SMC

WikiFX | 2026-04-20 23:32

Abstract：　　SMC was founded in 1990 and operates in the UAE without being licensed by any major regulatory organization. It provides trading in stocks, commodities, and FX. Despite the range of services, the lack of regulation may cause problems.

SMC Review Summary
Founded	1990
Registered Country/Region	United Arab Emirates
Regulation	No regulation
Trading Products	Equities, commodities, forex
Demo Account	/
Leverage	/
Spread	/
Trading Platform	/
Minimum Deposit	/
Customer Support	Phone: +971 4 5139780E
	Mobile: +971 55 4005381
	mail: info@smccomex.com

SMC Information

SMC was founded in 1990 and operates in the UAE without being licensed by any major regulatory organization. It provides trading in stocks, commodities, and FX. Despite the range of services, the lack of regulation may cause problems.

Pros and Cons

Pros	Cons
Wide range of financial and advisory services	No regulation
Long market presence (since 1990)	Unclear fee structure
Offers both domestic and international services	No info on deposit and withdrawal

Is SMC Legit?

SMC claims to be based in the United Arab Emirates, however, it is not regulated by any UAE financial authority (such as the Securities & Commodities Authority) and has no licenses from well-known foreign authorities such as the UK's FCA, Australia's ASIC, or the US NFA/CFTC.

According to WHOIS records, the domain smccomex.com was registered on May 5, 2009, last updated on December 21, 2022, and is still live with numerous precautionary locks (“client delete/renew/transfer/update prohibited”).

What Can I Trade on SMC?

SMC offers a wide range of financial services, from stock and commodities trading to wealth and real estate advising. It serves both domestic and foreign clientele, including NRIs and institutional investors.

Trading Products	Supported
Equities	✔
Commodities	✔
Currencies	✔
Indices	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌