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No Regulation

Score

0 1 2 3 4 5 6 7 8 9

/10

The WikiFX Score of this broker is reduced because of too many complaints!

SMFX

Belize | 5-10 years |

Suspicious Regulatory License | Suspicious Scope of Business | Belize Retail Forex License Revoked | High potential risk

https://smfx.com

Website

Open Account Time Machine

Rating Index

Contact

+44 203 769 2943

info@smfx.com

https://smfx.com

The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

FSC Revoked

Belize Retail Forex License

CYSEC Unverified

Cyprus STP

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Belize Retail Forex License Revoked

High potential risk

Warning: Low score, please stay away!

2025-11-10

It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region

Belize

Operating Period

5-10 years

Company Name

SMFX

Abbreviation

SMFX

Company employee

Customer Service Email Address

info@smfx.com

Contact Number

+44 203 769 2943

Company Website

https://smfx.com

A Visit to SMFX in Belize - No Office Found

LYL95127

Hong Kong

You can deposit but can't withdraw funds. The platform asks customers to pay confirmation fund on grounds of wrong bank card number. After that, it said customers should pay margin for abnormal data. Don't be cheated by the fraud!

Exposure

2020-11-26

小康康

Unverified

Hong Kong

Unable to withdraw because of wrong card number. There is a margin call. May be a fraud platform

Exposure

2020-09-14

FX9800264452

Unverified

Hong Kong

The company promised that I could profit and swindled me out of above ￥500,000. Don't fall into the trap!

Exposure

2020-08-24

神鸟

Unverified

Netherlands

Oops! Something went wrong with its website. I cannot open its official website. One of my friends recommended this one to me, but i found many people complained its slow withdrawals. I am not sure now, should I just go away or observe it for a longer period ?

Neutral

2022-11-24

FX9800264452

Unverified

Hong Kong

I entered a wrong number of the bank card and I have to pay a deposit of 20%. I can't withdraw without the security deposit. The customer service didn't let me withdraw no matter what I said.

Exposure

2020-08-22

平淡完美

Unverified

Hong Kong

This fraud gave no access to withdrawal for varied reasons, keeping asking for fund adding. Don’t believe it!

Exposure

2020-08-14

刘乔。

Unverified

Hong Kong

The fraud sent me a QR code and conned me to deposit 10000. Then the programmer asked us to placed orders. After 3 rounds of trading, we were asked to pay tax and risk fee. At that time, I realized that I had been cheated. 68054 was gone. I don’t know what should I do.

Exposure

2020-08-13

铁打的姑娘不锈钢

Unverified

Hong Kong

The platform gave no access to withdrawal and asked for fund with varied reasons.

Exposure

2020-07-22

FX1594507276

Unverified

Hong Kong

As a patform customer, I am required to pay more than personal income tax of over CNY 40,000 before withdrawal.

Exposure

2020-07-16

平淡完美

Unverified

Hong Kong

Don’t be cheated. This fraud gave no access to withdrawal!

Exposure

2020-07-16

FX3947306263

Unverified

Hong Kong

The service asked me to pay an individual tax before a withdrawal. I have deposited 70 thousand yuan.

Exposure

2020-07-16

Vicc

Unverified

Hong Kong

My account was 601823. I bought 50 lots on HSI on April 29th. After the market opened on May 4th, I made profits. Then they began to rip clients off. On the next morning, 9:16, SMFX didn’t open the market until 10:26. The candlestick appeared 70 minutes later. It banned my trading directly and shirked the responsibility on the liquidity provider. Until 16:00, SMFX allowed clients to close the position. What’s more perverse, my 8330.76 profit was withheld. At the same time, my profit on other platforms has been received. SMFX claimed that I had violated the trading rules directly, but the IP was inconsistent with mine. What it want is to rip clients off.

Exposure

2020-05-08

FX3792673861

Unverified

Hong Kong

Exposure platform: SMFX Product:Forex, index, precious medal and commodity Teacher: Different titles of the agent in SMFX Method: Through livestreaming room, group and one-to-one instruction I was invited into an exchange group by a stranger in October.In group, teachers released some stock news and views.There were 4 so-called experts take turns gave lessons in livestreaming room daily(analyzing the market,news,the bull stock and Zhida Tong)At first,I was skeptical about it.Then I found the market of stock recommended by teacher were upward.While the market was volatile since August. At this time,the teacher asked the customer service to give advice on position and fund. Then he advised us to do investment to do hedging and recommended SMFX , saying lots of advantages about the platform including T+0 trading rule and bilateral trading mechanism. And the leverage was 10 times, which meant you could acquire 100000 RMB as long as you deposited 10000 RMB. He asked us to withdraw the fund of stock investment to recover the loss. During the trading, he urged us to add fund continuously. In the end of November, I have made a loss of over 300000 RMB.

Exposure

2019-12-19

Account

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