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TradeSmart is a forex broker located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).
TradeSmart accepts clients from all over the world, excluding some countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
| 45+ Currency Pairs | Based on major and minor world currencies. |
| 8 Crypto Pairs | Based on Bitcoin, Ethereum, Litecoin, Solana, Ripple. |
| 15 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 8 Metal CFDs | Based on Gold, Silver, Platinum, Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 50+ Stock CFDs | Based on shares of top-rated US companies. |
TradeSmart is an offshore-registered forex broker that offers exceptionally high leverage with competitive and low spreads across most trading instruments. The broker accepts clients from nearly all countries in the world, and allows traders to fund their accounts with crypto if they so choose.
Although TradeSmart is officially registered and regulated offshore in Saint Lucia, its actual physical office is located in Sofia, Bulgaria. However, it's important to keep in mind that this forex broker is not regulated anywhere in the EU, which means that clients will be left mostly on their own in case the broker for example goes bankrupt or a dispute arises.
The instruments that can be traded include everything from forex, to crypto, US-listed single stocks, commodities and stock indices. The offering, in other words, covers most asset classes, although an even greater selection of stocks and crypto pairs would make it even more appealing. Other assets that we would also like to see added in the future include government bonds and exchange-traded funds (ETFs).
As with most forex brokers we have reviewed here on FX-List, the assets offered by TradeSmart are offered as contracts-for-difference (CFDs). These are a type of derivatives that makes it very easy to trade assets with high leverage and little margin on both the long and short side.
When it comes to trading platforms, the choice is pretty easy with TradeSmart, with only MetaTrader 5 (MT5) currently being supported. This is a well-known trading platform that most retail forex traders have at least some experience with, and the platform has certainly stood the test of time since its release in 2010. As usual, MT5 is available in its standard downloadable version for Windows and Mac computers, as well as in a web version and in mobile versions for Apple and Android devices.
During the sign-up process with TradeSmart, new clients will be given the choice between four types of trading accounts. At time of this review, these are:
– Micro Account, with a $50 minimum deposit, spreads from 0.7 pips and no commissions
– Standard Account, with a $300 minimum deposit, spreads from 0.7 pips and no commissions
– Raw Account, with a $300 minimum deposit, spreads from 0 pips and commissions of $2 per side
– VIP Account, with a $10,000 minimum deposit, spreads from 0 pips and commissions of $1 per side
All accounts give access to the full range of trading instruments, and (except for the Micro Account) are also available in “7-day swap-free” versions.
TradeSmart offers customer support 24 hours a day on all working days, which is something we of course always appreciate. The broker's support team can be reached via email, live chat, or a Bulgarian phone number.
In conclusion, we see TradeSmart as a forex broker that offers most of the things retail traders are looking for. Access to a wide range of tradable assets and support for the classic MT5 platform can certainly be counted as positives for this broker, although the offshore registration perhaps is a negative for some potential clients.
ATTENTION! ATTENTION! (⌐■_■)
If you can't find your country on the registration page in the "Country of Residence" menu, just scroll down the list and select 'Other'.
