Smartyieldcorp is a CFD broker whose official website domain was registered on December 3, 2023. This broker primarily offers investment services to investors in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services in countries and regions where it might violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on the official website (www.smartyieldcorp.com), Smartyieldcorp was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). The company also claims to be authorized by American Financial Group, Inc and regulated by the Vanuatu Financial Services Commission (VFSC).
Upon verification, neither the Australian Securities and Investments Commission (ASIC) nor the Vanuatu Financial Services Commission (VFSC) lists a company named "Smartyieldcorp" as regulated. Additionally, American Financial Group, Inc, a U.S. financial services holding company based in Cincinnati, Ohio, primarily engaged in insurance and investments, has no actual relationship with Smartyieldcorp.
Therefore, Smartyieldcorp (www.smartyieldcorp.com) is essentially a scam broker website with no legal entity or regulatory oversight.
Account Opening Process
The account opening process for a Smartyieldcorp trading account: Visit the broker's official website, click on "Register" on the homepage or the top right corner of the webpage, then click "Sign Up" on the redirected page to access the account registration page. Fill in personal information such as name and email as required, set a login password, and submit your details. The account can be successfully registered upon verification.
Trading Instruments
Smartyieldcorp offers its clients a variety of trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, renowned for its high liquidity, enabling traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can discover diverse trading opportunities and leverage to amplify potential returns.
- Commodities: Commodity trading covers key resources on the global market, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations and dividends based on company performance, without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Smartyieldcorp offers four different types of investment plans: BRONZE ACCOUNT, SILVER ACCOUNT, GOLD, and PLATINUM.
BRONZE ACCOUNT:
- Minimum deposit: $1,500
- Maximum expected profit: $6,000
- Trader education*
- Risk management
- Tax-free spread trading profits
SILVER ACCOUNT:
- Minimum deposit: $5,000
- Maximum expected profit: $15,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
GOLD:
- Minimum deposit: $50,000
- Minimum expected profit: $100,000
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
PLATINUM:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
Smartyieldcorp provides users with a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds and over 12,000 orders executed per second, supported by extensive liquidity providers.
Deposits and Withdrawals
Smartyieldcorp only supports deposits and withdrawals via cryptocurrencies.
Conclusion
Traderknows reminds investors that Smartyieldcorp is a scam broker that lures investors with promises of high returns. In reality, this site has no corporate entity or any regulatory oversight. Investors are advised to choose brokers that are transparent, strongly regulated, and reputable to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
