SmartFX Review 2021
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| SmartFX is a leading online provider of forex, CFDs and futures. | ||
SmartFX is broker that gives traders access to Forex, CFD-indices, CFD-equities, futures. Interestingly, SmartFX supports the MetaTrader5 trading platform, but not the hugely popular MetaTrader4 predecessor at this point.
In terms of features offered to traders, SmartFX has Demo Accounts, Signals and Auto Trading but is missing Islamic Accounts and Social Trading.
SmartFX is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
SmartFX Summary
SmartFX is a leading online provider of forex, CFDs and futures.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFD-indices, CFD-equities, futures |
| Demo Account | ✓ |
| Min. Deposit | Undisclosed |
| Min. Trade | 0.01 lots |
| Regulated By | VFSC |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✓ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
CFD Trading
Broaden your portfolio with leveraged CFDs
| Leverage | 1:400 |
|---|---|
| FTSE Spread | Floating |
| GBPUSD Spread | Floating |
| Oil Spread | Floating |
| Stocks Spread | Variable |
Forex Trading
Trade on forex with floating spreads
| GBPUSD Spread | Floating |
|---|---|
| EURUSD Spread | Floating |
| EURGBP Spread | Floating |
| Assets | 43 |
Payment Methods
SmartFX accepts the following payment methods:
- Neteller
- Skrill
- Visa
- Wire Transfer
FAQ
Is SmartFX Safe?
In our review we gave SmartFX a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that SmartFX is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does SmartFX Accept PayPal?
No, SmartFX does not accept PayPal payments.
Is SmartFX Halal?
Probably not, as SmartFX does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does SmartFX support?
SmartFX only supports the MetaTrader 5 trading platform at this time.
Is SmartFX Regulated?
Yes, SmartFX is regulated by VFSC.
The fact that SmartFX is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
SmartFX vs Other Brokers
If you want to compare SmartFX with other brokers, use the detailed comparisons below.
- Cobra Trading vs SmartFX
- FXGM vs SmartFX
- Global FX vs SmartFX
- iFOREX vs SmartFX
- Quotex vs SmartFX
- SmartFX vs AxiTrader
- SmartFX vs ZuluTrade
- WH SelfInvest vs SmartFX
- Windsor Brokers vs SmartFX
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| SmartFX is a leading online provider of forex, CFDs and futures. | ||