Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo financial licence of any kind while taking client deposits. A Saint Lucia company registration is not regulation, and no regulator supervises the firm.
Identity & transparency
4/10 · ModerateDiscloses the legal entity, registration number, registered address and a physical Sofia office, but it is an offshore shell operating from Bulgaria with a restricted country list it does not honour.
Withdrawals & conduct
6/10 · HighTwo specific recent fund integrity complaints describe profits cancelled and accounts closed after clients won, with only the deposit returned. Positive withdrawal reports and broker replies exist, so the pattern is concerning but not proven systematic.
Reputation
6/10 · HighTrustpilot 4.5 from 57 reviews but bimodal at 93 percent 5 star with a hollow middle, an astroturf shaped profile. Third party directories flag it as unregulated and high risk.
Website claims
5/10 · ModerateNo fake licence claimed, but the terms exclude US, Canada and EEA while the firm onboards US clients, and it pushes aggressive 100 to 120 percent bonuses tied to the profit cancellation complaints.
Operational history
5/10 · ModerateOperating company incorporated 2024, about two years old. The 1996 domain has no continuous history and does not extend the track record.
Who they are
A quick desk file on the company behind the brand.
- Brand: TradeSmart
- Legal entity: TradeSmart Capital Limited
- Registered: Meridian Place, Choc Estate, Castries, Saint Lucia (registration number 2024-00075)
- Operations address: 52 Hristo Smirnenski Boulevard, 1164 Sofia, Bulgaria
- Website: tradesmart.com
- Only licence: None. It holds a Saint Lucia company registration only, which is not financial regulation.
- Offers: Forex and CFDs on indices, commodities, crypto and stocks on MT5, with leverage up to 1:2000, copy trading, PAMM, and 100 to 120 percent deposit bonuses.
- Not accepted (per its terms): United States, Canada, EEA, North Korea, Syria, Iran, though US clients are onboarded in practice.
- Age claim: Founded 2024. The domain dates to 1996 but was recently taken over and has no matching operating history.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Saint Lucia company registration (Registry of Companies and Intellectual Property)
Why we reached this verdict
How the evidence adds up.
We rate TradeSmart high risk for three main reasons.
- No regulation, but it takes your money. There is no licence from any financial regulator. A Saint Lucia registration gives you no client money protection, no segregated accounts and no compensation scheme if the firm fails.
- It solicits people it says it will not serve. Its terms exclude US, Canadian and EEA residents, yet its own top reviews call it the best offshore broker for US residents, and complaint reviews come from US clients. Offering trading to US residents without US registration is not allowed.
- Early fund complaints follow a worrying shape. Two recent reviewers describe the same event: they deposited, made a profit, then had the account closed and the profit cancelled while only the deposit was returned, with a compliance or fake document reason given. One names account 56682 and a 671 dollar deposit in August 2026. This is the pattern that lets a broker keep winnings while looking reasonable by refunding the stake.
- The review profile looks managed. 93 percent of 57 Trustpilot reviews are 5 star with almost nothing in between, and the firm replies to every negative review. That distribution is a red flag, not reassurance.
- It is very young. The operating company is about two years old. For a broker this new with no licence, a currently calm score means little, so we do not treat the absence of a large complaint pile as a clean bill of health.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The broker's own footer and legal pages name TradeSmart Capital Limited, incorporated in Saint Lucia, registration number 2024-00075, physical office in Sofia, Bulgaria, and disclose no regulator or licence number.
StrongTradeSmart websiteE2The terms restrict United States, Canada and EEA residents, while independent reviews show US clients are onboarded and the firm is marketed as an offshore broker for US residents. This is solicitation against its own stated scope.
E3Two recent Trustpilot 1 star reviews describe the same failure: account closed and profits cancelled after the client made money, only the deposit returned, one citing account 56682 and a 671 dollar deposit in August 2026. The firm replies citing a failed document check.
ModerateTrustpilotE4Trustpilot shows 57 reviews at 4.5 with a bimodal 93 percent 5 star, 0 percent 3 and 2 star, 4 percent 1 star distribution, an astroturf shaped profile, with the firm replying to 100 percent of negative reviews.
ModerateTrustpilotE5Domain tradesmart.com was first registered in 1996 but last changed April 2026 with Cloudflare nameservers and has no archived content history, consistent with an aged domain recently taken over by a new operator rather than a long running business.
E6Independent broker directories and reviews confirm TradeSmart is a new 2024 offshore broker with no licence from any recognised regulator, offering MT5, high leverage and large bonuses.
ModerateForexBrokerz reviewE7The FCA warning list names @tradesmart / Williamtradesmart / tradesmart.io, a social media persona scam on a different domain. It is a namesake, not this broker, and is not counted against tradesmart.com.
WeakFCA Warning ListE8The homepage advertises fully tradable 100 percent and 120 percent bonuses and no swaps, aggressive incentives that align with the bonus linked profit cancellations reported by clients.
The other side
The strongest case in this broker’s favour.
In fairness to TradeSmart, several points cut the other way.
- It is open about being unregulated and about who runs it. It names the legal entity, the Saint Lucia registration number, a registered address and a physical office in Sofia, Bulgaria. That is more disclosure than many scams give.
- It does not fake a licence, borrow another firm's registration, or clone a known brand. There is no fabricated regulator claim.
- Multiple reviewers report fast, same day withdrawals, including one describing five figure payouts, and the firm says it verifies large withdrawals by phone.
- In the disputed cases the firm publicly states it returned the client's original deposit and only cancelled bonus linked profits after a failed document check. If true, that is a bonus terms enforcement, not outright theft.
- The FCA warning that names a similar tradesmart.io persona is a different operation and is not evidence against this broker.
What would change this
What we would need to see to revise the verdict.
Our view would move if the facts changed.
- Lower risk: a genuine licence from a real regulator, verified on that regulator's own register, and an honest restricted country list that matches who it actually onboards.
- Lower risk: a longer, clean track record with independent, transactional withdrawal successes across more than one platform over time.
- Higher risk, toward scam: a regulator warning naming tradesmart.com itself, more independent reports of cancelled profits or demands for extra fees to release funds, or evidence that the aged 1996 domain history is being used to imply a track record the firm does not have.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
UK FCA Warning List
Regulator warning search. Note a similarly named tradesmart.io persona is listed here, which is a different operation from tradesmart.com.
TradeSmart legal and restricted countries
The broker's own terms, including the countries it says it does not serve.
TradeSmart reviews on Trustpilot
Independent user reviews for the exact domain, including withdrawal complaints.
Frequently asked questions
Quick answers about this broker’s safety.
Is TradeSmart a scam?
We rate it high risk and unverified, not a confirmed scam. It is an unregulated offshore broker under two years old with no financial licence, and there are early complaints about cancelled profits. Treat it with strong caution and do not assume your funds are protected.
Is TradeSmart regulated?
No. It holds only a Saint Lucia company registration (number 2024-00075), which is not financial regulation. No recognised regulator such as the FCA, ASIC or CySEC oversees it, and Saint Lucia does not license forex trading.
Can I withdraw my money from TradeSmart?
Some users report fast withdrawals, but two recent reviewers say their accounts were closed and their profits cancelled after they won, with only the deposit returned. Because there is no regulator, there is no independent body to force a payout if a dispute arises.
Is my money safe with TradeSmart?
There is no client fund segregation requirement, no compensation scheme and no regulator behind it. If the firm fails or refuses to pay, it is unlikely you would recover your money. Only risk what you can afford to lose.
Who owns TradeSmart?
The operator is TradeSmart Capital Limited, incorporated in Saint Lucia in 2024. It lists a physical office at 52 Hristo Smirnenski Boulevard, Sofia, Bulgaria.
How old is TradeSmart?
The operating company was registered in 2024, so it is only about two years old. The tradesmart.com domain was first registered in 1996, but it was taken over recently and has no matching operating history, so the old domain does not indicate a long track record.
Does TradeSmart accept US clients?
Its terms list the United States as a restricted country, yet reviews show US clients are onboarded and it markets itself as an offshore broker for US residents. Offering trading to US residents without US registration is not permitted, which is a serious red flag.
What is the Saint Lucia registration worth?
Very little for your protection. It is a company incorporation, similar to registering any business, and does not mean any regulator checks the firm, audits client funds, or can help you recover money.
Is TradeSmart a clone of another broker?
We found no evidence that tradesmart.com clones a regulated firm or borrows another company's licence. A separate tradesmart.io operation is on the FCA warning list, but that is a different domain and a different scheme.
Are the positive Trustpilot reviews trustworthy?
Be cautious. 93 percent of the 57 reviews are 5 star with almost nothing in between, a bimodal shape that often points to managed reviews. Weigh the specific 1 star complaints about cancelled profits alongside the praise.
What should I check before depositing with any broker?
Confirm a real licence on the regulator's own register, check that the firm is allowed to serve your country, read the bonus and withdrawal terms, and search for independent complaints tied to the exact domain. TradeSmart fails the first of these.
What do I do if I was scammed by TradeSmart?
Gather records of your deposits, chats and withdrawal requests, ask your bank or card provider about a chargeback, and report the firm to your national financial regulator. Avoid recovery agents who ask for an upfront fee, as those are frequently follow up scams.
What we recommend
The practical takeaway from everything above.
Treat TradeSmart as high risk and unproven.
- Do not deposit money you cannot afford to lose. There is no regulator and no compensation scheme behind this broker.
- If you are in the US, Canada or the EEA, avoid it. Its own terms exclude you, so you would have no recourse.
- Be very cautious with the 100 to 120 percent bonuses. Bonus terms are the mechanism used to cancel profits in the complaints we read.
- If you already have funds there, withdraw what you can now and keep records of deposits, tickets and chats.
- If you believe you were defrauded, report it to your local financial regulator and your card issuer or bank.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 19, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.