Accurate Smart Trader has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to DovVezia. We’ve received over 5 complaints against Accurate Smart Trader.
Accurate Smart Trader is a deceptive and unregulated platform presenting as a reputable FX broker. It lacks the necessary licensing, dependable trading software, and secure payment methods. It requires large minimum deposits and engages in questionable tactics like as high leverage and cryptocurrency-only payments. Choose regulated brokers who operate transparently and offer strong protections.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Accurate Smart Trader Regulated? Do They Have a License?
Accurate Smart Trader is a false moniker for a website that fails to live up to its promises. Despite its claims to be a “trusted, regulated, and award-winning forex broker,” this platform raises multiple red flags for people without prior financial trading expertise and education. This post will look at why Accurate Smart Trader may not be a reliable option and recommend reputable alternatives for choosing a broker.
Accurate Smart Trader claims to be situated in the United States, a country with strict regulatory standards for forex brokers. However, the website and its Terms and Conditions make no reference of a corporate name and instead cite an offshore nation, Seychelles, as the applicable legal framework. This is a huge red flag because legitimate brokers disclose detailed information about their legal companies, licenses, and regulatory oversight.
Unlike Accurate Smart Trader, which lacks guaranteed money, segregated accounts, and negative balance protection, registered brokers in the United Kingdom, the European Union, Australia, and the United States offer important protections. UK brokers guarantee up to £85,000, EU brokers up to €20,000, and both areas need segregation of accounts and negative balance protection.
Australian brokers likewise segregate money and provide negative balance protection, whereas US brokers provide same safeguards but do not guarantee funds. Furthermore, Accurate Smart Trader is not registered with any financial regulatory bodies in the United States or Seychelles, indicating a lack of legal permission.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Accurate Smart Trader might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Accurate Smart Trader, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Accurate Smart Trader
Accurate Smart Trader gives users access to an online platform that lacks basic functionality and appears to be a hybrid of binary options and FX trading software. It is a poor replica of a legitimate trading platform, lacking advanced tools, auto trading, custom indicators, and mobile versions, all of which are required for successful trading.
Established systems, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), provide a variety of capabilities, including customization choices, multiple account usage, automated trading scripts, and strategy backtesting. These systems are industry standards for good reason, and they are used by trustworthy brokers.
Accurate Smart Trader requires a $500 minimum deposit, which is much higher than the industry standard. Many prominent brokers have significantly lower minimum deposits, making them more accessible to beginning traders. For example, FP Markets wants $100, XM requires only $5, and HFM has no minimum deposit, which contrasts significantly with Accurate Smart Trader’s high requirement.
Accurate Smart Trader only takes cryptocurrency deposits, a frequent practice among problematic platforms. Cryptocurrencies offer a level of anonymity and prohibit victims from obtaining refunds.
However, legitimate brokers provide a range of transparent payment options, including as credit/debit cards, bank transfers, and popular e-wallets such as PayPal, Neteller, and Skrill. While Accurate Smart Trader limits clients to crypto payments that may incur significant fees, licensed brokers provide immediate and cost-effective solutions such as free credit card transactions, quick e-wallet services, and normal bank transfers with affordable rates.
Accurate Despite its promises, Smart Trader does not allow trading in currencies, equities, indices, cryptocurrencies, or commodities. In contrast, respectable brokers such as FP Markets, XM, and HFM provide a complete choice of trading instruments, allowing clients to trade several assets easily.
The spreads advertised by Accurate Smart Trader are significantly higher than the industry average, which disadvantages the customer. For example, although Accurate Smart Trader has a spread of 3.3 pips for EUR/USD, respectable brokers such as FP Markets and HFM have considerably lower spreads of 1.0 to 1.2 pips, resulting in a more affordable trading experience.
Accurate Smart Trader provides leverage up to 1:5000, greatly above the regulatory restrictions. High leverage raises the chance of severe losses. Legitimate brokers follow stringent leverage limitations set by regulations. The maximum leverage allowed for retail traders is 1:30 in the EU, UK, and Australia, and 1:50 in the US. This regulated leverage helps traders avoid taking on too much risk, in contrast to Accurate Smart Trader’s dangerous leverage levels.
Accurate Smart Trader provides bonuses that are prohibited by regulators. Such prizes frequently come with onerous stipulations intended to snare victims.
Unfavorable terms are accurate. Smart Trader enforces hefty withdrawal minimums and costs, particularly for bank transfers. These terms are common on less dependable sites, while legitimate brokers do not impose such limits. For example, regulated brokers typically do not have trading volume limitations or expensive withdrawal fees, ensuring that consumers have easy access to their assets.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Accurate Smart Trader Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Accurate Smart Trader Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Accurate Smart Trader might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Accurate Smart Trader reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Accurate Smart Trader, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Accurate Smart Trader enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Accurate Smart Trader reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Accurate Smart Trader.
You should always look out for consumer complaints. In the case of Accurate Smart Trader, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Accurate Smart Trader? You can share your complaint in the comment section or submit an anonymous tip.
Is Accurate Smart Trader Legit Or a Scam?
Accurate. Smart Trader appears to be an untrustworthy platform, as it lacks sufficient regulation, credible trading software, and clear payment methods. It requires large minimum investments and provides ridiculous leverage and bonuses.
Choose a regulated broker who gives clear legal information, powerful trading platforms, and a variety of secure payment options to provide a safe trading environment.
Accurate Smart Trader is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Accurate Smart Trader can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Accurate Smart Trader?
Numerous red flags are raised by Accurate Smart Trader, including anonymity, misleading claims of regulation, forged legal documents, and fraudulent trading software. It exclusively accepts cryptocurrencies, making it a dangerous and untrustworthy option. In contrast, legitimate brokers give clear regulatory information, powerful trading platforms, and secure, diverse payment alternatives.
All the evidence suggests that Accurate Smart Trader might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
