SmartPlus Inc. (smartplus.inc) positions itself as a financial transformation platform aimed at helping individuals achieve "Financial Fullness" through a combination of education, investment plans, and community engagement. While the company presents an appealing vision, it's essential to examine both the advantages and potential concerns associated with becoming a member.
🌟 What Is SmartPlus?
SmartPlus offers a membership-based program that includes access to financial education, networking opportunities, and investment plans. Members, referred to as "Smarters," can participate in various plans, such as Smart+ Packs and Additional Plans (APs), which promise monthly benefits ranging from 2% to 8%, depending on the investment amount and duration . The company emphasizes a community-driven approach, encouraging members to grow their network and participate in exclusive events.
✅ Pros of Joining SmartPlus
1. Structured Financial Education
SmartPlus provides a comprehensive educational program called Smart+ Basics, designed to equip members with financial knowledge and tools to manage their resources effectively.
"Smart+ has helped me broaden my financial education and improve my ability to network with innovative people who have contributed to my constant evolution."
2. Community and Networking Opportunities
The platform fosters a sense of community among its members, offering opportunities to connect with like-minded individuals and participate in events aimed at personal and financial growth.
3. Potential for Returns
Members can invest in various plans that promise monthly benefits. For example, a $10,000 investment in a Smart+ Pack could yield a 7% monthly benefit, according to the company's strategy presentation .
⚠️ Cons and Concerns
1. Regulatory Status
SmartPlus operates under an offshore license from the Vanuatu Financial Services Commission, which may not offer the same level of investor protection as top-tier regulators. Additionally, the company has received warnings from financial authorities in Spain and Belgium regarding its operations .
2. Withdrawal Challenges
Several members have reported difficulties in withdrawing their funds, citing delays and lack of communication from the company.
"They have not paid in a few months now. They are having issues with accounts 'randomly' getting locked. Support tickets are not being responded to."
3. High Fees and Long Lock-In Periods
The investment plans often come with significant lock-in periods (up to 24 months) and withdrawal fees of up to 14% if funds are accessed within the first year .
4. Allegations of Deceptive Practices
Some sources have labeled SmartPlus as a multi-level marketing (MLM) scheme with questionable practices, including the use of fake awards and lack of transparency in its operations .
📝 Final Thoughts
While SmartPlus offers an appealing package of financial education and potential investment returns, there are significant concerns regarding its regulatory status, withdrawal processes, and overall transparency. Prospective members should exercise caution, conduct thorough research, and consider the risks before committing to the platform.