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SmartSTP

smartstp broker
Positive
Neutral
Negative

4.2

4.2/5
recommended_ribbon_new.svg
smartstp broker

4.2

4.2/5
Positive
Neutral
Negative

SmartSTP Review 2024: Is it a scam or legit?

FSC

Regulation

GB21027168

License

Customer Support

smartstp broker

SmartSTP

4.2

4.2/5
smartstp broker

SmartSTP

4.2

4.2/5

Overview

In the world of online trading, smartstp.com is a relatively young CFD brokerage company, but its clear trading rules and streamlined services are quickly drawing attention. Here is a detailed SmartSTP Review 2024 for newbie traders who want to get started with it.

Because of its intuitive design, lightning-fast transaction execution, and wide range of trading possibilities, SmartSTP has become a go-to platform for both new and seasoned investors. Is this the best option for you?

We will give you all the information you would need to clear your doubts about the SmartSTP broker.

Intoduction

Broker SmartSTP
Website https://www.smartstp.com/
Registered Country Mauritius 
Physical Address  7th Floor, Tower 1, NeXTeracom, Cybercity Ebene 72201 Mauritius.
Founded In 2023
Regulation FSC
Minimum Deposit $250
Maximum Leverage Up to 1:200
Spreads Variable
Trading Platforms Webtrader
Trading Assets Precious Metals, Equity Indices,CFDs of Commodities and Stock
Demo Account Yes
Islamic Account Yes
Payment methods Bank transfer, credit/debit cards, PayPal, Neteller, Skrill, VPay, and other regional payment options
Customer Support support@smartstp.com/ Monday-Friday: 11:00 to 20:00 GMT

What is SmartSTP?

SmartSTP is a licensed broker specialising in CFDs that operates out of Ebene, Republic of Mauritius. Its headquarters are located on the 7th floor of NeXTeracom Tower 1, Cybercity.

In addition, the broker’s domain is run by MRL Investments (MU) LTD, one of Mauritius’s most reputable financial services organisations.

Investing and trading in more than 300 underlying assets, including Forex, commodities, metals, indices, stocks, and cryptocurrencies, are among the services offered by the firm.

Why SmartSTP?

SmartSTP overview

SmartSTP has a number of grounds supporting it as a wise option. Below are a handful of them:

  • Market expertise: The broker has a thorough understanding of the financial markets and is able to offer their clients insightful advice.
  • Wide Access: It provides access to a variety of financial services and products, such as stock trading, indices, commodities, Forex, and stocks.
  • Convenience: By offering advanced and practical research tools, it saves traders the time and effort required to investigate and keep an eye on the markets.
  • Risk management: By suggesting suitable investing plans and offering continuing oversight and assistance, the broker can assist clients in controlling the amount of risk they are exposed to.
  • Regulatory Compliance: The site abides by stringent regulations, which can shield users from financial misbehaviour and other crimes.

Is SmartSTP a scam or legit?

Because of the strict laws that support it in ensuring fairness and openness in the financial markets, we can say that smartstp.com is not a scam. It is regulated Under the Financial Services Commission (FSC), the highest-ranking financial authority in Mauritius.

The rules governing SmartSTP are intended to shield investors against unfair practices such as insider trading and fraudulent activity.

Users also have more faith in the broker because of its strict compliance with regulatory standards, which include keeping capital reserves, separating client cash, and abiding by customer protection rules.

Furthermore, the platform employs industry-accepted security protocols to safeguard user information and money, including SSL encryption and two-factor authentication to prevent unauthorised account access.

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recommended_ribbon_new.svg
smartstp broker
4.2
4.2/5

Our recommendation: Trading at SmartSTP

  • Access 24×5 customer support for a smooth trading experience.
  • Practice and refine your skills with a complimentary demo trading account.
  • Optimize your profitability with the industry’s most competitive fees.
  • Use intuitive and advanced platforms to trade.
  • Benefit from maximum security and transparency with regulation by FSC.

Advantages and disadvantages of SmartSTP

  • User-friendly Interface
  • Demo Account with $100,000 Worth Of Virtual Balance
  • Top-tier Regulations
  • Tighest Spreads In the Industry
  • Professional Customer Support Services
  • Unavailability of a Dedicated Mobile App
  • MT4 or MT5 Not Available

Understanding Smartstp.com Account Options: Which is Right for You?

SmartSTP account options

A variety of account types, each with unique features and advantages, are available from the SmartSTP. However, your trading style, taste, and risk tolerance all play a big role in which one you choose.

Three live accounts that are suitable for all types of traders, regardless of their prior trading experience, are offered by the SmartSTP platform.

For example, Silver is a good option for new traders, whereas Gold and Platinum accounts are best suited for experienced and big volume traders.

Let’s examine the characteristics of each account type and decide which one best fits your needs.

Features Silver Account Gold Account Platinum Account
Minimum Deposit $250 $250 $250
Execution Mode MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent
Base Currency USD, EUR, GBP USD, EUR, GBP USD, EUR, GBP
Average Execution Speed 0.08 0.08 0.08
Spreads Starts From 2.6 Pips 2.0 Pips 1.4 Pips
Maximum Leverage 1:200 1:200 1:500
Islamic Account Available Available Available
Swap Discount None 25% 50%

SmartSTP Islamic Account 

For customers who want to trade in accordance with Shariah law, SmartSTP also provides Islamic accounts. Swap fees do not accrue on Islamic accounts, as the Islamic finance ban on paying or collecting interest.

Clients can easily change their preferences as per their trading needs and requirements by switching the account types as they can easily change their account on client portal. 

Here are some of the features of smartSTP islamic account:

  • Tight Spreads
  • Leverage- 1:200
  • Assets- 350+ Crypto, Stocks,  Metals, Commodities, Indices, Forex. for the more 

How to get registered with SmartSTP?

 

SmartSTP SIgn up

It’s time to learn about the broker’s sign-up process now that you feel confident enough about it to our SmartSTP Review 2024.there are total 5 steps to open an account with Euiity: 

Step 1:Go to the SmartSTP’s official website and click on “Open Account” option on the homepage.

Step 2: Enter your name, last name, and cell phone number now to proceed.

Step 3: Once that is done, fill out the application and respond to a few questions regarding your trading background.

Step 4: Uploading the necessary files is the final step in confirming your identification. It is possible to skip this step and do it at a later time.

Step 5: Make a deposit to begin trading now.

Login in SmartSTP

Once you have registered on the website, you can access SmartSTP with your email address and password.

login page of SmartSTP

recommended_ribbon_new.svg
smartstp broker
4.2
4.2/5

Our recommendation: Trading at SmartSTP

  • Access 24×5 customer support for a smooth trading experience.
  • Practice and refine your skills with a complimentary demo trading account.
  • Optimize your profitability with the industry’s most competitive fees.
  • Use intuitive and advanced platforms to trade.
  • Benefit from maximum security and transparency with regulation by FSC.

Available Trading Assets at SmartSTP.com

Our research about SmartSTP revealed that the broker’s product offerings adhere to global industry standards. It provides trading on over 300 underlying assets on all major financial marketplaces. 

assets available on SmartSTP

  • Forex
  • Commodities
  • Cryptocurrencies
  • Indices
  • Metals
  • Stocks

Spreads, Fees and Commissions at SmartSTP.com

Spreads for each lot traded and SWAPs for positions that were left open instantaneously are the two ways the broker collects fees from clients. There are no additional unstated costs or fees, not even commissions.

The spreads for each instrument and account type are both set and variable, but the SWAP charges are determined by a number of factors. As an example,

  • The spreads for Silver Accounts begin at 2.6 pips.
  • The people with Gold accounts  start at 2.0 pip.
  • Platinum spreads start of 1.4 pip.

Understanding Leverage Limits & Margin Needs

With a maximum offering of 1:200, the broker’s leverage and margin requirements are definitely best in class. The good thing is the leverage of all the accounts are equal i.e., 1:200 so each user will get the same benefits. The broker is offering different leverages on its multiple assets which is described below in the given table:

Forex 1:200 (Silver & Gold Account) & 1:200 (Platinum Account)
Commodities 1:50 (Silver & Gold Account) & 1:50 (Platinum Account)
Metals 1:50 (Silver & Gold Account) & 1:50 (Platinum Account)
Indices 1:50 (Silver & Gold Account) & 1:50 (Platinum Account)
Stocks 1:10 (Silver & Gold Account) & 1:10 (Platinum Account)
Cryptocurrencies 1:5 (Silver & Gold Account) & 1:5 (Platinum Account)

Deposits and Withdrawals with SmartSTP

A wide range of payment methods are supported by the broker for simple and rapid account funding and withdrawals. In addition, it appears that the broker’s withdrawal policies are advantageous to both newbie and experienced traders.

The $250 minimum deposit requirement is far more reasonable and inexpensive. While withdrawals can take up to three working days, deposits are often completed immediately. for more similar deposit options , you can check out PrimeXBT and  RCGMarkets .

Here are some of the available deposits and withdrawals options:

  • Bank transfer
  • Credit/debit cards
  • PayPal
  • Neteller
  • Skrill
  • VPay

Available SmartSTP Trading Platforms

WebTrader

 

Smart STP Webtrader platform

Using WebTrader, the broker’s trading platform, it provides services. It is an online trading platform with simple toggle choices and a user-friendly interface.

Overall, the platform’s design is user-friendly even for beginners while providing advanced tools and resources for seasoned traders, as demonstrated by our SmartSTP Review 2024. 

Company Details

Assets

  • Forex
  • Commodities
  • Cryptocurrencies
  • Stocks
  • Indices
  • Metals

Basic

  • Country: Mauritius
  • License:  187076
  • Regulation: FSC

Customer Service

Phone number: Arab Emirates:97145429107, 

Switzerland: 41265087335, 

Bahrain: 97365002018, 

Qatar: 97365003724, 

Saudi Arabia: 966115112679, 

Kuwait :96522063872, 

Oman: 97365003715

Email: [email protected].

recommended_ribbon_new.svg
smartstp broker
4.2
4.2/5

Our recommendation: Trading at SmartSTP

  • Access 24×5 customer support for a smooth trading experience.
  • Practice and refine your skills with a complimentary demo trading account.
  • Optimize your profitability with the industry’s most competitive fees.
  • Use intuitive and advanced platforms to trade.
  • Benefit from maximum security and transparency with regulation by FSC.

Mobile Application 

In addition to WebTrader, several brokers provide their own mobile applications that facilitate trading for the public. SmartSTP does not yet have a mobile application feature accessible. However, the broker has already declared that it will be releasing a mobile app shortly to facilitate trading for both newbies and experts. 

Customer Support

SmartSTP assists its clients by offering customer support services, which clients can access by calling or emailing the provided numbers and email addresses. Customers can use the 24*7 phone and email services to ask queries or obtain assistance.

 A Look Into Educational & Research Resources

The platform provides resources for understanding and investigating the trading markets. Economic calendars, market analysis reports, daily news updates, and infographics are just a few of the extensive array of research resources that are accessible.

In addition, SmartSTP offers a variety of educational resources, including webinars, tutorials, eBooks, and articles on a number of trading and investment subjects to help clients in developing their trading abilities and expertise

Conclusion

It is evident from the extensive study done for SmartSTP Review that the broker is a dependable and trustworthy option for trading in the market.

SmartSTP’s competitive features and wide range of asset alternatives make it a viable online trading platform. Although it is a more recent entrant to the market, traders can legitimately choose it because of its openness, regulatory compliance, and customer-centric attitude. Before making an investment, potential users should, therefore, always carry out their own research and take their own trading preferences into account.

Disclaimer

At FxReviews, our primary objective is to furnish you with impartial and objective assessments, commentary, and in-depth analysis. Our unwavering commitment to precision is maintained through meticulous data validation coupled with insights from industry authorities. It is essential to acknowledge that, albeit infrequent, minor fluctuations may occur. Please be assured that our dedication to delivering unbiased appraisals, exhaustive scrutiny, and well-informed viewpoints remains unwavering. 

We feel compelled to counsel you on the matter of investing in financial instruments, commodities, and other assets, which carry a significant degree of risk. There exists the potential for a complete depletion of your deposited funds. We recommend engaging in such undertakings exclusively if you possess an exhaustive comprehension of the associated hazards. It should be noted that FxReviews refrains from dispensing investment advice or any semblance of financial guidance.

Your financial security is of paramount significance to us, and we strongly advocate the exercise of due diligence and the pursuit of professional guidance when arriving at investment determinations.

Daniel Martin
Daniel Martin is a highly accomplished forex trader from the United States. He has over 15 years of experience, and has gained a reputation for his exceptional insights and consistent profitability in the foreign exchange market. Born and brought up in New York, Daniel holds a degree in Economics and has a deep understanding of market dynamics. He is known for his disciplined approach, ability to interpret market patterns, and expertise in various trading strategies. Daniel actively shares his knowledge through articles, webinars, and seminars, and is committed to promoting ethical trading practices. With his passion and extensive experience, he continues to guide individuals towards financial success in the dynamic world of forex trading.

FAQs

SmartSTP is an online trading platform where you can buy and sell different assets like stocks, cryptocurrencies, and commodities.

Yes, SmartSTP is considered safe because it follows strict regulations and uses security measures like encryption to protect your money and information.

SmartSTP is based in Mauritius, with its headquarters located in Cybercity, Ebene

SmartSTP offers three types of retail investor accounts: Silver, Gold, and Platinum.

The minimum deposit to start trading on SmartSTP is $0.01, and the maximum leverage offered is up to 1:200.

SmartSTP offers a WebTrader platform for trading, and they are planning to release a mobile app soon.

SmartSTP offers three types of live trading accounts: Silver, Gold, and Platinum, each with different features and benefits.

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