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Tradesmart

Operating status: Unregulated

Website: https://www.tradesmart.com/

High-Risk Active

Broker violations and abnormal records

Aug 28, 2024 BrokersView has reviewed that Tradesmart is an unregulated broker

Tradesmart claims to be registered in St. Lucia, promoting this registration as proof of its legitimacy. However, forex trading activities are not licensed in St. Lucia. Therefore, Tradesmart is not regulated at all. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Tradesmart appears to be a scam.

Tradesmart claims to be registered in St. Lucia, promoting this registration as proof of its legitimacy. However, forex trading activities are not licensed in St. Lucia. Therefore, Tradesmart is not regulated at all. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Tradesmart appears to be a scam.

Tradesmart claims to be registered in St. Lucia, promoting this registration as proof of its legitimacy. However, forex trading activities are not licensed in St. Lucia. Therefore, Tradesmart is not regulated at all. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Tradesmart appears to be a scam.

Related Complaints

Q&A

Checking if Tradesmart is not a scam.

SaraSherwood

Egypt

Dec 26, 2024

ANSWER Dear Investor, We have reasons to suspect that Tradesmart is a scam. Tradesmart claims to provide services in trading various assets, including forex, indices, and CFDs. However, it relies solely on its alleged registration in St. Lucia to demonstrate its legitimacy and compliance. It is critical to note that St. Lucia, being an offshore area, has lax supervision and provides minimal protections. Additionally, the country does not license forex trading activities. Therefore, we strongly advise against using Tradesmart. For a safer trading environment and peace of mind, it is imperative to thoroughly research your target broker and choose those regulated by top-tier financial regulators.

Hello, please check if Tradesmart legit.

Hamd

Oman

Sep 01, 2024

ANSWER Dear Investor,Thank you for reaching out to us. We have concerns that Tradesmart may be a scam.The company claims to be registered in St. Lucia. However, using this offshore registration as proof of legitimacy is not credible. St. Lucia is known for its lax regulations, and the jurisdiction does not license or regulate forex trading activities.Therefore, we strongly advise against using Tradesmart. For a safer trading environment, we recommend opting for fully regulated brokers instead.

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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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