Smart Trader Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-07-28 18:05

Abstract：Smart Trader is an unregulated financial brokerage firm founded in 2018 and registered in Iraq. It offers various market instruments, including Forex, gold, silver, and oil. The firm provides a demo account for practice, and supports the MetaTrader 5 (MT5) platform. Moreover, Smart Trader offers seven types of accounts, including Islamic accounts, with a minimum deposit requirement of $100. The maximum leverage available is up to 1:300.

Smart Trader Review Summary
Founded	2018
Registered Country/Region	Iraq
Regulation	No Regulation
Market Instruments	Forex, gold, silver, oil
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:300
Spread	From 1.2 pips
Trading Platform	MT5
Minimum Deposit	$100
Customer Support	Phone: +964 07709128787
	Email: info@smarttraderiraq.com
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　　Smart Trader is an unregulated financial brokerage firm founded in 2018 and registered in Iraq. It offers various market instruments, including Forex, gold, silver, and oil. The firm provides a demo account for practice, and supports the MetaTrader 5 (MT5) platform. Moreover, Smart Trader offers seven types of accounts, including Islamic accounts, with a minimum deposit requirement of $100. The maximum leverage available is up to 1:300.

Pros and Cons

Pros	Cons
Demo accounts available	No regulation
Diverse account types	Limited info on deposit and withdrawal
MT5 platform

Is Smart Trader Legit?

　　At present, Smart Trader lacks valid regulation. Its domain was registered on Dec 31, 2020, and the current status is “client transfer prohibited”. Please pay high attention to the safety of your funds if you choose this broker.

What Can I Trade on Smart Trader?

　　On Smart Trader, you can trade with currencies, gold, silver, and oil.

Tradable Instruments	Supported
Currencies	✔
Gold & Silver	✔
Oil	✔
Indices	❌
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌
Mutual Funds	❌

Account Type

　　Smart Trader provides seven types of accounts as well as Islamic accounts. The minimum deposit is $100.

Account Type	Islamic Account (No Swap)	Minimum Deposit
Titanium	✔️	$1,000
Iron	✔️	$1,000
Cobalt	✔️	$50,000
Rhodium	✔️	$50,000
Super Low	✔️	$100
Platinum	✔️	$100
Platinum Plus	✔️	$10,000

Leverage

　　The maximum leverage is up to 1:300.Note that high leverage can amplify not only profits but also losses.

Account Type	Maximum Leverage
Titanium	1:300
Iron	1:300
Cobalt	1:300
Rhodium	1:300
Super Low	1:300
Platinum	1:200
Platinum Plus	1:200

Spreads and Commissions

Account Type	Spread	Commission
Titanium	from 2.5 pips	No commission
Iron	from 1.5 pips	$10 for each standard lot
Cobalt	from 1.2 pips	$10 for each standard lot
Rhodium	from 2.2 pips	No commission
Super Low	from 1.2 pips	$20
Platinum	from 1.9 pips	$10
Platinum Plus	from 1.9 pips	$5

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Windows, MacOS, iPhone/iPad, Android	Experienced traders
MT4	❌	/	Beginners