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Smart Ix Shares Review | A Financial Journey or Scam?

by Kevin Berry
Rating: 
  1.1/5   Reviews: 3
Smart Ix Shares - logo

A little-known and completely unpopular brokerage company, Smart Ix Shares, offers to embark on a financial journey and trade assets across various market classes. Here, forex services are presented for modern traders. However, based on the official website, the broker adheres to maximum secrecy and anonymity, as there is no mention of a license, duration of operation, or business model. Online reviews are extremely scarce and few. So, can you trust such a company with your money, or is it better not to take the risk and find another intermediary? Let’s delve into this potential scam.

Highlights

🏛️ Country
⚠️ Regulation
🖥️ Website https://smartixshares.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit
⚖️ Minimum and Maximum Leverage 1:100
⚙️ Trading Platform WebTrader
📨 E-mail support@smartixshares-e.com, support@smartixshares.com
📞 Phone

First Impression of Smartixshares.com

We are greeted by a rather generic and primitive official website, which supports only two languages: English and German. Visitors can explore information about the firm, contacts, and the classes of tradable assets. The data is presented without any specificity or detail. Smart Ix Shares does not tell crucial information about its operations or trading conditions. Such websites are most commonly associated with fraudulent organizations. Will this time be an exception? We’ll find out later.

Smart Ix Shares - site

Regarding graphic design, everything here is also cliched and formulaic. The company uses images sourced from the internet, which depict people in suits sitting behind laptops, solving complex tasks and questions. There’s no shortage of stock photos featuring charts, cryptocurrencies, laptops, and other high-tech and financial market imagery. In short, the website is boring, uninteresting, uninformative, generic, and of low quality. Smart Ix Shares made no effort to produce something unique and high caliber.

Partnership and Bonuses

There’s no mention of an affiliate program on the broker’s website. Therefore, it likely doesn’t exist. It’s also known that Smart Ix Shares offer traders bonuses. However, it’s worth noting that these bonus funds are provided under certain conditions: the client needs to achieve a trading volume equivalent to the bonus amount divided by 4. For example, if a trader receives a $1,000 bonus, they must achieve a turnover of 250 lots. Until this condition is met, one cannot withdraw the bonus funds or any profit made using them.

Account Opening on Smartixshares.com

The registration process with Smart Ix Shares is quite straightforward. A client needs to provide their first and last name, email address, and phone number. Additionally, one must agree to the terms and confirm they are not a resident of the USA.

Registration

The interface of the personal cabinet at Smart Ix Shares is as primitive as the official website. Users can perform various actions:

  • Monitor current balance, margin level, profit, and other account data.
  • Make deposits and request withdrawals.
  • View the history of transactions and deals.
  • Set 2FA.
  • Upload documents for KYC.

Smart Ix Shares - dashboard

It’s worth noting that Smart Ix Shares doesn’t offer a demo account. This option isn’t even mentioned on the company’s website. It is a significant drawback, as traders will have to deposit real money to test out the platform.

Verification

You cannot start trading without verification, as Smart Ix Shares adheres to the AML&KYC policy and therefore requires all clients to undergo KYC. Documents that need to be provided include:

  • Proof of identity, such as a passport or driver’s license.
  • A copy of a bank card.
  • Proof of residential address.
Pros
  • Uploading of documents takes place in the personal cabinet
Cons
  • Smart Ix Shares requires a photo of a bank card.
  • There is no designated timeframe for processing documents.

Trading Software

The broker praises its trading platform as if it’s the best terminal for CFD trading. Smart Ix Shares boasts about its high-speed order execution, user-friendly mobile version, and optimized trading tools. However, we did not see a mobile app for Android/iOS, so, likely, the terminal is simply adapted for mobile browsers.

Terminal

What Smart Ix Shares offers as a terminal can hardly be called professional and advanced. The platform supports several types of charts, indicators, technical analysis, and 9 timeframes. The set of options and features is very limited and sparse. Many advanced tools are missing from the terminal. It might be suitable for beginners to learn, but over time, they will realize that the functionality is insufficient. As for professionals, there’s not much to discuss, as such a terminal is absolutely not suitable for full-fledged and serious trading.

Features Smart Ix Shares Kowela  Exton Global
Demo Account
Mobile App ✔️
Own Development

How Can I Trade With Smart Ix Shares?

The broker offers trading in six asset classes: forex, metals, indices, stocks, commodities, and cryptocurrencies. All instruments are presented only in the form of CFDs. It’s important to understand that there are no spot and futures assets in Smart Ix Shares.

All Info About Accounts

The company clearly adheres to a policy of secrecy and opacity, since most trading conditions are not even disclosed on the official website. Smart Ix Shares keeps commissions and spreads a secret, as well as many other parameters, such as swaps, margin call, and stop out. There is also no tariff plan lineup here.

Clients can trade with a leverage of 1:100, hinting at a lack of regulation. The fact is that regulated companies cannot offer high leverage because financial commissions prohibit it. It’s worth noting the absence of an Islamic account and a demo account in Smart Ix Shares. All these are significant drawbacks, showcasing how non-competitive and disadvantageous this firm is.

Pros
  • None.
Cons
  • There is no demo account and swap-free.
  • Commissions, spreads, and other conditions are not even specified on the site.

Market Analysis and Education With Smartixshares.com

Smart Ix Shares offers no additional services. The broker could have provided market analytics, a news feed, an economic calendar, or other widgets, but chose not to. There’s no information about any educational services, nor any training materials or articles.

Deposit, Withdrawal, and Fees

To fund an account, one can use credit/debit cards, e-wallets, and cryptocurrencies (USDT ERC-20, BTC, or ETH). Smart Ix Shares states that the minimum withdrawal amount is $50, and there are no fees, but this applies only to credit/debit cards. No information is provided about fees for other withdrawal methods or the processing time for withdrawal requests.

Features Smart Ix Shares Sigwetcapital  CryptoLogicIQ
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

There are two ways to contact the staff. The first is by email, and the second is to request a phone call through the personal cabinet. Smart Ix Shares does not offer any phone numbers or online chat. It also seems odd that they don’t have any social media accounts, even though it’s a crucial aspect of any online business for effective advertising and attracting new clients.

Smart Ix Shares provides two email addresses. One in the “contact” section, and the other in the user agreement. The one in the contact details is genuine, but the one provided in the user agreement does not exist. Why would the firm list a fake email address?

Fake email

Pros
  • None.
Cons
  • One of the emails is fake.
  • No phone, online chat, or social media accounts.

Is Smart Ix Shares Dangerous?

In reality, we found nothing good about this broker. It appears to be an extremely secretive and anonymous organization that doesn’t even disclose information about its trading conditions. Legal details are also missing, as are many ways to contact management. What remains to be checked is the most crucial aspect of Smart Ix Shares: its licenses, legitimacy, and operation duration.

How Long Does The Broker Work?

The duration of operation is a significant factor in any company’s activity, especially a brokerage. When did Smart Ix Shares start serving traders? This remains unknown. At the very least, the organization doesn’t even provide its foundation date. However, determining when the platform was launched is straightforward. The domain of the website was registered in August 2023. That’s when the organization started serving its clients.

Domain

How Is Smart Ix Shares Regulated?

How can one determine if a company is regulated? It’s impossible, as the broker doesn’t even provide a legal address. We don’t know where the firm is based, or whether it has branches or representations. Legal documents are absent; there’s zero information. Smart Ix Shares doesn’t divulge anything about licenses. There’s no need even to check or look for regulation in the registers of financial commissions because it’s evident that the broker isn’t licensed, implying it operates unlawfully.

Features Smart Ix Shares Xtrader365 LumineTrade
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Smart Ix Shares?

To start trading with this firm, one must first register an account by providing personal details. Subsequently, the company will require a KYC verification, after which you can proceed to deposit funds. Trying out a demo account is not an option since this feature is missing.

Is Smart Ix Shares Legit?

The broker is definitely operating illegally. The company hides its legal address, and no information about licenses is provided on the website.

How Risky Is It?

Collaborating with Smart Ix Shares carries a 100% risk, given its illegal nature. It's highly probable that fund withdrawal is unavailable, making trading here pointless.
Kevin Berry
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Expert Opinion

I don’t even know how to comment on such nonsense. How can a brokerage firm not specify a registration address, trading conditions, licenses, and many other details? It’s beyond my comprehension. Smart Ix Shares is such a blatant scam project that I genuinely hope no trader has fallen for this sham and given their money to the fraudsters hiding behind anonymity. Here’s an example of what an utterly illegal broker looks like, designed for theft and fraud. Not a single positive factor, just a continuous stream of negatives and red flags. A complete set of shortcomings and scam signs. What more is there to say?

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Smart Ix Shares rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Smart Ix Shares

BuyAndSell October 10, 2023 - 15:01
Zero guarantees
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Where’s the license? Where’s the evidence of a legitimate operational duration? Where’s the legal address? By all accounts, this is a fake broker. The platform here is hardly professional; it seems like some fake terminal. Steer clear of this scambroker. There’s nothing for you here.

Reply
Bloomberg October 19, 2023 - 00:29
Learn from other people's mistakes
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Did you know that you can’t withdraw funds here? Now you do. I, however, didn’t know, so I invested money in this, more than 2k dollars. Like a fool, I fell for the scam from Smart Ix Shares. When I decided to withdraw my funds, they didn’t process the withdrawal request. That’s the end of the story. Finish the comedy. No withdrawal for me; my deposit simply vanished.
Here’s a real scam experience for you. I lost money and am sharing that they steal deposits here instead of providing genuine brokerage services. I even consulted with an experienced trader, and he said there’s nothing that can be done. The money is stolen, and it’s non-recoverable.

Reply
Rost Iv October 24, 2023 - 13:11
Zero information, and almost no reviews, so don't take any chances
The level of trust

The number of online reviews about Smart Ix Shares is so small that I almost couldn’t find genuine comments about the firm to understand its conditions, whether it’s solvent, if it can be trusted with money, and so on. The company seems excessively secretive because even account types are missing, and commissions and spreads aren’t mentioned. I personally didn’t even bother registering an account to check anything because there isn’t even a demo account available, meaning one has to invest real money to test the platform and conditions. Such an approach can only be encountered with fraudulent organizations that operate illegally. I don’t believe Smart Ix Shares is a safe platform; more likely, it’s a classic fraud and scam broker founded by scammers. So, there’s no need to take any risks; it’s pointless. Find a reputable firm that has been in the market for a long time and outlines its trading conditions in advance for traders.

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