Smart Forex broker specializes in providing foreign exchange trading services, the company's official website https://smartfxbroker.com/account/live.php, the company's legitimate regulatory information VanuatuVFSCRetail Forex License, to enhance the security of the company's address .
Smart Forex Broker
Basic information
Vanuatu
5-10 years Regulated in Vanuatu Retail Forex License Suspicious Scope of Business Medium potential risk Offshore RegulatedCompany profile
Note: Smart's official website: https://www.smartfxbroker.com is currently inaccessible normally.
Smart Review SummarySmart, a financial company based in Vanuatu, is estabished in 2018 and holds a offshore license. It offers Forex, Commodities, Indices, Shares, and Cryptocurrencies via the MT4 platform.
Pros and Cons
| Pros | Cons |
| MT4 | Non-functional website |
| Multiple assets | Offshore license |
| Lack of transparency | |
| Limited account types |
Is Smart Legit?
| Regulatory Status | Offshore Regulated |
| Regulated by | VFSC |
| Licensed Institution | SMART SECURITIES & COMMODITIES LIMITED |
| Licensed Type | Retail Forex License |
| Licensed Number | 40491 |
What Can I Trade on Smart?
On Smart, you can trade with Forex, Commodities, Indices, Shares, and Cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ❌ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Spread
The “SMART” account type offers high leverage up to 1:400 and spreads starting from 2 pips for basic currency pairs. We didn't find info about initial deposit requirements.
Trading Platform
Smart provides MetaTrader 4 (MT4) for trading.
Deposit and Withdrawal
Smart supports payment methods through bank wire transfers, credit cards, and cryptocurrencies.
Rating Index
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Latest Reviews
Jackie Lee
Singapore
Smartfx's fees are fair, but they aren't necessarily the rock-bottom lowest I've encountered.
Positive
2024-06-28
Anthony Davis
United States
Execution transparency is great, in most cases,trades fill at expected prices. Yet withdrawal fees are just an unnecessary burden.
Neutral
2024-06-26
Adeosun
Cambodia
Crypto trading is complicated here. I couldn't figure out the fees at first, but luckily, my account manager helped me make it clear.
Positive
2024-07-22