SSC Smart FX Information
SSC Smart FX is a regulated brokerage company registered in Cyprus. This firm offers services exclusively for professional or institutional clients. 2000+ instruments are provided on its MT5 trading platform. However, it's not suitable for retail investors and there is limited information about trading fees on its website.
Pros and Cons
Is SSC Smart FX Legit?
SSC Smart FX is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC), with registration number 316/16.
What Can I Trade on SSC Smart FX?
SSC Smart FX is geared toward active traders who are looking for ways to diversify their portfolios. This firm provides 2000+ instruments, including forex, commodities, stocks, and indices. Compared to other online brokerages, SSC Smart FX doesn't offer as many ways to invest.
If you're a trader focused on forex and stocks, for example, then you may be fine with SSC Smart FX. On the other hand, if you want to try your luck with cryptocurrency or invest in bonds, you won't be able to do that here.
Account Types
SSC Smart FX offers one live trading account and a demo account. The live trading account is designed to cater to professional and institutional investors. So if you're a beginning investor, you need to look elsewhere.
The minimum deposit for this account is not disclosed. The spreads on major pairs include:
- EUR/USD 1.2
- GBP/USD 2.2
- USD/CHF 2.0
- EUR/GBP 2.2
You can get 2000+ trading instruments with maximum Leverage of 1:100. The minimum order size for forex is 0.01.
Trading Platform
MT5 (MetaTrader 5) is available with SSC Smart FX. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analyses, the use of algorithmic trading applications, and copy trading.
Deposit and withdrawal
SSC Smart FX has several deposit methods, including Electronic payment methods, Bank Wire Transfers, and Credit/Debit Cards.
SSC SMART FX does not charge any additional deposit fees. You should be aware that you may incur fees for payment to some international banking institutions. SSC SMART FX accepts no responsibility for such fees. However, be aware that you may incur fees on payments to some.
You can send an email to backoffice@smartfx-cy.com and submit the withdrawal request with your MT5 trading account details. All withdrawals are processed during standard business hours, 9 am-5 pm, Monday to Friday.
Deposit Options
Withdrawal Options
Customer Support Options
If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to SSC Smart FX's 24/5 customer support. You have multiple choices, including email (info@smartfx-cy.com), phone (+357-25-260900), and a live chat feature.
The Bottom Line
SSC Smart FX could be an option if you're a professional or an institutional investor who focuses on forex or CFD trading. On the other hand, if you're a beginning investor or you want more investment options, you better look elsewhere. It's important to look at how well it matches up your investment goals before making a commitment.
FAQs
Is SSC Smart FX a regulated brokerage?
Yes, SSC Smart FX is regulated by the Cyprus Securities and Exchange Commission (CYSEC), with registration number 316/16.
Is SSC Smart FX good for beginners?
No, SSC Smart FX caters primarily to professional and institutional clients.
Does SSC Smart FX offer leveraged trading?Yes, SSC Smart FX provides a leverage option, which is up to 1:100.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
