Smartytrade broker has several account options and empowers traders with optimal trading conditions for both new and experienced traders. This article will provide key insights into these account types and what the trading environment is like. We aim to highlight the benefits you can expect when investing with Smartytrade.
Smartytrade Account Types
SmartyTrade provides four account tiers tailored to every trader’s needs and goals. Each account unlocks additional features and benefits. Here are the features of these accounts:
Bronze Account:
The Bronze account is ideal for new traders looking to hone their skills. With a low $20 minimum deposit, you can access Smartytrade’s powerful trading platform and demo account. Trade sizes up to $250 and earn a 20% welcome bonus. Customer support through email and chat assists your learning journey.
Silver Account:
For intermediate traders, the Silver account provides expanded trading capabilities. With a $1,000 minimum deposit, benefit from larger trade sizes up to $1,000 and a bonus of up to 50%. Gain faster 4-hour withdrawals and priority customer support via phone and chat. Additional perks include discounted rollover costs and cashback on volume trading.
Gold Account:
Experienced traders can use the Gold account’s $5,000 minimum deposit to unlock more rewards. A sizeable 100% deposit bonus, 1-hour withdrawals, a dedicated account manager, and invitations to exclusive webinars help elevate your trading. Further, boost profitability through 5 risk-free trades and increased payouts.
VIP Account:
High-volume traders qualify for Smartytrade’s prestigious VIP program. A minimum $50,000 deposit gives you an industry-leading 200% welcome bonus. Enjoy instant withdrawals, payouts enhancement up to 3%, and a personal success manager. VIP traders also get access to premium resources, events, and more bonuses.
Account Feature Comparison
| Feature | Bronze | Silver | Gold | VIP |
| Minimum Deposit | $50 | $1,000 | $5,000 | $50,000 |
| Payouts Boost | +0% | +1% | +2% | +3% |
| Deposit Bonus | 20% | 50% | 100% | 200% |
| Maximum Trade Size | $250 | $1,000 | $5,000 | $50,000 |
| Free Rollovers | 20 | 50 | 300 | 500 |
| TradeBack | 0.1% | 0.5% | 1% | 2% |
| Withdrawal Time | 8 hours | 4 hours | 1 hour | Instant |
| Customer Support | Standard | Priority | Priority | Priority |
All account types come with demo accounts, tech analysis tools, and giveaways. Higher-tier accounts unlock added features like a personal manager, tighter spreads, higher leverage, and personalized support.
One needs to pay GST for forex trading based on the amount traded. GST Registration is essential for businesses if its annual aggregate turnover from Indian and foreign clients is over INR 20 lakhs
SmartyTrades Trading Conditions
Smartytrade delivers optimal trading conditions to help traders maximize success across financial markets. Here are the trading conditions you get on the platform across account types:
- Enjoy ultra-tight spreads from 0 pips on smartytrade forex, commodities, indices, and crypto CFDs for optimal value. Leverage up to 1:500 gives larger exposure to magnify gains.
- Earn up to 95% payout on winning binary options trades when you predict market direction accurately. Withdrawals can be completed in as fast as 15 minutes for quick access to profits.
- The platform charges a small overnight swap fee of 0.07% to keep CFD positions open past market close. This helps offset extended holding costs.
- To maintain an open CFD position, the minimum equity must stay above 5% of the initial investment, or it will be closed automatically. This prevents large losses.
- Cryptocurrency CFD trades are subject to a commission between 1-2.5% for unleveraged positions and up to 5% on leveraged trades. These help cover direct blockchain costs.
Conclusion
Smartytrade offers traders a choice of Bronze, Silver, Gold, and VIP accounts to match their trading experience and goals. Each account tier unlocks additional features, tighter spreads, increased leverage, and bonuses. The platform empowers all traders to capitalize on market opportunities in optimal trading conditions.
FAQs
What is the maximum leverage on a Bronze account?
The Bronze account offers leverage up to 1:500. Higher leverage is available on Silver, Gold, and VIP accounts.
What is the minimum deposit for a VIP account?
You need a minimum $50,000 deposit to open a VIP account and access its premium features.
Is SmartyTrade Legit?
Yes, Smartytrade is a legitimate broker authorized under the laws of the Marshall Islands trust company MH96960, under license number 110685
