Tradematics is a regulated broker, providing its clients with the opportunity to trade currency pairs, many different commodities based on futures contracts and CFDs on stocks or indices. In addition, it provides investors with the opportunity to use unique artificial intelligence in the form of Andy AI software when investing on the markets.
Trading platforms offered by Tradematics
Unlike some other brokers, Tradematics offers a possibility to choose from two different platforms when trading from a desktop computer. In addition to the well-known MetaTrader 5, which is, together with its predecessor MetaTrader 4, the most widely used platform in the world, you can also use xStation. Both platforms are suitable for beginners as well as for investors who already have some trading experience.
In addition, the Tradematics team has also developed a mobile phone app, which can be downloaded from both Google Play and the App Store. The app has been designed to be as user-friendly as possible so that even those who are new to the markets should have no problem using it.
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Assets on offer
Tradematics provides the opportunity to trade currency pairs, of which it has around fifty on offer. It is also possible to invest in futures contracts on about twenty commodities or CFDs on stocks or stock indices. Each of the individual asset groups has a FAQ (frequently asked questions) section on the site, where some of the most interesting questions relating to that particular trading item are answered.
When it comes to languages, the website is available in three different mutations. Apart from English, you can choose Arabic or Vietnamese. That might be a bit of a downside, since a lot of brokers offer much more different translation to choose from. However, at least the support should, according to the company, be always available in your language.
Tradematics – Accounts
Setting up an account with this broker is very easy, both via computer and using the already mentioned smartphone app. However, there is no specific information on the company’s website about the possible different types of accounts. There is a demo account on offer, accessible via a click-through in the FAQ section of every asset.
The company provides support in case of any inquiries 24 hours a day from Monday to Friday, as as stated by the website, always in your local language. Of course, you won’t get a response to your questions on weekends, as that’s when the markets are closed. Both a telephone contact and an email address can be found on the website.
Tradematics – AI Andy
Tradematics’ unique asset, as mentioned in the introduction, is the ability to trade with the help of artificial intelligence. The AI Andy software analyses data from tools such as Autochartist, Trading Central or from various analyst reviews and the behaviour of other traders almost continuously. This provides investors with unique information that can be used to be more successful in the markets.
A nice piece of information, especially for novice traders, is the fact that the broker’s website includes an educational section. You can find there a glossary which explains the meaning of about fifty terms that are important for a proper understanding of the markets with assets that can be traded on Tradematics.
Unfortunately, you can’t browse through any fresh news from the markets; on the other hand, you can understand even the more complex analyses found on economic news sites with the help of this glossary. Artificial Intelligence AI Andy also has a Twitter account where you can find news, but it is not updated very often.
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Tradematics – Regulation
Because Tradematics are a brand name of Golden Brokers Ltd, the company’s activities are regulated by the Labuan Financial Services Authority (LFSA). Thus, the broker must comply with the latest requirements and meet the rules set by the LFSA. As a result, investors’ funds are continuously monitored and separated from the accounts of the company itself.
Tradematics – Review Summary
Tradematics is a licensed company whose regulation is handled by the Labuan LFSA. It offers clients trading in four different types of assets. Namely currency pairs, commodity futures contracts and differential contracts on stocks and indices. Access to the market is mediated by the MetaTrader 5 and xStation platforms for desktop computers, or the Tradematics app for mobile phones.
The broker is also suitable for beginners thanks to its user-friendly platforms, existence of a demo account and the educational section on the website. In addition, it provides the unique ability to use artificial intelligence. It continuously analyzes tens of thousands of data from various sources to be used for successful trading. Moreover, it offers 24/7 support on weekdays. Unfortunately, however, there is no information on the site about the different types of accounts. Summed up, the positives definitely outweigh the negatives with this broker, at least from our point of view,
- Regulated broker
- Multiple platforms to choose from
- Possibility of trading via smartphone
- Investing assistance in the form of AI Andy software
- Glossary in the education section
- No information regarding account types to be found
- Twitter account with news from the markets is not updated very often