SmartFX is an offshore regulated CFD and forex broker with MT5 integration and 5000+ instruments. The brand offers 24/5 customer support and one account type for simplicity. SmartFX is regulated by the Vanuatu Financial Services Commission (VFSC).
has closed or no longer accepts UK clients.
Pros
I'm pleased to see the world-renowned MetaTrader 5 terminal available, with all integrated tools including the MQL5 development environment, signals and a forex VPS
There's 24/5 multilingual customer support available via live chat, telephone and email, making it easy for clients to reach the broker during peak times
I found commission-free deposits and withdrawals on offer with instant processing times for some account funding methods
I like that beginners can access copy trading opportunities via the Social Trading network
Cons
I'm concerned about the general lack of transparency on the website which makes me question how much trust I can put in this broker
The offshore regulatory oversight by the Vanuatu Financial Services Commission (VFSC) raises serious security concerns for me
There's barely any additional tools and resources available, and the educational content is weak compared to top brands
I wasn't able to access any cryptocurrency trading opportunities, which is a drawback compared to similar brands
I think the 5000+ CFD instruments including forex, commodities, indices and stocks should serve active traders well. The MT5 platform also offers plenty of advanced tools and features to facilitate complex CFD trading strategies.
Leverage
1:400
FTSE Spread
Floating
GBPUSD Spread<
Floating
Oil Spread
Floating
Stocks Spread
Variable
Forex
I found an average range of 45+ major, minor and exotic currency pairs at SmartFX, tradable on the MT5 platform. I did appreciate the flexible leverage up to 1:400 and minimum order sizes from 0.01 lots.
