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TradGrip review
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3 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
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A Wide Range of Tradable Assets: TradGrip offers around 250 tradable assets including forex, cryptocurrencies, stocks, commodities, indices, and ETFs.
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Multiple Tiered Accounts for All Traders: You get the option to choose from 3 live trading accounts Silver, Gold, and Platinum and a demo account.
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WebTrader and Proprietary Mobile App: Trade with the browser based WebTrader or trade from the company’s proprietary mobile trading app.
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24/5 Multilingual Support: Customer support is available across live chat, calls, and emails 24/5. Besides English, you can also reach customer support in Japanese, Portuguese, and Hindi.
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No Additional Trading Fees: TradGrip does not charge additional trading fees in the name of deposit fees, withdrawal fees, and inactivity fees.
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Low Spreads and Solid Leverage: TradGrip offers variable spreads that are usually lower than fixed spreads. The leverage of 1:200 allows you to control big positions against your funds.
Cons
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No Swap Free or Islamic Accounts: Swap-free or Islamic accounts are not available on TradGrip. All the accounts charge swap fees for overnight positions. However, swap discounts are available on Gold and Platinum accounts.
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Offshore Regulation: TradGrip is regulated by MISA in the Union of Comoros. MISA is not a tier 1 regulator.
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No MT4 or MT5 Options: TradGrip offers WebTrader and does not offer MetaTrader 4 and MetaTrader 5 trading platforms.
General details
Introduction
TradGrip is a brand name of Zenith Markets PLC that operates out of Comoros. The company offers all the standard trading offerings like access to 250 plus financial instruments, multiple markets including forex, stocks, indices, commodities, metals, and ETFs, 24/5 customer support, a proprietary mobile app, and auto trading features.
The company offers multiple trading accounts, high leverage, low spreads, a 5% stop out level, and a minimum lot size of 0.01. Some of the standout features are no hidden fees and the company’s own mobile trading app.
TradGrip is registered and licensed in the Union of Comoros under the name of Zenith Markets. The company is registered under IBC number HT00324011 and is licensed by MISA with license number BFX2024031.
Supported Countries
TradGrip is available to traders in most parts of the world, but like every broker, the company does have a list of restricted geos. The company restricts accounts from certain countries. These countries are the United States, Canada, Iran, Iraq, North Korea, and Myanmar at the time of writing this review. If you are a citizen or resident of one of these jurisdictions, you will not be able to register or trade with TradGrip.
The restriction status of certain countries can change over time. The easiest way to check the availability of a broker is to head to their website and follow the instructions to sign up. If the broker accepts clients from your country, you will not have any trouble signing up. Otherwise, you will not be able to go past the first page that asks for a phone number or country of residence. A pop up usually appears stating that your country is not supported.
Average Customer Rating
On paper, most brokerages look the same as they usually have offerings that are not too different. Therefore, it is always recommended to see what their existing traders have to say about the company. We have a dedicated comments section for traders to share their thoughts, and we also quote the ratings from Trustpilot. TradGrip gets a solid rating of 4.1 stars based on 114 customer reviews at the time of writing this review.
Customer Support
Customer support is a major deal maker or deal breaker when it comes to choosing a broker. TradGrip covers all the essentials of good customer support. The company offers 24/5 customer support instead of limited hours.
In addition to 24/5 availability, the company offers support over live chat, email, and phone. You can reach live chat via the company’s website. The option is available at the bottom right corner. Otherwise, you can drop customer service an email at [email protected]. Otherwise, you can call the company at +441863440820.
Both the live chat and the website are available in 4 languages: English, Japanese, Portuguese, and Hindi. This adds a lot of convenience for traders from Japan, India, and Brazil.
At the time of writing this article, the company lacks an education hub. But the 24/5 availability of support more than compensates for it.
Tradable Assets
TradGrip offers a wide variety of tradable instruments to explore and trade with. You get access to 250 plus CFD assets. These assets are spread across forex major, minor, and exotic pairs, popular stocks like Amazon, Apple, Tesla, Google, and Facebook, major stock indices S&P 500, Dow Jones 30, DAX 30, FTSE 100, Nikkei 225, and CAC 40, commodities including crude oil, natural gas, gold, silver, wheat, corn and coffee, and cryptos including BTC, ETH, and LTC.
Trading Platforms
Your trading platform plays an important role in your trading journey. WebTrader is convenient to use as it is a browser based platform. However, the downside is that this platform offers simple signals. TradingView, MetaTrader, cTrader, and other advanced trading platforms on the other hand show advanced signals for more insightful trading.
Adding to the convenience of trading aspect, the company also has mobile apps available on iOS and Android. With these apps, you can stay on top of the market movements and make the best trading decisions.
Leverage and Spreads
Leverage is a multiplier offered by your broker that allows you to control bigger positions against your investments. With this feature your profits can multiply but so can your losses. In other words, leverage is a double edged-sword. TradGrip offers 1:200 leverage. To help you avoid losing more than your available funds, the company offers an additional feature of a stop-out level at 5 percent.
TradGrip offers variable spreads, which means they are governed by the market instead of the broker. Such spreads are mostly lower compared to their fixed counterparts.
Deposit and Withdrawal Methods
The flexibility to use your desired deposit and withdrawal methods is another feature traders look for when opting for a new broker. TradGrip provides straightforward methods of Visa, Mastercard, and wire transfer. Compensating for the lack of the facility to use a digital wallet to make these payments, the company does not charge deposit and withdrawal fees. But it is important to note that a trader’s bank may charge fees on transactions depending on the local regulations of the country.
Company Details
TradGrip is licensed and registered under the name of Zenith Markets PLC. The company is headquartered in Comoros and its registered office address is Bonovo Road, Fomboni, Comoros KM. Despite being a young trading company, the broker is attracting many clients thanks to some of its standout features like region specific support languages, a mobile app, and a wide variety of tradable assets.
Regulation and Compliance
TradGrip is a MISA regulated broker under license number BFX2024031. It is important to note that MISA is an offshore regulator, so it does not offer the features and the limitations you get with tier-1 regulated brokers. The trading conditions are quite flexible and you get high leverage of 1:200.The broker adheres to KYC (Know Your Customer) and AML (Anti Money Laundering) compliance.
Conclusion
TradGrip offers a very balanced set of offerings catering to many types of traders. Where there are many features that truly make it a special broker, there are also a few features missing. But that is the case with almost every other broker on the market. It is important to look at both the pros and cons of trading with a company, and then commit to a broker. All things considered, TradGrip is a solid broker that shines in many departments.
+441863440820
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Accounts
Most brokers usually offer multiple trading accounts for different types of traders. These account types usually differ in trading conditions, mostly trading fees. TradGrip offers 3 types of live trading accounts and a demo account. The demo account is a great option to experience the company’s mobile app and the WebTrader platform.
The following are the live trading accounts from the company:
Silver Account
The Silver Account is an entry level account best suited for beginners. This account requires a minimum deposit of $500 to start trading. The spreads are variable and generally low while the offered leverage is capped at 1:200. The minimum number of lots tradable is 0.01 and the stop-out level is set at 5 percent. You can access all the tradable assets and services on all trading accounts.
Gold Account
The Gold Account is a medium-tiered option for somewhat experienced traders. The main differences between this account and the Silver Account are applied spreads and swap fees, which are 40 to 50 percent of the Silver Account. Other offerings on this account are the same as the Silver Account.
Platinum Account
Platinum is the top tier trading account and is best suited for seasoned traders. The spreads and swap fees on this account are 60 to 75 percent of the standard Silver Account.
Demo Account
The Demo Account is a free tier account with virtual funds. You can get a feel of the trading platform and test strategies without risking actual funds. For new traders, it is highly advisable to get the most out of the demo account before opening a live trading account.
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Forex.com Best Trading PlatformsStart trading76-78% of retail investor accounts lose money when trading CFDs with this provider.
TradGrip compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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4.1/ 5
-
4.1/ 5
- $250
- 1:200
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4.1/ 5
- $0
- $0
-
4.1/ 5
- No
-
No
-
See review
-
4.9/ 5
-
4.8/ 5
- $10
- 1:2000
-
4.8/ 5
- $0
- $0
-
5/ 5
- FCA, CYSEC
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No
-
See review
-
4.7/ 5
-
4.7/ 5
- N/A
- N/A
-
4.7/ 5
- N/A
- N/A
-
4.7/ 5
- CBR
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Yes
-
See review
-
4.9/ 5
-
4.9/ 5
- $10
- 1:2000
-
4.8/ 5
- 1%
- $0
-
4.8/ 5
- No
-
Yes
-
See review
-
4.8/ 5
-
4.8/ 5
- $1
- 1:3000
-
5/ 5
- $0
- $0
-
4.8/ 5
- No
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No
-
See review
