Basic Questions & Answers

SMART FX ECN offers our clients a non-dealing desk trading service. Our trading accounts do not pass on order flow to market makers. Instead, matching them in a trade electronically and pass the orders to liquidity providers. Furthermore, because we offer leveraged, margin trading accounts, clients can trade without having to deposit the entire transaction value. SMART FX ECN provides free access to the popular desktop/mobile trading platform to all clients.

While trading a specific Forex pair, you will always see two prices: one to buy (go long) and one to sell (go short) (go short). The spread is the difference between the two prices. For example, if the EUR/USD was quoted at 1.1300/1.1308, and you expected the price to fall, you would sell at 1.1300. If you expected the price to rise, you would buy at 1.1308. The spread in this example is 0.0008. We offer a wide range of instruments with competitive spreads.

The minimum deposit amount for the “Standard Account” holder is $100, for the “VIP Account” holder is $10, and for the “ECN Account” holder it is $500. There is no limitation to withdrawal.

At first, you have to open a trading account. Then you will get login details via email. After that submit your identification documents for account validation. Finally, deposit money into your account. The next step is to download the trading platform of your choice from the client dashboard.

We normally offer three types of accounts.

  1. Standard: Standard lot is 100,000 units of the base currency.
  2. ECN: Standard lot is 100,000 units of the base currency.
  3. VIP: Standard lot is 100,000 units of the base currency.
Supporting Documents

To become a client on our dashboard, please submit the following documents:

1) A color copy of a valid passport or other official identification document issued by authorities (e.g. driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number, and the client's signature.

2) A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet, and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.

To keep the all process under regulation, these procedures involve the collection of adequate documentation from our clients with regards to KYC (Know Your Client), including the collection of a valid ID card and a recent (within 6 months) utility bill or bank account statement that confirms the address the client has registered wit

Yes, you do. In order to start trading and to be able to make withdrawals from your account, your account has to be validated, therefore you must provide a recent utility bill (e.g. electricity, gas, water, phone, oil, Internet, and/or cable TV connection) or bank account statement not older than 6 months, and confirming your registered address.

Yes, you can. It is preferable, however, to use the same personal details as for your other trading account(s). You can register for an additional account in the Members Area with 1 click. Kindly note that the maximum number of accounts allowed per client is 8.

If you want to update your email address or residential address, please send an email to [email protected] from your registered email address. Recent Proof of Residence document (not older than 6 months) is necessary.

RISK WARNING : Trading in Forex, Crypto, Stock & Commodities which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose more than the initial capital invested. Therefore, Forex, Crypto, Stock & Commodities may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.


Financial Market & trading in the palm of your hand. Trader wherever & whenever easily with SMART FX ECN MT5 mobile app

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