High Risk
Reported as a scam / unregulated
SF-706281registry entry
Why SMGbroker is on the register
SMGbroker claims to be a reliable broker while presenting zero details about its regulation and its company address. Investors should beware of such brokers as lacking the above information is a distinctive characteristic of an unlicensed broker. The truth is that SMGbroker 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.