Trademax (TMGM) Review 2026

Item: Trademax
Rating: 6.52
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: April 10, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $50
Fees 6 /10
Account types 6.3 /10
Regulation 9.7 /10

6.5 /10

Moderate risk

Trademax User Reviews 7.5
Commissions and Fees 6.0
Regulation and Safety 9.7
Account Types 6.3
Deposit and Withdrawal 8.0
Markets and Tradable Assets 7.8
Trading Account Opening 10.0
Trading platforms & tools 7.3
Mobile Apps 6.5
Customer Support 5.9

Trademax Pros & Cons

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 Verdict

Trademax demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

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Trademax User Reviews

Score:

7.5 /10

22 total

5-star

41%
4-star

23%
3-star

23%
2-star

0%
1-star

14%

More than 15,000 trading instruments is truly impressive, and for a trader, it makes a huge difference. And why? Because such a wide choice gives you freedom. You can choose the assets that suit you best, your trading style and your market preferences. For example, if someone only likes to trade currency pairs, there are plenty. Others prefer stocks or indices - no problem either. And if you want to try something new, like commodities or crypto-currencies, you'll find options too. This is particularly valuable when the market for one asset class is inactive or unstable - you can simply switch to another and keep trading. And best of all, when you have 15,000 instruments at your disposal, you don't feel limited. You can experiment, try out different strategies, find your entry points and work with the assets that suit you best. Such choice makes trading a real pleasure! Thank you Trademax!

Plus de 15 000 instruments de trading, c'est vraiment impressionnant, et pour un trader, cela fait une énorme différence. Pourquoi ? Parce qu'un tel choix vous donne de la liberté. Vous pouvez choisir les actifs qui vous conviennent le mieux, votre style de trading et vos préférences de marché.
Par exemple, si quelqu'un n'aime négocier que des paires de devises, il y en a beaucoup. D'autres préfèrent les actions ou les indices - pas de problème non plus. Et si vous voulez essayer quelque chose de nouveau, comme les matières premières ou les crypto-monnaies, vous trouverez également des options. C'est particulièrement appréciable lorsque le marché d'une catégorie d'actifs est inactif ou instable - il vous suffit de passer à une autre et de continuer à trader.
Et le mieux, c'est que lorsque vous disposez de 15 000 instruments, vous ne vous sentez pas limité. Vous pouvez expérimenter, essayer différentes stratégies, trouver vos points d'entrée et travailler avec les actifs qui vous conviennent le mieux. Un tel choix fait du trading un véritable plaisir ! Merci Trademax !

Spreads starting at 1.0 pips at Trademax are really favorable for a trader. You save immediately on every order, especially if you're trading actively or intraday. The smaller the spread, the faster the trade moves to the positive side. This is particularly important for those working with short maturities or opening a large number of positions. Simply put: lower costs - higher profits.

Les spreads à partir de 1,0 pips chez Trademax sont vraiment favorables pour un trader. Vous économisez immédiatement sur chaque ordre, surtout si vous négociez activement ou en intraday. Plus l'écart est petit, plus vite la transaction passe du côté positif. C'est particulièrement important pour ceux qui travaillent sur des échéances courtes ou qui ouvrent de nombreuses positions. En clair : moins de frais - plus de bénéfices.

HUBx's trade copy service is a godsend, especially if you want to make money but don't feel like a trading expert yet. The idea is simple: you choose an experienced trader, log in and all his trades are automatically copied to your account. The idea is simple: you choose an experienced trader, connect to them and all their trades are automatically copied to your account. I've been using HUBx in Trademax for some time now and I'm pleased with the results. What I like most is the transparency. You can see the statistics of each trader: their profitability, risks, drawdowns. This allows you to choose the trader who matches your expectations and style. I chose a trader with moderate risks, and his strategy provides a stable plus. The connection process is as simple as can be: a few clicks and everything's up and running. What's more, HUBx lets you customize transaction volumes. For example, if a trader's lots are larger than you're willing to risk, you can reduce them in proportion to your deposit. This gives you total control over your risk.

Le service de copie de transactions de HUBx est une aubaine, surtout si vous voulez gagner de l'argent mais que vous ne vous sentez pas encore un expert en trading. L'idée est simple : vous choisissez un trader expérimenté, vous vous connectez à lui et toutes ses transactions sont automatiquement copiées sur votre compte.
J'utilise HUBx dans Trademax depuis un certain temps maintenant et je suis satisfait du résultat. Ce que j'aime le plus, c'est la transparence. Vous pouvez voir les statistiques de chaque trader : leur rentabilité, les risques, les drawdowns. Cela vous permet de choisir celui qui correspond à vos attentes et à votre style. J'ai choisi un trader avec des risques modérés, et sa stratégie apporte un plus stable.
Le processus de connexion est aussi simple que possible : quelques clics et tout fonctionne. De plus, HUBx vous permet de personnaliser les volumes de transactions. Par exemple, si les lots d'un trader sont plus importants que ce que vous êtes prêt à risquer, vous pouvez les réduire proportionnellement à votre dépôt. Vous avez ainsi un contrôle total sur votre risque.

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Commissions and Fees

Score:

6 /10

The trading and non-trading commissions of Trademax have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No deposit fee
No withdrawal fee

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	OANDA	FOREX.com
EUR/USD min, pips	1	0.1	0.7
EUR/USD max, pips	1.5	0.5	1.2
GPB/USD min, pips	1.2	0.1	0.9
GPB/USD max, pips	1.6	0.5	1.4

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	OANDA	FOREX.com
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	3.5	3.5	5
EUR/USD avg spread	0.2	0.15	0.2
GBP/USD avg spread	0.2	0.2	0.4

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	OANDA	FOREX.com
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0-15	0
Inactivity fee ($, per month)	30	0	15

Is Trademax Safe?

Score:

9.7 /10

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 19 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	Full Name Vanuatu Financial Services Commission	Country of regulation Vanuatu	Investor Protection Fund No specific fund	Regulation Level Tier-3
ASIC	Full Name Australian Securities and Investments Commission	Country of regulation Australia	Investor Protection Fund No specific fund but has stringent consumer protection	Regulation Level Tier-1
FSC (Mauritius)	Full Name Financial Services Commission of Mauritius	Country of regulation Mauritius	Investor Protection Fund No specific fund	Regulation Level Tier-3
Abbreviation CMA (Kenya)	Full Name The Capital Markets Authority	Country of regulation Kenya	Investor Protection Fund KES 50,000	Regulation Level Tier-2

Trademax Security Factors
Foundation date	2007
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

6.3 /10

Trademax offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Swap Free (Islamic) account
Standard account with balanced trading conditions
Low minimum deposit

No Cent account
Micro lots are not available

Trademax account types vs top competitors
	Trademax	Trading.com	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	Yes	No	Yes
VIP	Yes	No	No
Managed	No	No	No

Trademax accounts trading conditions

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:

Account Type	Description
Raw Spreads Account	For this account type, spreads are applied starting from 0.0 pips. Traders pay a fixed commission of 7 USD per round, which is equivalent to 3.5 USD per lot in one direction.
Account with variable spreads	Holders of this type of trading accounts pay a commission in the form of a spread of 1.0 pips. No additional commissions are charged.

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

Score:

8 /10

Trademax received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Trademax provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Supports 5+ base account currencies
Low minimum withdrawal requirement
USDT (Tether) supported
Minimum deposit below industry average

Limited deposit and withdrawal flexibility, leading to higher costs
BTC not available as a base account currency
PayPal not supported

What are Trademax deposit and withdrawal options?

Trademax provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Wise, Skrill, Neteller, BTC, USDT.

Trademax Deposit and Withdrawal Methods vs Competitors
	Trademax	Trading.com	Plus500
Bank Wire	Yes	Yes	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	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. Trademax supports the following base account currencies: USD, EUR, GBP, AUD, CAD, NZD.

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

Score:

7.8 /10

Trademax offers a wider selection of trading assets than the market average, with over 15000 tradable assets available, including 50 currency pairs.

Indices trading
Crypto trading
15000 assets for 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	Trading.com	Plus500
Currency pairs	50	69	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	15000	69	2800
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	No	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

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	Trading.com	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	No	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with Trademax in 15 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Trademax is $50.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Quick KYC verification (1 business day or less)
Fast registration time (up to 15 minutes)
Low minimum deposit requirement

Account setup process may feel less convenient for beginners

Trademax account opening
	Trademax	Trading.com	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$50	$50	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	15	20	5
KYC time (days)	1	2	3

Is Trademax available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

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:

News and financial reports on trading instruments listed on Trademax.
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.
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.

Trading platforms & tools

Score:

7.3 /10

Trademax received a score of 7.3/10, 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
MetaTrader is available
One-click trading
Free VPS for uninterrupted trading

No access to API
No access to cTrader and its advanced tools.
Strategy (EA) Builder is not available

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	Trading.com	Plus500
MT4	Yes	No	No
MT5	Yes	Yes	No
cTrader	No	No	No
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	Trading.com	Plus500
Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.	No	Yes	No
API	No	No	No
Free VPS	Yes	No	No
Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.	No	No	No
Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.	No	No	No

Mobile Apps

Score:

6.5 /10

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.

Solid iOS user feedback, with a rating of 4.0/5
Strong Android user ratings, currently at 4.0/5
Mobile alerts supported

Low app installs across iOS and Android
Indicators not supported

We compared Trademax with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

	Trademax	Trading.com	Plus500
Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms.	10,000	50,000	10,000,000
App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience.	4.0	4.8	4.7
Google Play score	4.0	4.7	4.4
Mob. 2FA	No	Yes	Yes
Mob. Indicators	No	Yes	Yes
Mob. Alerts	Yes	Yes	Yes

Customer Support

Score:

5.9 /10

Customer support at Trademax is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. Trademax provides basic support functionality but does not stand out in overall service performance.

Information

Support operators are available 24 hours a day, 5 days a week. Not available on weekends.

In the online chat, you can ask a question without being a customer of the company.
Support available in 10 languages

Operates 24/5

The broker offers the following communication channels

phone
e-mail;
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	support@tmgm.com +61 2 8036 8388

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FAQs

Is Trademax a safe forex broker and how is it regulated?

Trademax has a safety score of 9.7/10, which corresponds to a high security level in this review. It is regulated by ASIC (Tier-1) in Australia, as well as by VFSC in Vanuatu and FSC in Mauritius (both Tier-3) and the CMA in Kenya (Tier-2), and it provides negative balance protection and KYC verification, while specific investor compensation funds are generally not available except for a KES 50,000 fund under the CMA.

What do reviews say about Trademax trading commissions and fees?

According to the fee analysis, Trademax has a medium overall fee level with a score of 6/10, featuring low forex trading fees, tight EUR/USD spreads, and no deposit or withdrawal fees. Standard account EUR/USD spreads typically range from 1 to 1.5 pips, RAW/ECN accounts charge a $3.5 commission per lot with average EUR/USD and GBP/USD spreads of 0.2 pips, and there is an inactivity fee of $30 per month.

What account types does Trademax offer and how do users describe them in feedback?

Trademax provides Demo, Standard, ECN/Raw spread, Swap Free (Islamic), and VIP accounts, with market execution, a minimum deposit of $100, and maximum leverage up to 1:1000 depending on the instrument. Raw Spreads Accounts start from 0.0 pips with a $7 round-turn commission, while variable spread accounts include a 1.0 pip spread with no extra commission, and the broker does not offer Cent or Micro accounts, which may be noted as a drawback for some traders in comments.

What feedback is there on the Trademax mobile trading apps?

Trademax supports mobile trading on iOS and Android, with both platforms currently rated 4.0/5 and a total of about 10,000 downloads. The apps support mobile alerts but do not offer mobile two-factor authentication or built-in indicators, and overall the mobile experience is rated 6.5/10 in this review.

How do user comments describe Trademax customer support?

Customer support at Trademax is available 24 hours a day, 5 days a week via phone, email, and online chat, and both clients and non-clients can ask questions in the chat. The review notes that response times are moderate and service quality can vary depending on the complexity of the request, so support is described as functional but not exceptional.