SmartFX Review

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SmartFX
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General Rating

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4.80/5

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SmartFX is a well-established broker since 2018. SmartFX has headquarters in United Arab Emirates and Vanuatu. They are generally well-suited for SmartFX to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by VFSC 40491.


Company Information

🌐 Website
smartfx.com

Year Established
2018

🌎 Country
Vanuatu

💼 Regulation

Features

👔 Affiliate program

Account Information

Apart from the forex demo account, this broker offers Smart. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by SmartFX is up to 1:400. Meanwhile, you can open an account with a starting capital of $200.

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Min Deposit

$200

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Max Leverage

1:400

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Spread

Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $200

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

Trailing stop

Pending orders

1️⃣ One-click trading

📱 Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, SmartFX also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Smart account, SmartFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:400

Gold & silver

Gold & silver
1:100

Payment Methods

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

SmartFX also provides payment with Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, SmartFX offers you MetaTrader 5.

Customer Support

Do you have any question or find any trouble related to SmartFX? If you do, you should reach SmartFX's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

English

Office Support

Email Support

Call Support

Chat Support



FAQ About SmartFX

Is SmartFX a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if SmartFX is a good broker for you or not by reviewing the criteria. In general, SmartFX provides trading service in Forex , Gold & silver and CFD . As for the payment methods, you can choose between Credit/debit cards, Neteller, Skrill and Wire transfer. The customer support is available via Email, Live chat, Office and Phone.


What is the minimum deposit for SmartFX?

The starting capital in SmartFX is $200.


Is SmartFX regulated?

SmartFX is regulated by VFSC 40491. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is SmartFX legit?

SmartFX is a brokerage company offering trading services for clients since 2018 with offices in United Arab Emirates and Vanuatu.