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Trademax (TMGM) Review 2026

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Top Brokers Overview — United States
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7.2 /10
Reliable
How we tested Trademax

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

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.

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).

TU Expert Verdict

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

Trademax is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.

Trademax offers trading in more than 15,000 instruments, including Forex pairs, stock CFDs, indices, energy, and precious metals. The broker provides access to both Raw Spreads and Variable Spreads accounts, with minimum EUR/USD spreads from 1.0 pips on Standard accounts and as low as 0.2 pips on ECN, plus a $3.5 commission per lot. Traders can use MetaTrader 4, MetaTrader 5, or iRess, and benefit from leverage up to 1:1000, as well as a copy trading service via HUBx. The company is regulated by ASIC in Australia, plus VFSC, CMA, and FSC in other jurisdictions.

Trademax has some drawbacks: there is no cent or micro account option, inactivity fees are $30 per month, and support is only available 24 hours a day, 5 days a week. In addition, its platform choice is practical but lacks advanced features or TradingView integration. Trademax may be suitable for active traders and investors comfortable with standard account formats, but may not be the best fit for beginners or those seeking the lowest possible fees.

Top-5 Brokers Traders Prefer

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6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
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Plus500
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Regulation Tier-1
EUR/USD 0.5 pips
OANDA
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OANDA
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FOREX.com
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FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
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6.4 /10
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EUR/USD 0.6 pips

Trademax User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
7.5 /10
22 total
  • 5-star
    41%
  • 4-star
    23%
  • 3-star
    23%
  • 2-star
    0%
  • 1-star
    14%
okeoghene
1 year ago

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 !

bahram
1 year ago

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.

reshm4
1 year ago

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.

  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    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:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    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
    VFSCVFSC Full Name Vanuatu Financial Services Commission Country of regulation Vanuatu Investor Protection Fund No specific fund Regulation Level Tier-3
    ASICASIC 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)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:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    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.

    • Low minimum deposit
    • Tight spread ECN account
    • Swap Free (Islamic) account
    • 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
    No
    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:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    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.

    • Wise transfers supported
    • Low minimum withdrawal requirement
    • Supports 5+ base account currencies
    • Bitcoin (BTC) accepted
    • BTC not available as a base account currency
    • Limited deposit and withdrawal flexibility, leading to higher costs
    • 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:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    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.

    • Crypto trading
    • Copy trading platform
    • 15000 assets for trading
    • No ETFs
    • Bonds not available

    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:
    We evaluated Trading Account Opening at Trademax by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    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.

    • Low minimum deposit requirement
    • Quick KYC verification (1 business day or less)
    • Fully online account opening process
    • 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
    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:
    This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria
    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.

    • MetaTrader is available
    • Trading bots (EAs) allowed
    • Free VPS for uninterrupted trading
    • One-click trading
    • No access to API
    • No access to a proprietary platform
    • No TradingView integration

    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:
    This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria
    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.

    • Strong Android user ratings, currently at 4.0/5
    • Mobile alerts supported
    • Solid iOS user feedback, with a rating of 4.0/5
    • Mobile 2FA not supported
    • Low app installs across iOS and Android

    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:
    We evaluated Customer Support at Trademax by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    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

Best Trademax Alternatives

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

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.

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