Smart Direct Broker: customer reviews about the company in 2023
Reviews of Smart Direct Broker in 2023
Collaboration with Smart Direct Broker in 2023 remains questionable. Despite claiming to have been in operation since 2002 and possessing all necessary brokerage licenses, reviews about the company are just beginning to emerge. An independent review will allow for an honest opinion based on an examination of trading conditions and real client feedback.
Key Information about Smart Direct Broker
The Smart Direct Broker platform, claiming to have been operating since 2002, only began its activities at the end of August 2022. It positions itself as a broker belonging to the Broker Direct PLC group from the United Kingdom. While Broker Direct PLC does exist, it does not have the most favorable reputation among clients requiring FCA intervention.
Smart Direct Broker fails to provide clients with quality support, having only one contact email. According to reviews, the company uses SIM cards for calls and then ignores clients who are no longer of interest to them.
Legal Information
Smart Direct Broker states its official registration in the United Kingdom but does not provide documentary evidence. The certificate numbers for incorporation and license are FRN 307607 and REGISTER COMPANY NUMBER: 02958427, respectively. However, a check revealed that Broker Direct PLC is registered under these numbers, not Smart Direct Broker.
Broker Direct PLC is indeed registered with a certificate of incorporation since 1994. Unlike Smart Direct Broker, it operates officially but not flawlessly.
Trading Conditions of Smart Direct Broker
Smart Direct Broker offers various tariff plans with different deposit amounts, bonuses, and trading conditions. However, the FCA’s leverage restriction of 1:30 is not adhered to – the offered leverage of up to 200x confirms doubts about the British registration.
- Minimum deposit – from 250 to 100,000 dollars.
- Welcome bonuses – from 50 to 150%.
- Spreads – from 0.7 points.
- Leverage – up to 200x (contrary to FCA requirements).
Clients complain about the lack of information on payment methods, commissions, and withdrawal procedures. The contract allows for unilateral changes in cooperation terms, which causes dissatisfaction among traders.
Client Reviews
The initial reviews of Smart Direct Broker in 2023 speak of disappointment and financial fraud. Investors note that the company does not fulfill its promises, and the offered bonuses and trading conditions turn out to be deceitful.
Fraud Mechanism
Smart Direct Broker attracts clients with generous bonuses but conceals the onerous conditions for their fulfillment. Meeting these requirements is nearly impossible, making fund withdrawals impossible. When contacting support, clients encounter indifference and fake contacts.
Conclusion
Companies like Smart Direct Broker typically close after accumulating a large number of negative reviews. However, until that point, they manage to harm many clients. It is important to avoid financial traps and carefully choose a broker.