Smart Trade is a thorough scam for two main reasons. Firstly, Smart Trade presents neither details of its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

Besides, Smart Trade shows two office addresses in Buenos Aires, Argentina, and Santiago, Chile. As per the information we hold, none of the above countries or regions has authorities that issue licenses for forex brokers or regulates entities offering forex services. That means Smart Trade is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.