Last Updated on: 8th August 2024, 04:19 pm
SmartSTP is a broker that stands out in a crowded field of online Forex & CFD brokers. With its commitment to providing traders with the latest technology and the best possible trading experience, it has become a trusted name in the industry. So, whether you have already been trading with it or looking to get started, this detailed SmartSTP Review 2024 will serve as your comprehensive guide.
This broker offers a range of trading tools and resources designed to help traders succeed, from its user-friendly platforms to its educational resources and market analysis.
In this SmartSTP Review 2024, we’ll look closely at what makes smartSTP stand out from its competitors, exploring its strengths and weaknesses and giving you the information you need to decide whether to trade with this broker.
Who Is SmartSTP & How Does It Work?
It is a multi-asset trading platform based in Mauritius, offering services in over 100 countries. The broker services span from trading and investing to wealth management.
You can trade over 300+ underlying assets from top global markets, including Forex, Commodities, Cryptocurrencies, Indices & Stocks.
At the same time, the broker’s Website – www.smartstp.com, is owned and operated by MRL Investments (MU) LTD, a Mauritius-based financial services provider.
Meanwhile, the broker’s top-tiered regulations & highly transparent services give a sense of trust & reliability to traders.
SmartSTP Scam Report: Is It Safe To Trade With?
Smart STP is one of the safest brokers we have reviewed so far. The reasons can be said to be its top-tier regulations, strict implementation of security measures and service transparency.
It holds a regulatory license from the Financial Services Commission (FSC), a top-tier financial regulatory in Mauritius. At the same time, its physical presence also adds to its legitimacy.
Based on our research for SmartSTP Review 2024, we can undoubtedly term it a safe and trustworthy broker; hence, it is not a scam.
Smart STP Review 2024: Pros & Cons
This section of Smart STP Review 2024 discusses the advantages and disadvantages of trading with this broker.
| Pros | Cons |
| 300+ Tradable Instruments Available | Unavailability Of Mobile App |
| Fast Trade Execution | |
| Robust Security | |
| Advanced Trading Terminals | |
| Highly Responsive Customer Support |
Available Trading Accounts At Smart STP
Alongside a free demo trading & an Islamic account, the broker allows traders to access three live trading accounts: Silver, Gold and Platinum Account.
Each of these account types offers different trading conditions & features tailored according to the need of every sort of trader.
Here’s a quick comparison of all available trading accounts at Smart STP to help you determine which suits your trading style best.
Silver Account
- Minimum Deposit – $250
- Execution Mode – MT4NCC, MT4 Fixed, MT4NDD, MT4 Cent
- Base Currency – USD, EUR, GBP
- Average Execution Speed – 0.08
- Spreads – Starts From 2.5 Pips
- Maximum Leverage – 1:200
- Islamic Account – Available
- Fifth Decimal
Gold Account
- Minimum Deposit – $250
- Execution Mode – MT4NCC, MT4 Fixed, MT4NDD, MT4 Cent
- Base Currency – USD, EUR, GBP
- Average Execution Speed – 0.06
- Spreads – 20 Pips (50% Discount)
- Maximum Leverage – 1:200
- Islamic Account – Available
- Fifth Decimal
- News Alert
- Dedicated Account Manager
- Webinars & Videos
- Islamic Account
- 25% SWAP Discount
Platinum Account
- Minimum Deposit – $250
- Execution Mode – MT4NCC, MT4 Fixed, MT4NDD, MT4 Cent
- Base Currency – USD, EUR, GBP
- Average Execution Speed – 0.08
- Spreads – 18 Pips (75% Discount)
- Maximum Leverage – 1:500
- Islamic Account – Available
- Fifth Decimal
- News Alert
- Dedicated Account Manager
- Webinars & Videos
- Islamic Account
- 50% SWAP Discount
Smart STP Islamic Account
Muslim traders can practice trading without compromising their religious values with SmartSTP’s Islamic accounts available for silver, gold and platinum account types. Check out what SmartSTP’s Islamic account offers:
- No charges for overnight positions and night rollovers
- Adherence to the Shariah law
- Risk distribution
- Access to a variety of trading markets
- All the benefits or features of a regular trading account.
Stand Out Features of SmartSTP
- Flexibility: The broker offers a user-friendly and flexible trading environment catering to the needs of different traders. Plus, you can access SmartSTP on web and mobile applications, making it convenient for traders.
- Transparency: The broker has no hidden charges and maintains transparency with the charges, account features, transactions, etc. The website also clearly mentions all the features and benefits the broker offers without any false claims.
- Security: The broker has maintained security through authentic regulation under top-tier financial watchdog FSC and provides additional features like SSL protection.
How Can You Open A Live Trading Account On SmartSTP?
The account opening process on SmartSTP is quite straightforward and streamlined. The platform prides itself on its user-friendly interface and easy-to-follow instructions, which makes signing up and getting started with trading a breeze.
- Visit the SmartSTP website (www.smartstp.com) and click on the “Open An Account” button.
- Complete the application form with your personal details, including your name, address, and contact information.
- Now, provide information about your past trading experience to help the platform determine your investment goals, trading experience, and risk tolerance.
- Verify your identity by uploading government-issued documents, such as a passport, driver’s license, or utility bill. This is to comply with Know Your Customer (KYC) regulations and prevent fraud.
- After your application has been approved and your identity has been verified, you can fund your account to trade.
What Types Of Trading Instruments Are Available On SmartSTP?
The broker offers a broad range of trading instruments covering multiple asset classes. While many other online brokers offer similar instruments, what sets SmartSTP apart is its competitive pricing, user-friendly trading platforms, and wide range of resources to support traders at all levels.
Here’s a list of all available trading instruments on the platform:
- Forex – EUR/USD, GBP/USD, AUD/USD, EUR/GBP, USD/CAD & USD/JPY
- Commodities – NGAS, BRNT, CL, COCOA, COFFE & SUG11
- Indices – E-MINI S&P500, E-MINI DOW, Nasdaq100, DAX 30 & FTSE 100
- Stocks – AMAZON, APPLE, TESLA, FACEBOOK, MSFT & GOOGLE
- Metals – XAG/USD, COPP, PALAD, XAU/USD & PLAT
- Cryptocurrencies: XRP/USD, ADA/USD, LTC/USD, BTC/USD, ETH/USD & BNB/USDT
How Does SmartSTP Fee Compare To Other Online Brokers In The Industry?
As per our SmartSTP Review 2024, the broker fee structure is quite competitive, with no deposit or withdrawal fees and spreads starting as low as 0.20 pips. Additionally, traders can benefit from negative balance protection, ensuring they can never lose more than their account balance.
At the same time, there are no commission charges for any trade placed. While some brokers may offer lower spreads, SmartSTP’s fees are generally considered to be fair and transparent, with no hidden costs or fees.
Here’s detailed information on the broker’s fee:
- Silver account spread begins with 28 pips
- Gold account spread starts from 20 pips with a 50% discount
- Platinum account spreads are from 18 pips with a 75% discount
Does SmartSTP Offer Leveraged Trading On Any Of Its Instruments?
Yes, the broker offers leveraged trading on many of its instruments. However, it’s worth noting that the amount of leverage varies depending on the instrument being traded, with forex and cryptocurrencies generally having higher leverage than other asset classes.
Here is some quick information on SmartSTP leverage trading:
- Forex – 1:200 (Silver & Gold Account) & 1:500 (Platinum Account)
- Commodities – 1:50 (Silver & Gold Account) & 1:125 (Platinum Account)
- Metals – 1:50 (Silver & Gold Account) & 1:125 (Platinum Account)
- Indices – 1:50 (Silver & Gold Account) & 1:125 (Platinum Account)
- Stocks – 1:10 (Silver & Gold Account) & 1:10 (Platinum Account)
- Cryptocurrencies – 1:2 (Silver & Gold Account) & 1:2 (Platinum Account)
Based on our findings from SmartSTP Review 2024, the broker’s leverage offering is competitive and under global industry standards.
What About SmartSTP Deposit & Withdrawal Conditions?
The broker’s deposit and withdrawal conditions are quite convenient compared to other online brokers. It offers a variety of deposit and withdrawal methods, including bank transfer, credit/debit cards, PayPal, Neteller, Skrill and VPay.
At the same time, it doesn’t even charge any deposit fees, but fees may apply for certain withdrawal methods. The minimum deposit amount required to open a trading account is relatively low ($250), which can be attractive for new traders.
Meanwhile, the withdrawals are typically processed within 1-3 business days. Considering the detailed SmartSTP Review 2024, the broker’s withdrawal & deposit conditions are considered to be top-notch.
What Are The Key Features Of SmartSTP Trading Platforms?
The broker currently offers only one trading platform – Webtrader that offers a range of features that can be useful for traders of all levels, from beginner to advanced.
Its intuitive interface is well-organized and provides various tools to help traders of all levels update with the market.
The key features of the SmartSTP Webtrader platform include
- User-friendly Interface: The platform is designed to be user-friendly, making it easy for traders of all levels to navigate the platform.
- Customizable Workspace: Traders can customise their workspace on the Webtrader platform to suit their trading needs.
- Multiple Chart Types: The platform offers a variety of chart types, including candlestick, line, and bar charts.
- Technical Analysis Tools: Traders can access a range of technical analysis tools, such as trend lines, indicators, and oscillators, to help them make trading decisions.
- Risk Management Tools: Traders can apply various risk management tools, such as stop-loss and take-profit orders, to help traders manage their risk.
- Real-time Market Data: The platform provides traders with real-time market data, including prices and market depth.
- One-click Trading: The Webtrader platform enables traders to execute trades with just one click, which can be useful for fast-moving markets.
- No Download Required: As a web-based platform, traders do not need to download any software to use it.
Does SmartSTP Offer Mobile Trading Platforms For Traders?
As a relatively new trading platform, SmartSTP does not offer a dedicated mobile app. However, it is possible that the company may soon launch a mobile app or release a mobile version of its web-based trading platform in the future to meet the growing demand for mobile trading.
SmartSTP Review 2024: Educational & Research Support
The broker offers a comprehensive set of research tools for both beginner & advanced traders. However, it falls short of offering educational resources.
The research tools offered by the broker include market analysis reports, daily market news updates, charts and economic calendars.
Overall, our research for SmartSTP Review shows the broker’s research tools are quite competitive; however, the lackness of educational resources can be said to be the platform’s biggest disadvantage.
SmartSTP Customer Support Services
The broker’s support team is responsive and is available 24×5. In fact, we had a great interaction with the team. They are highly trained professionals who resolve any queries or issues related to the platform.
Meanwhile, clients can also access the company’s extensive knowledge base, which includes frequently asked questions, user guides, and tutorials.
Additionally, the broker offers a dedicated account manager to each client, who can provide personalised support and assistance with trading-related queries.
Here are the detailed contact details Of SmartSTP:
- Live Chat
- Email: [email protected]
- Telephone Number: +971525353542, +41225087362
- UAE: 97145429107
- Qatar: 97365002073
- Kuwait: 96522063872
- Switzerland: 41265087335
- Saudi Arabia: 966115112679
- Oman: 97365002067
- Bahrain: 97365002018
Final Words On SmartSTP Broker Review 2024
The detailed analysis of SmartSTP Review 2024 shows the broker is a good choice for both beginner and professional traders. The account types, trading instruments, fees and regulations are well in place.
Overall, the platform offers the best trading conditions and top-notch customer support to enhance the trading experience. Based on our experience with the platform, we highly recommend trading with this broker.
