Abstract：Did your Smart Trader forex trading account grow substantially from your initial deposit? But did the forex broker not respond to your withdrawal request? Failed to open the Smart Trader MT4 trading platform due to constant login issues? Does the list of Smart Trader Tools not include the vital ones that help determine whether the reward is worth the risk involved? Have you witnessed illegitimate fee deduction by the broker? These issues have become too common for traders, with many of them criticizing the broker online. In this article, we have highlighted different complaints against the forex broker. Take a look!
Did your Smart Trader forex trading account grow substantially from your initial deposit? But did the forex broker not respond to your withdrawal request? Failed to open the Smart Trader MT4 trading platform due to constant login issues? Does the list of Smart Trader Tools not include the vital ones that help determine whether the reward is worth the risk involved? Have you witnessed illegitimate fee deduction by the broker? These issues have become too common for traders, with many of them criticizing the broker online. In this article, we have highlighted different complaints against the forex broker. Take a look!
Investigating the Top Complaints Against Smart Trader
The Fund Withdrawal Delay Complaint Against Smart Trader
A complaint appeared on WikiFX, a leading global forex regulation inquiry app, where the trader highlighted a significant rise in his capital base from $92.89 to $4,000. However, as the trader placed a withdrawal request, the broker did not respond efficiently to it. As a result, the trader shared this negative review of the Smart Trader withdrawal process.
Smart Trader Login Issue Allegation
A trader admitted to having been facing constant login issues on the brokers MT4 trading platform. As a result, the trader is not able to open the trading platform. Surely, the trader would have missed maximizing gains or capping losses due to this issue. As the platform allegedly became non-functional, the trader vented out by sharing this negative Smart Trader review.
Overpriced Platform with Performance Issues and Limited Trading Tools
As per the trader, the platform is slow to load and frequently lags, making chart analysis frustrating. Custom chart settings are not saved properly, forcing users to reapply configurations repeatedly. Despite being a paid premium service, it lacks basic tools like long/short risk–reward drawings that free platforms offer. Broker integration is restricted to a limited list, pushing users toward preferred brokers instead of supporting its own. Customer support becomes unhelpful for technical queries, redirecting users to links instead of providing clear answers. After paying $4,000 annually, the user feels overcharged and plans to switch to custom platforms. Below is a screenshot explaining this critical issue.
The Illegitimate Fee Deduction Claim
A trader also highlighted the illegitimate fee deduction to the tune of 29.95 dollars, not once but twice, on his card. At the time of writing the Smart Trader review, the trader even warned of taking legal action against Smart Trader. Check out this review to know more.
The Review of Smart Trader by WikiFX: Regulation & Score Details for the Broker
The host of complaints concerning withdrawals, illegitimate fee deductions and login issues indicated riskier investment sentiments and demanded a thorough investigation into its operation by the WikiFX team. Upon investigation, the team found the Iraq-based forex broker to be unregulated. Consequently, the score for the broker remains a pretty poor 2.07 out of 10.
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