TradeSmart1 Detailed Review
TradeSmart1 Detailed Review

Reviewing the TradeSmart1 broker was definitely not an easy task. With so much opposite information and so many false claims, we needed to determine what to present to you and how to deliver it. Read our final version of the TradeSmart1 review, and you will see for yourself why investing funds with this trading firm is not smart.

Broker status:Unregulated
Regulated by:Unlicensed brokerage
Blacklisted as a Scam by:No Information
Owned by:Trade Smart 1
Headquarters Country:Cyprus
Foundation year:2020
Supported Platforms:Web Trader
Minimum Deposit:250 EUR
Types of Assets:FX, indices, bonds, commodities, shares, cryptocurrencies
Maximum Leverage:N/A
Free Demo Account:No
Accepts US clients:No

What About TradeSmart1 Regulation?

When you visit the broker’s website, the first thing you notice is that it’s located in Cyprus. Therefore, you’re concluding it has to be regulated and legit. Furthermore, the alleged owner is Trade Smart 1, based in London. Here we come to an issue. The company is allegedly regulated by the House of Companies. However, this is just a register of companies based in the UK, not a regulator.

To have a license, the company must contact FCA and obtain one. The final red flag was the statement that governing law is the law of the Commonwealth of Dominica.�

Based on everything, we can conclude that the broker is most likely offshore, pretending to be legit and luring the EU clients this way. Beware of the TradeSmart1 trading scam.

In addition to the above, we strongly advise you not to invest in DeltaStream, DeliTraders and OBRinvest fraudulent brokers.

TradeSmart1 Withdrawal Issues

Of course, when everything is shady, as’s the case with TradeSmart1, withdrawal problems are not a surprise. The broker is preventing clients from getting their money back in different ways. Some clients reported that they could not log in to their account after asking for a payout.

Others, however, were given bonuses at the start of trading without being explained that it would impact withdrawals, and if they wish to get the money back, they will have to reach insane rollovers.

All this means only one- the broker relies on the fact it’s not regulated and avoids paying clients when the time comes.

Areas Of TradeSmart1 Scam

According to TradeSmart1 reviews, the broker is mainly present in Greece, Cyprus, and Albania. This could be a potential reason for the false Cypriot address on their website.

However, note that it cannot provide financial services legally in any country, so whenever you’re approached by TradeSmart1 forex brokerage, make sure to decline the offer for your own safety.

Also remember the names of the FlexInvest, Profit Markets CFD and SelfKings trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Retail Traders About TradeSmart1 Scam

The broker has been marked as a scam on many websites for reviews, such as Trustpilot. It’s negatively rated, with over 60% of clients giving it the lowest score. As per these reviews, clients are forced to deposit enormous amounts of money without seeing a payout even once.

Here’s just one of the examples:

Dangerous scams. Stay away. They ask from you to manage your investments but when you deposit money to them they disappear after.

Defrauded trader from Trustpilot

How Does Online Trading Scam Work?

Usually, online trading scams are created to target innocent clients who have no experience on the market or know very little about it. You will be told that you can make millions without any effort just by putting your funds with a certain company or a particular trading robot.

However, once you ask for a payout, the company will either stall as much as possible, delay you, or freeze your account. In some cases, they might even disappear without any explanations. Be very careful when choosing your broker and look for those with Tier1 licenses.

Scammed by TradeSmart1? – Tell Us Your Story

If you fall victim to the TradeSmart1 scam, let us know. Our specialists may help you file a dispute and request a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse fraudulent online transactions in case you are scammed. Since the process requires representation and evidence submission, we advise you to get assistance.

Contact us via online chat, book a free consultation and let’s get back to what’s rightfully yours.

What Is TradeSmart1?

TradeSmart1 is an online trading brokerage without a license.

Is TradeSmart1 A Scam Broker?

Yes, TradeSmart1 is a fraudulent broker that claims to have UK regulation.

Is TradeSmart1 Regulated?

TradeSmart1 is not regulated and has no authorization to provide financial services despite false claims.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Comment link copied