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SmartBitOption

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Operating status: SCAM

Website: https://smartbitoptions.online/

Broker violations and abnormal records
  • 2023-06-11 The US CFTC adds SmartBitOption to its RED List

    On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added SmartBitOption to its RED List for illegal operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23

    On June 12, 2023, the US Commodity Futures Trading Commission (CFTC) added SmartBitOption to its RED List for illegal operations: https://www.cftc.gov/PressRoom/PressReleases/8716-23
  • 2023-06-14 BrokersView has reviewed that SmartBitOption is an unregulated broker

    SmartBitOption claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied in a press released by the CFTC. This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the registers of the aforementioned authorities found no matching records either.

    In essence, SmartBitOption is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    SmartBitOption claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied in a press released by the CFTC. This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the registers of the aforementioned authorities found no matching records either.In essence, SmartBitOption is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Is scalping allowed in SmartBitOption?

Hauptman
Cambodia
2023-08-02
ANSWER SmartBitOption is an unlicensed broker that we strongly advise against trading with, despite the seeming attractive deals it offers.SmartBitOption claims to be regulated by the US Commodity and Futures Trading Commission (CFTC), which is denied in a press released by the CFTC. You can find more information here.This broker also purports to be regulated by the Belize Financial Services Commission (Belize FSC) and the Cyprus Securities and Exchange Commission (CySEC), but our search for it in the registers of the aforementioned authorities found no matching records either, sugggesting that it is operating outside the regulatory framework.Due to its unlicensed status, SmartBitOption comes with significant risks, such as financial losses and identity theft. Therefore, we strongly suggest investors avoid unlicensed brokers like SmartBitOption to mitigate such risks, and instead opt for a fully regulated one.
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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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