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Rich Smart

WikiFX | 2025-06-09 16:18

Abstract:  Rich Smart is a financial trading firm founded in 2015 and registered in Saint Vincent and the Grenadines. It is regulated by the Australian Securities and Investments Commission (ASIC) and offers various tradable instruments: forex, indices, cryptocurrencies, commodities, precious metals, and stock CFDs. Rich Smart provides two main account types: ECN and Standard, along with an Islamic account option. What's more, it supports MT4 and MT5 platforms.

Rich Smart Review Summary
Founded2015
Registered Country/RegionSaint Vincent and the Grenadines
RegulationASIC, FSA (Offshore Regulated)
Market InstrumentsForex, Indices, Cryptocurrencies, Commodities, Precious Metals, Stock CFDs
Demo Account✅
Islamic Account✅
Leverage1:500
SpreadFrom 1 pip (Standard account)
Trading PlatformsMT4, MT5
Minimum Deposit/
Customer Support24/7 support, Contact form
Email: support@richsmartfx.com
Address: Suite 310, Griffiths Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.

Rich Smart is a financial trading firm founded in 2015 and registered in Saint Vincent and the Grenadines. It is regulated by the Australian Securities and Investments Commission (ASIC) and offers various tradable instruments: forex, indices, cryptocurrencies, commodities, precious metals, and stock CFDs. Rich Smart provides two main account types: ECN and Standard, along with an Islamic account option. What's more, it supports MT4 and MT5 platforms.

Rich Smart's homepage

Pros and Cons

Pros Cons
Regulated by ASICOffshore regulated FSA license
24/7 customer supportUnclear minimum deposit
Demo accounts available
A wide range of trading products
Multiple payment methods
MT4 and MT5 platforms

Is Rich Smart Legit?

Yes, Rich Smart is currently regulated by ASIC, holding a Straight Through Processing (STP) License. However, its Retail Forex License under the FSA is offshore regulated at present.

Regulated CountryRegulated AuthorityRegulated EntityCurrent StatusLicense TypeLicense Number
Australia
The Australian Securities and Investments Commission (ASIC)RICH SMART FINANCE PTY LTDRegulated Straight Through Processing (STP)000441277
Seychelles
The Seychelles Financial Services Authority (FSA)RICH SMART FINANCE LTDOffshore RegulatedRetail Forex LicenseSD219
Regulated by ASIC
Offshore regulated by FSA

What Can I Trade on Rich Smart?

On Rich Smart, you can trade with Forex, Indices, Cryptocurrencies, Commodities, Precious Metals, and Stock CFDs.

Tradable Instruments Supported
Forex✔
Commodities✔
Precious metals✔
Indices✔
Stock CFDs✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌
Mutual Funds❌
What Can I Trade on Rich Smart?

Account Type

Rich Smart provides two account types: the ECN account and the Standard account. Moreover, it also offers an Islamic account.

Account comparison
Islamic account

Leverage

The maximum leverage is up to 1:500 for the forex. Please note that high leverage can bring not only big profits but also great losses.

Account TypeECNSTANDARD
Leverage (Forex)1:500
Leverage (Indices)1:100
Leverage (Commodities)1:100

Spreads and Commissions

Account TypeECNSTANDARD
Spread0 pips onwards1 pips onwards
Commission$7/Lot0

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔WebTrader, Windows, MacOS, iPhone/iPad, AndroidBeginners
MT5✔WebTrader, Windows, MacOS, iPhone/iPad, AndroidExperienced traders
MT4 and MT5 platforms

Deposit and Withdrawal

Rich Smart supports payment methods through Mastercard, Discover, Bank Wire, Bank Transfer, Perfect Money, Tether, and Visa.

Payment options
Payment options
LeverageBrokerDealerForex trading

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