TradeSmart Review

TradeSmart was established in 2024 by a team with extensive experience in the brokerage industry who have successfully operated multiple brokers over the years. It is incorporated in Saint Lucia under registration number 2024 – 00075 and has its physical headquarters located in Sofia, Republic of Bulgaria.

Through its MetaTrader 5 (MT5) platform, TradeSmart offers access to a broad range of trading instruments (100+) - including Forex, Indices, Commodities, CFD Stocks, and Cryptocurrencies. Their MT5 platform is available on Desktop, iOS, Android and as a WebTrader.

It is unfortunate that they do not offer MT4 or cTrader now but hopefully will in the future.

We installed and tested TradeSmart’s MT5 terminal on our New York based VPS. Despite their servers being located in the UK, the latency was impressively low at 61.4ms. This would be even lower with a UK-based VPS, making this broker a strong choice for EA trading.

TradeSmart clients have the choice of a variety of account types to accommodate different trading preferences/styles:

• Micro Account - minimum deposit of $50, spreads from 0.7 pips, zero commission and leverage up to 1:2000.
• Standard Account - minimum deposit of $300, spreads from 0.7 pips, zero commission and leverage up to 1:500.
• Raw Account - minimum deposit of $300, spreads from 0.0 pips, a commission of $4 per round turn and leverage up to 1:500.
• VIP Account - minimum deposit of $10, 000, spreads from 0.0 pips, a commission of $2 per round turn and leverage up to 1:400. This account also includes a personal account manager.

U.S. clients will be happy to know that TradeSmart does accept traders from the U.S – one of an ever-shrinking list of offshore brokers that still do.

A notable feature of TradeSmart is its 120% Cash Bonus which can be claimed upon opening all new trading accounts (excluding PAMM). Clients can receive up to $24, 000, with deposits starting from $200. The bonus becomes withdrawable or transferable for trading purposes once a total volume requirement of 100, 000 units (round turn) on Forex and Metals has been met.

TradeSmart also offers a SmartBoost 100% Bonus, where new clients can choose the "SmartBoost Bonus 100%" during registration, and existing clients can create a new bonus account through the client area. The bonus is credited instantly after a successful deposit and is immediately made available for trading.

Client fund security appears to be be taken serious by TradeSmart, with measures such as segregated accounts to ensure that client funds remain separate from the company's operational funds. As well as the providing negative balance protection and the use of 2 Factor Authentication via an authenticator app when logging into your account.

Deposits/withdrawals can be made through Confirmo, which allows for fast and transparent withdrawals and deposits using a variety of crypto currencies - BTC, USDT, ETH, USDT, LTC and more.

Overall, TradeSmart provides a solid trading environment with a wide range of instruments, flexible account types and low latency servers, ideal for automated trading. However, the lack of platform choice will be a drawback for some traders who are used to using MT4, cTrader and others.