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SmartFX

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5.1
(14 Reviews)

Founded: 2018 Min Deposit: 500 USD

Headquarters: Vanuatu Max Lev: 1 : 400

Risk Level I

SmartFX claims its regulation by VFSC, but no confirmation on VFSC about its website and contacts.

Score
Business Scope
0.0
Trading Cost
5.1
Trading Platforms
5.1
Support
5.0
Licence Status
VFSC 40491
Authorised
Contact
+678 7773222
support@smartfx.com
https://smartfx.com/
Broker News Related Complaints Reviews

Broker News

Q&A Weekly Review - What's Asked This Week? 2023-05-19
BrokersView provides a weekly update called "Q&A Weekly Review" that keeps traders informed about the latest regulatory status and trading details of brokers mentioned by our users.
Client Feedback: Is SmartFX a Trustworthy FX Broker? 2023-03-30
SmartFX seems to be legitimate but remains some problems left. What did its clients say about it?

Related Complaints

Q&A

Is there commission?

Minenhle Mthethwa
Faroe Islands
2023-05-16
ANSWER SmartFX is owned and operated by Smart Securities and Commodities Limited regulated by Vanuatu Financial Services Commission (VFSC) under registration number 40491.However, one must keep in mind that the VFSC doesn't provide the registered company's authentication details or domains for investors to verify, leaving a chance for unscrupulous brokers to misuse the details of an authorized firm. As such, there is no guarantee that the licensed entity is the one operating under the trading name SmartFX. Please beware of the risks involved and exercise caution when dealing with SmartFX.Regarding your question, we would recommend contacting customer serivce through their official website to achieve the latest and most accurate answer. For more details about this broker, please refer to our full review of SmartFX.
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What's minimum deposit for a MT5 account?

Berlliss
Vanuatu
2022-11-14
ANSWER SmartFX is owned and operated by Smart Securities and Commodities Limited, a company authorized and regulated by the Vanuatu Financial Services Commission (VFSC) with license number 40491. We indeed find a match result to Smart Securities and Commodities Limited in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Smart Securities and Commodities Limited. We would recommend exercising caution when dealing with VFSC- regulated brokers.Overall, it is of certain risk to trade with SmartFX, and we would recommend to choose strongly regulated brokers. As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details about this broker, you can check our full SmartFX review.
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Overall Score

5.1
14 Reviews

Cost 5.1

Platforms 5.1

Deposit & Withdrawal 5.0

Customer Support 5.0

Indicates the average level of Brokers

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14 Reviews Clear filter

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Mikhael Ng
Thailand
Very easy to use, my first time doing trading, did demojust sor 2 days, and did not hesitate doing the realthing, Problem is it keeps on freezing had to uninstall ita couple of times to refresh. can the developer design awindows OS one. Am seeing profits already. Thank you
2023-09-18
Reply
Nhi Hossain
Laos
Over few months with them and have not encountered any problem. Their MT5 is a very good choice of platform . Funding was so fast via debit card, as well as their withdrawal processing .Person assigned for my account is also just a click and respond any time of the day.
2023-09-14
Reply
Pablo Olugbesan
Comoros
A newbie here in trading the financial markets. I first started with signing up on their demo account. I wanted to see whether trading is really for me. After learning how to use the features of their MT5 platform and knowing the basics of trading, I opened a live account and deposited $5,000. I must say, this has been the best financial decision I have ever made in my entire life. I made a minimum profit of 10% weekly and still getting higher and higher week by week. Thank you SmartFX for introducing online trading to me. Cheers!
2023-09-11
Reply
Alexis Maawiy
Gabon
this broker really come up with the best platform for forexbroker. It's fast, easy to deposit, fast withdrawal (ifyou choose instant method) and have good signalrecommendation but it's best to use this broker signal as afilter after you're done with your own analysis. Keep upthe good work devs!
2023-09-06
Reply
Mohamed Aimable
Guatemala
SmartFX charges a commission that traders did not agree to, in fact. This is called hidden commission. It is very frustrating when money is withheld from you without warning. I didn't sign up for this, so I'm leaving here.
2023-09-04
Reply
R.Chand Africa
Germany
The platform is too Good.The only upgrade I would suggest is screencalibration.Absolutely nothing is bad about it.
2023-08-31
Reply
Clifford Shetty
Cambodia
the best trading broker. It's really good, you can copytrade. this broker a good platform but the price spread betweenthe buy and sell is tooooo huuuuggggeeeeee thus ittakes way longer to make profit. You know the mar ketis going your favour but because the spread is highit takes time for your buy or sell price to cross yourentry price inorder to profit. This also affect your lossincreasingly. I will suggest you do something about it
2023-08-28
Reply
Dimitris Striletskyi
0-6 months Smart Account Mayotte
this broker Trader A Very Comfortable platform specially forbeginners! Very easy to be adopted even by a newstarter! One of the biggest Trading platforms Of TheWorld! While Using This platformOne gains Confidence andcan Trade with peace of mind! It is something whicheveryone should experience! I traded through my InfinixHot 99 Cell phone the result was outstanding! Cheers!SYED.
2023-08-25
Reply
Marge
1-3 years Smart Account Australia
I am a beginner and Smart FX is my first broker. I’ve been trading with them for almost 10 months now and so far, everything is going well. I was also able to withdraw my funds a few times now and did not experience any delays.
2023-06-23
Reply
Perumal
1-3 years Smart Account United Arab Emirates
they are best Broker in Dubai!
2023-06-23
Reply

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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