Suspected of fraudAuto Smart Market
1-2Year
Basic Information
Country
AmericaMarket Type
foreign exchangeEnterprise Type
BrokerageService
Cryptocurrency trading, foreign exchange trading, energy, stocks, indices and other financial derivatives investmentSupport Languages
EnglishDomain Registration Date
2022-01-03Business Status
Suspected of fraudCompany IntroductionWeb Analytics
Company Introduction
Auto Smart Market (ASM), claiming to have been founded in 2010, is a platform offering forex, cryptocurrency, and contracts for difference (CFD) trading services. However, unlike established brokers, ASM lacks transparent regulatory background and verifiable license information, and its website only emphasizes slogans such as "over 770,000 global users" and "ultra-fast account opening." The platform's focus is on extremely high leverage, high short-term returns, and quick registration without KYC. These features fail to meet industry compliance standards and instead expose high risks and potential fraud. Overall, ASM has not established a reliable reputation within the industry, making it more likely to be perceived as a high-risk platform that attracts retail investors with promises of high returns.
🌐Global layout and brand background
Unlike traditional licensed brokers that expand globally and in compliance with regulations, Auto Smart Market does not disclose its headquarters address or its actual operations in major financial markets. Its claim of "multinational clients" is more a website promotion than a regulatory-verifiable compliance record. The lack of transparency regarding its background and capital backing has left ASM's brand lacking credibility within the industry. For investors, this ambiguous positioning makes accountability extremely difficult in the event of a dispute, and carries significant financial risks.
💹Trading products and services
The ASM website lists CFDs on forex, indices, precious metals, commodities, and cryptocurrencies, claiming compound returns of 45%–120% over a short period of time. However, these promised returns are far higher than reasonable market rates and significantly below the typical annualized returns of 5%–20% offered by regulated platforms. These products are primarily high-risk contract instruments, lacking physical delivery and making them extremely unsuitable. External analysts generally point out that such extreme returns are more typical of Ponzi schemes or high-risk projects than reliable trading services.
💻Trading technology and platform experience
ASM claims to have independently developed its trading platform, which supports desktop, web, and mobile platforms and features a simple interface. However, the website does not offer independent third-party execution speed or stability testing, nor does it support compatibility with mainstream trading platforms such as MT4/MT5. For investors seeking real liquidity and secure execution, this "black box" trading environment presents an extremely high risk, making it nearly impossible for investors to verify the authenticity of matched orders.
🛡️Regulatory compliance and fund security
Auto Smart Market's biggest weakness lies in compliance. The platform does not publicly disclose any license numbers or indicate which regulatory body directly oversees it. It is also impossible to verify whether client funds are segregated and held in custody, a stark contrast to established brokers regulated by the FCA, ASIC, or CySEC. This lack of compliance means that investor funds have little legal protection should the company become compromised.
⚡Trading conditions and experience
ASM advertises "up to 100x leverage" and "ultra-fast account opening," seemingly offering attractive conditions. However, combined with its promise of high returns and opaque fee structure, these conditions can become investment traps. For example, the platform charges a withdrawal fee of up to 20% , far exceeding the industry average and significantly eroding investor profits. The combination of high leverage and high fees puts most ordinary investors in a highly unfavorable risk position.

🎓Customer support and value-added services
ASM claims to offer 24/7 customer support, but user feedback generally questions its efficiency and problem-solving capabilities. Compared to the transparent educational resources and market research offered by established brokers, ASM's education and value-added services offer little substance, offering only superficial "risk warnings" and simple documentation that fail to truly help clients improve their trading skills.

⚠️Risk Warning and Platform Positioning
Forex and CFD trading are inherently risky, and ASM's high leverage, promises of high returns, and lack of regulatory oversight further magnify these risks. The platform's positioning seems more like a gimmick to attract inexperienced investors with high returns than a transparent and secure trading environment. For investors who prioritize capital security and long-term growth, ASM is not a suitable option.
🔍Comprehensive analysis and evaluation
From a comprehensive analysis, the main problems of Auto Smart Market are:
The company's background is unclear, and its real office address and regulatory license are not disclosed.
High return promotion and high leverage conditions seriously deviate from industry norms
The platform fees are extremely opaque, especially the high withdrawal fees
The security of customer funds is not guaranteed and there is a lack of third-party regulatory support.
As a result, ASM platforms are often perceived as high-risk or even questionable. For investors, ASM lacks long-term investment value, and its lack of capital security and compliance regulations makes it a platform to be avoided with caution.
Selected Enterprise Evaluation
1.88
Total 4 commentsAuto Smart Market promises unrealistic returns and offers up to 100X leverage, but it lacks transparency regarding regulation and licensing. The withdrawal fee of 20% is extremely high compared to industry standards, making it an unattractive and risky choice for serious investors.
Reply
While the platform advertises fast onboarding and a wide range of assets, the absence of verifiable regulatory oversight and unclear company details raise major red flags. It may appeal to high-risk traders, but overall, Auto Smart Market cannot be considered a safe or reliable broker.
Reply
Exercise extreme caution when engaging with this website. Deposits are accepted easily, but withdrawals are consistently blocked. My attempts to recover funds for over a week have been unsuccessful, and the so-called “financial manager” became hostile when questioned. Many of the platform’s positive reviews also appear inauthentic. If you encounter similar issues, consider seeking professional chargeback assistance. You may contact Madam Doris at Email: dorisashley71 @ gmail. com or via WhatsApp at +1 .- (404) -.721.-56.-08.
Reply
I was unfortunately targeted by an online investment scam after investing more than $2M based on promised high returns. When I attempted to withdraw funds, my account was frozen, and the platform demanded additional “verification” payments—an immediate red flag I later worked with an asset-recovery professional who helped me recover a portion of the lost funds (about $450,000). While experiences and outcomes differ, I appreciated the support throughout the process. This incident highlights the importance of strong cybersecurity awareness: Email: (dorisashley71 (@) gmail. com ) or via WhatsApp at +1 .- (404) 721 56 08.) always verify platform legitimacy, conduct independent research before investing, and be cautious of platforms requiring unexpected payments for withdrawals. Staying informed is crucial to protecting your financial assets in the digital space.
Reply
~ There's nothing more ~
About Auto Smart Market's questions
Ask:Is Auto Smart Market subject to authoritative financial regulation?
Answer:Although ASM claims on its website that it is "regulated and regularly audited in multiple countries," it does not provide any verifiable regulatory license numbers or the names of regulatory bodies. This is completely different from legitimate brokers that are strictly regulated by the FCA, ASIC, CySEC, and other institutions. This lack of transparent regulatory background means that investors will find it difficult to seek legal redress if they encounter disputes or financial losses.
Ask:What are the transaction costs in ASM?
Answer:ASM's fee structure is highly opaque, especially its withdrawal fees, which are as high as 20%, far exceeding the industry average (regulatory brokers typically charge 0–3%). Furthermore, the platform's lack of disclosure regarding spreads and other hidden fees significantly increases trading costs and uncertainty for investors. This presents a significant risk for investors sensitive to capital security and costs.
Ask:Are the high returns promised by ASM credible?
Answer:ASM's official website claims of "short-term returns of 45%–120%" are far higher than the industry norm. Regulated brokers would not guarantee such high returns, as forex and CFDs are inherently high-risk products. Such unrealistic profit promises are typical of high-risk platforms or Ponzi schemes, and investors should be highly vigilant.
