According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MT4
- MT5
- IRess
- ASIC
- VFSC
- CMA
- FSC (Mauritius)
- 2007
Our Evaluation of Trademax
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Trademax is a moderate-risk broker with the TU Overall Score of 6.85 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trademax clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Trademax (TMGM) is an ECN-based CFD broker serving clients in more than 150 countries.
Brief Look at Trademax
Trademax (TMGM) is a CFD and Forex broker operating since 2013. The company offers its clients trading in five asset classes, including currency pairs, equity contracts, indices, energy and precious metals. Trademax has two offices, one in Australia (where the broker was founded) and one in Vanuatu. Services are provided under licenses from the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
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- more than 15,000 trading instruments.
- Spreads from 1.0 pips.
- HUBx copy trading service.
- 3 trading terminals.
- Training for traders
- No MAM or PAMM accounts.
- You cannot access your account without verification.
- Support works 24/5.
TU Expert Advice
Author, Financial Expert at Traders Union
Trademax (TMGM) offers a diverse range of trading instruments, including Forex pairs and CFDs on stocks, indices, energies, and metals. The broker provides ECN-based trading with two account types: one featuring low fixed commissions and the other with floating spreads starting at 1.0 pips. The HUBx copy trading service enables passive investment opportunities, and traders can benefit from leverage up to 1:1000. MT4, MT5, and iRess platforms are supported, catering to both novice and experienced traders.
However, Trademax lacks support for MAM or PAMM accounts and users must complete a thorough verification to access accounts. Client support is not available on weekends and there is an inactivity fee. With robust regulatory oversight from ASIC, Trademax may appeal to experienced traders who prioritize a broad instrument range and use inherent leverage efficiently, while novice traders may explore other options for simpler account management and support.
Trademax Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), iRess |
|---|---|
| 📊 Accounts: | Edge, Classic |
| 💰 Account currency: | USD, EUR, GBP, AUD, CAD, NZD |
| 💵 Deposit / Withdrawal: | Credit cards, bank transfer, Neteller, Skrill, Paytrust, Sticpay, Fasapay, Revolut, Wise, Regional Operators |
| 🚀 Minimum deposit: | 50 USD |
| ⚖️ Leverage: | 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Currency pairs (50), equity CFDs (15,000), indices (15), metals (3), energy resources (2) |
| 💹 Margin Call / Stop Out: | 100%/40% |
| 🏛 Liquidity provider: | More than 20 major banks |
| 📱 Mobile trading: | Sí |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | The account has an inactivity fee |
| 🎁 Contests and bonuses: | No |
The broker Trademax (TMGM) offers its clients access to five classes of trading instruments. These include currency pairs and CFDs on stocks, indices, energy and metals. Traders have access to margin trading with a leverage of 1:100 for CFDs on energy, up to 1:400 for CFDs on metals and up to 1:1000 for other types of instruments. The company's clients can test strategies on a free demo account. There is also the possibility of swap-free trading (for traders who have opened a Raw spread account).
Trademax Key Parameters Evaluation
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Trading Account Opening
To start trading with Trademax, you need to become a client of the broker by opening a trading account. A quick guide looks like this:
On the home page, click on the Portal button. Next, the login/registration menu will open. At the top of the screen, select Register.
Next, you will open a registration form that includes three stages - basic information, additional information and account settings. Here you should enter all the data about the user - last name, first name, age, residential address, financial information, etc. financial, etc. Also, this information will need to be confirmed at the verification stage. In the Account Settings section, you need to select the account type, leverage and base currency.
The last stage of registration is verification. To go through it, you must upload scanned copies of your ID and a document confirming your residence address.
Also in the Trademax (TMGM) trading account, you have access to:
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News and financial reports on trading instruments listed on Trademax.
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Trader's statistics: the platform analyzes trades, provides information on the ratio of profitable and loss-making trades, a list of trading instruments the trader works with, the opening time of trades, etc.
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Connection to copy trades. To do this, click on the Apply HUBx button in your account, and you will see a list of traders who offer their trades for copying.
Regulation and safety
Trademax has a safety score of 9.7/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 18 years
- Strict requirements and extensive documentation to open an account
Trademax Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 VFSC |
Vanuatu Financial Services Commission | Vanuatu | No specific fund | Tier-3 |
 ASIC |
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
| CMA (Kenya) | The Capital Markets Authority | Kenya | KES 50,000 | Tier-2 |
Trademax Security Factors
| Foundation date | 2007 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Trademax have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Trademax with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Trademax’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Trademax Standard spreads
| Trademax | Pepperstone | OANDA | |
| EUR/USD min, pips | 1 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,6 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Trademax RAW/ECN spreads
| Trademax | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Trademax. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Trademax Non-Trading Fees
| Trademax | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 30 | 0 | 0 |
Account types
The TMGM broker offers its clients five types of trading accounts. In particular, the Raw Spreads Account and the Variable Spreads Account are available. The maximum leverage on both types of accounts is up to 1:1000, but it may vary depending on depending on the selected trading instruments: up to 1:100 for energy carriers and up to 1:400 for precious metals. All account types have a minimum deposit of 100 USD. In the case of trading accounts, the market execution type is provided.
Account types:
Demo accounts are available for all trading terminals of the broker.
Trademax (TMGM) is an ECN broker that offers traders freedom of choice in terms of trading instruments and trading commissions.
Deposit and withdrawal
Trademax received a High score for the efficiency and convenience of its deposit and withdrawal processes.
Trademax excels by providing a broad selection of payment methods, ensuring minimal costs and a seamless experience for users seeking efficient fund management.
- Bank wire transfers available
- Bitcoin (BTC) accepted
- Wise transfers supported
- Supports 5+ base account currencies
- PayPal not supported
What are Trademax deposit and withdrawal options?
Trademax stands out with an excellent selection of deposit and withdrawal methods, a variety of base currencies, and zero broker fees, making it an excellent choice for traders seeking low costs and maximum flexibility. Available methods include Bank Card, Bank Wire, Wise, Skrill, Neteller, BTC, USDT.
Trademax Deposit and Withdrawal Methods vs Competitors
| Trademax | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | Yes | No | No |
| BTC | Yes | No | No |
What are Trademax base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Trademax supports the following base account currencies:
What are Trademax's minimum deposit and withdrawal amounts?
The minimum deposit on Trademax is $50, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Trademax’s support team.
Markets and tradable assets
Trademax offers a wider selection of trading assets than the market average, with over 15000 tradable assets available, including 50 currency pairs.
- Copy trading platform
- 15000 assets for trading
- Indices trading
- Futures not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Trademax with its competitors, making it easier for you to find the perfect fit.
| Trademax | Plus500 | Pepperstone | |
| Currency pairs | 50 | 60 | 90 |
| Total tradable assets | 15000 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Trademax offers for beginner traders and investors who prefer not to engage in active trading.
| Trademax | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
Trademax received a score of 7.25/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- Trading bots (EAs) allowed
- Free VPS for uninterrupted trading
- MetaTrader is available
- One-click trading
- No access to API
- No access to a proprietary platform
- No access to cTrader and its advanced tools.
Supported trading platforms
Trademax supports the following trading platforms: MT4, MT5. This selection covers the basic needs of most retail traders. We also compared Trademax’s platform availability with that of top competitors to assess its relative market position.
| Trademax | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | Yes | No | Yes |
| cTrader | No | No | Yes |
| TradingView | No | Yes | Yes |
| Proprietary platform | No | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | No | Yes | Yes |
Key Trademax’s trading platform features
We also evaluated whether Trademax offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | Yes |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | Yes |
| Supported indicators | 68 |
| Tradable assets | 15000 |
Additional trading tools
Trademax offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Trademax trading tools vs competitors
| Trademax | Plus500 | Pepperstone | |
| Trading Central | No | No | No |
| API | No | No | Yes |
| Free VPS | Yes | No | Yes |
| Strategy (EA) builder | No | No | Yes |
| Autochartist | No | No | Yes |
Mobile apps
Trademax supports mobile trading, offering dedicated apps for both iOS and Android. Trademax received a score of 6.5/10 in this section, indicating a generally acceptable mobile trading experience.
- Mobile alerts supported
- Solid iOS user feedback, with a rating of 4.0/5
- Strong Android user ratings, currently at 4.0/5
- Low app installs across iOS and Android
- Mobile 2FA not supported
We compared Trademax with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| Trademax | Plus500 | Pepperstone | |
| Total downloads | 10,000 | 10,000,000 | 100,000 |
| App Store score | 4.0 | 4.7 | 4.0 |
| Google Play score | 4.0 | 4.4 | 4.0 |
| Mob. 2FA | No | Yes | Yes |
| Mob. Indicators | No | Yes | Yes |
| Mob. Alerts | Yes | Yes | Yes |
Education
There is a training course on the website Trademax (TMGM). It is divided into three blocks: for beginners, advanced and experienced traders. They must be followed in order, and each new block is opened after studying the previous one.
Trademax (TMGM) does not offer cent accounts to its clients, therefore, users can only practice and apply their knowledge on a demo account.
Customer support
Support operators are available 24 hours a day, 5 days a week. Not available on weekends.
Advantages
- In the online chat, you can ask a question without being a customer of the company.
- Support available in 10 languages
Disadvantages
- Operates 24/5
The broker offers the following communication channels
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phone
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e-mail;
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online chat.
Both clients of Trademax (TMGM) and traders without an active account can ask questions to the support.
Contacts
| Foundation date | 2007 |
|---|---|
| Registration address | Level 28, One International Tower, 2000 Barangaroo Avenue, 2000 Sydney NSW, Australia |
| Regulation |
ASIC, VFSC, CMA, FSC (Mauritius)
Licence number: 436416, 40356 , 209/6921, GB22201012 |
| Official site | https://www.tmgm.com/ |
| Contacts |
+61 2 8036 8388
|
Comparison of Trademax with other Brokers
| Trademax | Bybit | Eightcap | XM Group | Exness | AMarkets | |
| Trading platform |
MT4, MT5, IRess | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, AMarkets App |
| Min deposit | $100 | No | $100 | $5 | $10 | $100 |
| Leverage |
From 1:100 to 1:500 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 40% | No / 50% | 80% / 50% | 100% / 50% | 60% / No | 50% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | No |
Detailed review of Trademax (TMGM)
The broker Trademax offers its clients attractive trading conditions. The platform has more than 15,000 trading instruments, including currency pairs and contracts for difference (CFD). The broker offers its clients Market Execution for the execution of orders. of orders. The company supports automated trading, and trading advisors can be used in MetaTrader 4 and MetaTrader 5 terminals. Demo and Islamic accounts are also available for users.
TMGM in figures:
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Over 100 billion USD of cumulative trading volume since its launch.
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More than 150 countries represented by the broker's clients.
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More than 15,000 trading instruments.
Trademax (TMGM) is the trading and investment broker that offers its clients
Trademax offers its clients to trade with ECN (Electronic Communication Network) technology. Traders get direct access to highly liquid providers. This guarantees a high speed of order high speed of order execution and minimum spreads. TMGM clients have access to currency pairs and CFDs on stocks, precious metals, energies and stock indices. For passive investments, traders can use the HUBx trade copying service.
Trading on Trademax is done via desktop and mobile trading terminals. Webtrader is also available. The company imposes no restrictions on the use of any trading strategy.
Useful services from Trademax (TMGM):
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Economic Calendar. The company's clients can follow all important events expected in the trading world. The economic calendar shows the calendar for the next two weeks. It is also possible to set filters and sort by assets, volatility, etc.
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Market Buzz is a market sentiment indicator. Traders can set it in timeframes from 1 hour to 1 month. The indicator shows the number of buy/sell trades, the number of articles and social media posts about an asset, etc.
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VPS. The company provides traders with VPS servers, which will allow them to keep trades open, even if the trading terminal is closed. VPS is available to all clients of the broker.
Advantages:
There are five asset classes available for trading.
All client funds are held in segregated accounts.
Protection against negative balances is active.
The popular HUBx trading platform is available to investors.
Automated trading is allowed.
The broker offers free analytics and online tools to improve the quality of trading.
All analytical tools, a VPS server and other options are provided to TMGM traders free of charge.
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