Private-market and alternative-investment platforms
Broker Review
SMBX
Founded or launched in 2016 by Benjamin Lozano, SMBX lists small-business bonds in $10 denominations on a FINRA-regulated platform. Its service model, regulatory registrations and custody arrangements should be considered together because the customer-facing name may span more than one legal entity. The company is privately held or not separately listed, so no public market capitalization is available.
Strengths
- Lists small-business bonds in $10 denominations on a FINRA-regulated platform
Drawbacks
- At SMBX, investors must evaluate valuation methodology, holding periods, transfer limits and the absence of exchange liquidity
Profile
What you can trade
Lists small-business bonds in $10 denominations on a FINRA-regulated platform. The available deals are not interchangeable with public stocks and commonly carry holding-period, transfer or accreditation constraints.
Account types
Individual or entity investment account, usually requiring identity checks and sometimes accredited-investor verification before an offering can be purchased. The registration structure reflects the fact that the service lists small-business bonds in $10 denominations on a FINRA-regulated platform.
Platform
SMBX provides web and mobile account access; desktop software, APIs and third-party integrations are available only where specifically supported. The resulting workflow is tailored to a business that lists small-business bonds in $10 denominations on a FINRA-regulated platform.
Who it suits
Best suited to SMBX customers whose principal requirement is the capability described in this profile, rather than investors choosing a broker only because of a zero-commission headline.
Where it is offered
Each SMBX offering establishes its own eligible states and investor standard. Some deals accept non-accredited U.S. investors, while others are restricted to accredited persons or entities and remain unavailable where qualification is incomplete.
Regulation and sources
Official website: https://thesmbx.com/ Regulatory status should be verified through FINRA BrokerCheck, SEC/IAPD, NFA BASIC, state regulators or applicable alternative-asset disclosures. Last verified: 2026-08-11.