SSC Smart FX

SmartFX Review: Is SmartFX a Good Broker?

Overview and general information

SmartFX is a reputable Forex and CFD broker founded in 2018 and headquartered in Vanuatu. With many years of experience in the financial markets, the broker is recognized for offering a wide range of trading services to meet the needs of traders around the world. The broker is known for its client focus and offering cutting-edge trading tools.

Licensing and Regulation

If you ask whether SmartFX is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

• Vanuatu Financial Services Commission (VFSC) License No. 40491 under SMART SECURITIES & COMMODITIES LIMITED.

• Cyprus Securities and Exchange Commission (CySec) License No. 316/16 under SSC Smart FX Ltd.

Broker Products and Services

Trading products

• Forex: Major, Minor and Exotic Currency Pairs

• Commodities: Precious metals, oil, and agricultural products

• index: Access to key global indices

• CFDs on stocks: Popular stocks from various markets

• Cryptocurrency: Popular digital assets for trading

Trading Platform

• MetaTrader 5 (MT5): It has modern chart analysis tools and automatic trading functions.

SmartFX Review: Account Types

The broker offers only one type of account, Smart Account, with the following details:

Smart Account

• Trading instruments: 2000+

• Minimum lot size: 0.01

• Leverage: Maximum 1:400

• Other features: Unlimited maximum orders and pending orders 

• Examples of spreads on major currency pairs:

  • EUR/USD 1.2

  • GBP/USD 2.2

  • USD/CHF 2.0

  • EUR/GBP 2.2

Deposit and Withdrawal Review

Deposit-Withdrawal Channels

• Visa : USD, EUR, GBP, JPY, RUB

• Skrill: USD, EUR, GBP

• Neteller: USD, EUR, GBP

• Wire Tranfer: USD, EUR

Operations and Commissions

Deposits and withdrawals through all channels are commission-free. Deposits will be processed immediately, up to 2-5 business days.

As for withdrawals, it takes 1-3 hours to be approved and the money will be received within 2-3 business days.

Customer Support and Services

• Live Chat

• Email:support@smartfx.com

• Phone number: +97144319003

• Business hours: Mon-Sat (10am – 7pm)

• Supported languages: English, Arabic

Broker Overview Summary

SmartFX is a broker that offers trading via the MetaTrader 5 (MT5) trading platform and offers a wide range of trading instruments, including forex currency pairs, futures, gold, silver, oil, and CFDs on indices and shares, with over 2,000 trading instruments. However, this broker has several disadvantages that should be considered. For example, spreads on major currency pairs such as EUR/USD can be higher than competitors, which increases the trading costs for traders. There is also a lack of educational resources, such as articles or learning videos, which means that novice traders do not receive sufficient support to develop their knowledge. In addition, the limited number of account types may not meet the needs of a wide range of traders, so it is important to consider carefully before choosing to use this broker.

Frequently Asked Questions about Smart FX

1. Is the broker regulated?

A: The broker is regulated by VFSC.

2. What trading platforms does the broker offer?

A: There is only one platform, MetaTrader 5.

Choose the safest and most suitable broker with TrustFinance reviews

Start trading Forex easily. Choose a safe and reliable broker with TrustFinance. A source of information and reviews of over 180,000 Forex brokers and financial companies, covering leading Forex brokers such as Exness, FBS, XM, IC Markets, IUX and many more.

SmartFX Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.