FX SmartBull Review: Is It Legit or a Scam? Find Out in This 2-Min Review.

Is FX SmartBull applying B-book trades instead of real trades? Does the United Arab Emirates-based forex broker imply unfair charges on profits earned on the trading platform? Does it disapprove the withdrawal request without giving valid reasons? Is your FX SmartBull withdrawal application rejected due to a trading abuse claim by the broker? These are some raging complaints against the brokers alleged suspicious forex trading activities. In this FX SmartBull review article, we have investigated some complaints. Read on!

Overview of FX SmartBull - Accounts, Platforms & Other Details

FX SmartBull, which has been operating for over three years, presents a wide range of trading opportunities to traders across forex, commodities, indices and cryptocurrencies. As per the information available on its website, the brokers products are available for traders across 10+ countries. Traders can leverage the advanced MetaTrader 5 (MT5) platform across desktop, iPhone and Android smartphones. As a trader, you can choose from Classic, Variable, Standard and ECN accounts.

Elaborating on the Top Forex Trading Complaints Against FX SmartBull

FX SmartBull Withdrawal Application Rejection Without Existing Reasons

A trader alleged that FX SmartBull constantly rejects applications concerning fund withdrawals from the trading platform for reasons that do not exist. As a trader, it is your right to ask the broker for the legitimate reasons the withdrawal application is denied. By not receiving any reason, the trader was understandably frustrated and sought assistance from a legal firm, which helped him recover the stuck funds. Here is the traders full FX SmartBull review you should read.

Traders Allege Illegitimate Charges on Profit Amounts

This complaint talks about the trader who has categorically declared that FX SmartBull does not allow withdrawal access to its clients. Further adding to the statement, the trader exposed the brokers habit of charging a certain portion of the profit amount. Also, the trader alleged that FX SmartBull implies B-book trades, instead of real trades. Reacting to the overall trading experience, the trader shared a small but critical complaint that the broker must look into for sustainable business. Take a look at what the trader said.

All Good During Deposits, Not So During Withdrawals, the Trader Alleged

A trader pointed out significant contradictions while depositing and withdrawing funds from the FX SmartBull platform. While depositing, the broker‘s officials will answer traders’ queries. However, as the withdrawal time comes, the very same officials react differently. They even claim trading abuse to reject withdrawal applications, as per the complaint statement. Check out the screenshot below, containing a series of conversations between the trader and the broker official.

The ‘Scammer’ Remark for FX SmartBull

This complaint has come from an individual who appears to be an introducing broker. The complaint is about the broker‘s non-payment of IB commission and profits. The individual, while giving FX SmartBull a ’Scammer‘ tag, also called out the broker’s backend team for no technical knowledge. Check out this explosive FX SmartBull review below.

FXSmartBull WikiFX Review: Regulation Status & Score

After reading the complaints, you must be asking: Is FXSmartBull real or fake? To know the answer, the WikiFX team conducted a thorough review into the brokers operation by gathering data concerning its regulation. While gathering data, the team found FX SmartBull to be an unregulated entity, raising considerable risks for traders investing through this platform. As a result, the WikiFX team could only give the broker a score of 2.04 out of 10.

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