Overall, SmartFX offers competitive fees and spreads. SmartFX does not charge deposit fees or withdrawal fees. With SmartFX minimum order size is 0.01, and there is an unlimited amount of maximum and open orders.
SmartFX at a glance
| 🔍 Broker's Name | SmartFX |
| 📍 Headquartered | Port Vila, Vanuatu |
| 📅 Year Founded | 2018 |
| ⚖️ Regulating Authorities | VFSC |
| 🌐 Countries not accepted for trade | US |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:400 |
| 💰 Minimum Deposit | R8500 ZAR / $500 |
| ➕ Deposit Options | Visa, MasterCard, American Express, Skrill, Neteller, STICPAY, Bank Wire Transfers through the National Bank of Vanuatu and Local bank in Dubai. |
| ➖ Withdrawal Options | Visa, MasterCard, American Express, Skrill, Neteller, STICPAY, Bank Wire Transfers through the National Bank of Vanuatu and Local bank in Dubai. |
| 💻 Platform Types | MT5 |
| 📱 OS Compatibility | Web browsers, Windows, Android, iOS |
| 📈 Tradable assets offered | Forex, CFD indices, CFD equities, Futures, Commodities, and Stocks |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English, Japanese and Chinese |
| ☎️ Customer Service Hours | 24/5 |
Overall Rating
4.6/5
Rated #534 of
Recommended FX Brokers
Minimum Deposit 
Regulators 📈 Total Pairs
Islamic Account 
Trading Fees
SmartFX Fees and Spreads Review – 6 Key Points Quick Overview
- ☑️ SmartFX at a glance
- ☑️ SmartFX fees and spreads Pros and Cons
- ☑️ SmartFX fees and spreads
- ☑️ SmartFX additional trading fees
- ☑️ SmartFX broker fees
- ☑️ Frequently asked questions
SmartFX fees and spreads Pros and Cons
| ✔️ Pros | ❌ Cons |
| Zero commissions charged on floating spreads | No transparent fee schedule offered |
| Offers competitive trading conditions | No tight spreads offered |
| Does not charge any deposit fees or withdrawal fees | |
| Offers MetaTrader5 | |
| Demo account offered | |
| Offers Islamic Account/Swap-free account |
SmartFX fees and spreads
| 🔍 Account Features | 📈 Smart Account |
| 💵 Minimum Deposit | R8500 ZAR / $500 |
| 📊 Platforms offered | MetaTrader 5 |
| 📈 Spreads | Competitive |
| 📊 Instruments available | 2000+ |
| 💹 Maximum leverage | 1:400 |
| ⚖️ Minimum order size (Forex), Lots | 0.01 |
| ⚖️ Maximum Open and Pending Orders | Unlimited |
Regarding specific instrument spreads, SmartFX is not forthcoming and transparent, although the broker asserts that its floating spreads are competitive. On the broker’s website, there was no clear information on spreads or any costs. According to some reviews, spreads begin at 2.4 pips.
The absence of information on trading fees is concerning because scammers’ providers sometimes aren’t transparent about fees, therefore this raises a concern about SmartFX.
However, the broker makes it very apparent that it does not charge fees for trade executions and instead receives a brokerage fee from the spreads. Neither does it charge any commissions on any trades made.
Price spreads typically change during the day based on variables like the trading session, market dynamics, volatility, and the amount of accessible liquidity (supply and demand).
SmartFX additional trading fees
When trading financial instruments such as forex, traders may typically anticipate that overnight or swap fees will be imposed when positions are maintained for longer than one trading day. This is because these fees are based on the fact that the positions are being held overnight.
On the website of SmartFX, it is made very clear that customers will not be subject to exchange fees if either short positions or long positions are held overnight. Because of this, this broker is an excellent choice for clients who adhere to the Muslim faith, as the Sharia law prohibits them from earning or paying interest in relation to the holding of open positions.
Traders who want additional information on the swaps they should anticipate can get in touch with customer care.
Although not clearly stated on SmartFX’s website, the broker does not offer spread betting, and thus spread betting fees do not apply.
SmartFX broker fees
SmartFX does not charge deposit fees or withdrawal fees on its MT5 Smart Account.
Traders, on the other hand, need to make sure that they check any additional fees to ensure that their financial institution is not exempt from paying them. In addition, traders may be required to pay currency conversion costs in the event that they make a transfer of fees in a currency that is not the same as the base currency of their account.
Depending on the payment option that you choose, SmartFX provides base currencies such as US Dollars, Euros, British Pounds, Japanese Yen, and Russian Roubles.
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Frequently asked questions
How many instruments can I trade with SmartFX?
You can trade the following financial instruments, namely Forex, CFD indices, CFD equities, Futures, Commodities, and Stocks.
Which platforms are supported by SmartFX?
MetaTrader5.
Does SmartFX offer leverage?
Yes. Leverage of up to 1: 400.
What spreads can I expect with SmartFX?
The broker’s website doesn’t list spreads, but reviews say it starts at 2.4 pips.
Does SmartFX charge a commission?
No, SmartFX offers commission-free trading.
Is SmartFX regulated?
Yes, SmartFX is regulated by Vanuatu Financial Services Commission (VFSC).
Is SmartFX a recommended forex trading broker for experts and beginners?
Yes. SmartFX caters to beginners and specialists, but only offers MT5 as a trading platform.
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