Smartbit Boost: Legit Trading Bot or Scam?
Updated: February 18th, 2025
Rating
2.4
/10
Imagine a world where you can make up to x10 on your investment daily. According to Smartbit Boost, this world exists, and they have a lengthy video explaining it. Unfortunately, if this world existed, we wouldn’t be making this review.
Today, our expert will break down yet another shady operation, so grab a snack and enjoy the read.
This part sums up what our investigation showed about this platform. A red flag is a bad point, each category can receive up to 5 flags. You’ll also see a short analysis explaining the score.
| Category | Score | Analysis |
|---|---|---|
| Terms & Conditions | 🚩🚩🚩🚩 — 4/5 | The T&C admit that everything you’ll read is false, that’s art! They also reveal that SmartBit is just an intermediary, not the actual service provider. |
| Licensing | 🚩🚩🚩🚩🚩 — 5/5 | Received a CNMV alert. The service isn’t regulated in any way. |
| Available Information and Transparency | 🚩🚩🚩🚩🚩 — 5/5 | The “contact us” button can be used to go back to the top of the page… |
| Product Presentation | 🚩🚩🚩🚩🚩 — 5/5 | +1 for going through the effort of making a video. Unfortunately, it doesn’t present the product. In fact, the entire page is preying on users’ FOMO without actually explaining what they sell. |
SmartBit Boost presents itself as a revolutionary AI-powered trading tool (again?!). Upon landing on either of their domains, any user should have red flags covering their eyes. On smartbitboost.io, you’ll be able to watch a 2:13 video telling you nothing about the product, except that it can end world poverty and buy you a nice family. We managed to find the YouTube channel hosting this video, and we probably weren’t the only ones, since they deactivated comments and dislikes.
The site uses what is now considered clichés, trying to create a fear of missing out (FOMO). There’s a timer in the banner, it pretends that only a limited number of people can access the tool, and it throws figures at any opportunity.
However, you’ll see that not every section of the site is as confident.
Through this section, our experts will explain SmartBit Boost’s overall score, as seen in the Red Flag score table. You’ll learn more about the deciding factors behind this SmartbitBoost review.
Before even considering a trading tool, we always recommend looking at financial authorities’ public registers. SmartBit Boost, doesn’t come up anywhere, and there’s no registered company to be found. Even worse, the CNMV emitted an alert about this site.
Usually, Terms & Conditions are just a generic text dodgy schemes paste there without paying too much attention. However, this one is masterfully crafted. It’s literally specified that any content seen on the main page is false as it’s “not based on accurate real events or facts”.
By reading these terms, we also clearly confirm that Smart Boost is an operator (affiliate) advertising a product from a partner (probably unregulated brokers).
Therefore, if someone is brave enough to pay $250, they’ll get redirected to another unverified service, which can’t be contacted directly, despite what the Privacy Policy claims (the link simply doesn’t work).
The main hook of this site is, of course, the video. This video starts with a humanitarian message, it asks the viewer if they want to be free from money issues, end poverty, and have time to spend with their loved ones. It immediately plays on the emotions and vulnerability of people. It ends by throwing nonsensical figures, but it hardly explains what the solution is. That’s because their only goal is to get you to register.
Just like the previously reviewed Immediate Definity AI or Immediate Lidex, it’s another ‘99.4% accurate’ tool, and it promises that users can see a x2, x5, or even x10 return on investment daily.
Those who follow trading know that it’s impossible to guarantee this kind of results. It doesn’t even specify which markets users can trade on.
Smartbit Boost suggests that it works with CySEC-regulated brokers without mentioning any specific brokers to confirm this statement.
No address, no contact form, no registration anywhere. This trading solution looks like it doesn’t have an owner who can take responsibility, and that should convince you to never try it. The contact button redirects to the top of the page. The report button redirects to an error message, they didn’t even bother putting a fake address or phone number to pretend like it has customer support.
SmartBit Boost accumulates shortcomings and raises many red flags. The creators of this tool have used all the tricks in the book to convince users to pay them and give their personal information. However, everything indicates that it’s just a cash grab, so we advise staying away from this business.
No, it’s likely a scam due to its lack of regulation, misleading claims, and CNMV warning.
It claims to, but provides no evidence to support this.
To use SmartBit Boost, you will need to deposit $250 on a broker they redirect you to.
Unrealistic promises, hidden fees, misleading marketing, lack of transparency, and a CNMV warning.
| Domain | smartbitboost.io |
|---|---|
| Created Date | N/A |
| Updated Date | N/A |
| Expires Date | N/A |
| Estimated Age (days) | 584 |
| Registrant Organization | N/A |
|---|---|
| Registrant Country | N/A |
| Registrar Name | Gransy, s.r.o. |
|---|---|
| Registrar IANA ID | 1505 |
| Registrar WHOIS Server | whois.regtons.com |
| Registrar Email | abuse@regtons.com |
| Name Servers | N/A |
|---|---|
| Registry WHOIS Server | whois.regtons.com |
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