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In your opinion, SMARTMARKETTRADE is trustworthy broker or not?
Claudio Addamo
Egypt
2023-09-21
ANSWER SMARTMARKETTRADE is not a trustworthy broker and operates without a license. The UK Financial Conduct Authority (FCA), a reputable financial regulator, has issued a warning against it.One of the signs that SMARTMARKETTRADE is a fraudulent platform is that it does not reveal any details about its regulatory status. If a broker conceals such details, you must be aware that it may be a scam.While the platform claims to be based in the UK, it fails to seek authorization from the FCA. Consequently, the UK financial regulator warns that it is not licensed by them to provide financial services or products in this country. The full FCA warning can be accessed here.SMARTMARKETTRADE is a platform that investors should avoid at all costs. It poses high risks of scam and identity theft. There are no regulations to safeguard the interests of the clients and ensure the broker follows the standards of the industry. A safer option is to choose a broker that has a valid license from a reliable regulator.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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