SMT Capital (smtcap.com) has been flagged by ASIC (Australia) for "Unlicensed". Swiss Financial Market Supervisory Authority FINMA warning https://www.finma.ch/en/finma-public/warnungen/warnliste/smt-capital, Alberta Securities Commision caution https://www.asc.ca/en/Enforcement/Investment-Caution-List/s/SMT-Capital, British Columbia Securities Commission warning https://www... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.smtcap.com.
SMT Capital (smtcap.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|Multi-device support|API access|Market news feed
Cons: Withdrawal takes 1-2 business days
Do not use SMT Capital (smtcap.com) for anything serious. I used them since mid-2025 for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Easy to use platform|Segregated accounts|API access|Social trading features
Cons: Limited demo account features
I lost a significant amount because SMT Capital (smtcap.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Helpful community forum|Good analytical tools|Dividend tracking|Regular platform improvements
Cons: None so far
The mobile app from SMT Capital (smtcap.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Clear documentation|Customizable dashboard|Clean UI
Cons: Wait times can be long during peak hours|No crypto staking
SMT Capital (smtcap.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Smooth onboarding|Professional team|Two-factor authentication|Good mobile app
Cons: Slow to add new assets|Would like more payment methods
I wanted to transfer my portfolio from another broker to SMT Capital (smtcap.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: Demo account available|Automated trading options
Cons: Help articles are sometimes vague
If you are reading this considering SMT Capital (smtcap.com) - run. I wish I had read more negative reviews based on a colleague's recommendation. I thought the positive ones were real. Maybe some are. My experience over for about five months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Real-time alerts|API access|Low minimum deposit
Cons: Slow to add new assets|Mobile app could be improved
I trusted SMT Capital (smtcap.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Responsive team|Personal attention|Educational resources
Cons: Wish they had more educational resources
After using SMT Capital (smtcap.com) since I retired last year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Economic calendar|Instant funding
Cons: Email notifications too frequent|Minor UI glitches occasionally
I closed a profitable position at SMT Capital (smtcap.com) 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: Economic calendar|Smooth onboarding|Responsive team|Intuitive for beginners
Cons: No fractional shares