TMGM — Kenya
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
- not stated
- EURUSD
- 1.0 pipsgeo
This broker against the Kenya middle (30 of 55)
| TMGM | Kenya median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 100 USDgeo | 50.0 USD |
| Max leverage | no data | 500.0geo |
| Withdrawal, h | within 24 hours hgroup | 24.0 h |
| EURUSD, standard | 1.0 pipsgeo | 1.05 pips |
| EURUSD, raw | 0.0 pipsgeo | 0.0 pips |
| Established | 2013group | 2009.0 |
| Platforms | 4 | 3 |
Accepts residents of Kenya
Through an offshore entity
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Trademax Global Markets (KE) Pty Ltd
Offshore entity
Kenyan clients can be onboarded under the LOCAL entity Trademax Global Markets (KE) Pty Ltd (Nairobi office), alongside the offshore Vanuatu arm.
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
What one lot actually costs in Kenya (30 of 55)
raw+commission
The public rating
Platforms and markets (4)
MT4 · MT5 · IRESS · TMGM mobile app
CFDs on currency pairs, indices, shares, metals and commodities (globally 12,000+ instruments).
How Kenya treats trading income
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; verify with KRA). Trading via a company: corporate rate 30%. Tax residents file an annual return declaring worldwide income including foreign-sourced trading gains, between 1 January and 30 June; i
Where else a Kenya resident can go (6)
Where it does not serve
no data
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- cmarcp.or.ke domain
- cma.or.ke domain
- tmgm.com domain
FAQ (5)
Does TMGM accept residents of Kenya?
Through an offshore entity.
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 30 of 55 brokers.
How long does a withdrawal from TMGM take?
within 24 hours hours as published. review within 24 hours