Trademax Australia Limited announces revocation of interim suspension orders

Trademax Australia Limited, trading under the TMGM brand, a leading provider of Contracts for Difference (CFD) and margin foreign exchange trading services, announces that the Australian Securities and Investments Commission (ASIC) has revoked the previously issued interim stop orders regarding TMGM’s contracts. for the difference.

On 13 June 2024, ASIC issued interim cease and desist orders prohibiting Trademax Australia Limited from engaging in specific conduct relating to retail clients and CFDs. This included trading CFDs for retail clients and opening trading accounts for retail clients to trade these products.

The company has now extensively reviewed its retail investor questionnaire and onboarding controls, implementing necessary improvements to its processes and to achieve what it now considers to be industry best practices.

The interim stop orders have now been lifted and TMGM Australia can now onboard new retail CFD clients.

The company prioritizes customer service and client education when it comes to CFD trading and margined FX products. By continually improving its processes and providing comprehensive educational resources, TMGM enables its clients to make informed trading decisions.

As TMGM moves forward, the company remains committed to maintaining the highest standards of transparency, integrity and customer service. TMGM is well positioned to continue to grow as a trusted market leader.

For more information about TMGM Australia, please visit the company’s website at https://www.tmgm.com or contact [email protected].

Disclaimer

Trading CFDs carries high risks for your capital. Trademax Australia Limited (TMGM Australia) (AFSL 436416) is the issuer of the contracts for difference and margined foreign exchange products mentioned herein. A product information statement (PDS) for the Products and a copy of the relevant target market determination is available at https://www.tmgm.com/en-au. You should consider the PDS before deciding whether or not to trade our CFDs and foreign exchange products on margin. CFD investors do not own or have any rights to the underlying assets.

About TMGM Australia:

TMGM Australia is a leading provider of CFDs and margin trading services. The company’s industry-leading trading platform, comprehensive educational resources, and global presence make it a trusted partner for traders around the world.