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SMART BALANCE

United Kingdom|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.smartbalance.pro/index.html

Website

Rating Index

Contact

smartbalanceltd@gmail.com
https://www.smartbalance.pro/index.html
South Bank Tower, 55 Upper Ground, London SE19EY

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
United Kingdom
Operating period
1-2 years
Company Name
SMART BALANCE QUANTIZATION LTD
Abbreviation
SMART BALANCE
Company employee
--
Customer Service Email Address
smartbalanceltd@gmail.com
Company address
South Bank Tower, 55 Upper Ground, London SE19EY
Keywords 4
1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Dung Le

United States

$1000 minimum deposit is too high...don't advise beginners waste money and time here...

Neutral

07-19

ju99h

United Kingdom

Started trading with SMART BALANCE recently. They offer competitive spreads and reliable leverage. Using their TradingView platform has been a good experience. However, noticed that they have high minimum deposit requirements, there's room for improvement.

Neutral

05-15

FX1483088202

United Kingdom

Smart Balance made trading a smooth journey for me, their wide-range of market instruments and unbeatable spreads truly great! But the minimum deposit is too high? Can it be less?

Neutral

04-26

FX1524624512

New Zealand

Order execution with SMART BALANCE has been nothing short of stellar. Trades are processed swiftly and instances of slippage are minimal, ensuring that I'm getting the optimal prices for my trades. This level of reliability is a definite confidence booster. Moving on to spreads and commissions, SMART BALANCE offers very competitive rates. Although not the lowest I've encountered, they maintain a decent balance considering the overall service quality. Traders definitely feel the value for money. However, there are a few areas that can be improved. First off, while the trading platform itself is robust, the graphical interface could use a modern overhaul to make it more appealing and easier to understand. Secondly, while the account opening process is thorough to maintain security, I found it somewhat convoluted and time-consuming. The process could certainly be streamlined for better user experience.

Neutral

2023-12-01

FX1524183292

Netherlands

The platform is not just a tool but a complete command-center allowing you to execute trades in currencies, commodities, and indices efficiently. With advanced charting capabilities, a wide range of indicators and smart order management tools, you can design your trade strategy and execute it with one click.

Neutral

2023-11-30

5
Website
Company Summary
Disclosure
Review

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Official website

Website

  • smartbalance.pro

    Server Location

    United States

    Website Domain Name

    smartbalance.pro

    Server IP

    172.67.174.144

Company Summary

SMART BALANCE Review Summary
Founded2023
Registered Country/RegionUnited Kingdom
RegulationFinCEN
Market InstrumentsForex, indices, commodities, cryptos
Demo AccountNot mentioned
LeverageUp to 1:400
EUR/ USD SpreadFrom 0.0 pips
Trading PlatformTradingView
Minimum Deposit$1,000
Customer Support24/7 Email: support@smartbalance.pro

SMART BALANCE Information

SMART BALANCE is a UK-based company that was founded within the last year and is regulated by the FinCEN. SMART BALANCE offers a wide range of market instruments on their TradingView trading platform. With flexible leverages and highly competitive spread from 0.0 pips , SMART BALANCE allows traders to amplify their market exposure. Customer support is available around the clock via email at support@smartbalance.pro.

SMART BALANCE's homepage

Pros & Cons

ProsCons
  • Regulated by FinCEN
  • Limited range of payment options
  • Competitive spreads
  • High minimum deposit
  • Flexible leverage
  • Incomplete web page functionality
  • Limited contact channels

Pros of SMART BALANCE:

- Regulated by FinCEN: SMART BALANCE is regulated by the Financial Crimes Enforcement Network, which provides some level of oversight and compliance to ensure adherence to anti-money laundering regulations.

- Competitive spreads: SMART BALANCE offers competitive spreads from 0.0 pips, which can be beneficial for traders looking for cost-effective trading opportunities.

- Flexible leverage: SMART BALANCE provides flexible leverage for different instruments, allowing traders to potentially amplify their trading positions and potentially increase their profits.

Cons of SMART BALANCE:

- Limited range of payment options: SMART BALANCE has a limited range of payment options with only two ways provided, which will restrict some traders' preferred methods of depositing and withdrawing funds.

- High minimum deposit: SMART BALANCE requires a high minimum deposit of $1,000, which poses a barrier for traders with smaller budgets or those who prefer to start with a lower initial investment.

- Incomplete web page functionality: The web page functionality of SMART BALANCE is incomplete due to many blocked pages, suggesting that there are limitations or missing features that could impact the user experience and convenience.

- Limited contact channels: SMART BALANCE offers limited communication channels with only email, which limit the availability of immediate assistance or the preferred method of contacting customer support.

Is SMART BALANCE Legit?

SMART BALANCE's registration with FinCEN and possession of a Crypto-Licence (License No. 31000257328052) indicate that they operate under regulatory oversight and follow certain compliance procedures. This can be seen as a positive aspect in terms of the company's credibility and commitment to adhering to financial regulations.

regulated by FinCEN

Moreover, the claim of offering protection measures such as segregation of accounts and working with world-leading fintech industries can indicate a focus on security and risk management.

protection measures

However, while these factors suggest a higher level of legitimacy, they do not guarantee absolute safety. It is always recommended to exercise caution when engaging in any financial activities and to conduct thorough research before making decisions.

Market Instruments

SMART BALANCE offers a wide range of trading instruments across various asset classes, including:

  • Forex: This includes major currency pairs like USD/EUR, USD/JPY, and GBP/USD, among others.
  • Commodities: Trading commodities with SMART BALANCE gives you access to some of the most popular commodities like gold, silver, oil, and natural gas.
  • Indices: SMART BALANCE offers trading on some of the most well-known indices across global markets, including NASDAQ, S&P 500, and FTSE 100.
  • Cryptocurrency: Trading in cryptocurrencies is also available with SMART BALANCE, and some of the popular options include Bitcoin, Litecoin, and Ethereum.
Market Instruments

How to Open an Account?

To open an account with SMART BALANCE, follow these steps:

  • Fill in the required information: Enter your email, mobile number, English name, and create a password. Confirm the password by reentering it.

    fill in required info
  • Select Nationality: Choose your nationality from the available options.
  • Provide Resident Address: Enter your residential address in the designated field.
  • Verification: Enter your real name and select the type of identity document (e.g., ID Card).
  • Upload ID document: Upload images of the front and back side of your ID card as part of the verification process.

Leverage

SMART BALANCE offers different leverage levels for various trading instruments. The maximum leverage provided is 1:400 for forex, 1:200 for commodities, 1:100 for US oil and Brent oil, and indices, and 1:5 for cryptocurrencies.

Trading InstrumentMaximum Leverage
Forex1:400
Commodities1:200
US Oil/Brent Oil/Indices1:100
Cryptocurrencies1:5

Leverage is a tool that allows traders to control larger positions in the market using a smaller amount of capital. It can amplify potential profits, but it also increases the risk of losses. High leverage can lead to significant gains if the trades are successful, but it also means that losses can accumulate quickly if the market moves against the trader.

Leverage

Spreads & Commissions

SMART BALANCE offers competitive spreads, starting from 0.0 pips, which indicates that the difference between the buy and sell price of a particular instrument is minimal. This can be advantageous for traders, as narrower spreads can potentially reduce the overall cost of trading and improve the potential for profit. It is worth noting that tight spreads are particularly beneficial for short-term traders and scalpers who aim to capitalize on small price movements in the market.

Trading Platform

SMART BALANCE provides its clients with access to the TradingView platform, a highly regarded and widely used trading platform. TradingView offers a user-friendly interface with advanced charting tools, technical analysis indicators, and a range of customization options. The platform is available for both Windows and mobile devices, ensuring that traders can access the markets and manage their positions from their preferred devices, whether it's a desktop, smartphone, or tablet. With TradingView, SMART BALANCE clients can benefit from real-time market data, customizable charts, and the ability to execute trades directly from the platform.

TradingView

Deposits & Withdrawals

SMART BALANCE offers two funding methods for depositing funds to your trading account: Bank Wire Transfer (International EFT) and Cryptocurrency.

Bank Wire Transfer is a traditional method that allows clients to transfer funds from their bank account to their trading account. This process typically takes 2-5 business days for the funds to reflect in the trading account. The available currencies for bank wire transfers include USD, GBP, EUR, AUD, and NZD. This method is suitable for clients who prefer traditional banking channels and are comfortable with longer processing times.

On the other hand, SMART BALANCE also accepts cryptocurrency deposits, allowing clients to fund their trading account using cryptocurrencies such as USDT (Tether) and BTC (Bitcoin). This method offers faster processing times, with deposits typically credited within 24 hours. Cryptocurrency deposits provide convenience for clients who prefer the speed and security associated with digital assets.

The broker charges $0 deposit fee.

Deposits methods

The method to withdraw funds from your SMART BALANCE trading account is unavailable due to the blocked “How to Withdraw” page. Traders can directly contact the company so that they will be able to provide you with alternative methods or instructions on how to proceed with your withdrawal request.

Customer Service

Email: support@smartbalance.pro (24/7)

Address: South Bank Tower, 55 Upper Ground, London SE19EY

Conclusion

Overall, SMART BALANCE is regulated by FinCEN, reflecting its adherence to financial regulations. It provides access to a diverse range of trading instruments and offers competitive trading conditions. While SMART BALANCE provides competitive spreads and flexible leverage, there are some drawbacks to consider. These include a limited range of payment options, a high minimum deposit requirement, incomplete web page functionality, and limited communication channels.

Ultimately, individuals considering SMART BALANCE should carefully evaluate these factors and conduct their own research to determine if the company's offerings align with their trading needs and preferences. It is important to weigh the advantages and disadvantages before making a decision.

Q&A

Is SMART BALANCE regulated?

Yes. It is regulated by FinCEN.

How can I contact the customer support team at SMART BALANCE?

You can contact via email: support@smartbalance.pro.

What platform does SMART BALANCE offer?

It offers TradingView.

What is the minimum deposit for SMART BALANCE?

The minimum initial deposit to open an account is $1,000.

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

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