SMART FX ECN is an unlicensed forex broker.
SMART FX ECN presents itself as a trustworthy and reputable forex broker that offers attractive deals and multiple measures to secure its clients' funds. However, all of these claims are baseless as there is no solid evidence to back them up. SMART FX ECN doesn't provide any regulatory information and there is no official data suggesting that it is legally registered and licensed in forex trading. Without regulatory oversight, there are no safeguards to ensure its regulatory compliance and thus its customers are exposed to fraud and identity theft.
Furthermore, the website of SMART FX ECN lacks legal documents and details about its operator including the company's name, address, and phone number. The social media accounts it provides are invalid and it seems that investors are only left with an email address to contact them. This is very risky as the email address can be easily faked and changed. If this broker goes out of business or disappears, customers will have no recourse to recover their funds.
Therefore, BrokersView strongly suggests investors stay away from unlicensed platform SMART FX ECN. Entrusting this broker with funds and personal information could be financially and personally devastating. It is advisable to opt for a fully regulated broker instead.
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