Is SMSL safe?
Rating Index
Pros
Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.
Provides good customer support with high ratings for execution speed and fairness.
Established for over 20 years, indicating some level of experience in the market.
Cons
Lacks proper regulation, which raises concerns about safety and trustworthiness.
Does not support popular trading platforms like MT4 or MT5, limiting trading options for users.
No client insurance available, which could pose a risk for traders' funds.
SMSL Similar Brokers Safe
Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.
SMSL latest industry rating score is 1.55, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.55 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.