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TradeMax Global Markets Review in brief


TMGM is the brand name of TradeMax Australia Limited, an Australian financial company established in 2013. It is fully regulated by the Australian Securities and Investments Commission (ASIC). The company aims to provide the best trading conditions, powered by industry leading trading terminals. Customers can trade a wide range of trading products including currency pairs, indices, and commodities through two of the world’s most widely used trading terminals – MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The company claims to offer great liquidity by utilizing OneZero’s cutting edge pricing engine. You can start trading with a minimum of USD100.




The company’s regulation is one of the things you should check first. TradeMax Australia Limited is supervised and regulated by the Australian Securities and Investments Commission (ASIC) under license number 436416. Under the licensing obligation, customer funds are held into segregated bank accounts (separate from those used by the company) in the National Australia Bank (NAB), one of the four largest financial institutions in Australia with an AA rating. In addition, TMGM safeguards its liabilities against clients with a Civil Liability Insurance program for a limit of USD5,000,000.


Account Types

There are two types of trading accounts, which differ mainly in the spreads offered and the commission.

Edge Account – You must invest at least USD100 to open this type of account. The spread for the major currency pairs is close to zero at the expense of the USD7 commission per closed transaction.

Classic Account – The minimum deposit is also USD100 and the spread for the major currency pairs starts from 1 pip. Trading is commission free.

There are no differences in the trading sizes, available instruments, and trading platforms for both accounts.


What Type of Brokerage the Company Is?


It is good to know how the company acts against customer’s orders, as a principal (counterparty) or as an agent, which arranges orders for execution with its liquidity providers.  The Client Agreement file informs that TradeMax Australia Limited acts as principal and not as agent on the behalf of the client; Therefore, it will be the counterparty of all the deals of the client. The same is confirmed by the Product Disclosure Statement file, where you can find that TradeMax Australia Limited acts as principal to you and is responsible for setting the instrument prices. It does not act as your agent to find you the best prices. In other words, the company is a market maker and counterparty to all client orders. Being a market maker involves a conflict of interest because TradeMax Australia Limited sets the price of each instrument and the company may enter into transactions with others at different prices or rates.


The same document informs that there may be times where, due to an increase in volatility or volume or other market conditions, some price ‘slippage’ may occur. This generally happens during significant news events or ‘gapping’. It is also written that stop loss orders and limit orders are non-guaranteed orders. Once the stop loss price is reached, the stop loss order becomes a market order. Due to market volatility and liquidity, if it is not possible to fill the stop loss order at the requested price, the company will execute it at the next available market price.

The same document warns that you may lose substantially more than your initial investment. You may incur losses to the extent of your total exposure to the company and any additional fees and charges that apply. These losses may be far greater than the money that you have deposited into your account. This means that the company does not impose a Negative Balance Protection policy.




In addition to usual fees such as spreads, commissions, and rollovers, there also is an inactivity fee. A monthly account maintenance fee will be charged if the balance of the customer’s account is below USD100 or it is inactive for more than six months. However, the amount of the inactivity fee is not specified.


Deposits and Withdrawals


Deposits can be made by bank transfer, credit/debit cards, and e-wallets such as POLi and RMB Pay. Some methods are instant such as credit/debit cards, and e-wallets, while bank transfers usually take longer (up to 5 business days). The company does not charge any additional fees.


Withdrawals up to the original amount will be returned to the customer’s account by the same method used for deposit. The extra funds



 will be returned to the customer’s bank account only. Withdrawals usually take a couple of business days. The company does not charge any fees/commission on deposits/withdrawals. However, you may be subject to fees from banks involved in the case of bank transfers. Please note that for e-wallets, there may be a fee for withdrawals, if you have not traded.



Trading Platforms

The company provides two of the trendiest trading platforms in the industry – MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 terminal is perfect for both manual and algorithmic trading Its intuitive user interface, customizable feature-rich environment and a public library of thousands of custom indicators make it the favorite choice of traders. Flexibility and customization allow traders to optimize their trading strategies. There are easy-to-use charts and many technical indicators. With MT4 you can create automated trading operations, develop, test, and optimize automated trading strategies. MT4 offers automated trading through the so-called Expert Advisors (EAs). The platform is available as a downloadable version for Windows and as a mobile application for Android and iOS devices.


MT5 allows you to take better control over your pending orders providing two additional pending order types. Timeframes of charts are increased to 21 and you can view the market depth (Level II quotes).


In addition, the IRESS platform is available as well, if you would like to trade shares.  Nearly 10,000 global shares are available for trading via the IRESS web terminal. 


There are more than 60 instruments available for trading. In addition, you can trade nearly 10,000 shares through the IRESS web platform.


Forex – 50 major, minor, and exotic currency pairs can be traded. The minimum spread for the EUR/USD pair is about 0.5 pips. The leverage can be up to 1:400.

Indices – You can trade 15 CFDs on the most popular major and minor indices globally, such as DJIA (US30), S&P500 (US500), and FTSE100 (UK100). The average spread for DAX30 is 4 points and for DJIA it is 3 points. The maximum leverage can be 1:100.


Commodities – 3 precious metals (Gold, Silver and Platinum), and 2 energies (WTI Crude Oil and Brent Oil). The average spread for Gold is USD0.5 and for Crude Oil it is USD0.10.



Shares – Nearly 10,000 CFDs on shares of global companies are available for trading through the IRESS web platform. The leverage is 1:10 and trading is subject to commissions.


Data Centers


The company uses the Equinix data centers in New York (NY3) and Tokyo (TY3) to provide deep liquidity.



TradeMax Australia Limited has an ASIC regulation. Тhe company is a market maker, and the main conflict of interest exists. It provides nearly 60 assets via the well-known terminal MT4 and 10,000 shares via the IRESS terminal. There are two types of real accounts – Edge and Classic. The Edge account offers close to zero spreads at the expense of USD7 commission per closed transaction. You can start with a minimum of USD100.

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