At the beginning of the development, the TradeMax group started its operation in Australia back in 2013 when received its license from ASIC to provide OTC derivative and forex trading to the clients. For years of the progress and continuously strives, currently, the company bringing consistent and reliable DMA (Direct Market Access) trading environment without any human intervention.
TradeMax group consisting of the experienced IT company, which develops the technological solutions to the better trading process. Moreover, the Broker partners by choosing 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 MT5.
A wide range of products across various subsidiaries within the group supports investors of different preferences. The variety includes 100+ currencies, Commodities, Indices, Futures, Cash DMA Stocks, Options, Bonds and ETFs.
Apart from the technology, the Broker also recognizes the need for a 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.
Licenses and Regulations:
TradeMax Group Pty Limited (ABN 76 162 331 311) is a financial services company regulated by the Australian Securities and Investments Commission (ASIC) which adheres to strict standards to follow. The ASIC regulation is among the strictest ones worldwide, which ensures the stability and trustable maintain of guidelines and protection of the client. The capital requirements should meet the robust risk management and internal procedures, along with sufficient cash equivalence that provides broker’s reliability. All the 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.
The trading platforms offering includes four market-leading software to choose from. The most popular platform MT4 available through PC, Web and Mobile versions with high customizable capabilities and autotrade through EAs, as well its known indicators and tools. The advanced version of MT5 is also available and is a great choice of professionals, the enhanced capabilities allow a better vision of the markets along with comprehensive tools.
The PulseTrader inbuilt tools with a customisable workflow that is suitable for active and professional traders. 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.
In addition, 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.
The account type range includes 4 options from the Standard to Professional level traders, as well as money managers. The TradeMax aims to ensure client inquiries and accurate performance thus provides dedicated account manager service to all clients with no matter of the size.
– Standard Account is an easy proposal with 1,000$ to start while leverage goes up to 1:400. There is no any commission charges with competitive spreads and market access.
– The Premium Account enables better spread with a minimum deposit of 50,000$
– The other two accounts designed for Professionals with a quite significant amount of 100,000$ as initial balance and high leverage up to 1:200. The Pro Account still offers the direct access with tight spreads, while the Raw Spread Account performs trading via interbank spreads with commissions charge 7.0.$ per lot. Other benefits included in accounts include – VIP Desk and VPS or MAMM Services, which provides 24/5 run of the facilities on the MT4. The VIP Desk provides tailor access to more complex trading conditions in order to meet the particular demands and assist in differences between liquidity providers, API integration or own software while all measures will be discussed.
Deposit and Withdrawal Methods:
AN easy and convenient funding of account can be performed by 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 client, which means all transactions to and from the trading account will be performed with the chosen currency, while the TradeMax supports AUD, USD, EUR, GBP, HKD, JPY, NZD, SGD and PHP.
Overall, the TradeMax review researched the Group, which strives and brings the comprehensive technologies to the daily Forex trading operations. The broker not only uses the technology but develop them also, since one of the branches is 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 size to join, due to a quite high balance requirement. Yet, the Standard account provides STP transaction model with competitive spreads and with dedicated support provided by the company.
In terms of regulations and reliability, the broker maintained safe trading operations according to the heave requirements of ASIC, hence the investors are protected by many means. Nevertheless, TradeMax has in their teams leading professionals with great experience and expertise within the markets and trading process or regulations.