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Home -
Broker -
TradeSmart -

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

TradeSmart

India | 5-10 years |
Suspicious Regulatory License | Self-developed | High potential risk

https://tradesmartonline.in/

Website
Open Account Time Machine

Rating Index

Influence

Influence

C

Influence index NO.1

India 5.39
Surpassed 16.10% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+91 022-61208000
contactus@vnsfin.com
https://tradesmartonline.in/
A-716, Krishna Towers, Civil Lines, Kanpur - 208001

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-09-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic Information

Registered Region
India
Operating Period
5-10 years
Company Name
TradeSmart Fintech Securities Limited
Customer Service Email Address
contactus@vnsfin.com
Contact Number
+9102261208000
Company Website
https://tradesmartonline.in/
Marketing Strategy
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Wiki Q&A
Comment

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Sources
Language
Mkt. Analysis
Creatives
Data Sources WikiResearch

Website

tradesmartonline.in
104.28.6.119
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
2013-04-02
Website
WHOIS.INREGISTRY.NET
Company
GODADDY.COM, LLC (R101-AFIN)

Genealogy

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Relevant Enterprises

TRADESMART FINTECH SECURITIES LIMITED(India)
Active
India
Registration No. U67120UP1995PLC018225
Established 2019-10-26
Related sources Website Announcement

Company Summary

TradeSmartReview Summary
Founded2013
Registered Country/RegionIndia
RegulationNo Regulation
Trading InstrumentsStocks, futures, options, currencies, and commodities
Products TradeSmart Mobile App, TradeSmart Desktop, TradeSmart Web, TradeSmart API, BOX, TradeSmart MF, Instaoption, and Integrations
LeverageUp to 1:5
Spread/
Trading PlatformTraderSmart APP
Minimum Deposit/
Customer SupportPhone: +91 022-61208000
Email: contactus@vnsfin. com
Social Media: Facebook, Twitter, Instagram, LinkedIn, YouTube, Telegram
Address: A-401, Mangalya, Marol, Andheri East, Mumbai - 400059

TradeSmart Information

Founded in 2013 and headquartered in India, TradeSmart is a financial services provider. It offers a diverse range of trading tools and platforms, including the TradeSmart Mobile App, TradeSmart Desktop, TradeSmart Web, TradeSmart API, BOX, TradeSmart MF, Instaoption, and Integrations. In order to meet the needs of different clients, the company has two types of accounts: Value accounts for low-frequency and small traders, and Power accounts for high-frequency and high-volume traders.

However, TradeSmart is currently unregulated and its legitimacy is a cause for concern.

TradeSmart's homepage

Pros and Cons

ProsCons
Various products offeredNo regulation
Limited info on account features
Unclear fee structure
Limited info on deposit and withdrawal

Is TradeSmart Legit?

No. TradeSmart is not regulated, and traders must exercise caution when trading.

No license
Domain information

What Can I Trade on TraderSmart?

Trading InstrumentsSupported
Stocks✔
Futures✔
Options✔
Currencies✔
Commodities✔
Indices❌
Cryptocurrencies❌
Bonds❌
ETFs❌

Products

TraderSmart's products include a variety of trading tools: TradeSmart Mobile App, TradeSmart Desktop, TradeSmart Web, TradeSmart API, BOX, TradeSmart MF, Instaoption, and Integrations.

Products

Account Types & Fees

TradeSmart offers traders with Demat accounts for trading. There are two different programs available: Value and Power, for traders to choose from.

The primary role of a Demat account is to digitize the storage, management, and trading of securities, providing investors with an efficient, secure, and transparent investment experience.

Below is information on the two account plans:

Value AccountPower Account
Target TradersLow-volume, high-frequency tradersHigh-volume, high-value traders
Brokerage Fee0.007%₹15 per order (regardless of trade size or type)
Intraday Cash, Futures, CurrencySuitable for low-volume, high-frequency tradingSuitable for high-volume, high-value trading
Commodities > 0.007%, Delivery > 0.07%, Options > ₹7 per lotSupports low-cost commodities and options tradingSupports higher-cost commodities and options trading
LeverageUp to 1:5 (Equity, F&O, Currency, and Commodities)Up to 1:5 (Equity, F&O, Currency, and Commodities)
Margin Against Shares Support YesYes
Minimum CommitmentNoNo
Account comparison

Leverage

TradeSmart has 1:5 leverage on stocks, F&O, currencies, and commodities. Please note that high leverage can amplify not only profits but also losses.

Leverage

Trading Platform

TradeSmart supports trading using the proprietary TraderSmart APP. Only Rs. 15 per trade is charged as commission for trading on this platform.

Trading PlatformSupported Available Devices Suitable for
TraderSmart✔Desktop, Mobile, Web/
MT4❌/Beginners
MT5❌/Experienced traders
TraderSmart

Deposit and Withdrawal

TraderSmart accepts payments via bank wire transfer and NEFT transfer.

A total of 29 banks are supported as listed below:

Axis Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Capital Small Financec Bank, Catholic Syrian Bank, City Union Bank, Deutsche Bank, Dhanlaxmi Bank, Federal Bank, HDFC Bank, IDFC First Bank, ICICI Bank, Indian Bank, Indian Overseas Bank, Indusined Bank, Jammu and Kashmir Bank, Karnataka Bank, Karur Vysya Bank, Kotak Mahindra Bank, Lakshmi Vilas Bank, Punjab National Bank, Saraswat Bank, State Bank of India, Tamilnad Mercantile Bank, Union Bank of India, YES Bank, and AU Small Finance Bank.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Self-developed
  • High potential risk

Wiki Q&A

Phoebe Yao
Within 1 year

Can you tell me what the typical spread is for EUR/USD when using a standard account with TradeSmart?

WikiFX Reply
In my experience as a trader looking into brokers, transparency around costs—especially spreads on major pairs like EUR/USD—is absolutely crucial. When assessing TradeSmart, I found their disclosure around spreads to be quite limited. According to the information available, TradeSmart focuses mainly on Indian equity, F&O, and commodities, but does support currency trading. However, there is no explicit information regarding the typical spreads for EUR/USD or for standard accounts in general. From my perspective, this lack of clear data raises potential concerns. With reputable brokers, I expect concrete details about spreads as it determines a major part of trading costs, particularly for active strategies. The only indication of trading costs at TradeSmart relates to their fixed commission of ₹15 per order, rather than variable spreads, and their platform does not appear to offer the widely-used MT4 or MT5 where such information is usually more standardized. For me, this uncertainty is a red flag: without verified spread information, it is not possible to accurately estimate total trading expenses. Given that TradeSmart is unregulated and there are gaps in fee disclosures, I approach this broker with significant caution. If locked-in, transparent spreads on EUR/USD are critical for your strategy, I honestly recommend that you request specific details directly from TradeSmart before proceeding or consider other brokers with established reputations and fully disclosed trading conditions. Careful due diligence is imperative to control risk in such environments.
Broker Issues
TradeSmart
Fees and Spreads
In a week
United States
S jonas
Within 1 year

In what ways does TradeSmart’s regulatory status help safeguard my money?

WikiFX Reply
Speaking from my experience as a forex trader, regulatory oversight is one of the most important factors I consider when evaluating a broker. In the case of TradeSmart, I did not find any evidence of regulation by a recognized financial authority. This lack of regulation is particularly concerning to me, as it means there are no external agencies monitoring TradeSmart’s operations, risk management practices, or client fund protections. Regulatory bodies are designed to enforce critical safeguards such as segregation of client funds, transparent pricing, dispute resolution, and minimum capital requirements. Without such oversight, I believe that my funds could be more exposed to operational risks or even potential misconduct on the broker’s part. From a risk management perspective, even if TradeSmart offers a modern platform and a variety of trading products, the absence of regulatory supervision leaves me with unresolved questions about what protections exist if something goes wrong—such as insolvency or withdrawal issues. Additionally, the single user complaint I came across about withdrawal problems only adds to these worries. Personally, I feel much more secure trading with brokers that are firmly regulated and whose practices are subject to frequent audits. In summary, in my judgment, TradeSmart’s regulatory status does not offer any meaningful safeguards for my money, and for me, that is a non-trivial consideration in broker selection.
Broker Issues
TradeSmart
Regulation
09-04
United States
Rpy Sundram
Within 1 year

Considering both user feedback and your own assessment, how legitimate do you believe TradeSmart is?

WikiFX Reply
Having traded in various markets for years, I always assess legitimacy through a strict lens of regulation, transparency, and user experience. In the case of TradeSmart, I have significant reservations. The most immediate concern for me is the lack of regulatory oversight—TradeSmart is not regulated by any recognized authority. This is flagged clearly in their profile, and, for me, operating without regulation inherently exposes traders to added risks regarding fund security, dispute resolution, and operational transparency. Despite their seemingly mature suite of trading platforms and a variety of instruments including stocks, futures, options, currencies, and commodities, the risks posed by their unregulated status outweigh these positives in my judgment. The unclear fee structure, limited details around account features, and ambiguities concerning deposits and withdrawals contribute further to my cautious stance. User feedback also gave me pause; a report details the inability to withdraw funds and a complete loss of deposit, which is a red flag from a trader's perspective. In my experience, even one such unresolved case is enough for deep concern given the financial stakes involved. While TradeSmart may cater well to some traders with its proprietary technology, the totality of evidence leads me to question its legitimacy and avoid engagement given the potential risks to capital and absence of regulatory safeguards.
Broker Issues
TradeSmart
Regulation
08-05
United States
Vladimir
Within 1 year

Is TradeSmart overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?

WikiFX Reply
In my experience as a forex trader, I pay close attention to regulation before trusting any broker with my funds. From my thorough review of TradeSmart, I must stress that this broker is not overseen by any recognized regulatory body. Although TradeSmart has been active for several years and offers a range of trading tools and account types, there is no evidence of a valid license from any financial authority, whether in India or internationally. Personally, I find the absence of regulation troubling. Oversight from an established regulator acts as a safeguard against unethical practices and ensures that client funds are handled with some degree of transparency and security. Without that independent supervision, the risk to traders—both in terms of financial safety and recourse in a dispute—increases significantly. For me, trading with an unregulated broker such as TradeSmart is simply not an option I would consider, no matter how polished the platform or competitive the fees. From a risk management standpoint, I urge other traders to exercise extreme caution. Regulated brokers are held to standards designed to protect investors; TradeSmart, in its current unregulated state, cannot provide that crucial layer of trust. In summary, TradeSmart operates without any formal regulatory oversight, and this is a serious red flag from a safety perspective in my professional opinion.
Broker Issues
TradeSmart
Regulation
07-27
United States
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User Reviews 1

All (1) Exposure (1)
FX3608069193
3-5 years
Exposure
I lost everything
The website was of no response because my withdrawal made it out of control. I thought they should give me a solution including the tnitial deposit of 500.
2021-10-27

Mexico
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