TradeSmart Forex Broker

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 chatTradeSmart 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 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 shownIs 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 InstrumentsSupported Forex✔ Commodities✔ Stock✔ Indices✔ Cryptocurrency✔ Shares❌ Metals❌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 StocksLeverage 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 Leverage1:20001:5001:5001:500TradeSmart 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-freeNoYesYesYesTrading Platform Trading PlatformSupportedAvailable DevicesSuitable for MT5✔PC and MobileInvestors of all experience levelsDeposit 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 Withdrawal Options Withdrawal OptionsMin. WithdrawalFeesProcessing Time Confirmo15 USD/EURN/A1-2 business days