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Smart Trader foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.smarttraderiraq.com/#/signin, about the company's legal and temporary regulatory information, the company's address .

Smart Trader Forex Broker

Basic Information

Registered Region

Iraq

Operating Period

Company Name

Smart Trader Company

Abbreviation

Smart Trader

Company employee

Customer Service Email Address

info@smarttraderiraq.com

Contact Number

+96407709128787

Company Website

https://www.smarttraderiraq.com/#/

Facebook

https://www.facebook.com/Smart.trader.iraq

Instagram

https://www.instagram.com/smart.trader.iraq/

Keywords

2-5 years

Suspicious Regulatory License

White label MT5

Regional Brokers

High potential risk

Company profile

Smart Trader Basic Information Company Name Smart Trader Founded 2019 Headquarters Iraq Regulations Not regulated Tradable Assets Forex Account Types Demo, silver, gold, diamond, super low, ultra low, platinum, platinum plus account Minimum Deposit $100 Maximum Leverage 1:200 Spreads Variable Commission Variable Payment Methods FastPay, AsiaHawala, FIB, USDT, Remittance Offices, Smart Trader Head Offices Trading Platforms MetaTrader 5(MT5) Trading Tools Economic calendar and forex calculator Customer Support Email (info@smarttraderiraq.com)Phone (07709138787 or 07709128787) Education Resources Courses Overview of Smart Trader Founded in 2019 and based in Iraq, Smart Trader serves as an online trading platform. With an extensive range of account types such as Demo, Silver, Gold, Diamond, Super Low, Ultra Low, Platinum, and Platinum Plus, Smart Trader accommodates a broad spectrum of trading preferences and expertise levels. The platform is accessible via MetaTrader 5 (MT5), renowned for its advanced features. However, it's important to note that Smart Trader operates without regulatory oversight, highlighting the need for caution due to potential risks inherent in unregulated trading environments. Is Smart Trader Legit？ Smart Trader is not regulated. It's crucial to recognize that Smart Trader lacks regulation, indicating its operations proceed without oversight from established financial regulatory bodies. Traders should proceed with caution when contemplating trading with an unregulated broker like Smart Trader, as this may result in limited avenues for resolving disputes, potential safety risks regarding fund security, and a lack of transparency in the broker's operations. To ensure a safer and more secure trading experience, traders are advised to conduct thorough research and carefully consider a broker's regulatory status before engaging in trading activities. Pros and Cons Smart Trader offers traders the advantage of utilizing the widely popular MetaTrader 5 platform, known for its robust features and user-friendly interface. Additionally, the platform provides flexibility with multiple account types, catering to diverse trading preferences and experience levels. Traders can benefit from the convenience of 24/7 support, ensuring assistance is readily available whenever needed. However, it's important to note that Smart Trader operates without regulatory oversight, which may expose traders to potential risks associated with unregulated trading environments. Furthermore, the lack of transparency regarding company policies and procedures, coupled with unclear information on trading instruments, may pose challenges for traders seeking clarity and confidence in their trading activities. Therefore, while Smart Trader presents trading opportunities, traders are advised to exercise caution and conduct thorough research to mitigate potential risks. Pros Cons Utilizes the popular MetaTrader 5 platform Operates without regulatory oversight, potentially exposing traders to risks Offers multiple account types Unclear information on trading instrument Provides 24/7 support Lack of transparency regarding company policies and procedures Provides flexibility with variable spreads Trading Instruments Smart Trader primarily offers forex trading, catering to traders seeking opportunities in currency markets. Account Types Smart Trader offers a variety of account types tailored to meet the diverse needs of traders. These include the Demo, Silver, Gold, Diamond, Super Low, Ultra Low, Platinum, and Platinum Plus accounts. Each account type caters to different trading preferences and experience levels. The Silver and Gold accounts have a minimum deposit requirement of $100, while the Diamond account requires a higher deposit of $5000. The Super Low account has a minimum deposit of $100 and offers a 25% commission cashback. The Ultra Low account requires a minimum deposit of $10,000. The Platinum and Platinum Plus accounts, which support robots (EA), have minimum deposits of $100 and $10,000, respectively. It's important to note that all accounts, except for the demo account, are Islamic accounts, meaning they operate without swaps. Account Type Minimum Deposit Maximum Leverage Commission Spread Silver Account $100 1:200 $0 From 3.3 pips Gold Account $100 1:200 $10 From 2.3 pips Diamond Account $5000 1:200 $7 From 2.3 pips Super Low Account $100 1:200 $20 From 1.2 pips Ultra Low Account $10000 1:200 $15 From 1.2 pips Platinum Account $100 1:200 $10 From 1.9 pips Platinum Plus Account $10000 1:200 $5 From 1.9 pips Leverage The Silver, Gold, Diamond, Super Low, Ultra Low, Platinum, and Platinum Plus accounts offer a maximum leverage of up to 1:200. Spreads and Commissions Smart Trader offers a variety of account types, each with different commission rates and spreads to cater to the diverse needs of traders. The Silver Account does not have any commission, and the spread starts from 3.3 pips. For the Gold Account, there is a commission of $10, with the spread starting from 2.3 pips. The Diamond Account has a commission of $7 and a spread starting from 2.3 pips. Moving on to the Super Low Account, traders can expect a commission of $20, with the spread starting from 1.2 pips. Similarly, the Ultra Low Account has a commission of $15, with the spread also starting from 1.2 pips. As for the Platinum Account, the commission is $10, and the spread starts from 1.9 pips. Finally, the Platinum Plus Account offers the lowest commission of $5, with the spread starting from 1.9 pips. Trading Platforms Smart Trader offers the MetaTrader 5 (MT5) trading platform, renowned for its advanced features and flexibility. Traders can access the platform seamlessly across various devices, including Windows, Mac, Android, and iOS. Trading Tools Smart Trader provides trading tools to enhance traders' decision-making and risk management processes. The Economic Calendar serves as a valuable resource, enabling traders to track significant market events and anticipate potential market movements. Smart Trader provides a forex calculator with features like position size calculation, currency conversion, margin calculation, and profit and loss assessment. These tools enable traders to manage risk effectively, evaluate trade opportunities, and optimize their trading strategies. Deposit & Withdrawal Smart Trader offers multiple deposit and withdrawal options to accommodate the diverse needs of its traders. These options include FastPay and AsiaHawala, where traders can conveniently deposit or withdraw funds, with withdrawals available up to a limit of at least $100. Additionally, Smart Trader facilitates deposits and withdrawals through Remittance Offices, allowing traders to access their funds through nearby remittance agencies. For those preferring in-person transactions, deposits and withdrawals can also be made by visiting the Smart Trader Head Offices located at Sulaimani / German Village / Villa No 46 and Sulaimani Dollar Market / Shawkati Mullah Building / Shop No 72. Moreover, Smart Trader offers an additional deposit and withdrawal option through its Erbil location at Empire Business Towers T3, 18th flat, number 7. FIB and USDT options are currently unavailable. Educational Resources Smart Trader currently does not offer any educational courses for traders. However, they plan to introduce new courses in the future, covering the latest science, information, and techniques in trading. Customer Support Smart Trader offers round-the-clock customer support to assist traders with their inquiries and concerns. For general questions, traders can reach out via email atinfo@smarttraderiraq.com or contact the provided phone numbers: 07709138787 and 07709128787. Additionally, if traders encounter any issues or wish to report a problem to the broker, they can contact Smart Trader's dedicated email for complaints and problem reports atabuse@smarttraderiraq.com. Conclusion In conclusion, Smart Trader offers traders a variety of account types and the popular MetaTrader 5 platform for flexible and accessible trading. However, the lack of regulatory oversight and limited educational resources may pose risks and challenges for traders. It's essential for traders to proceed with caution, conduct thorough research, and seek clarity on company policies before engaging with Smart Trader to ensure a safer trading experience. FAQs Q: Is Smart Trader regulated？ A: No, Smart Trader operates without regulation, which means it lacks oversight from recognized financial regulatory authorities. Q: What account types does Smart Trader offer？ A: Smart Trader offers the Demo, Silver, Gold, Diamond, Super Low, Ultra Low, Platinum, and Platinum Plus accounts. Q: How can I contact Smart Trader's customer support？ A: For general inquiries, you can email info@smarttraderiraq.com or call 07709138787 or 07709128787. For complaints or problem reports, email abuse@smarttraderiraq.com. Q: What educational resources does Smart Trader offer？ A: Smart Trader currently does not offer any educational courses for traders, but plans to introduce new courses in the future. Risk Warning Trading online carries substantial risks, and there is a possibility of losing your entire investment. It may not be suitable for all traders or investors. It's crucial to comprehend the associated risks and recognize that the details provided in this review could change as the company's services and policies evolve over time. Additionally, the review's generation date is worth considering, as information might have been updated since then. Therefore, it's recommended to verify any updated information directly with the company before making any decisions or taking action. Ultimately, the reader bears sole responsibility for utilizing the information provided in this review.

Smart Trader broker review

Is Smart Trader safe or scam

Rating Index

How to login to Smart Trader?

Smart Trader Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Smart Trader Account Registering for a Smart Trader account is the first step to accessing its comprehensive trading tools and features. Follow these detai

Smart Trader Forex Broker - Complete Information Guide

1. Broker Overview

　　Smart Trader, founded in 2019, operates as a private trading firm based in Iraq. The company primarily serves retail clients interested in forex trading, cryptocurrency, and CFDs. Smart Trader aims to provide a comprehensive trading experience with a focus on algorithmic trading and advanced charting tools.

　　The broker has established itself in the online trading space by offering a range of account types to cater to different trading preferences and expertise levels. Over the years, Smart Trader has evolved, introducing various features and tools that enhance the trading experience, such as customizable workspaces and automated technical analysis capabilities.

　　While Smart Trader operates independently, it is essential to note that it lacks regulatory oversight, which raises concerns about its operational practices. The business model primarily focuses on retail forex trading, providing clients with access to a wide variety of trading instruments and resources.

2. Regulatory and Compliance Information

　　Smart Trader operates without valid regulatory oversight, which poses significant risks for traders. The broker does not mention any regulatory licenses or numbers, indicating that it does not adhere to the stringent requirements set by recognized financial authorities. This lack of regulation is a critical factor for potential clients to consider, as it limits avenues for dispute resolution and may compromise the safety of client funds.

　　The broker has not disclosed any information regarding client fund segregation policies, which is a standard practice among regulated brokers to protect client assets. Furthermore, there is no indication of participation in an investor compensation fund, which would provide additional security for traders in case of broker insolvency.

　　Smart Trader claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, but the effectiveness and transparency of these measures remain unclear due to the absence of regulatory oversight. This lack of clarity further emphasizes the need for caution when considering trading with the Smart Trader broker.

3. Trading Products and Services

　　Smart Trader offers a diverse range of trading products, primarily focusing on forex currency pairs. The broker provides access to over 8,000 symbols, including various major, minor, and exotic currency pairs. In addition to forex, Smart Trader also facilitates trading in CFDs across different asset classes such as indices, commodities, stocks, and cryptocurrencies.

　　The platform frequently updates its product offerings, ensuring that clients have access to the latest trading instruments. However, the specific details regarding the frequency of updates or the introduction of new products have not been disclosed.

　　For retail clients, Smart Trader provides a user-friendly trading experience with a variety of tools and resources designed to enhance trading performance. While the broker primarily focuses on retail trading, it also offers services aimed at institutional clients, including white-label solutions and asset management services.

4. Trading Platforms and Technology

　　Smart Trader supports the popular MetaTrader 5 (MT5) trading platform, which is recognized for its advanced features and user-friendly interface. MT5 allows traders to access a wide range of trading tools, including technical indicators and automated trading capabilities. The platform is compatible with various devices, ensuring that traders can access their accounts from desktop and mobile applications.

　　In addition to MT5, Smart Trader has developed its proprietary trading platform, which offers unique features tailored to enhance the trading experience. The web-based trading platform provides traders with real-time market data, advanced charting capabilities, and customizable workspaces.

　　The broker operates under an STP (Straight Through Processing) model, ensuring that trades are executed efficiently with minimal latency. The server infrastructure is designed to support high-frequency trading, providing clients with a reliable trading environment.

　　Smart Trader also offers API access, enabling traders to implement automated trading strategies and connect their trading systems directly to the broker's platform.

5. Account Types and Trading Conditions

　　Smart Trader provides multiple account types to meet the diverse needs of its clients. The available accounts include:

Demo Account: Allows traders to practice trading without risking real money.
Silver Account: Requires a minimum deposit of $100, offering variable spreads starting from 3.3 pips with no commission.
Gold Account: Requires a minimum deposit of $100, with a commission of $10 per trade and spreads starting from 2.3 pips.
Diamond Account: Requires a higher minimum deposit of $5,000, offering a commission of $7 and spreads starting from 2.3 pips.
Super Low Account: Requires a minimum deposit of $100, with a commission of $20 and spreads starting from 1.2 pips.
Ultra Low Account: Requires a minimum deposit of $10,000, with a commission of $15 and spreads starting from 1.2 pips.
Platinum and Platinum Plus Accounts: Require minimum deposits of $100 and $10,000, respectively, with varying commissions and spreads.

　　Leverage ratios offered by Smart Trader can reach up to 1:200, depending on the account type. The minimum trade size is typically 0.01 lots, allowing for flexible trading strategies.

6. Fund Management

　　Smart Trader supports various deposit methods, including bank transfers, credit/debit cards, and electronic wallets. The minimum deposit requirement varies by account type, starting from $100 for standard accounts. Deposits are processed quickly, typically within a few hours, but specific processing times may vary based on the method used.

　　The broker does not disclose any deposit fees, making it an attractive option for traders looking to minimize costs. However, traders should be aware of potential withdrawal fees, which may apply depending on the payment method chosen.

　　Withdrawals can be processed using similar methods as deposits, with a minimum withdrawal limit of $100. The processing time for withdrawals may take up to 24 hours, depending on the payment method used.

7. Customer Support and Educational Resources

　　Smart Trader offers multiple customer support channels, including email, phone, and social media. The support team is available 24/7, ensuring that traders can receive assistance whenever needed. However, the broker does not provide a live chat option, which may limit immediate support for urgent inquiries.

　　The broker supports several languages, catering to a diverse client base. Educational resources include webinars, tutorials, and market analysis services, designed to help traders enhance their skills and knowledge. Smart Trader also provides trading tools such as calculators and economic calendars to assist traders in their decision-making process.

8. Regional Coverage and Restrictions

　　Smart Trader primarily serves clients in Iraq and other regions, with its main office located in Sulaymaniyah. The broker's services are accessible to traders from various countries; however, it is essential to note that some regions may have restrictions on trading activities.

　　The broker does not accept clients from certain jurisdictions, which may include countries with strict regulatory requirements or those where Smart Trader lacks the necessary licenses to operate. Specific details regarding restricted countries have not been disclosed, and potential clients are encouraged to verify their eligibility before opening an account.

　　In summary, the Smart Trader broker presents a range of trading opportunities, but potential clients should carefully consider the lack of regulatory oversight and conduct thorough research before engaging with the broker. The information provided in this guide serves as a comprehensive overview of Smart Trader's offerings, ensuring traders can make informed decisions regarding their trading activities.

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