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Tradesmarter

Singapore|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.tradesmarter.com

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Japan 3.03

Surpassed 40.72% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

whitelabels@tradesmarter.com
https://www.tradesmarter.com
1 Raffles Quay, Singapore 048583
https://www.facebook.com/TradesmarterHoldings/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

Tradesmarter Holdings Singapore Branch Ltd

Company Abbreviation

Tradesmarter

Platform registered country and region

Singapore

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Tradesmarter · Company Summary

Aspect Information
Company Name Tradesmarter
Registered Country/Area Singapore
Founded year 2008
Regulation Unregulated
Minimum Deposit 0
Maximum Leverage 1:500
Spreads 0.5 pips
Trading Platforms WOW Trader
Tradable assets Forex,Commodities,Stocks,Indices and Cryptocurrencies
Account Types Light accounts, basic accounts, and pro accounts
Customer Support Phone: +66 (0)9-2729-5210,Email: whitelabels@tradesmarter.com
Deposit & Withdrawal Credit/debit cards,Bank transfers,Cryptocurrency, PayPal and Skrill
Educational Resources Webinars, video tutorials, market analysis, and trading strategies

Overview of Tradesmarter

Tradesmarter is a b2b technology provider (Founded in 2008), offering state of the art mobile-web trading platform for the retail FX & Derivatives trading industry. The platform offers simplified trading experience on forex currency trading, Exchange Traded Funds (ETFs), online stocks and Digital Options. Tradesmarter are headquartered in Singapore, the main support office in Bangkok. Tradesmarter offers a user-friendly interface both on web & mobile apps.

Overview of Tradesmarter

Is Tradesmarter legit or a scam?

Tradesmarter is not regulated by any regulatory authority, which may raise concerns about the transparency and oversight of the exchange.

Unregulated exchanges lack the oversight and legal protections provided by regulatory authorities. This can lead to a higher risk of fraud, market manipulation, and security breaches. Without proper regulation, users may also face challenges in seeking recourse or resolving disputes. Additionally, the absence of regulatory oversight can contribute to a less transparent trading environment, making it difficult for users to assess the legitimacy and reliability of the exchange.

Pros and Cons

Tradesmarter provides access to a broad spectrum of trading instruments, including Forex, Commodities, Stocks, Indices, and Cryptocurrencies. The platform also offers a wealth of educational materials, including webinars, tutorials, and market analysis, empowering traders to enhance their skills.

However, while Tradesmarter typically offers smooth deposit and withdrawal processes, occasional delays can occur due to factors beyond their control.

Pros Cons
Diverse Market Instruments: Unregulated
User-Friendly Platform Deposits and Withdrawal delay
Educational Resources
Efficient Customer Support
Competitive Leverage and Spreads

Market Instruments

Tradesmarter's robust offering of market instruments includes:

  • Forex: Access to a wide array of currency pairs, allowing traders to engage in Forex trading with ease.

  • Commodities: Trade commodities such as oil, gold, and metals, offering diversification opportunities.

  • Stocks: Invest in shares of some of the world's most renowned companies, including tech giants like Apple, Amazon, and Microsoft.

  • Indices: Trade CFDs on major global indices, tracking the performance of financial markets worldwide.

  • Cryptocurrencies: Speculate on the price movements of popular cryptocurrencies, including Bitcoin and Ethereum.

Market Instruments

Account Types

Tradesmarter offers a range of account types designed to cater to diverse trading preferences and experience levels. These include light accounts, basic accounts, and pro accounts. Traders can choose an account that aligns with their goals and risk tolerance.

Light accounts Basic accounts Pro accounts
Leverage Up to 1:500 Up to 1:500 Up to 1:500
Spread start from 0.1 pips start from 0.1 pips start from 0.1 pips
Trading Platforms WOW TRADER and WOW MANGER WOW TRADER and WOW MANGER WOW TRADER and WOW MANGER
Support Account Management via Freshdesk Account Management via Freshdesk Support24/7 Emergency Support Account Management via Freshdesk24/7 Emergency SupportSupport via Skype
Account Types

How to Open an Account?

Visit the Tradesmarter Website: Start by accessing the official Tradesmarter website.

  • Registration: Click on the “Sign-Up” or “Register” button and complete the registration form with your personal information.

  • Verification: Verify your identity as required by the platform. This typically involves providing identification documents and proof of address.

  • Select an Account Type: Choose the account type that suits your trading preferences and goals.

  • Deposit Funds: Fund your trading account using your preferred payment method.

  • Begin Trading: Access the Tradesmarter trading platform, explore the available assets, and execute your trades with confidence.

  • Open an Account

    Leverage

    Tradesmarter offers leverage of up to 1:500 on forex and 1:200 on other assets. This means that you can control a position worth up to 500 times your initial deposit. Leverage can amplify your profits, but it can also amplify your losses, so it is important to use it carefully.

    Leverage

    Spreads & Commissions

    Tradesmarter offers tight spreads on all assets. The spreads on forex majors start from 0.1 pips, and the spreads on other assets start from 0.5 pips. Tradesmarter charges a commission on all trades executed on its platform. The commission varies depending on the asset being traded and the type of order placed. For example, the commission for spot trading is 0.1%, and the commission for margin trading is 0.05%.

    Here is a table summarizing the leverage, spreads, and commissions offered by Tradesmarter on some popular assets:

    Asset Leverage Spreads Commission
    EUR/USD 1:500 0.1 pips 0.10%
    GBP/USD 1:500 0.2 pips 0.10%
    USD/JPY 1:500 0.3 pips 0.10%
    Gold 1:200 0.5 pips 0.05%
    Bitcoin 1:200 1.0 pips 0.05%

    Trading Platform

    Tradesmarter provides an all-in-one proprietary trading platform called WOW Trader, which customize users' trading platform with over 100 assets, a wide array of financial products, and unique features (including user account level access and benefits).

    Trading Platform

    Tradesmarter also provided mobile trading app for users.

    Trading Platform

    Deposit & Withdrawal

    Tradesmarter offers a variety of payment methods to fund your trading account, including:

    • Credit/debit cards (Visa and Mastercard)

    • Bank transfers

    • Cryptocurrency (Bitcoin, Ethereum, Tether, and more)

    • Third-party payment processors (such as PayPal and Skrill)

    Tradesmarter has no minimum deposit requirement. This means that you can open an account and start trading with any amount of money. Tradesmarter charges a variety of fees for different types of transactions. Here is a summary of some of the most common fees:

    • Deposit fees: Tradesmarter does not charge any fees for deposits made via bank transfer or cryptocurrency. However, there may be fees charged by the third-party payment processor if you deposit using a credit/debit card or third-party payment processor.

    • Withdrawal fees: Tradesmarter charges a fee for all withdrawals, regardless of the payment method used. The withdrawal fee varies depending on the asset being withdrawn and the withdrawal method used. For example, the withdrawal fee for Bitcoin is 0.0005 BTC, and the withdrawal fee for Tether is 0.2 USDT.

    Customer Support

    Tradesmarter takes pride in its customer support team, available to assist traders around the clock. You can reach out to them via various channels, including email, live chat, and phone.

    Phone: +66 (0)9-2729-5210

    Email: whitelabels@tradesmarter.com

    Customer Support

    Educational Resources

    Tradesmarter is committed to trader education, offering a comprehensive suite of educational resources. These include webinars, video tutorials, market analysis, and trading strategies. Traders can enhance their skills and stay informed about market developments through these resources.

    Educational Resources

    Conclusion

    Tradesmarter emerges as a competitive player in the online trading industry, offering traders a wide range of financial instruments, competitive trading conditions, educational resources, and responsive customer support. However, it's essential for traders to conduct their due diligence, considering regulatory factors and other considerations based on their individual circumstances, before engaging in trading activities.

    FAQs

    Q: Is Tradesmarter regulated?

    • A: The regulatory status of Tradesmarter may vary depending on your location and regulatory changes. It's crucial to verify their current regulatory standing before trading.

    Q: What is the minimum deposit requirement?

    • A: The minimum deposit requirement on Tradesmarter may differ based on the selected account type. Refer to their website for specific details.

    Q: Can I access Tradesmarter's platform on mobile devices?

    • A: Yes, Tradesmarter offers mobile trading options, allowing traders to access the platform on the go.

    Q: Are demo accounts available?

    • A: Yes, Tradesmarter typically provides demo accounts, allowing traders to practice and become familiar with the platform before engaging in real trading with actual funds.

News

TradingView's Charting Tool Is Now Integrated Into Wow Trader By TRADESMARTER

NewsTradingView's Charting Tool Is Now Integrated Into Wow Trader By TRADESMARTER

2022-11-30 17:49

​Trading technology company Tradesmarter has collaborated with TradingView, a charting and social network platform, to incorporate the latter's charting capability into Wow Trader, its white-label trading solution platform.

WikiFX
2022-11-30 17:49
News
TradingView's Charting Tool Is Now Integrated Into Wow Trader By TRADESMARTER

User Reviews

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LaLa123
more than one year
I can say that Tradesmarter, being based in Singapore, hosts a wide array of trading assets - Forex, Commodities, Stocks, Indices, and Cryptocurrencies. They've been around since 2008, which might imply some level of reliability. However, their lack of regulation does raise some security concerns. They offer high leverage of up to 1:500, along with a zero minimum deposit requirement. Their various deposit and withdrawal options - Credit/debit cards, Bank transfers, Cryptocurrency, PayPal, and Skrill - offer flexibility for traders. While their diverse account types and extensive educational resources do elevate the user experience, the lack of regulation remains a significant concern for me.
2023-12-13 15:21
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三疯子
more than one year
I found out that they don't offer a demo account. This was disappointing for me because I prefer to practice trading with virtual money before risking my own. Without a demo account, I don't feel confident in my abilities and I'm not willing to invest my hard-earned money without the necessary preparation.
2023-03-24 14:24
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FX1256224482
more than one year
As a professional trader, I can recommend this platform to everyone. There were no such platforms that would offer such fantastic services when I initially started trading.
2023-02-22 17:25
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