TMGM
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Popularity | |
Leverage | 1:500 |
Minimum Deposit | $100 |
Regulation | ASIC, CySEC |
Payment Methods | Visa, MasterCard, Bank Wire, Skrill, Neteller |
Trading Assets | Forex, Commodities, Indices, Shares, Cryptocurrencies |
MT4 | ✅ |
MT5 | ✅ |
Spreads | Very low |
Average cost: EUR/USD | 0.6 pips |
Demo Account | ✅ |
Islamic Account | ✅ |
MAM | ✅ |
PAMM | ❌ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | $10 after 12 months of inactivity |
Year Established | 2013 |
Address | Level 28, One International Towers, 100 Barangaroo Avenue, Sydney NSW 2000, Australia |
Contact Information | Email: [email protected], Phone: +61 2 8036 8388 |
Mobile Trading APP | |
Rating | ★★★★☆ 4.7 |
Website |
Pros and Cons
- Wide range of trading instruments
- Very low spreads
- High leverage up to 1:500
- No deposit and withdrawal fees
- Comprehensive educational resources
- PAMM accounts not available
- Limited access to ZuluTrade
- $10 inactivity fee after 12 months
- Scalping policies could be more transparent
- Limited crypto trading options
Introduction
In the dynamic world of online trading, choosing the right broker can be a daunting task.
With so many factors to consider, from trading platforms and instruments to fees and security, traders need a reliable and comprehensive guide to make informed decisions.
This review aims to shed light on TMGM, a broker that has been gaining popularity among traders worldwide.
By evaluating its services, features, and overall value, we hope to provide you with the necessary insights to determine whether this broker is the right choice for your trading needs.
Open a free accountCompany Overview
Trademax Global Markets (TMGM), established in 2013, is a globally recognized broker that provides traders with access to a wide array of financial markets.
Headquartered in Sydney, Australia, the company has expanded its reach to serve clients in various countries, adhering to strict regulatory standards to ensure a safe and secure trading environment.
Key Facts:
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- Established: 2013
- Headquarters: Sydney, Australia
- Regulation: ASIC, CySEC
- Trading Instruments: Forex, Indices, Commodities, Shares, Cryptocurrencies
Trading Platforms
TMGM offers its clients access to the industry’s most renowned and reliable trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary WebTrader.
MetaTrader 4 (MT4):
-
- User-friendly interface: Ideal for both beginners and experienced traders.
- Advanced charting tools: Offers a wide range of technical analysis indicators.
- Automated trading: Supports Expert Advisors (EAs) for algorithmic trading.
MetaTrader 5 (MT5):
-
- Enhanced trading functions: Compared to MT4, offering more timeframes and technical indicators.
- Economic Calendar: Integrated directly into the platform.
- Multi-asset trading: Allows trading stocks, futures, and Forex from a single platform.
WebTrader:
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- Accessibility: Trade from any web browser without downloading software.
- Synchronization: Seamlessly integrated with MT4 and MT5 accounts.
- Features: Includes real-time quotes, charts, and a wide array of analytical tools.
Mobile Trading
In today’s fast-paced world, the ability to trade on the go is a necessity for many.
TMGM offers robust mobile trading solutions through the MT4 and MT5 mobile apps, allowing traders to manage their accounts, analyze markets, and execute trades from anywhere, at any time.
- Accessibility: Both iOS and Android users can access their trading services through dedicated mobile apps, ensuring a seamless trading experience across all devices.
- Functionality: The mobile apps offer a comprehensive set of features, including interactive charts, a full set of trading orders, and advanced analysis tools.
Account Types
TMGM provides many account types to cater to the diverse needs of its clientele, including Standard, Edge, and Islamic accounts.
Each account type is designed with specific features and benefits:
Account Type |
Minimum Deposit |
Spreads From |
Commission |
Standard |
$100 |
1.0 pip |
No Commission |
Edge |
$100 |
0.0 pip |
$7 per lot |
Islamic |
$100 |
1.0 pip |
No Commission |
Trading Instruments
The broker offers an impressive range of trading instruments, providing traders with opportunities across various markets:
- Forex: Access to more than 90 major, minor, and exotic currency pairs.
- Indices: Trade on global indices such as the S&P 500, DAX, and Nikkei 225.
- Commodities: Includes precious metals, energies, and agricultural products.
- Shares: Trade shares from leading companies and global markets.
- Cryptocurrencies: Offers trading on popular cryptocurrencies.
Fees and Spreads
This broker is known for its competitive fees and low spreads, making it an attractive option for traders looking to minimize costs:
- Forex Spreads: As low as 0.0 pips on major currency pairs for Edge account holders.
- Commission: $7 per lot on the Edge account, with no commission on the Standard account.
- No Hidden Fees: TMGM prides itself on transparency, with no hidden fees or charges.
Leverage
TMGM offers leverage up to 1:500, providing traders with the potential to increase their trading position size and capitalize on market movements.
However, it’s important to note that higher leverage also increases the risk of losses.
Payment Methods
TMGM supports many different payment methods for deposits and withdrawals, catering to the global nature of its client base:
- Credit/Debit Cards: Visa, MasterCard
- Bank Wire Transfer: Accessible for both deposits and withdrawals.
- E-Wallets: Skrill, Neteller, and more, offering fast and convenient transactions.
Trading Performance and Execution
One of the crucial factors that can significantly impact a trader’s success is the performance and execution speed of their trades.
TMGM leverages state-of-the-art technology to ensure high-speed trade execution, minimizing slippage and providing traders with the best possible price execution.
This is particularly beneficial in fast-moving markets where prices can change rapidly.
- Execution Speed: Their infrastructure is designed to facilitate ultra-fast trade execution, which is critical for strategies such as scalping or high-frequency trading.
- Reliability: The stability of its trading platforms ensures that traders can operate confidently without worrying about downtime or interruptions.
Customer Feedback and Community
Understanding the experiences of existing customers provides valuable insights into a broker’s service quality.
TMGM has cultivated a strong community of traders and receives generally positive feedback across various forums and review sites.
- Customer Satisfaction: Many traders praise them for its transparent pricing model, broad range of trading instruments, and responsive customer service.
- Community Engagement: TMGM actively engages with its community through social media and educational events, fostering a supportive environment for traders.
Market Analysis and Research
To support informed trading decisions, the company provides clients with access to comprehensive market analysis and research tools.
These resources are invaluable for staying up to date with market trends, economic news, and technical analysis.
- Daily Market Reports: Offers insights into the latest market movements and trading opportunities.
- Economic Calendar: Keeps traders informed about upcoming economic events that could impact the financial markets.
- Technical Analysis Tools: Advanced charting tools and indicators help traders analyze market trends and identify potential trading opportunities.
Challenges and Considerations
While TMGM offers a compelling proposition for many traders, there are a few considerations to keep in mind:
- Regional Restrictions: Due to regulatory constraints, the company services may not be available in certain countries. It’s important to check whether it operates in your jurisdiction.
- Learning Curve: Beginners may find the wealth of features and options overwhelming at first. However, TMGM’s educational resources can help new traders navigate these complexities.
Educational Resources
The broker places a strong emphasis on education, offering a comprehensive suite of resources to help traders strengthen their skills:
- Webinars and Seminars: Regularly scheduled events with industry experts.
- E-Books and Articles: Covering a range of topics from beginner to advanced levels.
- Video Tutorials: Step-by-step guides on using the trading platforms and strategies.
Customer Service
Its commitment to client satisfaction is evident in its customer service.
Available 24/5, the support team can be reached via live chat, email, or phone, providing timely and helpful assistance.
Regulation and Safety
As a broker regulated by top-tier authorities such as ASIC and CySEC, the company adheres to strict guidelines ensuring client fund safety, transparency, and fairness in trading.
- Client Fund Safety: Segregated accounts with top-tier banks.
- Negative Balance Protection: Ensures clients cannot lose more than their account balance.
Unique Features
TMGM sets itself apart with several unique features that enhance the trading experience:
- IAutoX: Proprietary automated trading platform that allows traders to execute strategies with precision.
- TMGM Academy: An educational platform providing in-depth training courses.
- HUBx: TMGM’s exclusive trading tool, offering advanced analytics and market insights.
Conclusion
TMGM stands out in the crowded field of online brokers by offering a robust trading environment, competitive conditions, and a strong focus on client satisfaction.
Whether you’re a beginner seeking educational resources or an experienced trader looking for advanced tools and low costs, the broker provides a comprehensive package that caters to a wide range of trading needs.
With its commitment to regulation and client safety, TMGM is a solid choice for those looking to navigate the global financial markets.
Visit website: www.tmgm.comUser Reviews
Video: Get started on the MT4 platform
Frequently Asked Questions (FAQ)
What types of accounts does it offer?
TMGM offers several account types to suit various trader needs, including Standard, Edge, and Islamic accounts. Each account type has its own set of conditions regarding spreads, leverage, and minimum deposits.
Is TMGM regulated?
Yes, the company is regulated by multiple authoritative bodies, including ASIC and CySEC, ensuring a secure trading environment for its clients.
Can I trade cryptocurrencies?
TMGM offers a limited range of cryptocurrencies for trading. While the selection may not be as extensive as some dedicated crypto platforms, it includes the most popular digital currencies.
What payment methods are accepted?
TMGM accepts a variety of payment methods including Visa, MasterCard, Bank Wire, Skrill, and Neteller. This ensures convenient and efficient fund transfers for clients.
Does it offer educational resources?
Yes, TMGM provides an extensive array of educational resources, including tutorials, webinars, and articles to help traders at all levels improve their trading skills and knowledge.
Are there any fees for depositing or withdrawing funds?
The broker does not charge any fees for depositing or withdrawing funds. However, it's important to note that some payment providers may impose their own fees.
How does TMGM handle inactive accounts?
The company applies a $10 inactivity fee to accounts that have not conducted any trading activity for 12 months. This fee is to encourage active trading and account maintenance.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: April 27, 2024