Company Summary
| TradeSmart Review Summary | |
| Founded | 1996 |
| Registered Country/Region | Saint Lucia |
| Regulation | Not Regulated |
| Market Instruments | Forex, Indices, Commodities, Stocks, and Cryptocurrencies |
| Demo Account | Not Mentioned |
| Leverage | Up to 1:2000 |
| Spread | Starting from 0 pips |
| Trading Platform | MT5 |
| 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.
Pros and Cons
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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”.
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 Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stock | ✔ |
| Indices | ✔ |
| Cryptocurrency | ✔ |
| Shares | ❌ |
| Metals | ❌ |
Account Type
TradeSmart offers four account types, including Micro, Standard, Raw, and VIP：
| Feature | Micro Account | Standard Account | Raw Account | VIP Account |
| Trading Platforms | MetaTrader 5 | MetaTrader 5 | MetaTrader 5 | MetaTrader 5 |
| Market Execution | Yes | Yes | Yes | Yes |
| Spreads from | 0.7 | 0.7 | 0 | 0 |
| FX Commission (per lot) | Zero | Zero | $2 ($4 round turn) | $1 ($2 round turn) |
| Min. Deposit | $50 | $300 | $300 | $10,000 |
| Max Leverage | 1:2000 | 1:500 | 1:500 | 1:500 |
| Micro Lot Trading | Yes | Yes | Yes | Yes |
| Max Lot Size per order | 5 | 50 | 50 | 80 |
| Stop Out Level | 20% | 20% | 20% | 20% |
| Min Stop Distance | 0 | 0 | 0 | 0 |
| 7-day swap-free | No | Yes | Yes | Yes |
| Free Funding | Yes | Yes | Yes | Yes |
| VPS Available | Yes | Yes | Yes | Yes |
| Negative Balance Protection | Yes | Yes | Yes | Yes |
| Personal Account Manager | No | No | No | Yes |
| Base Currency | USD/EUR | USD/EUR | USD/EUR | USD/EUR |
| EA/Scalping/Hedging/News Trading Allowed | Yes | Yes | Yes | Yes |
| Available Markets | 100+ products in FX, Indices, Crypto, Commodities and Stocks | 100+ products in FX, Indices, Crypto, Commodities and Stocks | 100+ products in FX, Indices, Crypto, Commodities and Stocks | 100+ products in FX, Indices, Crypto, Commodities and Stocks |
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.
| Feature | Micro Account | Standard Account | Raw Account | VIP Account |
| Max Leverage | 1:2000 | 1:500 | 1:500 | 1:500 |
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.
| Feature | Micro Account | Standard Account | Raw Account | VIP Account |
| Spreads from | 0.7 | 0.7 | 0 | 0 |
| FX Commission (per lot) | Zero | Zero | $2 ($4 round turn) | $1 ($2 round turn) |
| 7-day swap-free | No | Yes | Yes | Yes |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
TradeSmart requires a minimum deposit of $50 for Micro Accounts, with no deposit fees.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Confirmo | 50 USD/EUR | Covered by Tradesmart | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Confirmo | 15 USD/EUR | N/A | 1-2 business days |
