SMART TRADE FX ONLINE

Unavailable Official Website

Since SMART TRADE FXs official website cannot be accessible for the moment, we could only collect some information from other website to get a rough picture of this brokerage house.

General Information

SMART TRADE FX is online forex brokerage registered in the United Kingdom, providing forex trading related services. Since this brokerages website cannot be opened for now, we could get minimal information except four trading accounts available to choose from.

As for regulation, WikiFX shows that SMART TRADE FX is not subject to any regulation. Although being not regulated alone does not means this broker is a scam, the key problems lies in investing with an unregulated broker resulting in high potential of losing money.

Market Instruments

Available trading instruments are not disclosed, so we are not sure what other instruments can be traded except for forex pairs.

Account Types

Four trading accounts are available with SMART TRADE FX: Mini, Silver, Gold, and Platinum. To open a most basic account, the Mini account, traders need to fund at least $300, much higher than most brokers requirements, only $5, $10 or also. While the minimum initial deposit for another three accounts from $1000, $5,000 and $20,000, respectively. Brokerages requiring high deposit should be taken extra vigilance, as they want to steal your money at the very first time. Most regulated brokers typically ask traders to fund around $100 to work with them.

Spreads

Spreads are not disclosed either, even the spread on the benchmark of the EURUSD pair.

Contact Information

The only way to get in touch with this brokerage is through an email: support@smarttradefxonline.com. Other more effective communication channels like phone, online chat, WhatsApp are not available. This is also a red sign, if you have any trading trouble with this broker, you cannot talk to it immediately.