TradeSmarter Broker Review

Broker Review: TradeSmarter.com

Note: As of April 1, 2013, TradeSmarter is no longer accepting new retails clients as the company has made shift towards providing trading platforms to online trading companies as opposed to offering retail trading services.

Those traders who would still like to trade on the Tradesmarter platform should sign up for an account on 24Bulls.com.

When choosing a binary options broker to trade with, you have many choices. Finding just the right fit may involve some trial and error. In order to help you find the options broker for you, binaryoptionsnow has decided to review almost all of the online brokers on the market.

Today, we will review TradeSmarter.com and examine how their unique features may benefit you in your search for a reliable binary options broker.

Overview

Like most of their competitors, TradeSmarter offers a wide range of assets to trade binary options with. Here are the numerous assets available for binary options trading with this investment firm:

  • Commodities: Crude oil Future, Gold Future, Natural Gas Future, Platinum Future, Copper Future, Silver Future.
  • 42 Stocks including: Carrefour, HSBC, Vodafone, Rolls-Royce, Gazprom…
  • Currencies: EUR/USD; GBP/USD; USD;CAD; USD/CHF; GBP/JPY; AUD/USD; EUR/GBP; EUR/JPY; NZD/USD; USD/RUB; EUR/RUB.
  • Indices: Dow Jones, S&P 500, FTSE 100, S&P/ASX 200, CAC40, MICEX.

TradeSmarter’s asset index for binary options trading is more inclusive than most of its competitors especially when it comes to commodities and stocks. Their choice of European stocks is extremely comprehensive. Their selection of forex options may be less inclusive than one is used to but it’s still largely enough for options traders who like to dabble in fx options.

Creating an Account

It is quite simple to create an account on TradeSmarter.com, it will only take you a few minutes. Like other brokerages, you have to be over 18 years of age, and have to agree to the company’s terms and conditions. This broker is considered one of the most reliable on the market today due to the fact that they are in the process of being regulated by the Cyprus Securities and Exchange Commission (CySEC).

Unique Features

Among TradeSmarter’s several unique features, here are the three most interesting in our opinion:

While most online binary options brokers offers returns of up to 70-75%, Tradesmarter offers 85% returns on standard binary options, which is quite high.

In addition, TradeSmarter issues binaries on stocks that are considered unique for binary options. You can trade the biggest French companies or even PetroChina, which can be an interesting proposition when trying to diversify away from US stocks, for example.

TradeSmarter’s platform allows traders to watch in real time the general sentiment on the movements of the main currency pairs such as EUR/USD, GBP/USD and USD/JPY. This tool is quite useful for new traders, who may be becoming familiar with forex trading via binary options.

Payouts and Commissions

As we mentioned earlier, the payouts with TradeSmarter are higher than those from many other options brokers. Whether you’re investing in forex options or stock options, the returns are typically around 85%. This broker also offers a 10% return on your investment on average if your option expires out-of-the-money. Moreover, TradeSmarter does not charge any commission; though they do asses a $30 withdrawal fee for wire transfers.

Customer Service

The TradeSmarter website is currently available in 13 languages including English, French, Arabic, Chinese, Spanish and more and it provides numerous customer support phone numbers for the USA, Germany, UK and more if you need to get in touch.

The website also provides a live chat that we tested with precise questions such as the impact of the broker’s CySEC regulation on the safety of traders’ funds and we have to admit that we were very impressed by the answers. We had a representative to chat with in less than 1 minute, which is exceptional since many live chats on other brokers’ websites can take forever to get someone on the line.

For all of these reasons, we truly think that TradeSmarter’s customer service is among the most impressive from those we reviewed.

And, this broker also provides customer support on the phone in English, Spanish and Portuguese for those who would like to get in touch with their broker over the phone.

Conclusions

All in all, TradeSmarter will interest traders targeting not only the most common underlying assets, but also more diverse ones such as European stocks and/or rare commodities. This website is based on excellent customer service and is going through the process of becoming regulated, which makes TradeSmarter stand out above the rest of options brokers as a very reliable and professional financial firm.

 

Want to trade on the TradeSmarter Platform?

Click here to go to 24Bulls.com.

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TradeSmarter Broker Review, 5.0 out of 5 based on 1 rating



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