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Smart STP Forex CFD Trading Markets Review 2024

Meta Description: Smart STP is a Forex and CFD trading platform. The platform offers an enhanced trading experience with multiple accounts, leverage options, and dedicated support.

General Information & Regulations

Aspect

Information

Registered Country/Area

Mauritius

Founded Year

Not Specified

Company Name

Smart STP

Regulation

FSC

Demo Account

Not Available

Minimum Deposit

$250

Maximum Leverage1:500
SpreadsVariable
Trading PlatformsTradingView
Customer SupportEmails, Live Chats, Calls, and Contact Form

SmartSTP broker is a well-regulated and trusted platform. It offers traders with strict regulations and transparent trading environment. SmartSTP is a growing trading platform providing trading opportunities. The platform is known for its multiple assets and account types. SmartSTP is a major player in the model of Straight-Through Processing (STP).

Smart STP Trading

This SmartSTP Review 2024 will discuss the key elements of the platform. It will include the account types, commissions, trading platform, and transactions on the platform.

Trading Instruments

The SmartSTP trading platform provides access to various trading products. These assets allow investors to create a better portfolio. The major products are:

Commodities

The platform offers CFD trading in metals, agriculture, and energy. You can invest in gold, oil, and silver. SmartSTP provides opportunities for traders to hedge risk.

Forex

The platform provides unique trading opportunities. It allows access to the primary asset class with major, minor, and exotic currency pairs. The broker also has dedicated support and assistance.

Indices

SmartSTP provides access to major indices from global markets. It provides exposure to the market movements.

Cryptocurrencies

The platform offers CFD trading in global digital currencies. The platform allows traders to explore digital assets. This helps enhance the portfolio.

Account Types

SmartSTP trading broker offers traders with different types of accounts. These accounts are created to meet the needs of the traders with varying goals.

SmartSTP Account Type

Silver Account

These accounts are ideal for beginners with a low budget. It provides basic features for CFD trading.  However, it does not offer any swap discounts for Islamic traders.

Gold Account

These accounts are suitable for more experienced traders. It offers lower spreads and enhanced trading conditions.

Platinum Account

These accounts are for traders with maximum experience. It provides direct market access with tighter spreads and a small commission.

Islamic Accounts

Smart STP Islamic Accounts

SmartSTP provides Islamic traders with separate accounts. These accounts do not charge overnight charges and adhere to the Shariah law.

Overall, SmartSTP broker review of accounts will help traders decide on the perfect account. Investors can choose the account that meets their tradinmg goals and helps them grow. However, the SmartSTP demo account is not available. This makes it difficult for beginners who want to practice their trading skills.

Leverage

Smart STP Leverage

SmartSTP is known for its competitive leverage.  This enables them to control large positions with small capital. These leverage options vary for different assets.

  • The platform offers leverage up to 1:200 for fx pairs, indices, and commodities.
  • It provides crypto traders with a maximum leverage of 1:10. This low leverage option is because of the higher volatility of the assets.

However, the leverage option is one risky feature. It does help amplify your profits but it can also amplify your losses.

Spreads & Commissions

SmartSTP Spreads & Commissions

SmartSTP trading broker is known for its tight and low spreads. The platform offers as low as 0.1 spreads for trading in different assets.

  • The platform charges a small commission per trade. This differs for the different accounts.
  • For those who hold positions overnight, SmartSTP does charge swap or rollover fees. However, this is eliminated for Islamic account holders.

Overall, the platform provides a transparent fee structure that makes trading seamless. It also allows the trader to calculate the trading costs beforehand.