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Rating Index

Pros

Reliable and customizable trading platform suitable for various financial instruments.

Comprehensive backend services including risk management and compliance monitoring.

Strong customer support with multilingual options and training resources for users.

Cons

Reports of poor customer service and account closure without consent for profitable traders.

Limited advanced charting and technical analysis tools, which may not satisfy experienced traders.

Some users have expressed concerns over the platform's visual layout and overall user experience.

Tradesmarter broker Accounts

Tradesmarter Account Type

Tradesmarter offers a variety of trading accounts to cater to different types of traders, ranging from beginners to advanced investors. The available account types include:

Micro Account

Minimum Deposit: $50
Max Leverage: 1:2000
Spreads: From 0.7
FX Commission: Zero
Max Lot Size per Order: 5
Available Markets: 100+ products in FX, indices, crypto, commodities, and stocks
Trading Platforms: MetaTrader 5
Stop Out Level: 20%
Personal Account Manager: No

Standard Account

Minimum Deposit: $300
Max Leverage: 1:500
Spreads: From 0.7
FX Commission: Zero
Max Lot Size per Order: 50
Available Markets: 100+ products in FX, indices, crypto, commodities, and stocks
Trading Platforms: MetaTrader 5
Stop Out Level: 20%
Personal Account Manager: No

Raw Account

Minimum Deposit: $300
Max Leverage: 1:500
Spreads: From 0.0
FX Commission: $2 (round turn $4)
Max Lot Size per Order: 50
Available Markets: 100+ products in FX, indices, crypto, commodities, and stocks
Trading Platforms: MetaTrader 5
Stop Out Level: 20%
Personal Account Manager: No

VIP Account

Minimum Deposit: $10,000
Max Leverage: 1:400
Spreads: From 0.0
FX Commission: $1 (round turn $2)
Max Lot Size per Order: 80
Available Markets: 100+ products in FX, indices, crypto, commodities, and stocks
Trading Platforms: MetaTrader 5
Stop Out Level: 20%
Personal Account Manager: Yes

Tradesmarter Broker Account Opening Process

Opening an account with Tradesmarter is a straightforward process that can be completed online or offline. Heres how to do it:

Online Account Opening:

Visit the Tradesmarter website.
Click on the "Online Account Opening" link.
Enter your name, email, and mobile number to register.
Fill in your basic details including PAN number.
Verify your information via the Central KYC portal.
Upload required documents (Aadhar card, PAN card, bank statement, etc.).
Submit the account opening application.
Your account will be validated and opened within a few hours.

Offline Account Opening:

Download the account opening form from the Tradesmarter website.
Fill in the required details and send the form along with self-attested copies of required documents and a cheque for the initial balance via courier.
Alternatively, you can request a physical form to be sent to you via courier (charges may apply).
If all documents are in order, the account will be opened within 3 days of receipt of the application.

Documents Required: