Tradematics Review – Key Features, Pros and Cons Revealed
Tradematics Review – Key Features, Pros and Cons Revealed

The legal name for the Tradematics trading brand is Golden Brokers Limited. The company is registered in Malaysia and has been operating since 2016, at least according to their domain age.

With a presence on three continents, the company should have quite transparent and regulated business to operate in some countries. But if that’s the case, we are about to reveal it in this unbiased Tradematics review.

Regulated by: Regulated broker
Is This Company Safe? No
Known Websites: Tradematics.com
Have Warnings from: N/A
Registered in: Malaysia
Operating since: 2016
Trading Platforms: Proprietary platform, xCentral, MT5
Maximum Leverage: N/A
Minimum Deposit: $10.000
Deposit Bonus: N/A
Trading Assets: Forex, commodities, indices, shares
Free Demo Account: No
How to  Withdraw from This Company? With only Visa, Master Card, and bank transfer payment options presented, the withdrawal procedure should be quite simple. On top of that, the company claims there are 0% fees for withdrawals. However, with their low-ranked regulation, potential issues are possible. If you experience any of those, feel free to contact our chargeback team for advice.

Legal info: Is Tradematics legit?

When traders see the company has been regulated, they immediately think it’s all legit. Indeed, it might be. Thus, with some regulatory oversight, not everything is quite clear—not even secured. For instance, with FCA, BaFin, or ASIC-regulated brokers, traders can enjoy some great benefits, such as segregated bank accounts for deposits, guaranteed stop-loss, compensation schemes, etc.

However, with the LFSA license this broker has, such features are questionable. Not to mention the main regulators in Malaysia are Bursa and Malaysian Central Bank. Why didn’t they obtain those more trusted licenses if the company wanted to be fully legit?

Who are Tradematics’s clients?

With very few Tradematics reviews, it’s hard to say where the company’s traders come from. It is especially suspicious that the company has been operating since 2016 without any online reputation. Luckily, website analytics can show us some hints. According to those, this firm has been targeting countries like: 

  • United Arab Emirates
  • United States
  • Czechia

The key problem here is that they don’t have authorization for trading with US citizens. However, they have a disclaimer for EU traders that they don’t even offer them services. All in all, there are too many scam signs.

Traders Reviews

With only eight comments available on Trustpilot, it’s hard to properly analyze the company. Especially since most of those comments come from India. However, once you realize how cheesy the company’s services are, you will see that such reviews are most likely fake.

 If your experience proves this, feel free to share it with us. You can also simply contact us directly for advice on refunds to avoid any trouble with a broker.

Leverage, Commissions, Spreads, Fees and Taxes

Whenever a company hides its trading costs, you know something’s wrong. That’s why a Tradematics broker can’t be considered safe. It’s hard to build any strategy without transparent spreads, fees, and commissions. But to be fair, they advertise up to 60% discounts only after you deposit more than $1M.

In addition to that, the trading leverage is also hidden. However, if you know the general rules for regulated brokers, you will stay safe. The rule for EU-regulated brokers is that the maximum offered leverage is 1:30, while with Canada/US-regulated firms, it’s 1:50.

Bonuses

As can be seen from the Tradematics account types and T&Cs, there are no bonus offers on the table. Thus, if you know how it can play out, you would be happy not to accept such offers. But to know how to diversify offers by legitimacy, read our VAIRANSE review.

Tradematics Trading Features

One of the key benefits of the Tradematics trading firm is its AI implementation. Of course, if you trust it. These AI tools aim to combine market data from various sources and help traders make better decisions. Fairly, if the technology was so good, there would be much higher hype around it.

Trading Platforms Available

One good thing about this company is the availability of the Meta Trader 5 software. Practically, there’s no mistake in choosing such a platform. Unless the broker lacks top-tier regulations. 

Besides the MT5, the Tradematics Forex company also offers xCentral and a proprietary platform. In reality, none of those can compare to the well-known MT5.

Available Trading Assets

As another downside, if you didn’t realize others, there are no cryptocurrencies available. Therefore, if you prefer a bit riskier and more volatile investments, you will need to look for another broker. With this one, you can trade: 

  • Forex – USD/AUD, EUR/SEK
  • Commodities – gold, silver
  • Shares – Amazon, GMC
  • Indices – ASX200, DAX30

Account Types

Since the key feature advertised on the website is Tradematics AI development, it’s quite weird to see so many human-related offers. As can be seen, all account types include some special benefits to customers. But only if they deposit more money.

Fundamental benefits traders get with different deposits are: 

  • Bronze – $30k – trader sentiment and other analytical tools (non-specified)
  • Silver – $50k – 20% lower costs, an invitation to exclusive online market seminars
  • Gold – $100k – 40% lower costs, access to exclusive market analysis
  • VIP – $350k – premium retention manager, exclusive online calls with premium retention manager
  • Royal – $1M – invitation to VIP Chef table, personal meetings with a premium retention manager in Dubai

Mobile Trading App

With the proprietary platform and MT5, traders can access their accounts through dedicated mobile apps. But if you are persuaded to use proprietary mobile apps, keep in mind that there are only 100+ downloads in the PlayStore. 

To avoid platform manipulations and tricks, read our Fortune Resource review.

Demo Account

With the minimum deposit requirement of $10k, it’s quite strange to see a demo account missing. Not to mention, there’s MT5, which generally includes such deals. But that might reveal the truth to any trader.

Education

When it comes to education, the company only offers definitions in the trading vocabulary. Of course, there are seminars, sessions with the retention manager, etc. But if that’s all reliable, we highly doubt it.

Tradematics Withdrawal

Generally, the Tradematics withdrawal procedure looks quite simple. Especially since they claim to have funds protected by the HSBC bank in the UK. Nevertheless, with 0% withdrawal fees, the offer might look quite attractive. 

Thus, the company’s T&Cs reveal that withdrawal fees actually might be applied. On top of that, they don’t declare processing time. So, what can you expect but to get scammed?

Customer Support

If you are looking for some assistance from the company, you can only get it during the workweek. Contact options are e-mail and Malaysian phone numbers. But nothing more than that, such as live chat or anything that might prove to us that the company has advanced AI tools.

Key Information To Consider About Tradematics

Everything about the Tradematics broker looks suspicious, starting with their fund’s protection measures, trading conditions, and platforms. Therefore, there are too many factors to worry about. Instead, you can opt for a top-tier licensed broker and avoid any problems.

But if you are caught somehow by this company, feel free to contact our refund specialists. Once you get advice on the recovery steps, there’s no problem with a broker you can’t solve. Book your meeting already today.

FAQ Section

What is Tradematics?

Tradematics is an investment company offering FX and CFD trading services, excluding cryptos, that was registered in Malaysia in 2016.

Is Tradematics Legit?

From a legal standpoint, yes. But in practice, with all shady conditions, absolutely not. Check any tier-1 licensed brokerage and you will quickly realize the difference.

How to Get My Profits From My Tradematics Account?

If you can’t get in through a regular withdrawal, you can always apply for chargeback or other refund methods. If you don’t know how, contact our refund experts.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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