Home -
SMFX -

Score

1.56 /10
Danger

SMFX

Belize

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Belize Retail Forex License Revoked

High potential risk

https://smfx.com

Add brokers

Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.35

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

SMFX

Company Abbreviation

SMFX

Platform registered country and region

Belize

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 7
Previous Detection : 2025-07-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

SMFX

Belize

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Don’t be cheated. This fraud gave no access to withdrawal!

Don’t be cheated. This fraud gave no access to withdrawal!

2020-07-16 17:22
Unable to Withdraw

SMFX

The service asked me to pay an individual tax before a withdrawal. I have deposited 70 thousand yuan.

2020-07-16 07:36
Unable to Withdraw

SMFX

As a patform customer, I am required to pay more than personal income tax of over CNY 40,000 before withdrawal.

2020-07-16 19:58
Scam

SMFX conned me to deposit and gave no access to withdrawal. It is simply a fraud.

The fraud sent me a QR code and conned me to deposit 10000. Then the programmer asked us to placed orders. After 3 rounds of trading, we were asked to pay tax and risk fee. At that time, I realized that I had been cheated. 68054 was gone. I don’t know what should I do.

2020-08-13 00:23
Unable to Withdraw

Apply to withdraw

The platform gave no access to withdrawal and asked for fund with varied reasons.

2020-07-22 14:28
Resolved

Scam

The company promised that I could profit and swindled me out of above ￥500,000. Don't fall into the trap!

2020-08-24 11:04
Unable to Withdraw

Scam

I entered a wrong number of the bank card and I have to pay a deposit of 20%. I can't withdraw without the security deposit. The customer service didn't let me withdraw no matter what I said.

2020-08-22 11:27
Others

$8830 profit on HSI was deducted.

My account was 601823. I bought 50 lots on HSI on April 29th. After the market opened on May 4th, I made profits. Then they began to rip clients off. On the next morning, 9:16, SMFX didn’t open the market until 10:26. The candlestick appeared 70 minutes later. It banned my trading directly and shirked the responsibility on the liquidity provider. Until 16:00, SMFX allowed clients to close the position. What’s more perverse, my 8330.76 profit was withheld. At the same time, my profit on other platforms has been received. SMFX claimed that I had violated the trading rules directly, but the IP was inconsistent with mine. What it want is to rip clients off.

2020-05-08 14:09
Resolved

The card number has been modified

Unable to withdraw because of wrong card number. There is a margin call. May be a fraud platform

2020-09-14 00:48
Unable to Withdraw

This fraud gave no access to withdrawal. Don’t believe it!

This fraud gave no access to withdrawal for varied reasons, keeping asking for fund adding. Don’t believe it!

2020-08-14 10:23
Unable to Withdraw

Fraud platform gives no access to withdrawals

You can deposit but can't withdraw funds. The platform asks customers to pay confirmation fund on grounds of wrong bank card number. After that, it said customers should pay margin for abnormal data. Don't be cheated by the fraud!

2020-11-26 19:07
Unable to Withdraw

Don’t be in an informed position!

Exposure platform: SMFX Product:Forex, index, precious medal and commodity Teacher: Different titles of the agent in SMFX Method: Through livestreaming room, group and one-to-one instruction I was invited into an exchange group by a stranger in October.In group, teachers released some stock news and views.There were 4 so-called experts take turns gave lessons in livestreaming room daily(analyzing the market,news,the bull stock and Zhida Tong)At first,I was skeptical about it.Then I found the market of stock recommended by teacher were upward.While the market was volatile since August. At this time,the teacher asked the customer service to give advice on position and fund. Then he advised us to do investment to do hedging and recommended SMFX , saying lots of advantages about the platform including T+0 trading rule and bilateral trading mechanism. And the leverage was 10 times, which meant you could acquire 100000 RMB as long as you deposited 10000 RMB. He asked us to withdraw the fund of stock investment to recover the loss. During the trading, he urged us to add fund continuously. In the end of November, I have made a loss of over 300000 RMB.

2019-12-19 16:55
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-07-10

    User Reviews

    More

    User comment

    3

    Comments

    Write a review

    FX1050390472
    more than one year
    No negocie con SMFX! Totalmente una empresa de estafa. Espero que más personas puedan ver mi reseña y mantenerse alejados de este estafador. Al principio me atrajeron con varias condiciones, me dejaron invertir y me prometieron altos rendimientos. Después de hacer un depósito, dije que el mercado fluctúa y que el riesgo es inevitable...
    No negocie con SMFX! Totalmente una empresa de estafa. Espero que más personas puedan ver mi reseña y mantenerse alejados de este estafador. Al principio me atrajeron con varias condiciones, me dejaron invertir y me prometieron altos rendimientos. Después de hacer un depósito, dije que el mercado fluctúa y que el riesgo es inevitable...
    Translate to English
    2022-11-27 11:08
    Reply
    0
    0
    FX1043133969
    more than one year
    The online reviews of this broker seem to be very bad, and many people are complaining. What's worse is that their website seems to be down too, so I can't access their website to learn more about them. But from what I read online, they are not currently under any regulation, be careful!
    The online reviews of this broker seem to be very bad, and many people are complaining. What's worse is that their website seems to be down too, so I can't access their website to learn more about them. But from what I read online, they are not currently under any regulation, be careful!
    Translate to English
    2022-11-24 16:45
    Reply
    0
    0
    12