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• Our Review Method

• Is 247SmartFx Scam or Legit Broker?

• What is 247SmartFx?

• 247SmartFx Review Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding 247SmartFx due to the issues we've identified.

Is 247SmartFx Scam or Legit Broker? ▲

Engaging in trading activities with 247SmartFx poses significant risks to investors. This brokerage, operated by Game Capital Ads Limited, alleges to have its foundations in Frankfurt am Main, Germany, yet, fails to disclose any pertinent regulatory affiliations. In Germany, the local financial regulatory authority, BaFin, mandates brokers to acquire licenses to ensure investor protection and operational integrity. The absence of such critical regulatory information casts a shadow of doubt on the legitimacy of 247SmartFx, making it unsafe for trading pursuits.

What is 247SmartFx? ▲

247SmartFx purports to be at the forefront of global financial trading, courtesy of Game Capital Ads Limited. The firm claims to have been addressing the trading demands of its clientele with superior-quality services since its inception in 2013. Despite asserting a presence in Frankfurt and providing a contact number with a British country code, the broker's claim of holding a license from the British Financial Conduct Authority (FCA) under the reference number 723385 is misleading. This number instead corresponds to www.smartfixuk.com, highlighting 247SmartFx's status as a potential clone firm. Such entities mimic the details of legitimate firms, deceiving investors into believing they are dealing with the genuine or affiliated company. Further compounding the concerns, 247SmartFx has been flagged by the Cyprus Securities and Exchange Commission (CySEC), which warns that the broker operates without the necessary authorization for investment services.

247SmartFx Review Conclusion ▲

For those contemplating investment opportunities with 247SmartFx, caution is strongly advised. The broker's evident lack of regulatory transparency, questionable trading conditions, and elusive contact information are glaring red flags indicative of potential investment scams. Engaging with such entities exposes traders to unnecessary risks. Instead, individuals should seek out and engage with brokers that are subject to stringent regulatory oversight by reputable authorities, such as those in the UK or Australia.

247SmartFx Update

It has come to our attention that the 247SmartFx website is currently inactive and inaccessible, suggesting that the broker may have ceased its trading services. Despite this development, traders are urged to remain vigilant, especially if approached with trading proposals purportedly from or associated with 247SmartFx. The cessation of the website does not negate the previous concerns raised, and as such, caution should still be exercised.