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FX SmartBull

United Arab Emirates|2-5 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://fxsmartbull.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
FXSmartBullLtd-Live MT5
Server Location United Kingdom

Contact

+971 544572767
support@fxsmartbull.com
https://fxsmartbull.com
Churchill Commercial Tower, Office No 1103, 11th Floor, Business Bay, Dubai, UAE

Licenses

No valid regulatory information, please be aware of the risk!

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Contact number

English

+971 544572767

English

+971 555332890

Broker Information

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Company Name

FX SmartBull

Company Abbreviation

FX SmartBull

Platform registered country and region

United Arab Emirates

Company website
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  • +971 55 533 2890

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Warning: Low score, please stay away!
Previous Detection : 2024-02-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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FX SmartBull · Company Summary

Key Information Details
Company Name FX SmartBull
Years of Establishment 2-5 years
Headquarters United Arab Emirates
Office Locations Churchill Commercial Tower, Office No 1103, 11th Floor, Business Bay, Dubai, UAE
Regulation Unregulated
Tradable Assets Forex, Metals, Indices, Cryptocurrencies
Account Types Classic, Standard, Variable, VIP
Minimum Deposit $25
Leverage Up to 1:1000
Spread As low as 0.5 pips
Deposit/Withdrawal Methods Neteller, Skrill, VISA, PerfectMoney, MASTER, Cryptocurrency, Bank Transfer
Trading Platforms MetaTrader 5
Customer Support Options Phone, Email
Educational Content Blogs

Overview of FX SmartBull

FX SmartBull is an unregulated financial firm headquartered in the United Arab Emirates, with an establishment history spanning 2-5 years. This company offers trading services predominantly in Forex, Metals, Indices, and Cryptocurrencies. They provide several main account types, with varying minimum deposit requirements, starting from $25. Leverage is available up to 1:1000, and spreads start as low as 0.1 pips for zero spread accounts.

Clients have access to several deposit and withdrawal methods, including Neteller, Skrill, VISA, PerfectMoney, MASTER, Cryptocurrency, and Bank Transfer. The trading platform offered is MetaTrader 5, and customer support is accessible through English language channels, including phone and email, in addition to educational content in the form of blogs.

 Overview of FX SmartBull

Regulation

FX SmartBull, with a reported license number of 13765966, is subject to regulation by the Financial Conduct Authority (FCA). However, it is important to note that their regulatory status is labeled as “exceeded,” indicating that they have exceeded the allotted time for license renewal, which effectively renders the company unregulated.

 Regulation

This status implies a significant disadvantage as it means the company no longer holds a valid regulatory license, potentially raising concerns about the level of oversight and protection afforded to clients, who may lack the safeguards typically associated with regulated financial entities.

Pros and Cons

Pros Cons
Transparency Unregulated
Educational Blogs Single Platform
Multiple Account Types Lack of Specifics

Pros:

Transparency: FX SmartBull offers clear information about its account types, leverage ratios, and deposit/withdrawal methods. This transparency helps traders make informed decisions.

Educational Blogs: The provision of educational blogs can be advantageous for traders seeking market insights and analysis. These resources can aid in improving trading strategies and decision-making.

Multiple Account Types: The availability of multiple account types with varying deposit requirements accommodates traders with different financial capacities and risk tolerances.

Cons:

Unregulated: The company operates without regulation, which raises concerns about investor protection and oversight, potentially posing risks for traders.

Single Trading Platform: FX SmartBull offers only one trading platform, limiting options for traders who may prefer alternatives or additional platforms for their trading needs.

Lack of Specifics: The absence of specific information on available products within asset classes like Cryptocurrencies and indices on the company's website can make it challenging for potential clients to assess the full range of trading options.

Market Instruments

FX SmartBull suggests a comprehensive range of market instruments, including Metals, Forex with a substantial number of options, Indices, and Cryptocurrencies, although the specific products within these categories are not provided on their website.

Metals: The company provides access to trading in 5+ different precious metals, commonly including Gold and Silver. These metals are considered safe-haven assets, often sought by investors as a store of value and a hedge against economic uncertainties and inflation.

Market Instruments

Forex: FX SmartBull offers a selection of 150+ Forex instruments, which typically encompass major currency pairs like EUR/USD (Euro/US Dollar), GBP/JPY (British Pound/Japanese Yen), and USD/JPY (US Dollar/Japanese Yen), among others. Traders engage in Forex markets to speculate on the relative value fluctuations between two currencies. This dynamic market allows for diverse trading opportunities, although the exact 150 options claimed by the company are unspecified on their website.

Indices: FX SmartBull grants access to 10+ options of indices trading, enabling investors to speculate on the performance of stock market indexes. Prominent indices like the S&P 500 (Standard & Poor's 500) in the United States, FTSE 100 (Financial Times Stock Exchange 100) in the United Kingdom, and Nikkei 225 in Japan are typical examples. However, the company's website does not specify which indices clients can trade.

Cryptocurrencies: The company claims to offer trading in around 20+ cryptocurrencies. Cryptocurrencies are digital assets, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) being well-known examples. Crypto trading allows investors to speculate on the price movements of these decentralized digital currencies. Despite the claim of 20 cryptocurrencies, the specific options are not listed on FX SmartBull's website, leaving potential traders in the dark about the available choices.

Market Instruments

The following is a table that compares FX SmartBull to competing brokerages:

Broker Market Instruments
FX SmartBull Forex, Metals, Indices, Cryptocurrencies
Alpari Forex, Metals, Indices, Cryptocurrencies, Commodities, Stocks
HotForex Forex, Metals, Indices, Cryptocurrencies, Commodities, Stocks, Energies
IC Markets Forex, Metals, Indices, Cryptocurrencies
RoboForex Forex, Metals, Indices, Cryptocurrencies, Energies, Options

Account Types

FX SmartBull offers a range of account types to accommodate traders with varying preferences and experience levels, characterized by differences in minimum deposit requirements and potential spreads while maintaining consistent leverage ratios across all account types.

Classic Account: The Classic account offered by FX SmartBull caters to traders looking for a basic entry point. This account type comes with a minimum deposit requirement of $25, providing access to a maximum leverage of 1:1000. Traders can expect minimum spreads starting from 2.5 pips.

Standard Account: The Standard account is designed for traders seeking a more intermediate level of access. It requires a minimum deposit of $200, offering similar leverage up to 1:1000. However, traders may benefit from slightly lower spreads, starting from 2 pips.

Variable Account: The Variable account type offers competitive trading conditions with a minimum deposit of $1,000 and leverage up to 1:1000. It provides access to potentially tighter spreads, starting from 1.5 pips.

VIP Account: The VIP account is tailored for experienced and high-volume traders. It demands a higher minimum deposit of $2,000, offering the same leverage of 1:1000. This account type boasts potentially lower spreads, starting from 1 pip.

The specifics of the account types are as follows:

Account Type Minimum Deposit Maximum Leverage Minimum Spread
Classic $25 1:1000 from 2.5 pips
Standard $200 1:1000 from 2 pips
Variable $1,000 1:1000 from 1.5 pips
VIP $2,000 1:1000 from 1 pip

How to open an account?

  1. In order to begin the account creation process, the user should first navigate to the “LOGIN” button that is located at the top right side of all pages.

    1.  How to open an account?
  2. This button will forward to the Log in page, and from that page, the user needs to nagivate to the “Sign up” button which is located at the bottom of the form.

    1.  How to open an account?
  3. Lastly, the user will be navigated to the actual registration page, where users will be prompted to fill in personal information and account information in order to finalize the account creation.

 How to open an account?

Minimum Deposit

FX SmartBull offers a tiered approach to minimum deposit requirements for its trading accounts. The company provides options for traders with varying levels of financial commitment. The minimum deposit rates range from $25 for the Classic account, $200 for the Standard account, $1,000 for the Variable account, to $2,000 for the VIP account. This approach allows traders to choose an account type that aligns with their financial capacity and trading preferences, providing flexibility in their engagement with the company's services.

Minimum Deposit

Leverage

FX SmartBull provides a consistent maximum leverage ratio of 1:1000 across all its account types, starting at 1:500. This leverage level allows traders to potentially amplify their trading positions significantly.

Leverage

Spread

FX SmartBull provides varying spreads for its trading accounts, with the Classic account offering spreads starting from 2.5 pips, the Standard account from 2 pips, the Variable account from 1.5 pips, and the VIP account from 1 pip and as low as 0.5 pips. Spreads are a critical factor in trading costs, and the company's tiered approach allows traders to select an account type that aligns with their preference for potentially tighter or more flexible spreads.

Spread

Deposit & Withdrawal

FX SmartBull offers a range of deposit and withdrawal methods, including bank transfers, credit cards, and e-wallets, providing clients with flexible options for managing their trading accounts and funds. Although, the official website mentions that they accept Indian Rupees, United Arab Emirates Dirham, and United States Dollar, most modern bank accounts have the ability to automatically transfer currencies.

Bank Transfer: FX SmartBull offers bank transfer as a deposit and withdrawal method, allowing clients to transfer funds directly from their bank accounts to their trading accounts and vice versa. This method typically involves a longer processing time compared to electronic methods and may incur bank fees, making it suitable for clients who prioritize secure, traditional banking transactions.

Credit Card: Clients can use credit cards, including VISA, to deposit and withdraw funds with FX SmartBull. This method offers a convenient way to fund trading accounts, with relatively faster processing times.

E-Wallet: FX SmartBull provides e-wallet options such as Neteller and Skrill for deposits and withdrawals. E-wallets offer a swift and secure means of transferring funds, often with competitive transaction fees. Traders who value the speed and convenience of digital wallets may find this method preferable for managing their trading accounts.

Deposit & Withdrawal

Trading Platforms

FX SmartBull offers the MetaTrader 5 (MT5) trading platform, a well-known and widely used platform in the industry. MT5 provides advanced charting, technical analysis tools, and automated trading capabilities through Expert Advisors (EAs), catering to both novice and experienced traders.

 Trading Platforms

Having a single trading platform, as seen with FX SmartBull, may limit traders' choices and flexibility when compared to competitors offering multiple platforms. Traders with specific preferences for alternative trading software may find their options constrained when relying solely on one platform.

The following table compares the trading platforms offered by FX SmartBull to competing brokerages:

Broker Trading Platforms
FX SmartBull MetaTrader 5
OctaFX MetaTrader 4, MetaTrader 5
FXCC MetaTrader 4, MetaTrader 5
Tickmill MetaTrader 4, MetaTrader 5
FxPro MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge

Customer Support

The customer support options at FX SmartBull include phone support with two contact numbers and email support. These channels offer clients the means to seek assistance and address their trading-related matters efficiently.Phone Support: FX SmartBull offers phone support in English through two phone numbers, +971 544572767 and +971 555332890, enabling clients to reach out directly for assistance with their inquiries or concerns.

Email Support: The company provides an email support channel, reachable at support@fxsmartbull.com, where clients can send detailed queries or requests for assistance.

Educational Resources

FX SmartBull offers educational content in the form of blogs. These blogs likely cover various trading topics, providing insights, analysis, and updates that can help traders make informed decisions in the financial markets. Offering blogs as educational content can benefit a trading platform by providing traders with a valuable resource for staying informed about market trends and making data-driven decisions. It enhances the trading experience by promoting informed trading strategies and increasing engagement with the platform's resources.

Educational Resources

Conclusion

FX SmartBull, operating with an unregulated status, presents traders with a suite of financial services encompassing Forex, Metals, Indices, and Cryptocurrencies trading. The company offers multiple account types, catering to various levels of trader experience, with deposit requirements and maximum leverage up to 1:1000. FX SmartBull stands out with its provision of a single popular trading platform, MetaTrader 5.

The broker extends customer support via phone and email, while educational content is delivered in the form of blogs, providing traders with valuable market insights. Despite some limitations and the absence of specific product details on their website, FX SmartBull's service offerings and flexibility in account types may appeal to traders seeking a tailored trading experience. However, the lack of regulatory oversight could be a point of concern for those prioritizing investor protection.

FAQs

Q: What types of financial instruments are available for trading with this company?

A: Clients can trade Forex, Metals, Indices, and Cryptocurrencies.

Q: What is the minimum deposit requirement for their VIP account?

A: The VIP account necessitates a $2,000 minimum deposit.

Q: How does the leverage offered compare to industry standards?

A: FX SmartBull provides leverage up to 1:1000, in line with industry norms.

Q: What is the primary form of educational content provided?

A: The primary educational content consists of informative blogs.

Q: How can clients reach customer support?

A: Customer support can be contacted via phone or email.

Q: Are there multiple trading platforms available?

A: No, FX SmartBull exclusively offers the MetaTrader 5 platform.

User Reviews

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Wenly
more than one year
I've been waiting for withdrawals for over 2 weeks! They sent a BOGUS PROOF OF PAYMENT!! I've repeatedly shown that no funds were received in my bank account. Their response is that they're 'investigating.' As of this review, I am STILL WAITING FOR MY MONEY!
2023-12-13 01:33
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0
0
Cathenna
6-12months
FXSMARTBULL is a reliable and good platform, and trading on it is very safe. Trading platforms are simply awesome, even without much trading experience i can trade with confidence. The spreads are also very competitive and my withdrawals went smoothly.
2023-05-20 18:56
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0
0
Steve John
6-12months
I've tried several other brokers in the past, but Fxsmartbull has exceeded my expectations. The platform is fast and reliable, and the education and research tools have been a huge help.
2023-05-19 14:57
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0
0
Yogin Nali
6-12months
Instant Deposit & Withdrawal 24 x 7 Services available
2023-05-18 15:48
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0
0
Ajitkumar
6-12months
Very Fast Deposit & Withdrawal and good services
2023-05-18 15:44
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0
0
Ajitkumar
6-12months
I have only traded some basic currency pairs on this platform. The mt5 trading platform is relatively stable, and the trading signals are quite accurate. I have neither lost nor made money on this platform, but overall withdrawals are pretty fast.
2023-05-16 15:53
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0
0
Bhavin304
6-12months
Very fast services, 24x7 customer support east deposits and withdrawal process...Timely withdrawals within 24hrs
2023-03-15 17:22
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0
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FX1168304752
more than one year
I opened a real account with just 25 dollars. Leverage is good at 1:500 on forex. Deposits and Withdrawals have been seamless so no issues there either.
2022-12-13 16:27
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三网通不封卡
more than one year
leverage up to 1:500, giving me lots of flexibility. Yes, I like trading adventure in forex trading, and using high leverage to win large profits is amazing!!!
2022-12-09 14:41
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