SmartMoney
SmartMoney is a London-based FX brokerage offering high-touch voice execution and an electronic platform (API/GUI) with darkpool liquidity access for institutional clients, operating on a freemium-plus-transaction-fee model and preparing for an institutional funding round.
- Company typePrivate
- Founded-
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What SmartMoney does
SmartMoney (legal entity: Smart Money Dealing Ltd, UK Company Number 14416235) is a London-headquartered FX brokerage targeting institutional clients. The company operates two core products. The 'Execution' product delivers high-touch foreign exchange dealing for intraday trading, benchmark fixing, and resting interest, accessible via Bloomberg Terminal, LSEG Messenger, and traditional voice (hoot & holler) channels. The 'Electronic' product is a brokerage technology platform with API connectivity for automated trading and a standalone GUI for manual execution, with no fees charged for electronic services.
Underlying technology comprises an electronic execution platform built on modern architecture with darkpool liquidity access, anonymity, and counterparty data protection as stated differentiators. The business model is a freemium-plus-transaction-fee hybrid: electronic services generate no fees (with revenue likely captured through spreads or cross-subsidized by other service lines), while voice and high-touch execution are priced on a quote-based, pay-as-you-go basis. Distribution is exclusively enterprise-direct across five institutional channels, supported by a top-tier prime broker relationship.
SmartMoney is privately held and founder-controlled by CEO Alan Scott. The company is UK GDPR compliant, a signatory to the FX Global Code (declared 2023, renewed 2024), and is preparing for an institutional funding round, with strategic advisors Philip Boland (appointed May 2024) and David Woolcock (appointed March 2025) supporting the capital raise and global scaling effort. No revenue, headcount, or prior funding figures are disclosed in available sources.
SmartMoney firmographics
Firmographics- Name
- SmartMoney
- Legal name
- Smart Money Dealing Ltd
- Website
- https://smartmoneydealing.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SmartMoney is a London-based FX brokerage offering high-touch voice execution and an electronic platform (API/GUI) with darkpool liquidity access for institutional clients, operating on a freemium-plus-transaction-fee model and preparing for an institutional funding round.
- Ownership category
- akta.pro rank
SmartMoney industry classification
Industry- Product category
- Institutional Foreign Exchange Brokerage
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Liquidity Aggregation & Smart Order Routing (FSADAJAD)
Keywords
Where SmartMoney is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
SmartMoney business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Electronic Services: SmartMoney does not charge any fees for its electronic services. Revenue may be generated through spreads on electronic executions or cross-subsidized through other service lines.
- Voice/High-Touch Execution: Voice trading services with schedule available on request. Likely generates revenue through spreads or commissions on high-touch execution services for institutional clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Electronic platform - no fees |
| Transaction based/ take rate | Pay-as-you-go | Voice trading services - quote-based |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels4 records
SmartMoney product offering
Product offeringCore offering
SmartMoney is an institutional FX brokerage offering high-touch voice/deal desk execution and an electronic trading platform for foreign exchange transactions. The Execution service handles intraday trading, benchmark fixing, and resting orders via Bloomberg, LSEG Messenger, and traditional voice channels. The Electronic platform provides API connectivity and a standalone GUI for automated or manual trading, with no fees charged for electronic services and access to darkpool liquidity.
Product overview
SmartMoney is an FX brokerage offering two core products: Execution (high-touch voice/deal desk services) and Electronic (electronic trading platform). The Execution service provides high-touch foreign exchange execution via Bloomberg, LSEG Messenger, and traditional methods, handling intraday trading, benchmark fixing, and resting orders. The Electronic platform offers API-based integration or standalone GUI access for electronic execution, with no fees charged for electronic services. Both products are designed to deliver fast, anonymous execution with access to darkpool liquidity for institutional clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Execution High-touch foreign exchange execution services delivered by a team of execution specialists, covering intraday trading, benchmark fixing, and resting interest. Accessible via Bloomberg, LSEG Messenger, or traditional 'hoot & holler' voice methods, with access to rich darkpool liquidity. Targeted at institutional clients and professional traders.
- Electronic Electronic FX trading platform built on cutting-edge technology delivering unparalleled liquidity tailored to client needs. Offers two access methods: API for seamless integration with in-house technology, and a standalone GUI for manual execution. No fees are charged for electronic services. Targeted at institutional clients requiring fast, anonymous electronic execution.
Companies that use SmartMoney
Customer profileSegments1 record
Ideal customer profiles1 record
SmartMoney technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
SmartMoney partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights5 records
SmartMoney competitors and assessment
Company assessmentDirect peers
- Jump Trading: Global non-bank liquidity provider active in FX and other asset classes. Comparable to SmartMoney in providing technology-driven institutional FX execution and dark liquidity access.
- Citadel Securities: Large non-bank liquidity provider operating across multiple asset classes including institutional FX. Comparable to SmartMoney in offering electronic and voice execution with deep liquidity access for institutional clients.
- OANDA: Global FX broker offering institutional and retail execution through proprietary technology. Comparable to SmartMoney in providing API connectivity and electronic execution with global institutional reach.
- FXCM: Established FX broker offering institutional and retail execution services. Comparable to SmartMoney in providing multi-channel FX access via API, GUI, and traditional channels, though with much larger scale and broader client base.
- XTX Markets: Leading non-bank institutional FX market maker with significant FX volumes. Like SmartMoney, XTX provides electronic and high-touch FX execution to institutional clients using technology-driven pricing and liquidity aggregation.
- Sucden Financial: UK-based institutional FX prime of prime and broker offering both electronic and voice execution. Directly comparable to SmartMoney in targeting smaller institutional clients with multi-channel FX access.
- LMAX Exchange: Institutional MTF for FX and other asset classes offering anonymous central limit order book execution. Comparable to SmartMoney's anonymity-focused, technology-driven institutional FX execution model.
Broad incumbents
- TP ICAP: Large interdealer broker with significant institutional FX voice and electronic broking operations. Comparable to SmartMoney as an institutional FX intermediary, though operating at much larger scale across multiple asset classes.
- Refinitiv FX (now LSEG): Institutional FX trading platform and matching engine within LSEG's broader market infrastructure portfolio. Comparable as an institutional FX execution venue with electronic and voice capabilities.
- EBS (CME Group): Major institutional FX trading platform operated by CME Group. Comparable as a venue for institutional FX execution, though broader in scope and serving as established incumbent rather than emerging non-bank broker.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SmartMoney social profiles
Digital presenceSmartMoney compliance and trust
Trust signalCompliance3 records
SmartMoney financial estimates
Financial estimateRevenue estimate
Valuation estimate
SmartMoney leadership team
Management profileNumber of profiles
Profiles3 records
SmartMoney funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SmartMoney M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SmartMoney
What does SmartMoney do?
SmartMoney is an institutional FX brokerage offering high-touch voice/deal desk execution and an electronic trading platform for foreign exchange transactions. The Execution service handles intraday trading, benchmark fixing, and resting orders via Bloomberg, LSEG Messenger, and traditional voice channels. The Electronic platform provides API connectivity and a standalone GUI for automated or manual trading, with no fees charged for electronic services and access to darkpool liquidity.
Is SmartMoney a public or private company?
SmartMoney is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SmartMoney founded?
SmartMoney was founded in -1. It employs 11 to 50 people.
Where is SmartMoney based?
SmartMoney is headquartered in London, United Kingdom, in the Europe region.
How does SmartMoney make money?
Two revenue lines are on record. Electronic Services are the primary driver. The others are voice/High-Touch Execution.
Who are SmartMoney's main competitors?
Direct peers on record are Jump Trading, Citadel Securities, OANDA, FXCM, XTX Markets, Sucden Financial and LMAX Exchange. Broad incumbents are TP ICAP, Refinitiv FX (now LSEG) and EBS (CME Group).
Does SmartMoney have an API?
Yes. SmartMoney offers an API for seamless integration with clients' in-house technology, enabling electronic execution and access to their FX platform. The electronic platform delivers unparalleled liquidity via API connectivity for automated trading operations.
What industry is SmartMoney in?
SmartMoney's product category is Institutional Foreign Exchange Brokerage. Its primary akta.pro industry code is FSADAJAD, Liquidity Aggregation & Smart Order Routing. Its NAICS code is 52321 and its SIC code is 6200.