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SMARTFXGLOBAL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://smartfxglobal.com/register.php, about the company's legal and temporary regulatory information, the company's address .

SMARTFXGLOBAL Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
SMARTFXGLOBAL
Abbreviation
SMARTFXGLOBAL
Company employee
--
Customer Service Email Address
support@smartfxglobal.com
WhatsApp
1(709) 700-1560
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

  

Smartfxglobal Forex Broker - Complete Information Guide

  

1. Broker Overview

  Smartfxglobal, officially known as Smart Securities and Commodities Limited, was established in 2018. The company operates from its headquarters located in Port Vila, Vanuatu, with a primary office also situated in Dubai, UAE. Smartfxglobal is a privately held entity, focusing on retail forex trading and offering services to a diverse clientele, including individual traders and institutional investors.

  Since its inception, Smartfxglobal has aimed to provide a straightforward trading experience, emphasizing user-friendly services and competitive trading conditions. The broker has made significant strides in the forex market, establishing a reputation for offering a wide range of trading instruments and leveraging advanced technology through the MetaTrader 5 platform.

  The company's business model revolves around retail forex trading, providing clients with access to various financial instruments, including currency pairs, commodities, and indices. Smartfxglobal broker has also made notable advancements in its service offerings, including the introduction of daily market analysis and trading signals, which enhance the trading experience for its users.

  

2. Regulation and Compliance Information

  Smartfxglobal operates under the regulatory oversight of the Vanuatu Financial Services Commission (VFSC), holding registration number 40491. The VFSC allows Smartfxglobal to provide a range of financial services, including forex trading and contracts for difference (CFDs). However, it is important to note that the VFSC is often regarded as a less stringent regulatory body compared to those in more established financial hubs.

  The regulatory license is valid indefinitely, provided that the broker complies with the VFSC's requirements. Smartfxglobal has implemented a client fund segregation policy, ensuring that clients' funds are kept separate from the company's operational funds. However, it does not participate in any investor compensation schemes, which could pose risks for traders in the event of insolvency.

  Smartfxglobal adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, requiring clients to verify their identities before trading. This includes submitting identification documents and proof of address during the account opening process.

  

3. Trading Products and Services

  Smartfxglobal offers a diverse range of trading products, primarily focusing on forex trading. The broker provides access to 43 forex currency pairs, including major, minor, and exotic pairs. Additionally, they offer CFDs on various assets, including indices, commodities, and stocks, with over 2,000 trading instruments available.

  The broker does not currently offer cryptocurrency trading, which limits options for traders seeking exposure to the digital asset market. However, Smartfxglobal regularly updates its product offerings and may expand its range of instruments in the future.

  For retail clients, Smartfxglobal provides a single standard account type, which is designed to accommodate various trading strategies. The broker also caters to institutional clients by offering tailored solutions and services.

  

4. Trading Platform and Technology

  Smartfxglobal exclusively utilizes the MetaTrader 5 (MT5) trading platform, which is renowned for its advanced features and capabilities. The platform supports various trading functionalities, including algorithmic trading, technical analysis, and automated trading through Expert Advisors (EAs).

  The MT5 platform is available in desktop, mobile, and web versions, providing traders with flexibility and ease of access. The broker employs a market execution model, ensuring fast order execution and minimal slippage. The server infrastructure is designed to support high-frequency trading, with robust security measures in place to protect user data and transactions.

  Smartfxglobal does not offer a proprietary trading platform or additional third-party integrations, focusing solely on the MT5 platform to meet the needs of its clients. The broker also provides API access for automated trading, enhancing the trading experience for algorithmic traders.

  

5. Account Types and Trading Conditions

  Smartfxglobal offers a single account type known as the Smart Account. The minimum deposit requirement to open this account is $500, which is higher than many competitors in the industry. The account features competitive floating spreads starting from 1.2 pips, with no commissions charged on trades.

  The maximum leverage available for forex trading is 1:400, allowing traders to amplify their positions. The minimum trade size is set at 0.01 lots, providing flexibility for traders with varying capital levels. Smartfxglobal does not impose overnight fees for positions held, although swap rates may apply depending on the trading strategy.

  While the broker does not offer specific account types such as VIP or Islamic accounts, traders can request a swap-free account by contacting customer support.

  

6. Fund Management

  Smartfxglobal supports various deposit methods, including bank wire transfers, credit/debit cards (Visa, MasterCard), and electronic wallets (Skrill, Neteller). The minimum deposit requirement across all payment methods is $500. Deposits are processed instantly, except for bank wire transfers, which may take 2-5 business days.

  The broker does not charge any deposit fees, although clients should be aware that third-party payment providers may impose fees based on their policies. Withdrawals can be made through the same methods used for deposits, with a minimum withdrawal amount of $100. Withdrawal requests are typically processed within 1-3 hours during business hours (10 AM to 7 PM GMT+4), but bank transfers may take longer to reflect in the client's account.

  Smartfxglobal does not charge withdrawal fees, but clients may incur fees from their banks or payment processors.

  

7. Customer Support and Educational Resources

  Smartfxglobal offers customer support through various channels, including email, live chat, and social media platforms. The support team is available 24/5, providing assistance in multiple languages, including English, Arabic, and Japanese.

  The broker provides a range of educational resources aimed at enhancing traders' knowledge and skills. These resources include live webinars, market analysis, and tutorials on using the MT5 platform. However, the availability of structured educational content is limited, which may pose challenges for novice traders seeking comprehensive training.

  Smartfxglobal also offers daily market analysis and insights, helping traders make informed decisions based on the latest market trends.

  

8. Regional Coverage and Restrictions

  Smartfxglobal primarily serves clients from various regions, including Australia, Canada, the United Kingdom, and several countries in Asia and Europe. However, the broker does not accept clients from the United States, India, North Korea, Iran, and other jurisdictions that are subject to financial restrictions.

  The broker has established a presence in Dubai, which serves as a key market for its operations, allowing it to cater to a diverse range of traders. However, potential clients should be aware of the regulatory limitations and ensure that their residency does not fall within restricted jurisdictions.

  In conclusion, Smartfxglobal broker presents a range of trading opportunities for individuals seeking to engage in forex and CFD trading. While the broker offers competitive conditions and a robust trading platform, potential clients should consider the regulatory landscape and conduct thorough research before committing their capital.

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Latest Reviews

FX2658476328

FX2658476328

Nigeria

Forex trade with smartfxglobal is one of my best decisions with the help of my account manager I was able to trade on the platform but I was inform by my account manager for an upfront deposit as I did and my withdrawal was approved I'm so excited.

Positive

2024-07-05

SMARTFXGLOBAL Forex Broker has an overall rating of 1.33, Regulatory Index 0.00, License Index 0.00, Business Index 5.62, Software Index 4.00 Risk Control Index 0.00.
SMARTFXGLOBAL