SMI TRADE Review : Fees, Pros and Cons, Reviews by Real Traders

SMI TRADE

Operating status: SCAM

Website: https://www.smitrade.eu/

Broker violations and abnormal records

Nov 02, 2022 The UK FCA Added SMI TRADE into Its Warnings
On 3 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SMI TRADE may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/smi-trade

On 3 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that SMI TRADE may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/smi-trade
Jan 15, 2023 The Ontario OSC Added SMI TRADE into Its Warnings
On 16 Jan 2023, the Ontario Securities Commission (OSC) issued a warning that SMI TRADE is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/swiss-market-index

On 16 Jan 2023, the Ontario Securities Commission (OSC) issued a warning that SMI TRADE is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/swiss-market-index
Jan 18, 2023 BrokersView has Reviewed that SMI TRADE is an Unregulated Forex Broker
SMI TRADE claims to be a company authorized and regulated by the Financial Conduct Authority (FCA), but when we searched in FCA, we only found a warning against this broker issued by FCA for providing financial services or products in the UK without authorization.
What's more, the Ontario Securities Commission (OSC) also issued a warning that SMI TRADE is not registered in Ontario to engage in the business of trading in securities. The truth is that SMI TRADE is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

SMI TRADE claims to be a company authorized and regulated by the Financial Conduct Authority (FCA), but when we searched in FCA, we only found a warning against this broker issued by FCA for providing financial services or products in the UK without authorization.What's more, the Ontario Securities Commission (OSC) also issued a warning that SMI TRADE is not registered in Ontario to engage in the business of trading in securities. The truth is that SMI TRADE is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Sep 03, 2025 BrokersView has identified that SMI TRADE's website is currently offline
BrokersView found that the domain "https://www.smitrade.eu/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "https://www.smitrade.eu/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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