Shahjalal Islami Bank Securities
Shahjalal Islami Bank Securities Ltd46.0Regulated
BangladeshEst. 2008SEC
1:11 licence
Is Smart Trader a scam?
Wikilix independent safety report
0%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
High risk (unverified)Our overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: MEDIUMHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
3.0/5Safety rating 3 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.Smart Trader (smarttraderiraq.com) is not a proven scam, but it is a high-risk, unregulated broker that takes real trading money without any financial oversight. It is a small regional broker based i…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation7/10 · HighIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 7/10 (High).Identity & transparency4/10 · ModerateHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 4/10 (Moderate).Withdrawals & conduct3/10 · LowCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 3/10 (Low).Reputation5/10 · ModerateWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 5/10 (Moderate).Website claims5/10 · ModerateWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 5/10 (Moderate).Operational history2/10 · LowHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 2/10 (Low).
Broker Summary
Summary of the broker
Failed to generate article for Smart Trader Iraq..
Regulatory Licenses
Compliance & oversight
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Smart Trader. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
No Funding Methods
Funding method information is not available for this broker yet.
Trading Platforms
Professional trading tools
1 Available
Meta Trader 5
by MetaQuotes Software Corp • 2010
Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit
Social Presence
Digital community engagement
3 platform
Company Registration
Legal entity checked against the official company registry
Legal entity
Smart Trader Company for online trading ltd.
Jurisdiction
Iraq (Kurdistan Region)
Registry
Kurdistan Regional Government - Ministry of Finance and Economy
Registered address
German Village villa no. 46, Malik Mahmud Ring Road, Sulaymaniyah 46001, Kurdistan Region, Iraq
From our latest investigation · Verified Aug 20, 2026
Comments
Share your thoughts and experiences with Smart Trader