Smart FX Vest
abstrak：Smart FX Vest, a trading name of Smart FX Vest Limited, is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:1000, floating spreads from 0.5 pips and commission-free via 3 different live account types, as well as 24/5 customer support service.
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. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Regulation | No Regulation |
| Market Instrument | 250+ instruments: Forex, CFDs on Shares, Futures, Indices, Metals & Energies |
| Account Type | Classic, Pro and ECN |
| Demo Account | N/A |
| Maximum Leverage | 1:1000 |
| Spread | Classic: from 2.0 pips | Pro: from 1.20 pips | ECN: from 0.5 pips |
| Commission | no |
| Trading Platform | N/A |
| Minimum Deposit | $100 |
| Deposit & Withdrawal Method | MasterCard, Visa, WeChatPay, SoFortüberweisung, American Express, Giropay. Ideal, Maestro, JCB, China Union Pay, Skrill, Neteller, Webmoney, Yemadai, Local Deposit and International Deposit |
Smart FX Vest, a trading name of Smart FX Vest Limited, is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:1000, floating spreads from 0.5 pips and commission-free via 3 different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that Smart FX Vest currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.27/10. Please be aware of the risk.
Market Instruments
Smart FX Vest advertises that it offers access to 250+ trading instruments, which include Forex, CFDs on Shares, Futures, Indices, Metals & Energies.
Account Types
Smart FX Vest claims to offer 3 types of trading accounts - Classic, Pro and ECN, with minimum initial deposit requirements of $100, $500 and $10,000 respectively.
Leverage
Smart FX Vests website claims to offer leverage capped at 1:1000. However, from the information on the account types, we found the leverage is flexible between 1:1 and 1:500. Specifically, 1:1-1:500 on the Classic account, 1:1-1:400 on the Pro account and 1:1-1:100 on the ECN account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commission
All spreads with Smart FX Vest are a floating type and scaled with the accounts offered. For example, the spread starts from 2.0 pips on the Classic account, from 1.20 pips on the Pro account and 0.5 pips on the ECN account. Any type of account is free of commission.
Deposit & Withdrawal
Smart FX Vest says to work with numerous means of deposit and withdrawal choices, consisting of MasterCard, Visa, WeChatPay, SoFortüberweisung, American Express, Giropay. Ideal, Maestro, JCB, China Union Pay, Skrill, Neteller, Webmoney, Yemadai, Local Deposit and International Deposit. The minimum initial deposit requirement is said to be $100. There are no deposit and withdrawal fees charged.
As for the processing time of deposits and withdrawals, 2 hours for SoFortüberweisung, Giropay and Skrill; 3-5 working days for Webmoney and Local Deposit; 5-7 working days for International Deposit; and instant for other deposits and withdrawals.
Customer Support
Smart FX Vest‘s customer support can be reached by email: support@SmartFxVest.com, live chat or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
| Pros | Cons |
| • Multiple instruments, account types and payment methods offered | • No regulation |
| • Variable spreads from 0.5 pips | • Uncompetitive spreads on the Classic account |
| • Commission-free | • Trading platform is unspecified |
Frequently Asked Questions (FAQs)
| Q 1: | Is Smart FX Vest regulated？ |
| A 1: | No. It has been verified that Smart FX Vest currently has no valid regulation. |
| Q 2: | At Smart FX Vest, are there any regional restrictions for traders？ |
| A 2: | Yes. Smart FX Vest does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan. |
| Q 3: | What is the minimum deposit for Smart FX Vest？ |
| A 3: | The minimum initial deposit to open a Classic account is $100, while $500 for the Pro account and $10,000 for the ECN account. |
| Q 4: | Does Smart FX Vest charge a fee？ |
| A 4: | Like every forex broker, Smart FX Vest charges a spread fee but no commission and no deposit & withdrawal fees charged. |
| Q 5: | Is Smart FX Vest a good broker for beginners？ |
| A 5: | No. Smart FX Vest is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency. |
Magbasa pa ng marami
Sa likod ng Orfinex Prime Brokerage: Isang kaso ng pagsalangsang at negligencia
Orfinex Prime: Mga Allegasyon ng Negligencia at Paglabas | Ang mga problema ng mga kliyente ay nagpapahayag ng mga hindi ligtas na pamamaraan sa pagbebenta, malinaw na presensya sa Dubai, at mga alalahanin ng pagsalangsang. Gumawa ng mga aksyon para sa proteksyon ng mga mamimili.
The pound, gilts and renewables: the winners and losers under Britain’s future PM
The race to be the next leader of Britain’s ruling-Conservative Party and the country’s prime minister is into its final leg, with the September outcome likely to shape the fortunes of sterling, gilts and UK stocks in coming months.
IMF cuts global growth outlook, warns high inflation threatens recession
The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.
Starting Forex Trading: Creating A Profit Plan
A key factor in building a successful and profitable trading career is making your own plans. Your transaction plan will provide a good framework for guiding ever-changing currency prices to profit.
Broker ng WikiFX
Exchange Rate
