TradeMax Rebrands to TMGM as It Boosts Global Expansion

Sydney-based contracts for differences (CFDs) brokerage TradeMax has rebranded itself to TMGM, an acronym for TradeMax Global Markets.

This came as the brokerage is expanding its global presence and is eying to operate in multiple international markets by 2020. According to the company, the new name will highlight it as a global brokerage rather than a regional player.

“The name doesn’t change what we do,” TMGM CEO, Lee Yu said in a statement. “The superior care we give to our clients won’t change with the expansion. It means now we can offer our platform even wider than before, with personalized customer experience from our account managers to our clients always being our first priority.”

Cementing Position in the Global Trading Market

Regulated by both the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), the brokerage offers CFDs trading across seven asset classes including Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, commodities, and equities. According to the broker, it is listing over 15,000 investment products.

Other than the rebranding, the brokerage is also focusing on strengthening its customer service. Thus, it has expanded its team by including global members to serve its international clients in many local languages.

TMGM chief marketing officer, Angelo D’Alessio is overseeing the broker’s global marketing strategy.

Finance Magnates exclusively reported on D’Alessio’s appointment with the broker last April as he made the switch from IC Markets.

“The rebrand is reflective of the core belief that in a vast and complex industry, they fully cater to each and every investor to drive lucrative investment opportunities,” the brokerage noted.