SmartTradeFX

  • Name:SmartTradeFX
  • Website:http://www.smarttradefx.com/index
  • Location:St. Vincent and the Grenadines (main office), North America, Europe
  • Found in:2009
  • Regulation Authority:N/A
Editorial Rating:
3.33
Accept US Traders:
No

SmartTradeFX.com

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.

The Essentials:

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)

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.