Global Broker Regulation Inquiry App
WikiFX
No Regulation
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/10
TradeSmart
India
|
5-10 years
|
Suspicious Regulatory License
|
Self-developed
|
High potential risk
https://tradesmartonline.in/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
India 6.12Surpassed 16.20% 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!
2025-10-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Registered Region India
IndiaOperating Period
5-10 years
Company Name
TradeSmart Fintech Securities Limited
Customer Service Email Address
contactus@vnsfin.com
Contact Number
+9102261208000
Company Website
Marketing Strategy
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Wiki Q&A
Comment
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Sources
Language
Mkt. Analysis
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Data Sources 
WikiResearch
WikiResearchWebsite
tradesmartonline.in
104.28.6.119
Server Location
United StatesICP registration
--
Most visited countries/areas
--
Domain Effective Date
2013-04-02
Website
WHOIS.INREGISTRY.NET
Company
GODADDY.COM, LLC (R101-AFIN)
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
TRADESMART FINTECH SECURITIES LIMITED(India)
Active
India
Registration No. U67120UP1995PLC018225
Established 2019-10-26
Related sources Website Announcement
Employees
VIKAS SINGHANIA
Others
Start date
2023-07-03
Status
Employed
TRADESMART FINTECH SECURITIES LIMITED(India)
SHOBHA SINGHANIA
Others
Start date
2007-06-12
Status
Employed
TRADESMART FINTECH SECURITIES LIMITED(India)
VIJAY KUMAR SINGHANIA
Others
Start date
1995-06-09
Status
Employed
TRADESMART FINTECH SECURITIES LIMITED(India)
Company Summary
| TradeSmartReview Summary | |
| Founded | 2013 |
| Registered Country/Region | India |
| Regulation | No Regulation |
| Trading Instruments | Stocks, futures, options, currencies, and commodities |
| Products | TradeSmart Mobile App, TradeSmart Desktop, TradeSmart Web, TradeSmart API, BOX, TradeSmart MF, Instaoption, and Integrations |
| Leverage | Up to 1:5 |
| Spread | / |
| Trading Platform | TraderSmart APP |
| Minimum Deposit | / |
| Customer Support | Phone: +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.
Pros and Cons
| Pros | Cons |
| Various products offered | No 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.
What Can I Trade on TraderSmart?
| Trading Instruments | Supported |
| 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.
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 Account | Power Account | |
| Target Traders | Low-volume, high-frequency traders | High-volume, high-value traders |
| Brokerage Fee | 0.007% | ₹15 per order (regardless of trade size or type) |
| Intraday Cash, Futures, Currency | Suitable for low-volume, high-frequency trading | Suitable for high-volume, high-value trading |
| Commodities > 0.007%, Delivery > 0.07%, Options > ₹7 per lot | Supports low-cost commodities and options trading | Supports higher-cost commodities and options trading |
| Leverage | Up to 1:5 (Equity, F&O, Currency, and Commodities) | Up to 1:5 (Equity, F&O, Currency, and Commodities) |
| Margin Against Shares Support | Yes | Yes |
| Minimum Commitment | No | No |
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.
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 Platform | Supported | Available Devices | Suitable for |
| TraderSmart | ✔ | Desktop, Mobile, Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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 
1-2 years
Can you tell me what the typical spread is for EUR/USD when using a standard account with TradeSmart?
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
Fees and Spreads
09-08
United States
S jonas
1-2 years
In what ways does TradeSmart’s regulatory status help safeguard my money?
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
Regulation
09-04
United States
Rpy Sundram
1-2 years
Considering both user feedback and your own assessment, how legitimate do you believe TradeSmart is?
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
Regulation
08-05
United States
Vladimir
1-2 years
Is TradeSmart overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?
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
Regulation
07-27
United States
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