SmartSTP

SmartSTP | 2024-11-06 11:07

Extracto：　SmartSTP is an unregulated brokerage firm that was incorporated in Mauritius in 2018 and currently operates in 15 countries. The broker offers its clients a comprehensive range of trading products: commodities, Forex, indices, stocks, metals and cryptocurrencies. 　　It requires a minimum deposit of $250 and has 3 tiered accounts, each with an Islamic account. The platform used by the company is called “SmartSTP WebTrader” and has basic features that can be accessed via the web.

SmartSTP Review Summary
Founded	Within 1 year
Registered Country/Region	Mauritius
Regulation	Unregulated
Market Instruments	Commodity, forex, indices, stocks, metals and cryptos
Demo Account	Unavailable
Leverage	Up to 1:200
Spread	25% or 50%
Trading Platform	SmartSTP WebTrader
Min Deposit	$250
Customer Support	Email: support@smartstp.com

SmartSTP Information

SmartSTP is an unregulated brokerage firm that was incorporated in Mauritius in 2018 and currently operates in 15 countries. The broker offers its clients a comprehensive range of trading products: commodities, Forex, indices, stocks, metals and cryptocurrencies.

It requires a minimum deposit of $250 and has 3 tiered accounts, each with an Islamic account. The platform used by the company is called “SmartSTP WebTrader” and has basic features that can be accessed via the web.

Pros and Cons

Pros	Cons
Tiered accounts	Lack of Regulatory Oversight
Islamic account available	High minimum deposit requirement
Fund segregation	No MT4/5 trading platforms

Is SmartSTP Legit?

SmartSTPis currently in a state of no effective supervision, which means that its activities are not supervised by the government or financial institutions.

What Can I Trade on SmartSTP?

SmartSTP offers traders the opportunity to trade commodity CFDs, forex, indices, stocks, metals and cryptoscurrencies.

Tradable Instruments	Supported
Commodity CFDs	✔
Forex	✔
Indices	✔
Stocks	✔
Metals	✔
Cryptoscurrencies	✔
Binary Options	❌
Mutual Funds	❌
Futures	❌

Account Types

SmartSTP offers three live account types, namely Silver account, Gold account and Platinum account.

The silver account leverage is as high as 1:2000, while there is no discount on spreads and swaps.

Gold accounts are all leveraged at 1:200, but there is a 25% discount on spreads and swaps.

Platinum accounts offer a 50% discount on spreads and swaps. The minimum deposit is $250, which is above the industry average.

Demo account is not provided.

In addition, each account has an Islamic account with no interest charges for overnight rollovers.

Account Type	Target Group	Min Deal Size	Leverage	Stop-Out Level	Spread Discount	Swap Discount
Silver	Entry point to the markets	0.01	Up to 1:200	5%	No Discount	No Discount
Gold	For advancing traders				25% of Silver Spread	25% of Silver Swap
Platinum	Intensive trading for experienced				50% of Silver Spread	50% of Silver Swap

Leverage

SmartSTP allows clients to leverage up to 200:1 for all types of accounts.

Trading Platform

SmartSTP Webtrader is chosen by SmartSTP to serve clients of different preferences.

Trading Platform	Supported	Available Devices	Suitable for
SmartSTP Webtrader	✔	Browsers on PC and mobile devices	Investors of all experience levels

Deposit and Withdrawal

SmartSTP accepts multiple financing methods: credit and debit cards, SEPA (Single Euro Payment Area) and SWIFT wire transfers.

The minimum deposit is $250. Other than wire transfers, there is no minimum withdrawal amount required by the broker. For wire transfers, the minimum withdrawal requirement is $50.