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| Broker | SmartSTP |
| Website | https://www.smartstp.com/ |
| Registered Country | Mauritius |
| Physical Address | 7th Floor, Tower 1, NeXTeracom, Cybercity Ebene 72201 Mauritius |
| Founded In | 2023 |
| Regulation | FSC |
| Minimum Deposit | Starting from $0.01 |
| Maximum Leverage | Up to 1:200 |
| Spreads | Variable |
| Trading Platforms | Webtrader |
| Trading Assets | Precious Metals, equity Indices,CFDs of Commodities and Stock |
| Demo Account | Yes |
| Islamic Account | Yes |
| Payment methods | Bank transfer, credit/debit cards, PayPal, Neteller, Skrill, VPay, and other regional payment options |
| Customer Support | [email protected]/ Monday-Friday: 11:00 to 20:00 GMT |
The most recent participant in the international Forex and CFD landscape is SmartSTP. Upon first sight, the broker presents a novel strategy for improving the ease of use and visibility of trading and investment, making them easily accessible to a wide range of people.
Curious about this broker’s background? Alright! Read through to the end of our thorough analytical research from SmartSTP Review 2024.
In a short period of time, SmartSTP has established itself as a go-to platform among rookie and seasoned investors due to its user-friendly design, quick trade fulfillment feature, and extensive selection of trading alternatives. Is that, however, the one you’re searching for?
The SmartSTP broker review for 2024 explores the most recent features of the platform, offers a thorough examination of its pricing schedule, and provides a free fraud analysis. This will help you assess whether it meets your investment and trading needs.
It is an advanced Forex and CFD brokerage platform with various underlying assets available for trading. The broker is employed by MRL Investments (MU) LTD, a financial services business headquartered in Mauritius.
Through its cutting-edge trading platforms, the broker gives traders access to a wide range of investment opportunities, including stocks, futures, options, and cryptocurrencies.
The broker also enables traders to execute transactions, analyse market data, and access financial markets. It gives traders the instruments and materials they require to make wise trading choices and benefit from the financial markets.
SmartSTP is a regulated broker with license number GB21027168, overseen and monitored by Mauritius’s Financial Services Commission (FSC). It is not a fraud.
Simultaneously, SmartSTP parent company, MRL Investments LTD, is a reputable and fully licensed financial services provider registered under registration number 187076 in Mauritius.
The platform lets customers set up two-factor authentication (2FA) and biometric login for mobile app users in order to guarantee a safe and secure trading experience.
It also separates customer assets from corporate funds, establishing strong mechanisms to guarantee fund protection. Additionally, Investor Compensation Fund (ICF) insurance is included.
Based on the SmartSTP Review 2024 scam report and overall health score, we determine that it is a reliable and secure broker to trade with. Consequently, we advise trading with it.
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The broker provides three active retail investor accounts, Silver, Gold and Platinum, to meet various investment needs and objectives. In the meantime, these account kinds are intended to support traders in reaching their financial goals by offering flexibility, security, and dependability.
We have included a simple account comparison table through this SmartSTP Review 2024 to assist you in selecting the account that best fits your trading preferences and style.
| Features | Silver Account | Gold Account | Platinum Account |
| Minimum Deposit | $250 | $250 | $250 |
| Execution Mode | MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent | MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent | MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent |
| Base Currency | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP |
| Average Execution Speed | 0.08 | 0.06 | 0.08 |
| Spreads | Starts From 2.5 Pips | 20 Pips (50% Discount) | 18 Pips (75% Discount) |
| Maximum Leverage | 1:200 | 1:200 | 1:500 |
| News Alert | N/A | N/A | Available |
| Dedicated Account Manager | N/A | Available | Available |
| Webinars & Videos | N/A | Available | Available |
| Islamic Account | Available | Available | Available |
| Fifth Decimal | Yes | Yes | Yes |
| Swap Discount | None | 25% | 50% |
The platform provides Muslim traders with a particular Islamic trading account, which offers all the benefits of live trading accounts and no instantaneous transfer fees.
In addition to live trading accounts, the broker provides a free demo trading account that allows traders to practice real-world trading situations and evaluate new methods on a $100,000 virtual account balance.
The five-step platform registration process takes 40-50 minutes to complete. In most cases, the following account verification and activation processes are finished in 1-2 business days.
The entire, step-by-step procedure for creating a live trading account is as follows:
Step 1: Individual Data/ Personal Information
To create a live trading account, click the ‘Open Account’ icon on the site. Then, enter your personal details into the application form.
This contains your entire name, birthdate, address, phone number, email address, and other pertinent information. During the account setup procedure, you may be required to generate a special username and password to access your account.
Step 2: Section of the Questionnaire
Following submitting your personal data, you will usually be asked to answer questions about your background in trading, level of understanding, and financial objectives.
The broker will use this information to evaluate your fitness for trading and determine the amount of risk you can manage.
Step 3: Verification of Documents
After completing the questionnaire, you will be required to submit various documents to confirm your identity and address.
This usually consists of your name and address on a utility bill or bank statement and a form of identification issued by the government, such as a passport or driver’s license. A tax return or proof of income are two further documents that some brokers can need.
Step 4: Make a deposit
Once your documentation has been checked, you can add money to your account. The different payment methods can be used for this.
You can use your email address and password to log into SmartSTP after creating an account on the website.
Our SmartSTP Review 2024 investigation showed that the broker’s product offerings comply with international industry norms. It offers trading across all major financial markets on more than 300 underlying assets.
Users must be aware of the unique conditions associated with the various payment methods available on the site for both deposits and withdrawals.
Minimum Deposit: The SmartSTP minimum deposit requirement is $250 for the majority of payment methods; however, there can be some variations depending on the location and payment method.
Available Payment Methods: Bank transfers, credit/debit cards, PayPal, Neteller, Skrill, VPay, and other local payment alternatives are just a few of the ways that deposits can be made. for more similar deposit options , you can check out TradeEU and Capitalix .
Deposit costs: Most payment methods do not charge a deposit; however, conversion costs might be incurred if deposits are made in currencies other than the user’s base currency.
Available Payment Methods: In addition to bank transfers, credit/debit cards, PayPal, Neteller, Skrill, VPay, and other local payment alternatives, the broker offers a number of withdrawal payment methods.
Deposit costs: If a withdrawal is made in a currency other than the account currency, conversion costs can apply. Otherwise, there are no fees associated with withdrawals.
The best aspect of dealing with this broker is the commission-free trading conditions offered. For extended roles, traders must pay spreads and SWAPs.
The spread fees vary according to the kind of account. Please refer to the complete SmartSTP fee structure below for specific spread charges.
| 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 |
Leverage is one aspect of this broker that many traders find interesting because it enables them to build larger positions with a lesser initial deposit.
It’s crucial to remember that the broker’s maximum leverage offers vary depending on your account type and the product being traded.
| Instruments | Silver | Gold | Platinum |
| Forex | 1:200 | 1:200 | 1:500 |
| 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 |
| Cryptocurrencies | 1:2 | 1:2 | 1:2 |
Webtrader is a platform that provides a number of features to assist traders in managing their trading positions.
In addition, the platform’s user interface boasts a sleek and contemporary design, complete with customizable watchlists and charts that let users monitor their preferred financial instruments and evaluate their performance in real-time.
Overall, as can be seen from our SmartSTP Review 2024, the platform’s layout is user-friendly even for newbies while offering sophisticated features and resources for seasoned traders.
Phone number: Arab Emirates:97145429107,
Switzerland: 41265087335,
Bahrain: 97365002018,
Qatar: 97365003724,
Saudi Arabia: 966115112679,
Kuwait :96522063872,
Oman: 97365003715
Email: [email protected].
Physical Address: 7th Floor, Tower 1, NeXTeracom, Cybercity Ebene 72201 Mauritius
Apart from this trading application i.e WebTrader, many brokers have their own mobile application that makes trading easy for the people. Smart STP does not have the mobile application function available as of now. Nevertheless, the broker already announced that it will be launching a mobile app soon to make trading easy for newbies and for the experienced person as well.
In order to ask questions or get help, clients can contact 24*5 on phone as well as email services on the given numbers and email id.
Phone number: Arab Emirates:97145429107,
Switzerland: 41265087335,
Bahrain: 97365002018,
Qatar: 97365003724,
Saudi Arabia: 966115112679,
Kuwait :96522063872,
Oman: 97365003715
Email: [email protected].
Established in 2023 and having its headquarters in Mauritius, SmartSTP positions itself as an innovative participant in the Forex and CFD brokerage market. The broker provides various features and services targeted to the requirements of both newbies and experienced traders, although not subject to regulation.
SmartSTP seeks to offer flexible trading circumstances with a minimum deposit of as little as $0.01 and leverage up to 1:200. Potential users should understand the risks involved, particularly in light of the absence of regulations. Our Smart STP Review 2024 advises investors to tread cautiously and do extensive study before investing, even though the platform offers interesting features.
At Trending Brokers, our aim is to provide you with diverse perspectives, unbiased assessments, and in-depth scrutiny. We maintain our commitment to precision through stringent data validation and consultations with industry mavens. It’s important to acknowledge that, though infrequent, minor fluctuations may occasionally manifest. Rest assured, our resolve to deliver impartial evaluations, thorough analysis, and well-informed viewpoints remains steadfast.
We feel compelled to offer some guidance on the subject of investing in financial instruments, commodities, and assorted assets, which inherently entail a significant degree of risk. There exists the potential for a complete loss of your invested capital. We strongly advise engaging in such ventures only if you possess a comprehensive understanding of the associated hazards. Please bear in mind that Trending Brokers refrains from providing investment advice or any semblance of financial counsel.
Your financial security is of paramount importance to us, and we emphatically advocate for the exercise of due diligence and the pursuit of professional guidance when making investment decisions.
Smart STP is not subject to regulation. However, MRL Investments LTD, its parent business, holds a license to offer financial services in Mauritius.
The minimum deposit starts from $0.01, but for most payment methods, the minimum deposit requirement is $250.
Smart STP provides the Webtrader trading platform.
SmartSTP offers three types of retail investor accounts: Silver, Gold, and Platinum.
Trending Brokers accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market.
Disclaimer: At Trending Brokers, we are committed to providing unbiased reviews, blogs, comments, and analyses related to forex trading. We do not accept any paid services from brokers, ensuring all our reviews and blogs are genuinely honest and fair. We are constantly working towards providing updated information over time for better investment decisions by traders. The investment in Forex trading is subject to market risks, and it is mandatory to read all scheme-related documents carefully to understand the risks involved in trading. We would recommend traders take proper care and research before investment in the programs.
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