Trademax Australia Limited, operating under the TMGM brand, a well-known provider of contracts for difference (CFDs) and margin forex trading services, has recently made an important announcement. The Australian Securities and Investments Commission (ASIC) has decided to lift the interim stop orders that were previously placed on TMGM’s contracts for difference.
On June 13, 2024, ASIC had issued interim stop orders that prohibited Trademax Australia Limited from certain activities involving retail clients and CFDs. This included restrictions on retail client CFD trading and opening new trading accounts for retail clients interested in trading these products. However, after conducting a thorough review of its retail investor questionnaire and onboarding controls, TMGM has made necessary improvements to its processes to align with industry best practices.
As a result, the interim stop orders have been removed, allowing TMGM Australia to once again onboard new retail clients for CFDs. The company remains dedicated to providing top-notch client services and educating clients on trading CFDs and margin forex products. By continuously enhancing its processes and offering comprehensive educational resources, TMGM aims to empower clients to make informed trading decisions.
Moving forward, TMGM is committed to upholding the highest standards of transparency, integrity, and client service. With a focus on growth and maintaining its position as a trusted market leader, TMGM is well-prepared for the future.
For more information about TMGM Australia and its services, interested individuals can visit the company’s website at https://www.tmgm.com or reach out to support@tmgm.com.
It is important to note that CFD trading carries high risks to capital. Trademax Australia Limited (TMGM Australia) (AFSL 436416) is the issuer of the contracts for difference and margin FX products mentioned in this announcement. Potential traders should review the product disclosure statement (PDS) available at https://www.tmgm.com/en-au and consider it carefully before deciding to trade CFDs and margin FX products. It is crucial to understand that CFD investors do not own or hold any rights to underlying assets.
TMGM Australia stands out as a leading provider of CFDs and margin forex trading services, offering a sophisticated trading platform, extensive educational resources, and a global presence that makes it a reliable partner for traders around the world.