Basic Information
Registered Region 
Iraq
IraqOperating Period
5-10 years
Company Name
Smart Trader Company
Customer Service Email Address
info@smarttraderiraq.com
Contact Number
+96407709128787
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
Smart Trader
Iraq
|
5-10 years
|
Suspicious Regulatory License
|
White label MT5
|
Global Business
|
High potential risk
https://www.smarttraderiraq.com/#/
Website
Rating Index
MT4/5 Identification
MT4/5
White Label
SmartTrader-Server
Netherlands
3
Influence
D
Influence index NO.1
Iraq 2.77MT4/5 Identification
MT4/5 Identification
White Label
3
Server Name
SmartTrader-Server MT5
Server Location Netherlands
NetherlandsInfluence
Influence
D
Influence index NO.1
Iraq 2.77Surpassed 19.80% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+964 07709128787
info@smarttraderiraq.com
https://www.smarttraderiraq.com/#/
https://www.facebook.com/Smart.trader.iraq
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
Related Software
Biz Area
Website
Company Summary
Wiki Q&A
Comment
MT4/5
White Label MT5
0
MT4 Servers
1
MT5 Servers
160.67
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
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Company Summary
| 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 | |
| Facebook, Instagram, Telegram, YouTube | |
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 |
Deposit and Withdrawal
Smart Trader supports payments through FastPay, FIB, Remittance Offices, and Smart Trader Head Offices.
Keywords
- 5-10 years
- Suspicious Regulatory License
- White label MT5
- Global Business
- High potential risk
Wiki Q&A
marcustan 
1-2 years
Does Smart Trader offer a demo account or Islamic account?
Yes, Smart Trader offers a demo account for practice and all live accounts, except the demo, are Islamic accounts that operate without swap charges to comply with Sharia principles.
Broker Issues
Platform
Instruments
Account
Leverage
07-04
United States
qirhost
1-2 years
What trading platforms does Smart Trader provide?
Smart Trader offers the MetaTrader 5 (MT5) platform, known for its advanced features and availability on Windows, Mac, Android, and iOS devices.
Broker Issues
Instruments
Account
Leverage
Platform
06-23
United States
Rustam R
1-2 years
What trading instruments are available on Smart Trader?
Smart Trader primarily offers forex trading, catering to traders interested in currency markets. No detailed information on other instruments is provided.
Broker Issues
Platform
Leverage
Account
Instruments
06-06
United States
Tomas
1-2 years
What payment methods does Smart Trader support?
Smart Trader supports multiple deposit and withdrawal methods including FastPay, AsiaHawala, Remittance Offices, and Smart Trader’s Head Offices located in various cities. FIB and USDT options are currently unavailable.
Broker Issues
Withdrawal
Deposit
05-26
United States
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