SMTT Markets Pty Ltd is a forex brokerage firm registered in Australia on February 8, 2024. It mainly offers traders services in forex, stocks, futures, energy, precious metals, cryptocurrencies, and other financial derivatives. The broker does not provide services to jurisdictions where it would violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to information publicly available on the official website of SMTT Markets Pty Ltd, the company's headquarters are located in Australia, authorized and regulated by the Australian Securities and Investments Commission (ASIC) with a license number of 488828. In addition, the broker is registered with the United States National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the US, holding an NFA ID of 0561418. However, the broker's webpage also indicates it has an end-service authorization representative registered with ASIC, under license number 001307977.
Upon verification, the official ASIC website shows that the ACN registration number of SMTT Markets Pty Ltd is 674 844 118, and it was authorized by the financial services company OSCAR OLIVER CAPITAL LTD on February 12, 2024, with an authorization number of 001307977. However, the ASIC website reveals that the entity holding the license number 488828 is STAR FUNDS MANAGEMENT PTY LTD, which has no affiliation with SMTT Markets Pty Ltd.
Furthermore, the official website of the National Futures Association (NFA) shows that the entity registered under the number 0561418 is SMART GLOBAL, which is an unregulated non-member unit. The Financial Crimes Enforcement Network (FinCEN) in the US does not have a registered entity named SMTT Markets Pty Ltd.
Additionally, the website design and content of this broker closely resemble those of brokers such as MultiBank Group Limited, CEREMOS, XM Market Limited, Dukascopy Trade MT5, CMC Market Trade MT5, FUNDING, among others.
Opening an Account:
To open an account with SMTT Markets Pty Ltd, visit the broker's official website, click on "Register" either on the homepage or top right corner of the page, fill in personal information, upload identification documents, and submit. After submitting the application, your account will be successfully registered.
Trading Account Information:
The official website of SMTT Markets Pty Ltd only provides information on spreads, trading leverage, margin call/stop out levels, and contract size. Information on account types, trading commissions, minimum/maximum trade volume, maximum position/order volume, and minimum price precision is not disclosed.
- Spread: Floating, starting from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop Out Level: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
SMTT Markets Pty Ltd offers a self-developed trading platform to its users.
Deposits and Withdrawals:
SMTT Markets Pty Ltd has not clearly disclosed the supported methods for deposits and withdrawals, the fees associated, or the minimum deposit and withdrawal amounts on its official website.
Summary:
Traderknows reminds investors that SMTT Markets Pty Ltd is a forex broker with opaque registration information and no effective regulation. The only way to contact them is through email, making their contact methods very limited. The design and content of their official website use the same template as those of broker websites like MultiBank Group Limited, CEREMOS, XM Market Limited, Dukascopy Trade MT5, CMC Market Trade MT5, FUNDING. Traderknows advises investors to choose brokers that are transparent in information, strongly regulated, and have a good reputation for their investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
