Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo financial licence anywhere while taking retail deposits; the Saint Lucia registration is incorporation only and that jurisdiction does not license forex brokerage. Mitigated slightly by the absence of any fabricated licence claim.
Identity & transparency
6/10 · HighEntity, registration number, registered address, a real Sofia office and a landline are all disclosed, but ownership and management are not named, no EU entity stands behind the EU office, the registration cannot be checked on an open registry, and the operating entity has changed three times in four years.
Withdrawals & conduct
6/10 · HighSix fund-integrity reports across two platforms describe profits voided or accounts closed at the withdrawal request, with amounts and dates; set against many credible reports of fast payouts and a firm that answers and explains the disputes publicly.
Reputation
5/10 · ModerateNet positive on the per-domain review page at 4.4 out of 5 from 61 organic-looking reviews, but a second broker-review platform rates it high risk, and the brand sits in a cluster of regulator-warned look-alikes.
Website claims
6/10 · HighNo false licence claim, which is to its credit, but segregated accounts, Tier 1 liquidity and negative balance protection are asserted without anything verifiable behind them, an Award-Winning Performance You Can Trust headline rests on four titles from one awards publisher, and the home page performance counters render as zero.
Operational history
4/10 · ModerateArchived copies show a working broker site from May 2022, giving about four years of continuity, though the entity holding client money dates from 2024 and the domain's 1996 registration is irrelevant because it was for sale in December 2021. No age misrepresentation found, since the firm advertises no founding year.
Who they are
A quick desk file on the company behind the brand.
- Brand: TradeSmart (also written Tradesmart), trading as a retail forex and CFD broker on MetaTrader 5.
- Legal entity: TradeSmart Capital Limited, registration number 2024 - 00075.
- Registered: Meridian Place, Choc Estate, Castries, Saint Lucia.
- Operations: 52 Hristo Smirnenski Boulevard, 1164 Sofia, Bulgaria, with a Bulgarian landline on +359 2 496 3327. No Bulgarian legal entity is disclosed.
- Website: tradesmart.com, with the client area at my.tradesmart.com.
- Only licence: none. The Saint Lucia number is a company incorporation record, not financial regulation.
- Offers: 100-plus CFDs on forex, indices, commodities and shares; four account tiers from 50 USD to 10,000 USD; leverage to 1:2000; PAMM and copy trading; a 100 percent deposit-match bonus.
- Payments: cryptocurrency only, in and out, through the Confirmo gateway. No cards, no bank transfer.
- Not accepted: residents of North Korea, Syria, Iran, the United States, Canada and the EEA. The United Kingdom was dropped from that exclusion list after 2023.
- Age claim: none published. The site advertises no founding year, and we found no history claim to contradict.
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 Registry of Companies and Intellectual Property (company registration)
Why we reached this verdict
How the evidence adds up.
High risk rather than confirmed scam. Nothing we found rises to a regulator finding or a proven theft, but the structure gives a client no recourse, and a repeating complaint touches the one thing that matters most.
- Nobody is supervising the money. The site names no regulator at all, anywhere. Saint Lucia's Financial Services Regulatory Authority supervises international banks, insurance, mutual funds, money-services businesses, registered agents and virtual-asset businesses; there is no category for forex or CFD brokerage, and the Authority publishes a standing warning notice on forex trading. A Saint Lucia company number therefore tells you the company exists, not that anyone checks what it does with client funds.
- Crypto-only money rails. The firm's own payments page lists Cryptocurrency as the single deposit method and the single withdrawal method. Crypto is irreversible. Combined with the absence of a regulator, there is no chargeback, no ombudsman and no compensation scheme between a client and a loss.
- Profits cancelled at the withdrawal request. Six separate clients, across two platforms and spread from October 2024 to October 2026, describe the same sequence: trade, make a profit, request a withdrawal, then have the profit voided or the account closed with only the deposit returned. One names a figure of 1,393 USD; another describes being told a 10-lot volume requirement capped withdrawals at 50 USD. The pattern meets three of our four tests (same failure, independent sources, checkable detail) but not the fourth, since it is spread thinly over two years rather than clustered in a freeze.
- Soliciting where it has no permission. The exclusion list dropped the United Kingdom after 2023, so UK residents are now accepted by a firm with no UK authorisation, and a UK reviewer describes a funded account. Reviewers posting from the United States describe live accounts too, although the terms exclude US residents.
- A moving corporate target. The site's own footer named Tradesmart Ltd in Kutaisi, Georgia, in 2022, then Tradesmart LLC of Kingstown, Saint Vincent (registration 2093 LLC 2022) with an office in Podgorica, Montenegro, in 2023, and now the Saint Lucia company with an office in Sofia. Three jurisdictions, three entities, four years, no licence at any point. Neither of the former entities carries a warning-list hit that we could find.
- Protection claims with nothing behind them. The site advertises segregated client accounts, Tier 1 liquidity and negative balance protection. With no regulator and no published audit, those are promises rather than verifiable safeguards, and a widely read industry review reports that the client agreement contradicts the website on both segregation and negative balance protection.
- Marketing that leans on thin credentials. The home page headline is Award-Winning Performance You Can Trust. All four awards are 2025 titles from a single business-awards publisher, one of them Emerging Brokerage Brand of the Year.
- The age is modest and rests mainly on the website. The domain was first registered in 1996 but was still a domain-for-sale page in December 2021, so that date carries no weight. Archived copies show a working TradeSmart broker site from May 2022, and the entity that holds client money today was formed in 2024. Saint Lucia's companies registry is not openly searchable, so the incorporation date rests on the registration number the company itself publishes, and the resulting four-year figure should be read as an upper bound.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The firm's own site names no regulator anywhere. The footer states only that TradeSmart is the trading name of TradeSmart Capital Limited, incorporated in Saint Lucia with registration number 2024 - 00075, with a physical address in Sofia, Bulgaria.
ModerateTradeSmart home page footerE2Saint Lucia's Financial Services Regulatory Authority publishes a standing warning notice on forex trading, most recently updated in January 2026.
E3The Authority's own list of supervised sectors covers international banks, international insurance, international mutual funds, money-services businesses, registered agents and trustees, credit unions, insurance and pensions, and virtual-asset businesses. There is no category for forex or CFD brokerage, so no Saint Lucia company can hold one.
E4The firm's own payments page lists Cryptocurrency as the only deposit method and the only withdrawal method, with a 50 USD minimum deposit, a 15 USD minimum withdrawal and a 50,000 USD cap per invoice. There is no card or bank route, so clients have no chargeback or recall rights.
E5Three one-star reviewers describe the same failure: an account closed on 6 August 2026 with profits declined and only the deposit withdrawable; profits nullified on 27 August 2026 after verification was raised at the withdrawal stage; and a refund still unpaid in October 2026 after ten emails over two weeks. The company replied to the first two within a day, stating that forged documents had been identified.
E6Two further fund-integrity reports on the client-portal review page: 1,393 USD of profits described as withheld in September 2025, and a July 2025 account stating that withdrawals required 10 standard lots of volume and were capped at 50 USD.
E7An archived copy of the same website from March 2023 names a different operator: Tradesmart LLC, Beachmont Business Centre, 353, Kingstown, Saint Vincent and the Grenadines, registration 2093 LLC 2022, with a physical office at Dzordza Vasingtona No. 38, Podgorica, Montenegro.
E8An archived copy from May 2022 names an earlier operator again: Tradesmart Ltd, Kutaisi Hualing Free Industrial Zone, Georgia, under Free Industrial Zone Licence No. 0110/532, a free-zone business permit rather than any financial authorisation. The page carries a 2021 copyright line.
E9In December 2021 the same domain served a Buy and Sell Domain Names parking page, so the 1996 registration date reflects a previous unrelated owner and carries no weight for this operation's track record.
E10Registry records for tradesmart.com: registered 31 May 1996, last changed 30 April 2026, registrar GoDaddy, nameservers on Cloudflare.
E11The global regulator alerts network returns three entries for the keyword tradesmart, all naming other operations: @tradesmart / Williamtradesmart / tradesmart.io (UK, 22 October 2024), Vitafxtrade (UK, unrelated) and TRADESMART1 (Greece, 1 November 2022, concerning tradesmart1.com). No alert names tradesmart.com or TradeSmart Capital Limited.
E12The UK warning that is most often mistaken for this broker concerns a different operation: website www.tradesmart.io, promoted through Instagram, TikTok, Facebook and Telegram accounts in the name of William Smith, published 14 October 2024. The domain is now parked and offered for sale.
E13The firm distributes a branded MetaTrader 5 terminal through MetaQuotes' own download network, under the path tradesmart.capital.limited, and runs its own server named TradeSmart-Server01. That is genuine licensed trading infrastructure rather than a simulated in-house platform.
E14Certificate records for the domain show the operational estate: client area, MT5 web trader, PAMM, API, documentation and blog hosts, plus a PAMM instance hosted by an established third-party broker-technology vendor. Earliest certificate dates from 2019, under the domain's previous owner.
E1561 reviews at 4.4 out of 5, with 92 percent at five stars and 5 percent at one star. The positive reviews are spread across many months, come from accounts with other review history, and name individual support staff; several describe withdrawals approved within 24 hours. The company has replied to about two thirds of negative reviews.
E16An independent industry review records the broker as unregulated, founded in 2024, crypto-only through the Confirmo gateway, with leverage to 1:2000 and an overall rating of 3.3 out of 10, and reports that the client agreement contradicts the website on fund segregation and negative balance protection.
ModerateFXEmpire broker reviewE17A second broker-review platform, matched to this operation by the tradesmart.com domain, classifies it as high risk and notes that forex trading activities are not licensed in Saint Lucia despite the company's registration there.
ModerateBrokersView broker profileE18Account tiers run from a 50 USD minimum at 1:2000 leverage to a 10,000 USD VIP tier at 1:400. No tier includes a personal account manager, and the client portal offers a plain live or demo choice with a risk warning, so the usual boiler-room sales apparatus is absent.
E19The firm advertises segregated client accounts, Tier 1 liquidity, negative balance protection and two-factor authentication as its fund-protection measures, with no regulator, auditor or custodian named for any of them.
E20The home page headline Award-Winning Performance You Can Trust rests on four 2025 titles from a single business-awards publisher, one of which is Emerging Brokerage Brand of the Year.
E21Contact details are a Bulgarian landline on +359 2 496 3327 and six departmental email addresses on the company's own domain, including a dedicated deposits and withdrawals mailbox. There is no messenger-only contact route.
E22The client portal at my.tradesmart.com is live and accepts live-account registrations, so this is an operating deposit-taking business and not a dormant or parked brand.
E23The firm's official Facebook presence resolves to the page Tradesmart Global, consistent with the Instagram and X handles published in its footer.
The other side
The strongest case in this broker’s favour.
The case for TradeSmart deserves a fair hearing, and parts of it are strong.
- No regulator has warned about this firm. We swept the global alerts network that aggregates more than 150 regulators, searched the brand and the domain, and enumerated the UK warning list. Not one notice names tradesmart.com or TradeSmart Capital Limited. Four warnings do exist for other operations using the TradeSmart name at tradesmart.io, tradesmartfx.net, tradesmart1.com and TRADE SMART X, and it would be wrong to charge any of those to this company.
- The trading operation is real. The firm distributes a branded MetaTrader 5 terminal through MetaQuotes' own download network under the name tradesmart.capital.limited and runs its own server, TradeSmart-Server01. Its PAMM service runs on infrastructure from an established broker-technology vendor. This is not a simulated in-house platform, which is the usual signature of a fake brokerage.
- Most clients are paid, and say so. The Trustpilot page for the domain carries 61 reviews at 4.4 out of 5, spread across many months rather than arriving in bursts, written by accounts with other review history, and naming individual support staff. Several describe withdrawals approved within 24 hours, including five-figure sums.
- The firm answers its critics in public. It has replied to roughly two thirds of its negative reviews, and in the two profit-cancellation cases it replied within a day stating that the proof-of-address documents were forged and that the deposit was returned. If that is accurate, refusing to pay out on an account opened with falsified identity documents is what an anti-money-laundering policy requires, not theft.
- It makes no false regulatory claim. Many unlicensed brokers invent a regulator. This one names none, describes its Saint Lucia status as incorporation only, publishes a prominent risk warning, lists excluded countries, and offers no personal account managers on any account tier. There is no messenger-based sales funnel and no guaranteed-profit language.
- The brand is not brand new. It has been visibly trading on the same domain since at least May 2022, which rules out the throwaway-site pattern.
What would change this
What we would need to see to revise the verdict.
This verdict is evidence-based and would move in either direction on specific findings.
- Towards a scam verdict: a regulator warning or enforcement notice naming tradesmart.com or TradeSmart Capital Limited; a cluster of withdrawal refusals inside a single window rather than spread thinly; any credible report of a demand for an extra payment, tax or fee before funds are released; or evidence that the forged-document explanation was used against clients whose documents were genuine.
- Towards a lower risk rating: a genuine trading licence from a real financial regulator, verifiable on that regulator's own register in the name of the entity that holds client money; bank or card payment rails alongside crypto, so clients regain chargeback rights; a named, verifiable board or ownership structure; and an independent auditor's confirmation that client funds are genuinely segregated.
- On the open questions: Saint Lucia's companies registry is not openly searchable, so the registration number and incorporation date still rest on the company's own statement. An openly verifiable registry extract would settle both, and would also settle whether a Bulgarian operating entity stands behind the Sofia office.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Saint Lucia FSRA: warning notice on forex trading
The Saint Lucia regulator's standing notice on forex business, updated January 2026.
Saint Lucia FSRA: who it actually regulates
The Authority's sectors list has no category for forex or CFD brokerage.
IOSCO I-SCAN: global regulator alerts for the TradeSmart name
Three alerts, all naming other websites, none naming tradesmart.com.
FCA warning: the look-alike at tradesmart.io
A different operation on a different domain, listed here so readers do not confuse the two.
Trustpilot reviews for tradesmart.com
The per-domain review page, so it cannot be confused with other TradeSmart brands.
TradeSmart legal documents
The firm's own account agreement, withdrawal and refund policies.
TradeSmart deposits and withdrawals
Confirms cryptocurrency is the only method in and out.
Frequently asked questions
Quick answers about this broker’s safety.
Is TradeSmart a scam?
Not proven. No regulator has declared tradesmart.com a scam, and we found no enforcement action against TradeSmart Capital Limited. But it holds no financial licence anywhere, moves money only in cryptocurrency, and a recurring minority of clients report profits being cancelled when they asked to withdraw. We rate it high risk at 63 percent.
Is TradeSmart a fraud?
No regulator or court has made a finding of fraud against TradeSmart Capital Limited or tradesmart.com, and we found no fraud-related court record naming either. What we did find is an unlicensed broker with crypto-only payments and several disputed profit cancellations, so we assess the risk as high while stopping well short of that conclusion.
Is TradeSmart regulated?
No. The site names no regulator at all. TradeSmart Capital Limited is registered as a company in Saint Lucia under number 2024 - 00075, and Saint Lucia does not license forex or CFD brokerage. Its Financial Services Regulatory Authority publishes a standing warning notice on forex business and has no licensing category for it.
Does the Saint Lucia registration protect my money?
No. A company registration confirms that a company legally exists. It involves no capital requirement, no client-money rules, no audit of segregation and no supervision of how deposits are handled. There is no compensation scheme and no ombudsman behind it.
Can I withdraw my money from TradeSmart?
Most reviewers say yes, often within one to two business days, and some report five-figure payouts. A minority tell a different story: profits voided or the account closed when a withdrawal was requested, with only the deposit returned. The firm states in those cases that the identity documents supplied were forged. Withdrawals are crypto only, with a 15 USD minimum and a 50,000 USD cap per invoice.
Is my money safe with TradeSmart?
No one guarantees it. The site advertises segregated accounts, Tier 1 liquidity and negative balance protection, but with no regulator and no published audit these are company promises rather than verified safeguards, and an industry review reports the client agreement contradicts the website on segregation and negative balance protection.
Who owns TradeSmart?
The firm discloses its legal entity, registration number, registered address, a Sofia office and departmental email addresses, but it names no directors, officers or owners anywhere on the site, and we found no Bulgarian legal entity behind the Sofia address.
How old is TradeSmart?
The brand has been a working broker site since at least May 2022, so roughly four years. The company that holds client money today was formed in 2024 and is the third entity to run the website. The domain's 1996 registration date is misleading, since it was still a domain-for-sale page in December 2021.
Is TradeSmart a clone of another broker?
No. It uses its own name, its own domain and its own company, and it does not quote another firm's licence number. The opposite problem exists: several unrelated operations use the TradeSmart name, including tradesmart.io, tradesmartfx.net, tradesmart1.com and TRADE SMART X, and regulators have warned about those.
Why does the FCA warning list mention TradeSmart?
Because of other businesses. The UK regulator has published warnings about @tradesmart / Williamtradesmart / tradesmart.io in October 2024, Tradesmartfx / tradesmartfx.net in July 2024 and TRADE SMART X in February 2025. Greece's regulator warned about tradesmart1.com in 2022. None of these notices names tradesmart.com or TradeSmart Capital Limited.
Can UK, EU or US clients use TradeSmart?
The terms exclude residents of the EEA, the United States, Canada, North Korea, Syria and Iran. The United Kingdom was removed from that list after 2023, so UK residents are accepted by a firm with no UK authorisation. Reviewers posting from the United States also describe live accounts, which sits oddly with the stated exclusion.
Why does TradeSmart only accept cryptocurrency?
The firm does not say. The practical effect is that no bank or card network sits between you and the company, so the chargeback and recall routes that normally recover money from an uncooperative broker are not available. An unlicensed broker with crypto-only rails leaves a client with no financial intermediary to appeal to.
What is the 100 percent SmartBoost bonus worth?
It matches deposits of 250 USD or more up to 1,000 USD and the firm states that profits made with it can be withdrawn without restriction. Bonuses of this size invite larger deposits and, with leverage up to 1:2000, far larger losses. Read the bonus terms before accepting, since the conditions, not the headline, decide what you can take out.
What should I check before depositing with any broker?
Find the licence number, then look it up on the regulator's own register and confirm the licensed entity is the one that will hold your money. Check that the payment methods include a bank or card route. Read the withdrawal policy before you deposit. And search the exact domain name, not the brand, since brand names collide and warnings often attach to a different website.
I think I have been scammed by a broker. What should I do?
Stop sending money, especially to anyone promising to recover your funds for an upfront fee, which is a second scam aimed at the same victims. Gather dates, amounts, transaction identifiers and all correspondence. Ask the firm in writing for the clause it relies on. Report it to the financial regulator and police in your own country, and to your bank or crypto exchange if a transfer is recent.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since August 19, 2026
The company behind the site, its registration number and its domains are unchanged since the last assessment, and it still holds no financial licence. Two input facts are now documented: the firm's official social profiles (Facebook, Instagram and X, all linked from its own footer), and the two predecessor entities that previously operated the same website, Tradesmart Ltd in Georgia and Tradesmart LLC in Saint Vincent and the Grenadines.
- October 9, 2026CurrentHigh risk (unverified)63% risk
- August 19, 2026High risk (unverified)65% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
Treat TradeSmart as an unregulated, crypto-funded offshore broker and size any exposure accordingly.
- Do not send money you need back. With no regulator and crypto-only rails, there is no chargeback, no ombudsman and no compensation scheme. Recovery depends entirely on the firm's goodwill.
- If you are in the UK, the EEA, the US or Canada, use a locally authorised broker. You would be giving up statutory protections that cost you nothing at a regulated firm.
- If you already have an account, withdraw profits in small, regular amounts rather than letting a balance build; complete identity verification before you trade, not when you withdraw, since that is where the disputes start; and keep your own records of deposits, trades and withdrawal requests with dates and transaction identifiers.
- Be careful what you are reading about. Several differently owned operations use the TradeSmart name. Warnings about tradesmart.io, tradesmartfx.net, tradesmart1.com and TRADE SMART X are about other businesses, and likewise a clean record for one does not clear another.
- If funds are withheld, ask in writing for the specific contractual clause relied on, keep every reply, and report the matter to the regulator in your own country, which can publish a consumer alert even where it has no power over an offshore firm.
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 October 9, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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