Smart Money Equity has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: smarttmoneyequity.com.
My withdrawal request from Smart Money Equity 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: No hidden fees|Clear documentation|Multi-device support
Cons: Cannot customize dashboard fully
I closed a profitable position at Smart Money Equity 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: Wide product range|Educational resources|Fast deposits|Demo account available
Cons: Minimum deposit could be lower
Smart Money Equity seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Multiple order types|Stable platform|Clear documentation|Low minimum deposit
Cons: Onboarding videos are outdated|No fractional shares
I referred a friend to Smart Money Equity after a trusted YouTuber reviewed them. 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: Reliable uptime|API access|Multi-device support
Cons: Limited ETF selection|Withdrawal takes 1-2 business days
I experienced a security concern with my Smart Money Equity 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: Two-factor authentication|Real-time alerts|Easy withdrawals
Cons: Desktop app not available on Linux|Limited cryptocurrency options
I want to warn everyone about Smart Money Equity. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
Opened my account with Smart Money Equity based on a colleague's recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Economic calendar|Copy trading available|Regular updates
Cons: Onboarding videos are outdated|Spreads widen during volatile periods
After spending for about five months trying to make Smart Money Equity work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Responsive team|Helpful community forum|Real-time alerts
Cons: Research section could be deeper|None so far
I am in a dispute with Smart Money Equity over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Instant funding|Competitive fees|Responsive team|Copy trading available
Cons: Limited social trading features|No dark mode on mobile
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Smart Money Equity recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Personal attention|Good analytical tools
Cons: Would like more payment methods|No crypto staking