SmartFX Review 2022

SmartFX is a leading online provider of forex, CFDs and futures.

SmartFX is broker that offers traders 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.


InstrumentsForex, CFD-indices, CFD-equities, futures
Demo Account
Min. DepositUndisclosed
Min. Trade0.01 lots
Regulated ByVFSC
MetaTrader 4
MetaTrader 5
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Broaden your portfolio with leveraged CFDs

FTSE SpreadFloating
GBPUSD SpreadFloating
Oil SpreadFloating
Stocks SpreadVariable

Forex Trading

Trade on forex with floating spreads

GBPUSD SpreadFloating
EURUSD SpreadFloating
EURGBP SpreadFloating

Payment Methods

SmartFX accepts the following payment methods:

  • Neteller
  • Skrill
  • Visa
  • Wire Transfer
Risk Warning – Your capital is at risk


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 safer options.

SmartFX vs Other Brokers

If you want to compare SmartFX with other brokers, use the detailed comparisons below.

SmartFX vs
SmartFX is a leading online provider of forex, CFDs and futures.