Smart markets: Honest Review and user-ratings

Smart Markets user-ratings $50
9/10
9 of 10 points 1 reviews
  • Asset varierity - 10/10
    10/10
  • Trading platform - 10/10
    10/10
  • Support - 9.5/10
    9.5/10
  • Fees - 9/10
    9/10
  • Deposit/Withdrawal - 6.5/10
    6.5/10

Facts about the company:

  • Type: CFD and Currency Broker
  • Regulation: FCA (UK) and BaFin (DE)
  • Minimum deposit: $50
  • Demo account: Free
  • Markets: 12.000+ Forex, Commodities, CFDs, Shares, Indices, Fixed Spreads
9/10
Comments Rating 9/10 (1 review)

Pros

  • Spreads from 1 pip
  • Free Demo Account
  • Various trading platforms available
  • Fast registration
  • Strategic support of the trader

Cons

  • No bonus offered

Our experience with Smart Markets

The provider Smart Markets was founded in 2010 and offers its services from its headquarters in Düsseldorf. In the five years since its foundation, the provider has already established a very good reputation as a reliable provider for trading CFDs and currencies and has received one or two awards.

Also in our test, this provider has made a thoroughly convincing impression. Starting with the trading technology, the support and the offers in the area of training are more than the usual in the industry. With Smart Markets, we have got to know a provider who offers a convincing and comprehensive range of services in the field of daily trading as well as with regard to the strategic support of the trader.

Whoever deals with this provider for the first time is also faced with the opportunity to test the range and quality of this provider. But of course, it is also possible to immediately enter into real trading. In any case, the registration process has been designed very effectively and takes very little time. In trading itself, there are several alternatives to choose from in various respects.

First of all, the provider has various trading platforms available. With regard to the underlying themselves, there is also an extremely wide range to choose from.

CompaniesSmart-Markets GmbH
addressFlinger Str. 11, Dusseldorf
Registration number121504
Regulation / licenseFCA, 113942

Even though it is formally a German provider, Smart Markets is part of an internationally exhibited broker network. The partner broker is the company CityIndex, which in turn is a subsidiary of GAIN Capital Holding, which has been in existence since 1983 and thus has extensive expertise in stock exchange trading.

Being part of an effective network of trading venues, the trader can also rely on fast order execution at optimal market conditions. As a matter of principle, we work exclusively with regulated partners. With regard to spreads, the trader can rely on guaranteed low spreads. The online broker also guarantees his traders that only positive slippage is possible, i.e. price adjustments are only made to the benefit of the customer.

Also with regard to the seriousness of Smart Markets, we have gained a consistently positive impression in our test. Not least the regulation by the German BaFin ensures that fraud or rip-offs have no chance with this provider.

A very broad range of tradable securities

Anyone who enters Smart Markets as a trader has access to a very wide range of tradable securities. A total of around 12,000 different products are available in the Smart Markets program. In addition to a huge selection of foreign exchange, CFD products can also be traded on underlying instruments from the stock market, i.e. shares and indices. And of course, the common commodities are also part of the trading offer of Smart Markets.

As already mentioned, the online broker exclusively offers its customers fixed spreads in trading. Nevertheless, these can vary somewhat depending on the trading hours. For example, the fixed spreads for the most important currencies range between one pip (euro / US dollar) and 1.5 pips (euro / yen) during peak trading hours between 9 am and 7:30 pm. Smart Markets can also be traded outside these times. However, the spreads here are significantly higher with values of 3 pips to 4 pips.

The conditions in the area of shares and indices are also very favorable. Within the regular trading hours between 8 a.m. and 10 p.m., a fixed spread of only 0.8 points must be expected for the DAX 30 CFD. The US SP 500 is offered at an even lower spread of 0.4 points. The leverage for trading is in principle freely selectable. Leverage ratios of up to 1:400 are possible.

All in all, Smart Markets offers a very broad range of trading options at very favourable conditions.

Screenshot of the Smart Markets website

No bonus offer for customers of Smart Markets

Again and again, the subject of discussion among traders is the bonus. Even though a bonus is practically part of the fixed program of many providers, its benefits should be considered in a differentiated manner from the trader’s point of view.

Basically, everyone should make it clear that no online broker has money to give away and that there is a clearly calculated interest behind the bonus offers. On average, one can assume that brokers also earn money from a bonus, even though there are certainly many cases in which the bonus has also paid off financially from the trader’s point of view.

Bonus offers are tied to high conditions
The background to this observation is that the vast majority of bonuses, however high they may be, are tied to conditions, for the fulfillment of which the trader must achieve a certain turnover in the market. These are usually set so high that the trade must be very successful in order for the trader to be able to make a profit afterward. Particularly critical is to be judged if traders get carried away to inconsiderate and particularly high stakes.

Against this background, the advantage of a bonus should be assessed very cautiously. And if a provider does without this lure, this should not be seen as a general disadvantage, but possibly also as part of a fair business strategy. In any case, this is how we would assess it with regard to smart markets. After all, this provider does not currently offer a bonus. This gives a clear view of the actual offer, which is indeed quite impressive.

Payments at Smart Markets are not only possible by bank transfer. Anyone wishing to deposit money with the provider Smart Markets basically has several options. First, you can choose whether the money should be deposited into a Euro account or a Swiss franc account. Different banking institutions are also available for this.

For each option, a special account connection is given for this purpose, to which money can be conveniently transferred by bank transfer. All you need to do is enter the correct account details and the name and trading account number for the purpose of the transfer. The money can then be credited to the appropriate account immediately.

In addition to the bank transfer, you can also choose to deposit money by credit card. MasterCard and VISA are accepted. A corresponding deposit must be made via the merchant’s trading account. Up to three different credit cards can be entered under “Deposit”.

How to deposit money with Smart Markets:

  • Choose the required currency
  • Enter the correct account information (details, name and trading account number)
  • Credit the money to the selected account
  • The money can be credited via bank transfer as well as by credit card

Withdrawals of funds from the trading account can also be processed quickly and easily. The Smart Markets provider has a rule that payouts are only possible in the same way that the amounts were deposited. Deposits from third parties are not permitted, nor are withdrawals to third parties.

The minimum amount for deposits and withdrawals is 50 dollars. On the part of the Smart Markets broker, both deposits and withdrawals are free of charge.

Regulation by British and German authorities

The topic of security and deposit protection is given very high priority by the provider Smart Markets. The financial partner based in Great Britain is responsible for securing deposits, which is why the government deposit insurance there also applies.

In Great Britain, deposits are protected under the Financial Services Compensation Scheme (FSCS), which can be compared with the German Deposit Protection Fund in terms of its function. This means that customer deposits are protected up to an amount of £85,000, even if they are held in other currencies. The FCA (Financial Conduct Authority) regulations also require the separate management of company funds and customer deposits.

As already mentioned, the online broker Smart Markets operates its business from Düsseldorf, so that a German authority is also responsible for the execution of the services. In this case, the BaFin checks whether the provider is doing all the right things in terms of finances. So fraud and rip-offs have no chance.

And traders can also expect the highest standards with regard to customer data at Smart Markets, as security systems are used for the encryption of data.

A high level of support and customer service is also provided

If you want to get in touch with the customer service of Smart Markets, you have several options. First of all, they can simply contact the employees of the Düsseldorf branch by phone. In addition, of course, everyone has the option of contacting Smart Markets’ colleagues via the email provided.

Furthermore, a callback service is also offered. By giving their own telephone number, customers or interested parties can describe their wishes or concerns and will be called back as soon as possible or at the time of their choice. In addition, the company is also present in the social network Facebook and operates its own YouTube channel.

Options to contact the company:

  • Phone
  • Email
  • Callback option
  • Social network (Facebook and YouTube)

Service and Training offered by smart markets

This brings us to the offer of Smart Markets in the area of education and training. In addition to the demo account already mentioned, which is suitable for testing the first steps in trading speculative products such as CFDs, webinars are also offered regularly. Some of these are aimed directly at beginners as introductory offers. In addition, training courses are also held in which experts in live trading explain their strategies.

  • Trader-Training
  • Economic Calendar
  • Currency Calculator

These offers are also available as a video. Here, for individual trading days, trading experts can follow the transaction and strategies at their leisure.

Service timesChat: 8:30 am – 7 pm / email: 24/7
Phone0211 – 569 408 0
Emailinfo@smart-markets.de
Fax+49 (0) 211 – 569 408 29

Selection of the offered trading technology

While some online brokers offer only one way for the trader to participate in trading, Smart Markets customers can choose between several options. In addition to the MetaTrader as a classic, a web-based trading platform and a solution for mobile trading are also available.

The AT Pro offers further interesting possibilities for advanced traders. With the MetaTrader, which is offered for download in version 4 and must be installed on the computer before trading, traders have the possibility to set up and use the trading environment very individually.

In addition, MetaTrader is also the basis for extensions such as AT Pro, with which automated trading can be operated and own trading routines can be programmed. But also those who prefer trading via a browser-based platform will find an excellent trading environment at Smart Markets with the Advantage Web Tool. This tool also allows you to trade directly from the chart with “one click trading”. It is also possible to create individual watch lists.

And of course, corresponding apps for mobile trading are also part of the Smart Markets offer. This means that the trader is always in the picture when he is on the move and can intervene directly in trading if necessary.

which markets can be traded on smart markets?

With around 12.000 different products in its program, Smart Markets offers its customers a broad range of trading options.

Forex
A huge selection of currencies can be traded on Smart Markets without commission.

Shares and Incides
Trading CFDs on underlying instruments from the stock market is also possible. For example shares and indices.

Commodities
Furthermore Smart Market can also trade a broad range of common commodities. The minimum spread starts at only 0.8 points.

Conclusion: Smart Markets is a respectable Online broker

All possibilities in trading with currencies and CFDs
The provider Smart Markets does indeed offer a great deal. From trading techniques to the extremely wide selection of underlying, both beginners and advanced traders are in good hands with Smart Markets. This is also true for the educational offer, which consists mainly of webinars but also training videos. Furthermore, it should be positively emphasized that a very good level of security can also be assumed. The British FCA and the German BaFin are responsible. This means that investors can concentrate on the offer and trading and need not fear fraud or rip-offs.


Most asked questions:

Is Smart Markets regulated?

Yes – Smart Markets is a multi-regulated Broker. Clients are trading with the FCA (Financial Conduct Authority) license with the registration number 113942.

What can i trade with Smart markets?

Smart Markets allows you to trade with a broad range of currencies (Forex), CFDs like shares and indices as well as a huge selection of commodities. All in all, Smart Markets offers around 12.000 different products in its program.

Is Smart Markets a safe broker?

Yes – Smart Markets is a very safe Company. In the UK deposits are protected by the FSCS (Financial Services Compensation Scheme). Customers deposits are protected up tu an amount of £85,000 – also in other currencies.

What is the minimum deposit for smart markets?

At Smart Markets the minimum amount for deposits and withdrawals is 50 dollars, though both are free of charge. And additionally, Smart Markets offers a demo account for its customers to test.

One Response

  1. Andre Witzel August 31, 2020

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