Smart IX Shares Review – How Long Before BaFin Issues A Warning?

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First, you notice that the company doesn’t reveal any relevant information. Starting with the headquarters address, ownership, or contact details. Therefore, you already have three reasons not to trust them.

But after this Smart IX Shares review, you will have many more. Keep reading and learn some tips on avoiding similar scams and what your first step is if you ever get scammed.

Since the company is practically anonymous, it could be based anywhere. Also, they could be a totally unregistered firm. One way or another, they must have a license in the countries where they provide services. Thus, for maximum comfort and protection, we prefer Tier 1 regulations. For example, BaFin, ASIC, and FCA.

Since this company doesn’t have any, and there are numerous negative Smart IX Shares reviews, it’s just a matter of time. We’ll see if the BaFin or FINMA will be the first to issue a warning.

All in all, it’s not a joke to throw money into these fraudsters’ hands. In such scenarios, the best solution is to report it to authorities and contact our professional team for refund advice.

The website itself doesn’t reveal much. Therefore, you can expect hard-sales advertisements all over the social media. Most of those contain some free offers, unrealistic profits, or automated trading systems. But what sounds too good to be true… you know the ending.

In the end, traders leave their contact details for some free or cheap material. But that’s when the nightmare and phone calls start. To avoid getting trapped that way, make sure to book a consultation with our team. After all, you can get some bonus tips about recovery crypto transfers.

Regardless of your country, feel free to leave a comment below about your experience with this company. Ultimately, our team can analyze your case, and you can get advice about further steps.

One of the key aspects of trading nowadays is trading software. Most traders prefer trusted third-party solutions like cTrader. But the most popular is still MetaTrader.

With all the advanced features and copy trading, it’s hard to beat these offers. Still, with Smart IX Shares scam brokerage, we will be left without information on what tools they are using. But most likely, it was as basic as they could get, a web-based platform with basic functionalities.

Tradeable instruments can be a dealbreaker. But very often, if the company is legitimate, you don’t care much about it. You can always find something to invest in. Of course, more options mean more possibilities.

If you were not sure if this company is legit, here are more clues. Firstly, the company is not revealing the minimum deposit requirement. Therefore, they will accept almost anything you want to deposit. Secondly, they don’t reveal any account-type offers. Consequently, traders can’t expect any benefits there.

A demo account with this brokerage is science fiction. As it seems, you can forget about any benefits here. Starting with a free demo, micro, or Islamic account. Yet, with any average Tier 1 licensed firm, you can get all of these.

One of the leading worrying signs is the lack of transparency about trading conditions. Practically, none of the investment costs are revealed. With this in mind, you know there will be manipulations.

For regular spreads and fees, you can always compare them. But know that any leverage above 1:30 should be a red flag.

Transparently, the bonus offer doesn’t exist. Yet, terms and conditions reveal a malicious bonus policy. Which will definitely prevent you from withdrawing any funds. Of course, to get any bonus funds out, you must reach the trading volume of the bonus amount divided by 4 in standard trading lots.

Considering everything seen so far, you can forget about withdrawals. Immediately apply for a refund or a chargeback before it’s too late. 

The withdrawal processing time is insane, at 30 days of the account opening. Apparently, there are no withdrawal fees. Yet, without regulation, they can make up anything along the way.

The first thing to do is contact domestic regulators and report the issue. Secondly, you can leave a comment anywhere possible to help other traders avoid this. Lastly, but most importantly, to get your money back, contact our refund specialists.

The first meeting is free, and it can only help you, not harm you. We know you traders are dealing with swindlers and getting ripped off every day. That’s exactly why our first consultation is free. Get in touch today.

Smart IX Shares is an FX and CFD brokerage offering services without authorization and prioritizing German speakers.

Absolutely not. The company is not licensed by any regulator and they are operating anonymously.

Absolutely. The refund method depends on the payment method the client was using. But for step-by-step guidance, we suggest you book a consultation with our professionals.

The post Smart IX Shares Review – How Long Before BaFin Issues A Warning? appeared first on Global Fraud Protection.


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