No, Smart Pips is not legally registered and lacks proper regulation.
Smart Pips conceals information about its operator and only provides an address "Wenlock Road 20-22 N1 7GU London", which is, in fact, the physical address of Companies Made Simple, a company that offers online solutions to startup and small business communities. This address is shared by Companies Made Simple to help their customers file their confirmation statements. Therefore, investors are not even able to find where Smart Pips really is.
Furthermore, Smart Pips lists a phone number on its website that seems to be from the US. Its domain "smartpips.live" was first registered in August 2023, but its website claims that it has been in business for five years. These discrepancies raise a red flag.
It is crucial to note that Smart Pips is not included in the register of UK's Financial Conduct Authority (FCA) or the BASIC of US' National Futures Association (NFA). This means it is not authorized by governing bodies to operates as a forex broker.
As a result, BrokersView strongly suggests investors steer clear of Smart Pips. It is a fraudulent platform designed to defraud traders. Individuals engaging with this platform are exposed to fraud and identity theft and cannot get any protection. To avoid such risks, it is advisable to choose a fully regulated broker instead.
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