SmartSTP

ritzyshona

1-2 years

Can I know the details about SmartSTP fees?

WikiFX Reply

SmartSTP’s fees depend on the type of instrument being traded and the account type. For example, in the Silver account, the EUR/USD spread is 2.6 pips, which is relatively high compared to brokers with lower spreads. For the Platinum account, the spread drops to 1.4 pips for major forex pairs and crude oil. Additionally, there are commissions on certain instruments like CFD shares and stocks, which are 0.10% and 1% per trade respectively. This commission structure is fairly standard, but I always make sure to calculate how these fees will affect my trades before proceeding.

Broker Issues

SmartSTP

Fees and Spreads

08-10

United States

Davis Wu

1-2 years

Does SmartSTP have any cons?

WikiFX Reply

The major downside, for me, is the lack of regulation. Trading with an unregulated broker always comes with extra risk, and that makes me hesitant to fully trust SmartSTP with large sums of money. Additionally, the spreads can be quite wide, especially with the Silver account, where the EUR/USD spread is 2.6 pips. This is not ideal for me, as I prefer tighter spreads to minimize trading costs. Lastly, I find it disappointing that they don't offer MT4 or MT5, which are platforms I’m more familiar with.

Broker Issues

SmartSTP

Regulation

08-09

United States

Sanjay sirohi

1-2 years

What trading platforms are available on SmartSTP?

WikiFX Reply

SmartSTP offers its proprietary Webtrader platform, which is available on both mobile and desktop devices. While I prefer more well-known platforms like MT4 or MT5, the Webtrader platform is user-friendly and provides decent functionality. Unfortunately, SmartSTP doesn’t offer MT4 or MT5, which is something I miss, especially since I’m more familiar with those platforms.

Broker Issues

SmartSTP

Instruments

Leverage

Platform

Account

05-17

United States

Ahmed Harb

1-2 years

Are there any commissions on SmartSTP?

WikiFX Reply

Yes, SmartSTP does charge commissions depending on the instrument traded. For forex, indices, and commodities, the commission is €5 per lot, while for CFD shares, it’s 0.10% per trade, and for shares, it’s 1% per trade. Personally, I think the commission rates are fairly reasonable, but I do need to factor them in when calculating potential profits or losses. The absence of commission for some instruments, like forex, is a bonus for me as a trader.

Broker Issues

SmartSTP

Fees and Spreads

05-15

United States