Menu
71% of retail investor accounts lose money, …
SmartSTP, the latest contender in the global Forex and CFD scene, showcases an innovative approach to enhance the accessibility of trading and investing. The broker aims to influence a broad audience. For an in-depth understanding, continue reading our SmartSTP Review 2024.
Renowned for its user-friendly interface, rapid trade execution, and extensive trading options, Smart STP has emerged as a preferred platform for novice and experienced investors. Is it the ideal choice for you? This Smart STP broker review for 2024 jumps into the latest offerings, detailed fee structures, and a comprehensive scam analysis report, aiding you in determining its suitability for your trading and investment requirements.
| FOUNDED IN | 2022 |
| HEADQUARTERS | N/A |
| REGULATORS | FSC |
| MINIMUM DEPOSIT | $250 |
| PLATFORMS OFFERED | WebTrader |
| TRADING INSTRUMENTS | Forex, Commodities, CFDs, Cryptocurrency and metals |
| ACCOUNT CURRENCY | USD, GBP or EUR |
| MAXIMUM LEVERAGE | Up to 1:200 |
| CUSTOMER SUPPORT | 24/5 |
| DEPOSIT OPTIONS | Nettler, Skrill, Paypal, VPay, credit/debit cards, and Local Bank Transfer |
| COMMISSION | No commission |
| SPREADS | Variable |
| MOBILE TRADING | No |
| AFFILIATE PROGRAMME | No |
| CONTESTS AND BONUSES | No |
Smartstp is a CFD brokerage firm located in Mauritius. The broker is regulated by the Financial Service Commission, a stringent body. The broker deals in various commodities, indices, stocks, cryptocurrency markets, etc.
It equips traders with the necessary tools and resources, empowering them to make informed decisions and profit from the financial markets.
Smart STP is a legitimate broker, regulated and overseen by Mauritius’ Financial Services Commission (FSC) under license no. GB21027168. Its parent company, MRL Investments LTD, is a reputable and officially registered financial services provider in Mauritius with registration no. 187076.
The platform prioritizes a secure trading experience and offers features such as two-factor authentication (2FA) and biometric login for mobile app users. Further ensuring fund safety, it segregates clients’ funds from the company’s funds and maintains insurance through the Investor Compensation Fund (ICF).
The advantages and disadvantages of SmartSTP are:
| PROS | CONS |
| Tailored Trading Accounts | MT4 and MT5 are not available |
| Extensive Selection of CFD Assets | 24*5 customer support |
| Knowledgeable and Responsive Customer Support | |
| High Leverage and Competitive Spreads | |
| Professional Customer Support Available 24/5 |
Unavailability Of MT4 & MT5 Platforms
SmartSTP offers various types of accounts, tailored according to trader’s needs:
| Account Types | Silver | Gold | Platinum |
| Minimum Deposit | $250 | $250 | $250 |
| Minimum Deal Size | 0.01 | 0.01 | 0.01 |
| Leverage | 1:200 | 1:200 | 1:200 |
| Stop out level | 5% | 5% | 5% |
| Spread Discount | No | 25% of Silver | 50% of Silver |
| Swap Discount | No | 25% of Silver | 50% of Silver |
The broker provides Islamic trading accounts designed explicitly for Muslim traders, featuring zero night rollover charges.
The broker offers Islamic trading accounts explicitly crafted for Muslim traders, with the notable inclusion of zero night rollover charges.
STEP 1: Select “Open Account.”
STEP 2: Provide your first name, last name, and mobile number.
STEP 3: Fill out the application form and answer trading background questions.
STEP 4: Verify your identity by uploading the required documents.
STEP 5: Deposit funds to start trading.
After registration, You can log in to your SmartSTP account by entering your email id and password.
SmartSTP offers a range of Trading Instruments:
SmartSTP is distinguished by its commission-free trading system. However, traders must know the spreads and SWAPs (overnight positions fees). The exact charges for spreads vary depending on what type of bank account you have used and are outlined in the specific fee structure.
SmartSTP can be leveraged, allowing traders to open more positions using a smaller initial investment. The maximum leverage can differ depending on the instrument and account type.
| Instruments | Silver | Gold | Platinum |
| Forex | 1:200 | 1:200 | 1:200 |
| Metals | 1:50 | 1:50 | 1:50 |
| Commodities | 1:50 | 1:50 | 1:50 |
| Indices | 1:50 | 1:50 | 1:50 |
| Stocks | 1:10 | 1:10 | 1:10 |
| Cryptocurrencies | 1:5 | 1:5 | 1:5 |
SmartSTP offers traders access to worldwide market and exchange opening/closing schedules and upcoming holiday dates that may impact their trading routines. Utilise this resource to strategise your activities and mitigate surprises such as sudden market fluctuations or additional fees outside of operational hours.
SmartSTP does not offer MetaTrader4 and MetaTrader5 advanced platforms. The primary trading platform, Webtrader, is equipped with various features to assist traders in managing their positions effectively.
With a clean and modern design, its user interface offers customisation options for watchlists and charts.
As of now, the broker has not introduced mobile trading and lacks a downloadable mobile application on iOS or Android platforms. Although this may pose a drawback for traders who prefer on-the-go management, it is a typical strategy for emerging brokers to prioritise desktop platform development before venturing into mobile applications.
The broker may incorporate mobile trading options in the future as it continues to grow and expand its services.
Read also: Forex cards and their usage
The broker provides exceptional customer support services 24×5 across various channels, ensuring assistance whenever required. Staffed by highly trained professionals, the customer support team is committed to addressing platform-related queries or issues.
Moreover, the phone support service is available in multiple languages, facilitating traders worldwide to seek assistance in their preferred language. Notably responsive, the team promptly delivers solutions to your inquiries.
UAE: +971525353542, +41225087362
Switzerland: +41265087335
Bahrain: +97365002018
Qatar: +97365002073
Saudi Arabia: +966115112679
Kuwait: +96522063872
Oman: +97365002067
Following an extensive review of Smartstp’s brokerage services, we are delighted to convey our positive impressions. The platform offers support and resources, facilitating seamless accountability of markets and trade execution. Furthermore, the trading platform is intuitive and user-friendly, and the fees and commissions are competitively structured.
Log in to your account and select the “Deposit” icon.
To retrieve a lost password, click on the ‘Forget Password’ icon and follow the steps to reset it. If you’ve forgotten your username, please contact the support team for assistance.
You cannot manually delete your trading account. To initiate the closure process, please contact customer support, submit a request, and provide a valid reason for the account closure.
The broker imposes no commissions; instead, there are spread charges, generally commencing from 2.5 pips.
The minimum deposit requirement is $250, though variations may occur based on your region and selected payment method.
Yes, SmartSTP provides a demo account with each distinct account type, enabling traders to engage in trading with their preferred plan without risking any funds. Additionally, Islamic traders can utilise SmartSTP Broker via its Swap-free Islamic account.
No, SmartSTP does not support platforms such as MT4 and MT5; consequently, the advanced tools offered by these platforms are unavailable through the broker.
Our mission is to assist millions of traders in finding the best broker. We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice.
There are no reviews yet. Be the first one to write one.
There are no reviews yet. Be the first one to write one.
There are no reviews yet. Be the first one to write one.
There are no reviews yet. Be the first one to write one.