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Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

tradesmart

Saint Lucia Saint Lucia | 2-5 years |
Suspicious Regulatory License | MT5 Full License | Regional Brokers | High potential risk

https://www.tradesmart.com/

Website

Rating Index

MT4/5 Verification

MT4/5

Full License

TradeSmart-Server01

United Kingdom
United Kingdom
MT5
2

Influence

C

Influence Index NO.1

United States United States 3.35

MT4/5 Verification

MT4/5 Verification

Full License

2
Server Name
TradeSmart-Server01MT5
Server LocationUnited KingdomUnited Kingdom

Influence

Influence

C

Influence Index NO.1

United States United States 3.35
Surpassed 18.60% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+359 24963327
https://www.tradesmart.com/
Meridian Place, Choc Estate, Castries, Saint Lucia

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region
Saint Lucia
Operating Period
2-5 years
Company Name
TradeSmart Capital Limited
Email
support@tradesmart.com
Contact Number
+35924963327
Account Info
Related Personnel
Business Region
Verified Site
About Us
Wiki Q&A
Comment
MT4/5
Full License MT5
Full License MT5
0
MT4 Servers
1
MT5 Servers
161.50
velocityIcon
Average Execution Speed/ms

Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.

Meta Trader 5
Meta Trader 5
Perfect

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Official Website

Verified Site

  • tradesmart.com
    104.21.95.146
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

TradeSmart Review Summary
Founded1996
Registered Country/RegionSaint Lucia
RegulationNot Regulated
Market InstrumentsForex, Indices, Commodities, Stocks, and Cryptocurrencies
Demo AccountNot Mentioned
LeverageUp to 1:2000
SpreadStarting from 0 pips
Trading PlatformMT5
Min Deposit$50
Customer Support+359 2 496 3327
support@tradesmart.com, info@tradesmart.com
24/7 live chat

TradeSmart Information

TradeSmart is an unregulated broker offering trading on MT5 with over 100 instruments, including forex, indices, commodities, stocks, and cryptocurrencies. They provide four account types with varying leverage up to 1:2000, spreads starting from 0 pips, and commission structures. The minimum deposit is $50, and Confirmo deposits are fee-free and instant.

TradeSmart Information

Pros and Cons

ProsCons
  • Supports MT5
  • Unregulated Broker
  • High leverage up to 1:2000
  • Commission on Raw and VIP Accounts
  • Provides four account options
  • Limited deposit/withdrawal methods shown

Is TradeSmart Legit?

TradeSmart is an unregulated broker. The domain name tradesmart.com on WHOIS was registered on May 31, 1996; updated on May 30, 2024; and will expire on May 30, 2025. Its present state is “client transfer prohibited”.

Is TradeSmart Legit?

What Can I Trade on TradeSmart?

TradeSmart offers over 100 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies. Their range of CFD instruments provides diverse trading opportunities.

Tradable InstrumentsSupported
Forex
Commodities
Stock
Indices
Cryptocurrency
Shares
Metals
What Can I Trade on TradeSmart?

Account Type

TradeSmart offers four account types, including Micro, Standard, Raw, and VIP:

FeatureMicro AccountStandard AccountRaw AccountVIP Account
Trading PlatformsMetaTrader 5MetaTrader 5MetaTrader 5MetaTrader 5
Market ExecutionYesYesYesYes
Spreads from0.70.700
FX Commission (per lot)ZeroZero$2 ($4 round turn)$1 ($2 round turn)
Min. Deposit$50$300$300$10,000
Max Leverage1:20001:5001:5001:500
Micro Lot TradingYesYesYesYes
Max Lot Size per order5505080
Stop Out Level20%20%20%20%
Min Stop Distance0000
7-day swap-freeNoYesYesYes
Free FundingYesYesYesYes
VPS AvailableYesYesYesYes
Negative Balance ProtectionYesYesYesYes
Personal Account ManagerNoNoNoYes
Base CurrencyUSD/EURUSD/EURUSD/EURUSD/EUR
EA/Scalping/Hedging/News Trading AllowedYesYesYesYes
Available Markets100+ products in FX, Indices, Crypto, Commodities and Stocks100+ products in FX, Indices, Crypto, Commodities and Stocks100+ products in FX, Indices, Crypto, Commodities and Stocks100+ products in FX, Indices, Crypto, Commodities and Stocks
Account Type

Leverage

TradeSmart provides varying maximum leverage across its account types, with the Micro account offering up to 1:2000, while the Standard, Raw, and VIP accounts offer up to 1:500.

FeatureMicro AccountStandard AccountRaw AccountVIP Account
Max Leverage1:20001:5001:5001:500
Leverage

TradeSmart Fees

TradeSmart offers spreads starting from 0.7 pips on Micro and Standard accounts with no FX commission, while Raw and VIP accounts feature tighter spreads from 0 pips with commissions of $2 and $1 per lot, respectively. Additionally, Standard, Raw, and VIP accounts offer 7-day swap-free trading.

FeatureMicro AccountStandard AccountRaw AccountVIP Account
Spreads from0.70.700
FX Commission (per lot)ZeroZero$2 ($4 round turn)$1 ($2 round turn)
7-day swap-freeNoYesYesYes

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT5PC and MobileInvestors of all experience levels
Trading Platform

Deposit and Withdrawal

TradeSmart requires a minimum deposit of $50 for Micro Accounts, with no deposit fees.

Deposit Options

Deposit OptionsMin. DepositFeesProcessing Time
Confirmo50 USD/EURCovered by TradesmartInstant
 Deposit Options

Withdrawal Options

Withdrawal OptionsMin. WithdrawalFeesProcessing Time
Confirmo15 USD/EURN/A1-2 business days
Withdrawal Options

Company Profile

  • 2-5 years
  • Suspicious Regulatory License
  • MT5 Full License
  • Regional Brokers
  • High potential risk

Wiki Q&A

Is TradeSmart a regulated broker?

TradeSmart Capital Limited operates without regulation from any recognized financial authority, representing a high-risk profile for traders. The broker is registered in Saint Lucia, a jurisdiction that does not provide active oversight or enforce the client fund protections common with major regulators like the FCA or ASIC.

04-02
United States

Where is TradeSmart registered?

TradeSmart Capital Limited is registered in Saint Lucia and has been in operation for 2-5 years. The firm offers trading in over 100 products across Forex, indices, cryptocurrencies, commodities, and stocks via the MetaTrader 5 platform.

04-02
United States

What account types does TradeSmart offer?

TradeSmart offers four main account types: a Micro account with a $50 minimum deposit and leverage up to 1:2000, a Standard account from $300 with 1:500 leverage, a Raw account from $300 with spreads from 0.0 pips and 1:500 leverage, and a VIP account requiring a $10,000 deposit with spreads from 0.0 and 1:400 leverage. All accounts support scalping, hedging, and automated trading via Expert Advisors (EAs).

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States
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