SmartFX offers several trading options, including currency pairs, commodities, and stocks. The broker offers a trading account and a single platform as a simple trading solution.

An overview of the login process, account types, and trading hours can be found in our review. Discover whether becoming a SmartFX trader is the right decision for you.

You can find our transparent SmartFX review below. Broker reviews are updated frequently!

We value your feedback: Rate this broker by leaving a comment and rating below this review.


  • Low Minimum Deposit

  • Regulated Broker

  • High Leverage

  • USD Account Currency

  • Broker Verified


About SmartFX

In 2018, the company was founded in Port Vila, Vanuatu, and consistently operates worldwide. It is a regulated broker that offers Forex and CFDs.

In Vanuatu, SmartFX is owned and operated by Smart Securities and Commodities Limited, whose registration number is 40491, registered and regulated by the Vanuatu Financial Services Commission (VFSC). Dubai is another location where it has offices.

Smart FX upholds stringent standards to ensure trading environments are safe, and each trader receives trading conditions tailored to their needs.

Everyday Smart FX provides its traders with accurate and up-to-date market insights in its Daily Market Analysis section, enabling them to develop their essential trading skills to succeed in the market.

Currency pairs, commodities, CFD indices, CFD equities, futures, and stocks are some of the trading options offered by SmartFX.

MetaTrader5 is the trading platform that Smart FX offers, and one Smart trading Account is all you need to trade without risk.


The regulation of brokers is an essential factor a trader should consider when evaluating them. By complying with strict regulations and rules set by regulatory authorities, regulated brokers can ensure the security of client funds and reduce non-trading risk.

As part of their oversight, such entities also ensure that regulated brokers do not engage in fraudulent activities and that the rights of traders are protected.

According to the Vanuatu Financial Services Commission (VFSC), SmartFX operates in the Republic of Vanuatu and is based in Port Villa, and Dubai is its primary location.

Due to its regulations, the company must follow several laws and standards, one of which is to keep client funds in segregated accounts.

Products review

More than 2000+ instruments like forex, stocks and CFD trading are available at SmartFX to trade, including major, minor, exotic, and commodities such as oil and gas.

Aside from buying/selling stocks in leading companies, clients can also trade indices from major global exchanges.


Trading account types

The Smart Account MT5 is the only type of live account available at SmartFX, as mentioned on the broker’s homepage.

Registering for a Smart Account type takes only a few seconds. It only requires a few personal details and identity verification.

After opening a trading account, you can invest in CFDs, indices, forex, and futures. You can open positions with a minimum of 0.01 lots.

4 stars from 169 ratings


SmartFX offers several trading options, including currency pairs, commodities, and stocks. The broker offers a trading acc...

Sign upSign up
CFD service. Your capital is at risk.
Retail investor accounts lose money when trading CFDs with this provider.

Demo account

Demo accounts are available at SmartFX, and traders can select the desired demo account balance within the MT5 platform. However, it requires OTP verification.

SmartFX offers unlimited demo accounts so that you can test strategies and algorithms without any limits.

Before opening a LIVE Trading Account, users can open a demo account to practice trading on the MT5 platform. Demo accounts can be created by selecting Practice on SmartFX’s homepage.

After submitting a few basic details, you can start trading CFDs, stocks, indices, and Forex without risking real money.

How to open a Smart FX account?

SmartFX homepage offers the option to ‘Open live account’ for traders interested in opening a live account. The registration form will be displayed on a new page. By filling out all the required fields, traders can complete the form.

As the next step, clients are required to submit identification documents.

For UAE residents: Passport, Visa, Emirates ID, and Proof of Address (Water Bill, Electricity Bill, Credit Card Statement, or Bank Statement), not older than three months.

For residents of all other countries: Passport or valid ID and Proof of Address (Water Bill, Electricity Bill, Credit Card Statement or Bank Statement), not older than 3 months.

High- resolution scan of these documents is required. The name in your document must be identical to your account name with SmartFX.

Documents in the national language must be translated into English and notarized.

An account is usually verified and approved within 15 to 20 minutes.

Trading platforms

SmartFX provides an MT5 platform for trading. There is no need to download third-party upgrades.

Beginners can manage portfolios with an integrated copy trading service and support for algorithmic trading.

Traders can take advantage of a wide variety of features in Metatrader 5:

  • Trade Forex, stocks, and other securities with a full set of flexible trading orders at the MT5 trading platform.
  • The two types of position accounting are netting and hedging.
  • You can view a limitless number of charts and a one-minute history of quotes across 21 timeframes.
  • Analytical tools and technical indicators with over 80 built-in indicators.
  • An analysis of financial news and the economic calendar based on fundamentals.
  • Traders can find ready-to-use trading applications in the SmartFX MetaTrader Market.
  • Built-in MQL5 development environment for algorithmic trading.
  • Using trading signals, you can copy the orders of experienced traders automatically.
  • Market alerts help you stay on top of all the most important market events.


Mobile apps

MetaTrader 5 trading platform can be accessed on the go with the SmartFX regulated company app. iPhone (iOS), and Android (APK) users can download the apps from the appropriate app stores.


SmartFX offers leverage up to 1:400. You can open greater positions and gain larger profits when you trade with a larger amount, which leverage allows you to do.


SmartFX offers traders a commission-free Forex account. They offer competitive spreads to their customers.

SmartFX doesn’t charge customers any account maintenance, deposit/withdrawal, or currency conversion fees.


SmartFX offers competitive spreads to customers. SmartFX proves its commitment to lowering trading costs and building goodwill with its clients. Spread is the difference between an asset’s bid and the ask price.

Average Spreads on Majors

  • EUR/USD 1.2
  • GBP/USD 2.2
  • USD/CHF 2.0
  • EUR/GBP 2.2

Spreads usually change during the day due to market dynamics, volatility, and availability of liquidity.

SmartFX deposits and withdrawals

Several currencies can be used for deposits, including USD, EUR, GBP, and JPY.

SmartFX does not accept payments from third parties. Smart FX charges no additional fees for deposits. Some international banks may charge fees for payment processing.

During the standard business hours, from 10:00 to 19:00 (GMT+4), Monday to Friday, all deposits and withdrawals are processed instantly, except for wire transfers, which can take up to five working days.

In most cases, withdrawals are processed within 1 to 3 hours, but wire transfers usually take 2 to 5 working days.

SmartFX minimum deposit

A minimum deposit requirement of $500 appears on the SmartFX website, despite not being clearly stated.

Steps to deposit the minimum amount

The SmartFX client portal allows you to deposit funds by logging in using a browser and following the simple steps.

Once you’ve logged into your client portal, click on the deposit option and follow the instructions. When making a deposit, be sure to choose the right currency.

Your SmartFX account must be verified before you can deposit or withdraw funds.

Funds must be transferred into the same currency as the account they are being sent to. Currency conversion fees may apply if this is not done.

Payment methods review

SmartFX provides payment methods like Debit/Credit card, wire transfer, Skrill, Neteller, and Sticpay.

Wire transfer: The most common method of payment is via wire transfer.

Skrill: Skrill is another famous payment processor that most forex brokers use for online payments.

Transactions can be completed quickly, efficiently, and safely with this method.

Neteller: Neteller is among the most popular online payment methods today, similar to PayPal.

Because of its popularity, almost all forex and stock brokers accept Neteller as a deposit and withdrawal method.



SmartFX promotes a refer-a-friend campaign. Traders and their referrals can receive $50 each.

SmartFX offers an affiliate program with competitive payouts. SmartFX payment structure rewards its valued partners for introducing & onboarding new clients.

They reward affiliates of all levels for their referrals, no matter the size of their business.

This incentive ensures that SmartFX has a mutually beneficial partnership and continues to grow businesses together.

Customer support

Customers can reach SmartFX via live chat, telephone, and email support on its website. SmartFX working hours are Monday to Friday, from 10:00 to 19:00, and Saturday from 10:00 to 15:00.

SmartFX is available on most social media platforms like Facebook, Instagram, Twitter, and LinkedIn.


Education and training

In trading, education refers to all the tools and materials brokers offer, that are crucial for beginners to learn.

The course prepares traders for success by providing them with the necessary knowledge.

As a beginner trader, education is critical, and SmartFX offers a free webinar every week if you are interested in learning about financial markets.

In this session, industry experts advise which charts are worth studying for investing strategies and trade.

There is also a FAQ section on SmartFX’s website that answers all questions to start trading.


SmartFX was honoured by Global Brands Magazine – 2021 as the Fastest Growing Broker in UAE.

The company confirms its commitment to the region, something local traders should consider.


4 stars from 169 ratings


SmartFX offers several trading options, including currency pairs, commodities, and stocks. The broker offers a trading acc...

Sign upSign up
CFD service. Your capital is at risk.
Retail investor accounts lose money when trading CFDs with this provider.

Accepted countries

SmartFX company offers its services to Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar.

Customer support

In addition to 24/7 services, SmartFX offers support Monday to Friday, 10:00 to 19:00, and Saturday from 10:00 to 15:00.

Trading hours

Depending on the commodity or index, trading hours may vary.

To view market signing hours, log in to the SmartFX MT5 trading platform and go to the instrument specification section.

Bottom line

Overall, SmartFX has a Trust Score of 90, which is considered low risk.

In a nutshell, SmartFX is regulated by Vanuatu Financial Services Commission (VFSC), which offers a simple way to invest in forex, stocks, and CFDs.

SmartFX is a legit financial service provider in port vila. The account opening and deposit/withdrawal processes are simple and instant. They provide 1600+ US Stocks, more than any other brokers in the current market.

SmartFX is focused on creating value from setting up an account to the onboarding process, from investing to funding, from trade decision-making to the withdrawal process.

This is done using advanced trading tools and strategies, solid educational materials, and great customer service. In addition, SmartFX is focused on positioning clients for investing success.

The broker has a solid reputation in the industry, and many traders recommend and review it as one of the best brokers for Forex trading.

We value your feedback: Rate this broker by leaving a comment and rating below this review.

Broker FAQ

Thinking of Trading with SmartFX?

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Is Smart FX a good broker?

Trading instruments, deposit and withdrawal options, and customer support are among the criteria that constitute a good broker.

Reviewing the criteria can determine whether SmartFX is the right broker for you. Generally, SmartFX offers Forex, Gold, Silver and CFDs.

For payment methods, you can select from credit/debit cards, Neteller, Skrill, or wire transfers. Email, live chat, office, and phone are all ways to contact customer support.

How much does SmartFX require as a minimum deposit?

SmartFX requires $500 starting capital.

Is SmartFX regulated?

The Vanuatu Financial Services Commission has regulated SmartFX under number 40491. The safety of funds is also offered by its regulatory frameworks in the financial industry, which requires a compensation scheme if a client loses money due to an unprecedented event.

Is SmartFX legit?

Since 2018, SmartFX has offered trading services to clients from its United Arab Emirates and Vanuatu offices. Smart FX provides negative balance protection to its clients, making it a legit broker.

Is SmartFX charging withdrawal fees?

No. There are no withdrawal fees at SmartFX. Traders’ banks may charge transaction fees from clients.



SmartFX offers several trading options, including currency pairs, commodities, and stocks. The broker offers a trading account and a single platform as a simple trading solution.

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