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Smart Trader Review: is smarttrader.com Scam?

Smart Trader Review: is smarttrader.com Scam?

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Welcome the Smart Trader review. The site that we are focusing on in this review is found on this domain Smarttrader.co and its operators are based in India. This is different from smarttrader.com, which is a free chart and market analysis software website.

Smart Trader discloses ownership information where they cite Daice Paul as the Founder and Managing Director, Aman (Head of Trading) and Rahul, Tina & Smith who are introduced as back-end team.

Smart Trader owns and operates this YouTube page which has over 60,000 subscribers. So this is in line with their claim that Smart Trader has over 30,000 followers.

They offer trader training courses, trading strategies and stock picking analysis. In addition to this, they are promoting stock brokers in India such as Zerodha, 5Paisa and upstox.com whereby if you open an account with any of the three, Smart Trader will let you access 3 smart strategy videos, lifetime access to Smart Trader Telegram channel and discount on trader education.

To contact them, traders can either call this tel:917892652481 directly or use their YouTube channel.

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Smart Trader Review

There is plenty of feedback regarding the services offered by this site on their YouTube page but this kind of activity cannot be found elsewhere on the web.

 

It appears that the service is heavily marketed on this social media channel as opposed to the popular trader forums on the internet.

The site tells us that they do not believe in promises and that they are proving their services by their action.

It is not clear what action they are using to prove their trading prowess.

Their YouTube channel has many videos where followers are taught how to trade stocks but there is no evidence of live trading, and neither does Daice Paul produce his live trading record.

On the sales page, Smart Trader claims that the mission of this operation is to educate and motivate Indian traders.

It is not clear whether any trader has subscribed to the course offered by Smart Trader and succeeded in making returns from the Indian stock market.

However, their huge following on YouTube might suggest that Mr. Paul of Smart Trader is possibly offering something else that followers are interested in. Note: We offer Forex trading signals here. If you’d like to find out, visit this page.

Smart Strategies

Through online videos, learners can choose their various strategies depending on whether they want to trade Equities, Commodities, Futures or Currencies.

To get in touch with the team, traders have been provided with Whatsapp contact.

It might not be a scam. But one thing you have to know is that nowhere in the sales page did Daice Paul give us evidence of live trading to prove that he makes money using the techniques he is teaching.

We have seen this kind of thing with many trading schools out there. A good example would be the Forex Army website.

It is better to follow a trading educator who is also a trader in the live market rather than follow someone who is good in theory but no experience in the practical side of things.

The site however, is not upfront about the cost of these strategies. The operators prefer individuals to inquire directly from them rather than listing these prices openly for traders to make up their mind as soon as they land on the sales page.

For the full stock market training, learners get lifetime access to 3 Intraday Smart Strategy and Smart Trader guidance. Inquiries have to be made through whatsapp. Like in the first case, no charges were revealed upfront.

Generally, the official website is only touching on bits of information here and there with nothing concrete to compel a learner to sign up.

We are not told what these strategies are. The site also does not have a proper introduction in their about us page since this is a very brief page with generic content and pictures representing the founder and the team members.

To make a decision of whether or not Smart Trader is the ideal stock trading school, their YouTube channel would provide useful insights.

Smart Trader Review – Youtube channel experience

The engagement is quite good and there are also plenty of videos on stock picking strategies.

Most of the videos there are presented by Paul himself. What we do not have are videos showing live performance of trading.

Mr. Paul prefers to use the mentor approach rather than the practical trader approach.

The YouTube videos which are posted here are for trader education where he teaches strategies, tips and tricks on how to handle the stock market.

These can be watched for free, and from what I have seen in the comments, these videos are in-depth and educative.

Is Smart Trader a scam?

It might not be a scam. But one thing you have to know is that nowhere in the sales page did Daice Paul give us evidence of live trading to prove that he makes money using the techniques he is teaching.

We have seen this kind of thing with many trading schools out there. A good example would be the Forex Army website.

It is better to follow a trading educator who is also a trader in the live market rather than follow someone who is good in theory but no experience in the practical side of things.

Our best advice for you

We appreciate the work that goes into creating these training video clips for Smart Trader followers. However, we are concerned with the fact that there is not a single person who proved that they’ve been profitable with this training program. Secondly, the team behind this site do not have a verified track record of live trading. So while they are doing a good job at analyzing the stock market, they are doing a poor job at proving to us that they are professional traders. For that reason, we advice traders to stick with these solutions.

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