Smartbit Boost: Legit Trading Bot or Scam?

Rating

2.8
/10

Company Details

  • Website
smartbitboost.ioOnline
smartbit-boost.tradeOnline
smartbitboost.proOnline
  • Phone
Unknown
  • Email
Unknown
  • Address
SmartBit BoostSmartbitbooioSmartbit-bootradeSmartbitboopro
  • Company
Unknown
Unregulated
This company is not authorized or licensed by any financial regulator.

  • Website
smartbitboost.ioOnline
smartbit-boost.tradeOnline
smartbitboost.proOnline
  • Phone
Unknown
  • Email
Unknown
  • Address
SmartBit BoostSmartbitbooioSmartbit-bootradeSmartbitboopro
  • Company
Unknown

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.

Key Takeaways

  • Smartbit Boost is an AI trading bot with suspicious claims and no verifiable licensing.
  • The platform has a CNMV warning and operates without any regulatory oversight.
  • Its website features deceptive marketing tactics and lacks transparency.
  • The advertised 99.4% success rate is highly improbable and misleading.
  • Smartbit Boost operates as an intermediary, potentially leading users to unregulated third-party services.

SmartBit Boost App Red Flag Score

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.

CategoryScoreAnalysis
Terms & Conditions🚩🚩🚩🚩 — 4/5The 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🚩🚩🚩🚩🚩 — 5/5Received a CNMV alert. The service isn’t regulated in any way.
Available Information and Transparency🚩🚩🚩🚩🚩 — 5/5The “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.

What is SmartBit Boost?

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.

smartbit_boost_youtube
Smartbit Boost Youtube chanel

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.

smartbit_boost_header
SmartBit Boost homepage banner

However, you’ll see that not every section of the site is as confident.

Analysis of SmartBit Boost

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.

Financial Authorities Licensing

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.

smartbit_boost_cnmv_warning
CNMV warned against SmartBit Boost

SmartBit Boost’s Apologetic Terms & Conditions

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”.

smartbit_boost_terms
SmartBit Boost T&C

By reading these terms, we also clearly confirm that Smart Boost is an operator (affiliate) advertising a product from a partner (probably unregulated brokers).

smartbit_boost_operator
SmartBit Boost advertises a product

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).

SmartBit Boost’s Product Presentation: a Brilliant Work of Fiction?

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.

smartbit_boost_cysec_brokers
SmartBit Boost claims to work with regulated brokers

SmartBit Boost Transparency Issues

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. 

Is SmartBit Boost Worth It?

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.

Is SmartBit Boost a legitimate trading bot?

No, it’s likely a scam due to its lack of regulation, misleading claims, and CNMV warning.

Does SmartBit Boost work with regulated brokers?

It claims to, but provides no evidence to support this.

How much does SmartBit Boost cost?

To use SmartBit Boost, you will need to deposit $250 on a broker they redirect you to.

What are the red flags with SmartBit Boost?

Unrealistic promises, hidden fees, misleading marketing, lack of transparency, and a CNMV warning.

Table Of Contents
Share

Share Your Story

Subscribe
Notify of
guest

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
© 2024 AlertoPedia.com. All rights reserved. The content on this website is for informational purposes only and should not be considered financial advice. Links to third-party sites may result in compensation through affiliate partnerships.
How We Rate
how we rate

At AlertoPedia, we rate companies based on several key factors including regulatory status, website status, geographical licensing, and historical data concerning any warnings or sanctions from financial authorities, reflecting the company's trustworthiness. 

Regulatory Influence

The licensing status of a company plays a significant role in our review process. Companies regulated by reputable authorities typically receive a more favorable rating, reflecting their adherence to stringent financial standards and consumer protection laws. 

Ongoing Monitoring

Ratings are initially established based on the most current data available and are subject to change based on new information or regulatory actions. We continuously monitor regulatory actions and company behavior to ensure our ratings remain current and accurate.