By the company’s own admission SmartTradeFX is owned and operated by “god-fearing people” who donate most of their earnings to various charities helping families live a better life. This benevolence is extended to all SmartTradeFX customers through a range of favourable trading conditions which includes a no re-quote guarantee, leverage up to 1:1,000 and tight spreads.
Focusing on Forex since its inception in 2008, SmartTradeFX has offices in Canada, Romania, the UK and New Zealand and to facilitate its international reach it allows clients to hold accounts in Euros, GBP and USD.
SmartTradeFX.com’s Special FX:
Free money is undoubtedly the main selling point of this foreign exchange broker. Closely linked to the site’s “god-fearing” generosity, members of all levels can earn extra money each time they make a deposit.
The largest bonus on offer is a 100% welcome bonus up to $500. This reward is backed-up by a subsequent bonus of 50% (up to $500) on every subsequent deposit. For users who have more cash to invest SmartTradeFX offers two separate bonuses.
Users who are able to invest between $500 and $2,500 will be afforded a 30% reward on their initial funds and a 15% loyalty bonus on each subsequent deposit. Additionally, for those who are able to deposit between $2,500 and $10,000 a 20% reward is offered on initial investments. Beyond that a 10% loyalty payment is given to traders who redeposit between $2,500 and $10,000.
Using MetaTrader 4 as a basis, SmartTradeFX provides ECN (Electronic Communication Network) access to the currency exchange market which means instant execution and no re-quotes. Indeed, because there is no dealing desk placed in-between the client and the FX world it means the spreads on offer are as tight as possible. Moreover, traders will be able to access live data, engage in one-click trading and perform a number of analytical procedures thanks to MT4.
Working in tandem with MT4, SmartTradeFX offers a standard ECN account with the following conditions:
Minimum account size = $100
Minimum position size = 0.01 lot
Variable spreads typically from 1.2 pops on major currency pairs (minimum spread = 0.7 pips)
Commission charges (one-way) per 1 standard lot = $10
Scalping and Expert Advisors are encouraged on this account.
Leverage = 1:200
Digits quoted after the comma = 5
Margin call level = 100%
Stop-out level = 100%
Minimum distance to stop/limit orders = 2 pips
Number of currency pairs available = 28 (including 8 exotics)