Reported as a scam / unregulated
Why SmartyTrade is on the register
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.
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.