SBC Smartfund Limited 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 experienced a security concern with my SBC Smartfund Limited account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: High security standards|Demo account available
Cons: Account statements could be more detailed
SBC Smartfund Limited 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: Dividend tracking|Copy trading available|High security standards
Cons: Minor UI glitches occasionally|Limited social trading features
I wanted to transfer my portfolio from another broker to SBC Smartfund Limited. 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: Instant funding|Fast deposits
Cons: Live chat only during business hours
My withdrawal request from SBC Smartfund Limited has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Regular updates|Easy to use platform
Cons: No phone support on weekends
SBC Smartfund Limited changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Educational resources|Fast support response|Social trading features
Cons: No phone support on weekends|No integrated tax optimization
If you are reading this considering SBC Smartfund Limited - run. I wish I had read more negative reviews after reading several online reviews. I thought the positive ones were real. Maybe some are. My experience over since early this year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Dividend tracking|Quick verification
Cons: No phone support on weekends
I lost a significant amount because SBC Smartfund Limited did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Quick verification|Competitive fees
Cons: Alert system is basic
Where do I even begin with SBC Smartfund Limited? for about eight months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Good analytical tools|Stable platform|Detailed reporting|Full transparency
Cons: Limited cryptocurrency options
I signed up with SBC Smartfund Limited from a review site like this one and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Easy withdrawals|Copy trading available|Competitive fees
Cons: Could offer more webinars
Tried to withdraw my funds from SBC Smartfund Limited and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized