High Risk
Reported as a scam / unregulated
SF-707911registry entry
Why Smart Profit FX is on the register
There is no any regulatory information on its website. Smart Profit FX presents itself as a partner of the Eightcap brand. It is alleged that Eightcap is regulated in multiple jurisdictions, including by the Australian Securities and Exchanges Commission (ASIC). But even if there is a partnership between the two brands, one company’s licence does not apply to the other. The truth is that Smart Profit FX is not under valid regulation by any regulators to do forex. 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.