Reported Website: https://smartytrade.com/
SmartyTrade does not claim to be licensed by any regulator; it only claims to be operated by Omla LTD, which is registered in Marshall Islands. While we can confirm that there is a company with the same name in the Marshall Islands Registry (IRI) registry, this registration only grants it International Business Company (IBC) status. The Marshall IRI is not a government agency, nor a regulator, and does not regulate foreign exchange. Furthermore, its registration status in Marshall Islands IRI is now shown as “Annulled,” indicating that the entity may be under operational issues. Being unregulated is a major red flag for a fraudulent operation. Therefore, SmartyTrade appears to be a scam.
