Reported as a scam / unregulated
Why SmartTop is on the register
SmartTop claims it was established in 2018. However, when we checked its domain, we found it was newly created in May 2022. So how could it start its business in 2018? It is a red flag here. Besides, SmartTop claims it is headquartered in Australia and has branches in Canada and Hong Kong. According to this info, we searched in several regulatory bodies, including: 1) the Australian Securities & Investments Commission (ASIC); 2) the Investment Industry Regulatory Organization of Canada (IIROC); 3) the Hong Kong Securities And Futures Commission (HK SFC). However, we did not find any match results to this broker in the above watchdogs’ registries. That means SmartTop is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.