After Verification: Smart Prime Is Operated Through The Website Https://www.smartprimefx.com/, The Domain Name Was Registered On November 9, 2015.
The Company's Website Is Currently Down And Appears To Have Gone Out Of Business, And Details About The Company Are Not Immediately Available. Traders Are Asked To Pay Attention To The Risks In Case Their Funds Are Damaged.
As For Regulation, It Has Been Verified That Smart Prime Does Not Currently Have Any Valid Licenses.
You Can Contact Smart Prime By Email: Info@smartprimefx.com, Or By Phone: + 1 877 870 0092.
But Most Non-compliant Brokers Will Not Disclose To Provide Their Real Contact Information, Such As Phone Number Or Company Address.
Note: Smart Prime Being An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
The Following Is The General Information Found Through The Internet:
Smart Prime Was Established In 2018 And Is Registered In Saint Vincent And The Grenadines. Smart Prime Is A Forex And CFD Trading Broker That Provides The Metatrader 4 Platform.
This Offshore Brokerage Has A Set Of Online Trading Tools As Well As A Selection Of Live Accounts. Clients Can Trade Forex, Indices And Select Commodities Through Live Accounts And Mam/pamm Solutions.
Markets
Smart Prime Offers Over 250 Instruments Covering Forex, Stock Indices And Commodities. Clients Can Invest In Major US, European And Asian Indices, As Well As The FTSE 100 Index. Offers A Range Of Major, Minor And Exotic Currencies, Including EURUSD And GBP/USD. The Company Also Offers Trading In Metals Such As Silver And Gold.
Account Types
Three Account Types Are Available; Silver, Gold And Platinum. Leverage Of 1:100 And Position Sizes Starting From 0.01 Lots Are Available For Each Account. Users Are Required To Deposit $50,000 For A Silver Account And $100,000 For A Gold Account, While $25,000 Is Required For A Silver Account. Swap-free Account Conditions Are Also Available.
Spreads And Commissions
Spreads Offered By Smart Prime Vary Depending On The Type Of Account Held. The Lowest Spread Offered For A Silver Account (lowest Tier) Is 1.6 Pips. For Gold And Platinum Accounts, This Is Reduced To A Minimum Of 1.0 And 0.0 Pips Respectively.
There Is Also A $8 Commission For Every $100,000 Traded (applies To All Account Types), Which Means That Overall, The Broker's Transaction Costs Are Quite High.
Leverage
The Standard Leverage Offered Is 1:100, But Smart Prime Does Offer Rates Up To 1:200 On A Case-by-case Basis.
Deposit
In Addition To Skrill, Neteller, And Telegraphic Transfer, Traders Can Deposit Funds Via Credit And Debit Cards (Mastercard And Visa). Most Payment Solutions Offer Instant Processing, Though The Upcoming Perfect Money And OK Pay Charge 0.5% And 1% Transaction Fees, Respectively.
Minimum Deposits Are High, With A Minimum Deposit Of $25,000 For A Silver Account And $100,000 For A Platinum Account.
Withdrawal
Most Of The Methods Used To Deposit Funds Can Be Used To Withdraw Profits. Payment Time Can Be Extended To Three Business Days, While Skrill Offers Fast Payments Within One Business Day. Withdrawal Fees Also Need To Be Taken Into Account. The Fees Are 0.5% With UPayCard And 2% Plus $8 With Visa And Mastercard.
Trading Hours
The Traditional Foreign Exchange Market Is Open 24/5, But The Smart Prime Trading Platform Is Available 24/7.
Customer Support
This Smart Prime Can Be Reached By Phone Or Email To The Customer Support Team. Unfortunately, The Broker Does Not Offer Live Chat Support, Which Is A Real Drawback, Especially For Beginners Who May Need Extra Help At The Beginning.
Phone: + 1 (877) 870 0092
Email: Info@smartprimefx.com
Recipient Countries
Smart Prime Accepts Traders From Australia, Thailand, Canada, USA, UK, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar And Most Other Countries.
