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TMGM in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%50
- Round-turn cost20%90
- Safety20%100
- Payouts15%80
- Track record10%65
- Platforms10%no data
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Trademax Global Markets (KE) Pty Ltd
- Founded
- 2013
- Retail leverage
- 1000 group
- Round turn
- 7 USDKE
- Currencies
- USD, AUD, NZD and others; no verified KES-denominated account at review.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with TMGMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- Trademax Global Markets (KE) Pty Ltd
- Local standing
- Locally regulated (Kenya CMA) as a non-dealing broker - a genuine local licence, stronger than pure-offshore geos.
- Licence as the register states it
- Trademax Global Markets (KE) Pty Ltd is CMA-licensed as a Non-Dealing Online Foreign Exchange Broker, licence No. 219 (ICEA Lion Centre, Westlands, Nairobi).
- Leverage for this entity
- Under the CMA framework leverage is capped by Kenyan rules (exact cap not verified at review); the offshore Vanuatu entity otherwise offers up to 1:1000.
- The firm behind it
- Founded 2013, HQ Sydney; holds a physical Nairobi office and CMA licence as part of its Africa expansion.
- What we hold against it
- CMA licence adds local recourse; global WikiScore ~8.58 but broader Trustpilot withdrawal complaints still apply.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youLocally regulated (Kenya CMA) as a non-dealing broker - a genuine local licence, stronger than pure-offshore geos.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Classic (commission-free), Edge (raw-spread + commission), IRESS, min deposit USD 100 (IRESS USD 5, 000). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://cmarcp.or.ke
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (8 methods · 1 local)
Cards, Skrill, Neteller, FasaPay, bank wire and USDT/USDC crypto;
- Cards
- Skrill
- Neteller
- FasaPay
- Bank wire
- USDT
- USDC crypto
- M-Pesalocal
- Account currency
- USD, AUD, NZD and others; no verified KES-denominated account at review.
- Fee declared
- 8 of 8 methods
- Withdrawal back to
- the funding method
Where it does not serve(24 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- IRESS
- TMGM mobile app
Identical for every row: Min spread 1 · Leverage 1000 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.0 | 5, 908 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(5 for and 2 against, each tied to a figure on this page)
- Locally authorised, licence 219, read on 09.07.2026
- Withdrawal in 24 h, one of 46 of 55 brokers here that publish a time
- Swap-free account available
- Safety 100 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, MT5, IRESS, TMGM mobile app
- Min deposit 100 USD, over the Kenya median 25
- Reviews 50 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 8KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 500 group
- Rank in this country
- #1
- Round turn, USD
- 9KE
- Min deposit, USD
- 100KE
- Leverage
- 400KE
- Rank in this country
- #11
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 2000 group
- Rank in this country
- #2
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
- Round turn, USD
- 7KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #4
- Round turn, USD
- 6KE
- Min deposit, USD
- 50 groupKE
- Leverage
- 500KE
- Rank in this country
- #19
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Kenya score. Full methodology
| Axis | Weight | What is measured | TMGM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 65 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
Where TMGM sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 7 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 100 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:1000 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does TMGM accept residents of Kenya?
- Yes. Locally regulated (Kenya CMA) as a non-dealing broker - a genuine local licence, stronger than pure-offshore geos. Onboarding entity: Trademax Global Markets (KE) Pty Ltd
- Is TMGM licensed to serve clients in Kenya?
- Trademax Global Markets (KE) Pty Ltd is CMA-licensed as a Non-Dealing Online Foreign Exchange Broker, licence No. 219 (ICEA Lion Centre, Westlands, Nairobi). Checked on 09.07.2026.
- How much does one round turn cost at TMGM?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does TMGM offer to retail clients in Kenya?
- Up to 1:1000. Power Your Potential: Join 1 Million Investors Start Trading Now 0.0 Pips Spread From $100 Minimum Deposit 1:1000 Max Leverage <30 MS Execution Speed Free Funding Fee +10 Funding Options Hundreds o
- Which trading platforms does TMGM support?
- MT4, MT5, IRESS, TMGM mobile app. Instruments: CFDs on currency pairs, indices, shares, metals and commodities (globally 12,000+ instruments).
- How can I withdraw money from TMGM in Kenya?
- Cards, Skrill, Neteller, FasaPay, bank wire and USDT/USDC crypto; M-Pesa/KES mobile-money support not verified at review.
- What account types does TMGM offer?
- Classic (commission-free), Edge (raw-spread + commission) and IRESS; min deposit USD 100 (IRESS USD 5,000).
- Does TMGM offer a swap-free (Islamic) account?
- Yes. TMGM offers a swap-free (Islamic) account to Kenya residents.