Score

1.13 /10
Danger

Tarmex

Panama

1-2 years

Suspicious Regulatory License

High potential risk

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.05

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Tarmex · Company summary
Tarmex Review Summary
Registered Country/RegionChina
RegulationNo Regulation
Market InstrumentsFunds; Index; Spot; Options; USDT Perpetual Contracts; Foreign Exchange Futures; Cryptocurrency; Stocks; Commodity Products
Demo AccountNot Mentioned
Max. Leverage1:30 (Retail)/1:400 (Professional)
SpreadNot Mentioned
Trading PlatformMulti-Platform
Minimum DepositNot Mentioned
Customer SupportLive chat; Email: Tarmex@gmail.com

Tarmex Information

Tarmex is a digital asset trading platform that claims to be committed to building a secure, stable, user-first global operating platform. It offers a variety of market instruments, including funds, indices, spot trading, USDT perpetual contracts, foreign exchange futures, cryptocurrencies, stocks and commodity products.

Tarmex also provides users with demo trading of cryptocurrencies. In addition, financial management services such as DeFi lending and AI portfolios are provided. Tarmex provides a multi-platform trading terminal. The maximum leverage for standard customers is 1:30, and the maximum leverage for professional customers is 1:400.

Tarmex's homepage

Pros & Cons

ProsCons
  • Demo Trading
  • Lack of Regulation
  • Financial Management Services
  • Limited Information on Fees and Spreads
  • Unclear Trading Platform Details

Pros:

Demo Trading: Demo trading of cryptocurrencies allows new users to familiarize themselves with the platform and trading strategies without taking financial risks. It also helps traders test new strategies in a risk-free environment, which promotes better decision-making.

Financial Management Services: Providing DeFi lending and AI portfolios shows that Tarmex is integrating innovative financial technologies. It caters to users interested in decentralized finance and automated portfolio management.

Cons:

Lack of Regulation: Tarmex operates without regulatory oversight. Users do not have access to the protections that regulated platforms offer, such as recourse in the event of fraud or malfeasance.

Limited Information on Fees and Spreads: Lack of transparency on fees, spreads, and minimum deposits can be a deterrent to potential users. The lack of these details means that the platform hides the true fees or trading conditions that are unfavorable to users.

Unclear Trading Platform Details: The lack of specific details about the trading platforms features, functionality, and user experience makes it difficult for users to conduct business using the trading platform.

Is Tarmex Legit?

The legality of Tarmex is questionable. The company operates unregulated, whereas legitimate trading platforms are usually regulated by financial institutions. The platform also lacks transparency regarding fees, spreads, and minimum deposits.

No license

Market Instruments

Tarmex provides a comprehensive selection of market instruments. The platform offers funds, allowing users to invest in a diversified portfolio of assets. Indices are also available for trading, enabling users to speculate on the performance of a group of stocks that represent a particular market or sector. Tarmex also facilitates spot trading, where users can buy and sell assets for immediate delivery. This type of trading is common in forex and commodities markets. USDT perpetual contracts allow traders to speculate on cryptocurrency price movements without owning the underlying assets.

Tarmex also includes foreign exchange futures, which are standardized contracts to buy or sell a specific currency at a predetermined price on a set future date. Stock trading is another vital component of Tarmex's offerings, enabling users to buy and sell shares of publicly traded companies and participate in the equity markets. Additionally, commodity trading is also available.

Market Instruments

Leverage

Tarmex offers leverage options. Forex trading can be done with leverage up to 1:30 for retail traders, and some professional clients can use leverage up to 1:400. Leverage allows traders to control larger positions with less capital. However, it can also magnify potential losses if the market moves against the trader's position.

Spreads & Commissions

Tarmex does not provide specific information about spreads and commissions on its platform. The spread is the difference between the buy and sell price of an asset and represents the main cost of trading. Depending on the type of asset and trading activity, commissions may also be charged. It is worth noting that Tarmex claims that investing in stocks is zero commission.

Trading Platform

Tarmex provides a multi-platform trading platform. The Tarmex website provides an interface for observing real-time changes in the market conditions of various trading products, providing real-time market data and order execution functions through charts, curves, etc. Although the specific details of its trading platform are not detailed, Tarmex provides application downloads, indicating that its trading platform is accessible on various devices and operating systems, allowing traders to access their accounts and execute transactions on desktops, laptops and mobile devices.

Multi-platform

Deposits & Withdrawals

Tarmex does not provide detailed information about its deposit and withdrawal process. Key aspects such as minimum deposit requirements, fees associated with trading, and the range of supported payment methods remain unspecified. This lack of transparency can make it difficult for users to clearly understand how to fund their accounts and how their funds can be used.

Education

Tarmex provides educational resources for both beginners and advanced traders. For beginners, the platform offers tutorials on blockchain, cryptocurrency, trading rules, and calculations, helping new users build foundational knowledge.

Advanced traderscan access tutorials aimed at maximizing capital utilization and reducing liquidation risks through platform unified accounts. These resources support experienced traders in refining their strategies and managing risk more effectively.

Tutorials

Conclusion

Tarmex offers a wide range of market tools and has its own app. It also provides educational resources for traders and supports charitable activities. However, the platform lacks regulatory oversight and has limited transparency into fees, spreads, and deposit/withdrawal processes. Additionally, it lacks detailed trading platform information. Users should carefully consider these factors when evaluating Tarmex as a trading platform.

Frequently Asked Questions (FAQs)

Is Tarmex regulated?

No. It currently has no valid regulations.

Does Tarmex support demo trading?

Tarmex offers demo trading of cryptocurrencies, allowing users to practice trading without financial risk.

Does Tarmex offer the industry-leading MT4/5?

No. It offers a Multi-Platform.

Is Tarmex a good broker for beginngers?

No. We don't advise any traders trade with unregulated brokers.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

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