A cloned platform, we'd to investigate the Smart Trader (Smarttrader.co) review. They have cloned smartrader.com and desire to confuse naïve investors that the two are similar. The cloned platform is based in India and has exactly the same homepage as the actual trader's website. After conducting a comprehensive investigation, we learned that platform is headed for disaster. From time to time, their website gets power down by authorities simply to resurface a few weeks later. Investors should read this entire post and spot the differences.
Where is SmartTrader ?
On Deriv, SmartTrader is included within its intuitive suite of trading platforms. The centerpiece of the platform is just a platform called DTrader (i.e. it's the first platform upon login to Deriv).
DTrader has similarities with SmartTrader and there's a DTrader review on this web site as well as a Deriv review. However SmartTrader contains more options and multiplier trade types.
License and Registration of Smart Trader
Smart Trader is not mentioning any compliance on their homepage. Remember that this can be a cloned website that has no transparency. They're selling the thought of a platform that's before its time. Without a valid permit from authorities, investors are risking their deposits. The truth that the Indian regulatory body does not recognize this platform is cause for worry. You will see no insurance cover for any deposits made with this platform. And this spells doom for investors.
With a cloned website come numerous risks such as for example sudden closure of the platform. During our investigation, the website would sometimes go dark. Their homepage would read that something is happening soon. They claim to be focusing on their website to boost their brand presence. These are the reason why they give when their platform is down. The specific reason is that the platform is facing backlash from regulators. It is better to stay away from this kind of platform because of the risks involved.
Why SmartTrader ?
SmartTrader was Binary.com's flagship platform. Binary.com has rebranded and moved to Deriv, but this also contains SmartTrader. SmartTrader offers the most ways currently to trade options and multipliers. SmartTrader can be acquired across the planet, however, many regions have restrictions on what might be traded. SmartTrader is for individuals who desire to trade options and multipliers, with fixed time trades from 1 second to 1 year and with the capacity to select a wide variety of trade types. Payouts can vary from less than 100% to higher than 200%, for successful trades Read More.
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