3 mins read | The app is easy to use and deposits process quickly without any hassle.
Overview
Unique Selling Points Wide Variety of Tradable Assets The preferred tradable assets for all traders are different. Where many seasoned traders may prefer trading commodities, new traders are...
Unique Selling Points
Wide Variety of Tradable Assets
The preferred tradable assets for all traders are different. Where many seasoned traders may prefer trading commodities, new traders are usually more likely to trade in cryptos. To serve all types of traders, the company offers an extensive portfolio of around 250 assets. Most brokers offer around 160 assets, so the option to choose from a wider variety is definitely an advantage you get with TradGrip.
Trading Device Flexibility
The ease of trading is a major factor when it comes to choosing a broker. Most traders have a preference for a specific trading platform. For example, many are cTrader or MetaTrader 4 or 5 loyalists, whereas others may prefer TradingView. TradGrip offers a powerful WebTrader platform, which is a browser based application. So, you can access your trades conveniently from any device of your choosing. Adding another layer of convenience, the broker also offers a proprietary trading application available on iOS and Android devices.
24/5 Customer Support in Multiple Languages and Channels
English is the standard language for most brokerages that accept international clients. However, the challenge is that most people outside of the US and UK speak English as their second or third language. To serve non English speakers residing in the company’s target geos, the company also offers customer service in Hindi, Japanese, and Portuguese.
Besides offering multilingual support, the company also offers support via chat, calls, and email. Based on the type of query, you can drop them a message on live chat, send an email, or call the team. No matter which time zone you are in, you can reach their team on trading days as the company offers 24/5 customer support.
Multiple Trading Account Options
Many brokers offer different types of accounts with varying trading conditions and TradGrip is no exception. The beginner friendly accounts usually have the highest spreads whereas the professional accounts have the lowest spreads. The same applies to overnight swap interest as well.
TradGrip offers Silver, Gold, and Platinum trading accounts. These accounts differ in spreads and swap interest. There is also a free demo account for risk free practicing with virtual funds.
No Additional Trading Fees
For new traders, many trading related fees come as a surprise. These fees usually include deposit fees, withdrawal fees, and inactivity fees. All these add additional trading overhead besides spreads and overnight swap fees. TradGrip does not charge any of these fees. You are only charged spreads and swap fees.
Countries
+220
+220Devices
Minimum deposit $250Withdrawal fee $0Deposit fee $0Max insured No
Our Verdict 4.1 / 5
See our process of evaluating brokers
Commissions & Fees4.1 / 5
Deposit & Withdrawal4.1 / 5
Customer Support4.1 / 5
Account Opening4.1 / 5
Regulation & Safety4.1 / 5
Pros
- A Wide Range of Tradable Assets: TradGrip offers around 250 tradable assets including forex, cryptocurrencies, stocks, commodities, indices, and ETFs.
- 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.
- WebTrader and Proprietary Mobile App: Trade with the browser based WebTrader or trade from the company’s proprietary mobile trading app.
- 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.
- No Additional Trading Fees: TradGrip does not charge additional trading fees in the name of deposit fees, withdrawal fees, and inactivity fees.
- 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
- 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.
- Offshore Regulation: TradGrip is regulated by MISA in the Union of Comoros. MISA is not a tier 1 regulator.
- 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.
Type of accountsUnlimited Demo AccountsStandard Accounts
Trading platformsWebTrader
Execution modelSTP
Deposit currency
USD
USDRegulatory complianceMISA
MISADeposit payment systems
Withdrawal payment systems
Support languagesPortugueseJapaneseHindiEnglish
PortugueseJapaneseHindiEnglishContact details[email protected]+441863440820
Customer reviews
Overall score 4.7 / 5 · 11 customer reviews
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I’ve been using it for over a year and the team keeps improving it with meaningful updates driven by user feedback. Their dedication to creating the best tool for traders is evident. Definitely a five star experience.
Tradgrip gave me the structure I needed to take trading seriously. With its goal setting and detailed reporting I’ve become far more disciplined than before. It’s now the foundation of my entire trading approach.
This software helped me clearly see which of my three strategies were actually profitable and which one was draining my balance. It made it easy to drop the ineffective one and focus more on the winning strategy. It’s like having an X ray view of your trading performance.
A broker with standard features. Nothing problematic but nothing exceptional either. A decent middle of the road option.
I’ve seen other trading journals that cost twice as much but offer far fewer features. Tradgrip stands out with its rich tools from performance analytics to trade simulations delivering excellent value for money.
I’ve used spreadsheets and other apps before but Tradgrip is far ahead. The ability to import trades automatically and analyze data flexibly is incredible. It’s helped me make better data driven decisions instead of emotional ones.
I’ve used spreadsheets and other apps before but Tradgrip is far ahead. The ability to import trades automatically and analyze data flexibly is incredible. It’s helped me make better data driven decisions instead of emotional ones.
I initially thought it might be complicated but the onboarding was smooth and straightforward. The interface is intuitive trade entries are quick to set up and the performance reports feel like having a professional coach guiding every move.
Tradgrip provides strong analytics and trade simulation tools offering better value than many competitors. The interface is smooth and the real time performance metrics are very helpful for traders who like to monitor every detail.
Overall Tradgrip is a solid platform with fair spreads and reliable execution. Withdrawals can be a bit slow at times and support tends to lag during busy hours but the features make it a worthwhile option.
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.
