The binary option broker SmartDengi takes its name from a Russian slang word for cash, which makes sense as the primary target demographic for this broker is the Russian-speaking community. And while the English-language, international portion of SmartDengi.com is a little sparse compared to its Russian brother, there are some very positive points about this broker which merit consideration by traders from across the globe.
Software and Features
As Smart Dengi is operated by Hortense Holdings Limited, they utilize the same advanced SpotOption platform found on Hortense’s other sites. This platform is fast, simple, and extraordinarily flexible, providing an excellent trading environment. Mobile trading is also supported. New traders can learn how to use the platform and trade through the educational articles and videos found on SmartDengi.com while experienced traders will find the news feed and the market recaps useful for crafting strategies. Live chat support seems to currently be available only in Russian, though English is supported over the telephone and via email.
Option Types Offered
Only around 60 underlying assets in the forms of stocks, commodities, currencies, and indices were available at the time of our SmartDengi review. That should be more than enough for most traders, though, as there are plenty of different option types available including high/low options, 60-second options, and one-touch options. An Option Builder allows traders to craft custom options while the Pro Trader feature features trading of open positions straight from a live chart where they can be extended or sold early. Returns are disappointingly low, with in-the-money trades only reaching 75% profits, max. On the plus side, all losing trades offer a 5%-10% rebate.
Account Types Offered
In order to get the most account benefits and qualify for the SmartDengi bonus, new customers at Smart Dengi should contact customer support before making their first deposit. Depending on the size of the deposit, traders may be eligible to get a first deposit bonus as well as other account benefits such as expedited withdrawals, individual account management, and even higher returns. All banking transactions are secured by SSL encryption technology. Both deposits and withdrawals are possible using major credit cards, wire transfers, or e-wallets such as Moneybookers.
While some aspects of SmartDengi like the lower average payout or the lack of a demo account are disappointing, these negatives are offset by the positive aspects of SmartDengi.com such as the variety of deposit methods and the extremely fast and powerful trading platform. It remains to be seen if Smart Dengi is able to improve and build a global following, but right now the foundation of a great broker is already in place.