Smart Markets Review

About Smart Markets

Smart Markets operates via the domain smartmarkets.fm and claims locations in offshore jurisdictions such as St. Vincent and the Grenadines and the Marshall Islands; however, there is no record of regulation from recognized authorities, and it is not listed in the registers of either jurisdiction’s financial services authorities (). The British Columbia Securities Commission (BCSC) placed Smart Markets on its investment caution list on March 17, 2023, noting that the broker is not registered to trade in or advise on securities or derivatives in British Columbia (). Multiple independent checks confirm that Smart Markets holds no valid licenses from major regulatory bodies such as the UK FCA, ASIC, CySEC, or US SEC/CFTC (). Consequently, Smart Markets offers trading in asset classes such as Forex, cryptocurrencies, commodities, stocks, metals, and indices, but without any regulatory oversight or client fund protections such as segregation, deposit insurance, negative balance protection, or oversight ().

Pros and cons

Pros

• Offers access to a diverse range of asset classes including Forex, cryptocurrencies, commodities, stocks, metals, and indices ().

Cons

• Unregulated by any recognized financial authority; no listing in registration databases in claimed jurisdictions ().
• Flagged by BCSC for being unauthorized to trade or advise in securities/derivatives in British Columbia as of March 17, 2023 ().
• No safeguards for client funds—no segregation, no negative balance protection, no compensation schemes ().
• Conflict in claimed corporate registration locations (St. Vincent and the Grenadines vs. Marshall Islands), undermining transparency ().