Tradematics is a registered brand name of Golden Brokers Ltd. They combine technology which enables professional and individual traders alike to gain access to the world’s largest and most liquid markets. Tradematics is also the first broker in the world, who uses artificial intelligence.
Tradematics Review – Table of Content
Tradematics.com provides more than 60 currency pairs and CFDs on shares, indices and commodities, metals or energies and also a free Demo account.
What can be traded, trading instruments
As I have already mentioned, you can trade Commodities, Forex, Indices and Shares on Tradematics.com. Every instrument is nicely explained on their website. As far as I have found, they offer one account, but I haven`t found any information about it.
Broker regulation
Tradematics is a registered brand name of Golden Brokers Limited. Golden Brokers Limited is authorised and regulated by the Labuan Financial Services Authority (“LFSA”).
Your funds are closely monitored to ensure compliance with the latest regulatory rules, requirements and guidelines, whilst ensuring its separations from the company’s accounts and funds. This is also found on their website under “Licences and Regulations”. Transparent and simple.
Demo Account
A demo account is one of the best ways to learn. It’s a virtual account mirroring the live one. You can learn on a real platform with virtual money, that is pre-loaded.
Demo accounts are usually free and unlimited, but each broker has different conditions, so don’t forget to check them out. Tradematics.com offer a demo account. and the option to open one is at the bottom of the web the whole time.
Fees
Broker fees can vary and change, there may be additional fees that are not mentioned in this review. In the option “Trading” you will find trading conditions in simple terms.
If the position is held overnight, swaps will be charged, but I haven`t found how much do they charge. I haven`t found any other fees, spreads can be found individually in their “Instruments” option. To be honest, I don’t even know, how much is the minimum deposit.
Registration
I`m going to try a demo account. To register I click on the option “Try Demo Account”. A small form comes up, where they need your name, surname and email address. I immediately got two emails. One with my login details and the second one with an activation link.
Then you choose what account you want to go for.
The demo account is pre-loaded with 100 000 USD for you to use when learning.
Trading platforms
You can trade on a smartphone through the Tradematics trading application, the application is available for iOS and Android operating systems. With the app, you can log in and out, open and close positions, set up trade orders etc. On the computer, you can download the xStation trading platform or go for the Webtrader. After verifying my account, I tried to click the “Start Trading” button, but without success. I reset my login details, still no demo account. So however simple it was at the beginning, the demo account or Webtrader wouldn`t load up.
The broker’s website
Fortunately, the website is very simple, clean and calming. Nothing extra, no flashing lights or colors and no extra marketing blabber. The main menu is at the top and it offers:
- About us
- Trading
- Instruments
- Platforms
- News
- Education
The “News” options offer market news, analysis, weekly reviews, a blog and an economic calendar. On the other hand, there`s a video option, but without any videos. Moreover, in the “Education” option there are no posts, no webinars and no videos.
When it comes to language support, the website is available in three different mutations. Apart from English, you can choose Arabic or Vietnamese. That might be a bit of a downside, since a lot of brokers offer much more different translation to choose from.
Social networks
According to their website, Tradematics.com are on Facebook, Twitter, Instagram and Linked In. But you are not able to get to their accounts through their website, which means, you need to find them yourself. I tried Facebook, and no account was found, the same scenario was with Instagram.
Advantages and disadvantages
The advantages of the broker are already explained on their website. In addition to this, they are regulated and all legal documents can be downloaded. Their website is super simple and the design is good. Every instrument is explained and the customer service is said to be 24/7 and professional.
There are no posts in the News section, no webinars, articles or videos in the Education section. I found no information about fees or even more information about the one account they offer. The registration was simple, I got emails straight away, whereas I couldn`t open the demo account. Finally, there is no live chat for me to resolve this problem.
