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TMGM Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?

TMGM stands out for its comprehensive variety of educational resources, yet it falls short of the best brokers in the most of areas. The MetaTrader 4 (MT4) platform is used by TMGM to trade a limited number of marketplaces. While it is primarily a MetaTrader broker, it also provides the more restricted IRESS platform albeit the platform-specific restrictions will limit who is able to utilize the platform. Get started with TMGM.

The commission rates on the Edge account are competitive in comparison to other accounts. If you are opening a spread-only or commission-based account, the minimum deposit is $100. The TMGM Academy is a great instructional facility that offers quizzes and interactive information, which I thought to be very useful for novices to learn about the game. In our yearly evaluation, TMGM was rated as one of the Best in Class for novices because of its offering. At this time, MetaTrader 5 (MT5) has not been made available at TMGM.

It is necessary to make a $5000 deposit in order to access the bulk of the available symbols on the IRESS trading platform, which is not suited for FX trading.



TMGM is regulated by the Australian Securities and Investment Commission (ASIC) and the Financial Markets Authority (FMA), both of which are tier-1 regulators (FMA).
Tweets by TMGMgroup
TMGM provides access to hundreds of forex pairs and CFDs across its brands that are regulated in Australia, New Zealand, and Vanuatu, all of which are available through its MetaTrader platform offering, which is available on all three of its brands. Select clients are given special access to the company's IRESS trading platform, which allows them to trade in stocks.

Trading in cryptocurrency CFDs against the U.S. Dollar is offered in 12 different cryptocurrency pairings, which include major digital assets such as bitcoin and ethereum as well as link, uniswap and other popular digital assets.

As part of its Edge account, TMGM provides cheap commission rates as well as minimal spreads and no requotes.

Account types: The fees of trading at TMGM will vary depending on whether you pick the spread-only Classic account or the commission-based Edge account, among other factors. My preferred trading account would be the Edge account, because it charges only a tiny commission of $3.50 per side ($7 per round trip), in addition to offering competitive prevailing spreads.

Those wanting interest-free accounts in Islamic finance must select the Edge account rather than the Classic account because swap-free accounts are not accessible with the Classic account.

Overview of the applications: In order to comply with MetaTrader's requirements, TMGM provides both iOS and Android versions of the MT4 app as standard. These apps are available for download in both the Apple App Store and Android Play store, respectively. Even though TMGM's primary mobile trading platform is the MetaTrader 4 (MT4) mobile app for forex trading, it also provides the IRESS mobile app, which comprises the company's whole line of CFD products. The MT4 app from TMGM was the subject of this evaluation. Overview of the platforms: The MT4 desktop platform is available directly from the developer for both the macOS and Windows operating systems, and it is also offered by TMGM as an installable file once you have opened a live or demo account with them. The IRESS platform is designed primarily for stock trading, and it is not suited for FX trading at this time.

Charting: MT4 is well-known for providing stable charts with a wide range of features. Moving windows and tabs around and zooming in/out are all simple tasks on MT4's interface. It also allows you to drag and drop indicators from the almost 50 indications included in the default list.

Instruments for trading: forex At TMGM, traders who use MT4 to execute algorithmic strategies and who wish to host their platform in a cloud environment that is available 24 hours a day, seven days a week without interruption can take use of Virtual Private Servers (VPS). If you are a new customer, the basic service is free if you deposit $3,000 or trade at least 7 standard lots per month; if you are a high-frequency trader, the service is free if you deposit $20,000 or trade at least 100 standard lots per month (HFT). Beyond the great range of third-party tools provided by Trading Central, TMGM falls behind the industry average in terms of research material, and it provides little to no market commentary beyond that provided by Trading Central. A strong foundation has been laid for the development of TMGM's blog; nevertheless, many of its posts (apart from the Technical Outlook series) lack the graphics, charts, and tables that are generally featured in market research updates offered by the finest brokers in this area.

Research overview: Trading Central (TC) is responsible for a large portion of the research content at TMGM, including the Market Buzz and Economic Insight tools, among others. In contrast to Market Buzz, which presents a sentiment-guided heatmap of instruments, Economic Insight is an economic calendar powered by the TC. Additional elements, such as pre-session outlooks and fundamental projections, may be found on TMGM's website's blog.

Market news and analysis: TMGM's blog offers daily market comments as well as technical and fundamental analysis of the stock market in general. The authorship and structure of articles are largely uniform across the board. The video content on TMGM's official YouTube channel is lacking in diversity, consisting primarily of promotional ads, with a few lessons and webinars thrown in here and there for good measure. By broadening the scope of articles and videos, TMGM's research offering might be elevated to a level more in line with the industry norm. TMGM has put together an outstanding educational course that includes detailed tests that are meant to evaluate your knowledge and understanding. Taking these quizzes is a true challenge - I've discovered that in order to pass them, you either need to have thoroughly studied the topic or to be an expert on the subject matter in question. If you want to obtain a better knowledge of the theoretical side of FX and CFD trading, this is a wonderful resource. Learning center: The TMGM Academy is divided into three sections, each of which is divided into three levels of experience: beginning, intermediate, and advanced. It helps you to keep track of your progress while also giving you the flexibility to skip between chapters as needed. Each chapter concludes with an interactive quiz consisting of multiple-choice questions that is unique to that chapter.

There is room for improvement in the following areas: Greater diversity in written articles and video tutorials may only enhance TMGM's educational offerings in the future. The TMGM offering is a mixed bag. The IRESS platform, which is not geared for FX trading, has the widest number of markets available to it. On the other hand, its MT4 service is limited to only 79 CFDs and 62 FX pairs and MT5 is not currently accessible for use. While there is still space for improvement in the company's educational offerings, the TMGM Academy, which contains interactive quizzes that evaluate your knowledge, is a particular standout feature.

In terms of overall functionality, while, TMGM has several excellent features, but still falls short of the best MetaTrader brokers in a number of important categories.

Trademax Worldwide Markets, sometimes known as TMGM, is an Australian-based global forex broker that was established in 2013. Each of the company's divisions is governed by a different regulatory body, including the Australian Securities and Investment Commission (ASIC), the New Zealand Financial Markets Authority (FMA), and the Vanuatu Financial Services Commission (VFSC).

TMGM charges a cheap rate for foreign exchange. When it comes to creating a new account, the process is quick and uncomplicated, while deposits and withdrawals are both free and user-friendly.

On the negative side, TMGM offers a restricted product offering that consists solely of CFDs and FX trading instruments. The research tools are rudimentary, and the demo account is the only instructional resource available. Finally, they charge a fee for inactivity on their website.

A forex broker with its headquarters in Australia, TMGM - formally known as Trademax Global Markets - is a provider of high leverage trading in popular currency pairs and CFDs on commodities, stock indexes, and a very broad selection tens of thousands of individual stocks.

Aside from its headquarters in Sydney, Australia, TMGM also has offices in Melbourne, Adelaide, and Canberra throughout the country, as well as international operations in Taiwan and Vanuatu. TMGM is a subsidiary of the TM Group. For domestic clients, the broker is licensed by the Australian Securities and Investments Commission (ASIC), but most foreign clients will trade through the broker's offshore branch, which is regulated by the Vanuatu Financial Services Commission (VFSC).

TMGM customers have access to a variety of trading platforms, including MetaTrader 4 and 5, as well as the web-based IRESS platform. In addition, while both MetaTrader platforms are already well-known among forex traders, IRESS, which is geared more at stock dealers, is arguably less well-known in the forex trading world. But there are numerous advantages to using the platform, the most significant of which being the ability to integrate with the popular TradingView charts and all of the technical analysis tools that go along with it.

In order to commence the sign-up process, all new TMGM clients will be prompted to select whether they wish to trade using the commission-based Edge account or the commission-free Classic account before proceeding further. As is often the case, big volume traders will benefit from trading with an account that charges fees and has tight spreads, whilst smaller traders would benefit from trading with a commission-free account that offers broader spreads.

Overall, TMGM's spreads and fees are competitive, with commissions of USD 7 per round-turn on the Edge account and spreads as low as 1 pip on the commission-free Classic account, respectively.

Once a trader has registered, he or she may fund their new account using a choice of different payment options. Payments may be made using major credit and debit cards such as Visa or MasterCard, along with electronic payment systems such as Skrill, Neteller, FasaPay, and SticPay. Clients from Australia may fund their trading accounts using the local payment provider POLi, while clients from China can fund their trading accounts using the AliPay payment service.

The broker handles both deposits and withdrawals at no cost, however it's important to note that a USD 100 minimum deposit and withdrawal are required for each activity, respectively. Furthermore, deposits and withdrawals may be performed in any of the five currencies available: USD, EUR, GBP, AUD, or NZD, to name a few examples.

Customers of TMGM will be able to reach out to the broker by email, phone, or live chat if they have any customer care issues. The fact that TMGM is one of the brokers who provides service 24 hours a day, seven days a week is another something we like.

Overall, TMGM provides a fantastic assortment of stocks in particular, all of which are available for trading on the IRESS trading platform. With integrated TradingView charts, this is a popular and contemporary platform that was specifically developed for stock traders. We feel it may be a wonderful solution for people who rely on chart analysis to make their trading decisions. Beyond equities, the variety of instruments offered by TMGM is fairly restricted. For example, just a few commodities and no cryptocurrency are available for trading on the platform, among other things. This is one of the negative aspects of TMGM that we have seen, and it indicates that this broker may not be the greatest choice for traders who are interested in markets other than the stock market.

This TMGM review will go through the basics of how the broker operates. Individuals and businesses engage in business with them. They provide enthralling platforms. Always use caution and thorough care, though.

TMGM claims that they will assist you in your global trading endeavors. The specific way they assist you in accomplishing this will be revealed to you, and it will include offering access to all of the most fascinating marketplaces at any time of day or night.

Many individuals are interested in learning how to trade on the foreign exchange market, but they want to be certain that they are selecting the best broker for their needs. With the help of a reputable Forex broker, you may effortlessly trade currency pairs and other products.

TradeMax Global Markets (TMGM) is an acronym for TradeMax Global Markets. Their headquarters are in Australia, yet they operate on a worldwide scale. They first opened their doors for business in 2015. Because of their efforts, traders from all over the world may enter the Forex market.

Every Forex broker has its own set of advantages and disadvantages. TMGM is no exception, and while their general performance is good, there are a number of areas in which they do really well. Included in this are their account options and terms, as well as their research capabilities and the ways that they give for financing and withdrawing funds from your account.

Many of the instruments that traders like are available at TMGM. They might, however, broaden the scope of this in some instances. The spreads on their products are lower than those of some of their competitors. As a result, for day traders, this will not be a disadvantage. All of these considerations will be discussed in greater depth later in this text.

TMGM makes use of MetaTrader. MetaTrader is popular among forex traders because of the technical indications it provides. Lots of traders rely on the charts in MetaTrader to aid them with a variety of trading techniques, and they are indispensable. They may be simply tailored to meet the needs of your trading strategy.

Backtesting is made easier using MetaTrader. If you enjoy working with EA Studio and MetaTrader, this broker will be a good fit for your needs and objectives.

Backtesting your strategies on TMGM with MetaTrader Clients is also an option. MetaTrader Clients also appreciate the third-party tools that are accessible at TMGM. These are quite effective and provide them with a competitive advantage, whether they are day traders or long-term investors. Traders can gain access to these tools through a variety of subscription options that are offered to them. TMGM reviews will tell you all you need to know about them.

Trading Central is one of the tools available to clients to assist them with their trading analysis. This provides trading suggestions. It also includes market research and analysis. Trading Central is a registered member of three organizations that supply traders with dependable market research and information. These include the Asia IRP and the Euro IRP, among others.

MetaTrader is not the only trading platform offered on TMGM; there are a number of others as well. You may also use IRESS to your advantage. This is a trading platform of the highest quality for institutional traders, and experienced traders may take use of it. The IRESS is a dynamic system that feeds market data across several exchanges in real time. It also provides you with access to data from a variety of marketplaces.

Are they governed by any laws? Forex traders want to be confident that they can put their faith in the broker that they choose to deal with. Brokers who are regulated have processes in place to safeguard their clients. They're not going to vanish with your money in the middle of the night, believe it or not.

Because TMGM is completely regulated, you may have complete confidence in the money you deposit into your TMGM account. The following are the top-tier organizations that monitor their procedures:

It is governed by the Australian Securities and Investment Commission.
The Vanuatu Financial Services Commission regulates the financial services industry in Vanuatu.
The Financial Markets Authority (FMA) is a regulatory body that oversees the financial markets.

All of these regulators collaborate on a daily basis. TMGM ensures a safe trading environment for all traders by adhering to the criteria that they have established. In a crowded workplace or in the privacy of your own living room, you may buy and sell currency pairs with confidence, knowing that your money is secured by the same industry standards as everyone else.

TMGM offers a diverse selection of instruments. In fact, this is one area in which they are a market leader in the industry. They outperform the vast majority of their competitors, including those who have been in business for far longer than they have. In the Forex market, you have a wide range of options for trading.

On TMGM, traders may pick from more than 12,000 different instruments. Even better, you may use leverage of up to 1:500 to increase your profits on these investments. However, keep in mind that, in the same manner that you might profit from employing leverage, you can also lose money doing so.

TMGM charges costs that are competitive in the industry. In part, this is owing to the fact that they are a broker for the Electronic Communication Network (ECN). They are not in possession of their own dealing desk.

Instead, TMGM works in collaboration with other brokers. Those brokers function in the capacity of market makers. TMGM offers narrower spreads than brokers that operate as market makers, according to the company. They do, however, charge a commission.

Clients of TMGM can try out their services with a demo account. When it comes to establishing a demo account, the process is quite similar to when it comes to opening a normal account that is financed with real money. You will not, however, be required to submit a deposit.

When you first visit the site, you'll be prompted to create a demo account, after which you'll be asked to provide the appropriate identity details. This procedure is required before you can begin trading with your demo account. To begin, you must complete the Know Your Customer process. In order to finalize this transaction, a representative from the broker will call you.

You may get a feel for everything their platform has to offer by spending some time in this virtual world. When developing a new strategy, after backtesting it, you may try it out in demo mode first to see how it performs in real-world situations. You won't have to worry about putting your money at risk.

It is possible to use the demo account to access the same services and features that are available on the genuine account. The demo account may be accessed using the standard trading platform of the broker. If you need to utilize it while on the go, you may do so using the mobile application.

You will not be charged any commissions on transactions executed in the demo account. You have the ability to place orders. Requesting more virtual money will also raise the quantity of virtual currency that is made accessible to you. Demo versions of TMGM's market analysis software are available.

Traders may have access to the most advanced MetaTrader 4 and MetaTrader 5 capabilities available anywhere in the globe. You have the option of customizing the standard platform. This functionality is also accessible in the demo version of the program. When you're in the demo mood, you may also record videos and snap time-lapse photographs.

TMGM offers a plethora of advantages to investors and other traders. Unfortunately, they also have a few different ways of doing business that may not be suitable for all types of traders, which is unfortunate.

In the case of two-step authentication, they do not provide it. The fact is that some traders aren't great supporters of two-factor authentication for a variety of reasons. However, if this is something that you would want to have, you should keep in mind that it is not currently accessible at this particular brokerage.

TMGM is intended for fund managers and other individuals who trade on a regular basis. For each month that you are not active on the site, they charge you an inactivity fee of $25.00 USD every month. This equates to $30 per month in savings. For those who are passive traders who like to buy and keep instruments rather than trade often, this is not the greatest form of cost structure for them.

TMGM does not provide any protection against negative balances. This makes it extremely dangerous for those who are new to the Forex market. Experienced traders understand that they should constantly establish limitations on their losses in order to avoid losing too much money on a deal.

Inexperienced traders, on the other hand, are more likely to lose a significant amount of money if a deal does not go their way. Brokers who provide negative balance protection will prevent you from losing more money than you now have in your account balance.. However, because TMGM does not offer negative balance protection, you may find yourself in the position of owing them money if a deal does not go as planned.

At TMGM, there are two primary account kinds from which to choose. You have the option of choosing an account that simply charges you the spread, or you can choose an account that charges you the spread plus a commission. In less than 10 minutes, you may have either of these accounts set up.

A Classic account is a type of account that solely employs spreads to make money. The second type of account is referred to as an Edge account. Moreover, the spreads are modest, with some brokers offering spreads as low as 0 pip. You will, however, be required to pay a commission.

Both deposit and withdrawal procedures are the same as they are for one another. The required minimum account balance is the same for both accounts. To put it another way, you'll need at least $100 to open any of these checking or savings accounts.

The maximum amount of leverage available for both accounts is the same. Consequently, whether you create a Classic or an Edge account, you may expect to gain from leverage of one to five hundred percent (l:500). Both accounts provide you access to the MetaTrader trading platform. It follows that MetaTrader 4 and 5 may both be used on either platform. No matter whatever platform you pick, you'll always be able to carry out your strategies successfully.

It was previously mentioned in our TMGM broker review that they have a minimum account balance. They propose that you load your account with $500, although the real minimum required is far lower than this amount of money. It is not necessary to pay any fees when making deposits into your brokerage account with this broker.

The TMGM account minimum for both types of TMGM accounts is $100 per account. You may fill your account with US dollars, New Zealand dollars, Euros, British pounds, and Australian dollars. When it comes to funding your brokerage account at TMGM, you have a few options. Clients have shown a preference for transferring the financing amount from their ordinary bank accounts to their brokerage accounts.

But there are other sources of money available to TMGM. It is possible to fund your brokerage account by using the debit card that is associated with your bank account. This can also be accomplished with the use of a credit card. In order to avoid fraud, be sure that the credit or debit card you're using is connected to the Visa or Mastercard networks.

You can also make your deposit through the use of an electronic wallet. When it comes to financing your account, this is one of the most expedient possibilities. Credit and debit cards are also a convenient option to make a purchase, and your account will be credited within hours of making the purchase. If, on the other hand, you make use of wire transfers, you may anticipate to see the funds in your brokerage account within three to five days.

Some consumers have complained that the procedure of filling their accounts at TMGM is a little more time-consuming than the process at other brokerage firms. Likewise, it is preferable if you attempt to stick with one of the major base currencies that they employ, such as the Australian dollar or the US dollar. Using your local currency to fund your account is permitted, but it will be converted into one of the base currencies by the bank.

It's possible that currency conversion will not work out for you. These transactions are carried out at the exchange rate that they pick. It is possible that you will lose money in the deal.

Earlier in this TMGM review, you learnt that the IRESS platform is available through TMGM. Many stock dealers who wish to expand their operations into overseas marketplaces confront several obstacles. An IRESS account eliminates such obstacles, allowing you to freely trade on stock markets in a number of different countries.

In the event that you merely want to trade on the Forex market, you do not actually require IRESS. However, if you are interested in trading equities on stock exchanges outside of the United States, this is a useful tool to have access to as a starting point.

Shares can be traded in Hong Kong, Singapore, and the United Kingdom, among other places. Of course, you have access to all of the equities listed on the NYSE and the NASDAQ. The Australian stock exchange can also be accessed using the IRESS system.

DMA trading is available through IRESS, allowing you to benefit from greater market depth. IRESS is intended for stock traders who are professionals in their field. As a result, the minimum deposit necessary for this account is significantly more than the deposit required for a conventional TMGM account that provides access to MetaTrader. To start an IRESS account with TMGM, you must first make a deposit of at least $5,000 into the account.

The finest forex brokers in the world claim to be the greatest in their respective fields, but how does TMGM measure up to the competition? TMGM is examined in this review to see what distinguishes it from the competition.

To begin, it is helpful to ask the question, "What is TMGM?" Trademax Global Markets, sometimes known as TMGM, is an Australian-based forex broker. They cater to both beginner and seasoned forex traders, and their loyalty program recognizes and rewards each user for the time they spend trading, regardless of how much money they make. In spite of the fact that they don't have quite the number of new member offers that our Plus500 review highlighted. If you elect to become a member, you will receive 10 points for each lot of trading that you complete. The higher your level of status, the greater the number of points you receive.

Following the completion of your first round of earning and collecting points, you will have the opportunity to trade them in for things in the TMGM shop, such as the latest iPhones, Macbooks and Airpods, as well as the possibility to claim cashback.

In addition, if we were a new customer, our TMGM review looked into the broker's qualifications. You have access to a demo account, which allows you to practice trading the financial markets without risking any real money in the process. It will assist you in honing your abilities and learning new forex trading tactics.

The TMGM interface is extremely user-friendly. Their user-friendly interface makes it a fantastic alternative for both beginner traders and more experienced traders alike, regardless of their level of experience. In our TMGM review, we discovered that it offers a straightforward interface and layout design that has proven to be popular with clients.

The Hubx, the trading calendar, and the TMGM school are all included in the platform's functionality. We go into further depth about this below.

Hubx: This custom-built platform was developed to assist fund managers in dealing with their clients. In the financial markets, it's a sophisticated portfolio modification technique that allows fund managers and customers to collaborate and have greater control over their assets.

Trading Calendar: The TMGM platform provides its customers with access to an economic calendar that is updated in real time. When we conducted our TMGM review, we discovered that this broker understands how critical it is for its clients to stay up to date on economic and financial market news when trading. Using a calendar, they may keep track of financial activities in 38 nations by the day, the week, the month, or by specifying a specific period.

The TMGM academy is an excellent resource for trading beginners who want to expand their expertise before embarking on their forex trading journey. There are three levels of difficulty: the Beginner, Intermediate, and Advanced levels. It is recommended that you start at the Beginner level and work your way up, otherwise you run the risk of making mistakes while trading with real money.

In this TMGM review, we discovered the many account kinds that the company provides to its consumers. These accounts included the Classic account, the Edge account, and the demo accounts, all of which are described in further detail below the fold.

Customer's can trade with a maximum leverage of 1:500 on the Classic account, which provides variable spreads. The bare minimum deposit is one hundred dollars in your base currency. You have the option of selecting from the following currencies: USD, EUR, GBP, AUD, NZD, or CAD. There are no commissions charged on trades, and you may trade in a variety of financial marketplaces, including the stock market.

The Edge account is identical to the Classic account in that it requires a minimum deposit of $100 and has a maximum leverage of 1:500, much like the Classic account. They do, however, offer commission rates of $3.5 and spreads starting at 0.0 pips. Both the traditional and the edge employ the MT4 (MetaTrader 4) or MT5 (MetaTrader 5) platforms to execute transactions on the web, on mobile devices, or through the application.

We discovered in our TMGM review that the demo account is available for both the main trading accounts and the secondary trading accounts. In addition to allowing you to practice your trading abilities for free, it also assists you in making judgments prior to investing your money in your chosen financial market.

When creating a bank account, there are four essential stages to take into consideration, which are as follows:

Filling out some basic information about yourself, such as your name, email address, country of residence, and cell phone number, can help us better serve you.
After that, you'll be prompted to provide some further information, such as your date of birth and mailing address.

You have the option of selecting the account type you desire as well as the currency in which you will be trading. Except for the United States, TMGM is accessible in every country except the United States. However, you can continue to use the United States dollar as your foundation currency.

In order to ensure that you are who you claim to be, the final step is to verify your identity with another party. You must submit a copy of your identification, such as a passport, as well as a bank statement or utility bill to prove your residency.

In order to prevent falling victim to TMGM frauds, the broker relies on trustworthy and well-trusted MetaTrader trading platforms. As we said in our FP Markets review, MT4 and MT5 are good trading platforms that are utilized by many trustworthy brokers. The sole disadvantage of MT4 is that it does not support two-factor authentication. It provides a significantly higher level of safety for the user. Additionally, the design is out of date; nevertheless, MT5 is a new and better version that addresses these issues.

This TMGM review revealed that they employed MT4 as their trading platform, which has years of experience as a highly sought-after trading platform. The platform's usability and design are simple to navigate through and understand. It enables the user to customize the size and position of tabs that are used to assist with the execution of transactions. MT4 is offered in a number of different languages in order to appeal to traders from all around the globe. It also includes a number of tools and features that are intended to assist the user. Asset charts, transparent portfolios, and fee reports are examples of this type of information.

TMGM also makes use of IRESS, which is a platform designed for large organizations. Customers may trade on several portfolios with the use of comprehensive charting tools, access to more than 50 indicators, and real-time price streaming, among other features. Aside from that, you have access to a unique modular structure that allows you to personalize your digital workplace by selecting the information that is most essential to you.

Settlement of Trading Transactions - Instant deposits and quick withdrawals: If you're still not convinced about the TMGM experience and rating, we recommend that you investigate the advantages of this platform instead. They have speedy deposit and withdrawal processing times, which I like.

Furthermore, there are no transaction fees to worry about. So regardless of the amount you deposit, a minimum of $100 in your selected base currency will be sufficient to enable your account to immediately recognize the money and be ready to trade. Furthermore, whether you are withdrawing little or big sums, your withdrawal will be handled within one business day by bank transfer. Quite speedy in comparison to the rest of the industry.

A range of payment options are available at TMGM, according to our TMGM review, including quick deposits by debit or credit cards, Neteller, Skrill, and Union Pay. If you want to deposit through bank transfer, please allow up to three business days for the transaction to be completed.

Our TMGM evaluates the fees charged by this broker and compares them to the industry standard. As a consequence, we discovered that the bulk of their costs were rather reasonable when compared to sites such as those mentioned in our Eightcap review. As a result, we've highlighted a handful of them below.

If you wish to trade more than one asset or financial market at the same time, the trading costs at TMGM are rather minimal, which is excellent news for you. In addition, it is ideal for short-term traders who are content to make a number of modest trades during the day rather than maintaining a position for a longer period of time.

On TMGM, forex costs are also kept to a minimum. This is particularly advantageous because the MT4 platform has been expressly created for FX trading. It provides traders of all skill levels with a variety of tools and recommendations.

The varied non-trading costs were the subject of our TMGM assessment. They demonstrated that there were no costs associated with withdrawals or deposits. Aside from that, TMGM does not charge account fees, which means that after you've opened an account with them, you won't have to worry about any hidden expenses.

A $30 inactivity fee will be imposed if you have not logged into your account for more than six months. Additionally, if your account balance falls below $500, you will be charged this fee. According to comparisons with other brokers, TMGM's inactivity cost is fairly forgiving, as most platforms only offer their customers three months before enforcing this fee. In addition, some brokers may incur overnight costs, as we discussed in our eToro review, but thankfully, TMGM does not charge such fees.

As a result of our TMGM research, we discovered that this broker offers a comprehensive selection of customer care methods, including phone, email, and live chat. However, assistance is only available 24 hours a day, five days a week, which is identical to what we noted in our Interactive Brokers review. As opposed to providing a service that is available around the clock.

The TMGM offices are located in Australia, and based on our investigation for this TMGM review, we were only able to locate a phone number with that area code to contact them. As a business owner or trader in Australia, this is an excellent option because the phone services offer a quick response time and provide detailed and knowledgeable answers to your inquiries.

Emailing the customer support staff is another option, and will result in a thorough response from the team members. Unlike live chat or phone conversations, this means of communication will not provide a response immediately; nevertheless, you will receive a response within a day or two, so keep that in mind.

We discovered that the live chat had the fastest response time, albeit you must have an account set up in order for them to have access to your information. The live chat feature may be found on the official TMGM website. There are a variety of alternative messaging programs available, including WhatsApp, Viber, Telegram, and Facebook Messenger, among others.

You may be asking if TMGM is a reputable company, and we hope that our TMGM review can assist you in answering that question. TMGM was established in Australia in 2013, and today clients from all around the world may use this broker's services to trade forex.

Negative balance protection is permitted under their regulations, which means that if your account goes into the negative, your cash will be safeguarded. In addition, you have access to a variety of worldwide financial marketplaces. TMGM, on the other hand, is not listed on a stock market and does not provide investor protection under the jurisdiction of its authorities.

The following are the top-tier licenses and regulators that TMGM possesses:

Trademax Australia Limited is a company that has been approved by ASIC (Australian Securities and Investments Commission) to provide financial services to Australian clients.

Trademax Global Markets (NZ) Limited is a New Zealand company that has been approved by the FMA (Financial Markets Authority) to provide services to New Zealand clients.

Trademax Global Limited is a company authorized by the VFSC (Vanuatu Financial Services Commission) to conduct business in every other country.

TMGM has a plethora of other features to offer.
As the years have passed since its inception in 2013, TMGM has continued to expand and strengthen its business operations. A variety of financial markets, including forex, stocks, precious metals, indexes, and cryptocurrencies, are available for traders to pick from.

When it comes to picking a broker to trade with, the business is now quite competitive. As a result, you may wonder whether TMGM is safe and whether it should be your first pick. In addition to having high-level regulators, it also provides its consumers with rapid execution trading, narrow spreads for FX trading, and no transaction fees, among other advantages.

According to our TMGM review, this broker offers to store your cash in the most reputable institutions in order to ensure that you are adequately secured. They also hire an external auditor to guarantee that their regulatory duties are being met on a consistent basis.

In this TMGM review, we discovered that the broker takes pleasure in offering a lightning-fast CFD trading interface. You may open an account that will offer you access to over 12,000 goods across seven asset classes, according to the company.

On TMGM accounts, there are no account fees to pay. There is a $100 minimum deposit requirement, however you will be able to access a variety of financial markets that are available around the world.

You may trade CFDs on a variety of financial markets using both the Edge account and the Classic account, including FX, cryptocurrencies, futures, and indices, among others.

Overall, we believe that selecting this broker to conduct CFD trading on your selected asset is a wise decision. With over 12,000 goods to pick from, you have a fantastic chance to diversify your portfolio while also learning about other financial markets in the process.

In this TMGM review, we discovered that the broker takes pleasure in offering a lightning-fast CFD trading interface. You may open an account that will offer you access to over 12,000 goods across seven asset classes, according to the company.

On TMGM accounts, there are no account fees to pay. There is a $100 minimum deposit requirement, however you will be able to access a variety of financial markets that are available around the world.

You may trade CFDs on a variety of financial markets using both the Edge account and the Classic account, including FX, cryptocurrencies, futures, and indices, among others.

Overall, we believe that selecting this broker to conduct CFD trading on your selected asset is a wise decision. With over 12,000 goods to pick from, you have a fantastic chance to diversify your portfolio while also learning about other financial markets in the process.

In our TMGM review, we observed that you may gain access to some of the most popular and volatile cryptocurrencies. They provide extremely narrow spreads that are quite competitive when compared to other crypto industry favorites.

It is possible to trade bitcoin CFDs with leverage up to 1:3 on the trading platform. The spreads at TMGM are transparent, so there is nothing to conceal while trading with them. They also provide tight spreads and no hidden transaction costs.

Cryptocurrency CFD trading is available to anyone across the world at any time of day or night. The ability to trade on your MT4 platform helps you to become familiar with the way CFD trading operates on that platform.

Summary of the Product: Overall, we believe that trading bitcoin CFDs on TMGM is an excellent decision because you can trade seven days a week. The most popular and most sought-after cryptocurrencies are included despite the fact that there aren't many to pick from. This includes the BTC/USD, ETH/USD, and XRP/USD exchange rates.

TMGM offers a variety of licenses and laws that allow users to do international business. Our TMGM study revealed that the broker takes precautions to confirm that the consumer who is registering an account is who they claim to be during the account creation procedure. It is critical to thoroughly study any possible broker with whom you intend to deal. Check out our website for our platform reviews as well as further information on what makes a platform trustworthy.

Popular forex brokers are constantly trying to be the best option for their clients. As a result, having the choice of trading from a variety of various nations might assist a potential consumer in making that selection. This section of our TMGM review examines which countries are permitted to trade with this specific broker and which countries are not. For further information, please see our website.


When writing our TMGM review, we took note of the wide range of financial markets that were available for users to invest in. TMGM is a forex broker that offers a wide range of financial products to traders of all skill levels. Check visit our website to see if there is a TMGM cryptocurrency available.

All things considered, we believe that TMGM is a great example of a forex broker that provides high-quality service to its clients. It is available around the world, with the exception of the United States, and it offers a variety of base currencies to pick from. This broker's attentive customer service team, as well as its top-tier rules and licenses, demonstrated their dependability in our TMGM review.

It's important to know that there are no transaction fees at TMGM Casino. And it guarantees its customers that their deposits will be processed immediately, allowing them to begin trading immediately. We strongly advise you to give TMGM a try and register an account with them.

Since 2013, TMGM has been a well-established broker. The headquarters of TMGM are located in Australia and New Zealand. These clientele are often suitable for TMGM's Forex/CFD trading services, which they give to customers all around the world.

The ASIC 436416, FSP (New Zealand) 569807, and Vanuatu Financial Services Commission 40356 are all regulatory bodies that have approved this broker.

Trademax Worldwide Markets, sometimes known as TMGM, is an Australian-based global forex broker that was established in 2013.

Following that, TMGM proceeded to gradually increase in size, eventually becoming one of the major online trading platforms in the Australasia and Asia-Pacific regions. Despite having its origins in Australia, TMGM is now poised to develop globally, with a presence in more than 200 countries across the world.

Despite the fact that Australia is not the industry leader when it comes to trading, online brokers such as TMGM are working hard to shift that perception.

Unfortunately, TMGM only offers a restricted range of products, which consists solely of CFDs and forex. Finally, there is no protection against a negative balance.

In addition to the forex demo account, this broker provides Edge and Classic accounts. In order to operate your trading account properly, you must also take into consideration leverage and the minimum deposit. When it comes to leverage in general, TMGM offers up to 1:500 leverage at the highest level possible. In the meanwhile, you may create a bank account with a $100 initial deposit to get started.

TMGM offers just two types of trading accounts at this time:

Classic Account: A $100 minimum deposit and a minimum trade volume of 0.01 lots are required for a classic account. Fixed spreads are available on this sort of contract. Account features include the use of Expert Advisors, hedging, and scalping, in addition to sophisticated trading tools such as pending orders, trailing stop loss, one-click order, mobile trading, and automated trading.

Edge: The minimum deposit required is $100, with a minimum purchase quantity being 0.01 lots (units). Some of the key features of an Edge account include the ability to scalp and hedge, the use of Expert Advisors, trailing stop orders, pending orders, one-click trading, mobile trading, and fully automated trading.

Fees at TMGM are well-known for being inexpensive when compared to other brokers who charge relatively minimal forex and CFD trading commissions. TMGM provides 0 pip spreads on popular currency pairings such as the USD/JPY, GBP/USD, and AUD/USD, among others. Non-trading fees are also kept to a bare minimum because the broker does not charge any fees for withdrawals. However, if your account balance falls below $500 or if it has been dormant for more than six months, you will be charged a $30 per month inactivity fee.

Aside from a large number of currency pairs, TMGM also provides a variety of instruments for you to trade on, including forex, gold and silver, stocks, indexes, and cryptocurrencies, depending on your preferences. Keep in mind that the trading conditions for different instruments will differ from one another. In this situation, you must make certain that your technique is well-suited to the instrument you have chosen for trading.

TMGM does not charge any fees for deposits or withdrawals. Clients can finance their TMGM accounts using AUD, USD, EUR, GBP, or NZD, according on their preference.

Clients, on the other hand, can only make deposits into accounts that have the same name. If you withdraw money from a bank account outside of Australia, you will be charged a $20-30 bank processing fee. The transmission of funds by bank transfer might take several business days, but credit/debit card payments can be completed instantly.

To withdraw funds from your account, you can use the same methods that you used to deposit cash, such as bank transfers, credit/debit cards, and electronic wallets. If you want to withdraw money from TMGM with a credit card, it will take one working day.

In addition to bank transfers, the following methods are available for financing your account:

Wire transfer: Wire transfer is the most often utilized way of payment on the internet. Almost all brokers throughout the world provide this strategy as part of their service offerings. The reason for this is that wire transfer is essentially a standard transfer between banks all over the world. As a result, the safety of this procedure is ensured. This is extremely beneficial for traders who choose not to accept third-party payments or who do not accept credit cards.

Skrill: Skrill is a payment service provider that is available to almost all forex brokers as an online payment option. The primary reasons for traders to choose this approach are the speed, simplicity, and security of the transactions. Traders may fund their trading accounts with Skrill using a variety of methods, including credit cards, bank wire transfers, and funds straight from their Skrill e-wallet accounts.

Neteller: Neteller, like PayPal, is one of the most widely used online payment systems available today. Because of its widespread use, practically all forex brokers now allow Neteller as a payment mechanism for both money deposits and withdrawals from their clients' accounts. Despite the fact that the Neteller system is available practically everywhere in the globe, it continues to be very popular in Europe.

FasaPay: Also known as an e-payment for retail forex traders, FasaPay is distinguished by the fact that it does not impose a significant transaction cost, providing it a competitive advantage over other e-payments in the forex brokerage market. One of its advantages is that it is a completely instantaneous procedure.

TMG accepts payments by AliPay, UnionPay, Tether (USDT), and credit/debit cards, among other methods.

A trading platform is a technology that allows you to purchase or sell an instrument with a few clicks on your smartphone, from any location and at any time. The chart is also frequently equipped with additional analytical tools that allow you to better understand the price movement and, as a result, boost your profitability by placing well-thought-out transactions.

As a result, TMGM provides you both MetaTrader 4 and MetaTrader 5.

MetaTrader 4 (MT4): MetaTrader 4 is a trading platform that offers the greatest design and functionality. It is also accessible in a variety of languages. The MetaTrader 4 TMGM desktop platform is very identical to the MetaTrader 4 web trading interface, with the exception that you may configure price alerts in TMGM.

Trading with MetaTrader5 (MT5): MetaTrader5 (MT5) is the successor to the MetaTrader4 platform, and it includes several advanced features such as additional chart time frames and order types, a multi-currency strategy tester, a greater variety of trading tools, and depth of market (DOM) pricing. Trading with MetaTrader5 (MT5) is simple and straightforward.

TMGM provides a multitude of extra trading capabilities, including the following:

You'll get access to TMGM Insights, where professionals examine hundreds of stocks to develop a portfolio into which you may invest your money. Over 40 selected portfolios are accessible, covering a wide range of sectors from Solar Power to Smart Automobiles.

In addition to that, the IRESS platform is pre-installed. Because IRESS allows you to trade on stock markets in the following countries: the United States, Australia, the United Kingdom, Hong Kong, China, and Singapore, it is a better alternative than MetaTrader 4 if you want to trade stocks.

A unique Risk and Valuation Score is assigned to each trading instrument by TMGM and is available to all TMGM traders. This is a useful tool for determining the investment risk associated with a trading instrument rapidly.

Free VPS (Virtual Private Server) hosting enables traders to run their trading platforms and expert advisers on a virtual private server around the clock.

If you decide to become a money manager, you will be able to take use of the MAMM service. Clients may readily monitor and manage their holdings, as well as change their risk allocations, through the use of online tools.

There is no limit to what the specialized account managers may do to assist customers, and clients can contact with them in their chosen manner: face to face, over the phone, over emails, or through any other messaging tool.

Trading accounts may be tailored to match the needs of individual traders through the use of the VIP Desk. Whether it is particular pairings running through separate liquidity providers of your choosing, or a combination of both, the VIP Desk will help you find a solution.

Among the research and educational materials available at TMGM are:

For intermediate to expert traders who want to take their trading talents to the next level, there are lectures and webinars for them, as well as individual 1v1 VIP sessions for newcomers.

The TMGM website has a fairly comprehensive library of articles and lectures available for those who are just getting started with online trading. The library covers all of the core topics, such as fundamental analysis, technical analysis, the different types of financial instruments and trading products, and overviews of fundamental trading strategies.

From its social media platforms on Facebook and LinkedIn, the broker also provides some trader research in the form of technical analysis articles and videos for its clients.

Trading Central, a third-party research source, facilitates the exchange of trading ideas. The concepts are based only on technical analysis and apply to a variety of currency pairings.

Fundamental data is provided by way of an economic calendar. For forex traders, this is a handy tool since it allows them to select by nations and data relevance.

When it comes to automatic trading, you may put your technique to the test with the help of an excellent research tool. Strategizer is the name of the program, and you can access it by selecting View > Strategy Tester from the drop-down menu.
There is the TMGM Academy, which offers several levels of forex education and training materials, not only to TMGM clients, but also to those who are interested in learning more about forex trading in general. Depending on your degree of experience, you may choose from a variety of trading courses at the school, including beginning, intermediate, and advanced.

TMGM hosts a global trading competition in which users may compete for cash prizes, with a total pool reward of $148,500 going to the top 16 most successful traders worldwide. However, before accepting any bonus offers, make sure to understand the terms and conditions of the incentive.

TMGM offers excellent email and live chat service, albeit it is only available 24 hours a day, five days a week. It was difficult to get through to customer service on the phone. However, TMGM offers a wonderful live chat tool, which allows you to receive rapid and informative solutions to your questions.

TMGM chat is available in more than ten different languages, including English, Chinese, Vietnamese, Portuguese, Spanish, Thai, Arabic, French, Indonesian, Italian, and Filipino. English, Chinese, Vietnamese, Portuguese, Spanish, Thai, Arabic, French, Indonesian, Italian, and Filipino are also supported. Given that it is not available every day, if you are experiencing difficulties over the weekend, you will have to wait until Monday.

Trademax Global Markets, which owns and operates the firm, has its offices in Australia and New Zealand. The company was created in 2013 and is owned and controlled by Trademax Global Markets. Despite the fact that Australia is not the primary focus of the trading sector, the online broker is well-known on the continent because to the large leverage, cheap fees, and narrow spreads that it provides. The company presently operates in over 150 countries and has a daily trading volume of $195 billion, ranking it among the top 10 forex brokers in the world by trading volume.

As a financial services provider located in Australia, TMGM is additionally regulated by the Australian Securities and Investments Commission (ASIC) under license number 436416, the Financial Services Commission of New Zealand (FSP) under license number 569807, and the Vanuatu Financial Services Commission (40356).

Over the years, TMGM has grown its asset base to include a variety of new investments. In terms of giving its clients a diverse selection of trading products, the trading brokerage does not fall short. Clients may now trade 50 currency pairings, 15 or more worldwide indexes, 12,000 or more global stocks, three metals, two energies, and cryptocurrency, among other things.

Edge and Classic trading accounts are the two types of trading accounts available. All accounts come with the same features, such as automatic trading, mobile trading, EA compatibility, and a fixed spread, and they all need a $100 minimum initial deposit.

Not one, but two high-quality trading platforms are available to TMGM clients who have opened real accounts: MetaTrader 4 and MetaTrader 5, respectively. Market depth analysis may be customized on the MetaTrader 4 platform, which offers clients one-click trading solutions and market depth research. While MetaTrader 5 is quite similar to its predecessor, MetaTrader 4, the platform offers a few more sophisticated features and some fundamental efficiency improvements, such as extra periods, a greater choice of tools, and depth of market (DOM) pricing, among other things.

Wire transfer, Skrill, Neteller, Fasapay, AliPay, UnionPay, Tether (USDT), and credit/debit cards are also accepted payment options at TMGM, in addition to wire transfer. Clients may make deposits in a range of currencies, including AUD, USD, EUR, GBP, and NZD. There are five distinct currencies to choose from. If you utilize bank withdrawals outside of Australia, you will incur a $20-30 bank processing fee; nevertheless, all withdrawals will be processed within 24 hours and no costs will be assessed.

The company is active on social media platforms such as YouTube, Facebook, Twitter, Instagram, and LinkedIn, where it posts news, lessons, and employment opportunities such as internships on a daily basis. Brand ambassador Gianluigi Buffon delivers frequent online seminars that are open to the public and are completely free to attend.

The TMGM Academy is a training feature that is available to customers. An educational course in three stages that takes beginner traders from the fundamentals of trading to more complex tactics such as moving averages and Fibonacci extensions, the school is designed to help them succeed.

Trading contests, which typically last three months, are held by the broker on a regular basis. The leader board is updated on a daily basis, and the trader who achieves the top rating at the end of the three-month period will be awarded a prize from a fund of up to $148,500 dollars. On the website, you may discover the whole set of regulations and terms and conditions.

The quickest and most convenient way to contact TMGM is through their email and live chat assistance, which is only accessible 24 hours a day, five days a week and can be found on the contact page of their website. Furthermore, in order to give a more accessible client experience, the company offers website languages in Chinese, English, French, Indonesian, Italian, Portuguese, Spanish, Thai, and Vietnamese, in addition to other languages.

All things considered, TMGM may be the best broker for you because it offers not only Forex and CFD trading, but also cryptocurrency trading to both regular and expert traders. The client site, which caters to traders from all over the world, gives up a plethora of worldwide prospects to them through its user-friendly layout.

A multi-regulated forex broker with a strong presence in Australia and New Zealand, TMGM (previously known as TradeMax Global Markets) is a popular choice for many traders. For stocks, this forex broker offers low spreads with ECN pricing, MetaTrader 4, and DMA execution, all of which are IRESS-certified.

With a big Asian clientele, TMGM (formerly known as TradeMax Global Markets) is an ASIC-regulated broker. With minimal costs and ECN execution, they offer access to over 12000 different trading products, as well as MetaTrader 4, 5, and IRESS trading platforms, as well as their own proprietary HUBx for fund managers and copy trading. Overall, TMGM is a reliable broker that provides all of the trading tools you will want to be a successful foreign exchange trader.

As part of this evaluation, we will look at all of the features, as well as any shortcomings, that TMGM may have to offer. This will assist you in determining if TMGM is the correct broker for you.

TMGM provides a variety of trading accounts that are equipped with the tools and functionality you require, regardless of your degree of trading expertise. We have a trading account that is tailored to your needs, whether you are a long-term investor or a day trader with TMGM. TMGM Classic accounts are available for purchase, whereas TMGM Edge accounts are available for purchase.

In order to create an account, you must make a minimum deposit of $100. However, larger deposits may be required in order to complete a transaction. This is due to the fact that you will still be required to fulfill margin standards. The Classic account does not charge a commission; nevertheless, the spreads will be greater than with the Standard account. Edge accounts, on the other hand, have a commission cost of $7 and have tighter spreads in comparison. The ECN execution will be available regardless of the account type you choose, and the minimum lot size will be 0.01.

The Classic account type at TMGM provides spreads starting at one pip. Commission fees, on the other hand, are not included because they are already included in the spread. Those who like to adopt mid- or long-term strategies that are not depending on spreads will find the Classic account type to be the most suitable.

The TMGM Edge account, on the other hand, has the lowest spreads on the platform, with spreads starting at 0 pips. For each normal lot, users will be required to pay a $7 fee round turn ($3.50 one way).

Because there is no dealing desk, the Edge account is the one that most closely mimics electronic communication network (ECN) trading. Due to the fact that spreads are received from direct liquidity sources without any intervention from TMGM, you will receive ECN pricing.

Keep in mind that spreads are continuously changing, thus TMGM has a quick execution speed of 30 MS to assist you minimize the hazards of slippage and boost your chances of receiving the quoted price. This is made feasible by the fact that their servers are strategically located in the Equinix New York (NY4) data center, which houses the servers of all of the top liquidity providers, including Citi, UBS, Credit Suisse, and Bank of America.

It's worth noting that servers are also housed in Equinix Tokyo TY3, which is one of the major exchange hubs in the whole region. According to our research, this broker is the only one who makes use of this Data Center. Due to the fact that TMGM's core client base has long been concentrated in Asia and Oceania, it is only sensible to employ servers located in this area.

If you are a trader who is looking for the tightest spreads available at TMGM, then this is the account type for you.

You may also open a Swap Free account with TMGM if you believe that you cannot pay or earn interest due to religious beliefs. In order to be eligible for Swap-Free accounts, you must have a $100 minimum deposit and a minimum lot size of 0.01. Edge account types are the only ones that provide these.

Account in Demonstration: If you wish to practice trading before opening a real account with TMGM, you may do so by using one of the company's demo accounts. These accounts provide virtual monies to allow you to become more familiar with the services and features supplied by the broker by using them. You can also use it to ensure that you are as knowledgeable about TMGM before deciding to register a trading account with the company.

Access to the MetaTrader 4 trading platform (which we'll get to in a moment) is granted for a period of one year for demo accounts that use the platform. However, if there is no action for six months, your access will be terminated automatically. If you want to finance your demo account, you can pick from three different amounts: $5,000, $10,000, and $50,000.

If you lose all of your cash, please contact TMGM customer service, and they will credit your account with the appropriate amount. It is necessary for traders who wish to utilize an IRESS demo account to sign up for the account first, after which an account manager will set up your account.

If you're serious about forex trading, you should carefully analyze the spreads that a broker has to offer before committing to a certain broker. With regard to currency pairs, spreads are defined as the difference between the ask (sell) price and the bid (buy) price. Alternative: the difference between the short and long position if you wish to trade with positions rather than with money.

Spreads are one component that distinguishes a broker from another, despite the fact that the majority of brokerage systems offer comparable characteristics. In order to execute trades, TMGM does not have a dealing desk and instead relies on the electronic communication network (ECN). This firm collaborates with the top 'prime of prime' liquidity providers, linking investment banks and non-bank market makers while also consolidating all of the quotes provided into a single liquidity pool. This enables TMGM to provide some of the most competitive ECN pricing in the industry.

Spreads are represented in points of percentage (pips), which represent a point in a percentage. One pip is equivalent to one hundredth of a percent. Keep in mind that, despite the fact that pips are little figures, they may soon pile up if you engage in a significant amount of trading.

When it comes to spreads, TMGM is competitive, with a low of 0.0 pips for their Edge account and 1.0 pips for their basic account.

Account Types: Edge Account versus Classic Account: Because there is no dealing desk, the Edge account is TMGM's genuine electronic communication network account. With this account, you will benefit from the lowest spreads available at TMGM. The Classic account is a spread-only account offered by TMGM. This signifies that the spread includes the cost of the commission.

Spreads on Accounts on the Cutting Edge: Because it leverages ECN execution to get spreads directly from liquidity sources, this account boasts the lowest spreads among all of TMGM's accounts. Because there is no dealing desk, it is possible to say that this account provides ECN pricing. Some other brokers refer to this form of account as the RAW account, which emphasizes the fact that the broker has no influence on the price of the trades.

In order to maintain spreads as low as possible and in line with the prices given by liquidity providers, a commission of $3.00 is required to initiate and cancel a trade.

The average spreads that brokers post on their websites for key forex pairs are compiled by us once a month. The average spreads for the major forex pairings are shown in the table below, which compares them. In this case, the average spread for the most popular pair (EURUSD) is incredibly narrow and among the best in the market, as seen in the chart above.

Because the broker's costs are incorporated in the spreads, there are no commissions charged on this account. This is referred to as the basic account by most brokers.

In the world of trading, leverage is a critical instrument. It is frequently one of the first things that a trader will investigate. Whatever their level of knowledge or inexperience, traders are interested in the leverage that a new forex broker provides.

The amount of leverage you can use will depend on whether you are trading from Australia or from another country.

In Australia, where TMGM is regulated by the Australian Securities and Investments Commission (ASIC), the maximum allowable leverage for Major forex pairs is 1:30, while the maximum authorized leverage for Minor forex pairings is 1:20. This is in accordance with European and United Kingdom authorities. However, if you're a professional trader using the TMGM platform, those ratios increase to 1:400 for both Major and Minor currency pairings.

In New Zealand, where TMGM is regulated by the Financial Markets Authority (FMA), the highest permissible leverage for forex is 1:200, 1:100 for indices and energy, and 1:200 for precious metals such as gold and silver.

If you are trading with TMGM and do not reside in one of these two countries, the maximum leverage available while trading forex is 1:500 (forex leverage). The rest of the items are the same as they are in New Zealand.

On its website, TMGM provides consumers with a selection of trading platforms that are simple to use and straightforward. These include its MetaTrader4, MetaTrader5, and IRESS trading platforms, among others. Let's have a look at what these platforms have to offer.

Due to the widespread acceptance of MetTrader4 (MT4), which is widely regarded as the gold standard trading platform for forex trading, it comes as no surprise that MT4 is the most popular trading platform at TMGM. In order to rapidly and effectively analyze financial markets and trading situations, this platform provides all of the important tools that both novice traders and expert traders want.

The MetaTrader 4 platform allows traders to see real-time price feeds, keep up with the latest financial news, use analytical tools, and consult technical charts, providing them with the best opportunity to make the best trading decisions possible.

The sole disadvantage of using MT4 is that the selection of stocks available is limited when compared to IRESS. CFDs are now available for trading in just thirty of the most popular US stocks; trading in these stocks is limited to MT4 server time Monday-Friday 16:30-23:00, which is Eastern European Time (EET) or GMT+3.

There are several versions of the MT4 trading platform offered through TMGM, including the following:

Platform for the desktop: Trading on the MT4 trading platform is available for all Windows desktops, and it is also available for MacOS desktops if your operating system is Mojave (10.14) or earlier (later versions will need an emulator such as WINE). The MT4 desktop trading platform has a simple, elegant layout that is especially beneficial for new traders since it keeps the screen from becoming cluttered with extraneous information.

Traders may personalize their dashboards with a variety of charts, and they can use hundreds of technical indicators to determine exactly what is happening in the market. Trading positions, as well as any other essential account information, are accessible through the TMGM MT4 desktop interface, which is available to all traders.

One of the most important advantages is the option to use Expert Advisors to automate your trade (EAs). It boasts one of the largest markets of any trading platform, giving you to access an extensive collection of trading robots, as well as indicators for your trades. Some of them are even available for free.

The MetaTrader 4 trading platform is also accessible as a mobile application. Whether you choose an Android smartphone or an iOS device such as an iPhone or iPad, you have the ability to carry your trading platform with you everywhere you go. With the MT4 mobile trading platform, you have the freedom to trade whenever and anywhere you choose.

It should come as no surprise that MetaTrader5 (MT5) is the platform that replaces the MetaTrader4 platform. You'll receive all of the functionality and features you're used to from MetaTrader 4, but there are a few more sophisticated choices available with MT5.

Additional charting periods and order types, a multi-currency strategy tester, a broader range of trading tools, and depth of market (DOM) pricing are among the features available to customers. However, although MT5 is not currently a live trading platform, it is expected to be made accessible to traders later this year..

IRESS: This "next-generation, web-based trading platform" is what TMGM refers to as its "IRESS platform." The primary purpose for using this trading platform is to have access to TMGM's whole selection of CFD shares at any time of day or night. Because IRESS enables you to trade on exchanges in the following countries: the United States, Australia, the United Kingdom, Hong Kong, China, and Singapore, it is a better alternative than MetaTrader 4 if you intend to trade stocks.

The other advantage of IRESS is that it provides exchange pricing and market depth, among other things. This is due to the fact that IRESS makes use of Direct Market Access (DMA) trading. It is possible to examine live orders from institutional liquidity providers connected to the exchange while using the DMA. This is known as Level 2 Market Depth Order Book pricing. DMA is not available in MetaTrader 4.

Data Feeds are also far quicker than they are with MetaTrader. Stock prices from the New York Stock Exchange are displayed in real time, while prices from all other markets are displayed with a 15-minute delay.

The most important thing to keep in mind is that the minimum deposit amount is a whopping $5,000 USD. As a result, IRESS is reserved for serious traders.

One of the most important features of the IRESS platform is the opportunity for traders to personalize their workspace by utilizing a modular structure that provides them with the data and information that is relevant to their needs. It is simple to resize, add, or delete modules from the platform. This gives you total control over the information that is displayed and how it is displayed on the platform at any moment.

These templates provide traders with the breadth and depth of the market that they want, all from the ease of a single computer screen. With this wealth of information at your fingertips, you'll be able to make better and more timely decisions than before. IRESS also allows users to compare, overlap, and combine many charts in order to detect trading trends and opportunities more quickly and efficiently.

In order to make use of IRESS, you will need to create an IRESS account. Minimum deposits for IRESS are expensive, owing to the fact that DMA trading is reserved mostly for experienced traders. The cost will vary depending on which stock exchange you choose. The costs for stock exchanges in the United States are shown in the table below.

This technology, which was developed by TMGM in collaboration with LifeByte, facilitates collaboration between fund managers and their customers during trading. There are three distinguishing characteristics of the product, which integrates with MetaTrader 4.

A Multi-Account Manager (MAM) is a tool used by fund managers to manage many accounts. It is intended for fund managers to make it easier for them to handle all of their clients' accounts from a single terminal. Simply said, MAM is a master account that allows you to manage all of your client accounts from a single location. This effectively permits fund managers to establish a forex trading fund, because the trading techniques of the fund managers may be effortlessly assigned to the client account as well.

A single Dashboard is accessible so that fund managers may keep track of their customers as well as other key data in one convenient location.

Copy Trading is a type of trading in which two people copy one other's actions. Trades may be duplicated between accounts in the same manner that fund managers can copy their transactions to their customers using MAM. HUBX also provides copy trading functionality, which allows trades to be copied across several accounts.

Clients can benefit from account monitoring and risk management tools. Through portfolio management controls, clients may keep track of and exert control over what their fund manager is doing with their money. This feature records all transactions between fund managers and their clients' accounts and allows them to monitor their holdings as well as their risk allocations.

In addition to forex trading, TMGM offers a wide range of other contract for difference (CFD) products. Examine the features that the platform has to offer in further detail.

With a daily trading volume of more than $6.5 trillion, the FX market is the largest financial market in the world. The New York Stock Exchange, on the other hand, only handles $20 billion in business. It's not even close to being a comparable. Because it is open 24 hours a day, five days a week, it is a market that is accessible to everyone in the globe who want to trade.

The most common currency pairings, including 46 main, minor, exotic, and cross-pairs are all available to you through TMGM's online trading platform. Spreads begin at 0 pips, and you'll have access to leverage of 1:30 (for Australia), 1200 (for New Zealand), and 1500 (for the rest of the world) while trading forex.

Trading Indices is a means for you to obtain exposure to the stock markets of nations all around the world without having to invest a lot of money. With TMGM, you may trade on over fifteen different indices, including the S&P 500 in the United States, the DAX in Germany, the Nikkei in Japan, and the FTSE 100 in the United Kingdom.





With Index CFDs, not only will you have access to a wide range of CFD markets, but you'll also get to take use of the advantages that TMGM has to offer. Users may trade CFDs, for example, with a leverage of up to 1:100, according to the company.

Index CFDs come with a number of additional features, some of which are as follows:

When trading CFDs on indices, you will not be charged a commission. Because of the vast liquidity pool provided by Tier 1 liquidity providers on the TMGM platform, you will always be able to acquire the best prices when you need them.

Shares:The TMGM stock exchange connects you to marketplaces all across the world if you're interested in trading securities. You'll be able to choose from a variety of stocks in countries such as Australia, Hong Kong, and the United States. TMGM provides traders with the ability to short (sell) and long (purchase) a large number of the shares that are offered. This includes participating in the interest and dividends earned as a result of the holding of these positions.

If you want to trade stocks CFDs, you may use either MetaTrader 4 or IRESS. However, MetaTrader 4 is restricted to just 30 stocks from the United States during business hours (GMT+3). IRESS provides access to the whole range of shares that TMGM offers on stock exchanges in the United States, Australia, the United Kingdom, Hong Kong, China, and Singapore, 24 hours a day, seven days a week.

One of the most significant advantages of utilizing TMGM to trade CFD shares is that you may obtain exposure to stock price swings with a relatively small initial investment. TMGM provides access to more than 16,000 equities, as well as total price transparency when traders participate in real-time market liquidity on the platform.

Another compelling incentive to trade CFD Shares with TMGM is the wide range of opportunities. These are some examples:

Low commissions on all of your CFD Shares transactions.
When trading on the IRESS platform, you may take advantage of competitive CFD market rates.
Precious metals are metals that are extremely valuable.
Trading precious metals is one of the most effective strategies to diversify your investment portfolio. This is due to the fact that precious metals are classified as a'safe haven' asset class, which has a certain attraction during times of volatility and uncertainty.

When you trade CFDs on precious metals, TMGM provides you with the opportunity to benefit from the benefits of diversification and speculation without having to physically own the precious metals themselves in your hands.

CFDs on gold, silver, and platinum are available to you if you open a TMGM MT4 trading account with them. You'll also benefit from the patented TMGM Aggregation engine, which allows you to take advantage of the best spreads available, which start at 0.0 pips.

Energies: Another excellent approach to diversify your portfolio is to trade CFDs on energy commodities such as natural gas and oil. With TMGM, you may have access to these markets without having to purchase the underlying energy. TMGM's trading platform, for example, allows you to trade CFDs on Brent Crude Oil and WTI Crude Oil, among other commodities.

Not only that, but you can also participate in the Natural Gas Market. Access to these marketplaces provides a fantastic opportunity to conduct business in locations that aren't often given as much attention. Thanks to TMGM's patented Aggregation Engine, you'll also have access to the finest spreads, which start at 0.2 pips and go up from there.

Cryptocurrencies: For its investors and traders who are interested in digital assets, TMGM also provides crypto trading services. A total of eight major cryptocurrencies are available for traders to choose from, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). You may trade your favorite digital assets directly from the MT4 platform, eliminating the need to open another window on your computer's desktop interface.

Because cryptocurrency exchanges are open 24 hours a day, seven days a week, you can trade whenever you choose. In addition, because TMGM is a licensed exchange, you will have access to the most popular digital assets while being protected by ASIC and VFSC rules, among other things.

If you use an online trading platform like TMGM on a regular basis, there is always the possibility that you will encounter difficulties. If you have a major problem or a minor hiccup, it's always great to know that aid is only a mouse click or phone call away if you require assistance.

In order to contact TMGM customer service, you may do it either by live chat, over the phone, or by email. The live chat option is quite useful. You may expect to receive timely replies that are relevant and useful. Additionally, when the discussion has concluded, you will have the opportunity to submit your own input.

It is unlikely that you will receive prepared responses from a chatbot, as you could with some other platforms. Instead, you will receive real-time responses from a genuine human. The employees are competent, and if you want assistance, TMGM's chat service is available in more than ten different languages. That implies you'll be conversing with someone who is conversant in your language.

English, Chinese, Vietnamese, Portuguese, Spanish, Thai, Arabic, French, Indonesian, Italian, and Filipino are among the languages that can be spoken on the site.

Similarly, the email support crew at TMGM is quite responsive. If you contact the team via email, they will usually respond within 24 hours, which is faster than the response time you would receive through chat. Phone help is hit-or-miss at best. However, even while calls are handled fast, it might be difficult to locate an expert adviser who can explain the solution to your query in further detail.

Always remember that these help options are accessible seven days a week, twenty-four hours a day. They are not available on Saturdays and Sundays. For this reason, if you have an issue on a Saturday or Sunday, you will have to wait until Monday before it is addressed.

TMGM Academy is a TMGM company. Customer service is not the only thing TMGM has to offer; they also have something called TMGM Academy. The TMGM Academy is a place where you may learn all there is to know about forex trading. There are three levels of difficulty to choose from: the Beginner Stage, the Intermediate Stage, and the Advanced Stage.

Stage I: Getting Started: This stage of the TMGM Academy educates new traders for their first steps into the forex trading world. A solid basis is laid in the Beginner Stage, which includes comprehending margin trading, learning to read various types of charts, and receiving an introduction to trading instruments such as oscillators and indicators, as well as support and resistance levels on the chart.

In the middle of the process: The Intermediate Stage of the TMGM Academy focuses on the more technical aspects of forex trading. This involves taking into account indicators like as the MACD, the RSI, the ATR, the Moving Average, and others. TMGM presents the concepts of Fibonacci and Fundamental analysis, as well as practical applications of these concepts in trading.

Stage II (Advanced): The Advanced Stage of the TMGM Academy is where traders may learn more about various trading techniques and how to put them into practice. Advanced types of Fibonacci extensions and retracements, the relative strength index (RSI), correlation, and trade management are all covered in this level.

With Metatrader, the initial deposit amount for each TMGM is $100, with no minimum deposit amount. If you're utilizing IRESS, the cost is $5,000.

TMGM does not charge any fundraising fees. Credit cards, bank transfers, Skrill, UnionPay, Neteller (including SticPay and FasaPay), and a variety of additional payment methods are available for funding your account. A separate client trust account is used to hold funds on the TMGM platform in accordance with the regulations and policies of the site. These accounts are held in Australian banks such as Westpac and NAB, or if the accounts are held in New Zealand, they are held in local New Zealand banks.

In a same vein, customers may withdraw their monies using the same ways they used to deposit them, and they will not be charged any withdrawal fees. Because of the open and honest information regarding the company's deposit and withdrawal processes, it is very impossible to believe that TMGM is a fraud. It is a trustworthy forex website that provides a wide range of useful features and advantages.

For investors and traders, risk management techniques and regulations are essential since CFDs and FX are sophisticated products that carry a significant level of risk for both parties. The company as a result provides basic risk mitigation instruments such as stop orders, trailing stops, and take profit orders. You will not, however, be able to take use of any unique features such as guaranteed stop loss.

Negative balance protection for Australian traders and investors is required by the Australian Securities and Investments Commission (ASIC). Keep in mind that the Vanuatu Financial Services Commission and the Financial Markets Authority (New Zealand) do not need it, and as a result, these clients will not be able to take advantage of this functionality.

TMGM, on the other hand, takes further precautions to guarantee that dangers are kept to a bare minimum on their platform. Here are a few more ways in which the website protects its readers against risk:

External Audits TMGM engages the services of an independent, external auditor to guarantee that regulatory responsibilities and compliance standards are satisfied. In addition, these auditors give guidance on platform duties and operational practices.

Banks that you may put your trust in: All of your funds are held in only the most reputable financial institutions in the world. Unless otherwise specified, all client assets are held in an Australian authorised deposit-taking institution (ADI) with an AA credit rating. The National Australian Bank is one of the country's major financial institutions. Separate accounts for high-net-worth organizations and individuals are available through TMGM. These accounts have the ability to enter into dedicated bank accounts and check their account balances at any time they like.

Assets that are safeguarded: TMGM, which provides professional liability insurance, places a strong emphasis on putting the customer first. This insurance is utilized to preserve the financial security of customers while also satisfying the needs of a number of regulatory bodies in the process. The insurance provider that insures TMGM gives users with up to AUD 5 million in coverage.

An independent government regulatory body, the Australian Securities and Investments Commission (ASIC), is in charge of enforcing financial services legislation in Australia. Investors, creditors, and consumers in Australia are the key targets of their efforts. An important global regulator, ASIC is devoted to safeguarding market integrity while also defending the interests and rights of consumers. The Australian Securities and Investments Commission (ASIC) has been granted the Australian Financial Services Authorization 436416.

For those of you in New Zealand, TMGM is likewise governed by the Financial Markets Authority, which is a government agency. The Financial Markets Authority (FMA) is the institution in charge of financial reporting and the enforcement of securities and other regulations that apply to the financial industry. TMGM holds a derivatives license with the Financial Markets Authority (FMA), FSP 569807.

Aside from that, TradeMax Global Markets is governed by the Vanuatu Financial Services Commission (VFSC), which has the registration number 40356. A means to open an account in the nation where you live is provided by TMGM, which caters to both people and companies from countries such as Singapore, the Philippines, and Canada. Please bear in mind, however, that TMGM expressly declares that they are not providing electronic trading facilities to nationals of the United States of America.

According to the findings of this TMGM review, this online broker provides CFD and FX trading to both professional institutions and retail traders. Clients can choose from a variety of trading platforms and analytical tools, which enable for in-depth market research to be carried out. Having access to these tools allows people to make well-informed and intelligent decisions about their investments.

The trading conditions on the TMGM platform are quite competitive in comparison to other platforms. You will, however, receive the best possible rates on your trades because of the extensive liquidity, improved executions, and lightning-fast servers available. It also doesn't hurt that there are a variety of account kinds to pick from, as well as a diverse range of funding choices to consider.

Users may fund their accounts with as little as $100 to get started trading in a range of CFD markets, depending on their financial situation. Whether you are interested in currency, oil, precious metals, or stocks, TMGM has a market to suit your requirements. You'll receive exceptional customer service, and if you're interested in learning something new, you may do so at the TMGM Academy.

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Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.