Smart Trade Group Broker Review

Smart Trade Group Detailed Review

Smart Trade Group is an online trading brokerage from an offshore country established earlier this year. Like many others, it doesn’t have financial regulation, which makes it a potential fraud.

Let’s dive into the Smart Trade Group review and check everything about the company.

Broker status:Offshore Broker
Regulated by:Unlicensed brokerage
Scammers Websites:https://smart-trade-group.com/
Blacklisted as a Scam by:No Information
Owned by:Lencher ExPro LLC
Headquarters Country:Saint Vincent and the Grenadines
Foundation year:2021
Supported Platforms:MT4
Minimum Deposit:$250
Cryptocurrencies:Available – BTC, ETH, XRP – total 34
Types of Assets:FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage:N/A
Free Demo Account:Yes
Accepts US clients:No

Smart Trade Group Regulations and Security

As mentioned, the Smart Trade Group broker has been established offshore in Saint Vincent and the Grenadines. The company belongs to Lencher ExPro LLC and claims to have an FSA regulation. However, FSA clearly listed that they do not provide regulations, only registration. For legally providing financial services, a company should opt for the regulation in the country of service. After careful examination of FCA, ASIC, BaFin, and a couple of other Tier1 regulators, we determined that this brokerage company is not regulated.

Beware of this since you have no guarantees for your money!

Fund Withdrawal Issues With Smart Trade Group

According to Smart Trade Group reviews on Trustpilot and other reputable websites, this broker doesn’t allow clients to withdraw their funds. Once you want to invest, you will be more than welcome to start with the minimum deposit of $250, and broker’s employees will assist you via phone, chat, email, anything you want. However, if you wish for a payout and want your profit to be in your bank, this is where the issue occurs. Suddenly, employees will become unavailable, your account manager will be too busy, and your withdrawal request will never be processed.

If you experience something similar, please let us know.

Traders About Smart Trade Group Scam

Besides withdrawals, clients are experiencing issues during their trading process as well. The broker is sending links to clients to download AnyDesk, access to their bank accounts, wallets, PayPal, and any place where you might hold your funds. Of course, none of them are pleased with such treatment.

Stay away from the Smart Trade Group scam and avoid similar brokers such as CFreserve, Global GT and AceTradeOptions.

How To Know If You Have Been Scammed Online?

If you cannot withdraw your funds, your account access is suspended, or your broker wants to access your device via AnyDesk or a similar app, you’re being scammed. Also, if you notice that you get no answer to your questions, that your account manager is not calling as often, or nobody is responding to you, it could be a sign of a scam. Nowadays, scammers are technically advanced, but you can still prevent them from accessing your computer and your trading account.

If you notice any irregularities, let us know immediately.

Scammed by Smart Trade Group?

If you were scammed by Smart Trade Group or a similar broker, let us know. Our support department will book a free consultation with your chargeback specialist. 

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the funds from the merchant if you can prove that you have been scammed. Let us know what happens and our experts will find a tailor-made solution for you. Get your money back before it’s too late!

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How can we help?

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What is a Smart Trade Group?

According to our research, this is an online trading brokerage without financial regulation.

Is Smart Trade Group a scam broker?

Yes, this is an online trading brokerage reportedly conducting a scam and not allowing withdrawals.

Is Smart Trade Group regulated?

No, this is not regulated brokerage firm and provides financial services illegally. You will not be able to withdraw funds!

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin62,369 0.30 % 2.07 % 13.99 %
Ethereum3,355.6 0.65 % 3.52 % 26.76 %
Binance Coin481.27 0.33 % 2.90 % 19.03 %
Tether1.010 0.26 % 0.35 % 0.42 %
Cardano2.130 0.15 % 1.57 % 3.04 %
XRP1.090 0.27 % 2.92 % 4.11 %
Solana158.13 0.96 % 1.47 % 7.06 %
Polkadot40.89 0.31 % 1.39 % 19.07 %
Dogecoin0.2580 1.17 % 8.69 % 12.54 %
USD Coin1.000 0.37 % 0.04 % 0.36 %

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