading experience. One claim that is easily visible is that you can get specific trading conditions. How they set up their platform to comply with the conditions remains a mystery. According to their website, they claim to offer high speed execution rates. In fact, the term they use is that their execution rate is “unmatched.”

All we believe is that these are all lies meant to entice you into joining their software. These are all lies since we cannot test their platform unless we do actual trading. Claims that they perform high execution trades cannot be confirmed. Due to lack of a demo account, none of what they say is legit.

SmartBTCFX Trading Tools.

Another claim this bogus platform throws at us is that they have a full range of trading tools. According to their website, they have multi-language support that caters for all. Some of the specific conditions that they claim to have are Auto chartists programs. According to them, these Auto chartists programs help to make confident decisions.

How can they claim to have a tool that helps people with confidence? These are all claims that cannot be verified. Only logical thing that a trading platform can do is help predict prices. Making people have confidence is a personal matter. SmartBTCFX trading tools are lies that we have to expose.

SmartBTCFX Account Types.

According to its website, Smart Btc FX offers four different trading accounts. Users can choose from Standard account, Classic account, Premium account and Gold account. Standard account holders get partial video access and a minimum deposit of $250. Classic account holders get partial video tutorials and a minimum deposit of $2500.

Premium account holders get full video tutorials and a minimum deposit of $20,000. Gold account holders get full video tutorials and a minimum required a deposit of $50,000. One thing we noticed is that these accounts offer both fixed and variable spreads. Why not offer real spreads for all customers? We believe this is a ploy to lure you into signing up with them.

SmartBTCFX Fake

It’s the only proven way of trading Forex with ease.

Fake Insurance Coverage.

On their homepage, members are promised 100% insurance no matter the amount of deposit. You should be careful with this type of comment since its full of lies. Remember that this is an offshore broker and as such, doesn’t follow rules set. It means that they don’t participate in any compensatory scheme.

Once you lose money with SmartBTCFX, that’s the last of it. No one can help you recover it and authorities too will not be blamed. In fact, you might be charged with aiding and abetting Forex fraudsters. Avoid all these troubles by signing up with approved and tested Forex brokers.

Another thing that we must point out is that if they guaranteed 100% insurance, where are complaints coming from? These people are posting scathing comments and it says it all. Dealing with fake brokers will leave a bad taste to you.

SmartBTCFX Bonus Claims.

With this Forex platform, members are promised insane bonus packages after depositing. You should know that this practice is illegal in Forex trading. Offering bonuses have been termed as illegal by the regulatory bodies. The reason is that when you are about to withdraw money, brokers demand their bonuses back.

Why issue a bonus if you will later use it against the client? This is why we are against anyone signing up with SmartBTCFX.

Is SmartBTCFX a Scam?

Without a doubt, SmartBTCFX is a scam that is stealing from unsuspecting Forex investors. The best thing you should do is steer clear from any promotional messages urging you to join. A lot of people have lost money with SmartBTCFX and you don’t need to be another victim.

SmartBTCFX Final Verdict.

SmartBTCFX Scam Review

The evidence we have shown is enough to warrant us to blacklist SmartBTCFX. We demand that this platform is investigated by relevant authorities and the site brought down. No one should face the agony victims are facing due to SmartBTCFX.

Remember to trade safely and we wish you all the best.

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