The Tool Desk
Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →SMFX is not currently operating as an active trading brand. The former SMFX website, smfx.com, is reported as inactive, while the Cyprus company previously associated with the name now operates under the Scope Markets and Scope Prime trade names.
That distinction matters. Older SMFX reviews describe an MT4 broker with Standard, VIP and ECN accounts, a $100 minimum deposit and leverage as high as 1:500. Those details should not be treated as current offers. The verifiable successor service is Scope Markets, operated by SM Capital Markets Ltd under CySEC licence 339/17.
What happened to SMFX?
SM Capital Markets Ltd is registered in Cyprus under company number HE 346068. The current CySEC register lists licence 339/17 and identifies Scope Markets and Scope Prime as approved trade names. It does not list SMFX as an approved current trade name.
The company’s official website directs visitors to scopemarkets.eu. CySEC’s approved-domain list identifies smcapitalmarkets.com, scopemarkets.eu and scopeprime.eu as the relevant domains. smfx.com is not included.
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Therefore, there is no sound basis for describing SMFX as a broker currently accepting new customers. Someone searching for “SMFX features” is effectively looking at a legacy brand or at the current Scope Markets service that replaced it.
Current successor: Scope Markets
Scope Markets says it serves retail traders across the European Economic Area, subject to its regional restrictions. Its registration page uses the SCOPE MARKETS name, and its current product pages promote MetaTrader 5 rather than MetaTrader 4.
The applicable regulatory identity should be checked before opening an account. A broker’s logo or a search-engine result is not enough: compare the legal entity, licence number and domain with the regulator’s register.
Accounts and trading conditions
The current Scope Markets account page displays two account sections:
| Account | Minimum deposit shown | Platform | Maximum leverage | Average spreads from |
|---|---|---|---|---|
| One Account | $200 equivalent | MetaTrader 5 | 1:30 | 0.7 pips |
| Plus Account | $10,000 equivalent | MetaTrader 5 | 1:30 | 0.6 pips |
Both account sections show USD, EUR and GBP as account currencies, a minimum trade size of 0.01 and a 50% stop-out level. The displayed commission is $0 per lot per side, except for CFD shares.
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There is an important inconsistency in the deposit information. The account page shows $200 for the One Account, while the deposits-and-withdrawals page describes $500, €500 or £500 as the recommended minimum amount and lists $200 as the bank-transfer minimum deposit. A recommended amount is not the same as an account-opening minimum, so prospective customers should ask the broker to confirm the amount that applies to their chosen account and payment method.
Markets available
Scope Markets advertises access to:
- Forex
- Energies
- Metals
- Futures
- EU shares
- Cryptocurrencies
- Indices
- Hong Kong shares
- Commodities
- U.S. shares
- Stocks
The broker’s forex page claims more than 40 currency pairs. Its stocks page claims more than 1,000 real stocks, while the main site lists 25 ETFs. These figures describe the advertised product range, not a guarantee that every instrument is available to every client or account.
The published dealing hours include forex from 00:01 to 23:58, GMT+3, Monday to Friday, and U.S. stocks from 16:30 to 23:00, GMT+3, Monday to Friday. Trading hours, spreads, swaps and contract specifications should be checked inside MT5 before placing an order. The broker says its website tables are indicative.
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Platform: MT5, not the old MT4 setup
The current Scope Markets platform is MetaTrader 5. It is offered through:
- Desktop software
- WebTrader
- iOS
- Android
The official MT5 page lists six types of pending orders, two types of stop orders, charting and technical-analysis tools, Expert Advisor support and MQL5 compatibility for scripts, robots and indicators.
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Older SMFX reviews commonly described MT4 access through desktop, web and mobile applications. That may accurately describe the historical service, but it should not be used to tell a new customer what platform is currently available. MT4 and MT5 are separate platforms; an old MT4 login, indicator or Expert Advisor is not automatically evidence of access to the current Scope Markets account.
Deposits and withdrawals
The current official deposits page lists bank transfer as a payment method with the following terms:
| Item | Published information |
|---|---|
| Deposit processing | 3–5 business days |
| Withdrawal processing | 3–5 business days |
| Deposit fee | Free |
| Withdrawal fee | Free |
| Minimum deposit | $200 or equivalent |
| Minimum withdrawal | $100 or equivalent |
| Supported currencies | EUR, USD and GBP |
“Free” refers to the broker’s listed bank-transfer charge. A sending or receiving bank can still impose its own fee, currency-conversion charge or intermediary-bank deduction. Before funding an account, check the beneficiary details in the authenticated client area and confirm that they match the regulated company.
Risk disclosure and leverage
The Scope Markets registration page states that 72.22% of retail investor accounts lose money when trading CFDs with the provider. Other current Scope Markets pages display 73.68%. These percentages should not be merged into one figure: they may relate to different reporting periods or page updates. Anyone quoting the statistic should identify the exact page and the date it was checked.
The current Cyprus retail account page lists maximum leverage of 1:30. This is materially different from older SMFX material that mentioned leverage up to 1:500, generally associated with an offshore entity. High leverage increases the speed at which a small price movement can consume account equity; it is not an indication of lower trading costs or lower risk.
Rank #4
- ✔【Design Inspiration】It's time for you to make your mark in the stock market. Green picture background draws its unique design inspiration from stock WIN, symbolizing good luck and stock guidance. JIKIOU hopes bring good luck and profession to every customer
- ✔【Stock Market Mouse Pad】Designed for Stock Market Invest. Included candlesticks reversal indicators and some useful charts for selling or stopping, and it was orderly organized in an easy-to-find arrangement, grouped into frequently used operations such as investing beginners, and day trader for trading
- ✔【Clear Stock Analysis】Features an extensive collection of trading chart patterns, indicators, and formation guides, clearly illustrated candlestick patterns, trend lines, support/resistance levels, and so on with color-coded visuals
- ✔【Print Quality】 Stock market at your finger tips, clear print, easy to use and save the effort of looking up stock market operations on web pages or books
- ✔【Durable & Non-slip】Features delicate edges which can prevent wear, deformation and degumming in prolonged use, and the natural rubber base prevents sliding on most surfaces
Historical SMFX claims versus current information
| Older SMFX claim | How it should be treated now |
|---|---|
| MT4 as the trading platform | Historical; the successor currently promotes MT5 |
| Standard, VIP and ECN accounts | Historical; current pages show One Account and Plus Account |
| $100 minimum deposit | Outdated; current pages show $200 and a $500 recommended amount in different contexts |
| Up to 1:500 leverage | Not a current Cyprus retail condition; current maximum shown is 1:30 |
| SMFX as a CySEC-approved name | Not supported by the current register; Scope Markets and Scope Prime are listed |
| SMFX-specific withdrawal instructions | Cannot be verified against an active SMFX portal |
| 24/7 SMFX support | Not a current, verifiable SMFX service claim |
How to verify the service before depositing
- Start at the regulator’s register, not an advertisement or review page.
- Confirm that the legal entity is SM Capital Markets Ltd, company number HE 346068, and that the licence shown is CySEC 339/17.
- Use an approved domain such as
scopemarkets.eu; treat a site using the old SMFX name or an unfamiliar domain as a warning sign. - Read the current account, costs and client-agreement documents. Do not rely on archived claims about MT4, $100 deposits or 1:500 leverage.
- Check the instrument’s live spread, swap, contract size and trading hours in MT5 before trading.
- Test the withdrawal process with a modest amount and retain bank records, confirmations and account statements.
Verdict
SMFX should not be reviewed as a live broker. The brand appears to be inactive, and the current CySEC records do not list SMFX as an approved trade name or smfx.com as an approved domain.
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1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitchesThe current, verifiable successor is Scope Markets. Its advertised features include MT5 access across desktop, web and mobile, forex and multi-asset CFD trading, One and Plus account sections, 1:30 maximum retail leverage and bank-transfer deposits and withdrawals. Those features belong to Scope Markets—not to an active SMFX product—and the inconsistent deposit wording and CFD loss-rate figures warrant confirmation before any funds are sent.
FAQ
Is SMFX still an active broker?
No current evidence supports treating SMFX as an active broker accepting new registrations. The former SMFX website is reported as inactive, and the associated Cyprus company now uses the Scope Markets and Scope Prime trade names.
What is the current replacement for SMFX?
The verifiable current European service is Scope Markets, operated by SM Capital Markets Ltd under CySEC licence 339/17. Scope Prime is also listed as an approved trade name.
Does the current service use MT4 or MT5?
Scope Markets currently promotes MetaTrader 5 through desktop, WebTrader, iOS and Android. Older references to SMFX and MT4 are historical and should not be assumed to apply to a new account.
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What is the current minimum deposit?
The Scope Markets account page shows $200 equivalent for the One Account. Its deposits page also lists $200 as the bank-transfer minimum, but recommends $500, €500 or £500. Confirm the applicable amount directly before depositing.
What leverage does Scope Markets offer to retail clients?
The current Cyprus retail account page lists maximum leverage of 1:30. Older SMFX references to 1:500 should not be treated as current Cyprus retail terms.
Is Scope Markets regulated?
SM Capital Markets Ltd is listed by CySEC under licence 339/17, company number HE 346068. Verify the entity, licence and domain on CySEC’s register before opening or funding an account.
The Bottom Line
Bottom line: SMFX is a legacy, inactive brand rather than a current broker to review or fund. The current regulated successor is Scope Markets, with MT5, two displayed account sections, multi-asset access and 1:30 maximum retail leverage. Verify the legal entity, approved domain, minimum deposit and withdrawal terms at the point of application, because older SMFX reviews contain materially different—and now outdated—figures.
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