1. Is TradeMax safe or a scam?
  2. Trading Platform
  3. Accounts
  4. Spread
  5. Leverage
  6. Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
  7. Conclusion

What is TradeMax?

At the beginning of the development, TradeMax group started its operation in Australia back in 2013 when received its license from ASIC to provide OTC derivative and forex trading. Further on, for years of the progress and continuously strives, the company brought consistent and reliable DMA (Direct Market Access) trading environment without any human intervention.

What technology des TradeMax use?

Overall, TradeMax group consisting of the experienced IT company, which develops the technological solutions to the better trading process while broker’s partners are top-tier brokerages and liquidity providers across the globe that allows customizing price channels and execution styles.

Therefore, the combination provides a robust infrastructure with dedicated risk management, through the team based in the US that monitors the stability of pricing, and best available quotes. Furthermore, the tech solution includes Alibaba Cloud Express Connection that brings a fast, secure network communication and low latency between the Trading Servers and TradeMax’s platforms MT4 and PulseTrader for Equities and Option trading.

TradeMax Review

10 Points Summary
🏢 HeadquartersAustralia
🗺️ Regulation and LicenseASIC
🖥 PlatformsMT4, PulseTrader
📉 Instruments100+ currencies, Commodities, Indices, Futures, Cash DMA Stocks, Options, Bonds and ETFs
💰 EUR/USD Spread0.2 pips
💳 Minimum deposit1,000 US$
💰 Base currenciesAUD, USD, EUR
🎮 Demo AccountProvided
📚 EducationVast range of online and offline educational support
☎ Customer Support24/5

Education

Apart from technology, the Broker also recognizes the need for quality customer support, which led the TradeMax to develop and provide 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. Moreover, the dedicated management support available to everyone from the beginning trader to the professionals or money managers.

TradeMax education

Is TradeMax safe or a scam?

TradeMax 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) which adheres to strict standards. The ASIC regulation is among the strictest authorities worldwide, which ensures the stability and trustable maintain guidelines with the protection of the client.

Also, there is a TradeMax Global entity that falls under the laws of Vanuatu, an offshore zone. While generally, we do not recommend trading with offshore brokers due to lack of requirements, since TradeMax holding an additional reputable license it is considered safe to trade.

TradeMax license

How are you protected?

Along with that, the are numerous rules before brokerage establishes among them is capital requirements that should meet the robust risk management and internal procedures, with sufficient cash equivalence that provides broker’s reliability. 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

A wide range of products across various subsidiaries within the group supports traders of different preferences. The variety includes 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.

In addition to its platform proven capabilities, the TradeMax cooperates with SaxoTrader platform designed for most advanced traders to use the liquidity data, with modules and tools to increase profitability, as well professional charting functions.TradeMax platform

Along with that, the inbuilt platform tool PulseTrader with a customizable workflow is suitable for active and professional traders bringing vast of powerful capabilities, which is a great offering from TradeMax indeed. This platform is one of the most advanced software for equities trading with direct support, integrated price alerts, real-time feeds and pricing for both theoretical values and current market Options sentiment.

Account

As for the account types, TradeMax range includes 4 options from the Standard to Professional level traders, as well as money managers through MAM accounts. What is also great, TradeMax aims to ensure client inquiries and accurate performance thus provides dedicated account manager service to all clients with no matter of the size you operate.

While the Standard Account is an easy proposal with a start capital of 1,000$ with no commission charges but with competitive spreads and market access. The Premium account and Professional one require a quite high balance of 50k$ and 100k$ accordingly. Yet, professionals and active traders will really enjoy vast opportunities along with tight spreads and trading via interbank spreads with commissions charge 7.0.$ per lot.TradeMax accounts

Fees

TradeMax spreads as mentioned designed according to the account type, while Standard account offers slightly higher spreads with no commissions and higher grate accounts allows enjoying of interbank spread.

For instance, see below a comparison of the spread offering, as well you may compare TradeMax fees to another popular broker IC Markets.

Asset/ PairTradeMax Spread
EUR/USD0.2
Crude Oil WTI3
Gold20 cents

Also, always consider overnight fee or swap as a cost, an interest for holding positions open overnight in foreign exchange trading. See example below with overnight rates for indices.

TradeMax swap

Leverage

While trading Forex you are able to use leverage, which allows you to profit from the fluctuations in rates through multiplied trading size, compared to your initial balance. Leverage 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.

  • The leverage offered by TradeMax eventually is one of the highest that 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

Easy and convenient funding of account can be performed by multiple secure methods with zero transaction fee and includes BankWire transfers, Cards payments, PayPal, UnionPay, POLi and fasapay. The account base currency is a choice of the trader, so it means all your transactions to and from the trading account will be performed with the chosen currency making it an easier process.

TradeMax funding

What is the minimum deposit for TradeMAX?

As for the minimum deposit requirement, the Standard account aims to 1000$ at the beginning and the Premium account demands a 50,000$, which is a bit high by reasonable in terms of great benefits from TradeMax.

Conclusion

Overall, the TradeMax review researched the brokerage Group, which strives and bring comprehensive technologies for daily Forex trading operations. In terms of regulations and reliability, TradeMax maintained safe trading operations according to the heavy requirements of ASIC, hence the investors are protected by many means.

The broker not only uses the technology but develops it too since one of the branches is an advanced IT Company. With their direct access to markets and tailored solutions, the offering is strongly considered. However, it might be a bit complicated for traders of bigger sizes to join, due to a quite high balance requirement.

Another Australian forex broker is recommended FP Markets which provides some of a good trading condition in spread compared to TradeMax.

Nevertheless, we would be glad to know your personal opinion about TradeMax, share your experience or refer to us for some additional information through the comment area below.

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2 responses to “TradeMax”

  1. Hi
    Im chasing a broker that I can trade Forex and ASX stocks on the MT5 preferably but MT4 would be ok platform. Is this possible with you guys and do you allow both with a demo account?

  2. Bank(银行名称): National Australia Bank
    Account Name(收款人姓名): TRADEMAX GLOBAL USD CLIENT TRUST ACCT
    Account Number (收款人账号): TRMAXUSD01
    SWIFT Code: NATAAU3303M
    Bank State Branch (BSB) number: 082-039(Optional)
    Bank Branch Address(银行地址): Level 2, 28 George St, Parramatta NSW 2150
    Beneficiary Address(收款人地址): Level 40 One International Towers, 100 Barangaroo Avenue, Sydney New South Wales 2000
    Phone Number(收款人电话): +61 2 8036 8388

    ** 根据国际反洗钱法的规定, TradeMax 不接受任何第三方入金,入金必须使用您本人的银行账户。 如果被确认为第三方入金, TradeMax 会为您退款,退款可能会产生银行费用,同时耗时较长。 所有的时间/资金损耗需要由客户自行承担。 (第三方:除客户本人外的人或者机构。)
    ** 建议您电汇资金的币种与电汇的信托账户币种保持一致,以免多次换汇造成2002_NathalieHuang汇率损失
    ** 电汇可能会产生银行费用,请联系您的银行来详细咨询中间行费用。
    ** 大于1万美元的电汇需要在此上传电汇单。

    Pls confirm back if the above account details us your company’s account address? I will remit payment to your company now through the your Asia agent no.2002_NathalieHuang, does your have this agent? I am afraid to be cheated.

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