Score

1.20 /10
Danger

SMTT Markets

United States

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Appointed Representative(AR) Revoked

High potential risk

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Regulatory Index0.00

Business Index4.62

Risk Management Index0.00

Software Index4.00

License Index0.00

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • AustraliaASIC (license number: 001307977) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

SMTT Markets · Company summary

SMTT MarketsBasic Information
Company NameSMTT Markets
Founded2023
HeadquartersUnited States
RegulationsASIC AR(Revoked)
Tradable AssetsForex, Precious Metals, Crude Oil, Indices, Cryptocurrency
Account TypesComprehensive, Finance, Financial STP
Minimum DepositNot specified
Maximum Leverage1:500
SpreadsFloating spreads starting from as low as one point
CommissionNone
Deposit MethodsNot mentioned
Trading PlatformsTradingweb
Customer SupportEmail: support@smttmarketsfx.com
Trading ToolsAnalyst view (AOI), Adaptive candle diagram (AC), Adaptive trend indicator (ADC)
Bonus OfferingsNone

Overview of SMTT Markets

SMTT Markets, established in 2023 and headquartered in the United States, is a financial brokerage firm offering a wide array of trading instruments including Forex, Precious Metals, Crude Oil, Indices, and Cryptocurrency.

Regulated by the Australia Securities & Investment Commission (ASIC) SMTT Markets provides traders with access to leverages up to 1:500 and competitive floating spreads starting from one point.

Overview of SMTT Markets

Is SMTT Markets Legit?

SMTT Markets has the ASIC AR license. However, the current status is revoked, with the license number of 001307977.

Is SMTT Markets Legit?

Pros and Cons

ProsCons
  • Offers a diverse range of trading instruments.
  • Regulatory status is listed as unauthorized, posing risks to traders.
  • Advanced trading tools and analysis in partnership with Goldman Sachs.
  • Uncertain safety of funds due to unverified regulatory claims.
  • Flexible leverage options from 1:100 to 1:500.

Trading Instruments

Foreign Exchange: A selection of major currency pairs such as EUR/USD, USD/CAD, and GBP/USD.

Precious Metals: Spot trading for gold (XAUUSD) and silver (XAGUSD).

Crude Oil: Trading options for US crude oil (UsOIL).

Indices: Access to global indices including the Hong Kong Hang Seng Index (HK50), German Index (GER30), and S&P 500 Index (US500).

Cryptocurrency: A variety of popular digital currencies including Bitcoin (BTC/USD), Ether (ETH/USD), and Ripple (XRP/USD).

Trading Instruments

Account Types

Comprehensive Account: Allows trading of CFD contracts with a unique, proprietary composite index mimicking real market movements, available round the clock.

Finance Account: Designed for trading forex, commodities, and cryptocurrencies, including both large (standard) and microcurrency pairs with high leverage options.

Financial STP Account: Focuses on major and minor trades, particularly beneficial for markets where trading volumes and currency pairs with smaller spreads are prominent.

Account Types

Leverage

SMTT Markets offers leverage ranging from 1:100 to 1:500, providing traders with the flexibility to choose their level of risk and potential reward.

Spreads and Commissions

SMTT Markets provides floating spreads starting from as low as one point, ensuring clients have access to near-direct market prices without the worry of double quotes.

Trading Platforms

SMTT Markets provides the Tradingweb platform, notable for its extensive use in CFD trading, supporting over 330,000 clients. It features a comprehensive suite of tools, including more than 50 technical indicators for in-depth chart analysis, and offers 24/7 trading across over 100 assets.

Trading Platforms

Customer Support

SMTT Markets provides customer support via email at support@smttmarketsfx.com. Their company address is located at 96 Wadsworth Blvd Num 127-3255, Lakewood, CO 80226, U.S.A.

Customer Support

Trading Tools

SMTT Markets collaborates with Goldman Sachs to offer advanced trading tools, including the Analyst View (AOI), Adaptive Candle Diagram (AC), and Adaptive Trend Indicator (ADC). These tools, recognized for their excellence, provide automated investment analysis and research to assist traders in making informed decisions.

Trading Tools

Conclusion

In conclusion, SMTT Markets offers a comprehensive trading platform with a diverse range of tradable assets and competitive leverage options, coupled with advanced trading tools through its partnership with Goldman Sachs.

FAQs

What trading instruments does SMTT Markets offer?

SMTT Markets provides a variety of instruments, including foreign exchange, precious metals, crude oil, indices, and cryptocurrencies.

Can I trade with leverage on SMTT Markets?

Yes, SMTT Markets offers leverage options ranging from 1:100 to 1:500.

Is SMTT Markets regulated?

Yes, SMTT Markets is regulated by the Australia Securities & Investment Commission (ASIC) under an Appointed Representative (AR) license, with license number 001307977. However, its regulatory status with the National Futures Association (NFA) in the United States is marked as “Unauthorized,” indicating potential risks associated with trading on the platform.

What platforms does SMTT Markets use for trading?

SMTT Markets offers the Tradingweb platform, featuring powerful charting tools, technical indicators, and a user-friendly interface for CFD trading.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.

User Reviews

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Paul Robinson
more than one year
I love its 500x leverage, for I only have tiny money😏 ... The mobile app, however, could be improved. It's convenient but occasionally slow.
I love its 500x leverage, for I only have tiny money😏 ... The mobile app, however, could be improved. It's convenient but occasionally slow.
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2024-06-28 17:18
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Raydeny
more than one year
Carefull guys, if you use EA and have marti / averaging opposite trend or news Expert Advisor it will made your account lock into 1:100 even without a single notice.
Carefull guys, if you use EA and have marti / averaging opposite trend or news Expert Advisor it will made your account lock into 1:100 even without a single notice.
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2024-03-13 19:10
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