SmartSTP Review: A Swiss Police Warning and a Rebrand It Does Not Mention
SmartSTP is operated by MRL Investments (MU) Ltd, registration 187076GBC, under Mauritius FSC licence GB21027168. The Swiss cybercrime police platform cybercrimepolice.ch added smartstp.com to its warning list of suspicious online platforms on 12 August 2024. Third-party review sites describe SmartSTP as a rebrand of Equiity, which the company's own site does not mention. We score it 3.0 out of 10.
Quick facts
| Legal entity | MRL Investments (MU) Ltd |
|---|---|
| Licence number | GB21027168 |
| Founded | Unknown |
| Headquarters | 7th Floor, Tower 1, NeXTeracom, Cybercity Ebene 72201, Mauritius |
| Minimum deposit | $250 |
| Spread from | Un |
| Maximum leverage | 1:200 |
| Platforms | Desktop and web-based platform, plus WebTrader |
| Instruments | Forex | Crypto | Stocks | Indicexs | Commodities |
| Segregated funds | Not evidenced; no custodian bank named |
| Website | smartstp.comnot linked: see our verdict |
Why the score is where it is
1. It is on a Swiss police warning list
On 12 August 2024, cybercrimepolice.ch, the Swiss cybercrime reporting platform operated by the Zurich cantonal police, added smartstp.com to its warning list under the category of suspicious online platforms. The stated basis is that the site was reported by users for suspicious activity.
We want to be precise about what that is and is not, because precision is the point of this site. It is not a financial regulator’s enforcement action and it is not a finding of fraud. It is a police cybercrime unit publishing that it has received user reports about a platform, and it sits at a lower evidential weight than an AMF blacklist entry or a Malaysian investor alert. It is still a public authority naming the domain, and it belongs in the score.
Source: cybercrimepolice.ch warning list entry for smartstp.com, 12 August 2024.
2. The rebrand the site does not mention
Multiple third-party review platforms describe SmartSTP as a rebrand of a previous broker called Equiity, and index their coverage under titles to that effect. We could not confirm this from a primary source, and SmartSTP’s own site makes no reference to a former name at any point.
So we report it as what it is: a widely repeated third-party claim that the company has not addressed. The relevant point for a prospective client is not whether the rebrand happened but that the site offers no operating history at all. If a broker has traded under a previous name, saying so costs nothing and settles the question. Silence leaves a reader relying on forum posts.
3. The licence is genuine and thin
SmartSTP discloses MRL Investments (MU) Ltd, registration 187076GBC, at NeXTeracom Tower 1, Cybercity Ebene, Mauritius, under Financial Services Commission licence GB21027168.
The Mauritius FSC is a real government regulator with a public register, which puts SmartSTP well ahead of the Comoros MISA brokers we have reviewed. It remains our weakest tier. There is no investor compensation scheme, against 85,000 pounds per person per firm under the UK’s FSCS and 20,000 euros under the Cyprus fund. There is no ombudsman with jurisdiction to order a payout. There is no statutory retail leverage cap, which is how 1:200 is offered where a UK, EU or Australian retail account is held to 30:1 on major pairs. Segregation is not evidenced and no custodian bank is named.
4. The complaint record is poor without being catastrophic
SmartSTP’s Trustpilot profile carries a score in the region of 1.9 out of 5 across roughly 300 reviews. That is a bad score. It is worth noting what is not true: unlike Capitalix, CapPlace, TradGrip and SuxxessFX, SmartSTP’s rating has not been suspended and no fake reviews have been removed by the platform. The complaints are being allowed to stand, which is a lower-grade finding than having a score taken away.
5. What is not published
SmartSTP advertises up to 1:200 leverage and describes its spreads as competitive without publishing a figure. There is no minimum deposit, no spread table, no commission schedule, no swap table, no withdrawal fee and no withdrawal processing time that we could find.
Who SmartSTP will accept
It states it does not offer CFDs to residents of the United States, Canada, Iran, Iraq, North Korea, Myanmar or Russia. Neither the European Union, the United Kingdom nor Switzerland appears on that list, which is worth holding alongside the Swiss warning-list entry.
Questions traders ask
Is SmartSTP regulated?
Yes, by the Mauritius Financial Services Commission under licence GB21027168, held by MRL Investments (MU) Ltd. That is a genuine regulator with a public register, and it is our weakest tier: no compensation scheme, no statutory leverage cap and no ombudsman.
Was SmartSTP previously called Equiity?
Third-party review sites say so. We could not confirm it from a primary source and SmartSTP’s own site does not mention any former name. We report the claim and the absence of any company response to it, rather than treating either as settled.
Why is SmartSTP on a Swiss warning list?
cybercrimepolice.ch, run by the Zurich cantonal police, added smartstp.com to its list of suspicious online platforms on 12 August 2024 after user reports. It is a police reporting platform rather than a financial regulator, so the evidential weight is lower than a regulator’s blacklist, but it is a public authority naming the site.
What happens to my money if SmartSTP fails?
There is no compensation scheme covering Mauritius-licensed firms of this type, so nothing is guaranteed. No custodian bank is named, so segregation cannot be independently confirmed.
Sources
- smartstp.com legal disclosure: MRL Investments (MU) Ltd, registration 187076GBC, Mauritius FSC licence GB21027168, registered address, leverage and restricted jurisdictions. Checked 2 September 2026.
- cybercrimepolice.ch, warning list entry for smartstp.com under suspicious online platforms, 12 August 2024.
- Trustpilot profile for smartstp.com, approximate score and review volume. Rating not suspended.
- FSCS and Cyprus ICF compensation limits and FCA, ESMA and ASIC retail CFD leverage rules, used for the tier comparison.
Answered in detail
Safer alternatives
Rated Trusted or Neutral against the same six pillars. These link to our own reviews, not to the brokers, and no broker can pay to appear here.