Overview of SMTT Markets
SMTT Markets, established in 2023 and headquartered in the United States, is a financial brokerage firm offering a wide array of trading instruments including Forex, Precious Metals, Crude Oil, Indices, and Cryptocurrency.
Regulated by the Australia Securities & Investment Commission (ASIC) SMTT Markets provides traders with access to leverages up to 1:500 and competitive floating spreads starting from one point.
Is SMTT Markets Legit?
SMTT Markets has the ASIC AR license. However, the current status is revoked, with the license number of 001307977.
Pros and Cons
Trading Instruments
Foreign Exchange: A selection of major currency pairs such as EUR/USD, USD/CAD, and GBP/USD.
Precious Metals: Spot trading for gold (XAUUSD) and silver (XAGUSD).
Crude Oil: Trading options for US crude oil (UsOIL).
Indices: Access to global indices including the Hong Kong Hang Seng Index (HK50), German Index (GER30), and S&P 500 Index (US500).
Cryptocurrency: A variety of popular digital currencies including Bitcoin (BTC/USD), Ether (ETH/USD), and Ripple (XRP/USD).
Account Types
Comprehensive Account: Allows trading of CFD contracts with a unique, proprietary composite index mimicking real market movements, available round the clock.
Finance Account: Designed for trading forex, commodities, and cryptocurrencies, including both large (standard) and microcurrency pairs with high leverage options.
Financial STP Account: Focuses on major and minor trades, particularly beneficial for markets where trading volumes and currency pairs with smaller spreads are prominent.
Leverage
SMTT Markets offers leverage ranging from 1:100 to 1:500, providing traders with the flexibility to choose their level of risk and potential reward.
Spreads and Commissions
SMTT Markets provides floating spreads starting from as low as one point, ensuring clients have access to near-direct market prices without the worry of double quotes.
Trading Platforms
SMTT Markets provides the Tradingweb platform, notable for its extensive use in CFD trading, supporting over 330,000 clients. It features a comprehensive suite of tools, including more than 50 technical indicators for in-depth chart analysis, and offers 24/7 trading across over 100 assets.
Customer Support
SMTT Markets provides customer support via email at support@smttmarketsfx.com. Their company address is located at 96 Wadsworth Blvd Num 127-3255, Lakewood, CO 80226, U.S.A.
Trading Tools
SMTT Markets collaborates with Goldman Sachs to offer advanced trading tools, including the Analyst View (AOI), Adaptive Candle Diagram (AC), and Adaptive Trend Indicator (ADC). These tools, recognized for their excellence, provide automated investment analysis and research to assist traders in making informed decisions.
Conclusion
In conclusion, SMTT Markets offers a comprehensive trading platform with a diverse range of tradable assets and competitive leverage options, coupled with advanced trading tools through its partnership with Goldman Sachs.
FAQs
What trading instruments does SMTT Markets offer?
SMTT Markets provides a variety of instruments, including foreign exchange, precious metals, crude oil, indices, and cryptocurrencies.
Can I trade with leverage on SMTT Markets?
Yes, SMTT Markets offers leverage options ranging from 1:100 to 1:500.
Is SMTT Markets regulated?
Yes, SMTT Markets is regulated by the Australia Securities & Investment Commission (ASIC) under an Appointed Representative (AR) license, with license number 001307977. However, its regulatory status with the National Futures Association (NFA) in the United States is marked as “Unauthorized,” indicating potential risks associated with trading on the platform.
What platforms does SMTT Markets use for trading?
SMTT Markets offers the Tradingweb platform, featuring powerful charting tools, technical indicators, and a user-friendly interface for CFD trading.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.
