The Electronic Communication Network (ECN) was first invented around 1969, making it transparent, efficient and cost-effective; it quickly replaced manual traders and became the dominant player in today's transactions. It continuously improves and solve problems making it the way for development and progress of civilization. TradeMax never set itself as an online trading platform. From the early days of our establishment to the present day, every step of our development is initiated from the view of all new requests and demands bearing concept of improvement and resolutions.
Since the beginning, TradeMax runs a highly professional and independent technical team that allows optimal devotion and efficiency, therefore is able to provide safer and more helpful technical developments. Participation from Deloitte and BDO will oversee the compliance and reliability of TradeMax, hence we ensure that we perform at the highest standards in the world. Furthermore, the addition of David Mullan and Rick Klink maximize the TradeMax board of directors and provided tremendous help and foundation for the establishment of its securities and wealth management businesses.
Over the years, the 'quantity' accumulation until 2018 will enable the ‘quality’ change of TradeMax ' this year. We will continually remind ourselves of our initially mission and motivation to never stop growing and moving forward - let the struggle and desire allow us to be connect with the best resources in the world and truly achieve the service of trade in the real global market.
All TradeMax Australia client segregated trust accounts are held at an Australian ADI (Authorised Deposit-taking Institution), and are in compliance with Australian client money laws and regulations. The client cash position is reconciled by the back office on the daily basis to verify adequate funds maintained in the client segregated trust account.
Whilst all TradeMax clients’ funds are pooled and securely segregated with National Bank of Australia (NAB), we also offer high net worth individuals or institutions with a segregated trust account in their own name.
Professional Indemnity Insurance, also known as professional liability insurance or PI, provides cover to protect Trademax if claims are brought against Trademax by a client. PI insurance can help to put mistakes right and cover any legal costs if a client alleges Trademax have provided inadequate service or advice.
Under s912B of the Corporations Act 2001, Trademax is required to hold Professional Indemnity Insurance. To be fully compliance with the legal requirements as well as provide assurance to its clients, TradeMax has proscribed up to 10 million Professional Indemnity Insurance coverage at in the United Kingdom to guarantee that the company is able to adequately fulfil its potential legal and compensation cost arisen in the course of providing financial services to its clients.
We handle all Client Money we receive in accordance with and subject to Part 7.8 of Division 2 of the Corporations Act, ASIC Regulatory Guide 212: Client money relating to dealing in OTC derivatives and Client Money Reporting Rules.
Client Money will be paid into a trust account maintained by us with National Australia Bank, an authorised deposit-taking institution (ADI), which is strictly segregated from company funds. Your moneys may be co-mingled into one or more pooled trust accounts with other clients’ moneys.
Under the Australian Client Money Rules, we must hold your moneys on trust. The fundamental protection that the trust requirement seeks to ensure is for client money to be returned to clients, and not paid to creditors, in the event of the licensee’s insolvency.
In compliance with the Client Money Reporting Rules, TradeMax Australia has imposed procedures and policies on client funds reconciliation, record keeping and reporting. Trademax back office performs daily& monthly reconciliation on client cash position to verify adequate funds maintained in the client trust account. TradeMax Australia is also obliged to keep accurate records of client money it has received at all times.