SMT Capital claims to be registered in Switzerland and headquartered in Zurich, but there is no confirmation. Besides, the owner of the site states in the Terms of Use that the Company is allowed to provide brokerage services with the permission of some authority. However, there are no copies of such permission and license documents. It is worth noting that the broker does not disclose the history and start date of the project. As for the domain, it was registered only in September 2023.
Is it safe for you to trade on this platform? We will study the terminal functionality and the company’s legal documents, after which we will conclude the legitimacy of its activities.
Trading Conditions
SMT Capital offers a proprietary terminal that you should download to your device. It provides access to several trading assets, including crypto, forex, commodities, and NFT. You can fund your accounts via bank transfers, or credit/debit cards.
The user can choose an account from 5 tariff options structured by the minimum deposit amount. The number of services and benefits increases with each successive account level. Here are the details of the different account types:
- Basic from $1,500 – Access to 5 different markets, 7-day managed account trial, Leverage 1:25.
- Silver from $25,000 – Bonus up to 30%, 1 free monthly withdrawal, Leverage 1:25.
- Gold from $50,000 – Bonus up to 50%, 1 free weekly withdrawal, Leverage 1:50.
- Platinum from $150,000 – Bonus up to 75%, 1 free weekly withdrawal, Leverage 1:100.
- VIP account – minimum deposit is not disclosed, 1 market research per month, 1 fully protected trade per month, Leverage 1:200.
SMT Capital provides crypto-staking services for holders of digital assets, promising a passive income of 5% per month. The broker does not disclose exact details such as spreads, commission rates, and withdrawal processing times to traders. You will find articles, expert analyses, guides, and tutorials on this platform. Technical support is available via online chat.
FAQ
Would investing in SMT Capital offer the best returns?
It is unlikely that you will make a profit on the terminal of an anonymous broker, your cooperation will rather result in a loss of funds. The company claims to operate in Switzerland, but European regulators, for example, forbid brokers to set leverage higher than 1:30 to minimize traders’ risks.
Does SMT Capital carry out withdrawals?
According to our deep dive into the trading conditions of this platform, we see that the company can refuse to withdraw money to a client without giving any reasons. Terminal users often leave comments about the broker's ignoring of their withdrawal requests. You can also share your experience in a review.
May I be scammed on smtcap.com?
Yes, we see signs of scamming. For example, if you download an unknown trading platform on your PC, you may get viruses along with it, which open access to your confidential information. In addition, the broker uses a cheap interface template, it may have no access to the financial market, no legal entity registration, and no license.
What's the best way to share my experience with SMT Capital?
Fill out the form and we'll make sure your voice is heard.
How can I tell if this is a fraudulent company?
Do your own research and never believe those who promise you easy money.
A week later, she called me and told me that in order to earn decent money, I need to switch to a different investment level, which starts at US$2500. Everything was fine, I mean, on paper, it was slowly “swelling”. After 5-6 weeks, Emma wrote to me that in order to make “very decent money” I had to go to the “professional league”, where investments ranged from $25,000 to $250,000. Before becoming a “pro”, I decided to withdraw at least part of my invested money. But it was harder than landing on the moon. I waited 3 weeks but got nothing.
When I asked Emma about the non-receipt and said that I had read a lot of negative reviews on the Internet where people complain that no anesthesia helps to get their money from this company, she replied that I insulted her, and she no longer does my business. After that, I wrote 4 emails to SMTcap, but received no response. Unfortunately, due to the nervous situation, my wife was admitted to the hospital. I had to contact a lawyer who contacted companies that deal with cybercrime.
With thousands of followers on Facebook, YouTube and LinkedIn, I have the opportunity to make SMTcap better known, in the sense that when potential investors hear this name, they will scatter in different directions. But I have a small hope that the instinct for self-preservation will prevail over the greed of the fraudsters, and they will get my money back from my account. Yesterday my lawyer called and suggested that I take all necessary legal measures to hold SMTcap and Emma Johnson accountable for causing harm to my wife's health and fraudulent investment. In conclusion, I would like to say that if SMTcap does not want to solve everything in a civilized way, there will be a company that will punish fraudsters who are trying to cash in on inexperienced and naive investors.
My account manager Benjamin Fischer is a blatant thief and a liar. His pathetic co-worker got really rude with me over the phone because I dared ask for my money.
Apparently " this isn't an ATM and you can't just get your money when you want! " is what I was told. I was advised to get a loan and pay them more money ! Which I will never see again!
One star from me purely because I fell for the scam.