Trademay broker briefly reveals its ownership details in legal documents. Yet, Trademay Management Ltd is not found in the list of UK-registered firms. Is that the only sign of a scam, or is there more?
Let’s find out together in this detailed Trademay review. Hopefully, you will learn all the recommended steps in checking any brokerage and stay safe from swindlers.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | UK (allegedly) |
| Operating Since: | 2023 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $10.000 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptos, forex, indices, commodities, shares |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Everything looks good at first glance but it’s just a matter of time before the truth sees the light of the day. Primarily due to missing regulations and bogus lies served by this company. Therefore, if you ever get scammed by Trademay, reach out for a refund consultation. |
Legal Info: Is Trademay Legit Or A Scam?
When a company presents itself as UK-based, you just have to do one thing. Check for the company’s FCA regulations and find out if you can trust them or not. As expected, Trademay was not found in the list of regulated entities. Not only there but not with any other top-tier regulatory institution. For example, BaFin, ASIC or CFTC.
Therefore, without a license, anything this broker claims should be taken with reserve. After all, it’s your money at stake, not ours. So, you will decide if you can trust them or not. We are just revealing important facts.
Who Are Trademay’s Victims?
The research shows the company is operating all over the world. But primarily, they are running campaigns to attract traders from:
- Canada
- Australia
- Switzerland
- Belgium
But to update Trademay reviews, we suggest you leave your opinion about the broker in the comment section below. Also, you can contact us directly and get professional refund advice.
Traders Reviews
Generally speaking, the company’s reviews on Sitejabber look quite decent. At first glance, traders might think the company is fully legitimate. In fact, all 17 comments have positive ratings. Yet, without regulations, it’s hard to believe those are true.
Since the company’s domain was freshly registered in September 2023, we suggest you wait a bit more. Surely, the truth will come up. Meanwhile, we suggest you check other scam brokers like Sparklo, whose review you can find here. If any of these is holding your money, feel free to send us a message and book a chargeback consultation.
Investment Costs With Trademay
Important to realize is that the company is not revealing any relevant trading conditions. Not even their advertised spread from 0 pips can be considered relevant. After all, spreads from 0 pips can mean 0.1 and 10.
With unclear fees and commission structure, it’s hard to believe all traders had positive experiences. But it remains to be seen. In summary, not something legitimate brokers do.
In addition to that, the company is hiding the offered leverage. But all legitimate UK firms offer 1:30 to retail traders. If you get anything higher than that, you will have another proof of the scam.
Bonuses
Another key thing is the Trademay bonus offer. Even though these are banned in Europe, they are still offering them. Of course, bonuses come with shady clauses where no withdrawals are permitted before traders reach a minimum trading volume of 1 lot of the bonus amount.
Trademay Trading Features
In general, the company doesn’t advertise any advanced features whatsoever. Those that you can get with this company can be found with any mediocre broker. Yet, they present their platform as an award-winning.
Trading Platform Available
An award-winning platform without a desktop and mobile app is not something that adds up. For instance, awarded platforms are Meta Trader and cTrader. Thus, the Trademay web-based platform doesn’t belong in that group. Not to mention that web traders with unregulated brokers are often modified from the back end.
Available Trading Assets
As can be seen from the presentation, the company offers more than 300 tradeable instruments. Indeed, quite a positive thing. Yet, the reliability of the data is questionable.
In any case, some of the options are:
- Forex – AUD/HKD, EUR/CHF
- Commodities – gold, natural gas
- Shares – Google, Twitter
- Cryptos – BTC, XRM
- Indices – NASDAQ, DowJones
Account Types
Generally, the company’s account types are quite suspicious. Firstly, the minimum deposit requirements appear to be $10.000. Thus, scam brokers will often accept anything above $250 just to get you on board.
Anyway, all benefits of higher-scaled accounts are completely fictitious. The options are:
- Bronze – $10.000
- Silver – $25.000
- Gold – $50.000
- Premium – $100.000
- Platinum – $250.000
Mobile Trading App
As mentioned, downloadable iOS and Android apps with this investment company are not an option. Instead, traders have to use their possibly unoptimized platform through a web browser. But if you check our Coinomi review, you will realize why such apps are quite necessary.
Demo Account
Another key disadvantage of this brokerage is the lack of a demo account. Even though they present their platform as award-winning, traders like to test it out. That’s why they mostly stick to Tier-1 licensed firms that offer such features.
Education
The only education traders can get with this scam broker is through one-on-one sessions. Yet, those are guided by unlicensed and fake market analysts. So, be careful with who you are learning from.
Trademay Withdrawal
The first thing that will prevent your Trademay withdrawal is the bonus policy. The second thing is a withdrawal processing time of up to 7 business days. In addition to that, there’s a fee for exceeding the number of monthly withdrawals. Of course, conditions for that are not specified.
Therefore, you can see the downsides of missing Trademay regulations. In fact, who would trust a broker that is limiting the number of withdrawals? After all, it’s your money!
Customer Support
In general, the customer support of Trademay broker looks promising. They provide a phone line, e-mail, and web contact form and allegedly respond within 1 hour. But only five days a week. If you have tested it out, let us know more about it.
Key Information To Consider About Trademay
The first thing traders should keep in mind is missing regulation. Without it, nothing that a broker offers you matters. Neither positive reviews. On top of that, Trademay scam activities can be reflected through shady platforms, fees, and trading conditions.
In the end, if for some reason you can’t get your money out, let us know. Our team offers a refund consultation, and the first meeting is completely free. Book yours now.
FAQ Section
What is Trademay?
Trademay is a brokerage operated by Trademay Management Ltd, a company allegedly registered in the United Kingdom.
Is Trademay a Regulated Broker?
No. Primarily, the company doesn’t possess a license from FCA. But they don’t have any other licenses either.
How to Recover Money From Online Scammer?
The recovery process mainly depends on the payment method used. For fastest option and to avoid wasting time, feel free to contact our refund team and explore your options.
