SmartFactoryFX has been flagged by Financial Markets Authority for "Fraud and Other Types of Misconduct". We are concerned that SmartFactoryFX.com may be operating a scam.
The FMA has been made aware of victims who were referred to SmartFactoryFX and directed to a “trading mentor” on Facebook, after initially receiving a new friend request.
We are aware of investors who were then una... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
SmartFactoryFX 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: Excellent charting|High security standards|Regular updates
Cons: Wish they had more educational resources
SmartFactoryFX 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: Automated trading options|Portfolio tracking tools|Helpful community forum
Cons: Limited cryptocurrency options
For anyone considering SmartFactoryFX, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
Opened my account with SmartFactoryFX through a forum discussion 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: Instant funding|Low minimum deposit
Cons: Mobile app could be improved|Desktop app not available on Linux
SmartFactoryFX locked my account without warning and demanded documents I had already submitted. for nearly two years later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Copy trading available|Instant funding
Cons: Research section could be deeper
After doing some research AFTER the fact (I know, I should have done this first), I discovered that SmartFactoryFX 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.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. SmartFactoryFX said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Excellent charting|Social trading features|Clean UI|Easy to use platform
Cons: Account statements could be more detailed
I closed a profitable position at SmartFactoryFX 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|Full transparency|Instant funding|Clean UI
Cons: Alert system is basic|Help articles are sometimes vague
Do not believe the bonus offer from SmartFactoryFX. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a blog post comparing services and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Copy trading available|Competitive fees
Cons: Alert system is basic|Desktop app not available on Linux
Tried to withdraw my funds from SmartFactoryFX 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.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics