SmartSTP Information
SmartSTP is an unregulated brokerage firm that was incorporated in Mauritius in 2018 and currently operates in 15 countries. The broker offers its clients a comprehensive range of trading products: commodities, Forex, indices, stocks, metals and cryptocurrencies.
It requires a minimum deposit of $250 and has 3 tiered accounts, each with an Islamic account. The platform used by the company is called “SmartSTP WebTrader” and has basic features that can be accessed via the web.
Pros and Cons
Is SmartSTP Legit?
SmartSTPis currently in a state of no effective supervision, which means that its activities are not supervised by the government or financial institutions.
What Can I Trade on SmartSTP?
SmartSTP offers traders the opportunity to trade commodity CFDs, forex, indices, stocks, metals and cryptoscurrencies.
Account Types
SmartSTP offers three live account types, namely Silver account, Gold account and Platinum account.
The silver account leverage is as high as 1:2000, while there is no discount on spreads and swaps.
Gold accounts are all leveraged at 1:200, but there is a 25% discount on spreads and swaps.
Platinum accounts offer a 50% discount on spreads and swaps. The minimum deposit is $250, which is above the industry average.
Demo account is not provided.
In addition, each account has an Islamic account with no interest charges for overnight rollovers.
Leverage
SmartSTP allows clients to leverage up to 200:1 for all types of accounts.
Trading Platform
SmartSTP Webtrader is chosen by SmartSTP to serve clients of different preferences.
Deposit and Withdrawal
SmartSTP accepts multiple financing methods: credit and debit cards, SEPA (Single Euro Payment Area) and SWIFT wire transfers.
The minimum deposit is $250. Other than wire transfers, there is no minimum withdrawal amount required by the broker. For wire transfers, the minimum withdrawal requirement is $50.
