Question 1

Which countries are not allowed?

Accepted Answer

USA is not allowed per the Dodd-Frank Act. Other countries or personnel subject to the Dodd-Frank Act may also be restricted.

Question 2

What are Smart Profit FX costs and fees?

Accepted Answer

SmartProfitFX does not charge fees on FX or CFD products, although fees may apply to open positions held overnight.

Question 3

What leverage options does Smart Profit FX offer?

Accepted Answer

Leverage options vary depending on which Eightcap entity your account is under.

Question 4

Can I trade using EA or other trading robots?

Accepted Answer

Yes. EA use is allowed on Eightcap-powered trading platforms, though SmartProfitFX does not provide support for third-party automated strategies.

Question 5

Does Smart Profit FX allow scalping and hedging?

Accepted Answer

Yes. SmartProfitFX allows scalping and hedging.

Question 6

What platforms does Smart Profit FX provide?

Accepted Answer

SmartProfitFX account access is powered by Eightcap, which provides popular trading platforms and mobile platform access.

Question 7

Is SmartProfitFX regulated?

Accepted Answer

No. SmartProfitFX itself is not a regulated broker and does not claim to be. Your account and funds sit with Eightcap, which is regulated by ASIC (AFSL 391441), the FCA (FRN 921296) and CySEC (246/14). You can check those licences on the public registers yourself. Full detail and verification steps are in the SmartProfitFX review at /brokers/smartprofitfx-review.

Question 8

Is SmartProfitFX legit?

Accepted Answer

SmartProfitFX is not a broker itself and does not claim to be. When you sign up you open an account directly with an Eightcap entity, and your funds sit with Eightcap, which is regulated by ASIC, the FCA and CySEC. The rating sites that call it unlicensed are scoring the sign-up brand, not the regulated broker your account is actually with. See the full SmartProfitFX review at /brokers/smartprofitfx-review for how to verify every claim.

Question 9

Is SmartProfitFX a scam?

Accepted Answer

No. The scam labels on sites like WikiFX and FastBull come from automated licence lookups that find no broker licence under the SmartProfitFX name, because Smart Profit FX LLC is not a broker. Neither site cites any complaint, victim or regulator action, and the only user comments on WikiFX's own listing are positive. Your money is held by Eightcap, a regulated broker. See the full explanation in the SmartProfitFX review at /brokers/smartprofitfx-review.

Frequently Asked Questions