Tradesmartfx is a CFD broker whose domain was registered on October 27, 2023. This broker primarily provides investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services in countries or regions where doing so would violate local laws or regulations.
Company Registration and Regulatory Status
According to the information available on the official website of Tradesmartfx (www.tradesmartfx.net), the broker was founded in 2016, with its entity registered in Australia as VLS and regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose detailed registration and regulatory licensing information.
Upon verification, ASIC does not list a regulated company named “VLS.”
Therefore, Tradesmartfx (www.tradesmartfx.net) is essentially a fraudulent broker without any entity or regulatory oversight.
Account Opening Process
To open an account with Tradesmartfx, visit their official website, click "Open Account" on the homepage or "SIGN UP" in the top right corner. Fill out your name, email, and other required personal information, set a password, submit the form, and verify your account to complete the registration.
Trading Instruments
Tradesmartfx offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and enhance potential returns with high leverage.
- Commodities: Commodity trading covers key resources in global markets, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading lets investors participate in the price fluctuations and dividends of publicly listed companies without actually holding the shares.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Tradesmartfx offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Enjoy full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals daily
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use with any broker
Trading Platform
Tradesmartfx offers its proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over 12,000 orders executed per second through comprehensive liquidity providers.
Deposits and Withdrawals
Tradesmartfx only supports deposits and withdrawals via cryptocurrency.
Summary
Traderknows reminds investors that Tradesmartfx is a scam broker that lures investors with promises of high returns. This site lacks both a company entity and any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
