With this TradeMax Review we want to find out if TradeMax is really one of the best Forex Brokers of 2020. 
We conducted an in-depth review in July 2020 to find out the answer and bring it to you!


The OTC derivative and Forex trading company TradeMax Group was founded in the year 2013, offering its trading services to both retail and wholesale clients. A few years later, after successfully acquiring an IT company, the Forex broker created TradeMax Equities to deal in exchange tradeable products such as stocks, bonds, debentures as well as providing MDA services.

According to their vision, the CFD provider sets out to continuously improve on the bridge between demands and solutions for global investors.


💻 Trading PlatformMetaTrader, IRESS
🏢 Head OfficeAustralia (Sydney)
📅 Founded2013
↔ Maximum Leverage500:1
🖥 Execution Servers Alibaba Cloud Express
📡 Broker TypeECN
💰 Negative ProtectionNo
📊 Trading OptionsForex, CFDs, Indices

OUR RATING: 8.8
The overall raiting is based on review by our experts
👌 Reliability: 9 / 10 📈 Spread: 10 / 10
🞧 Offers: 9 / 10🚅 Speed of Execution: 9 / 10
📧 Customer Service: 7 / 10👍 Uptime: 9 / 10
Trading Conditions
Max Leverage:500:1
Platform:
Min Deposit:$200
Spread:From 0.0 Pips
Cuts out Dealing Desk:Yes
Methods of deposit and offers
Deposit / Withdraw:
Rebates Engine Forex:Coming soon!

SECURITY, MARGINS AND TECHNOLOGY

SECURITY


TradeMax Group holds an Australian Financial Service License (TradeMax Australia Pty Limited, AFSL: 436416) and is regulated by the Australian Securities and Investments Commission (ASIC), guaranteeing safety for their customers.

The firm assures to hold all client monies in a segregated trust account which is strictly separated from company funds.

In full compliance with Anti-Money-Laundering CTF legislations, TradeMax Australia has an AML/CTF program in place to ensure KYC procedures.

The firm assures to hold all client monies in a segregated trust account which is strictly separated from company funds.

Spreads Comparison

TradeMax
100
AxiTrader
80
THINK MARKETS
80
OANDA
60
IC MARKETS
100
easyMarkets
80

CHARGES AND MARGINS AT FBS

As is the case with all CFD providers, clients at TradeMax pay a spread on every non-equity CFD. The broker also offers Share CFDs through a different platform called IRESS, which also let traders receive dividends from their investments.

TradeMax offers an extremely wide range of markets, including currency pairs (Fx), commodities, global stock indices, shares, options, bonds, warrants and cryptocurrencies for CFD trading. Their clients have access to a wealth of financial instruments and maximum leverage of up to 500:1, depending on the selected account type and instrument used.

Margin requirements depend on the trading account, individual settings as well as the traded instrument and can be viewed in detail in TradeMax’ products disclaimer.

TECHNOLOGY

Analysing technology features of TradeMax we need to clearly distinguish between the broker’s trading conditions and their website/client portal.

On the positive side of things, TradeMax’s trading environment is at a highly competitive level, with solid liquidity providers and OneZero as their bridge to guarantee deep liquidity at regular market conditions. Our tests confirm that even during volatile times liquidity is rarely an issue and spreads stay within a tight range. Thanks to Alibaba Cloud Express Connections, which provide TradeMax with a fast, secure, stable and private network communication, users benefit from a top-notch, professional trading network. TradeMax utilises its Multi-Region Datacentres to create a highly accessible and fast network to their clients. Their Beijing, Shanghai, Shenzhen and Hongkong servers in Alibaba Cloud Datacentres are providing the fastest connections to customers in China, whilst their Sydney, Singapore, Taiwan, Frankfurt, US servers are serving international clientele. All these servers located all over the world are connected back to the TradeMax Main Trading servers in the US Alibaba Cloud Datacentre.

Trading platforms available at TradeMax are the traders’ darling MetaTrader 4 (MT4) as well as the less popular IRESS. They are also about to launch MetaTrader 5 (MT5) anytime soon now.

FBS Trader is the broker's new, proprietary trading platform. The broker highlights that this trading platform is as powerful as the popular MetaTrader platforms but simpler to use.

MT4 is available for Windows as a download version with the usual minimum system requirements. Additionally, MetaTrader 4 is offered as a web application (Webtrader) and for mobile devices. Mobile trading is accessible to both Android and iOS devices (iPad and iPhone). IRESS is cloud based so doesn’t require any software installation.

MT4 comes with its typical variety of technical indicators and technical analysis tools. On top, one MT4 extra feature many traders appreciate and which is freely given by TradeMax is a live news feed. Further Expert Advisors (EA’s) are allowed and accessible and can be implemented in one’s trading strategy.

IRESS is a rich cloud-based trading platform. It is one of the most advanced equities trading platforms on the market, feature rich and suitable even for professional share traders. It offers advanced market analysis tools with customisable features as well as fast and secure order execution. At TadeMax, IRESS allows access to exchange traded products such as equities, warrants, ETFs and options trading.

Trading platforms available at TradeMax are the traders’ darling MetaTrader 4 (MT4) as well as the less popular IRESS. They are also about to launch MetaTrader 5 (MT5) anytime soon now.

Execution of Speed Comparison

TradeMax
90
PEPPERSTONE
100
THINK MARKETS
90
OANDA
80
IC MARKETS
100
FXTM
80

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

CUSTOMER SERVICE AND CLIENTS SUPPORT

TradeMax offers various account options to suit different trading needs. All account options are available in various funding currencies such as USD, EUR, GBP, AUD, NZD. No matter which account has been selected, clients have access to a personal account manager and high maximum leverage of 1:500. There are no minimum withdrawal limits with any account type, and the minimum deposit amount is $200.

Below is a basic overview and comparison of the available options.

TradeMax trading account options overview:

The different trading account types include a Classic Account with a minimum deposit requirement of $200 and maximum leverage up to 1:500.

The EDGE Account option offers Raw spreads from 0.0 pips and a round turn commission of $7.

Educational material includes online and offline learning materials and tutorials as well as a small FAQ and news section. Well sorted is TradeMax’ “iTrade learning classes” section. These Forex trading classes are split in three different levels: Beginner, Intermediate and Advanced.

Available online tutorials further educate about certain trading relevant topics. They give insight and the most basic information about themes such as Forex Trading, Foreign Exchange Market vs. Stock Market, Fundamental or Technical Analysis.

TradeMax unique 1x1 VIP tutorials are completely customised to match a trader’s individual learning style to not only help master the knowledge for trading, but also give guidance to all the necessary steps to trading and technical analysis.

Available payment and funding options include:

  • Credit Cards (VISA and Mastercard)
  • Alipay
  • Poli
  • Skrill
  • Neteller
  • Sticpay
  • China Union Pay
  • Bank Wire Transfers

From time to time, TradeMax also offers promotions and individual give-aways.

FOREX AND OTHER TRADING OPTIONS AT TRADEMAX

TradeMax clients have access to 100+ currency pairs, 5 cryptocurrencies (Bitcoin, Ethereum, Litecoin, Bitcoin Cash and XRP), commodities, futures and various global index CFDs. Via IRESS, stock traders can also short or long options, global shares, ETFs, bonds, warrants and other equities.

TradeMax spreads vary depending on the chosen trading account option. Similar to other Forex brokers, their Standard and Classic Account varieties have the widest spreads but run without any additional commissions. Their EDGE Raw Spread Account, as the name suggests, gives access to the raw inter-bank spreads and can be as low as 0.0 pips. Typically, the spread on the EUR/USD currency pair is at a competitive 0.1 pips.

SPECIAL FEATURES OF TRADEMAX

  • TradeMax offers excellent trade execution and access to ultra-low spreads from 0.0 pips. Leverage can be set as high as 1:500.

  • Alibaba Cloud Express Connections guarantees a fast, secure and ultra-stable private network communication between all of TradeMax’ servers.

  • Various trading account options to suit any type of trader’s needs and preferences.

  • All trading styles, including scalping, hedging and Expert Advisors (EAs) are welcome.

  • Range of technical analysis tools, indicators and charting tools available.

Max Leverage Comparison

TradeMax
500:1
PEPPERSTONE
500:1
THINK MARKETS
400:1
OANDA
100:1
IC MARKETS
500:1
FXTM
500

IN CONCLUSION

TradeMax offers a strong trading environment with access to a wealth of financial instruments and trading products. Fast execution speeds and deep liquidity is guaranteed thanks to their professional network of providers. Especially the Alibaba Cloud Express Connections provide TradeMax clients with a fast, stable, secure and private network communication between all TradeMax servers. Both novice and professional traders can enjoy two trading powerhouse platforms to engage in Forex, CFDs and shares trading.