The website is owned by MRL INVESTMENTS (MU) LTD, based in Mauritius. In addition, the intermediary discloses the details of its license issued by the FSC. Note that the “dedicated team” claims that the resource “operates efficiently, honestly and transparently”. However, there is no direct evidence about the firm’s registration and regulation.
The company’s offerings look attractive, but are they trustworthy? We will reveal all the secrets of this broker in our SmartSTP review.
How to Trade
Clients have access to the WebTrader terminal to trade 6 markets, including indices and cryptocurrency. Three trading plans have no minimum deposit figures. The intermediary demonstrates the following benefits:
- Spreads from 3.2 pips.
- Multilingual interface.
- Demo and Islamic account.
- Bonus offers.
Depositing and withdrawing money is possible using banking payment systems and electronic methods. Depositing is free of charge.
Additional options include trading courses and analytics from the TradingView platform. 4 social media symbols open the company’s accounts on FB, Instagram, and other platforms.
SmartSTP Vital Info
The site owners do not provide clear and transparent information about their team and the start of the project. Meanwhile, all internal documents are dated July 2024. Even though the domain was created in 2018, the first mentions of this resource on the Internet appeared only in 2024. Finally, brand advertising also only began to appear in the summer of 2024, even in the broker’s own social media accounts, and in every post, and before that there was no mention of SmartSTP in its profiles.
We checked the firm’s regulation and found that INVESTMENTS (MU) LTD was indeed registered with the Mauritius Registry and operated under an FSC license issued on April 20, 2022. However, its official website is mrl-investments.com and there is no mention of smartstp.com. So, it is quite possible that the hero of our review does not have the legal documents of a legal entity and is covered by the data of an unauthorized offshore organization.
The training is useless - I got the information I knew before, you can't build a trading strategy on it. Smartstp courses are only suitable for beginners.
I wanted to become a trader a couple years ago. However, I realized I needed to stop and think after I lost my deposit a few times. I recently came across Smartstp who were offering training and I decided to try trading again. I went through the training course and realized that I need a lot of time to analyze charts. Although the broker has a convenient trading terminal where I customize all the windows, but I do not get profit. Orders are not executed very quickly, I noticed platform bugs that lead to a delay of 2-3 seconds and loss of deposit. The manager says that the problem is in my internet, but I doubt it.
Scammers!!! This company should be blacklisted! They cheated me out of 3,250 euros. I funded my trading account and that's it, they didn't let me trade, they just helped me lose my money on the first trades. Although before that I had only successful trading sessions. So, in fact, I had nothing to withdraw... SCAM!!!!
I realize that an untrained trader may have a negative attitude towards a company where they lost money due to their inexperience or stupidity. However, I have been a client of SmartSTP and an active trader for quite a long time, and I can say that all activities of this broker are conducted as transparently as possible and comply with all rules and regulations. The company has a license, the terminal is available 24/7, support promptly responds through all provided channels, orders are executed instantly, there are no hidden commissions for deposit or withdrawal. Everything that is written in the user agreement is executed 100%, and you need to read the documents carefully. I don't understand the outrage of people who check the box under the agreement and then are surprised that, for example, the welcome bonus needs to be worked out and accuse SmartSTP of some kind of deception. Your laziness and inattention is your fault only. I have personally seen that the company withdraws money, trades are executed honestly, and all operations go perfectly. However, there are always risks associated with trading. You should read the warning about risks, it is placed in the footer on the main page of the site.
I got into a bad situation with this broker. I deposited 250 dollars, traded with profit, and then withdrew 50. After that, the manager started calling me 3 times a day, offering to deposit 10,000 dollars at once, but I realized that smartstp is a scam. Of course, I couldn't withdraw the rest of the money :( the crooks expected me to give in to their requests, but I didn't make the second mistake, which I don't advise you to do either. I can believe that smartstp pays some of its clients small amounts from their deposits, but only as long as the total balance is tilted in favor of the company, for example, if you have deposited 2,000 dollars, you may be allowed to withdraw 200 or 300, while waiting for the next deposit. Then the company representatives, real crooks, will start calling you and tell you about some unique opportunity for quick and big earnings, and that you need to act quickly and decisively, to deposit a large amount of money at once on smartstp.com. They will draw your attention to the fact that you have already made sure of the honesty of the broker (you have already withdrawn part of your deposit!!!), and you can make a second mistake - depositing again. My first mistake was that I started cooperating with scammers :( They won't let you walk away with a profit, they don’t care at all. I think there are many similar stories when scammers first withdrew small amounts and then persuaded people to make large deposits. Don't believe them, it's a scam platform.
I do not advise anyone to invest in trading with SMARTSTP. I lost more than 14,500 US dollars here and then I tried to find out something through good lawyers but all was useless. These werewolves collect money from all naive and inexperienced traders like me and move these funds into their pockets!!! Support does not respond to appeals. I warn you - stay away from this scam!
I have lost over £930 on smartstp.com. There are glitches with the terminals and the trading program often freezes. Also, there is no good support and extremely unreliable information comes from the trading signals
I trade using the broker's analytics, the process is not always convenient, sometimes I have to spend a lot of time and the profits may not be comparable to the damage. However, I earn an average of 7-8% per month on smartstp.com, although there have been some bad periods where I have made -10% in a month because I traded little and got into a series of losing trades, but later on I have gotten increased profits of +20% and +18% if I consciously increased risks. In general, SmartSTP employees are very responsible in risk control, they always make sure that stop-losses are strictly executed. I would like to note that to withdraw money you need to go through account verification, which means that you will be asked for documents, although there are such requirements everywhere nowadays. I have withdrawn several times and all requests are withdrawn in 1-2 days. The broker has a license, so I calmly keep a deposit of 2,800 USD, for me it is 20% of the portfolio.
I was disappointed with one brokerage company and I started looking for another suitable option. I came across SMARTSTP on the vastness of the internet, and I read all of their offerings. I decided to try, although of course the amount of two hundred and fifty dollars seemed to me a lot for the first deposit. However, I was very satisfied with the conditions. The manager promised that the average speed of order execution will be less than 40 ms, but no, it is not true. I saw constant lags, so I could not make money on smartstp.com. The support staff was very polite while I was depositing money, and then as soon as I submitted a withdrawal request for the balance of 103 dollars, I couldn't contact the support team anymore and the money was not withdrawn to me. In general, I realized that traders can not trade calmly on this platform, most likely it is a scam and you have nothing to do here, the crooks will not let you work effectively.
My 420 usd turned to dust in a few trades. Every time I was close to profit, the trade mystically closed in the red. This broker clearly manipulated the platform! My account was locked after I tried to find out the reason for this absurd situation.
I've seen a broker with a similar name before, which was run by scammers and they robbed ordinary people, but I don't remember exactly what the name of that firm was. The platform at Smartstp does look attractive, but there is not much information on the site, and I would not cooperate with them and deposit even 250 dollars into an account here. I will note that the scammers from this company have done a pretty slick job in terms of their license. Obviously, they do not have any license. However, they posted on the site the license data of a completely different company, you can see that the domain and brand of the crooks are completely different from the name of the company that supposedly manages them. Yes, such a company is indeed registered in Mauritius, but it has nothing to do with these scammers with the domain smartstp.com. Mrl investments Ltd has a completely different website, but even if you imagine that this license is genuine, it would still not give this firm the right to operate in any country, as there should be brokerage regulation in every jurisdiction where the intermediary operates. Therefore, it's all about scam.