By Nathan Ferguson
TMGM Review
TMGM is an Australian-based forex and CFDs brokerage registered by the Australian Securities and Investments Commission (ASIC). TMGM is a multi-jurisdictional trading platform that offers a tailored trading experience, as well as access to world-recognized platforms and over 15,000 tradable assets. In this TMGM review, we will cover the key features of this broker.
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TMGM firm offers a great trading experience and offers both computer and mobile application trading for android and Ios devices. TMGM is presently governed by 2 financial authorities: ASIC, and VFSC. Let’s have a look at what this broker offers.
Types of Account
It is simple to trade with TMGM. Traders can register for one of two trading accounts: Edge or Classic. Both options provide access to the free demo account that includes the same basic features:
The commission-based structure of the Edge and Classic accounts is the most significant distinction. Edge account holders pay a $7 commission each trade, with spreads starting at 0.0 pips. The Classic account, as a result, is commission-free and has variable spreads starting at 1.0 pips.
Hedging, Islamic accounts, leveraging up to 1 into 500, a minimum lot trading size of 0.01 lot and a minimum of 100 USD are all supported by the Edge and Classic accounts.
Because each option has its own set of advantages and disadvantages, TMGM offers a useful account trading allocation tool in the form of a brief questionnaire on their website. This is for traders who are unsure about which account is most suitable for their trading strategy.
Costs and Fees
The minimum deposit amount for TMGM traders is $100. All money is fully protected in Tier 1 financial institutions when they are deposited. Wire Transfers, Visa, MasterCard, Neteller, UnionPay, AliPay, FasaPay, and SticPay, are just a few of the payment options available. Traders should be aware that TMGM does not charge fees for withdrawals or deposits.
Trading Platform
MT4 and MT5 are supported by TradeMax Global Markets. iRESS, the company’s proprietary trading platform, is also available to clients.
Both the MT4 and MT5 platforms, which are considered industry standards, are suited for automated and discretionary traders. Investors can trade with TMGM from any web device because of its versatility.
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TMGM also offers a free demo account to help users get acquainted with the various trading platforms. The platform of TMGM is available in English, Chinese, Spanish, and Vietnamese. According to their support, they will have additional languages implemented.
Trading Instruments
Up to TMGM covers approximately 15,000 trading instruments across the asset types listed below:
Forex, Indices of Stocks, Soft Commodities, Energy, Precious Metals and Cryptocurrencies. The MT4 platform can be used to trade cryptocurrencies. To trade cryptos, traders do not need to use a digital wallet.
Tools
Over a hundred powerful technical signals, Expert Advisors, and versatile trading tools are available to traders. TMGM’s Risk Valuation Score is utilized by all TMGM clients to rank each trading instrument. This is a useful tool for quickly assessing the investment risk of a trading instrument.
Over 40 expertly prepared trading portfolios and briefings, which break down-trending industrial categories and more, are available to users.
Educational Assistance
TradeMax Global Markets offers easy trading insights as well as trading training for their platform. This covers the fundamentals of CFDs, how to buy and sell currency, and how to use the MT4 platform, among other subjects.
Customer Service
TradeMax Global Markets has a robust customer care team that is always available when you require them. To approach the professional customer care team of TMGM, you can email them or call them.
TMGM’s email address is [email protected]. You can contact them anytime between Monday to Friday.
Conclusion
TradeMax Global Markets offers a robust and flexible trading platform that is suitable for both beginners and expert traders. With accessibility to over 15,000 trading assets, coverage up to 2.5 million AUD, and access to 7 financial markets, TMGM is a safe option for traders.
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