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Smart Trade Group Review – Is Smart Trade Group Scam or Legit?

Smart Trade Group Broker Rating
Account Types9
Trading Speed9.4
Customer Service9.3
Safety9.6
9.3
Conclusion
Read our Smart Trade Group review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this Smart Trade Group review before you sign up with the broker.

Smart Trade Group Review

Smart Trade Group logo

Smart Trade Group is a new addition to the list of reliable brokers in the online trading and forex market. Millions of traders from all over the world flock to the Forex market because it is the most lucrative and liquid. Only major investment firms – or the biggest banking institutions – had access to the global community at first, but when individual investors began to enter the financial markets, the working circumstances began to shift. Because businessmen do not have the same monetary capacity, brokers create specific trading conditions for those traders. 

Smart Trade Group specializes in foreign currency and contracts for difference (CFD) trading. Smart Trade Group is an entirely feasible platform with such excellent features that you may be granted access. It is important to select a suitable trading partner – a broker who offers customers access to the exchange market – in order to be successful. An investor should educate himself on the investing circumstances and opportunities before picking a broker to deal with. Forex trading takes place 24/5, giving you more chances to make money.

With thousands of brokers on the market, picking the proper one, such as Smart Trade Group, may be a challenging process. It’s better to make a shortlist of options and figure out why you should work with a certain broker. This review is intended to assist you in determining whether or not they are worth your time. One of the companies on your list will be Smart Trade Group. It was developed by St. Vincent and Grenadines-based Lencher ExPro LLC.

Most individuals are confused since the alternatives look to be fairly similar, and deciding which one would best fit their needs may be exceedingly challenging. The essential thing to keep in mind is that nothing should be taken at face value. Every firm claims to be excellent at what they do, but there is no assurance that they will follow through on their promises. To validate their assertions, you must do a step-by-step investigation.

You want the best for yourself, whether products or services, and the same is valid when you’re looking for a broker to help you start trading in the financial markets online. There are almost unlimited opportunities here, and you might accumulate wealth exceeding your wildest fantasies if you have the proper talents, knowledge, and access to the appropriate platform. Smart Trade Group, headquartered in the United Kingdom, is one of the companies you’ll meet in the market. Based on its popularity, it looks to be doing a good job.

This online trading brokerage firm can assist you in beginning your trading career. If you want to make money while staying at home, internet trading is the way to go. The stock markets are saturated with huge opportunities these days, and they are well-known. Cryptocurrency has become quite straightforward and rewarding, but it is essential to deal with a reputable or competent broker, as this will have an influence on the end outcome. 

On its website, Smart Trade Group promises to try to deliver a one-of-a-kind trade experience based on clear and transparent rates, as well as conveniently available customer support. The availability of customized training and training materials is also distinguishing for this firm. Smart Trade Group has been recognized with many awards, including one for its rapid growth. The broker has several assets, and one of its declared goals is to meet all of its clients’ trading demands.

Smart Trade Group website

It has quickly gained popularity and is now providing services all around the world. As a result, it’s a good idea to take a look into this before you begin. This broker has grown quicker than many other platforms in the financial markets, piquing the curiosity of all traders. The online trading platform is a very new company. Nonetheless, it looks to be a sophisticated dealing solution that is beneficial to both beginners and experienced traders. So. If you’re still not convinced, consider the following arguments in this Smart Trade Review.

24/7 Customer Support

When you invest so much in any online trading platform, you have the right to get access to a world-class customer care team. The Smart Trade Group offers investors numerous ways of reaching the company’s managers to handle any difficulties that emerge while trading.

  • By submitting a request on the broker’s official site using your personal account;
  • Sending an email to the broker’s address;
  • Dialing the customer service department’s phone number

This online trading platform has created a comprehensive customer service program for its traders. Their customer care is available 24/7, ensuring that their customers are never troubled. Let me mention this only an e-mail domain and telephone calls are available for contact. Technical assistance is provided in English. Because there are no chatbots or quick help services, the consumer will not receive a timely response to all of their queries.

Trading Security

Signing up with brokers on the market should only be done for the purpose of security and privacy. Cybersecurity threats have increased significantly, making online trading extremely risky. While trading on any online exchange market, the security and stability of the assets you are dealing in must always come first. The first thing I appreciate about this brokerage firm is that it is fully responsible for the security of its clients.

Smart Trade Group’s security measures are nothing less extraordinary since they address a wide range of client concerns.

For your protection, your account is verified in accordance with AML and KYC requirements. As a result, identity theft, financial crimes, and money laundering are mostly decreased. Additionally, SSL encryption technology protects all private information.

Smart Trade Group is a licensed and insured CFD and FX trading platform provider. Individual money placed with the brokerage is maintained in separate Client Money bank accounts, entirely distinct from the company’s cash. This guarantees that the client’s cash cannot be utilized for any other reason.

The interplay of three mechanisms guarantees the protection of trading activities conducted through a broker

  • Thawte;
  • DiglSinger.
  • 3DV2;

This issue was thoroughly discussed by the trading platform, with the participation of data protection experts. They claim that the aforementioned methods are sufficient for data security and quick transaction processing.

The strong security requirements of transactions conducted on the broker’s accounts are noted in Smart Trade Group’s client evaluation of the broker. With the following precautions and limits in place, the service ensures a secure operation:

  1. The “KYC” policy, which should be implemented in every financial institution to authenticate the client’s identity who makes financial activities on the account (and to prevent third parties from using the account). Any account operations, such as deposit replenishing or money withdrawal, are only possible after the account has been verified. A personal account may be created by filling out a brief form. Until the user furnishes personally identifying papers, no transactions will be available. The support service might also ask for the data of the bank card that is used to carry out financial activities.
  2. AML standards, which the firm also adheres to in order to avoid money laundering via broker accounts gained by illicit or criminal activities. According to customers’ reviews from traders, it is advised that after creating a personal account, you upload the papers required for a personal identity right away. The verification procedure can take up to 2 days.

Instruments Of Many Types Are Available

The marketplaces that a brokerage allows you to access are the greatest place to start when evaluating it. After all, the markets and products you invest in them determine your online trading results. Because no two instruments provide the same results, you must select the ones that will help you achieve your objectives as soon as feasible.

The wide instrument portfolio is one of the most appealing advantages to engage Smart Trade Group. They have assured clients that they would be able to connect to the world’s significant trading markets and trade the items of their choice using their platform. The broker’s instruments are some of the most popular options from the world’s largest financial marketplaces. The sheer diversity assures that Smart Trade Group traders will be able to expand their trading portfolio in order to reduce risk and increase earnings. You may trade forex, commodity, cryptocurrency, equities, and indices. Cryptocurrency has just been added to the mix, providing even more value to its customers. Diversifying your investments is a lot easier today.

Options for Creating an Account

To utilize the services, you must first register with a broker. The broker has done an excellent job in this respect by making the sign-up procedure simple and speedy. They have an application on their website that you must fill out in order to register. They also provide the option of creating a demo account, after which you may move on to a genuine account that needs a deposit if you are happy with their services. Muslim investors can use an Islamic account to enter the market. The details of Demo accounts are as follows. 

Demo account

Another compelling reason to utilize Smart Trade Group is the availability of a demo account. This is a great way for you to get a feel for the broker’s platform and see what kind of products and services you can expect if you sign up. It saves you the bother of placing your money in the market before you’re sure the broker is trustworthy.

Furthermore, traders are not risking any actual money. You may use it to get some skill. You’ll be able to fine-tune your trading strategies and learn the ins and outs of each deal by avoiding costly mistakes.

Trading Platform

The trading platform given for trading in these markets is the next essential element that needs your attention after looking over the marketplaces you may access. Smart Trade Group is a great choice in this respect as they offer a total of 6 platforms to select from. This guarantees that any trader may choose a platform that suits their needs. Mobile trading apps for Android and iOS, for example, are available if you want to trade on the move.

If you don’t want to install a platform, you may use the WebTrader offered or use the desktop version to enjoy the complete trading experience. The first essential thing to know is that on Smart Trade Group, you will be able to utilize the Metatrader 4 suite of trading platforms, which is the most popular platform on the market. This award-winning trading platform, which boasts encryption technology and a smooth trading environment, can satisfy the demands of each trader and provide a seamless trading experience.

It provides the MT4 PCs to its clients as an alternative. Whether you are a novice or an experienced trader, they can all provide you with a perfect trading experience.

Money Withdrawal And Deposits

I was amazed by the lack of funds replenishment methods. Initially, only transactions using VISA cards were available to traders. They usually provide at least Neteller as a substitute. They aimed to expand payment methods as soon the company grows. Currently, they accept VISA, Mater, credit, Debit, and Bank Wire transfers. 

Verification Method

The request for essential papers for verification reflects a forex broker’s concentration on European clients. To open an account, you must first prepare:

  • A valid driver’s license;
  • A standard civil passport;
  • A bank statement including the address of the account holder;
  • The most recent bill for a cell phone, loan, or utility payment.

Most traders will have little trouble going through this process with a standard set of paperwork.

Program For Affiliates

By recruiting clients, a forex broker might generate additional passive revenue. The CPA system is used to facilitate interaction. The partner is given access to a unique account where he may track the transactions of interested customers in real-time and view his earnings. Each program member is assigned a personal manager.

Step by Step Trading Guide With Smart Trade Group

These are the steps to follow to start trading with one of the best brokers out there. 

Step 1: Review The Registration Procedure

The very first stage is to review the signup process and determine what needs to be done. To register and establish an account with Smart Trade Group, you must fill out only one application on their website. It requests your first and last name, as well as your phone number, nationality, and email address. To register with them, you must also agree to the company’s Terms & Conditions and verify that you are 18 years old or above.

Step 2: Go Over The Accounts

After finishing the registration procedure, you may pick the Smart Trade Group demo account option, which aims to test the platform, terms and gain some practice. The second alternative is to establish an actual account that needs you to make a deposit before you can begin trading. On the site, you’ll also discover an Islamic account, which was created for Muslim traders in compliance with their religious regulations.

Step 3: Examine Your Payment Alternatives

To begin trading, you’ll need to put money down, so it’s a good idea to know what payment alternatives are available to you. Smart Trade Group has added a number of options to its website for your convenience. You may pay using debit and credit cards, including Visa and MasterCard, as well as bank transfers. The procedures are simple to complete, and there are no fees for deposits or withdrawals.

Step 4: Examine The Platform For Trading

It’s also important to find out what kind of trading platform is available to you since this might either complicate or ease your trading. Fortunately, on Smart Trade Group, you will utilize the Metatrader 4 platform of trading, which is the finest alternative available. . Regardless of the version you choose, the platform delivers an excellent trading experience because it is user-friendly and features a robust environment.

Step 5: Select your assets

The next step is to select the instruments you wish to trade, and Smart Trade Group provides a wide range of alternatives for you to pick from. With the variety of instruments available here, you may easily diversify your investment portfolio. You can trade currencies in the forex market or commodities, indices, and stocks in CFDs. Additionally, cryptocurrencies have been introduced, allowing you to experiment with this digital money.

After going over the platform’s features step by step, you can be confident that it is a smart trading option for you.

Conclusion

Clients can see from the Smart Trade Group review that the broker follows all contemporary criteria to provide secure and convenient Forex trading. The foreign exchange market’s accessibility, significant intraday volatility (several instruments may return up to 500 percent in a single trading day), and strong promotion of Forex trading with assurances of quicker profits with little risk draw millions of customers every day. High account security criteria – required confirmation before creating an account, compliance to international financial regulations AML and KYC, a reward scheme, and no fees when withdrawing earnings are all examined when confirming the Smart Trade Group broker’s credibility. 

MubaShar Nawaz (United Arab Emirates)

MubaShar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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