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.
Do not be fooled by the professional-looking website. Behind the scenes, SBC Smartfund Limited is disorganized and incompetent. I found them through a financial advisor and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Good mobile app|Excellent charting|Easy to use platform|No hidden fees
Cons: Desktop app not available on Linux
The spread at SBC Smartfund Limited is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Demo account available|Fast execution|Good analytical tools
Cons: Limited social trading features|Help articles are sometimes vague
I was about to invest with SBC Smartfund Limited but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Services and Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly