Smart-Trades broker Accounts

smart trades Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: smart trades Account Types Overview

smart trades Account Types Explained

smart trades offers a variety of account types tailored to different trading needs and experience levels. Below is an overview of the available account types:

1. Flex Account

• Minimum Deposit Requirement: None
• Spread/Commission Structure: No commission, spread starting from 1.7 pips
• Leverage Options: Up to 1:100
• Key Features: Simple all-in pricing, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: 144+ instruments

1. Smart Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: No commission, spread starting from 1.0 pips
• Leverage Options: Up to 1:1000
• Key Features: Lower spreads for active traders, no commission until balance grows
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: 2000+ instruments

1. Elite Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Commission of 0.2 pips per side, raw spreads
• Leverage Options: Up to 1:500
• Key Features: High volume trading, VPS, tighter controls
• Target User Profile: Professional traders
• Trading Instruments Available: 144+ instruments

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Flex Account
• Intermediate Traders: Smart Account
• Advanced Traders: Elite Account

Part 2: smart trades Account Features Comparison

Detailed smart trades Account Features

When comparing the features of smart trades account types, consider the following aspects:

• Minimum Deposit:

• Flex Account: None

• Smart Account: $100

• Elite Account: $1,000

• Maximum Leverage:

• Flex Account: Up to 1:100

• Smart Account: Up to 1:1000

• Elite Account: Up to 1:500

• Spreads (Typical/Minimum):

• Flex Account: 1.7 pips

• Smart Account: 1.0 pips

• Elite Account: 0.0 pips

• Commission Fees:

• Flex Account: None

• Smart Account: None

• Elite Account: 0.2 pips per side

• Lot Size (Micro/Mini/Standard):

• All accounts: Minimum lot size of 0.01 lots

• Available Trading Platforms:

• All accounts: MetaTrader 4 & MetaTrader 5

• Execution Type:

• Flex Account: Market execution

• Smart Account: Market execution

• Elite Account: ECN execution

• Islamic Account Availability:

• Available upon request for all account types

• Swap-Free Options:

• Offered for Islamic accounts

• Demo Account Features:

• Available for all account types with virtual funds for practice

Advantages of Each Account Type

• Flex Account:

• No minimum deposit requirement

• Simple pricing structure

• Ideal for beginners

• Smart Account:

• Lower spreads for active trading

• No commission until balance grows

• Access to a wide range of instruments

• Elite Account:

• Raw spreads and professional trading conditions

• Suitable for high volume traders

• Additional features like VPS

Disadvantages of Each Account Type

• Flex Account:

• Higher spreads compared to other accounts

• Limited features for advanced trading

• Smart Account:

• Minimum deposit requirement may be a barrier for some

• Spreads may not be competitive for very high volume trading

• Elite Account:

• High minimum deposit requirement

• Commission fees may add to trading costs

Part 3: smart trades Account Opening Requirements

smart trades Account Registration Requirements

To open a smart trades account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Availability may vary by region; check local regulations.

• Prohibited Countries: Specific countries may be restricted; consult the smart trades website for details.

• Identity Verification Documents Needed:

• Government-issued ID (passport, national ID, or driver's license)

• Proof of residence (utility bill, bank statement, or lease agreement)

• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

• KYC/AML Compliance Procedures:

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Part 4: smart trades Account Opening Process

Step-by-Step smart trades Account Opening Guide

1. Visit the Website and Click Registration: Navigate to the smart trades official website and locate the registration button.
2. Personal Information Entry: Fill in your personal details including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and strategies.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the smart trades team to verify your documents.
7. Fund Your Account: Once verified, deposit funds into your account using the available payment methods.
8. Start Trading: Access the trading platform and begin your trading journey.

• Desktop vs Mobile Registration Differences: The registration process is similar on both platforms, but mobile users may have a simplified interface.
• Common Registration Issues and Solutions: Ensure all documents are clear and legible; incomplete submissions can delay verification.
• Average Account Approval Time: Typically 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact customer support to request changes to your account type.

Part 5: smart trades Demo Account Information

smart trades Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments and features without financial risk.

• Ideal for practicing strategies and familiarizing with the trading platform.

• How to Open a Demo Account:

• Follow the same registration process and select the demo account option.

• Demo Account Limitations:

• Limited virtual funds compared to live accounts; may not reflect real market conditions.

• Virtual Balance Amount:

• Typically $10,000 in virtual funds.

• Demo vs Live Account Differences:

• Live accounts involve real money and actual market conditions, while demo accounts use virtual funds.

• Duration/Expiry of Demo Accounts:

• Demo accounts usually remain active for a limited time; check specific terms on the smart trades platform.

Part 6: smart trades Islamic Account (if available)

smart trades Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Islamic accounts are available upon request for traders who require compliance with Sharia law.

• Eligibility Requirements:

• Must provide documentation to verify eligibility for an Islamic account.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees, which are typically charged for overnight positions.

• How to Apply for Islamic Account:

• Indicate the request for an Islamic account during the registration process or contact customer support.

• Restrictions or Special Conditions:

• Islamic accounts may have specific trading conditions; consult the smart trades website for details.

FAQs – smart trades Account Types & Opening

1. What account types does smart trades offer？

• smart trades offers Flex, Smart, and Elite accounts.

1. What is the minimum deposit for each account type？

• Flex Account: None, Smart Account: $100, Elite Account: $1,000.

1. How long does smart trades account verification take？

• Account verification typically takes 1-3 business days.

1. Does smart trades offer demo accounts？

• Yes, smart trades provides demo accounts for practice.

1. Can I have multiple account types with smart trades？

• Yes, traders can have multiple account types.

1. Does smart trades offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available upon request.

1. What documents do I need to open a smart trades account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.