Smart Ix Shares does not provide any information about the owners of the website, their place of registration, or their office address. In addition, the broker does not provide legal data, such as in which country its financial activities are regulated, as well as the date of the company’s foundation. As for the domain, it was only registered in August 2023. Finally, the site’s bilingual interface is presented in English and German. Despite this, US citizens and residents of other countries that have tax liabilities in the US are not allowed to use the broker’s services.
How safe is it to trade on this platform? Will cooperation with such a secretive broker bring profit? We will study the possibilities of the service and make a conclusion about the reliability and safety of trading on the terminal of this company.
Smart Ix Shares is a brokerage organization that claims to be a reliable company that offers a secure trading environment where every client can trade globally like a professional. It points out its competitive advantages as a mobile-friendly platform, fast trade execution speed, large market coverage, and stability. The project’s trading environment is designed to be simple but powerful.
However, the Smart Ix Shares website does not offer any tariff plans and does not specify the technical parameters of the terminal. The main aspects we found in the description are:
- You will be able to trade more than 65 selected currency pairs, such as USD/EUR, GBP/AUD on FX markets.
- The platform presents such instruments as cryptocurrency, shares of the world’s largest companies, indices, precious metals, commodities.
- The broker can offer clients to participate in promotions with bonus rewards.
You must indicate during registration that you meet the Smart Ix Shares recommendations for clients with margin spot accounts. Finally, you must consent to the transfer of your personal data outside the EU. The broker does not advise trading to users whose ages range from 18 to 65 years old. As well as those who have an annual income of less than $25,000, no 6-month trading or investment experience.
You must be aware of the trading rules before you decide to accept the bonuses. Keep in mind that you need to trade a minimum volume of at least ¼ of the bonus amount in order to withdraw the bonus funds.
Smart Ix Shares also does not recommend that you use pension funds for trading. All of the above reasons will not prevent you from opening an account here. The broker suggests that for any disputes or complaints, to contact technical support via online chat, your claim will be processed within 48 hours. However, we did not find online chat in the website’s functionality.