SmartFX review and ratings

Established 2022
Location Vanuatu
Regulation VFSC
Offices Port Vila
Broker type STP | ECN
Leverage up to 1:400
Deposit from 10 USD
Spreads low  low
Platforms MetaTrader 5
Instruments Currencies Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller

Company information

SmartFX is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).


SmartFX accepts clients from all over the world, excluding USA, Canada and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

40+ Currency Pairs Based on major and minor world currencies.
15 Indice CFDs Based on baskets of different blue-chip stocks and US Dollar Index.
3 Metal Futures Based on Gold, Silver and Copper.
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
1600+ Stock CFDs Based on shares of US and EU companies.

Comprehensive review

SmartFX is a relatively new forex broker registered in the offshore haven Vanuatu that accepts clients from nearly all countries in the world except the US, Canada and a few others. The broker offers high trading leverage, and support for the extremely popular MetaTrader 5 (MT5) trading platform.

The thing that probably stands out the most about SmartFX is the very good selection of stocks it offers. This includes stocks from more than 1,600 companies listed in the US and Europe, making it a massive list of stocks to trade on - far larger than most other brokers we have reviewed.

In addition to stocks, SmartFX of course also offers forex trading with some 40 currency pairs to choose from, 15 major stock indices, as well as some of the most popular commodities. Crypto and other instruments such as bonds are unfortunately missing from the list.

As with almost all forex brokers, all of the assets offered by SmartFX are traded as a contracts-for-difference (CFD), a type of derivative that makes it easy to access many of these exotic markets without having a large amount of capital to put down (as traditional futures brokers would require). It also makes it as easy to go short as it is to play the asset from the long side, which opens up opportunities to profit from all market conditions.

With SmartFX, anyone can start trading with an account for as little as $10. Unlike many other brokers, there is only one type of trading account to choose here, namely the Smart Account. The account offers access to a total of more than 2,000 trading instruments, leverage as high as 1:400 on the most liquid instruments, and spreads as low as 1.2 pips on the popular EUR/USD forex pair (which typically has the lowest spreads).

The Smart Account does not charge commissions on trades, which makes this a typical STP-style account. As we always say, however, paying commissions rather than having wide spreads (an ECN-style account) is usually the better option for those who trade professionally. Unfortunately, that is not possible with SmartFX with the current trading conditions.

To fund a trading account with SmartFX, clients can make a bank transfer in USD or EUR, or use either Visa, MasterCard, Skrill or Neteller. The broker does not charge any fees for accepting deposits other than the fees charged directly by the payment provider, and payments from all deposit methods except bank transfer are credited instantly to the trading account.

Despite the broker being registered offshore where regulations are lax, deposits and withdrawals with crypto are not accepted.

In conclusion, it should be noted that SmartFX is a pretty new forex broker that was registered as recently as in 2022. This means that it has a limited track record so far, and few traders have any actual trading experience with it. As a result, it is important to take a careful approach to it (and all other brand new brokers), and only deposit money after doing thorough due diligence.

In sum, however, we have not seen anything that would suggest SmartFX is dishonest in any way. Because of this, we think the broker could be a good choice for traders looking to trade mainly stocks on MT5.

No reviews yet

No reviews from traders yet.