SmartFX review

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SmartFX Trading Broker is a global online Forex Broker which provides the services of trading Forex currency pairs, commodities, stocks, and CFDs. SmartFX is owned and operated by Smart Securities and Commodities Limited. They are Regulated by Vanuatu Financial Services Commission (VFSC) and Authorized to deal with securities by providing all kinds of financial services to their clients, with a registered address at Office 1276, 1st-floor Govant building, Kumul Highway, Port Vila, Vanuatu.

SmartFX upholds strong standards to make trading conditions secure and provide each customer with the ideal trading conditions. It supports Forex traders in acquiring the information and abilities necessary for profitable and ethical trading. SmartFX provides their devoted clients with the most recent market information each day through their Daily Market analysis.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from SmartFX review

About the broker

Readers' rating1 Vote
Supported languages:English and Hindi
Year of foundation:2018
Holder:Smart Securities and Commodities Limited
Headquarters:403, Building 6, Bay Square, Business Bay, Dubai, UAE. P.O. Box – 242644.
Methods of contacting customer support:Live Chat, Call & Email +97144319003
Deposit methods:Debit and Credit Cards, Bank transfer, Neteller, Skrill
Withdrawal methods:Bank transfer

About trading with SmartFX

Minimum deposit:500 USD
Min. trade:0.01
Maximum leverage:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.

Spreads:Look at the spread table – spread on the currency pair EUR/USD is 1.2 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex (43), stocks (2000+), commodities (5), indexes (12), cryptocurrencies (12)
Base currencies:USD, EUR, GBP
Mobile app:Yes
MetaTrader 4:No
Other trading platforms:MetaTrader 5
Social trading:No

Spreads & fees

Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at SmartFX, of course you can find current info on their website

Spreads at SmartFX on standard account*


* Spread was taken 17.5.2019 at 12:31 from the web or trading platform of SmartFX.

Random reviews of competing CFD brokers: GlobalSpotFX, UTrade, ZFX and

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SmartFX has a lot to offer. You may benefit from fast execution, competitive spreads, mobile trading, technical analysis, and more with SmartFX and the well-known MetaTrader 5 trading platform. SmartFX also provides its clients with a variety of features such as:

  • Multi-asset trading, including Forex currency pairs, commodities, futures, indices and stocks.
  • More than 2000 trading instruments are available at SmartFX.
  • Free access to the markets without any minimum deposit requirements.
  • A highly intuitive and user-friendly website and a free mobile app that allows you to trade on the go, providing opportunities to traders who are always on the move.


An internet-connected electronic device (computer, tablet, or smartphone) with a range of apps for both Android and iOS devices, along with a paid live account with SmartFX, is all you need to get started. However, in order to mitigate your risks during trading, you need to be acquainted with the currency market.

Choosing a trading account is always tough, whether you are new to trading or an experienced trader. But at SmartFX, they like to keep things simple; that is why they use the MetaTrader5 Trading platform. It is a special and all-purpose trading account for all of your trading requirements.


SmartFX makes everything quite simple for you, from their registration up to the fund’s deposit. Here are some of the easy steps that you need to follow:

  • Fill out the form on their registration page.
  • Upload your Identity Proof and latest Utility bill on SmartFX Client Portal.
  • Your KYC shall be verified in a few minutes and login credentials shall be sent to your registered mail ID.
  • Lastly, fund your MT5 account, and you are ready to trade.


SmartFX truly wants you to be able to trade with confidence, knowing that your money is safe and secure. By using the MetaTrader5 Trading platform you will get a clear view of your funds. You will be able to monitor their value at any time and see the status of every transaction in real-time.

They provide the best trading platform and conditions so you can focus on the markets. They provide 1600+ US Stocks more than any other brokers in the current market.

You can rely on SmartFX to provide you with up-to-date information about the markets, and their support team will be there for you 24 hours and 5 days a week to guide you and answer to any questions that may arise. Their trading platform is easy to use and intuitive, so even if you are new to trading, they will ensure to give you proper training and the best experience in trading.


SmartFX extends its services to almost all parts of the world, but they do not provide its financial services to residents of the following countries:

Cuba, Iran, Myanmar, Sudan, India, North Korea, Ukraine, Syria, and the United States.


The trading platform is great for beginners as it is easy to understand and user-friendly.

SmartFX hosts weekly Webinars to educate users who are interested in online stock trading and learning how to buy and trade stocks. The Webinars are hosted by industry experts who have vast knowledge about the Forex Market. Through these webinars the beginners are able to learn about the stock market, trading stocks, and smart investing strategies. It increases confidence and makes the users ready to take smart decisions.

SmartFX experts provide the best & detailed training for Meta Trader 5 platform with proper guidance about the Forex market. They ensure the new user covers all the basic steps & information to start trading.

The broker also offers a wide range of educational material for traders. The website features several informational sections like webinars, and an active community forum and blogs.

If you are more of a visual learner, then SmartFX also offers an innovative trading platform that allows you to see live price movements on over 40 different currencies. It is a great way to keep track of the market without monitoring each currency individually.


SmartFX team of experienced traders and analysts provides information about price movements of the global markets on a daily basis. All this is for giving our traders fresh market insights to make their next move. SmartFX Provides Daily Market Analysis & Insights to its Subscribers via email & WhatsApp to keep you up to date and grab opportunities to get in and out of the market.


The broker has a solid reputation in the industry, and many traders recommend and review it as one of the best brokers for Forex trading.

SmartFX is a well-known broker in today’s market, giving services that many brokerage firms do not. They are regulated by Vanuatu Financial Services Commission (VFSC) and have an excellent customer support system.


The deposit and payment methods acceptable in SmartFX are Visa Mastercard, Skrill, Neteller, and wire transfer. The funds are deposited instantly with the exception of wire transfer, which takes around 3 to 5 working days to process. If you wish to withdraw your funds, the processing takes around 1-3 hours for approval.

All withdrawals and deposits are handled between the hours of 10 a.m. and 7 p.m. (GMT+4), Sunday – Friday.

Contact SmartFX or read their Deposit and Withdrawal Policy if you require any further information about depositing or withdrawing money.

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Spread was taken 26.05.2023 at 11:12 from the web or trading platform of Etoro.
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0 0.9 pips
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* The spread is variable for most brokers and changes depending on market volatility.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

If you have any experience with SmartFX, please share it in the comments to help others to choose the suitable broker.

Visit and register now for a hassle-free trading experience.

SmartFX review & user ratings

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