Trademax Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Trademax trading signals. You will learn what kinds of trading signals Trademax offers and what the conditions for using them are.
Short introduction of Trademax
Trademax (TMGM) is a CFD and Forex broker that has been operating since 2013. The company offers clients trading in five asset classes, including currency pairs, contracts for stocks, indices, energies and precious metals. Trademax has two offices, one in Australia (where the broker was founded) and the other in Vanuatu. Services are provided under the licenses of the Australian Securities and Investments Commission (ASIC) and Vanuatu Financial Services Commission (VFSC).
| 💰 Account currency: | USD, EUR, GBP, AUD, CAD, NZD |
| 🚀 Minimum deposit: | USD 100 |
| ⚖️ Leverage: | Up to 1:100 for energy CFDs, up to 1:400 for metal CFDs, up to 1:500 for other instruments |
| 💱 Spread: | From 1 pip (Variable Spreads Account), from 0.0 pips (Raw Spreads Account) |
| 🔧 Instruments: | Currency pairs (50), CFDs on shares (15,000), indices (15), metals (3), energy resources (2) |
| 💹 Margin Call / Stop Out: | 100%/40% |
Trademax Pros and Cons
👍 Advantages of trading with Trademax:
•15,000+ trading instruments.
•Spreads from 1.0 pips.
•HUBx copy trading service.
•3 trading terminals.
•Education for traders
👎 Disadvantages of Trademax:
•No MAM or PAMM accounts.
•You cannot access your account without verification.
•Support works 24/5.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Trademax Trading Signals
The Traders Union specialists analyzed trading and non-trading fees of the TMGM broker. Commissions differ depending on the type of trading account. The Variable Spreads Account is charged with a standard spread. The average spread for EUR/USD on Trademax is 1.1 pips. The Raw Spreads Account has spreads from 0.0 pips but provides a fixed commission. The commission is USD 7 per trade in both directions, which is equivalent to USD 3.5 per lot in one direction. There is also a commission for inactivity. Its size is USD 30 per month. It is charged after 6 months of no trades on the real account, and if the account has less than USD 500.
| Account type | Spread (minimum value) | Withdrawal commission |
| Variable Spreads Account | From $10 | No |
| Raw Spreads Account | From $7 | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Trademax does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.