A cloned platform, we had 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 an intensive investigation, we learned that this platform is headed for disaster. From time to time, their website gets power down by authorities only 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 with this platform is a platform called DTrader (i.e. it's the very first platform upon login to Deriv).
DTrader has similarities with SmartTrader and there is a DTrader review on this site as well as a Deriv review. However SmartTrader contains more options and multiplier trade types.
License and Registration of Smart Trader
Smart Trader isn't mentioning any compliance on the homepage. Remember that this is a cloned website that's no transparency. They are selling the idea of a platform that's before its time. Without a valid permit from authorities, investors are risking their deposits. The fact that the Indian regulatory body doesn't recognize this platform is cause for worry. There will be 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 internet site would sometimes go dark. Their homepage would read that something is happening soon. They claim to be focusing on their website to improve their brand presence. They are the reasons they provide when their platform is down. The particular reason is that the platform is facing backlash from regulators. It is most beneficial 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 and also this contains SmartTrader. SmartTrader offers the absolute most ways currently to trade options and multipliers. SmartTrader can be acquired across the globe, however many regions have restrictions about what might be traded. SmartTrader is for those who desire to trade options and multipliers, with fixed time trades from 1 second to 1 year and with the capability to select a wide range of trade types. Payouts can range from significantly less than 100% to more than 200%, for successful trades.
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