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SmartSTP Review | Solid Spreads and Modern Trading Tools or a Scam?

by Kevin Berry
Rating: 
  4.9/5   Reviews: 12
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Here we have the popular broker SmartSTP, offering to start trading many financial assets on its advanced and modern platform. The company is officially registered in Mauritius, where it also obtained a license to operate from the regulator. Also, an additional office has been opened in Cyprus, and technical support is available in 7 languages. The global presence and experience are immediately apparent. Still, how profitable is it to trade here? What advantages and opportunities open up for traders? What is special about the platform? Let’s find out.

Highlights

🏛️ Country Mauritius, Cyprus
⚠️ Regulation MFSC
🖥️ Website https://www.smartstp.com/
🎲 Demo Account Yes
⏳ Start Time 2022
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:200
⚙️ Trading Platform Match-Trade
📨 E-mail support@smartstp.com
📞 Phone +41265087335, +97145429107

First Impression of Smartstp.com

The official website of SmartSTP serves as an introductory gateway to the company’s conditions and activities, offering a strategic overview that focuses on key aspects of its operation. The top panel, designed with standard usability in mind, efficiently guides visitors through various aspects of the company’s offerings:

  • About us.
  • Markets.
  • Trading platform.
  • Account types.
  • Legal documents.
  • Contacts.

 

website

The website stands out for its distinctive design and layout, eschewing the common template approach for a more personalized touch of uniqueness. The footer of the website thoughtfully includes legal addresses and a standard warning about risks, underscoring the company’s commitment to transparency and ethical practice.

The company did not skimp and created a truly high-quality resource, filled with useful and quality information. Visitors can learn everything: trading conditions, platform, facts about the broker’s activities, and much more. So, SmartSTP can only be commended for its professionalism.

Partnership and Bonuses

Clients can receive bonuses for deposit replenishment. SmartSTP sets the following conditions for its users: for every $1,000 in bonuses, one needs to complete a trading turnover of 200 lots. These are typical and normal conditions for bonus promotions. Therefore, we recommend first assessing your own capabilities, as well as additionally consulting with managers, and only after that making a decision on receiving bonuses.

Account Opening on Smartstp.com

Before studying the interface of the personal cabinet and platform, you need to register. The first stage of registration in SmartSTP includes providing your name, contacts, and password, and agreeing to the terms of all legal documents. The second stage is adding information about your address of residence and date of birth. Next, you need to answer 12 questions about income, capital in USD, the main source of income, education, goals, and trading experience in the financial markets. The fourth step involves immediately depositing funds, but this can be postponed. And finally, identity verification.

sign up

After all the steps, the client portal of SmartSTP opens, which includes the trading platform. You can immediately start testing the service on a demo account with a virtual 10,000 euros. This feature allows both new and experienced traders to explore the platform’s functionalities, experiment with trading strategies, and gain confidence before committing real funds.

The account management panel is located to the left of the terminal. Users can view current accounts and their balances, deposit and withdraw money, upload documents for KYC, submit requests to technical support, download statements, and edit personal data.

Simplicity and convenience are the main advantages of the broker. It’s obvious that the firm understands how important it is to provide a user-friendly client portal and clear navigation so that clients can feel comfortable and secure. Moreover, the lengthy registration process demonstrates the commitment to serious collaboration. This also characterizes the intermediary as professional and reputable.

Verification

Verification is a mandatory process, and if it is skipped at the time of registration, the broker recommends not doing so, but uploading documents for KYC immediately. SmartSTP requires two types of documents: proof of identity and address of residence. In addition, you need to provide confirmation of a bank card if it is used for money transfer.

Verification

Mandatory identity verification is a testament to the unwavering commitment to adhering to stringent regulatory standards, ensuring a secure and compliant trading environment. The requirement for clients to submit documents containing personal data is not an arbitrary measure but a critical compliance step mandated by financial regulators.

By enforcing this protocol, SmartSTP not only aligns with the legal expectations set forth by these authorities but also reinforces the trust and safety of its trading platform.

Pros
  • It is convenient to upload documents.
  • Mandatory KYC.
Cons
  • None.

Trading Software

The trading platform at SmartSTP is available as a WebTrader, but the terminal can also be downloaded to a computer. Those who prefer to execute trades on a mobile phone can appreciate the mobile platform, adapted for all browsers on Android/iOS smartphones. Also, clients can use the main tools and options:

  • Pending orders, including stop-losses and take-profits.
  • Analytical tools: lines, levels, indicators, and other graphic elements.
  • News feed and top movers.
  • Several types of timeframes.

Terminal

According to reviews, the platform operates stably and without interruptions. SmartSTP understands how important the technical stability of the terminal is, so that traders do not face lags, slippage, requotes, and other problems during operation.

The set of instruments and options is standard and at the same time diverse. With their help, users can build various trading strategies, creating their own unique advantage in the market, and thus, making a profit.

Features SmartSTP Exton Global Fidelis Wealth Management
Demo Account ✔️
Mobile App
Own Development

How Can I Trade With SmartSTP?

The firm offers trading in a wide range of assets: commodities, cryptocurrencies, forex (minors, majors, and exotic pairs), indices, metals, and stocks (Europe, UK, and USA).

All Info About Accounts

SmartSTP has developed 3 types of accounts, which differ in swaps and spreads:

  1. Silver. Spreads from 2.5 pips, qualified technical support, leverage up to 1:200, and account currency USD/EUR.
  2. Gold. Additionally, there are services of a personal manager, webinars, and educational videos. Discount on swaps and spreads of 25%. The rest of the conditions are the same.
  3. Platinum. Spreads and swaps are twice as beneficial as in “Gold”, and there are also news alerts.

Account types

You can start trading with $250, which is the minimum threshold for the first deposit. To increase trading volumes, SmartSTP offers the use of leverage. It is up to 1:200 for currency pairs, and lower for other asset classes, as they have higher volatility compared to Forex, therefore, they are more dangerous if using additional leverage. So the firm understands all the risks and restricts traders from them.

The minimum transaction volume in SmartSTP is 0.01 lots, which allows managing risks by entering a position with a small volume. The stop-out level is 5%, and the margin call is not indicated. Clients can also activate the swap-free function, in other words, open an Islamic account.

The trading conditions can be described as favorable and client-oriented. Do you want to test strategies without the risk of losing money? Welcome to the demo account. Need an Islamic account? Such an option is offered. Don’t want to risk large sums and trade with small volumes? The minimum lot of 0.01 is specially created for this. Have significant experience and accept all the risks, but lack substantial capital? Then you can use leverage.

Pros
  • There is a specification of instruments with current spreads.
  • Islamic account and demo.
Cons
  • Not found.

Market Analysis and Education With Smartstp.com

Assistance from a personal manager, webinars, educational articles, and a support hub – all these are aimed at helping clients, especially beginners who need such a service. Naturally, SmartSTP understands this perfectly, therefore it meets the need for educational content and service. Moreover, the company provides useful information and analytics in its social media accounts on Instagram and Twitter.

Deposit, Withdrawal, and Fees

By default, the firm offers to deposit funds using a bank card. However, traders can also use bank wire transfers and electronic wallets, such as Skrill and Neteller. SmartSTP does not charge a commission for the deposit and withdrawal of funds.

Features SmartSTP Neotrades National Trade Center
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

SmartSTP managers are available in various ways: phone, email, and online chat. In the online chat, responses are fast, within 1 minute, although it is indicated that the average response time is 7 minutes. Looking at the listed phone numbers, one can conclude the geography of clients – the Middle East, as numbers from the UAE, Qatar, Bahrain, Kuwait, Oman, and Saudi Arabia are listed, and Switzerland is also included in this list.

In addition, the broker has accounts on social networks like Facebook, Instagram, Twitter, and LinkedIn. There are few subscribers there, but the content is published regularly.

The diverse contact details provided by SmartSTP clearly illustrate the firm’s position as a global brokerage organization. By facilitating communication through multiple channels, the firm ensures that clients from almost any part of the globe can easily get in touch, receive assistance, and engage with their services.

Pros
  • 7 phone numbers are listed and there are accounts on social networks.
  • Responses in online chat are fast.
Cons
  • Not found.

Is SmartSTP Dangerous?

Now we move on to the concluding part of our review. So, at this point, we can say that the company offers interesting opportunities and quite adequate trading conditions, as well as a modern platform and excellent support. Next, we will examine the broker’s experience in the financial markets and its legitimate status.

How Long Does The Broker Work?

The operational tenure of a company is indeed a critical indicator of its reliability and expertise. SmartSTP’s substantial period of operation within the brokerage service industry rightfully positions it as an experienced intermediary. This extensive experience has equipped the firm with a profound understanding of traders’ needs, preferences, and challenges.

SmartSTP’s seasoned background is a testament to its dedication to excellence and its ability to offer tailored solutions that resonate with the requirements of traders at all levels.

 

How Is SmartSTP Regulated?

The official website specifies the legal entity that owns the platform, MRL Investments, registered in Mauritius and holding a license from the MFSC. Indeed, checking the MFSC registry confirmed that such a company operates legally. Thus, SmartSTP is under the control of the financial commission, which means a high level of security.

Equiity - MFSC

Moreover, let’s remember the mandatory identity verification, which is a direct signal that the broker complies with regulatory requirements. It’s also worth noting SmartSTP’s effort to first warn its clients about the risks and then limit them, especially for beginners who do not fully understand how leverage works. Therefore, we see constant warnings about risks, limitations on maximum leverage, and 0.01 lots as the minimum volume.

Features SmartSTP Mitrade LumineTrade
European Zone
Asian Zone ✔️
American Zone
African Zone
Offshore ✔️ ✔️

Frequently Asked Questions (FAQ)

How to Trade With SmartSTP?

First, you need to go through a lengthy registration procedure, where you need to provide personal data, create a password, answer 12 questions, deposit funds, and upload documents for KYC. You can opt out of depositing funds and verification, leaving them for later. You can also try the service on a free demo account.

Is SmartSTP Legit?

The broker is registered in Mauritius, where it is regulated by the MFSC. So the company's activities are conducted officially and legally, and under the control of the financial commission.

How Risky Is It?

SmartSTP tirelessly warns about the risks of margin trading. We also want to caution all users and remind them that more than 74% of traders lose their money in the financial markets. This matter requires a prepared approach and an understanding of all the risks.
Kevin Berry
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Expert Opinion

A good place for starting to earn money in the Forex/CFD market. SmartSTP has shown and established itself as an experienced and client-oriented brokerage intermediary. The comfortable service and the firm’s management’s understanding of what to provide their clients for stable trading success are immediately felt. The entire set of services and opportunities is available on this platform. However, one must not forget about the risks. Remember, the use of leverage increases not only potential income but also risk.

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SmartSTP rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

12 reviews about SmartSTP

Jack Foreign December 17, 2023 - 19:48
It's a safe place to trade
The level of trust
Quick withdrawal of funds
Efficiency of technical support

The company completely changed my approach and attitude towards trading. I stopped engaging in gambling, and now, instead, I work steadily and seriously on Forex. Yes, I work because, for me, trading is a job where I earn money. And since SmartSTP is a safe intermediary, I absolutely do not worry about the safety of my funds. I understand perfectly that at any moment I can submit a request to withdraw funds, and within a short period, I will receive approval, and then the money will be credited to my balance.

Reply
JANGO February 5, 2024 - 16:13
Thanks to the company for the quality service!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Many thanks to the broker. They gave me everything: education, support, excellent conditions, and the opportunity to be financially independent. Although I’m not yet earning millions, or even thousands, just hundreds of dollars, I already understand that soon I will be engaging in full-time trading, meaning I’ll quit my job. Last month I was able to earn more than $600, while my salary is just $1,000. Soon I’ll surpass my salary and will be quitting to trade on smartstp.com.

Reply
DOGS February 24, 2024 - 22:06
Demo, nice conditions, flexible leverage
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Pleasant conditions, a good trading experience, flexible leverage, and much more! SmartSTP has many advantages and reasons to choose this company. Their professional analytics help me a lot. Recently, I was able to earn $2,500 on a long position in XAU/USD and also bought back a Bitcoin dip from $52,000. This was suggested by the company’s analytics!! I used to not trust analytical departments, but now I take them seriously because it works and brings profits. You can try a free demo account with $100,000 if you want to test the company.

Reply
Majestick March 1, 2024 - 13:28
I give it my best grade
The level of trust
Quick withdrawal of funds
Efficiency of technical support

From my perspective, I can rate every aspect with 5 stars. Now, after 10 successful withdrawals, my level of trust in the company is at its highest. I sleep soundly and don’t worry about the safety of my money. I fully understand that they will let me withdraw. It’s also worth noting that the withdrawal process doesn’t take more than 24 hours, so you’re very likely to receive your funds on the same day you submit a request. It’s fast and client-oriented. Customer support works well. The staff responds quickly and efficiently, addressing issues directly without evading questions, helping to solve problems right away. In all the time I’ve traded here, I’ve only had one interaction with tech support, and they quickly helped me resolve my issue. So I give 5 stars across the board.

Reply
Korben Dallas March 18, 2024 - 09:55
I highly recommend it
The level of trust

Try trading on smartstp.com. You’ll be surprised at how easy and straightforward it is. The company doesn’t interfere with clients’ work. I haven’t experienced any constant interruptions like phone calls, lags, delays, high commissions, frequent changes in conditions, or disconnections. This is a professional and global broker conducting official and serious business. They don’t need to engage in petty wrongdoing; it’s a large organization focused on operating for many more years. So if you’re deciding where to open a brokerage account, I recommend trying this firm. You’ll like it – I’m advising you as an experienced trader with over 10 years in the field.

Reply
MEME April 6, 2024 - 16:54
Variety of services
The level of trust
Quick withdrawal of funds
Efficiency of technical support

They have everything: education, consultations, analytics, and support. Because this is a serious and professional broker. After switching from my old firm to smartstp, I started earning more and more consistently. Thanks to the broker!

Reply
John Doe May 15, 2024 - 06:12
Legal broker, so it's safe
The level of trust

They have a license, so the company operates legally and officially. You can be confident in their reliability 🙂 I have a Gold account, but I plan to upgrade to Premium soon to get even lower spreads, although even on the Gold plan, the spreads are low. I only trade Forex. Other financial instruments don’t interest me much. Occasionally, I venture into the crypto market when there are interesting setups and situations. Everything is good. The broker is honest and transparent, and I can recommend them.

Reply
Nick May 22, 2024 - 00:10
Best broker ever
The level of trust
Quick withdrawal of funds
Efficiency of technical support

This is the BEST company I’ve ever traded with. They offer hundreds of assets, leverage up to 1:200 and favorable spreads – very profitable and comfortable! The best trading experience, without exaggeration. The company is gaining popularity and will soon be among the top global forex brokers.

Reply
Master666 June 24, 2024 - 19:01
Favorable conditions, once already managed to withdraw money
The level of trust

I’m a beginner and opened my trading account with smartstp recently, so I don’t have 100% trust yet, but I understand that the firm is legitimate since it holds licenses and has a solid track record. However, I need to personally verify at least five withdrawals before I can speak of guaranteed trust. So far, I’ve managed to make one withdrawal. It was quite successful. Before trading, I also had to go through KYC, which is a positive sign since legitimate brokers always require KYC.

Reply
ArrowCapital12 July 2, 2024 - 12:01
It's comfortable, the platform is super!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

A very convenient and advanced trading platform. I immediately realized that I could trade intraday here without any issues, as the execution is lightning-fast, the terminal is very user-friendly, and there are no delays in order execution. Additionally, the liquidity is top-notch since this is a CFD, so you won’t encounter problems where an order is only partially filled, such as 50% or 70%. If the price touches your order (whether it be a stop-loss, take-profit, or just a limit order), the order will be fully executed at the entire volume. This suits me very well, as I enter positions using limit orders and exit with SL and TP. It’s important to me that the full volume is executed immediately, without partial fills. And of course, the charts are excellent, indistinguishable from those of other quote providers. For instance, I can conduct analysis on TradingView, where all traders perform their basic analysis, and then open trades on the SmartSTP platform. The charts will be identical, with no differences. I really like all of this about this broker, as it allows me to be a profitable trader.

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Invisible_Sun August 15, 2024 - 17:02
Experienced traders have been trading here for a long time
The level of trust
Quick withdrawal of funds

A friend recommended SmartSTP to me – he’s an experienced trader who’s been trading Forex since 2012. He started trading here a year ago and has already made over $100,000 during this period, so I trust him, just as I trust the company!

Reply
VanDam September 9, 2024 - 18:13
No problems or disadvantages
The level of trust
Quick withdrawal of funds
Efficiency of technical support

A good broker with a decent reputation, an advanced platform, and plenty of other advantages. Personally, I never hesitated for a minute about whether to choose SmartSTP or not; I immediately realized that this company is suitable for trading on Forex/CFD. They provide everything a trader could possibly need: a multifunctional terminal, spreads for the minimum rate starting from 2.5, which is very favorable, and there are also bonuses for experienced traders who know how to use them properly. I’ve been with them for about six months, and during all this time, I have never had any issues. Everything is clear and great. I can’t even criticize the company because there is simply nothing to criticize. I wanted to find some kind of flaw, but there just isn’t one. Of course, it’s not perfect, but it’s very close to it. There are no drawbacks or issues that would affect the final trading result in any way. Trust me. You can confidently open an account and start trading.

Reply

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