Smart Markets

Smart Markets, operated by Rosherville Investments Pty Ltd, is a financial services entity registered in Australia. The company was founded on 22 July 2019 and presents itself as a global investment firm with offices in Sydney, Monaco, London, Hong Kong, and Perth. According to its own marketing, it positions itself as a growth-focused, research-driven portfolio manager catering to a range of investors.

However, the Australian Securities and Investments Commission (ASIC) has issued a warning classifying Smart Markets as a 'Suspicious Clone' of a licensed entity, specifically SIRIUS FINANCIAL MARKETS PTY LTD. This indicates that the firm is not the legitimate licensed entity and may be operating without appropriate authorisation. The company does not hold an Australian Financial Services (AFS) licence, and ASIC advises caution when dealing with such entities.

Smart Markets is not a licensed financial services provider in Australia. The only regulatory mention on record is an ASIC entry that lists the company as a suspicious clone. This means that while ASIC has identified the entity, it has not granted it a licence to operate. The legitimate firm that Smart Markets is suspected of cloning is SIRIUS FINANCIAL MARKETS PTY LTD, which holds an AFS licence.

For traders, the absence of a valid licence from a reputable regulator such as ASIC is a significant red flag. Cloned entities often mimic the branding and claims of legitimate firms to attract unsuspecting clients. Without regulatory oversight, there is no guarantee of client fund protection, dispute resolution, or compliance with financial standards.

FXCanary's Scam Risk Score for Smart Markets is 38 out of 100, categorised as 'Guarded'. This score reflects the high degree of uncertainty surrounding the broker's regulatory status and legitimacy. The ASIC warning alone places the broker in a high-risk category for potential misconduct or fraud.

There are no independent or verified user reviews available for Smart Markets, which further limits the ability to assess its operational history or client experiences. The lack of public feedback combined with the regulatory red flags suggests that traders should exercise extreme caution and conduct thorough due diligence before engaging with this entity.

Based on its marketing materials, Smart Markets appears to target both retail and institutional investors seeking portfolio management services. Its claims of a research-driven approach and global presence may appeal to those looking for active investment strategies.

However, given the regulatory concerns, the broker is likely unsuitable for risk-averse traders, particularly those who prioritise fund safety and regulatory protection. The target audience should be primarily sophisticated investors who understand the risks of dealing with an unlicensed and potentially fraudulent entity.