Menu Review: Is Smartway Options a Scam Broker? Review: Is Smartway Options a Scam Broker?

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Smartway Options is another pyramid scheme in the market. It claims to be dealing with binary options. The company falsely claims that it is regulated. It seems like this is a clone website since there have been several platforms with similar claims and similar designs.

Additionally, the company also states that they offer Forex trading services. The platform is a web-based company that does not have an MT4 trading platform. It’s is not the best choice for those who are used to using the interface.

Smart Options does not perform any investment services, and it is evident that it is just another pyramid scheme in the industry. Furthermore, they lack trading conditions that support the allegation of Forex trading. The payout for the binary Option is set at 85%. It is important to note that the binary Option has been banned in many countries due to their numerous risks.

A binary option is about predicting the direction the prize will take; hence it does not require spreads or leverage. However, this doesn’t mean the company should not provide us with the list; it requires putting up a trade.

Moreover, it’s like Smartway Options is only offering one trading account to investors. The websites appear to have been designed in haste because there is essential information that is missing from their platform.

The FAQ page has insufficient information and does not expound on matters that clients might need to proceed with the investment venture. The platform also has expansion in pages that create more suspicion. It appears they do not care about their client because if they did, they would fix up the errors.

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Smartway Options Review

The pyramid scheme is having numerous assets at the disposal of its customers. They claim dealings in Forex, cryptocurrency, and binary options. Unfortunately, there’s no evidence of any of them taking place.

The website is user-friendly, and it might fool you to think that they are legit. However, if you are an expert trader, you will quickly notice that smart Options are targeting newbies in the industry who lack adequate knowledge on how things are run. Review, Platform

You should not give them a chance to steal your money. The firm is untrustworthy and not reliable. They possess draw downs that make us not recommend their services.

We find it weird that they do not have any reputation or feedback regarding their services. Smart Options ironically clean the house over 5400 active accounts, yet the data that we gathered from shows they are not receiving much traffic.

The company will say anything to gain your trust, yet they have no lucrative services. Displaying false information is unethical, and they should be disqualified as a trustworthy corporate. The number of customers that they project if it was real, then it is enough to leave feedback on their experience in Smartway Options.

Unfortunately, since this is a marketing strategy, there is no proof. The platform has to give us more than this if it want to gain its trust. It is essential that you stick to real crypto trading companies in the industry to avoid becoming a victim of these scammers.

How Does Smart Options Works?

It is our highest character to provide unbiased reviews on investment companies, that is why we took our time to research on Smartway Options. We tried looking for any advantage that may come along investing with them.

Unfortunately, we did not find any, which is why we are very sure they won’t be in the market in the near future—the shady platform brag of having a wide range of CFDs trading for their clients.

All the other merits that they claim to offer their customers are standard features that you can get in much better investment entities. A company does not make any effort to show us why we should choose them instead of their competitors. They only focus on making sales rather than satisfying traders’ needs.

If you do more research, you will encounter even better regulated and trustworthy brokers who have more assets and numerous investment plans that you can choose from according to your capability.

The company is using vague financial narrative to catch the attention of novice traders. They are using traits of casinos to attract new members. Displaying a beautiful account manager is worthless when it’s come to financial matters. They should provide us with a performance report or instead a managerial report to show how they are doing in the market.

Smartway Options Contact Detail and Regulation

Smart Options has displayed an email and a telephone number that you can reach them just in case you have queries or suggestions that you’d like to make. However, the company does not disclose its office address location. They are thriving in anonymity, a common feature with a Ponzi scheme. It is worrisome and unprofessional for the founders to expect traders to trust them while they do not care to show us whom we are trusting with our money.

They should set an example and showcase their leadership team and their qualifications for them to win the favor of their customer. Operating discreetly only proves they are using unprofessional means to run there website.

The FCA, ASIC, CySEC, FTA, and NFA have set up stringent guidelines that professional investment platforms need to follow for them to acquire a license to run their business. The pyramid scheme is exploiting traders in the market by offering ridiculous returns that they cannot wait and luring naive clients to deposit with them. They end up not making losses and risking their safety.

Hence, the financial watchdogs in the industry came up with measures to protect their citizens. You should look for a license before you deposit funds in any company.

No MT4 Trading Platform

Smart Options does not have an MT4 trading interface, and this is a significant failure on their part as traders enjoy this feature. We find it weird that they are offering Forex trading services, yet they don’t have the popular MT4 platform.

You need to check if a company can meet most of your needs before you deposit your money. The Ponzi scheme does not mention anyway on their website if they have this interface. Trading in a favorable environment will help you achieve your goals. You will be missing out on one expert advisors, indicators, and charting features which make trading more comfortable and convenient. Hence, increasing the trading outcome.

Smart Options has a primary web-based platform that you can download on various devices, including your phone. It can only offer 60 trading seconds or instead binary options. We can all agree that the platform is no match for the MT4 interface.

It is the significant draw down that we found about the website. An investor you need as many tools as possible to aid your trading experience.

Final verdict

Smart Option is a blatant scam that has no trading activities. They additionally claim to be regulated, yet they are an offshore company that is collecting money illegally. They did not disclose the low that binds them to run the activities

Investment is a very crucial matter that you need to be very careful when choosing the company you want to venture with. You should only deposit your money with reputable cryptocurrency brokers.

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One Reply to “ Review: Is Smartway Options a Scam Broker?”

  1. Everywhere page I open that has to do with binaryoption or forex investments all have great customer reviews but when I tried investing with binaryoption, from plus option, to binomo to IQoption, I lost a lot. I still have someone helping me with my trades but I keep losing and now they want me to invest more money. I need to speak with people who have invested and had similar situations. Please reach out to me on my username

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