Rich Smart is a financial trading firm founded in 2015 and registered in Saint Vincent and the Grenadines. It is regulated by the Australian Securities and Investments Commission (ASIC) and offers various tradable instruments: forex, indices, cryptocurrencies, commodities, precious metals, and stock CFDs. Rich Smart provides two main account types: ECN and Standard, along with an Islamic account option. What's more, it supports MT4 and MT5 platforms.
Pros and Cons
Is Rich Smart Legit?
Yes, Rich Smart is currently regulated by ASIC, holding a Straight Through Processing (STP) License. However, its Retail Forex License under the FSA is offshore regulated at present.
What Can I Trade on Rich Smart?
On Rich Smart, you can trade with Forex, Indices, Cryptocurrencies, Commodities, Precious Metals, and Stock CFDs.
Account Type
Rich Smart provides two account types: the ECN account and the Standard account. Moreover, it also offers an Islamic account.
Leverage
The maximum leverage is up to 1:500 for the forex. Please note that high leverage can bring not only big profits but also great losses.
Spreads and Commissions
Trading Platform
Deposit and Withdrawal
Rich Smart supports payment methods through Mastercard, Discover, Bank Wire, Bank Transfer, Perfect Money, Tether, and Visa.
Saint Vincent and the Grenadines
FX5425329952
Japan
Can't withdraw funds, everyone be careful.
Exposure
Jack8237
Japan
Enticing me to invest money, and then deliberately widening the spread, eventually making me lose all, black platform,
Exposure
gg yy
Vietnam
Richsmart is an excellent platform with low transaction latency and fast deposit and withdrawal speeds
Positive
Phylis
United States
Rich Smart delivers on withdrawal options and trading platforms! Fast, hassle-free withdrawals and an intuitive platform make it a standout choice for traders.
Positive
FX1496336957
New Zealand
Lightning-fast execution is perfect! I can enter and exit trades within milliseconds!
Positive
Liam Hugh
United States
RichSmart has always been at the top of my list as the best FX broker out there. Being in the USA, I appreciate their kind and friendly service, but especially their ECN account, true raw spreads.
Positive
FX1485573802
United States
Hey there, seasoned trader speaking. Just wanted to put word out there for this New Zealand diamond in the rough - Rich Smart. Big tick on the ASIC regulation, gives me that nice fuzzy peace of mind. Now, the maximum leverage they provide, especially on Forex trades, we're talking 1:500 ratio, it's no joke! The spreads they offer on the ECN account starts from ground zero, couldn't ask for a better start. They've eased the money in, money out process with payment methods like FastPay - didn't expect to see that but well done Rich Smart. Now, education tools are not their strongest suit, but what they lack there, they make up elsewhere. It's been a trip and I'd say, well worth the ride.
Positive
Kikoyo
Australia
Wazzup! I've been moving and shaking with this Kiwi platform Rich Smart, and got to hand it to them - they've spiced up my trading routine in a good way. Their ASIC regulation is a weight off my shoulders - makes me feel safe, you know? The spreads for the ECN account are fantastic - starting from nada, zip, zero pips! Makes it a killer deal for me. The payment methods they got are as flexible as a gymnast - I mean, Tether, seriously? Props to them for offering that. As a lonesome trader who likes the dark more than the day,it would've been nice to see some tools to light up the trading scene a bit.
Positive
steve55609
Cambodia
Withdrawal speed could be faster, as I've encountered delays in accessing my funds. Customer support has been helpful and responsive, which is a relief.
Neutral
Samuel Thompson
Australia
Firstly, the spreads - looser than a pair of old jeans. Making a profit was a smooth ride, like sailing on a lake on a sunny day. And the trading platform, as reliable as a Swiss watch. Smooth operations all the way, no unwanted surprises or glitches ruining the game. Talking about withdrawal speed, we’re talking speedier than a roadrunner with a coyote on its tail. And the customer support was on point, always there faster than a hiccup when I needed 'em.
Positive