Overview
SmartSTP is the new kid on the block in the global trading arena. On first look, the trading platform seems to come up with an innovative approach for making trading and investing convenient and accessible enough to make them available to a large audience. Curious to know more about this trading platform? Well! Read our detailed analysis report from SmartSTP Review till the end.
With its intuitive interface, fast trade execution feature, and diverse range of trading options, SmartSTP has gained a reputation as a go-to platform for both novice and experienced investors alike in such a short time. But Is it the one you’re looking for?
This review of the SmartSTP trading platform would dig into the platform’s recent offerings along with its extensive fee structure & a complimentary scam analysis report to determine if it is the right trading and investment choice for you.
What Is SmartSTP And What Does It Offer?
It is a high-tech trading platform with various underlying assets to trade in. The trading platform operates under a Mauratius-based financial service provider – MRL Investments (MU) LTD.
The trading platform has its advanced trading platforms to provide traders with access to several financial markets, including stocks, futures, and options.
The trading platform offers traders with the access to financial markets and market data analysis, in addition. Overall, the platform enables traders to analyze and act upon financial market data with tools and resources to make a well-informed trading decision and benefit from financial markets.
Is SmartSTP A Scam Or Legit trading platform?
SmartSTP is not a scam, but a controlled trading platform supervised & oversight by Mauritius’ Financial Services Commission (FSC) under licence no. GB21027168.
The parent company of SmartSTP – MRL Investments LTD-is, meanwhile established and duly registered a financial service-providing company existing in the territory of registration no. 187076.
The platform allows users to ensure a safe & secure trading experience by setting up two-factor authentication (2FA) and biometric login for mobile app users.
Moreover, it has implemented safe measures to ensure that there is no risk to clients’ funds by separating its own company funds from clients’ funds. It also bears the insurance through the ICF.
Considering the overall health score & scam report from SmartSTP Review, we conclude that it is a legit and safe trading platform to trade with. Therefore, we recommend trading with it.
Advantages of SmartSTP Review
- Good Selection Of Underlying Assets For Trading
- 24×5 Professional Customer Support
- High Leverage & Tightest Spreads
- Simple yet Powerful Trading Platforms
- No Hidden Fees
- Qualified Support
- Wide Variety of Assets
- Customized trading account
- Trading Terminals
What Are The Account Types Available On SmartSTP?
The trading platform offers three types of live retail investor accounts. All the accounts cater to different investment needs and goals, while the different types of accounts are provided with flexibility, security, and reliability to help the trader achieve their financial objectives.
We bring for you a quick account comparison table to make the right choice which shall favor your trading style & preference as a result of this SmartSTP Review.
SmartSTP Islamic Account
The platform offers a dedicated Islamic trading account for Muslim traders, with zero night rollover charges with all other features of live trading accounts.
SmartSTP Demo Trading Account
The trading platform offers a free demo trading account, whereby traders can learn to trade under real conditions and test new strategies with a virtual balance of $100,000. Live trading accounts are also offered.
How To Register For A Live Trading Account On SmartSTP?
Registering on the platform is a five-step process that takes approximately 30-40 minutes. The subsequent account activation and verification procedures are generally completed within 1-2 business days.
Here’s the complete step-by-step process for opening a live trading account:
Step 1: Personal Information
Now, after clicking on the ‘Open Account’ icon located on the homepage, the very first step to open up a live trading account is filling out an application form with all your personal information.
This would typically include full name, birth date, address, e-mail, phone number, and more. When filling out an account setup application, you may be asked to create a unique username and password for later access.
Step 2: Questionnaire Part
After furnishing personal data, the next part in the application process would include a questionnaire that seeks your past experience in trading, knowledge of trading, and all your goals regarding investment.
This information will be used to determine your suitability to trade at the trading platform and the risk level you are willing to take.
Step 3: Verification of Documents
After completing the questionnaire, you will be required to provide some documents for the verification of your identity and address.
This may involve a government-issued ID, like a passport or driver’s license and a utility bill or bank statement with your name and address. Depending on the trading platform, they may require more documents, like proof of income or tax return.
Step 4: Deposit
Once you have cleared your documents, you are ready to make a deposit into your account. You can do this through various payment options available.
What Can Be Traded On SmartSTP?
Our analysis from SmartSTP Review revealed the trading platform’s available products are in line with global industry standards. It offers 300+ underlying assets to trade across all major financial markets.
- Commodities
- Indices
- Stocks
- Metals
SmartSTP Review: Deposits & Withdrawal Conditions
The platform offers several payment methods, both deposits and withdrawals, along with specific conditions that users should be aware of.
Deposit Conditions
- Minimum deposit: The SmartSTP has most of its payment methods minimum deposits set at $250; however, the minimum for some regions and payment methods may vary.
- It has multiple payment methods that can be used for making deposits, including bank transfer, credit/debit cards, PayPal, Neteller, Skrill, VPay, and others region-specific.
- Deposit Fees: Most methods of payment have no deposit fees, though there will be conversion fees if a client makes a deposit in another currency than their base one.
Withdrawal Conditions
- Available Payment Methods: The trading platform offers several withdrawal payment methods, including bank transfer, credit/debit cards, PayPal, Neteller, Skrill, VPay, and other regional payment options.
- Deposit Fees: There is no fee for withdrawal, and there may be conversion fees if the withdrawal is in a currency other than the account currency.
SmartSTP Fees, Commission & Spreads
The best part of trading with this trading platform is that there are no commission charges in its trading conditions. However, the traders have to pay spreads & SWAPs for overnight positions.
Charges are spread, and these are different based on the account type. For detailed spread charges, refer to the table on the SmartSTP fee structure below:
| Instruments | Silver | Gold | Platinum |
| EUR/USD | 28 | 20 | 18 |
| GBP/USD | 28 | 20 | 18 |
| USD/JPY | 28 | 20 | 18 |
| AUD/USD | 28 | 20 | 18 |
| USD/CHF | 28 | 20 | 18 |
| USD/CAD | 28 | 20 | 18 |
| NZD/USD | 28 | 20 | 18 |
| EUR/GBP | 28 | 20 | 18 |
| Silver | 80 | 70 | 60 |
| Crude Oil | 80 | 70 | 60 |
| Dax | 250 | 200 | 200 |
As per our SmartSTP Review, the trading platform’s fee structure is in line with the global industry standards.
SmartSTP Review: Maximum Leverage
One of the advantages many traders enjoy in this trading platform is leverage, whereby traders are allowed to open more substantial positions with minimal investments.
However, the maximum leverage that the trading platform can provide varies depending on the instrument being traded and the account type you have.
| Instruments | Silver | Gold | Platinum |
| Metals | 1:50 | 1:50 | 1:125 |
| Indices | 1:50 | 1:50 | 1:125 |
| Commodities | 1:50 | 1:50 | 1:125 |
| Stocks | 1:10 | 1:10 | 1:10 |
Our SmartSTP review has revealed that the maximum leverage offered by the trading platform falls within the range of what is typically offered by other trading platforms in the industry.
What Trading Platforms Are Available On SmartSTP And How Do They Compare?
Webtrader is the main trading platform available, and it offers a range of features to help traders manage their trading positions.
At the same time, the platform’s user interface has a clean and modern design, with customisable watchlists and charts that allow users to track their favourite financial instruments and analyse their performance in real time.
Overall, our SmartSTP Review reveals that the platform’s interface is designed to be easy to use, even for beginners, while still providing advanced features and tools for experienced traders.
Company Details
Assets
- Commodities
- Stocks
- Indices
Basics
- Country: Mauritius
- License: 187076
- Regulation: FSC
Customer Service
- Email: [email protected]
- Telephone Number: +971525353542, +41225087362
SmartSTP Mobile App
SmartSTP is a newly introduced trading platform that has not begun to offer mobile trading yet and does not have a mobile application downloadable on the iOS or Android platforms.
While this might be a disadvantage to traders who would prefer to manage their investments on the go, it is pretty normal for new trading platforms to focus on developing their desktop platform before expanding into mobile.
The trading platform may provide options for mobile trading in the near future with the growth of the trading platform and their services.
SmartSTP Review: Educational & Research Support
The trading platform provides different research tools to the trader in assisting the investment decisions. Some of the reports of market analysis, daily news updates from the market, and even economic calendars provide a tool for updating information about recent trends in the markets.
These research tools can be helpful, though especially for professional traders looking at taking a more data-centric approach to investing.
However, one area where SmartSTP could improve is in its educational support. The trading platform does not offer any comprehensive educational resources, such as video tutorials or webinars, to help new traders learn the ropes.
This lack of educational resources may make it challenging for novice traders to get started, and it could be a disadvantage for those who are looking to develop their skills and knowledge over time.
SmartSTP Customer Support & Availability
The trading platform has outstanding customer support services, available through the different channels, 24×5, which means you can contact them anytime you need.
The customer support team consists of highly trained professionals dedicated to resolving any queries or issues related to the platform.
The phone support service allows the traders to communicate in other languages, making it easier to get assistance from various parts of the world. In addition to this, the team has been responsive and is able to provide solutions to your queries shortly.
Here’s how you can contact SmartSTP customer support:
- Live Chat
- Email: [email protected]
- Telephone Number: +971525353542, +41225087362
- UAE: 97145429107
- Qatar: 97365002073
- Kuwait: 96522063872
- Switzerland: 41265087335
- Saudi Arabia: 966115112679
- Oman: 97365002067
- Bahrain: 97365002018
Conclusion
In SmartSTP trading services, I did a thorough review. We are glad that after conducting the review, we have been impressed with the service. It has provided some excellent support and resources so navigating the markets and executing the trades was easy. Trading platform was intuitive and very user-friendly, and there is no fee or commission above the competitive level.
Overall, we give it 4.5 out of 5 and would definitely recommend this trade to any other individual who is searching for a reliable and trustworthy trading partner in the markets. This SmartSTP Review is based on my experience with this particular platform.
