About Smart-Trades
Company Overview
Smart-Trades is a forex broker based in Cyprus, registered on March 16, 2021. The broker operates under the domain smart-trades.net. As a Cyprus-registered entity, it falls under the jurisdiction of the Cyprus Securities and Exchange Commission (CySEC). The company's relatively recent establishment places it among the newer participants in the forex brokerage industry.
Regulatory Status
Smart-Trades holds a CySEC Forex Execution License (STP), which is a common license for forex brokers operating in the European Union. However, the status of this license is not indicated in our records, which may imply it is currently inactive or has been revoked. CySEC is a reputable regulator, but a blank status raises questions about the broker's current compliance. Traders are advised to verify the license status directly on the CySEC public register before engaging with the broker.
Risk Assessment
FXCanary's Scam Risk Score for Smart-Trades is 41 out of 100, categorized as 'Guarded'. This score suggests that while there are no immediate red flags, the lack of clear regulatory status and limited public information warrant caution. The broker may not be suitable for traders who prioritize full regulatory transparency and a proven track record. The guarded score indicates that potential risks exist, but they are not definitive.
Target Audience
Given its CySEC regulation, Smart-Trades likely targets retail forex traders within the European Economic Area. However, without specific information on account types, minimum deposits, or leverage offerings, the exact target audience remains unclear. The broker may also cater to international clients, but this is not confirmed. Traders interested in this broker should seek detailed information directly from the company.
Further Information
As of our review, no additional details are available regarding trading platforms, instruments, customer support, or funding methods. The absence of this information is a significant limitation for potential clients. FXCanary recommends that traders conduct thorough due diligence and request documentation from Smart-Trades before opening an account. The broker's official website at smart-trades.net may provide further updates.
Overview compiled by FXCanary from regulatory records and public data. full Smart-Trades review