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Smartsavefx

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Operating status: SCAM

Website: https://smartsavefx.org/

Broker violations and abnormal records
  • 2024-01-08 BrokersView has Reviewed that Smartsavefx is an Unregulated Broker

    Smartsavefx claims to be registered under the UK Companies House (CH). We searched by the company number 11733993 but found a mismatch for one company BASE BITS LIMITED which had a different company name and registered office address than Smartsavefx, when we searched by company name Smartsavefx there were no results.

    It is crucial to note that having registration with the CH does not mean being authorized to provide financial services. To operate as this type of broker in the UK, a company must be regulated by the United Kingdom Financial Conduct Authority (UK FCA), but our search for Smartsavefx in the FCA register didn't yield any results.

    The truth is that Smartsavefx is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.

    Smartsavefx is a scam.

    Smartsavefx claims to be registered under the UK Companies House (CH). We searched by the company number 11733993 but found a mismatch for one company BASE BITS LIMITED which had a different company name and registered office address than Smartsavefx, when we searched by company name Smartsavefx there were no results.It is crucial to note that having registration with the CH does not mean being authorized to provide financial services. To operate as this type of broker in the UK, a company must be regulated by the United Kingdom Financial Conduct Authority (UK FCA), but our search for Smartsavefx in the FCA register didn't yield any results.The truth is that Smartsavefx is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.Smartsavefx is a scam.

Related Complaints

Q&A

Is Smartsavefx's customer service 24/7 available?

Mara
Canada
2024-02-05
ANSWER Given the unlicensed status of Smartsavefx and its questionable practices, we strongly recommend avoiding this platform.Smartsavefx falsely uses a registration number from the Companies House (CH) to give an impression of legitimacy. Despite its claims of being based in the UK, Smartsavefx has not adhered to local regulations to obtain authorization from the Financial Conduct Authority (FCA) for its operations.Consequently, Smartsavefx presents substantial risks, including fraud and identity theft. Moreover, funds entrusted to this platform are not safeguarded. For a secure trading experience, investors are advised to avoid unlicensed platforms like Smartsavefx and opt for fully regulated ones instead.
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