Hello Wootfi.com Visitors Today We Covered TMGM Review. Please Read Our All review to know more about TMGM Broker .
TMGM is a leading provider and innovator of CFD trading, constantly pushing the boundaries through cutting-edge research and development. At TMGM, they aim to provide you with the best trading conditions, powered by both industry-leading and cutting edge innovative platforms. The R&D efforts constantly push the boundaries of liquidity and usability to empower you to benefit from a truly exceptional trading environment.
The founding members of TMGM spent their early days doing what they do best: Trading. It was through this experience that they found what obstacles traders were facing while trading, roadblocks and pain points that the industry was simply not solving. Driven by the desire to solve these problems for fellow traders, they went forth to search for a solution.
The solution presented itself in the form of TMGM: a company genuinely built by traders, for traders, with a vision to not only solve their current problems – but to always be one step ahead innovating solutions for their clients.
TMGM at a glance
|Regulation||ASIC (Australia), VFSC (Vanuatu), FMA (New Zealand)|
|Publicly Traded (Listed)||Yes|
|Mobile App||No proprietary app currently available|
|Customer Support||Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.|
|Email Support||[email protected]|
|Official Website||Click Here To Visit|
How To Create Account At TMGM
TMGM offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
TMGM Trading Fees
They tested TMGM’s spreads during the most actively traded times – the London open at 8 AM GMT and just after the U.S. open at 2:45 PM GMT. The test was conducted on 19 December 2022.
|Instrument||Live Spread AM||Live Spread PM|
|EURUSD||0.9 pips||0.9 pips|
|GBPJPY||2.6 pips||2.5 pips|
|Gold (XAUUSD)||15 pips||24 pips|
|Crude Oil||0.04 pips||0.04 pips|
|Dow Jones 30||4 basis points||3 basis points|
|Germany 40||3 basis points||4 basis points|
TMGM’s Classic account has floating spreads starting from 1.0 pips. Except for indices, instruments from other asset classes generally have spreads below the industry average. Regarding indices, it is also worth pointing out that the spreads on the Dow Jones and DAX tend to increase at times when the local markets are closed. Traders in Australia and elsewhere should be mindful of the impact of different time zones on trading activity.
TMGM’s Swap Rates
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
MT4 is one of the most widely used trading platforms on the market. It provides all the essential trading features and is suitable for both novice and experienced investors. Both instant and pending order execution are available.
MT4 users have access to nine timeframes, over 2,000 technical indicators and 1,700 trading robots. Expert advisors (EAs) and MT4’s automation capabilities are partly why the platform is so popular.
But while MT4 is good for forex trading, it does not provide access to TMGM’s full range of CFD assets, including shares.
MT5 is the next generation of MetaQuotes platforms. Whilst largely similar to its predecessor, MT4, the latest terminal has more advanced tools and features, alongside several underlying efficiency upgrades. These include additional timeframes, a larger variety of orders and accounting modes, plus Depth of Market (DOM) pricing. Automated trading is also available on MT5.
IRESS is an advanced trading platform that works on all browsers. The software is designed for professional traders and, as such, has additional fees and a minimum deposit requirement of $5,000.
Some of the advantages of the IRESS platform include access to TMGM’s full range of CFD shares, direct market access (DMA) and real-time price streaming for US customers
TMGM Deposits & Withdrawals
Any TMGM account using MT4 will require a minimum deposit of $100. Minimum deposits on the IRESS platform start at $5,000.
Accepted payment methods include bank wire transfer, debit cards and credit cards from Visa, MasterCard and UnionPay, alongside e-wallets Skrill, Neteller, FasaPay, RMB Direct Pay and Revolut. The minimum withdrawal is $100 and there is no fee.
Free demo accounts are available from TMGM with the MT4 platform. You can choose between three funding amounts: $5,000, $10,000 and $50,000. You will have access to the paper trading account for 365 days but, if there is no activity for six months, you will lose your access.
Regulation & Licensing
Trademax Australia Limited (ABN 76 162 331 311), trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC).
For traders in New Zealand, TMGM holds a derivatives license with the Financial Markets Authority (FMA). TMGM TradeMax Global Limited (registration number 40356), is authorized and regulated by the Vanuatu Financial Services Commission (VFSC).
It is worth noting that ASIC, FMA and VFSC do not provide investor protection, which means you are not entitled to compensation if the firm goes bust. In addition, US clients are not accepted.
High Grade Features Which Offer By TMGM
Instant Deposits. Fast Withdrawals. No Commission.
Fund your account easily and securely through our wide range of payment options. Your funds are held securely in Tier 1 banks.
1 account 12,000+ products.
Diversify your portfolio with access to over 12,000 products across 7 asset classes. Trade CFDs on Forex, Futures, Indices, Metals, Energies, Shares and Crypto.
Trade on the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5) and IRESS platforms. Available on desktop, web, Android and iPhone
License and Regulation
TMGM is regulated by three reputable financial jurisdictions. Australian Securities and Investment Commission (ASIC), Financial Markets Authority (FMA), and the Vanuatu Financial Services Commission (VFSC).
Tier 1 Major Banks
Your funds are held with tier 1 major banks such as NAB.
Security of Funds
Your funds are received into segregated bank accounts separate from those used by the company.
Market Leading Insurance
TMGM safeguards its liabilities against clients with a Civil Liability Insurance program for a limit of $5,000,000 which includes market-leading coverage against errors, omissions, negligence, fraud and various other risks that may lead to financial loss.
TMGM offers support via live chat, email and telephone. Help is available 24 hours a day, 7 days a week, including on weekends. The live chat feature is particularly active and response times are low.
Customer service representatives are knowledgeable and you can receive help in over 10 languages, including English, Chinese, Vietnamese, Portuguese, Spanish, Thai, Arabic, French, Indonesian, Italian and Filipino.
You will usually receive email responses from a helpful member of the team within 24 hours, but telephone support is also fast and reliable.
- Email: [email protected]
- Live chat: icon on the website
- Phone: +61 2 8036 8388
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