✔️ Information reviewed and updated in May 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in Smartcoin FX. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Smartcoin FX and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitesmartcointradefx.com
🏠 CompanySmartCoin FX Group Ltd
RegulatoryCySEC
📧 Email[email protected]
📈 LeadingSmartcoin Fx
📌 Address70 Kyrillou Loukareos street, Kakos Premier Tower, 4156 Limassol, Cyprus

⚠️ Smartcoin FX is owned by SmartCoin FX Group Ltd, the company is located in Cyprus, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. ⚠️

Account types

Smartcoin FX does not offer different accounts to trade.

Information on the web

Smartcoinfx website

Smartcoin FX provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, asset calculator, live charts, really not much more than this.

List of phone numbers

At the moment we have not found phone numbers.

🚫 Final valuation of Smartcoin FX 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Smartcoin FX.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

News about Smartcoin FX:

Date Update – news
January 2023Complaint against Smartcoin FX from FMA.
September 2023Complaint against Smartcoin FX from FCA.

User Reviews

[democracy id = ”6335 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Smartcoin FX.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Smartcoin FX

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Smartcoin FX

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report Smartcoin FX?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Smartcoin FX a scam – is it a scam?

Yes. We believe that Smartcoin FX is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is Smartcoin FX trustworthy?

No. Smartcoin FX is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from Smartcoin FX?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to Smartcoin FX?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

4 comments on «Is SmartcoinFX a scam? Opinions of 2023»

    • Recommended-brokers.com Reply

      Hello Agus, thanks for writing about Smartcoin FX. This broker is considered a SCAM. The FCA (Financial Regulator of Great Britain) has put a notice on them, for lack of regulation and for misleading their clients (See FCA link).

      We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.

      If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.

      To get your money back, talk to our CHAT or fill out the Form at this link: CLAIM YOUR MONEY

      Greetings.

  1. david gomez Reply

    This company will not let you withdraw. They scammed my husband, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hi DavidGomez, thanks for writing about Smartcoin FX. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

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