Brokers  /  SMFX

SMFX

High risk
🇧🇿 Belize · 5-10 years · since 2019-04-26 · SMFX
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Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot/5
Forex Peace Army/5
60
High risk
Scam Risk Scoremonitored · 2026-07-06
Lower riskHigher risk
  • Registered in Belize (offshore, light oversight)
  • 12 user exposure/complaint reports filed
  • Withdrawal complaints in ~146% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration808%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameSMFX
Headquarters🇧🇿 Belize
Founded2019-04-26
Years operating5-10 years
Employees0
Official websitesmfx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
InstrumentsForexMetalsIndicesEnergies

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECForex Execution License (STP)339/17Cyprus

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
VIP1:5001000$1.3--
Standard1:500100$1.8--
Raw spread1:2002000$0.0--

Review analysis AI

Across 13 recent Trustpilot reviews, 92% are 1–2 star. The single most common complaint is being unable to withdraw funds (19 reports) — the classic warning sign in forex. We also found 1 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users complain about
What users praise
Where reviewers are from
Hong Kong12
Netherlands1

Real user reviews

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About SMFX

SMFX is a forex and CFD broker based in Belize, with records dating to 2019-04-26. It reports oversight from CYSEC.

FXCanary’s verdict is “Elevated.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 1 clone website(s) copying SMFX. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full SMFX review