Review of the Binary Options Broker Tradesmarter
Tradesmarter is one of the main Binary Options Broker in the industry and it offers a lot of underlying assets to trade with options, such as currency pairs (Forex), commodities, indices and stocks. This company was founded in 2008 and has a web based trading platform.
Type of Broker
Tradesmarter is a Binary Options Broker
Country of origin
The headquarters of this broker are located in Cyprus.
For the moment, Tradesmarter is not regulated. However, currently this company is in the process of regulation with the CySEC of Cyprus, the financial regulatory agency in that country.
- Forex: 8 different currency pairs, including the most important like the EUR/USD, GBP/USD and USD/JPY and other more exotic such as the NZD/USD for example.
- Indices 5 of the most important stock indices from the US market and the european markeyt. Among the indices offered by Tradesmarter, the trader has the possibility to trade with options based in the S&P 500, ASX 200, Nasdaq, FTSE 100 and CAC 40.
Commodities: 5 of the most important commodities Futures of the market, including Gold Future, Silver Future, Copper Future, Crude Oil Future and Natural Gas Future.
Stocks: 39 of the most important stocks from the US market, the european market and the australian market, including Apple, Google, Microsoft, Amazon, HSBC Holdings, Barclays, BP, Lloyds, Rio Tinto and CSL among other.
Types of Binary Options
Tradesmarter offers the possibility to trade with the following type of binary options:
- Above/Below Binary Options: This is the most common and traded type of binary option due to its simplicity and the high and fast income that offer. In this case, the trader only has to determine if the price of the underlying asset is going to be up or down once the option expires. The expiration period of the options offered by Tradesmarter is 1 hour.
Payments Offered by Tradesmarter
- This broker has an easy to use and web based trading plataform with all the funtions need it to trade with Binary Options. This application can be accessed through the company´s website from any place with Internet connection.
For the moment, Tradesmarter do not offers demo accounts anymore. However it offers one-to-one training with expert account managers.
Main Advantages of Tradesmarter
- Tradesmarter is in the process of acquiring the regulation by CySEC of Cyprus.
- It offers the possibility to open a demo account with no limit of time.
- Tradesmarters offers regular bonuses for the opening of trading accounts and the deposit of funds. Also, there are bonuses for regular clients.
- This broker offers a good customer service through e-mail, telephone and chat in the website of the company. This chat can be accessed 24 hours a day.
- Tradesmarter offers a lot of underlying assets to trade with Binary Options, such as currency pairs, stocks, indices and commodities.
- This broker offers an intuitive an easy to use trading plataform that is web based and can be accessed from any place with Internet connection. This application includes funtions such as zoom option / scale / full grid.
- No commisions and no fees of any kind.
- The traders have the option to set the specific amount of their transactions. For example, it is possible to perform trades with $11, $ 15, $ 19, $ 25, $100, $500 etc.
- The accounts can be opened in US dollars, sterling pounds and euros.
- Also, Tradesmarter offers one-to-one trading support and training to their clients. The free training/support depends on the initial deposit levels.
- Tradesmarter launched the Binary Options Trading Club, a service created for VIP customers which provides:
- Larger lot sizes of up to $ 2000.
- Faster withdrawals.
- A personal account executive.
- Access to the latest trading tools, including advanced price charts.
- Extra promotions, including a welcome bonus of 50%.
- Tradesmarter offers the possibility to earn money by promoting its services as a Binary Options broker through an affiliate program called Tradesmarter Affiliates.
Main Brokers Offers
Tradesmarter offers interesting bonus package for new and regular clients. These bonuses depends on the amount of money deposited by the clients in their accounts and can be from 25% to 50%.
|Minimum account size||
The minimum deposit to start trading with Tradesmater is 250 dollars, euros or sterling pounds, depending on the currency chosen by the client to open the trading account.
The maximum account deposit is 5000 dollars, euros or sterling pounds.
|Minimum transaction size||20 US dollars/euros.|
|Maximun transaction size.||2500 US dollars/euros.|
|Link to the website||Tradesmarter Website|
|Open an account|
The following is a video explaining the operation of the trading plataform offered by Tradesmarter: