TradeSmarter Review
TradeSmarter Review
March 1, 2012Tradesmarter – Binary Options Broker
Tradesmarter Does Not Accept Trades from the USA
Background
Tradesmarter was launched in 2008 and remains to be one of the pioneers of the binary options industry. As an alternative to the more complicated Forex trading, Tradesmarter was established in order to provide clients with a safe, easy and exciting way to trade the markets.
Tradesmarter specializes in hourly options on currencies, stocks, commodities and indices from global markets. The Tradesmarter trading platform is 100% web-based which allows clients world-wide to trade at their convenience with no download necessary.
Language Support
Tradesmarter caters to their international clientele by supporting their trading platform in 13 languages: English, French, Spanish, Russian, Italian, Latvian, Portuguese, Dutch, Turkish, Arabic, Chinese, Korean and Taiwanese.
One of the benefits of trading binary options is the fact that your risk is predefined, meaning you cannot lose more than your investment amount. When investing with Tradesmarter you can make up to 85% return in just one hour for “in-the-money” trades and receive up to 10% return for trades that close “out-of-the-money.”
Whether you are interested in Forex, stocks, commodities or indices, Tradesmarter has the assets you’re looking for! The platform offers over 90 underlying assets to trade from global markets including all major currency pairs, stocks traded on the NYSE, LSE, ASX and XPAR, Crude Oil and Gold Futures and indices like the S&P 500, FTSE 100 and the CAC 40. Tradesmarter has recently launched Sunday Trading which offers clients the opportunity to trade Middle Eastern Indices every Sunday while all other markets are closed.
Although these are important aspects to see when considering which binary options platform to trade with, Tradesmarter has a few other features which make them one of the top brokers in the industry.
Strong Points
Transparency in pricing: Tradesmarter prices are provided from a real time price feed directly from Reuters.
Safety of Funds: When it comes to the security of client funds, Tradesmarter provides clients with the safest trading environment and is the #1 trusted broker in this industry.
Education: Tradesmarter’s main focus is educating their clients. Anyone reading this review is recommended to take advantage of one of the many educational tools Tradesmarter offers. Tradesmarter supplies clients with educational videos, a full set of tutorial PDFs and free one-on-one training in order to help you get trading. Education can be useful no matter what your experience level is like. More experienced traders can schedule a training call in order to discuss risk management, trading strategies and more.
Tradesmarter’s Chief Analyst distributes a daily market update to all clients with mentions to economic events, assets to keep an eye on and which assets are trading with 85% return that day. This market update is also added to the Tradesmarter blog daily in order to provide clients with this information directly from the platform.
Furthermore, Tradesmarter has just launched live webinars hosted by their Chief Analyst. These webinars are a great way to get further education and a real introduction to binary options trading.
Economic Calendar: Tradesmarter’s economic calendar is one of the many great features of the platform. This provides clients with a view of the upcoming economic events and the level of impact each event will have. This is an excellent tool for all of you that like to stay ahead in the markets and conditions as well as spot any potential breakout scenarios.
Support: Tradesmarter client support is available via phone, email or directly on the trading platform via livechat.
Recap of Strong Points
- Up to 85% return on every trade
- Sunday trading available
- Transparency in pricing
- Safety and security of client funds
- Free education
Usability
The Tradesmarter trading platform is definitely user friendly, easy to navigate and fun to trade on. Opening an account with Tradesmarter can be done in a matter of just a few minutes. All you need to do is enter your details in their registration page and confirm your account via email – that’s it! After following these easy steps your Account Manager will contact you and help you get started. Any questions you have can be found in Tradesmarter’s FAQ page, definitely a must read when getting started with a new broker. When you are ready to fund your account you can do so on their banking page with one of the many deposit methods: credit card, debit card, wire transfer, moneybookers and other local payment options available according to country.
In addition to their FAQ page, Tradesmarter has a ‘learn’ section on their platform that teaches the basics to binary options.
When logged in, all Tradesmarter client can view their account details and past trades. The Tradesmarter homepage also has a “My Open Positions” section which allows you to view your open trades and the details of each trade.
Tradesmarter’s platform is totally web-based and does not require any downloads. This allows clients the convenience of trading from anywhere anytime. Another convenience for clients is their “one click trading” which allows for speedy trading executions.
You can invest with as little as $20 and as much as $2500 depending on your confidence on the trade.
Those who are new to financial trading will find this platform very suitable for beginners.
Number of Assets
Tradesmarter offers over 90 underlying assets including all major currency pairs, stocks traded from global stock exchanges including NYSE, LSE, ASX and XPAR, Gold Futures, Crude Oil and indices listed on global stock exchanges.
Expiry Range of Options
Tradesmarter specializes in hourly options on currencies, stocks, commodities and indices
Effective Return
The effective return is the total percentage of return offered on an option. With Tradesmarter to effective return is 70-95% – between the 60-85% for in-the-money trades and 10% for out-of-the-money trades.
Website Extras
Tradesmarter continues to hold the position as one of the leaders in the binary options industry by providing clients with educational and information features. One click trading – allows clients to trade quickly and easily with just one click.
Sentiment – Clients can check the sentiment bar on each trade and directly on the trading platform to see what percentage of traders are taking each position and follow the trend.
My Open Positions – Clients can easily keep track of their current trades and the direction of the asset through the ‘My Open Positions’ box on the homepage.
Tradesmarter Blog – As previously mentioned, Tradesmarter’s Chief Analyst distributed a market updated to all clients on a daily basis. These market updates are also updated in their blog so clients can refer back to the highlights for that day of trading directly on the platform.
Learn Section – If you feel like you need a bit more education before getting started just visit Tradesmarter’s learn section. Here you can read about the basics of binary options, watch an introduction video and see the details for Tradesmarter’s upcoming live webinar with Chief Analyst.
Multiple Views – Tradesmarter offers you the choice of viewing your assets in a list view or box view in order to suit your personal trading preferences.
Fees/Commissions
Tradesmarter claims they have no fees, commissions or spreads.
Loyalty Offers
Tradesmarter has monthly promotions, also having the often “all assets trading at 85% return all day” promotions. One major advantage of trading with Tradesmarter is their pending bonus offer. Tradesmarter offers new and existing clients generous bonus offers when funding accounts.
Tradesmarter upholds to the highest standards when it comes to client funds. By taking a cash bonus from many platforms you are really being prevented from withdrawing funds – as you are using the bonus to trade and it is not money you deposited. However, with Tradesmarter your bonus is pending, which allows you the option to withdraw at anytime, and once you receive the bonus you are welcome to continue trading or withdraw your profits.
Payment Methods
In general clients can deposit via credit card, debit card, money bookers and wire transfer. However, there are many other international payment options available depending on the country of residence.
Support Quality
Tradesmarter’s client support is available by phone, email or livechat directly on the platform. Support is offered in English, French, Spanish, Russian, Dutch, German and Korean. When contacting support via email you will receive a quick response and a call from your Account Manager if needed.
Conclusions/Recommendations
Tradesmarter is considered by many to be the industry leader in binary options trading. Obviously we have checked them out and they have been extremely professional in all aspects. The advertised rate of effective return seems lower than the competition, however on the overall they rank extremely high and we were very happy with the money that we made trading online. Overall score would have to be 9/10.
Click Here to Start Trading at TradeSmarter
