Smart Prime FX Review 2022

Flag Traders in United States welcome

Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts.

InstrumentsForex, CFDs, indices, commodities
Demo AccountYes
Min. Deposit$25,000
Payment Methods
Min. Trade0.01 lots
MetaTrader 4Yes
MetaTrader 5No
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
P2P TradingNo
Auto TradingYes (EAs)
Social TradingNo
Copy TradingNo
Trade SignalsYes
Islamic AccountYes
  • Gold
  • Silver
CFD TradingStart trading on the financial markets with leveraged CFDs.
CFD FTSE SpreadFloating
CFD Oil SpreadN/A
CFD Stocks SpreadVariable
CFD Leverage1:100 Retail, 1:200 Professional
Forex TradingTrade the most active currency pairs at Smart Prime FX.
Forex GBPUSD Spread1
Forex EURUSD Spread8
Forex EURGBP Spread1
Forex Assets10+
Risk Warning – Your capital is at risk

Smart Prime FX is a forex and CFD trading broker offering the MetaTrader 4 platform. The offshore brokerage hosts a suite of online trading tools along with a choice of live accounts. This review provides information on deposits, fees and regulation so you can find out whether to trust Smart Prime FX.

Smart Prime FX Details

Smart Prime FX was founded in 2018 and is owned by Smart Prime Group which is based in St. Vincent and the Grenadines. Clients can trade on forex, indices and a selection of commodities, via live accounts and MAM / PAMM solutions. But whilst the company has partnered with top-tier liquidity providers, Smart Prime FX does not yet hold a license with an established regulator.

Trading Platforms

MetaTrader 4

The broker offers the trusted and popular third-party MT4 platform, providing live trading and advanced analytics with highly customisable charts and graphs. Users benefit from 30 built-in indicators, 2,000 free custom indicators, plus 70 paid indicators. Traders get an unlimited number of charts across 9 timeframes and access to the full range of Smart Prime FX products. MT4’s built-in coding language MQL4 also lets clients develop their own algorithmic bots.

Smart Prime FX MT4
Smart Prime FX MT4

MT4 is available for desktop download or can be accessed using the cloud-based web trader. Additionally, an Android and iOS compatible app is available.

Order Flow

Level 2 trading information is available through the broker’s proprietary platform, Order Flow. Smart Prime FX promotes Order Flow as a powerful trading terminal with exceptional execution times for fast exchange rate representations. Boasting ultra-low latency and artificial intelligence, funds can be invested in under 1 millisecond.

Smart Prime FX Order Flow
Smart Prime FX Order Flow

The easy to use platform can be downloaded from the broker’s website upon account registration.


Smart Prime FX offers 250+ instruments across forex, stock indices and commodities. Clients can invest in major US, European and Asian indices, along with the FTSE 100. A selection of major, minor and exotic currencies are offered, including EURUSD and GBPUSD. The company also offers trading on popular metals, such as silver and gold.

Note, Smart Prime FX does not offer cryptocurrency trading.

Spreads & Commission

The spreads offered by Smart Prime FX differ depending on the type of account held. The minimum spreads offered for a Silver account (lowest tier) are 1.6 pips. This reduces to a minimum of 1.0 pips and 0.0 pips for Gold and Platinum accounts respectively.

There are also commission charges of $8 per $100,000 traded (for all account types), meaning overall the broker is fairly expensive to trade with.


The standard leverage offered is 1:100 however Smart Prime FX does offer rates up to 1:200 on a case by case basis. These rates allow customers to take larger positions with their cash outlay. However, high leverage can increase losses so traders should be aware of the risks involved.

Note, leverage is capped to 1:100 on XAUUSD regardless of account settings.

Mobile Trading

MetaTrader 4 has a mobile app that is available for both iOS and Android devices and has excellent reviews on the App Store and Play Store. The app offers every order type and tradeable asset available through the desktop client, but with only three graph types and a limited selection of indicators and analysis tools.

Smart Prime FX MT4 mobile
Smart Prime FX MT4 mobile

Head to the respective app store to download the mobile application and enter your Smart Prime FX login credentials to get started.

Payment Methods


Traders can deposit funds via credit and debit card (Mastercard and Visa) in addition to Skrill, Neteller and wire transfer. Most payment solutions offer instant processing, though Perfect Money and OK Pay, both coming soon, come with a 0.5% and 1% transaction fee respectively.

Minimum deposits are high, starting at $25,000 for a Silver account and increasing to $100,000 for a Platinum account. This is upwards of 100 times the market average, with most brokers offering accounts with a minimum deposit of a few hundred dollars. The large initial deposit requirement will likely price out many beginners.


Profits can be withdrawn by most of the methods used to deposit funds. Payment times can stretch to three business days, with Skrill offering fast payments within one working day. Unfortunately there are also withdrawal fees to factor in, starting at 0.5% with UPayCard and climbing to 2% plus 8 USD with Visa and Mastercard.

Demo Account

Smart Prime FX offers an unlimited demo account on the MT4 platform to test strategies and explore the markets. A trial account is a great place to start if you’re undecided about investing real money. With that said, the broker’s demo account is not supported on macOS.

Smart Prime FX Bonuses

At the time of writing, there are no sign-up bonuses or welcome offers in place.


Smart Prime FX is not currently regulated by a large regulator, such as the CySEC or FCA. Unregulated brokers operate without having to adhere to a set of guidelines, resulting in reduced protection for the customer against risks including scams and broker bankruptcy. This is an important consideration when selecting a forex broker.

Additional Features

Additional features at Smart Prime FX are disappointing. The market news section of their website provides links to CNN Money articles that have not been updated since October 2018. This will deter many beginners who benefit from additional tools and market research as they start trading on the financial markets.

Trading Accounts

There are three account types available; Silver, Gold and Platinum. 1:100 leverage and position sizes from 0.01 lots are available across each account. Spreads fall from 1.6 pips with the Silver account to 1 pip with the Gold solution and 0 pips with the Platinum account. To benefit from tighter spreads, users need to deposit $50,000 for the Silver account and $100,000 for the Gold account versus the $25,000 needed for the Silver account.

Swap-free account conditions are also available.


Reasons to open a Smart Prime FX account include:


Disadvantages of Smart Prime FX include:

Trading Hours

Traditional forex markets are open 24/5, though Smart Prime FX’s trading platform is available 24/7. As assets follow local trading hours, open your investing terminal for specific market opening times.

Customer Support

The Smart Prime FX customer support team can be contacted via telephone or email. Unfortunately, the broker doesn’t provide live chat support, which is a real downside, especially for beginners who may need additional assistance as they get started.


Smart Prime FX has a privacy policy which states that it refers to strict security protocols when using confidential information and processing payments. Despite this, no details of these protocols or encryption standards are provided. It also mentions that access is secured by login and password, though there does not appear to be any additional security such as two-factor authentication. This apparent lack of security reduces our confidence in the broker.

Smart Prime FX Verdict

Smart Prime FX is an unregulated broker that lacks transparency regarding trading conditions and company history. It does offer the popular MT4 platform, but high minimum deposits along with limited support mean we’d recommend considering alternative providers.

Accepted Countries

Smart Prime FX accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Compare Smart Prime FX

Compare Smart Prime FX with similar brokers that accept traders from your location. Among available brokers these are the most similar to Smart Prime FX:

  1. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  2. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  3. – boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
  4. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.

Smart Prime FX Comparison Table

Compare Smart Prime FX With Similar Brokers
Smart Prime FX AAAFx IG Group eToro
Rating 4.4 4.5 4.7
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $25,000 $10 £250 $100 $10
Minimum Trade 0.01 lots 0.01 lots 0.1 lots $1 $10
Bonus 100% Deposit Bonus available for Global clients No
Education No Yes Yes Yes
Platforms MT4 MT4, MT5 MT4 MT4
Leverage 1:100 Retail, 1:200 Professional 1:30 EU, 1:500 Global 1:30 1:200 1:30 EU
Payment Methods 9 8 6 8 14
Detailed Comparison Smart Prime FX vs AAAFx Smart Prime FX vs IG Group Smart Prime FX vs Smart Prime FX vs eToro
Review Smart Prime FX
IG Group

Compare Trading Instruments

Compare Smart Prime FX Trading Instruments
Smart Prime FX AAAFx IG Group eToro
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No No Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No Yes No Yes
Silver Yes No Yes Yes Yes
Corn No No No No Yes
Crypto No Yes Yes Yes Yes
Futures No No Yes Yes No
Options No No Yes Yes No
ETFs No No Yes No Yes
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No Yes No No
Volatility Index No No Yes No Yes

Smart Prime FX vs Other Brokers

Compare Smart Prime FX with any other broker by selecting the other broker below.

Smart Prime FX vs


Is Smart Prime FX a Trustworthy Broker?

The broker isn’t transparent with details of spreads and has poor online reviews. There is also a lack of information available regarding its founders and employees. It is therefore difficult to trust the legitimacy of Smart Prime FX.

Is Smart Prime FX Regulated?

Smart Prime FX is unregulated and therefore does not provide the same level of protection as brokers regulated by well-known authorities such as the FCA.

What account types are offered by Smart Prime FX?

Smart Prime FX offers three accounts: Silver, Gold and Platinum. Minimum deposits start from $25,000 with zero pip spreads available and 1:100 leverage.

What is the minimum deposit required to trade at Smart Prime FX?

You will need at least $25,000 to open a Silver account, $50,000 to open a Gold account and $100,000 to open a Platinum account. This is notably higher than many online brokers.

How can I contact Smart Prime FX?

The only way to get in touch with Smart Prime FX is by emailing or calling +1 (877) 870 0092. Live chat support is not provided.

Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts.