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SMFX Analytics Review: Smfxanalytics.co Is a Signals Scam

SMFX Analytics Review: Smfxanalytics.co Is a Signals Scam

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SMFX Analytics (Smfxanalytics.co) review is here, and the signal provider has no verified results. And this becomes a problem for any investor who signs up with the platform. Such investors will have a hard time trying to convince us that the platform works. And it has become a major issue as most claim the site is all talk and no results. It is expected from a signal provider with no proof of concept. The platform is unable to prove its reliability, which is a cause for concern.

SMFX Analytics Review

About SMFX Analytics

Not much is known about the platform or the people behind it. From the look of their website, we can see why investors fell for this platform. The information is there for all to see, and the navigation is simple. There are no other pages apart from the homepage. And this also provides a challenge as we expected more from the platform. Why would they fail to provide ample information to investors? It is why we have to investigate the developers.

There are other reliable trading tools that come highly recommended by experts. These tools have become an integral part of living for investors. They are a way in which realistic profit margins are achieved. It is why these are the best forex trading robots to have.

SMFX Analytics is a signal provider with no direction of what they want. These investors have a massive problem with information. They fail to give users full details on their services. Most of the complaints we have seen so far are blaming the signals for failing to be accurate. These signal providers who pop out from nowhere have big claims and no results to prove it.

Assets offered by the signal provider

The platform claims to offer live commodities, Cryptos, and forex assets to investors. These assets play a vital role in the day to day trading. They claim to provide signals for these assets, which don’t prove to be accurate. Accuracy is important when choosing a signal provider. The more accurate the signals are, the better your chances of winning. This signal provider has a reputation of not holding their end of the bargain. It is why we insist that the signal provider is a hoax.

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Business proprietor

Information on who is behind the platform is left for investors to guess. For all we know, these could be offshore developers trying their hand at signals. These could also be amateurs trying to entice the use of their signals. We should know who we are dealing with before signing up with their services. Without the names of the developers, all their credibility gets thrown out of the window.

Comments from members

After going through a ton of emails, we realized that the platform is offering sub-standard signals. Most of the members claim that their signals are far from being accurate. There is a time delay that makes the platform a hoax. The signal frequency is also undisclosed, which makes them unprofessional.

Compliance, License, and Registration of SMFX Analytics

SMFX Analytics Chart Examples

SMFX Analytics is not compliant with industry regulations as they have no license. A signal provider should get a permit from regulatory bodies to confirm their compliance. It means that anyone who deposits funds with this platform gets no insurance cover. And it is one of the biggest challenges facing investors with this platform. They are not able to get their hand on a license due to several reasons. Lack of ownership details is one reason they fail to get a permit.

Another issue with their registration is that they fail to mention it to users. They should have terms and conditions page that stipulates this is not a licensed entity. Such information would help save investors from signing up with their rogue platform. They leave this part out so that they can sign up unsuspecting investors. Ensure you go through a site’s terms and conditions to know where they stand with regulation. If the platform fails to get any license, depositing funds with such a website is risky.

Domain insights

Domain details give us the background and history of a live site. And the information retrieved shows that the platform went live on 7th March 2019. It means the platform is less than two years old in the signal market. They already have a ton of complaints which points out to their inefficiency. Such a website should have by now garnered several investors if their signals were accurate. With more and more victims coming out, we are sure that the site will shut down in a year.

Features of SMFX Analytics

The platform is a signal provider with educational services on offer. They claim to use the price action strategy, which they fail to explain. The pairs offered include Crypto and Forex, which is a unique pair to get. If this were a legit platform, they would be one of the few who offer such a pair. It is too bad that they fail to give information on whether they provide major currency pairs. Such information would be helpful to investors who prefer using a particular currency pair.

Free tutorials

What is clear is that these YouTube tutorials are 14 to 15 minutes long. From the tutor’s accent, we can learn that he is Australian. We still don’t know who the target market is with this platform. What is clear is that their servers are located in California. The video tutorials have no face on them, which is a bit worrying. These online scams have a way of hiding any face associated with their merchandise. It is why no one should sign up with the platform.

Restraints of SMFX Analytics

Account types

SMFX Analytics Account Plans

SMFX Analytics offers two account types on their signals platform. Users can get the Crypto account or the Forex account. The platform offers no other detail regarding their account details. They also fail to mention the account minimum acceptable price. All we know is that users get these signals for $120 per month. If this is the price of each account, they have set it at a reasonable amount. The other problem with their accounts is the failure to offer account specs.

Contact and support

The entire homepage does not have any information regarding their support staff. There is no information regarding the email support link or phone number. And this proves our the fact that this is an offshore led signals scam. The fear that authorities and victims will track them makes them fail to offer their contact details. One way of contacting these developers is by signing up first, which is lame. They should post their contact details for all parties.

Results and strategy

They have provided a live trade tracker, which is not as live as one would expect. The platform has also provided users with trade examples that make no sense. These examples are screenshots from their video tutorials. If a signal provider wants to be taken seriously, they must post results with links from FX Blue or myfxbook. Without the results being verified, we are sure that the platform is a hoax. There is no information on how they use the price action strategy to come up with their signals.

Scam or Legit SMFX Analytics

SMFX Analytics is a scam that is waiting to pounce on naïve signal investors. Stay away from the platform or become their latest victim.

Final verdict

We have to protect our readers by adding SMFX Analytics to our blacklist.

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