AutoSmarttrades is a Contract for Difference (CFD) broker based in the United States, with its headquarters located in New York. The company primarily offers CFD trading services in forex, indices, commodities, stocks, and more. The official website for this broker is https://autosmarttrades.net/, with English language support. According to Whois information, the domain for AutoSmarttrades' official website was registered on November 1,2022, which is less than a year ago.
Company Background:
AutoSmarttrades is an online broker established in the United States. However, specific information about the registered entity, founding date, company directors, and other details is not publicly available through online searches. Additionally, the domain for AutoSmarttrades' official website was registered in November 2022 and is set to expire in November 2023.
Regulatory Status:
AutoSmarttrades is not regulated by any regulatory authority. This lack of regulation may result in potentially lower levels of asset security, investor protection, and risk mitigation compared to regulated brokers. Investors should exercise caution when considering the services of this broker to safeguard their financial interests.
Trading Products:
AutoSmarttrades offers a variety of financial instruments for user trading, including:
Forex: Providing opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to speculate on the price movements of one currency relative to another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
Indices: Index CFDs enable investors to trade based on the price performance of market indices without the need to buy or sell the actual constituent stocks or assets.
Commodities: Commodity CFDs allow investors to potentially profit from price fluctuations in raw materials and resources. Commodities can include crude oil, copper, iron ore, and more. These CFDs allow investors to participate in various commodity markets without physically owning the commodities.
Stocks: Traders can engage in CFD trading of stocks from different companies, including well-known firms like Apple, Microsoft, Amazon, and others. This enables investors to participate in the market without owning the actual stocks.
These products not only offer investors access to different financial markets but also allow for risk management through diversified portfolios.
Trading Software:
AutoSmarttrades provides a trading software called "ExpertOption" for user use. This software is compatible with various platforms and systems, including Web, Windows, MacOS, iPhone, iPad, and Android. Investors can choose the operating system or platform that suits their needs and preferences.
Account Registration:
The AutoSmarttrades official website provides an account registration link and does not offer registration for demo accounts. The registration process involves the following steps:
Open the AutoSmarttrades official website and click on "SIGN UP" in the upper right corner.
Fill in the required information, such as email and password, to complete the account registration.
Account Types:
AutoSmarttrades offers four account types, including:
- STARTER Account (Minimum deposit $500)
- SILVER Account (Minimum deposit $5,000)
- GOLD Account (Minimum deposit $10,000)
- PLATINUM Account (Minimum deposit $50,000)
Users can choose different account types based on their trading needs.
Spreads and Leverage:
AutoSmarttrades does not provide detailed information about spreads, commissions, minimum trade sizes, but it offers a maximum leverage of 1:5000. High leverage can potentially carry significant risks, including the risk of fraud and emotional stress. Before engaging in high-leverage forex trading, investors should receive adequate education, understand market mechanisms, and carefully consider their investment goals and risk tolerance.
Deposits and Withdrawals:
AutoSmarttrades supports various digital currencies for deposits and withdrawals, allowing investors to choose the method that suits their circumstances.
Customer Support:
Investors can access AutoSmarttrades'24/5 customer service through phone and email. In case of urgent inquiries, they can engage in real-time communication with the broker via phone.
Summary:
AutoSmarttrades offers users trading opportunities in various financial products. However, the domain for the broker's official website is set to expire, and information regarding trading account spreads, commissions, and regulation is not provided. Currently, this broker has been flagged as "suspected of fraud" on TraderKnows. Users should exercise caution when considering the services provided by this company, ensuring the safety of their financial assets and avoiding potential scams.
