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2-5 years Full License
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
Indonesia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
tradex.id Indonesia
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| TMG Review Summary | |
| Founded | 2023-08-31 |
| Registered Country/Region | Indonesia |
| Regulation | Unregulated |
| Services and Products | Forex, Commodities, indices, Stocks |
| Customer Support (Mon-Fri: 24 hours) | info@tradex.id |
| (+6221) 3970-1237 | |
PT. TRADEX MAXIMA GLOBAL (TMG), established in 2023, is a futures trading firm in Indonesia and a futures trading company that organizes the Alternative Trading System (SPA) in Indonesia. It provides system services to futures brokerage companies across Indonesia.
| Pros | Cons |
| Various trading instruments | Unregulated |
| MT5 available | Limited business scope |
There is no evidence to show that TMG is regulated. Although this company claims to have the business license number 007/UPTP/OKT/10/2023 issued by BAPPEBTI, it is recommended to choose a regulated company with lower risks for trading.
On the TMG platform, investors have access to various tradable instruments. In terms of forex, it supports the trading of global foreign exchange currency pairs. Index products include the NASDAQ index, various U.S. indices (Dow Jones, S&P 500, NASDAQ), the Hong Kong Hang Seng Index, and the Japanese Nikkei Index. In addition, it also covers multiple asset classes such as commodities and individual U.S. stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
TMG uses MetaTrader 5 as its trading platform, which supports a variety of trading products and the function of automated trading. Moreover, it has desktop, mobile, and web versions, making it convenient for investors to conduct trading operations in different scenarios.
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 5 | ✔ | Desktop, Mobile, and Web | Experienced traders |
TMG offers a demo account, allowing traders to practice in a simulated trading environment. The demo account is ideal for new traders to familiarize themselves with the platform.
TMG provides the MetaTrader 5 (MT5) trading platform, available for desktop, mobile, and web access.
No, TMG is unregulated. Although it claims to have a business license number 007/UPTP/OKT/10/2023 issued by BAPPEBTI, it is not regulated by major financial authorities, which increases the risks associated with trading on this platform.
The cons of TMG include being unregulated, which increases trading risks. Additionally, it has a limited business scope and is not authorized by major regulatory bodies.
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