SmartFX Bot (smartfxbot.com) has been flagged by Australian Securities and Investments Commission 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.
I experienced a security concern with my SmartFX Bot (smartfxbot.com) 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: Professional team|Responsive team|Transparent fees
Cons: Alert system is basic
After doing some research AFTER the fact (I know, I should have done this first), I discovered that SmartFX Bot (smartfxbot.com) 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.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
SmartFX Bot (smartfxbot.com) 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: Segregated accounts|Tax reports included|Demo account available
Cons: Charting tools need more indicators
I was contacted by SmartFX Bot (smartfxbot.com) through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
Opened my account with SmartFX Bot (smartfxbot.com) after comparing multiple platforms 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: Personal attention|Reliable uptime|Easy to use platform
Cons: Would like more payment methods
SmartFX Bot (smartfxbot.com) locked my account without warning and demanded documents I had already submitted. for about three months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Dividend tracking|Economic calendar|Good mobile app
Cons: Minor UI glitches occasionally
The platform at SmartFX Bot (smartfxbot.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for a few weeks now of dealing with this, I have had enough.
Pros: Detailed reporting|Good analytical tools|Stable platform|Segregated accounts
Cons: Minor UI glitches occasionally|Could offer more webinars
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that SmartFX Bot (smartfxbot.com) 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.
Cons: Not registered with regulators|Unrealistic promises
I joined SmartFX Bot (smartfxbot.com) through word of mouth in my investment club and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: No hidden fees|Multi-currency support|Dividend tracking|Regular updates
Cons: Account statements could be more detailed|No integrated tax optimization
I wanted to transfer my portfolio from another broker to SmartFX Bot (smartfxbot.com). 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: Segregated accounts|Multi-device support|No hidden fees|Fast deposits
Cons: Desktop app not available on Linux