FX SmartBull Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-05-08 11:36

Abstract：FX SmartBull is a broker that is registered in the United Arab Emirates. The tradable instruments with a maximum leverage of 1:500 include forex, commodities, indices, and cryptocurrencies. The broker also provides four accounts. The minimum spread is from 0.0 pips, and the minimum deposit is 25 USD. FX SmartBull is still risky due to its unregulated status.

FX SmartBull Review Summary
Founded	2021
Registered Country/Region	United Arab Emirates
Regulation	No regulation
Market Instruments	Forex/Commodities/Indices/Cryptocurrencies
Demo Account	❌
Leverage	Up to 1:500
Spread	As low as 0.0 pips
Trading Platform	MT5
Minimum Deposit	25 USD
Customer Support	Tel: +971 554841856, +971 555332890
	Email: support@fxsmartbull.com
	Facebook/Instagram/LinkedIn/Twitter/Telegram/YouTube
	DUBAI OFFICE: Damac Business Tower, Office No 1407/1408, 14th Floor, Business Bay, Dubai, UAE
	SAINT LUCIA OFFICE: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Regional Restrictions	India, Australia, Belgium, Iran, Japan, North Korea and USA

FX SmartBull Information

　　FX SmartBull is a broker that is registered in the United Arab Emirates. The tradable instruments with a maximum leverage of 1:500 include forex, commodities, indices, and cryptocurrencies. The broker also provides four accounts. The minimum spread is from 0.0 pips, and the minimum deposit is 25 USD. FX SmartBull is still risky due to its unregulated status.

Pros and Cons

Pros	Cons
Low minimum deposit of $25	Unregulated
24/7 customer support	Demo account unavailable
MT5 available	Unspecific transfer time and fee information
Spread as low as 0.0 pips	Regional restrictions
Swap free	No MT4
Various tradable instruments
Commission free

Is FX SmartBull Legit?

　　FX SmartBull is not regulated, making it less safe than regulated brokers.

What Can I Trade on FX SmartBull?

　　FX SmartBull offers a wide range of market instruments, including forex, commodities, indices, and cryptocurrencies.

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

Account Type & Fees

　　FX SmartBull has four account types: Classic, Variable, Standard, and ECN. Traders who want low spreads and low leverage can choose an ECN account, while those with a small budget can open a classic account.

	Classic	Variable	Standard	ECN
Minimum Deposit	25 USD	200 USD	1000 USD	2000 USD
Leverage	Up to 1:500	Up to 1:500	Up to 1:500	Up to 1:500
Spreads	2.5 pips	2 pips	1.5 pips	1 pips
Swap charge	0	0	0	0
Commission	0	0	0	0

Leverage

　　The maximum leverage is 1:500, meaning that profits and losses are magnified 500 times.

Trading Platform

　　FX SmartBull cooperates with the authoritative MT5 trading platform available in Windows, mobile, and macOS to trade. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Windows/Mobile/MacOS	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　The minimum deposit is 25 USD. FX SmartBull accepts Visa, Mastercard, Apple Pay, Google Pay, and PhonePe for deposit and withdrawal. However, transfer processing times and associated fees are unknown.