SMFX Review – Is SMFX Scam or Legit Crypto Trading Platform?

SMFX Review

SMFX is international forex, and CFD broker offers an amazing range of trading tools and asset indexes. In this SMFX review, we’ll go over the platform, security, customer service, a mobile phone app, and a demonstration account, all of which will help you decide whether or not to open a trading account.

Trading Platform

With the award-winning MT4 trading platform, traders may trade forex, indices, and commodities worldwide. Thanks to its intuitive user interface, algorithmic trading features, and comprehensive charting tools, it’s a superb all-around platform. Trading forex, equities, commodities, and cryptocurrencies are possible using this trading platform’s trading interfaces. The SMFX MT4 platform is a free download for PCs running Microsoft Windows, Mac OS X, and Linux.

Desktop Platform

Traders with more sophisticated skills may choose the desktop version available on iOS and Windows, which offers a greater range of customization options and tools. Additionally, MT4 provides one of the strongest automated trading systems, known as EAs, allowing complete flexibility over the trading approach. It is possible to get multiple versions of the platform that are suitable for desktop or online apps and mobile applications.

SMFX offers a mobile application for cellphones running on Android and iOS operating systems. Everything accessible on the desktop version is available via the mobile application, with the ease and convenience of accessing the platform from any location. Once you’ve obtained your MT4 login credentials, go over to your app store and get the app.

Assets

Users of SMFX may trade various assets from a variety of asset classifications. Forex, stocks, indices, commodities, and cryptos are some of the asset types available. This allows you to diversify your investment portfolio.

Demo Account

SMFX offers a useful demo account, which can be reached through the broker’s website or by calling the broker’s toll-free number. In addition to having infinite virtual currency, users may trade under the same circumstances as they would with a real-money account using the same pricing feed. Standard demo accounts have a 30-day expiration date; extensions may be requested if necessary.

Types of Accounts

In addition to offering trading capability, SMFX also provides access to a diverse range of products at a fair price point and the option of choosing between three different account types.

There are three types of accounts available by SMFX: Standard, VIP, and ECN. Additionally, the ECN account operates on a separate pricing model in which charges are included in the fee.

Deposits and Withdrawals 

Furthermore, to deposit or withdraw money, you may employ tried-and-true techniques to make the transfer easy and secure.

Options for making a deposit:

Credit/debit cards are accepted.

Transfers through bank account.

Because the international branch accepts a far wider range of deposit ways than the local office, you should check with customer care to see if there are any additional choices available based on your location or residence. Furthermore, the terms and payment alternatives may differ depending on the SMFX company you are creating an account.

Unlike other forex brokers, SMFX requires just a $100 deposit to open an account, which is the bare least for a first-grade account where costs are incorporated into a spread.

SMFX does not charge any funding fees; nevertheless, SMFX withdrawal payment providers such as banks and credit cards may impose additional costs depending on the region or regulatory compliances in effect; thus, you should double-check for these fees. SMFX enables up to two requests per month at no charge for withdrawals, with any further requests incurring a fee of 35$ or nearly equal.

Leverage

While trading with SMFX, you will have the option of using leverage, which is a fantastic instrument that allows you to expand your trade size by a certain amount of time.   For major currency pairings, the time is 1:30 and significantly lower for minor instruments.

SMFX has an offshore zone company accessible to foreign customers. Therefore you will have access to larger leverage if you create an account under this authority instead. However, usage of leverage should always be approached with caution since the hazards associated with it are magnified due to the magnifying potential.

Conclusion

SMFX is an outstanding and efficient brokerage firm that has several options for you to upgrade your trading experience. With high-class security, amazing customer service, and a broad range of trading instruments and assets, it stands outs in the line of brokerage firms. So it’s up to you now to decide if this brokerage firm meets all your needs as a trader.