Recalculated 2026-11-02 · Established 2013 · Trademax Global Markets (KE) Pty Ltd
TMGM — Kenya
TMGM is rated 3.70 out of 5 by our formula (Rank #6 of 36) for traders in Kenya: round turn 7 USD, residents accepted — Yes.
Suits you if it takes residents of Kenya · a swap-free account is available · it runs 4 trading platforms
Look elsewhere if the minimum is 100 USD against 25 USD in this market
Key facts (8)
- Who actually onboards you
- Trademax Global Markets (KE) Pty Ltd
- Licence number
- 219
- Established
- 2013group
- Min deposit, USD
- 100 USDgeo
- Platforms
- MT4 · MT5 · IRESS · TMGM mobile app
- Local funding
- Cards, Skrill, Neteller, FasaPay, bank wire and
- Max leverage
- 1000group
- EURUSD
- 1.0 pipsgeo
Accounts (2)
2 of 2 accounts with a published cost per lot
2 of 2 shown
Click a column heading to sort. Figures are list terms, no promo codes.
This broker against the Kenya middle (37 of 56)
| TMGM | Kenya median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 100 USDgeo | 25.0 USD |
| Max leverage | 1000group | 500.0geo |
| Withdrawal, h | within 24 hoursgroup | 48.0 h |
| EURUSD, standard | 1.0 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pipsgeo | 0.0 pips |
| Established | 2013group | 2009.0 |
| Platforms | 4 | 3.0 |
Licensed in Kenya
Locally regulated (Kenya CMA) as a non-dealing broker - a genuine local licence, stronger than pure-offshore geos.
28 of 56 brokers in our base hold a licence issued in Kenya. That is a fact about the market, not about TMGM.
- Who actually onboards you
- Trademax Global Markets (KE) Pty Ltd
- Licence number
- 219
- Local licence
- yes
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 2.50+ 20.0% × 4.50+ 20.0% × 5.00+ 15.0% × 4.00+ 10.0% × 3.25+ 10.0% × 2.50= 3.7
Ranked against brokers measured on every axis
Licence check
- Licence number
- 219
- Checked
- 2026-07-09
Who actually onboards you
Trademax Global Markets (KE) Pty Ltd
Locally licensed entity
Kenyan clients can be onboarded under the LOCAL entity Trademax Global Markets (KE) Pty Ltd (Nairobi office), alongside the offshore Vanuatu arm.
What one lot actually costs in Kenya (37 of 56)
raw+commission
Account types and entry terms
Classic (commission-free), Edge (raw-spread + commission) and IRESS; min deposit USD 100 (IRESS USD 5,000).
How long a withdrawal takes
Platforms and markets (4)
MT4 · MT5 · IRESS · TMGM mobile app
CFDs on currency pairs, indices, shares, metals and commodities (globally 12,000+ instruments).
The public rating
Trustpilot|4.0 out of 5|908 reviews
Upsides and the things that are missing
Pros (3)
- Licensed locally: 219
- Swap-free account available
- Withdrawal published at within 24 hours
Cons (1)
- Round turn 7.0 USD against a Kenya median of 7.0
Where else a Kenya resident can go (6)
Where it does not serve
United States, Afghanistan, Belarus, Central African Republic, Cuba, Crimea, Democratic Republic of Congo, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, Sudan, South Sudan, Syria, Ukraine, Venezuela, Yemen, Zimbabwe
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Regulator registers
- 1cma.or.kecma.or.ke · domainRegister
- The broker's own documents
- 2tmgm.comtmgm.com · domainBroker
- Aggregators and directories
- 3cmarcp.or.kecmarcp.or.ke · domainAggregator
FAQ (5)
Does TMGM accept residents of Kenya?
Yes.
Which entity onboards a Kenya client of TMGM?
Trademax Global Markets (KE) Pty Ltd
What licence does TMGM hold for Kenya?
Licence 219.
What does one EURUSD lot cost at TMGM?
7.0 USD per round turn against a Kenya median of 7.0 USD, measured on 37 of 56 brokers.
How long does a withdrawal from TMGM take?
TMGM publishes within 24 hours. Their own wording: “review within 24 hours”.