A scam broker can cause serious financial harm by misusing client funds, manipulating trades, denying withdrawals, and offering false promises, often leaving traders with losses and no legal protection. Such brokers operate without oversight, making recovery difficult. TradeSmart, on the other hand, is a regulated broker, registered with Indian regulatory authorities and recognized stock exchanges, which ensures compliance with rules, transparent operations, and segregation of client funds. This regulatory framework provides traders with accountability, investor protection, and a safer trading environment.