REVIEW - Trademax Global Markets (TMGM)

What is TMGM (Trademax Global Markets)?

TMGM (Trademax Global Markets) started its operation in Australia back in the year 2013. The company has an AFS licence from the Australian watch dog ASIC to provide OTC derivative and forex trading. The ASIC regulation is among the strictest authorities worldwide, making TradeMax a safe broker to trade with.

TMGM (Trademax Global Markets) consists of an experienced IT company, which takes care of the technological solutions development, while the broker’s partners are top-tier brokerages and liquidity providers across the globe, allowing customizing price channels and execution styles.

TMGM (Trademax Global Markets)’s tech solution includes Alibaba Cloud Express Connection, offering a secure network communication and low latency between the Trading Servers and TradeMax’s platforms MT4 and PulseTrader for Equities and Option trading.

Education

TMGM (Trademax Global Markets) develops and provides a vast range of online and offline educational support. The classes are standing at the core of the trading and suitable for anyone no matter the level – everyone from the beginning trader to the professionals or money managers.

Is TMGM (Trademax Global Markets) safe?

TMGM is a safe broker to trade due to its regulatory status, since TradeMax Group Pty Limited is a financial services company regulated by the Australian Securities and Investments Commission (ASIC).

There is also a TMGM entity that falls under the laws of Vanuatu, an offshore zone. Trading with offshore brokers is not recommended by LeapRate, due to lack of requirements. However since TMGM is already holding an additional reputable license, it is considered safe to trade.

Risk Management

All clients’ funds are held in a segregated trust account with National Australia Bank (NAB), as well the investors falling under the Professional Indemnity Insurance that places the compensation in case of the broker’s insolvency.

Trading Platforms

TMGM offers a wide range of products across various subsidiaries, including 100+ currencies, Commodities, Indices, Futures, Cash DMA Stocks, Options, Bonds and ETFs that are accessible through the trading platform, the most popular MT4 available through PC, Web and Mobile versions.

Account Types

TMGM offers Edge and Classic trading accounts to match every trading style across all levels of experience.

Photo: Leaprate

The account feature comparison can be seen below:

Photo: Leaprate

Leverage

While trading Forex you are able to use leverage. Leverage allows you to profit from the fluctuations in rates through multiplied trading size, compared to your initial balance. It is a loan provided to a trader by the broker with a possibility to multiply potential gains, however, you should learn how to use tool smartly and do not involve yourself into the highest risk.

TMGM offers 1:500 leverage – one of the highest ones investors can obtain. Usually, the amount of leverage provided is either 50:1, 100:1 or 400:1 depending on the instrument you trade and the size of the trading position.

Deposit and Withdrawal Methods

TMGM offers quite easy funding of your account by multiple secure methods with zero transaction fee and includes BankWire transfers, Cards payments, UnionPay, POLi and fasapay. The trader can choose by themselves their account base currency, meaning that all their transactions to and from the trading account will be performed with the chosen currency making it an easier process.

The Standard account aims to $100 minimum deposit at the beginning.

Conclusion

In terms of regulations, TMGM (Trademax Global Markets) is regulated by ASIC, therefore considered a safe broker to trade with.

• The broker develops its own technology and has direct access to markets and tailored solutions.
• The level of customer support on offer is impressive, reviews online seem quite positive.
• The high minimum deposits ($100) required to open an account mean that TMGM (Trademax Global Markets) could be considered best suited to more serious traders with some experience, rather than newbies.

Reprinted from Leaprate, the copyright all reserved by the original author.