SM Trading Center has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". SM Trading Center is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: smtradingcenter.com.
The spread at SM Trading Center is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Regular updates|Portfolio tracking tools|Dedicated account manager|Two-factor authentication
Cons: Onboarding videos are outdated
I requested my data from SM Trading Center under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Market news feed|Full transparency|Responsive team|Instant funding
Cons: Cannot customize dashboard fully
I gave SM Trading Center a fair chance. After since early this year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Low minimum deposit|Easy to use platform
Cons: None so far|Spreads widen during volatile periods
I invested $25,000 with SM Trading Center after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Autorité des marchés financiers.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I wanted to transfer my portfolio from another broker to SM Trading Center. 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: Fast support response|Social trading features|Dedicated account manager
Cons: Alert system is basic
I closed a profitable position at SM Trading Center 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: Dedicated account manager|Regular updates|Intuitive for beginners|Comprehensive tools
Cons: Minor UI glitches occasionally
SM Trading Center advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: No hidden fees|Portfolio tracking tools
Cons: Wait times can be long during peak hours|Some tools only available on higher tiers
SM Trading Center has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Tax reports included|Quick verification|Multi-device support
Cons: Onboarding videos are outdated|No dark mode on mobile
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that SM Trading Center has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
The hidden fees at SM Trading Center are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Good mobile app|Risk management tools|Two-factor authentication|High security standards
Cons: Charting tools need more indicators|Slow to add new assets