Smartbitvex is a contract-for-difference broker whose official website domain was registered on March 27, 2023. This broker primarily provides investment services in markets such as forex, cryptocurrency, indices, stocks, energy, and commodities. They do not offer services to countries or regions where doing so would violate local laws or regulations.
Enterprise Registration Information and Regulatory Status
Public information on the Smartbitvex website indicates that the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed additional company registration details or specific regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not list a regulated entity named "Smartbitvex."
Therefore, Smartbitvex is essentially a scam broker website with neither a corporate entity nor any regulation.
Account Opening Process
The account opening process at Smartbitvex involves visiting their official website, clicking "Open Account" on the homepage or "SIGN UP" at the top right corner of the page to enter the registration page. After filling in personal information such as name and email and setting a login password, you can submit the form. Upon account verification, the registration will be successful.
Trading Instruments
Smartbitvex offers a variety of trading products to its customers, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or a specific sector without trading individual stocks. By exploring popular indices, one can find diverse trading opportunities and utilize high leverage for potential gains.
- Commodities: Commodity trading covers key resources in global markets, 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 of public companies, earning from price changes and dividends based on company performance, without holding the actual shares.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from high volatility assets.
Investment Plans
The Smartbitvex website does not disclose information regarding account types, spreads, trading leverage, margin levels, trading commissions, minimum/maximum trade volume, maximum position/order size, or minimum price increments.
Trading Platform
Smartbitvex offers a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over composite liquidity providers, and more than 12,000 orders executed per second. However, the download link provided directs to an MT4 trading platform, which does not list a broker named Smartbitvex.
Deposits and Withdrawals
Smartbitvex does not allow deposits and withdrawals via credit card or bank wire; transactions can only be carried out using cryptocurrencies.
Conclusion
Traderknows reminds investors that Smartbitvex is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
