B-Smartfolio Inc. has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I trusted B-Smartfolio Inc. with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Instant funding|Comprehensive tools|Low minimum deposit|Professional team
Cons: Could offer more webinars|Wait times can be long during peak hours
After doing some research AFTER the fact (I know, I should have done this first), I discovered that B-Smartfolio Inc. is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns
I opened an account with B-Smartfolio Inc. for roughly four months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Easy to use platform|Full transparency|Transparent fees
Cons: Some tools only available on higher tiers
The so-called education at B-Smartfolio Inc. is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for nearly two years thinking they would help me learn.
Pros: Dedicated account manager|Excellent charting
Cons: Live chat only during business hours
I wanted to transfer my portfolio from another broker to B-Smartfolio Inc.. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Two-factor authentication|Segregated accounts
Cons: Mobile app could be improved
B-Smartfolio Inc. offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multi-currency support|Instant funding|Copy trading available|Competitive fees
Cons: Email notifications too frequent|Slow to add new assets
I closed a profitable position at B-Smartfolio Inc. and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Social trading features|Multi-currency support|Automated trading options
Cons: No live chat on mobile|Nothing significant
B-Smartfolio Inc. had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Multi-device support|Market news feed|Intuitive for beginners|Fast support response
Cons: Limited cryptocurrency options
I referred a friend to B-Smartfolio Inc. after doing extensive research. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Great customer service|Detailed reporting
Cons: Search feature is basic|Wait times can be long during peak hours
Several red flags with B-Smartfolio Inc.: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services and Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises