SmartFX Review 2024 (Expert Review)

SmartFX Review Summary

If you're looking for an online brokerage company that offers a wide variety of trading instruments, SmartFX is a good choice. They offer forex and CFD trading instruments, including popular commodities, major stock markets, indices, and cryptocurrencies. The website is easy to use and offers daily market analysis. The data includes recent price movements and future price targets. They're presented in a clear manner, but it's still important to conduct your own analysis and research before you start trading. This is another red flag that should warn you about SmartFX.

SmartFX review
SmartFX Platform Features

SmartFX main features and highlights

🗺️ Country of regulation	VFSC
💰 Trading fees	No
💰 Inactivity fee	No
💰 Withdrawal fee	No
💰 Minimum deposit	$0
🕖 Time to open a SmartFX account	1-3 Days. *A SmartFX demo account can be opened in a few minutes, but live SmartFX trading account creation times will vary depending on how long it takes to process your SmartFX KYC documents.
💳 Wire Transfer	No
👛 Depositing with electronic wallet	No
💱 Number of base currencies supported	1
🎮 Demo account provided	No
🛍️ Financial Instruments offered	Forex, Majors, Indices, Energies, Metals, Agriculturals,

SmartFX review
SmartFX Financial Regulation

SmartFX is regulated by VFSC.

SmartFX review
SmartFX Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using SmartFX include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using SmartFX can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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SmartFX Advantages

One of the main advantages of using SmartFX is around the clock service and support as well as research offerings. Not only this, but SmartFX has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of SmartFX with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with SmartFX makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. SmartFX offers stock quotes and trade information, making it easy for users to view how their investments are doing.

• SmartFX has been in business over 10 years.

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SmartFX Disadvantages

Although SmartFX has a lot of good points SmartFX does not offer the below.

• SmartFX does not offer Stock Trading (See SmartFX alternatives who offer Stock Trading here)
• SmartFX does not offer Cryptocurrency Trading (See SmartFX alternatives who offer Cryptocurrency Trading here)
• SmartFX does not offer PayPal as a payment method (See SmartFX alternatives who offer PayPal as a payment method here)
• SmartFX does not offer Neteller as a payment method (See SmartFX alternatives who Neteller as a payment method here)
• SmartFX does not offer Skrill as a payment method (See SmartFX alternatives who offer Skrill as a payment method here)
• SmartFX does not offer Islamic Accounts (See SmartFX alternatives who offer Islamic Accounts here)
• SmartFX does not offer ECN trading (See SmartFX alternatives who offer ECN trading here)
• SmartFX does not offer Bitcoin Trading (See SmartFX alternatives who offer Bitcoin trading here)
• SmartFX does not offer the MetaTrader 4 platform (See SmartFX alternatives who offer the MetaTrader 4 platform here)
• SmartFX does not offer the MetaTrader 5 platform (See SmartFX alternatives who offer the MetaTrader 5 platform here)
• SmartFX does not offer the cTrader platform (See SmartFX alternatives who offer the cTrader platform here)
• SmartFX does not offer a Apple Mac desktop trading platform (See SmartFX alternatives who offer an Apple Mac desktop trading platform here)
• SmartFX does not offer Spread Betting (See SmartFX alternatives who offer Spread Betting here)
• SmartFX does not offer Hedging (See SmartFX alternatives who offer Hedging here)
• SmartFX does not offer Scalping (See SmartFX alternatives who offer Scalping here)
• SmartFX has inactivity fees (See SmartFX alternatives who do not have inactivity fees here)

Risk Warning: Your capital is at risk.

SmartFX review
Things to understand when trading with SmartFX

Online trading on trading platforms like SmartFX have seen huge growth in the last 3 years. Trading with SmartFX requires that you take the time to learn how financial markets work and are able to trade with SmartFX using in depth technical analysis and SmartFX risk management trading tools. Trading with SmartFX involves risk. You should only risk capital with SmartFX that you can afford to lose. Understand your risk tolerance with SmartFX, and have a trading strategy that SmartFX is able to help you execute. SmartFX is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments SmartFX give you access too.

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SmartFX Trading Fees

Trading fees on SmartFX are taken in the form of the spreads SmartFX offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on SmartFX. SmartFX fees vary depending on the financial instruments traded and can include, SmartFX overnight funding fees, spreads, margins and SmartFX inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your SmartFX account charged by your 3rd party payment provider if your SmartFX base currency is different from your SmartFX withdrawal method.

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SmartFX Financial Instrument Fees

SmartFX fees for Forex, Majors, Indices, Energies, Metals, Agriculturals, are listed below.

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SmartFX Stock Trading Fees

The majority of SmartFX trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A SmartFX stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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SmartFX Forex Fees

Commission on SmartFX Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for SmartFX Forex fees is based on their trade size. To calculate SmartFX Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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SmartFX Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. SmartFX cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. SmartFX cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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SmartFX Non Trading Fees

SmartFX non-trading fees include a variety of SmartFX brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the SmartFX trading platform. The most common non-trading fees include SmartFX withdrawal fees, SmartFX deposit fees and SmartFX inactivity fees.

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SmartFX Deposit Fees

SmartFX does charge deposit fees in some cases. When funding your SmartFX account there may be some SmartFX deposit fees which will vary depending on the payment method you use to deposit to your live SmartFX trading account.

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SmartFX Inactivity Fees

SmartFX does charge clients an inactivity fees for dormant SmartFX trading accounts. A SmartFX inactivity fee is a sum charged on SmartFX brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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SmartFX Withdrawal Fees

SmartFX does not charge withdrawal fees. Withdrawals fees vary between SmartFX and SmartFX alternatives depending on where you are located and how much money you are withdrawing.

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SmartFX Account Fees

SmartFX does not charge account fees. Account fees charged differ between SmartFX and other brokers. An account is a fee that SmartFX and other brokers assesses on all accounts for the ability to keep an account on their platform.

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SmartFX Account Opening

The SmartFX account registration process is simple, user-friendly, and quick. Within 1-3 Days most SmartFX trading accounts are ready for live trades. Our SmartFX account was validated in 1 day, but live SmartFX trading account verification times will vary depending on the time it takes to process your KYC documents and SmartFX trading account application. A SmartFX demo account can be opened in a few minutes.

SmartFX trading accounts are available in over 194 countries. SmartFX is restricted in the following countries.

Apart from the restricted countries a SmartFX trading account can be opened globally.

The SmartFX trading platform is available for residents in US. Some financial instruments SmartFX offer may be restricted in your country.

• Fast SmartFX account opening.
• SmartFX accounts can be opened and KYC can be verified digitally.
• SmartFX minimum deposit is $0 USD / GBP / EURO.
• SmartFX trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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SmartFX Deposit And Withdrawal

SmartFX Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by SmartFX as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

SmartFX offers the following account GBP, USD, EURO.

When trading make sure your SmartFX trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. SmartFX has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

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SmartFX Deposit Fees and Deposit Methods

Investors can log in to their SmartFX trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their SmartFX trading accounts from an existing bank account or send the funds through a wire transfer or online check.

SmartFX Deposit Fees

Making a deposit on your SmartFX account is free.

SmartFX Deposit Methods

There are several methods through which you can deposit money into your SmartFX account. One can use a credit or debit card and SmartFX accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your SmartFX account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your SmartFX account. Funding methods for SmartFX include .

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SmartFX Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your SmartFX brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open SmartFX positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your SmartFX account.

SmartFX Fees When Withdrawing Your Account Balance

SmartFX do not charge withdrawal fees. Some withdrawal fees are out of the control of SmartFX and may be due to 3rd party payment providers and your account base currency.

SmartFX Withdrawal Methods

Log into your SmartFX trading account, which is connected to your bank account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your SmartFX account to your bank account. To withdraw money from your SmartFX account you can use credit or debit cards. SmartFX processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as SmartFX processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

SmartFX review
SmartFX Trading Platforms

As there are a number of tradable financial instruments available on the SmartFX trading platform. Before investing in the SmartFX platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The SmartFX platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. SmartFX offer support.

If you struggle with technology, you need to consider the level of support on SmartFX is available. Another thing to consider is your financial goals. Make sure that a SmartFX account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a SmartFX account. Ensure that SmartFX allows you to focus on the type of trading that you want to focus on.

Make sure SmartFX is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using SmartFX, think about how easy it is to use for your personal needs. Does the SmartFX platform offer real-time updates or delayed updates that are more informed? Remember to check if SmartFX is well regulated, and what tradeable financial instruments SmartFX has. Security is very important when it comes to trading with SmartFX.

SmartFX Web Trading Platform

A SmartFX web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through SmartFX which acts as a financial intermediary. SmartFX is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the SmartFX mobile trading platform.

SmartFX Apple IOS Trading Platform

A SmartFX iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

SmartFX Google Play Android Trading Platform

A SmartFX Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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SmartFX Mobile Trading User Experience

SmartFX mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. SmartFX mobile trading refers to trading using a mobile phone.

Leading brokerages like SmartFX offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire SmartFX portfolio. All an investor needs is a Web-enabled smartphone and a trading account with SmartFX. Once you have download the SmartFX trading app, you are ready to begin.

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SmartFX Desktop Computer Trading Platform

A SmartFX computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The SmartFX desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The SmartFX desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

SmartFX MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

SmartFX cTrader

cTrader is a trading platform allowing CFD and currency pair trading. cTrader offers advanced technical analysis charting tools and very fast market order execution. cTrader is available on multiple devices. cTrader offers more complex configurable trading tools for more advanced traders.

SmartFX PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using SmartFX. A trading computer with access to a SmartFX PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

SmartFX Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the SmartFX trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the SmartFX trading platform is very user friendly on a Mac device.

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SmartFX Trading Look And Feel

The SmartFX user interface (UI) is what SmartFX traders will see and interact with first when trading with the SmartFX trading platform. The SmartFX is well designed. The goal of the SmartFX trading UI is to make the SmartFX user's experience intuitive. The SmartFX application has good user experience and a good level of customer satisfaction.

SmartFX Security

SmartFX is a secure trading platform. SmartFX offers traders security via 2 factor authentication, SSL encription when trading with SmartFX. SmartFX trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with SmartFX. Rate limitation on SmartFX suspicious account activities is another layer of protection that is provided for SmartFX trading accounts, for example multiple failed login attempts with SmartFX. You have the option to further safeguard your account by using SmartFX Two-Factor Authentication (2FA), which provides an extra layer of security.

The SmartFX trading infrastructure is constantly watched and guarded by a trained team at SmartFX In addition, SmartFX never send sensitive information without first encrypting on the SmartFX trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On SmartFX

Available SmartFX order types. # market, limit, stop, stop limit, Good until end of day / canceled.

SmartFX Market Order

A SmartFX market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. SmartFX market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. SmartFX market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

SmartFX Limit Order

A SmartFX limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

SmartFX Stop Order

A SmartFX stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

SmartFX Stop Limit Order

A SmartFX stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The SmartFX stop-limit order triggers a limit order when a stock price hits the stop level. A SmartFX stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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SmartFX Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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SmartFX Trading Platform Features

Online trading platforms like SmartFX are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with SmartFX. The SmartFX trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using SmartFX.

SmartFX Margin Trading

SmartFX margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, SmartFX margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

SmartFX Auto Trading

SmartFX auto trading is a trading strategy where buy and sell orders are automatically placed based on an underlying SmartFX system or programme and actioned by set criteria set by the SmartFX trader. These SmartFX orders are placed when the trade conditions in the underlying SmartFX system or program are met. It is a method of participating in financial markets by using SmartFX, which executes a pre-defined set of rules for both entering and exiting trades on SmartFX. If you are a SmartFX trader, you are able to use detailed SmartFX technical analysis with the setting of parameters for SmartFX one's positions. This includes orders to open SmartFX, trailing stops, and guaranteed stops.

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SmartFX Account Types

SmartFX Demo Account

SmartFX offers demo accounts that gives traders the ability to purchase and sell SmartFX financial instruments in a practice environment, using fake SmartFX digital money and live market conditions and data. When you practise on a SmartFX demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the SmartFX platform. SmartFX demo accounts allow you to experience and practice a variety of market charts, SmartFX trading indicators, and trading strategies using SmartFX.

SmartFX Standard Account

SmartFX offers a standard trading account, allowing SmartFX traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich SmartFX trading platform.

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SmartFX Tradable Financial Instruments

SmartFX tradable financial instruments are the financial instruments that are specifically available to trade on the SmartFX trading platform. This refers to the different types of financial markets you can trade with through SmartFX. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on SmartFX.

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SmartFX Trading Stocks

Stock trading with SmartFX is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with SmartFX; if you possess the stock on SmartFX, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on SmartFX involves purchasing and selling stocks and share using SmartFX periodically in order to time trades against the stock markets, with the aim of using SmartFX to profit from your stock trading. SmartFX stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on SmartFX. Stock traders on SmartFX conduct significant study, frequently dedicating several hours every day to market monitoring using SmartFX trading tools.

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SmartFX Trading ETFs

What Are ETFs

SmartFX does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

SmartFX does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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SmartFX Trading Cryptocurrencies

SmartFX offers cryptocurrency trading.

Cryptocurrency trading can be conducted using SmartFX to buy and sell the cryptocurrency financial instruments on SmartFX. Cryptocurrency trading can also be done using a cryptocurency CFD SmartFX trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using SmartFX. A CFD is a high risk leveraged trade between the trader and the SmartFX brokerage. No underlying assets are exchanged with a SmartFX CFD contract, it is purely speculation on the crypto financial instruments price movements with SmartFX. SmartFX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if SmartFX CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with SmartFX. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with SmartFX.

Cryptocurrency trading is not offered by SmartFX, so you will need to find a SmartFX alternative that allows you to buy and sell the underlying cryptocurrency assets. SmartFX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a SmartFX alternative and make sure you undertand the risks fully before trading.

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SmartFX Forex Trading

Forex trading with SmartFX is a method through which to invest money which involves trading one currency for another in a Forex currency pair with SmartFX. The main aim of SmartFX Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with SmartFX. As a SmartFX Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like SmartFX. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like SmartFX. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on SmartFX.

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SmartFX Commodities Trading

Commodity trading is a type of trading available on SmartFX where individuals or businesses buy and sell financial instruments using SmartFX related to commodities, such as metals or oil.

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SmartFX Options Trading

SmartFX options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. SmartFX option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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SmartFX Futures Trading

Futures trading with SmartFX is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using SmartFX to facilitate the trade. A SmartFX futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on SmartFX. Typically, futures contracts are traded on an exchange such as SmartFX; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling SmartFX trader to the contract agrees to provide it.

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SmartFX Bonds Trading

Bonds trading on SmartFX is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the SmartFX trader. Bonds can be bought and sold on SmartFX after they are issued. While some bonds are traded publicly through SmartFX, most trade over-the-counter between large broker-dealers like SmartFX acting on their clients' or their own behalf. Yield is therefore based on the SmartFX purchase price of the bond as well as the coupon.

SmartFX CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

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SmartFX Trading Research Tools

Taking advantage of SmartFX trading research tools which are designed to help traders analyse potential investments using the SmartFX trading platform. Some SmartFX research tools include charts, technical analysis, and SmartFX trading indicators.

SmartFX Trading News

Traders can follow the markets and make wise investment decisions on SmartFX by using the news to help form a strategy when it comes to choosing investments. A SmartFX news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

SmartFX Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A SmartFX economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

SmartFX Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. SmartFX fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

SmartFX Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on SmartFX are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

SmartFX portfolios

Trading portfolios are useful when trading with SmartFX.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A SmartFX trading portfolio is a traders collection of investments, which may include a variety of SmartFX financial instruments.

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SmartFX Payment Methods

A SmartFX payment method is required to fund your SmartFX trading account before placing a buy or sell order on a financial instrument.

When trading with SmartFX, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that SmartFX do not have any control over.

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SmartFX Withdrawl Methods

When trading with SmartFX at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your SmartFX account balance. SmartFX may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your SmartFX account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

SmartFX Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your SmartFX account.

Withdrawal requests can take up to three business days to be processed by SmartFX.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your SmartFX should arrive in less than 24 hours.

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SmartFX Customer Support

Customer support represents the resources within the SmartFX company that provides technical assistance to its customers after they use the SmartFX service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

SmartFX offer customer support.

SmartFX Email Support

SmartFX offers email support.

Email support is a a convenient method of SmartFX customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from SmartFX regarding your support request.

SmartFX Livechat Support

SmartFX offers livechat support.

SmartFX live chat support is a way for customers to obtain help from SmartFX through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

SmartFX Telephone Support

SmartFX does not provide SmartFX clients phone Support. If you need to contact SmartFX use one of the alternative available SmartFX contact methods.

SmartFX does not offer telephone support.

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SmartFX Educational Resources

SmartFX educational resources are used throughout the SmartFX learning environment to help and assist with customer's development and learning of trading on SmartFX. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using SmartFX trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

SmartFX Trading Platform Tutorials

SmartFX offer a range of learning resources and tutorials and guides made available to registered SmartFX users. The SmartFX guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate SmartFX users on basic trading principles.

SmartFX Trading Videos

SmartFX offer a selection of online trading videos.

Trading videos on SmartFX help new and even more experienced investors gain insights into SmartFX technical analysis tools and how the different financial markets work when trading on SmartFX.

SmartFX trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some SmartFX training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using SmartFX to trade live financial markets.

SmartFX Webinars

SmartFX offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of SmartFX clients who participate by asking questions, replying to polls, and using other interactive technologies available on the SmartFX trading platform.

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SmartFX Financial Regulation When Trading

Financial regulations on SmartFX protect consumers' investments. Regulations prevent financial fraud and limit the risks that SmartFX as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. SmartFX financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is SmartFX Regulated?

SmartFX is regulated by VFSC.

SmartFX is licensed by financial regulators in certain jurisdictions. You can find out if brokers like SmartFX are licensed in your country, if they have had run-ins with regulators, or received serious complaints from SmartFX investors, directly with financial regulators in your country.

SmartFX Regulatory Protection Limits

When registering with SmartFX you must check with regulatory body your SmartFX trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your SmartFX account is over seen by. SmartFX client funds are stored in segregated 3rd party bank account in accordance with SmartFX financial regulators.

Client country	Investor protection amount	Regulator
United Kingdom	£85,000	Financial Conduct Authority (FCA)
EU Investor Compensation Scheme	max €50,000	Directive of The European Parliament and European Commission
Other countries	90% of your funds, max €20,000	Bulgarian Financial Supervision Commission (FSC)

SmartFX Trading Signals

SmartFX offers trading signals to SmartFX clients.

SmartFX trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A SmartFX trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the SmartFX trader to then decide whether or not to act on the signal.

Make sure you understand the risks of trading signals.

How does SmartFX make money?

Because SmartFX acts as an intermediary, SmartFX gets compensated on buy and sell transactions of financial instruments. As a result, SmartFX profit is determined by the volume and number of transactions. SmartFX earns revenue to fund their SmartFX platforms and wide range of trading services through market spreads.

Can you buy shares on SmartFX?

SmartFX does not provide customers with real company shares trading.

Does SmartFX offer Cryptocurrency?

SmartFX does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

SmartFX Lower fees, lower costs?

SmartFX have reasonable trading fees and costs. SmartFX do not charge a deposit fee. SmartFX may charge a withdrawal fee. Some withdrawal fees are out of the control of SmartFX and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

SmartFX minimum deposit is $0 USD / GBP / EUR.

How to start your SmartFX account?

You can sign up for a live or demo SmartFX trading account by visiting SmartFX and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an SmartFX account here.

How's the SmartFX trading app?

SmartFX allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the SmartFX trading app here. Your capital is at risk

Is the quality of SmartFX customer service satisfactory?

SmartFX have average customer support offering support through support options.

Is this broker good for new traders?

SmartFX is a good trading platform for new traders as SmartFX offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from SmartFX?

SmartFX offer a good selection of withdrawal options. Once SmartFX have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best SmartFX Alternatives Reviews

If SmartFX isnt quite what you are looking for you can check out some of the best SmartFX alternatives below.

• IC Markets Review (read our in depth 2024 review)
• Roboforex Review (read our in depth 2024 review)
• AvaTrade Review (read our in depth 2024 review)

Best SmartFX Alternatives In Detail

If you would like to see SmartFX compared agains some of the best SmartFX alternatives available right now you can do so by clicking on the links below.

• IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
• Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
• AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)

Check out RoboForex – Professional services on Forex market