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
| Web: | https://smartfx.com/ |
| License: | VFSC |
| 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 |
| Contact: | support@smartfx.com +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. | 1:400 |
| 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: |  |
| MetaTrader 4: |  |
| Other trading platforms: | MetaTrader 5 |
| Social trading: | |
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 https://smartfx.com/.
Spreads at SmartFX on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 1.2 | 2.2 | 1.8 | 1.9 | 2.0 | 1.5 |
* 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 NAGAMarkets.eu
WHAT DO THEY OFFER?
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.
WHAT WILL YOU NEED?
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.
HOW TO BEGIN?
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.
WHY CHOOSE SMARTFX?
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.
WHERE DOES SMARTFX OPERATE?
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.
WHAT IF YOU ARE A BEGINNER?
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.
DAILY MARKET ANALYSIS & INSIGHTS?
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.
SMARTFX’S REPUTATION
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.
FUNDING:
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.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of XTB. |
 | | 100 USD | 0.8 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 19.04.2024 at 11:12 from the web or trading platform of Plus500. |
* 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 https://smartfx.com/ and register now for a hassle-free trading experience.