Also on our record
High risk
36 out of 100 · 97% checked
It holds no valid licence, and our investigation found it is high risk and could not be verified.
We checked Tradesmart on 2026-10-26 across its regulation, company record, client terms, trading offer and service, and could verify 97% of its record. We have no licence on record for it. The score of 36 is what the checked record adds up to; nothing held it down. What would move the score: all-in eurusd cost, wikilix community. Our published investigation found it is high risk and could not be verified, with 4.8 years of track record. Its client terms carry high risk, with 7 critical clauses. Trading EURUSD costs about 0.8 pips all-in, spread and commission together.
Score last calculated 2026/10/26
Wikilix independent safety report
No regulator has declared TradeSmart a scam, and we found no enforcement action and no fraud-related court record naming TradeSmart Capital Limited or tradesmart.com. It is, however, an unlicensed br…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about Tradesmart: its history, the licences it holds, its trading conditions and its fees.
Tradesmart is the trading name of TradeSmart Capital Limited, a company incorporated in Saint Lucia under registration number 2024-00075, with its registered address at Meridian Place, Choc Estate, Castries and a working office at 52 Hristo Smirnenski Boulevard in Sofia, Bulgaria. The broker offers contracts for difference on forex, commodities, indices, share CFDs and cryptocurrencies, with MetaTrader 5 as its only platform. Accounts open from a 50 USD minimum deposit, leverage reaches 1:2000 on the entry level tier, and funding is accepted in cryptocurrency only. No financial regulator is named anywhere on the broker's website.
Tradesmart publishes no financial services licence. Its site names no regulatory authority, quotes no licence number and identifies no body supervising TradeSmart Capital Limited. What the site does publish is a corporate registration: the footer of records TradeSmart Capital Limited as incorporated in Saint Lucia with registration number 2024-00075.
A company registration is not financial regulation. It records that a company exists in a registry and nothing more, carrying no supervision of client money, no conduct rules, no capital requirements and no access to a compensation scheme or an independent dispute process.
No. Tradesmart has no confirmed financial regulation, and its own website claims none. A client trading with TradeSmart Capital Limited deals with an unregulated offshore counterparty, which means the broker's own terms, rather than a regulator's rules, govern how client funds are held and how a dispute is resolved.
The brand and the legal entity are not the same name, which matters when a client reads an agreement or sends money. Contracts and deposits are with TradeSmart Capital Limited of Saint Lucia, while the business is run day to day from Sofia, Bulgaria, where the broker's published telephone number is also based. The Bulgarian office is not a second regulated entity, and the site names no company other than the Saint Lucia one.
Tradesmart carries the risks of an unregulated, recently incorporated offshore broker, and three specific facts matter more than any general impression. It dates from 2024, so it has no long operating record. It is supervised by no financial authority. And it takes client money only in cryptocurrency, so a deposit is irreversible and offers none of the chargeback or recall routes a card payment or bank transfer would.
Set against that, the broker discloses its legal entity, registration number and both office addresses openly, publishes its trading conditions in detail on its own site, and names the markets it will not serve. Nothing in this review contradicts what the site publishes about itself.
Four tiers are offered, set out on the broker's :
Spreads are variable and average around 0.7 pips. Micro and Standard charge no commission on forex, while Raw charges 2 USD and VIP 1 USD per lot per side. Execution is STP. Tradesmart charges no deposit or withdrawal fee, and states that it covers the payment gateway's cost on deposits itself.
Leverage runs from 1:2000 on Micro down to 1:400 on VIP, with 1:500 on Standard and Raw. The entry level account therefore carries the highest leverage, which is very high by any standard and increases losses as quickly as gains.
MetaTrader 5 is the only platform Tradesmart offers. There is no MetaTrader 4, no cTrader and no proprietary terminal. The broker supplies its own branded MT5 desktop build, an iOS app and a browser based terminal through its , covering Windows, Mac, Android, iOS and web access.
Funding is cryptocurrency only. Tradesmart accepts Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple and Tether through the Confirmo payment gateway, and publishes no card, bank transfer, wire or e-wallet route on its . The minimum deposit is 50 USD and the minimum withdrawal 15 USD, with a 50,000 USD ceiling per withdrawal invoice. Deposits credit instantly and withdrawals are stated to take one to two business days.
This is the broker's most significant practical limitation. A client who does not already hold cryptocurrency cannot fund an account at all, and because crypto transfers cannot be reversed, Tradesmart states that it is not responsible for losses caused by an incorrect wallet address.
The broker states that support is available 24 hours a day, five days a week, by live chat, email and telephone, in English. The published contact points are support@tradesmart.com and a Bulgarian telephone number, +359 2 496 3327, alongside separate addresses for trading, back office, partnership, copy trading and VPS enquiries.
Strengths:
Limitations:
Tradesmart presents as a straightforward MetaTrader 5 CFD broker with competitive published pricing and an unusually low entry deposit, operated by a Saint Lucia company working out of Sofia. The detail it publishes about its own terms is better than many offshore brokers manage. What a prospective client accepts in exchange is the absence of any financial supervision, combined with a crypto only funding channel that removes the usual routes for recovering a disputed payment. The broker states that it does not serve residents of the United States, Canada, the European Economic Area, North Korea, Syria or Iran. Anyone considering an account should size a deposit against the fact that it is unregulated money sent irreversibly, and check the current terms on the broker's own site before funding.
One full-page capture of Tradesmart's own site, archived so what it said can still be read after the page changes.
No tier-1 or tier-2 licence is in force. The regulation Tradesmart holds is lighter, and each licence's record says what its regulator requires.
WIKILIX
Licence intelligence
The only licence on file
Licence Verification Record
Recorded from the firm's own disclosure. Not yet checked against the register.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
4 account types on record. Minimum deposit from USD 50. Leverage up to 1:2000.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| MicroMicro · Cent | USD 50 | 1:2000 | Zero commission on FX trades |
| StandardStandard | USD 300 | 1:500 | Zero commission on FX trades |
| RawRAW · ECN | USD 300 | 1:500 | $2 per lot ($4 round turn) |
| VIPVIP | USD 10,000 | 1:400 | $1 per lot ($2 round turn) |
Where Tradesmart says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Covered by a parent block
Territories a blocked country carries with it
One way to fund an account. One with no deposit fee. One credits instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Cryptocurrency (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Tether)CryptocurrencyClients must ensure accuracy of cryptocurrency wallet addresses for withdrawals; TradeSmart is not responsible for losses due to incorrect addresses. Cryptocurrency transactions are generally available globally but clients should verify acceptance in their region. Traditional payment methods are not supported. Deposits are credited instantly with fees covered by Tradesmart; withdrawals take 1-2 business days and the 50,000 USD/EUR maximum applies per invoice. Deposit and withdrawal amounts are quoted in USD/EUR. | Free | Free | USD 50 | USD 15USD 50,000 | Instant |
One trading platform on record: MetaTrader 5.
MetaTrader 5 is the only platform Tradesmart offers, with a broker branded desktop build, an iOS app and a browser based terminal on the broker's own MT5 WebTrader page.
2 domains on record. All active and served over HTTPS.
One legal entity behind the Tradesmart brand.
Tradesmart names TradeSmart Capital Limited as the operating company. We could not confirm that registration on the registry.
3 other brokers on the record share what Tradesmart offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about Tradesmart
TradeSmart is the trading name of TradeSmart Capital Limited, incorporated in Saint Lucia with registration number 2024-00075 and a registered address at Meridian Place, Choc Estate, Castries. The broker also publishes a working office at 52 Hristo Smirnenski Boulevard, 1164 Sofia, Bulgaria, which is where its published telephone number is based. No other company is named on the site.
TradeSmart offers contracts for difference on forex, commodities, indices, share CFDs and cryptocurrencies. The range runs to around 41 currency pairs, 74 other CFDs and 6 cryptocurrencies. All of it trades on MetaTrader 5, which is the broker's only platform.
TradeSmart states that it does not provide services to residents of the United States, Canada, the European Economic Area, North Korea, Syria or Iran, or of any country where doing so would be contrary to local law. Clients must also be 18 or of legal age in their own country.
TradeSmart states that withdrawals take one to two business days. The minimum withdrawal is 15 USD and the maximum is 50,000 USD per withdrawal invoice, with no withdrawal fee. Withdrawals are paid in cryptocurrency, and the broker states that it is not responsible for funds lost to an incorrectly entered wallet address.
TradeSmart offers four accounts. Micro requires 50 USD and allows leverage to 1:2000 with no commission on forex. Standard requires 300 USD at 1:500, also commission free. Raw requires 300 USD at 1:500 with 2 USD per lot per side. VIP requires 10,000 USD at 1:400 with 1 USD per lot per side.
The minimum deposit is 50 USD, on the Micro account. The Standard and Raw accounts both require 300 USD and the VIP account 10,000 USD. Deposits can only be made in cryptocurrency, so the 50 USD minimum applies to a crypto transfer rather than a card or bank payment.
TradeSmart states that support is available 24 hours a day, five days a week, by live chat, email and telephone, in English. The published contact points are support@tradesmart.com and a Bulgarian telephone number, +359 2 496 3327, with separate addresses for trading, back office, partnership, copy trading and VPS enquiries. The broker also links Facebook, X and Instagram accounts.
Commission depends on the account. The Raw account charges 2 USD per lot per side, which is 4 USD round turn, and the VIP account 1 USD per lot per side, or 2 USD round turn. The Micro and Standard accounts charge no commission on forex. Spreads are variable and average around 0.7 pips. Maximum leverage is 1:2000, which applies to the Micro account only, while Standard and Raw cap at 1:500 and VIP at 1:400.
TradeSmart accepts deposits and withdrawals in cryptocurrency only, through the Confirmo payment gateway. The supported coins are Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple and Tether, and no card, bank transfer, wire or e-wallet option is published. Deposits credit instantly and carry no fee, with the gateway cost covered by the broker. Withdrawals are stated to take one to two business days and are also free of charge.
No. TradeSmart is not regulated by any financial authority, and its own website names none. The broker is the trading name of TradeSmart Capital Limited, a company incorporated in Saint Lucia under registration number 2024-00075. That is a corporate registration only: it records that the company exists and carries no supervision of client money, no conduct rules and no access to a compensation scheme.
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