SMART BALANCE Forex Broker

SMART BALANCE Review SummaryFounded2023Registered Country/RegionUnited KingdomRegulationFinCENMarket InstrumentsForex, indices, commodities, cryptosDemo AccountNot mentionedLeverageUp to 1:400EUR/ USD SpreadFrom 0.0 pipsTrading PlatformTradingViewMinimum Deposit$1,000Customer Support24/7 Email: support@smartbalance.proSMART BALANCE Information SMART BALANCE is a UK-based company that was founded within the last year and is regulated by the FinCEN. SMART BALANCE offers a wide range of market instruments on their TradingView trading platform. With flexible leverages and highly competitive spread from 0.0 pips , SMART BALANCE allows traders to amplify their market exposure. Customer support is available around the clock via email at support@smartbalance.pro.Pros & ConsProsConsRegulated by FinCENLimited range of payment optionsCompetitive spreadsHigh minimum depositFlexible leverageIncomplete web page functionalityLimited contact channelsPros of SMART BALANCE: - Regulated by FinCEN: SMART BALANCE is regulated by the Financial Crimes Enforcement Network, which provides some level of oversight and compliance to ensure adherence to anti-money laundering regulations. - Competitive spreads: SMART BALANCE offers competitive spreads from 0.0 pips, which can be beneficial for traders looking for cost-effective trading opportunities. - Flexible leverage: SMART BALANCE provides flexible leverage for different instruments, allowing traders to potentially amplify their trading positions and potentially increase their profits.Cons of SMART BALANCE: - Limited range of payment options: SMART BALANCE has a limited range of payment options with only two ways provided, which will restrict some traders' preferred methods of depositing and withdrawing funds. - High minimum deposit: SMART BALANCE requires a high minimum deposit of $1,000, which poses a barrier for traders with smaller budgets or those who prefer to start with a lower initial investment. - Incomplete web page functionality: The web page functionality of SMART BALANCE is incomplete due to many blocked pages, suggesting that there are limitations or missing features that could impact the user experience and convenience. - Limited contact channels: SMART BALANCE offers limited communication channels with only email, which limit the availability of immediate assistance or the preferred method of contacting customer support.Is SMART BALANCE Legit? SMART BALANCE's registration with FinCEN and possession of a Crypto-Licence (License No. 31000257328052) indicate that they operate under regulatory oversight and follow certain compliance procedures. This can be seen as a positive aspect in terms of the company's credibility and commitment to adhering to financial regulations. Moreover, the claim of offering protection measures such as segregation of accounts and working with world-leading fintech industries can indicate a focus on security and risk management. However, while these factors suggest a higher level of legitimacy, they do not guarantee absolute safety. It is always recommended to exercise caution when engaging in any financial activities and to conduct thorough research before making decisions.Market Instruments SMART BALANCE offers a wide range of trading instruments across various asset classes, including:Forex: This includes major currency pairs like USD/EUR, USD/JPY, and GBP/USD, among others.Commodities: Trading commodities with SMART BALANCE gives you access to some of the most popular commodities like gold, silver, oil, and natural gas.Indices: SMART BALANCE offers trading on some of the most well-known indices across global markets, including NASDAQ, S&P 500, and FTSE 100.Cryptocurrency: Trading in cryptocurrencies is also available with SMART BALANCE, and some of the popular options include Bitcoin, Litecoin, and Ethereum.How to Open an Account? To open an account with SMART BALANCE, follow these steps:Fill in the required information: Enter your email, mobile number, English name, and create a password. Confirm the password by reentering it.Select Nationality: Choose your nationality from the available options.Provide Resident Address: Enter your residential address in the designated field.Verification: Enter your real name and select the type of identity document (e.g., ID Card).Upload ID document: Upload images of the front and back side of your ID card as part of the verification process.Leverage SMART BALANCE offers different leverage levels for various trading instruments. The maximum leverage provided is 1:400 for forex, 1:200 for commodities, 1:100 for US oil and Brent oil, and indices, and 1:5 for cryptocurrencies.Trading InstrumentMaximum LeverageForex1:400Commodities1:200US Oil/Brent Oil/Indices1:100Cryptocurrencies1:5 Leverage is a tool that allows traders to control larger positions in the market using a smaller amount of capital. It can amplify potential profits, but it also increases the risk of losses. High leverage can lead to significant gains if the trades are successful, but it also means that losses can accumulate quickly if the market moves against the trader.Spreads & Commissions SMART BALANCE offers competitive spreads, starting from 0.0 pips, which indicates that the difference between the buy and sell price of a particular instrument is minimal. This can be advantageous for traders, as narrower spreads can potentially reduce the overall cost of trading and improve the potential for profit. It is worth noting that tight spreads are particularly beneficial for short-term traders and scalpers who aim to capitalize on small price movements in the market.Trading Platform SMART BALANCE provides its clients with access to the TradingView platform, a highly regarded and widely used trading platform. TradingView offers a user-friendly interface with advanced charting tools, technical analysis indicators, and a range of customization options. The platform is available for both Windows and mobile devices, ensuring that traders can access the markets and manage their positions from their preferred devices, whether it's a desktop, smartphone, or tablet. With TradingView, SMART BALANCE clients can benefit from real-time market data, customizable charts, and the ability to execute trades directly from the platform.Deposits & Withdrawals SMART BALANCE offers two funding methods for depositing funds to your trading account: Bank Wire Transfer (International EFT) and Cryptocurrency. Bank Wire Transfer is a traditional method that allows clients to transfer funds from their bank account to their trading account. This process typically takes 2-5 business days for the funds to reflect in the trading account. The available currencies for bank wire transfers include USD, GBP, EUR, AUD, and NZD. This method is suitable for clients who prefer traditional banking channels and are comfortable with longer processing times. On the other hand, SMART BALANCE also accepts cryptocurrency deposits, allowing clients to fund their trading account using cryptocurrencies such as USDT (Tether) and BTC (Bitcoin). This method offers faster processing times, with deposits typically credited within 24 hours. Cryptocurrency deposits provide convenience for clients who prefer the speed and security associated with digital assets. The broker charges $0 deposit fee. The method to withdraw funds from your SMART BALANCE trading account is unavailable due to the blocked “How to Withdraw” page. Traders can directly contact the company so that they will be able to provide you with alternative methods or instructions on how to proceed with your withdrawal request.Customer Service Email: support@smartbalance.pro (24/7) Address: South Bank Tower, 55 Upper Ground, London SE19EYConclusion Overall, SMART BALANCE is regulated by FinCEN, reflecting its adherence to financial regulations. It provides access to a diverse range of trading instruments and offers competitive trading conditions. While SMART BALANCE provides competitive spreads and flexible leverage, there are some drawbacks to consider. These include a limited range of payment options, a high minimum deposit requirement, incomplete web page functionality, and limited communication channels. Ultimately, individuals considering SMART BALANCE should carefully evaluate these factors and conduct their own research to determine if the company's offerings align with their trading needs and preferences. It is important to weigh the advantages and disadvantages before making a decision.Q&A Is SMART BALANCE regulated? Yes. It is regulated by FinCEN. How can I contact the customer support team at SMART BALANCE? You can contact via email: support@smartbalance.pro. What platform does SMART BALANCE offer? It offers TradingView. What is the minimum deposit for SMART BALANCE? The minimum initial deposit to open an account is $1,000.