SmartTrader Overview
Operating In The US For The Past 2-5 Years
SmartTrader Is A Trading Platform That Offers A Range Of Market Instruments Including Forex, Metals, Indices And Commodities. Despite Being Unregulated, The Platform Offers Users A Variety Of Account Types To Suit Different Trading Needs, From A Free Level To The More Advanced Plus, Prime And Pro Levels.
With A Maximum Leverage Ratio Of 500:1, SmartTrader Empowers Traders To Explore A Variety Of Market Opportunities. The Platform Provides Users With A Suite Of Tools Including Trend/volatility Tools, Market Level And Range Tools To Enhance Their Analytical Capabilities.
In Addition, SmartTrader Places A Strong Emphasis On Education, Offering A Range Of Resources Such As Tutorials, Blogs, Knowledge Bases, Creative Communities, Trading Rooms And Marketplaces, Claiming To Support Traders In Making Informed Choices In Their Decision-making Process.
Regulatory Status
SmartTrader Operates As An Unregulated Trading Platform. Using An Unregulated Broker Could Damage Your Reputation, Especially If You Are Involved In Any Negative Publicity Or Legal Issues. This Could Affect Your Ability To Obtain Loans, Credit Or Other Financial Services In The Future.
Pros And Cons
Pros:
Different Market Tools: SmartTrader Offers A Variety Of Trading Options, Including Forex, Metals, Indices, And Commodities, Allowing Users To Diversify Their Portfolios.
Four Account Types: Free, Plus, Prime, And Pro Account Types Are Available To A Wide Range Of Traders To Meet Different Preferences And Needs.
Maximum Leverage Of 500:1: SmartTrader Offers A Maximum Leverage Of 500:1, Providing Traders With Flexibility In Managing Positions And Potential Returns.
Advanced Analysis Tools: The Platform Offers Advanced Analysis Tools, Including Trend/volatility Tools, Market Levels, And Range Tools, Enhancing Traders' Technical Analysis Capabilities.
Rich Educational Resources: SmartTrader Offers A Comprehensive Set Of Educational Resources Such As Tutorials, Blogs, Knowledge Bases, Idea Communities, Trading Rooms, And Markets To Promote Continuous Learning.
Disadvantages:
Lack Of Regulatory Oversight: SmartTrader Operates Without Regulatory Oversight, Potentially Exposing Traders To Higher Risks And Lacking The Investor Protections Offered By Regulated Platforms.
Relatively Short Company History: The Platform’s 2-5 Years Of Operation May Lack Stability And Reliability.
Limited Customer Support Channels: SmartTrader’s Customer Support Options May Be Limited, Which May Affect The Responsiveness And Accessibility Of Users To Get Help.
No Mobile App Available: The Lack Of A Dedicated Mobile App May Limit The Flexibility And Convenience Of Traders Who Prefer To Execute Trades On The Go.
Market Tools
SmartTrader Offers A Selection Of Market Tools Including Forex, Metals, Indices, And Commodities.
In The Forex Space, Traders Can Participate In The Dynamic Foreign Exchange Market, Explore A Variety Of Currency Pairs, And Profit From Market Fluctuations.
The Platform Has Expanded Its Services To Metals, Allowing Users To Trade Precious Metals Such As Gold And Silver, Providing Opportunities For Portfolio Diversification.
SmartTrader Also Includes Indices, Enabling Traders To Speculate On Broader Market Movements By Trading Popular Stock Indices Like The S&P 500 Or The Dow Jones.
Finally, The Inclusion Of Commodities Gives Users Insight Into The Trading Of Physical Commodities, Such As Energy Resources Or Agricultural Products.
Account Types
SmartTrader Offers Four Different Account Types For Different Trading Needs: Free, Plus, Prime, And Pro.
The Free Plan, Priced At $0, Provides A Basic Experience, Allowing Users To Access One Chart In One Workspace, One Saved Workspace, And Sync Capabilities For A Single Device. It Also Includes Three Indicators Per Chart And Over 100 Popular Indicators, Ensuring A Basic But Comprehensive Analytical Toolkit.
Upgrading To The Plus Plan, Priced At $14.95 Per Month, Enhances The User Experience By Offering Two Charts Per Workspace, Five Saved Workspaces, And The Ability To Sync Between Multiple Devices. This Plan Also Expands The Indicator Functionality, Offering Five Indicators Per Chart, The Ability To Create And Save Five Custom Indicators, And Ongoing Access To Over 100 Popular Indicators.
For Those Seeking More Advanced Features, The $29.95 Per Month Prime Plan Unlocks Greater Potential, With Four Charts Per Workspace, Ten Saved Workspaces, And The Ability To Sync Between Two Devices. The Indicator Library Is Further Expanded, With Seven Indicators Per Chart, The Ability To Create And Save Ten Custom Indicators, And, Like Previous Versions, Unlimited Access To Over 100 Popular Indicators.
At The Pinnacle Is The Professional Plan, Priced At $99.95 Per Month. This Top-tier Subscription Offers The Most Comprehensive Features, Including Six Charts Per Workspace, Fifty Saved Workspaces, And The Ability To Sync Between Five Devices. The Professional Plan Provides Traders With Unlimited Access To A Wide Range Of Indicators, Ensuring Flexibility And Depth In Their Technical Analysis Toolkit.
In Addition, All Plans Offer Varying Degrees Of Smart Tools, From One Smart Support And One Smart Resistance In The Free Plan To Ten In The Professional Plan. In Addition, The Professional Plan Gives Users Unlimited SMS Notifications, A Feature Not Available In The Free Or Plus Plans.
Leverage
Leverage Amplifies Your Profits And Losses. With 500:1 Leverage, A Small 0.2% Move On Your Position Could Wipe Out Your Entire Account. This Can Happen Very Quickly, Especially In Volatile Markets.
When Your Account Value Falls Below A Certain Threshold Due To Losses, Your Broker May Issue A Margin Call, Forcing You To Deposit Additional Funds Or Liquidate Your Position. This Can Be Stressful And Lead To Further Losses If You Are Forced To Sell Assets At An Unfavorable Price.
Smart Tools
SmartTrader Offers A Suite Of Powerful And Intuitive Smart Tools Designed To Enhance Traders' Analytical Capabilities.
Trend/Swing Tools Include Smart Fibonacci, Smart Waves And Smart Patterns, Providing Advanced Charting Capabilities For Identifying And Analyzing Trends, Swings And Patterns In The Markets.
Market Levels Introduces Smart Support, Smart Resistance And Smart Pivots, Providing Users With Essential Tools To Identify Key Support And Resistance Levels And Key Points For Strategic Decision Making.
In Addition, Range Tools Includes Daily Envelopes, Weekly Envelopes, And Candlestick Chart Overlays, Enabling Traders To Visualize And Understand Price Ranges And Candlestick Patterns Across Different Timeframes. Together, These Smart Tools Contribute To A Comprehensive Trading Experience, Helping Users Make Informed Decisions And Execute Effective Trading Strategies On The SmartTrader Platform.
Educational Resources
SmartTrader Prioritizes Trader Education By Offering A Range Of Educational Resources, Empowering Users In Their Trading Journey.
Tutorials Provide Step-by-step Guides And Instructions, Ensuring Users Have A Solid Foundation When Using The Platform's Features.
The Blog Keeps Traders Updated With Market Trends, News, And Analysis, Promoting A Deeper Understanding Of The Financial Sector.
The Knowledge Base Serves As A Comprehensive Repository Of Information, Providing Insights On Various Trading Concepts And Strategies.
The Ideas Community Provides A Collaborative Space For Traders To Share Insights And Discuss Potential Trading Opportunities.
The Trader's Room Offers Real-time Interaction And Discussion With Experienced Traders, Promoting An Immersive Learning Experience.
Finally, The Marketplace Enhances Education By Providing Access To Additional Tools And Resources Designed To Support Traders In Honing Their Skills To Succeed In The Dynamic World Of Trading.
