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Smart Markets

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Name

Smart Markets

Date founded

Dec 31, 2009

Regulation in major hub

No

Webinars

Yes

Country

Germany

Scalping

Yes

Hedging

Yes

Decimal pricing

5 Digits

Max Leverage

400 : 1

One click execution

Yes

Minimal Lot

0.01

Bonus

N/A

Currencies

Currency pairs

120

Deposit methods

Credit card (VISA/Mastercard)

Minimum Initial Deposit

$1

Mini Account:

$1

Standard Account:

$1

ECN Account:

N/A

Premium:

10,000 EUR

Withdrawal methods

Credit card (VISA/Mastercard), Bank wire

Contact phone

+49 (0) 211 - 569 408 0

Contact email

Smart Markets trading platform is owned by Cardiff Global Markets Ltd. The company is based in Australia and is licensed by ASIC (Australian Securities and Investments Commission) to carry out financial services operations in Australia. Smart Markets offers its trading services to both individual and institutional traders.

The company has partnered with tier one banks to ensure that traders have a direct access to large liquidity pool. The traders’ funds are also kept in a separate bank account from that of the company. Doing this is crucial since it increases the traders’ funds security and ensures that such funds are not mixed with company funds.

Features

Types of Accounts

Smart Markets has three types of accounts tailor-made to cater to the needs of different classes of traders. The first type of account is the standard account. This account has the least minimum deposit requirement and charges no commission for the execution of trading orders. The second account is the Pro account. This account has a higher minimum deposit but has lower pips than the standard account. 

The third account type is referred to as the Smart Prime. This account has the highest minimum deposit. The good thing with this account is that it comes with extra benefits which are absent in the standard and the Pro accounts. One of these benefits is the customizable lots which give the holders of this account more trading options. 

Trading Platforms

There are three trading platforms offered by Smart Markets. One of these is the MetaTrader 4 (MT4) platform. This is one of the most popular trading platforms in the world. With this platform, users can access forex, index, and commodity trading. The second platform is the MetaTrader 5 (MT5). This platform is suitable for traders who would wish to enter into different markets simultaneously. 

The third trading platform is the Multi-account Manager (MAM) platform. This platform is designed for traders and professionals who manage several trading accounts. The platform is designed to operate from one master account. Once a trading order is made in the master account, all accounts linked to the master account copy this same trade and automatically execute it. Such a master account helps fund managers who have multiple investor accounts to carry out synchronized trading efficiently.

Trading Instruments

Smart Markets has a variety of trading instruments. The forex market offered by Smart Markets has a significant market liquidity and has most of the major currency pairs. There is also an option for forex swaps for those traders who would like to hold positions overnight. 

The second trading product provided by Smart Markets is the indices. This is the best option for investors who are keen to make a profit from stock movements and volatility. The third category of trading instruments offered by Smart Markets is the commodity markets. Usually, these markets are traded on Contract for Difference basis and investors can use different strategies to maximize their returns. 

Partnerships

Smart Markets welcomes third-parties to partner with them by introducing new brokers. There is also a program where clients can request Smart Markets to act as their money and asset managers. The companies which introduce new brokers benefit from rebates whenever a referred client closes a trade. The asset manager feature is suitable for those traders who have little time to manage their accounts or those who need expert advice on the best trading strategies. Those who choose this program benefit from customizable spreads, tailor-made deals, and a simplified client transaction interface.

Advantages

  • Quick deposits and withdrawals.
  • Fast Executions.
  • Regulated by ASIC (Australian Securities and Investments Commission).
  • High leverage.

Disadvantages

  • Does not support cryptocurrency trading.
  • The interface has only two language options for users to choose from. This may become a delimiting feature for those clients who do not speak any of the two languages.
  • Has country restrictions.
  • Has variable spreads.

Conclusion

Smart Markets has designed their trading system to meet the needs of different levels of traders. The three trading accounts with different features and minimum deposits increase the trader’s choices and make the system a one-stop platform for both small-scale and large-scale traders. The variety of trading instruments, the availability of different trading platforms for traders to choose from, and the fact that the company is regulated positions this company among the best trading platforms in Australia.

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