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Is Smart-Contract a Scam or Not? Detailed Smart-Contract Review, which is a must read before you trade with this Forex broker. Read all Smart-Contract pros and cons, full description of trading accounts, platforms, spreads, promotions.
Smart-Contract

Operating status: SCAM

Website: https://www.smartcontractlimited.com/index.html

Broker violations and abnormal records
  • 2021-04-12 BrokersView has reviewed that Smart Contract is an unregulated forex
    Smart Contract says that it is subject to the supervision by the National Futures Association (NFA) but we found that the broker is not an NFA member and not subject to NFA oversight.
    Smart Contract says that it is subject to the supervision by the National Futures Association (NFA) but we found that the broker is not an NFA member and not subject to NFA oversight.
  • 2021-08-12 BrokersView has found that Smart Contract is not working
    BrokersView found the domain https://www.smartcontractlimited.com/index.html is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker’s website is suspended.
    BrokersView found the domain https://www.smartcontractlimited.com/index.html is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker’s website is suspended.

Related Complaints

Q&A

Is Smart Contract regulated in the UK?

Abu Randawa
United Kingdom
2023-06-07
ANSWER Smart Contract is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.Smart Contract, whose website is currently inaccessible, used to claim to be regulated by the National Futures Association (NFA). However, no corresponding records exist in the NFA registry. Therefore, Smart Contract is unsupervised by the relevant regulatory body. Furthermore, this broker's website is down, which is another significant indicator of a scam. A properly functioning website is necessary for a broker to display essential information including licensing data and to facilitate trading. Therefore, the absence of a well-functioning website may suggest potential issues with a broker's reliability and resources. What's more, a lot of fraud cases show that scam brokers typically abscond with investors' funds after shutting down their websites.Regarding your question, Smart Contract is a non-regulated broker with significant risks including loss of funds and identity theft, as there are no rules in place to protect investors from fraud or theft. As such, we strongly suggest investors stay away from unlicensed brokers and choose fully regulated ones instead.
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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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