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4/10
Overall Rating

TradeMax

TradeMax is a forex broker offering forex trading services via MetaTrader 4 and MT4 mobile trading platforms. Regarding orders execution model, TradeMax Capital is an a-book broker. TradeMax offers to trade currencies, indices, CFDs and commodities. TradeMax is regulated by the ASIC (Australia). Is TradeMax Capital scam or reliable? Give your rating in the section below. This is a free directory listing of Australian Forex broker TradeMax. Therefore, the information about the TradeMax review is limited.

Overview

Company
5/10
Trust
5/10
Trading Platform
6/10
Account Types
4/10
Cryptocurrency
1/10
Costs
1/10
Customer Support
5/10
Regulation
5/10

Based on our readers-first policy, putting their safety as a priority in our business line, we, as AtoZ Markets, scrutinize not only the broad headline with which a brokerage platform identifies itself, but even the smallest details about it.

This comes from our belief in values in the first place, and the must-have truth and transparency in what we publish on our website, en route of keeping the trust our readers put in us, which of course has contributed much to our name and stands behind its continuous ascendance.

For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation, when it comes to presenting our audience with an overview about a brokerage firm. In this review, we will dive in depth of TradeMax. 

Company

5/10

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. TradeMax Group Pty Limited (ABN 76 162 331 311) is a financial services company which is located in Level 40, One International Tower 100 Barrangaroo Avenue, Sydney NSW 2000, Australia. 

PROS
ASIC Regulated forex broker
Provides MetaTrader4
CONS
Very high spread
High commission fees
Very high minimum deposit
No micro tradeable lots
Poor customer service

Trust

5/10

Trading Platform

6/10

Trademax supports the MT4 platform which is available to its clients as desktop download and mobile apps. In addition to that, they offer Pulse Trader with its advanced inbuilt tools for customizable workflow. This featured-packed trading platform is suitable for both active traders and professional advisers.

Account Types

4/10

According to their official website, clients can trade over 100 CFD instruments across currency pairs, commodities and global indices with TradeMax Trading Account. The forex broker is partnered with multiple liquidity providers and OneZero as their bridge and aims to offer enhanced executions, deep liquidity and high stability at all times.

Diving deep into the Australian forex market, our AtoZMarkets research team has found out the broker is inclined towards big traders. TradeMax has very limited option for their account type which is not feasible for small traders. 

Cryptocurrency

1/10

TradeMax doesn't provide cryptocurrencies trading option to its clients.  

Costs

1/10

Traders are required to deposit 1,000 USD in order to open an account with Trademax Capital, which is an average amount to start with. The spread for the EURUSD pair was floating around 3.4 pips. Such spread is very high with high commission fees. In total amounting to $30 per standard lot. Basically, this means that trading costs with Trademax Capital amount are around 6.4 pips on EURUSD per standard lot. 

Additionally, The maximum leverage levels available for standard clients of Trademax are quite high, reaching 1:400.

Customer Support

5/10

Regulation

5/10

TradeMax is regulated by an Australian regulator - Australian Securities and Investments Commission (ASIC), which means that the company holds at least 1,000,000 AUD in net tangible assets.

Conclusion

Trademax Capital is a well-regulated Australian forex and CFD broker that was established in 2013. The main problem with this MT4 broker is that its spreads are very high and on top of that feature high commission fees.

Based upon AtoZ Markets Team research, it is hard to say TradeMax forex broker is a reliable forex broker for the beginner and intermediate traders keeping trading platform, high deposits, high spread, ease of use, customer service and trust into account.

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