SmartSTP Broker Review
SmartSTP Broker is a reputable online trading platform. It provides services in multiple trading instruments that offer a diversity of portfolios.
The platform provides multiple account types and trading opportunities, advanced tools, and features. It operates on the popular Straight-Through Processing model.
This SmartSTP review discusses account types, trading platforms, transactions, security, and trading platforms.
$250
Variable
FSC
Is SmartSTP a Scam?
Is SmartSTP scam or legitimate? It is a question every investor has before investing at any platform. This SmartSTP trading review is going to be the conclusion for the legitimacy of the platform.
SmartSTP forex broker is a regulated trading platform that offers a secure and user-friendly trading environment.
The platform provides traders with a seamless trading process and improves growth.
Additionally, the platform provides dedicated customer support, multiple trading assets, and account types. These help improve the user experience making it reliable for traders with different experience levels.
SmartSTP is a trustworthy broker that offers a secure trading atmosphere. These regulations provide reliability for the brokers.
- It is regulated by the Seychelles Financial Services Commission (FSc) with license number GB21027168.
SmartSTP comes with a registration number of 187076GBC, which provides legitimacy.
How To Open an Account?
SmartSTP trading platform allows you to create specified accounts based on your financial goals and needs. The steps to create an account are:
Step 1: Visit the SmartSTP official website and click on the open an account option.
Step 2: Fill in the required details on the page for your account.
Step 3: You have to fill in the details to open an account.
Step 4: Verify your account via mail or code received on your registered number.
Step 5: Complete the process of verification to add money and start trading through your account.
SmartSTP offers a variety of accounts to cater to different trading styles and experience levels. There are four different types of accounts that traders can access. The SmartSTP Demo Accounts are not available which makes it difficult to practice trading before investments.
Silver Account
The silver account is designed for low-budget investors. It offers trading in multiple assets with basic features. However, it is not ideal for Islamic traders.
Gold Account
The egold account offers commission-free or low charges on trades. It provides trades with tight spreads starting from 0.5 pips.
Platinum Account
The platinum account is created for advanced traders. It provides dedicated support and premium services to traders.
Islamic Account
SmartSTP Trading Broker provides trading under Sharia Law for Muslim traders. This provides swap-free trading and low commissions.
SmartSTP Forex Broker offers trading with high-risk options. Traders can hold larger positions with smaller investments. It provides different leverage options for different assets like:
- Forex: Up to 1:400
- Indices: Up to 1:200
- Commodities: Up to 1:100
- Cryptocurrencies: Up to 1:20
SmartSTP Trading Broker is known for its variety of trading instruments. These allow multiple trading opportunities for the investors. Key offerings include:
Forex
SmartSTP Forex broker lets traders invest in major, minor, and exotic currency pairs. It offers dedicated customer support and assistance.
Commodities
SmartSTP trading platform allows investment in metals, energy products, and agricultural commodities. Traders can invest without buying the products.
Indices
SmartSTP broker provides access to indices from global markets. It offers exposure to the market movements.
Cryptocurrencies
The platform provides CFD trading in global digital currencies. It allows traders to explore digital assets and enhance their portfolios.
SmartSTP trading broker allows access to low spreads. The platform offers spreads starting from 0.1 for trading in different assets.
- The platform charges a low commission per trade depending on the type of account.
- SmartSTP has overnight charges swap or rollover fees for trades. However, for Islamic account holders, there are no swap fees.
Overall, the platform provides a transparent fee structure that makes trading smoother. It also allows the trader to estimate the trading costs beforehand.
SmartSTP provides traders with powerful tools and seamless trades with the Webtrader trading platform. The platform is available on desktop and mobile, making it convenient for traders to manage their trades.
Web Trader is a user-friendly platform that requires no downloads and offers access to account management and charting tools.
Trading Hours
SmartSTP operates during standard global trading hours. It offers a 24/7 trading process for different assets. This might differ for different areas in the world.
Deposit & Withdrawal
SmartSTP supports multiple deposit and withdrawal methods to accommodate traders from various regions.
Withdrawals
The SmartSTP broker processes withdrawals quickly, typically within 24 to 48 hours, with no hidden fees. The platform may incur third-party fees depending on the method used.
Deposits
At SmartSTP, the deposits can be done through bank transfers, credit/debit cards, and e-wallets. The broker offers low minimum deposits for the Silver account, while Gold and Platinum accounts may require a higher deposit.
Customer Support
Customer support representatives are knowledgeable and responsive, reflecting SmartSTP’s commitment to excellent service.
Emails
The platform offers email support via support@smartstp.com. A trader can write emails regarding their issues and get responses within 24 hours.
Live Chats
The platform offers instant assistance through a live chat feature on the platform. This is available at the right-bottom corner of the website.
Calls
The platform offers multilingual customer support via phone calls. Traders from different regions can contact the respective number available on the browser.
Contact Forms
Lastly, the platform also provides access to fill the feedback forms at the platform. These forms are easy to fill and help you with your doubts.
- Pros
- Provides Tight Spreads
- Offers Advanced Trading Platforms
- Multiple Trading Assets
- Dedicated and Responsive Customer Support
- High Leverage Options
- Cons
- Limited Digital currencies
- Charges Inactivity Fees
- Limited Information Regarding Fees
- FAQ`s
Is SmartSTP regulated?
The SmartSTP platform is regulated by top financial authorities. It maintains a safe and protected trading atmosphere for traders.
What is the minimum deposit at SmartSTP to create an account?
The platform does not provide detailed information regarding the deposits. The accounts require 250 dollars to open. This can be a little expensive for beginners.
Can I invest in cryptocurrencies with SmartSTP?
Yes, the platform allows trading in digital currencies from around the globe. This enhances the market exposure and client portfolio.
What leverage does SmartSTP offer?
SmartSTP broker offers high-leverage options. It has up to 1:500 leverage for forex and a minimum of 1:10 for digital currencies.
How much time does the withdrawal process take?
The platform offers instant deposits. The process might take over 48 hours depending on the method and type of account.
What types of accounts are available at SmartSTP?
SmartSTP provides multiple accounts catering to different trading needs. These account types offer advanced trading tools and features.
Does SmartSTP charge inactivity fees?
Yes, SmartSTP does charge inactivity fees. The fee is charged to your dormant account after 3 months or 90 days.
Does SmartSTP offer any educational resources?
Yes, the platform offers educational resources. Apart from these, it also provides FAQs that help traders learn and understand the platform.
Can I trade on mobile devices with SmartSTP?
No, the platform does not offer trading on the mobile phones. This makes it difficult for traders to check their investments on the go.