Smart Global is an online financial service provider that offers its clients trading services in foreign exchange, precious metals, crude oil, and indices. However, there are inconsistencies in its registration information and regulatory details. The company claims to be registered in New York, but verification through the New York State Department of Business failed. Moreover, Smart Global's official website lacks many key pieces of information, such as details of trading products, deposit and withdrawal processes, etc., showing a lack of transparency. The company's official website is https://smartglobally.com/en/platform, currently offering versions in English, Traditional Chinese, Japanese, German, French, and several other languages.
Background of Smart Global:
The domain name of Smart Global was registered on January 25, 2024. The official website claims the company's registration address is at 40 E 7th St, New York, NY 10003, USA. However, we could not find Smart Global's registration information in the New York State Department of State, which indicates the company may be engaged in false advertising. It is recommended that traders conduct further investigation and verification before making any decisions, to ensure they can obtain accurate company information and reduce potential risks.
Regulatory Information of Smart Global:
In terms of regulatory information, Smart Global claims to have a license from the US National Futures Association (NFA), with license number 0561418, but in reality, Smart Global is not an NFA member and is not regulated by the NFA, making this claim untrue. On the contrary, Smart Global holds a license from the US Money Services Business (MSB), with license number 31000263262302. Although this information is true, the registered address does not match the address displayed on the website. These inconsistencies also indicate that Smart Global's security and reliability are lower.
Account Opening Process at Smart Global:
Smart Global offers a registration service. Traders can complete registration by clicking the registration button on the top right corner of the official website homepage and filling in basic information.
Trading Products at Smart Global:
Smart Global provides a variety of trading services, including forex, precious metals, crude oil, indices, and cryptocurrencies. Although Smart Global mentions these products alongside some specific currency pairs, precious metals, crude oil, indices, and cryptocurrencies, the official website does not provide specific pages to introduce these products in detail. This may make it difficult for potential investors to obtain detailed information about each product, and it is recommended to carefully understand the characteristics and related risks of each trading product before making a decision.
Trading Platform of Smart Global:
Smart Global provides the ST5 trading platform as a tool for trading operations. This platform allows investors to trade in forex, precious metals, crude oil, indices, and cryptocurrencies, among others. However, Smart Global does not provide a detailed introduction to this trading platform.
ST5 refers to the ST5 Trading Platform, which is a platform for trading Forex and Contracts for Difference (CFDs). ST5 allows traders to execute trades in a variety of assets on the same platform, including forex, stocks, indices, etc.
Please note, the specific ST5 may be provided by different companies or brokers, and the specific features and characteristics may vary. If you are considering using the ST5 platform for trading, it is advised to consult the official materials of relevant companies or brokers for detailed information.
Deposit and Withdrawal Process at Smart Global:
Smart Global's official website does not provide information on the deposit and withdrawal process. Investors should carefully consider the platform's security before trading.
Customer Support at Smart Global:
Smart Global offers limited communication options, only providing customer support through email (support@smartglobally.com).
Summary:
Smart Global claims to provide diversified financial services, including trading in forex and precious metals. However, an inspection of its registration information didn't find any relevant record in the New York State Department of State, creating an impression that the company might have issues. Regarding regulatory information, the company claims to hold an NFA license, but actually holds an MSB license. The discrepancy between the registered address and the address shown on the website raises serious concerns about the company's compliance, adding investment risks. Although it claims to offer diversified services, the official website does not provide detailed product information, lacking transparency, increasing uncertainty and risk for investors. Communication options are limited to email support, lacking direct communication channels, which may make it difficult for investors to quickly obtain answers when facing problems. Overall, the information provided by Smart Global is insufficient to build investors' trust, and the company has multiple issues. Investors should be highly vigilant and make cautious decisions when considering using this platform. Currently, Smart Global is labeled with "Suspected Fraud" on Traderknows.
