Smart Limited Group has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Etal Dunet. We’ve received over 6 complaints against Smart Limited Group.
Smart Limited Group, although advertising itself as an award-winning broker, lacks key regulatory information and transparency. It is not a legitimate broker, and financial regulators such as CONSOB have issued warnings. Investing with registered brokers such as CySEC or FCA guarantees increased security. Smart Limited Group’s reliance on bitcoin deposits and significant leverage raise red flags. Choose regulated and transparent brokers for your investments.
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 Smart Limited Group Regulated? Do They Have a License?
Smart Limited Group markets itself as an award-winning forex and CFD broker that promises investors dependability and peace of mind. However, even a simple fact check suggests that investing in Smart Limited Group would be a bad idea. In this analysis, we’ll look at why Smart Limited Group isn’t a legitimate broker and recommend more reliable options for your assets.
A visit to the Smart Limited Group website instantly exposes a lack of critical information about the organization. There is no indication of a regulatory license, a corporate contact address, or other thorough legal documentation—only a generic Privacy Policy with no information regarding the legal organization or country.
Licensed financial service providers must give extensive information about their regulatory status, ownership, and legal documents. This transparency is lacking in Smart Limited Group, making it impossible to confirm its credibility. In fact, the Italian financial authority CONSOB has issued a warning to Smart Limited Group, claiming that it is not a legitimate financial services provider.
Investing through regulated intermediaries is critical to protecting your money. Regulated brokers, such as the Cyprus Securities and Exchange Commission (CySEC) and the UK’s Financial Conduct Authority (FCA), provide a variety of guarantees, including negative balance protection and fund security up to EUR 20,000 in the EU and GBP 85,000 in the UK. These brokers are also required to separate customer cash from operating funds, which improves security and transparency.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Smart Limited Group 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 Smart Limited Group, 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 Smart Limited Group
Smart Limited Group markets its proprietary trading platform as creative and user-friendly. However, once registered, customers receive access to a rudimentary online platform with limited advanced functionality and customization choices. Many unscrupulous brokers use this site to trick investors into believing their transactions are profitable.
Established trading platforms, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), provide a wide range of features, including advanced tools, automated trading, and customized indicators. These systems have become industry standards for their dependability and feature-rich environments.
Smart Limited Group needs a minimum deposit of EUR 250, which is consistent with industry standards. However, experienced and regulated brokers frequently have lower entry requirements, making them more accessible to beginner investors. For the same deposit, you can open an account with reputed brokers who offer more security and transparency.
Smart Limited Group accepts solely bitcoin deposits. While some respectable brokers take digital currencies, they usually include alternative transparent payment options like as credit/debit cards, bank transfers, and e-wallets (for example, PayPal, Neteller, Skrill). Smart Limited Group’s exclusive usage of cryptocurrency raises red flags because it provides for anonymity and makes it harder for deceived investors to get reimbursements.
Smart Limited Group promises to provide a diverse selection of trading products, such as currencies, equities, indices, cryptocurrencies, and commodities. Despite the allegedly extensive offering, there is no reason to believe this transaction is legitimate. Licensed brokers offer real trading environments, guaranteeing that your investments are safe and transparent.
Smart Limited Group provides a high leverage of 1:100 across asset classes. Due to the risk of extreme losses, retail traders using regulated brokers do not typically have access to such high leverage. Only professional clients, who trade at their own risk, can obtain such high leverage levels. If you’re ready to take the chance, consider hiring an overseas affiliate of a well-known company instead.
Another point of worry for Smart Limited Group is the lack of explicit withdrawal terms. Without sufficient legal documents, the particular conditions for withdrawals are unknown. To deter withdrawals, dishonest brokers typically demand high fees and impossible-to-meet trading volume criteria.
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.
Smart Limited Group 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.
Smart Limited Group 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 Smart Limited Group 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 Smart Limited Group 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 Smart Limited Group, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Smart Limited Group enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Smart Limited Group reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Smart Limited Group.
You should always look out for consumer complaints. In the case of Smart Limited Group, 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 Smart Limited Group? You can share your complaint in the comment section or submit an anonymous tip.
Is Smart Limited Group Legit Or a Scam?
Smart Limited Group 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 Smart Limited Group 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 Smart Limited Group?
Finally, Smart Limited Group fails to meet the requirements of a reputable forex broker. The absence of regulation, transparency, and sufficient legal documents are major warning flags. Rather than putting your savings at risk with such an anonymous and doubtful business, choose licensed and well-regulated brokers. These brokers provide greater security, transparency, and dependability for your trading activity.
Choosing a trustworthy broker is critical for both profitable and security trading. To secure the safety of your investments, always choose brokers who are regulated by respectable agencies.
All the evidence suggests that Smart Limited Group 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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Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
