Smart Prime FX Review 2022
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| Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts. | ||
Smart Prime FX is broker that gives traders access to Forex, CFDs, indices, commodities. Smart Prime FX allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, Smart Prime FX has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.
Please note that Smart Prime FX is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
Smart Prime FX Summary
Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, commodities |
| Demo Account | ✓ |
| Min. Deposit | $25,000 |
| Min. Trade | 0.01 lots |
| Regulated By | |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | Yes (EAs) |
| Trade Signals | ✓ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
Start trading on the financial markets with leveraged CFDs.
| Leverage | 1:100 Retail, 1:200 Professional |
|---|---|
| FTSE Spread | Floating |
| GBPUSD Spread | 1 |
| Oil Spread | N/A |
| Stocks Spread | Variable |
Forex Trading
Trade the most active currency pairs at Smart Prime FX.
| GBPUSD Spread | 1 |
|---|---|
| EURUSD Spread | 8 |
| EURGBP Spread | 1 |
| Assets | 10+ |
Payment Methods
Smart Prime FX accepts the following payment methods:
- Credit Card
- Mastercard
- Visa
- Wire Transfer
- Skrill
- Neteller
- FasaPay
- Perfect Money
- Webmoney
FAQ
Is Smart Prime FX Safe?
In our review we gave Smart Prime FX a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that Smart Prime FX is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does Smart Prime FX Accept PayPal?
No, Smart Prime FX does not accept PayPal payments.
Is Smart Prime FX Halal?
Yes, Smart Prime FX does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Smart Prime FX support?
Smart Prime FX only supports the MetaTrader 4 trading platform at this time.
Is Smart Prime FX Regulated in the UK?
No, Smart Prime FX is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is Smart Prime FX Regulated?
No, unfortunately Smart Prime FX is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.
Smart Prime FX vs Other Brokers
If you want to compare Smart Prime FX with other brokers, use the detailed comparisons below.
- eXcentral vs Smart Prime FX
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| Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts. | ||