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Whether you are a beginner seeking to learn the basics or an advanced trader looking to execute advanced strategies, SmartyTrade provides all the tools and features you need to actively invest and potentially profit in worldwide markets.
When you open an account, you can trade forex, stocks, crypto, commodities, and indices through their intuitive platforms. This guide will explain exactly how to get started with SmartyTrade in three simple steps: signing up, funding your account, and placing your first trades.
What is SmartyTrade?
SmartyTrade is an online broker providing access to trade global markets across forex, stocks, crypto, commodities, and indices. Users benefit from competitive spreads starting at 0 pips in forex and commission-free crypto trading. SmartyTrade also offers up to 1:500 leverage on certain derivatives, like CFDs, along with payouts reaching 95% on binary trades.
Advanced charting tools, indicators, and analytics support quick order execution on the proprietary SmartyTrade web and mobile platforms. Traders can efficiently analyse markets and act on opportunities. SmartyTrade also allows novice investors to copy top performers using innovative copy-trading technology. Additional perks include giveaways, tournaments, and bonuses on deposits.
Funding accounts is facilitated through numerous methods, from bank transfers to e-Wallets with multi-currency support. Swift one-hour withdrawal processing gives flexible access to capital. With 24/7 multilingual customer assistance via phone, email, and chat, SmartyTrade aims to provide an optimal and user-friendly trading environment.
How to start trading with SmartyTrade
The account opening process at SmartyTrade broker is quick and hassle-free. Follow these simple steps to open your trading account:
Step 1
Visit the SmartyTrade website and click the “Sign Up” button at the top right corner. This will open the new account form.
Step 2
- Type in your phone number and email address. Also, type in your full name exactly as it appears on your ID.
- Next, pick a base currency from ones like USD, EUR, GBP, and more. This cash will be used to put money in and take it out.
- Agree to the privacy policy and terms and conditions. And finally, click “submit.”
Step 3
After submission, you will be taken directly to your trading dashboard, where you can analyse charts and place trades. Click “Add Funds” to deposit funds to begin live trading on global financial markets.
An email is sent to your registered address informing you that a personal manager has been appointed to assist you further. You would receive a phone call from your manager, typically between 30 minutes and 1 hour after registration.
How to trade on SmartyTrade
Once you have finished funding your account, you can start trading CFDs or binary options. Getting started with Smartytrades Forex & CFDs or binary options requires following key steps to properly set up and manage your trades.
Log into your broker account
Go to your broker’s website or app and enter your username and password to access your trading account.
Select your instrument
Find the plus button options for trading instruments and select “Forex & CFDs” or “Options.”
Pick an underlying asset
Browse the available markets, such as forex, stocks, commodities, and indices, and choose an asset you want to trade.
Analyze the chart
Study the historical price movements and technical indicators to identify potential trading opportunities.
Enter trade details
For CFD trading, configure your trade size, stop loss, take profit, and other parameters in the order ticket based on your analysis. If you are trading Binary option, configure your option type, expiry time, and trade amount.
Execute your trade
Click the buy or sell button to enter your CFD trade based on whether you think the asset price will rise or fall. Click Up or Down to place a binary options trade.
Is SmartyTrade legit?
Yes, SmartyTrade is a legitimate broker licensed under the rules of the Marshall Islands Trust Company MH96960, with licence number 110685. The site has more than 2 million members and a trade volume of $60 million. SmartyTrade is legitimate, according to online trader evaluations that show platform utilisation and successful withdrawals.
Furthermore, given their favourable conditions, like as fast withdrawals, tight spreads, and good security, SmartyTrade appears to be a promising broker in my opinion. Client account data and funds are kept secure using cold storage procedures and strong encryption protocols. All user data is securely encrypted and stored using standard security techniques such as 3D Secure and 256-bit SSL encryption.
FAQs
What is the minimum deposit to fund a SmartyTrade account?
The minimum deposit is $250. You can start live trading in global markets with this initial funding amount.
What trading platforms does SmartyTrade offer?
SmartyTrade offers web-based, mobile, and desktop platforms for trading. These proprietary platforms provide advanced analytical tools to identify trading opportunities.
Is copy trading available on SmartyTrade?
Yes, SmartyTrade allows novice traders to copy the strategies of top-performing traders. This facilitates passive income while you learn how to trade independently.
