Independent Review - TradeMax Global Markets
Introduction and Comments
TradeMax Global Markets (TMGM) is an ASIC-regulated forex and contracts-for-difference (CFDs) brokerage headquartered out of Australia.
TMGM is available in multiple jurisdictions, delivering a personalized trading experience, with access to globally renowned platforms, and upwards of 15,000 tradable assets.
The company supports both desktop and mobile app trading for iPhone and Android devices and specializes in offering a one-of-a-kind trading experience.
TradeMax Global Markets is currently regulated by two financial authorities, including the following:
Australian Securities and Investment Commission (ASIC)
TradeMax Australia Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC) with AFSL No. 436416.
Vanuatu Financial Services Commission
TradeMax Global Limited trades as TradeMax Global Markets (TMGM) and is regulated by the Vanuatu Financial Services Commission (VFSC) with registration number 40356.
TradeMax Global Markets’ platform is supported in English, Spanish, Chinese, and Vietnamese. They will be having more languages implemented according to their support.
Trading with TMGM is straightforward. Users can sign up for either the Edge or Classic trading accounts. Both options offer access to a free demo account with the same core features:
Minimum Deposit: $100
Min Lot Size: 0.01 Lot
Max Leverage: 1:500
Execution Type: ECN
EA Available: Yes
Islamic Account: Yes
Hedging Allowed: Yes
The major difference between the Edge and Classic trading accounts is its commission-based structure. Edge account users are charged a commission of $7 per trade, with spreads from 0.0 pips. By extension, the Classic account is commission-free, utilizing variable spreads from 1.0 pips.
Both the Edge and Classic accounts support hedging, Islamic accounts, EAs, ECN trade execution, leverage up to 1:500, a minimum lot trade size of 0.01 lot, and a minimum deposit of $100.
As each option has its strengths and weaknesses, TMGM provides a helpful account trading placement tool in the form of a short questionnaire on their platform. This is designed for traders who are unfamiliar with which trading account is best suited for their style of trading.
Fees and Costs
The minimum deposit sum required for traders of TMGM is $100. Upon deposit, all funds are fully segregated in Tier 1 banks such as Westpac and NAB.
Supported payment methods include Visa, MasterCard, Bank Transfers, Neteller, Skrill, UnionPay, AliPay, FasaPay, SticPay, and Broker to Broker, among others.
Of note, TMGM does not enforce any withdrawal or deposit fees on traders. Moreover, TradeMax Global Markets safeguards liabilities against clients with a Civil Liability Insurance program that provides a market-leading coverage against errors, omissions, negligence, fraud, and other various risks for up to $5,000,000.
TradeMax Global Markets supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Users are also given access to the proprietary trading platform, iRESS.
Considered the industry standard, both the MT4 and MT5 platforms are ideal for algorithmic and discretionary traders. Their flexibility enables investors to trade with TMGM seamlessly from any internet-enabled device.
TMGM also provides a free demo account to help familiarize all users with each trading platform.
Up to TradeMax Global Markets supports over 15,000 tradable instruments in the following asset classes:
- Shares (CFDs)
- Indices (CFDs)
- Precious Metal (CFDs)
- Soft Commodities (CFDs)
- Energies (CFDs)
- Cryptocurrencies (CFDs)
Cryptocurrency trading is supported through the MT4 platform. Investors are not required to utilize a digital wallet to trade cryptocurrencies.
Additionally, there are thousands of shares available to trade at TMGM through the MT5 and iRESS trading platforms.
Traders have access to over a hundred advanced technical indicators, Expert Advisors (EAs), and flexible trading tools.
Every trading instrument is ranked by TMGM’s proprietary Risk and Valuation Score, which may be used by all TMGM traders. This represents a helpful aid to quickly evaluate a trading instrument’s investment risk.
Users can explore over 40 professionally developed trading portfolios and briefings that break down trending industry sectors and more.
TradeMax Global Markets provides trading tutorials for their platform along with simple trading insights. This includes the basics of CFDs, how to trade forex, how to navigate the MT4 platform, and more.
TradeMax Global Markets is supported by a strong customer service team that is there when you need them most. The company may be reached through the following channels:
Phone: +61 2 8036 8388
Working Hours: 24/5
TradeMax Global Markets also possesses six group offices, located at the following:
Level 28, One International Tower, 2000 Barangaroo Avenue, 2000 Sydney NSW, Australia
Level 7/460 Bourke St, Melbourne VIC 3000, Australia
Ground Floor, 60 Hindmarsh Square, Adelaide SA 5000, Australia
Ground Floor, AMP Building, 1 Hobart, Place City, Canberra ACT 2601, Australia
Shizheng North 2nd Road, Xitun District, Taichung City, Taiwan, R.O.C
1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu
The Bottom Line
TradeMax Global Markets delivers a powerful and versatile trading platform that caters to both new and experienced traders.
Regulated in multiple jurisdictions, TMGM is a safe choice for traders with access to over 15,000 trading instruments, insurance up to 2.5 million Australian dollars, and exposure into seven financial markets.
Instruments / Contracts