Review summary
SMFX (Scope Markets) presents a concerning profile for traders seeking regulatory security. Founded in 2014 and registered in Belize, this broker lists 5-10 years of operational history. The entity does not hold any active, verified trading licenses from mainstream financial authorities. While the broker claims a past registration with the Belize IFSC (IFSC/60/373/TS/19), this license is currently listed as revoked, and a Cyprus CySEC license (339/17) is categorized as unverified. The firm's overall SkyEye risk assessment score is 1.58, indicating a very high-risk profile. Its reported 'suspicious scope of business' further underscores its lack of credible oversight. Regarding trading conditions, account offerings include Standard (minimum deposit $100, leverage up to 1:500), VIP ($1000, 1:500), and Raw Spread ($2000, 1:200) accounts, covering Forex, Metals, Indices, and Energies. All accounts reportedly support EAs, scalping, and hedging. Potential clients should exercise extreme caution, as this broker operates without the protective framework of a recognized financial regulator. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-20)
FX3792673861
Hong Kong
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.
Exposure
Vicc
Hong Kong
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.
Exposure
FX3947306263
Hong Kong
The service asked me to pay an individual tax before a withdrawal. I have deposited 70 thousand yuan.
Exposure
神鸟
Netherlands
Oops! Something went wrong with its website. I cannot open its official website. One of my friends recommended this one to me, but i found many people complained its slow withdrawals. I am not sure now, should I just go away or observe it for a longer period ?
Neutral
LYL95127
Hong Kong
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!
Exposure
小康康
Hong Kong
Unable to withdraw because of wrong card number. There is a margin call. May be a fraud platform
Exposure
FX9800264452
Hong Kong
The company promised that I could profit and swindled me out of above ￥500,000. Don't fall into the trap!
Exposure
FX9800264452
Hong Kong
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.
Exposure
平淡完美
Hong Kong
This fraud gave no access to withdrawal for varied reasons, keeping asking for fund adding. Don’t believe it!
Exposure
刘乔。
Hong Kong
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.
Exposure
铁打的姑娘不锈钢
Hong Kong
The platform gave no access to withdrawal and asked for fund with varied reasons.
Exposure
FX1594507276
Hong Kong
As a patform customer, I am required to pay more than personal income tax of over CNY 40,000 before withdrawal.
Exposure
平淡完美
Hong Kong
Don’t be cheated. This fraud gave no access to withdrawal!
Exposure