Smart FX Vest Forex Broker

Note: Smart FX Vest's official website - https://smartfxvest.com/ is currently inaccessible normal.Smart FX Vest Review SummaryFounded/Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket Instruments250+, Forex, CFDs on Shares, Futures, Indices, Metals, EnergiesDemo Account/LeverageUp to 1:1000SpreadFrom 2 pips (Classic account)Trading Platform/Min Deposit$100Customer SupportLive chat, contact formEmail: support@SmartFxVest.comRegional RestrictionsThe United States, Cuba, Iraq, Myanmar, North Korea, and Sudan Smart FX Vest appears to be an unregulated online trading platform that offers 250+ trading instruments, including Forex, CFDs onShares, Futures, Indices, Metals, and Energies. Additionally, it claims to provide its clients with leverage up to 1:1000, floating spreads from 0.5 pips, and commission-free trading via 3 different live account types.Pros and ConsProsConsVarious market instrumentsUnfunctional websiteThree account typesUnregulated statusNo commissionsHigh spreads on the Classic accountFlexible leverage ratiosOnly email supportMultiple payment optionsRegional restrictionsNo deposit and withdrawal feesLive chat supportIs Smart FX Vest Legit? No, Smart FX Vest operates without valid regulation, which means trading on this platform your fund is not safe.What Can I Trade on Smart FX Vest? In its advertising, Smart FX Vest claims to provide access to more than 250 trading instruments, including Forex, CFDs on shares, futures, indices, metals, and energies.Trading AssetAvailableForex✔CFDs✔Metals✔Energies✔Indices✔Shares✔Futures✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type/Leverage/Fees Smart FX Vest claims to offer 3 types of trading accounts - Classic, Pro and ECN, with minimum initial deposit requirements of $100, $500 and $10,000 respectively.Account TypeCLASSICPRO ECNMin Deposit$100$500$10,000Max Deposit$1,000$5,000UnlimitedMax Leverage1:1-1:5001:1-1:4001:1-1:100SpreadFrom 2 pipsFrom 1.2 pipsFrom 0.5 pipsCommission❌Deposit and WithdrawalPayment OptionMin DepositDeposit/Withdrawal FeeDeposit/Withdrawal TimeMasterCard$100❌InstantVisaWeChatPaySoFortüberweisung2 hoursAmerican ExpressInstantGiropay2 hoursIdealInstantMaestroJCBChina Union PaySkrill2 hoursNetellerInstantWebMoney3-5 working daysYemadaiInstantLocal Deposit and International Deposit5-7 working days