Independent Review – TradeMax Global Markets
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TradeMax Global Markets (TMGM) is poised to become the industry-leading foreign exchange and contracts-for-difference (CFD) brokerage for Australian and Pacific traders.
With over 15,000 tradable instruments, TMGM provides all the advantages and safeguards of a fully regulated and licensed broker. The company excels in offering a one-of-a-kind trading experience and risk-free demo accounts to their clients.
Client trading funds are segregated with Tier 1 banks such as Westpac and NAB, while traders can diversify their portfolios with exposure into seven different financial markets.
TradeMax Global Markets is regulated by two leading financial regulatory bodies. This includes the following authorities:
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.
Transparency is one of the cornerstones of TradeMax Global Markets.
The TMGM Group relies on an external, independent auditor to ensure regulatory obligations and compliance are being upheld at all times. Additionally, client funds are held in an Australian ADI (Authorized Deposit-Taking Institution), which boasts an AA rating.
TMGM’s platform is supported in English, Spanish, Chinese, and Vietnamese and they will be having more languages implemented according to their support.
Trading with TMGM is rather straightforward. Users can sign up for either the Edge or Classic trading accounts.
The difference between each trading accounts lies in its commission structure. In particular, Edge account users are charged a commission of $7 per trade, with spreads from 0.0 pips. Alternatively, the Classic account is commission-free, with variable spreads from 1.0 pips.
Each trading account supports 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.
Furthermore, both the Edge and Classic options offer access to a demo account, which is ideal for first-time platform users.
TMGM provides an informative account trading placement tool in the form of a short questionnaire on their platform. This is helpful for traders just starting out who are unfamiliar with which trading account is best suited for their style of trading.
Fees and Costs
There are no withdrawal or deposit fees at TMGM. Overall, the only charges incurred at TradeMax Global Markets are through the Edge trading account, which relies on a flat commission.
The minimum sum required to invest and open an account with TMGM is $100. Prospective clients have access to nearly a dozen supported payment methods including Visa, MasterCard, Neteller, Skrill, FasaPay, AliPay, UnionPay, and more.
TMGM supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Users are also given access to the proprietary trading platform, iRESS.
TradeMax Global Markets also supports a wide range of online trading tools, including technical indicators, charting integrations, Expert Advisors (EAs), scalping, hedging, and automated trading capabilities.
Available base currencies include USD, EUR, GBP, AUD, and NZD. Server locations include New York NY4 and Tokyo TY3.
Portfolio diversity is an area of emphasis at TMGM. The broker supports over 15,000 tradable instruments in the asset classes:
60 currency pairs, including majors, minors, and exoticsLeverage up to 1:500Competitive spreads from 0.0 pipsHigh liquidity
Leverage up to 1:200Commission-free15+ global indices
15,000+ global stocksEarn dividends on your stocksTrade via MT5 and iRESS platforms
Precious Metals (CFDs)
Platinum, Gold, and Silver tradingLeverage up to 1:400
Trade cryptocurrencies via MT4Automate day trading strategiesNo digital wallet is required
Trade Natural Gas and OilLeverage up to 1:100 supported
Soft Commodities (CFDs)
Futures CFDsLeverage up to 1:400 supported
TradeMax Global Markets provides a more hands-on approach for aiding their traders.
Each trading instrument is accompanied 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.
Furthermore, there are over 40 professionally developed trading portfolios and briefings that break down trending industry sectors such as social media, smart banking and transportation, and solar power, among others.
Investors can utilize TMGM’s portal to learn fundamentals for trading forex, CFDs, how to best make use of the MT4 platform, and other enriching insights geared towards enlightening novice traders.
Operating as an industry leader in customer service, TradeMax Global Markets may be reached through the following channels:
Phone: +61 2 8036 8388
Melbourne Office: Level 7/460 Bourke St, Melbourne VIC 3000, Australia.
Vanuatu Office: 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Adelaide Office: Ground Floor, 60 Hindmarsh Square, Adelaide SA 5000, Australia.
Taiwan Office: Shizheng North 2nd Road, Xitun District, Taichung City, Taiwan, R.O.C.
Canberra Office: Ground Floor, AMP Building, 1 Hobart, Place City, Canberra ACT 2601, Australia.
Sydney Office: Level 28, One International Tower, 2000 Barangaroo Avenue, 2000 Sydney NSW, Australia.
The Bottom Line
Both new and experienced traders would be hard-pressed to find a broker as transparent, diversified, and innovative as TradeMax Global Markets.
Regulated in multiple jurisdictions, TMGM is a reliable choice for prospective users with access to over 15,000 trading instruments, insurance up to 2.5 million Australian dollars, and exposure into seven financial markets.
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