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

Here we will inform you if we consider the SmartCoin FX company to be safe or unreliable. Read our full analysis to get all the information!

We analyze the website, observe every detail and 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...

Below we will show you essential information about SmartCoin FX and we will tell you why we came to such a conclusion:

Basic Information

🏠Company *SmartCoin FX Group Ltd
🕑 Website ageWebsite registered on: December 19, 2022
Company typeCryptocurrency broker
📌Address​It does not mention its location
RegulatoryMentions being regulated in CySEC and VFSC
📈PlatformOwn platform
🌐 Websitesmartcointradefx.com
PhoneDoes not have

Company:
🚨 SmartCoin FX is owned by SmartCoin FX Group Ltd.

Location:

🚨 Although the company claims to be based in the United Kingdom, there are doubts about the veracity of this statement.

We can already tell you that we are concerned about several characteristics of this company.

What is SmartCoinFX?

After thoroughly examining the company's website, we can conclude that SmartCoin FX is actually a forex broker.

Account types

The company does not provide information about having different types of accounts.

Information on the web

smartcoinfx website

Here we show you a screenshot of the SmartCoin FX website, which is smartcointradefx.com. The capture was made in May '2024.

Contact: phone numbers and email

After having thoroughly examined the website:

📞 We have found the following phone number: It does not have one.

📧 We have found the following email: [email protected].

SmartCoin FX Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

(I.e. This company claims to be under Vanuatu regulation, a country known for its lack of effective regulation. This choice of location suggests a lack of protection for customers, as regulation in these types of jurisdictions is often insufficient. In short, relying on SmartCoin FX from a regulatory perspective is risky and unsafe.

In addition, the company says it is regulated in the United Kingdom, does not provide sufficient details to support this claim. Extreme caution is advised when considering investing with them. ❌

🚫 SmartCoin FX final valuation 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of SmartCoin FX and we have reached the following conclusions about this company:

Location: It mentions being located in a place considered safe such as the United Kingdom, but we believe that this is false information with which they try to deceive customers.

Regulatory: The claim of being regulated by an unsafe entity like Vanuatu does not offer sufficient guarantees in terms of security and reliability. Additionally, the company claims to be regulated in a country we consider safe, such as the United Kingdom, but we suspect this information is incorrect. This raises questions about the veracity of its regulation.

Please remember that the company has been denounced by different financial regulators (in this case the AMF, French Financial Authority). Use EXTREME CAUTION.

SmartCoin FX is actually a forex broker that poses numerous risks to investors. Although they claim to be located in the United Kingdom, there are serious doubts about the veracity of this information, suggesting an attempt to deceive customers. What is worrying is that, instead of being under reliable regulation, this company claims to be subject to the regulation of Vanuatu, a country known for its lack of effective regulatory measures. This choice of location is a red flag, as it suggests a lack of protection for customers, exposing them to significant financial risks. Relying on SmartCoin FX from a regulatory point of view is risky and unsafe.

Even more alarming is the fact that although the company also claims to be regulated in the UK, it does not provide adequate details to support this claim. This lack of transparency creates even more uncertainty about the legitimacy of their operations. Extreme caution is advised when considering investing with them as a lack of regulatory clarity could result in significant financial losses for clients. The absence of reliable and verifiable information about its regulation in the United Kingdom is reason enough to distrust this company.

It is crucial to note that SmartCoin FX has been reported by different financial regulators, such as the AMF (French Financial Authority). This series of allegations should alert investors to the risks associated with this company. Given such warnings and background information, it is imperative to exercise extreme caution and avoid any type of financial transaction with SmartCoin FX.

🚨🚨 In summary, our conclusion is that due to the reasons stated, this company does not offer seriousness or security. We recommend that you think carefully before sending funds to an entity with such characteristics. 🚨🚨

Updates

➡️News about SmartCoin FX:

Date Update – news
May 2024Complaint against SmartCoin FX from financial regulator AMF, French Financial Authority.

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”8921 ″]

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 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.

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.

FAQs

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.

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 trustworthy?

No. SmartCoin FX is not reliable, it is a very unsafe company: It mentions being located in the United Kingdom but it is false. It is regulated in a dangerous place like Vanuatu and lies with its other regulation in the United Kingdom.

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.

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.

2 comments on «SmartCoin FX: opinion and comments – Is it a scam?»

  1. Diego Albert Reply

    They want me to invest with them, but I don't want them to steal my money or rip me off. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello Diego Alberto, thank you for writing about SmartCoin FX. Currently, this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      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 fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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