Overview About Rich Smart
Rich Smart Is A New Zealand-based Broker That Provides Traders With A Variety Of Market Instruments. Traders Have Access To Forex Instruments On Major Currency Pairs, Metals And Energy Markets, Index Spot Trading, Contracts For Difference (CFDs) On Stocks, And Cryptocurrency Trading. However, It Is Important To Note That Trading With Rich Smart May Carry Additional Risks In These Markets Due To The Lack Of Regulation.
This Broker Offers Different Account Types, Including ECN Accounts And Standard Accounts. ECN Accounts Offer A Starting Spread Of 0 Pips And Charge A Commission Of $6 Per Lot Traded, While Standard Accounts Offer Zero Commission Trading With A Starting Spread Of 1 Pip. Leverage Options For Forex, Indices, And Commodities Vary Depending On The Account Type Selected, With Specific Ratios Varying. Be Sure To Carefully Consider The Risks And Benefits Associated With These Account Types Before Choosing An Account Type.
Pros And Cons
Rich Smart Offers A Variety Of Market Tools, Including Forex, Precious Metals And Energy, Index Spot, Stock CFDs, And Cryptocurrencies, Providing Traders With A Diverse Range Of Investment Options. They Also Offer Two Account Types, Including A Commission-free ECN Account. The Broker Uses MetaTrader 4 (MT4) As Its Trading Platform, Which Is Known For Its Comprehensive Range Of Features And Tools. Rich Smart Accepts A Variety Of Payment Methods, Providing Clients With The Option To Make Deposits And Withdrawals. In Addition, Their Spreads Start From 0 Pips. However, This Broker Has Limited Information, Including Details On Deposit And Withdrawal Processes. In Addition, Specific Trading Tools And Educational Resources Are Lacking. Finally, Rich Smart Has Limited Language Support And Availability.
Market Tools
Forex: Rich Smart Offers A Variety Of Forex Instruments For Trading, Including Major Currency Pairs Such As AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, EURGBP, EURJPY, And GBPJPY. These Currency Pairs Allow Traders To Speculate On Exchange Rate Fluctuations Between Different Currencies.
Precious Metals And Energy: Rich Smart Provides Access To Precious Metals And Energy Markets, Including XAGUSD (silver), XAUUSD (gold), UKOil (Brent Crude), USOil (WTI Crude), And NGAS (natural Gas). Traders Can Participate In These Markets By Speculating On The Price Fluctuations Of These Commodities.
Index Spot: Rich Smart Offers Index Spot Trading, Allowing Traders To Participate In Various Stock Indices. Examples Of Indices Available For Trading Include AUS200cash (Australia 200 Index), EU50cash (Euro Stoxx 50 Index), FRA40cash (France CAC 40 Index), GER40cash (Germany DAX Index), JAP225cash (Nikkei 225 Index), N25 (Indonesia Nifti 25 Index) And SPA35cash (Spain IBEX 35 Index).
Stock Contracts For Difference (Stock-CFD): Rich Smart Enables Traders To Trade Contracts For Difference (CFDs) On A Wide Range Of Stocks. Traders Can Speculate On The Price Fluctuations Of Stocks Such As AAPL. OQ #(Apple), MSFT. OQ #(Microsoft), AMZN. OQ #(Amazon), TSLA. OQ #(Tesla), GOOG. OQ #(Google), FB. OQ #(Facebook), AIG. N #(American International Group Company), JNJ. N #(Johnson & Johnson), JPM. N #(JP Morgan) And LVMH.PA #(LVMH Moet Hennessy Louis Vuitton SE).
Cryptocurrency: Rich Smart Offers Trading Opportunities In The Cryptocurrency Market. Traders Can Speculate On Cryptocurrencies Such As BCHUSD (Bitcoin Cash), BTCEUR (Bitcoin Euro), BTCUSD (Bitcoin USD), DSHUSD (Dash USD), ETCUSD (Ethereum Classic USD), ETHUSD (Ethereum USD), LTCUSD (Litecoin USD), Ripple EUR (Ripple Euro) And Ripple USD (Ripple USD).
Account Types
Rich Smart Offers A Wide Variety Of Trading Account Types To Meet The Different Needs Of Traders.
ECN Account
One Of The Account Types Is The ECN Account With Spreads Starting From 0 Pips. With A Minimum Order Volume Of 0.01 And A Step Size Batch Of 0.01, This Account Allows Traders To Execute Trades Precisely. A Commission Of $6 Is Charged Per Lot Of Trades, Ensuring The Broker Receives Income From Trading Activity. The Account Also Offers The Option Of Swaps, With Margin Calls Set At 100% And A Mandatory Position Squaring Level Of 50%. Leverage Options Are Available, Forex Offers Leverage Of 1:500 And Indices And Commodities Offer Leverage Of 1:100.
Standard Account
Another Account Type Offered By Rich Smart Is The Standard Account. Its Spreads Start From 1 Pip, Providing Traders With Slightly Looser Spreads Compared To ECN Accounts. Similar To ECN Accounts, The Standard Account Has A Minimum Order Volume And Step Size Of 0.01. A Distinguishing Feature Of This Account Is That It Offers Zero Commission Trading, Eliminating The Need For Traders To Pay An Additional Fee Per Lot. The Account Also Offers The Option Of Swaps, With Margin Calls Set At 100% And A Mandatory Position Squaring Level Of 50%. Traders Can Choose The Leverage Ratio. The Forex Market Offers 1:500 Leverage, While Indices And Commodities Offer 1:100 Leverage.
How Do I Open An Account?
To Open An Account With Rich Smart, Follow These Steps:
Click On The "Open Account Now" Button On Its Website.
2. Fill In The Required Information, Including Your Email Address And The Required Username.
3. Generate A Unique Username, Such As "AsGwlBznTaRK".
4. Click On The "Send Email Verification Code" Button To Receive A Verification Code Sent To Your Registered Email Address.
5. Check Your Email And Enter The Verification Code Provided.
6. Review And Agree To The Terms And Conditions.
7. Click On The "Register" Button To Complete The Account Opening Process.
Leverage
Rich Smart Offers A Leverage Ratio Option For Its Trading Accounts. The Forex Market Allows Leverage Of 1:500, While Indices And Commodities Have Leverage Of 1:100.
Spreads And Commissions
Rich Smart Offers Different Spreads And Commissions Depending On The Account Type Selected. Spreads For ECN Accounts Start From 0 Pips With A Commission Of $6 Per Lot. In Contrast, Spreads For Standard Accounts Start From 1 Pip And Offer Zero Commission Trading. These Changes In Spreads And Commissions Provide Traders With Options Based On Their Trading Preferences And Needs.
Trading Platform
The Trading Platform Offered By Rich Smart Is MetaTrader 4 (MT4), Which Has Gained Recognition In The Industry. MT4 Remains A Popular Choice For Retail Traders, Catering To Both Beginners And Experienced Individuals In Financial Marekt. The Platform Offers A Comprehensive Range Of Necessary Trading Features And Tools. In Addition, It Includes Embedded Features And Opportunities, Which Are Characteristic Of The MQL Platform. MT4 Is Available For Windows, Android, MacOS, IOS, And There Is Also A Web-based Version.
In The MetaTrader 4 Platform, There Are Several Noteworthy Features That Enhance The Trading Experience. These Features Include Three Types Of Order Execution, A Collection Of 50 Preset Indicators Available For Technical Analysis, Basic Graphical Analysis Tools, And The Option To Write Custom Trading Robots Using The MQL4 Programming Language. In Addition, MT4 Offers Trading Features Such As One-click Trading, Which Allows Users To Enter The Market And Position Squaring With A Single Click. Traders Can Also Access The MetaTrader Market Within The Platform To Directly Purchase Expert Advisors And Indicators. In Addition, The Platform Provides News And Signals, Facilitates Fundamental Analysis, And Keeps Users Informed About Financial Marekt Events.
Smart Rich Offers The MT4 Trading Platform To Users Of Various Devices. Whether On Windows, Android, MacOS, IOS Or Via Web Trader, Traders Can Access The Features And Functionalities Offered By MT4.
Payment Methods
Rich Smart Offers A Variety Of Payment Methods To Meet The Needs Of Its Clients. These Include Bank Transfers, T Ether (a Stablecoin), Mastercard, VISA And FastPays. Bank Transfers Allow For Direct Transfers Between Banks. T Ether Uses The Stable Cryptocurrency For Transactions. Mastercard And VISA Offer A Way To Use A Credit Or Debit Card, While FastPays Offer Payment Gateways That Integrate Multiple Options.
Customer Support
Rich Smart Offers Customer Support Through A Variety Of Channels Including Email And Phone. For Email Enquiries, Customers Can Contact Support@ricsmagroup.com. Phone Support Is Available On + 64 9802 3421. They Have A Physical Address At L8W5, 300 Central Queen Street, Auckland, New Zealand. The Broker Claims To Offer Multilingual Support, Ensuring Assistance Is Available 24/7, Five Days A Week.
