A financial regulator has publicly named this broker for soliciting the public without the required registration — a serious warning sign, reflected in the scam-risk score.
A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 96 | 35% |
| Company age | 45 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 10 | 8% |
| Transparency (site/info/social) | 53 | 10% |
| Real-user sentiment | 50 | 8% |
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.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| ASIC | Market Making (MM) | 443670 | Australia | — |
| FCA | Market Making (MM) | 705428 | United Kingdom | — |
| CYSEC | Market Making (MM) | 124/10 | Cyprus | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| LONG TERM | 1:500 | -- | 0.6 | -- | ✓ |
| GOLD | 1:500 | $/£/€5,500-7,000 | 1.2 | -- | ✓ |
| SILVER | 1:500 | $/£/€1,600-5,000 | 1.5 | -- | ✓ |
| BASIC | 1:500 | $/£/€500-1,500 | 1.9 | -- | ✓ |
Across 1 recent Trustpilot reviews, 100% are 1–2 star.
0Smpfxtrade is a forex and CFD broker based in United States, with records dating to 2023-07-03. It reports oversight from ASIC, CYSEC, FCA.
FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.
On Trustpilot, Smpfxtrade holds a real-user score of 3.2/5 across 1 reviews.
Overview compiled by FXCanary from regulatory records and public data. full Smpfxtrade review