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Score

4.35 /10
Average

Smart

Vanuatu

5-10 years

Regulated in Vanuatu

Retail Forex License

Suspicious Scope of Business

Medium potential risk

Offshore Regulated

https://www.smartfxbroker.com

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Exposure

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Website

Score

Regulatory Index3.05

Business Index7.21

Risk Management Index8.22

Software Index4.00

License Index3.05

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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WikiFX Risk Alerts
Previous Detection : 2024-12-28
  • The Vanuatu VFSC regulation with license number: 40491 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Smart · Company summary

Note: Smart's official website: https://www.smartfxbroker.com is currently inaccessible normally.

Smart Review Summary
Founded2018
Registered Country/RegionVanuatu
RegulationVFSC (Offshore)
Market InstrumentsForex, Commodities, Indices, Shares, Cryptocurrencies
Demo Account❌
LeverageUp to 1:400
SpreadFrom 2 pips
Trading PlatformsMetaTrader 4 (MT4)
Minimum Deposit/
Customer SupportPhone: +678 7773222
Email: support@smartfxbroker.com

Smart, a financial company based in Vanuatu, is estabished in 2018 and holds a offshore license. It offers Forex, Commodities, Indices, Shares, and Cryptocurrencies via the MT4 platform.

Smart

Pros and Cons

Pros Cons
MT4Non-functional website
Multiple assetsOffshore license
Lack of transparency
Limited account types

Is Smart Legit?

Regulatory Status Offshore Regulated
Regulated by VFSC
Licensed Institution SMART SECURITIES & COMMODITIES LIMITED
Licensed TypeRetail Forex License
Licensed Number40491
Offshore regulated by VFSC

What Can I Trade on Smart?

On Smart, you can trade with Forex, Commodities, Indices, Shares, and Cryptocurrencies.

Tradable Instruments Supported
Forex✔
CFDs❌
Commodities✔
Indices✔
Cryptocurrencies✔
Shares✔
ETFs❌
Bonds❌
Mutual Funds❌

Account Type/Leverage/Spread

The “SMART” account type offers high leverage up to 1:400 and spreads starting from 2 pips for basic currency pairs. We didn't find info about initial deposit requirements.

Trading Platform

Smart provides MetaTrader 4 (MT4) for trading.

Deposit and Withdrawal

Smart supports payment methods through bank wire transfers, credit cards, and cryptocurrencies.

User Reviews

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User comment

5

Comments

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Adeosun
more than one year
Crypto trading is complicated here. I couldn't figure out the fees at first, but luckily, my account manager helped me make it clear.
Crypto trading is complicated here. I couldn't figure out the fees at first, but luckily, my account manager helped me make it clear.
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2024-07-22 11:37
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Jackie Lee
more than one year
Smartfx's fees are fair, but they aren't necessarily the rock-bottom lowest I've encountered.
Smartfx's fees are fair, but they aren't necessarily the rock-bottom lowest I've encountered.
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2024-06-28 14:15
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