SMC Forex Broker

SMC Review SummaryFounded1990Registered Country/RegionUnited Arab EmiratesRegulationNo regulationTrading Products Equities, commodities, forexDemo Account/Leverage/Spread/Trading Platform/Minimum Deposit/Customer SupportPhone: +971 4 5139780EMobile: +971 55 4005381mail: info@smccomex.comSMC Information SMC was founded in 1990 and operates in the UAE without being licensed by any major regulatory organization. It provides trading in stocks, commodities, and FX. Despite the range of services, the lack of regulation may cause problems.Pros and ConsProsConsWide range of financial and advisory servicesNo regulationLong market presence (since 1990)Unclear fee structureOffers both domestic and international servicesNo info on deposit and withdrawalIs SMC Legit? SMC claims to be based in the United Arab Emirates, however, it is not regulated by any UAE financial authority (such as the Securities & Commodities Authority) and has no licenses from well-known foreign authorities such as the UK's FCA, Australia's ASIC, or the US NFA/CFTC. According to WHOIS records, the domain smccomex.com was registered on May 5, 2009, last updated on December 21, 2022, and is still live with numerous precautionary locks (“client delete/renew/transfer/update prohibited”).What Can I Trade on SMC? SMC offers a wide range of financial services, from stock and commodities trading to wealth and real estate advising. It serves both domestic and foreign clientele, including NRIs and institutional investors.Trading ProductsSupportedEquities✔Commodities✔Currencies✔Indices❌Cryptocurrencies❌Bonds❌Options❌ETFs❌