Trading has always been fascinating for traders or investors who feel the market is a great chance to make money. But as the markets are volatile, traders need an intermediary for successful and smooth trading.
Active traders can rely on the reviews of the brokers to understand their operations in the market. This gives traders an idea of the forex brokers and their pros and cons.
Here, we have the TMGM review describing its services and invest the money in the correct instruments with the best trading platforms.
What is TMGM?
TMGM is a financial broker that stands for Trademax Global Markets. The forex broker is based in Australia and was founded in 2013. Since then, the broker has grown with the advancement of technology, providing traders with many services.
The broker has CEO Lee Yu, who works on the CFD trading platform of the TMGM. It is rising in the global market and has multi-year sponsorship of the Australian Open Tennis tournament of 2021.
Is TMGM Legit?
TMGM operates under the brand name of Trademax Global Markets Limited and has several regulations to make it a secure trading place. The various jurisdictions make it a safe environment for the clients.
Different bodies regulate various brands of TMGM. The Trademax Australia Limited is regulated by the Australian Securities and Investments Commission (ASIC). It has proper trading registration with the number AFSL no. 436416.
Another regulatory body that works to make TMGM a secure trading place is Financial Markets Authority FMA. It looks after the operations of the Trademax Global Markets (NZ) and has registration number FSP No. 569807.
The Vanuatu Financial Services Commission is the trading authority of TMGM. The registration number is 40356.
TMGM is a legit broker to invest, with three authorised bodies to make trading secure for traders. Traders can have the following security features with regulatory bodies:
- External audits
- Diversifying trading services
- Financial reporting
- Protecting customers
- Segregated funds
- Encryption
- Negative balance protection
TMGM Trading Instruments
TMGM review not only gives an overview of the broker but helps traders decide on their trading markets and instruments. Here, we have the trading markets and their instruments that they can invest in and make good money from.
TMGM has a range of markets:
- Forex
- Shares
- Precious Metals
- Energies
- Cryptocurrencies
- Indices
- Indices CFD dividends
- Shares CFD dividends
The trading instruments in each of these markets are different, and traders can decide their product of investment. The forex market has 50 currency pairs to trade, Indices have 15+ global indices, and shares available for trade are 12000 plus.
While the precious metals for trade are gold, silver, and platinum. Traders can even go for energies such as natural gas and cryptocurrencies to invest.
Trading Accounts at TMGM
TMGM has the best facility offered for the traders that they can use to invest in the market and have a smooth trading experience. TMGM review gives a brief analysis of the accounts offered to help traders decide the one that suits their needs.
TMGM has consolidated its world class trading into two significant accounts to match the trader’s style of investment.
Edge Accounts
The TMGM edge account is the basic trading account designed for the traders to make the best use of their trading capabilities. Beginners of the trade can choose the account to invest in the market, learn and have great investments.
Trading accounts have a range of services that suits the trade of beginners and experts. They can use them to make investments with various trading strategies, tools, and other facilities. The account has a minimum deposit of $100, an Islamic account, free funding, and many advance services.
Traders can enjoy the following services with an Edge account:
- Trading platforms MT4 and MT5
- Spreads from 0.0 pips (Raw spreads)
- Commission $3.5 per lot
- Minimum lot size 0.01
- The maximum permitted leverage is 1:500
- Free funding base currencies are waived
- Free withdrawal fees
- Stop-out 40%
- Expert advisors
- Scalping
- Hedging
- News trading allowed
- Swap-free account
- No minimum stop loss distance
- ECN execution type
- Range of markets
- Demo account
TMGM Classic Account
Another trading account at TMGM is a classic account that has amazing features to support trade. TMGM review has covered all the aspects of the trading account to help traders know what benefits they can ensure.
Classic account features include the best trading platforms, MT4 and MT5, with a low minimum deposit and other services. The basic difference between a classic account and an edge account is the spreads they offer.
However, both the trading accounts have features that make them a good choice for investment.
Traders with a classic account can have the given services:
- Minimum deposit of $100
- Demo account
- Minimum lot size 0.01
- The maximum permitted leverage is 1:500
- ECN execution type
- Trading platforms
- Free funding
- Expert advisors
- Islamic account
- Hedging
- Spreads from 1.0 pips (Variable)
- Zero commission
- Free withdrawals
- Stop-out at 40%
- Scalping
- News trading
- Swap free account
- No minimum stop distance
- Available markets
With these two trading accounts and the best trading platform, traders can easily invest their funds. Accessibility is easier, swap free accounts, traders can even have CFD trading, low minimum deposit, and retail traders or any other can invest with the smooth services of TMGM.
How to Open an Account?
To open an account with the trading platform of TMGM, traders have to follow a simple procedure. As the TMGM review has already mentioned that the broker has various authorities like Australian securities, etc., to manage secure investing, the account opening is also simple.
Below is the step-by-step process of account opening, and traders can even know with the TMGM review how a demo account could be accessed.
- The initial step is to visit the website of the broker TMGM and click on the open an account option. This will lead the trader to a new window that asks for certain information to register the trader.
- Once the trader is registered, they fill in the information form with details such as income source, past trade knowledge, tax payments, etc. This helps brokers to guide traders with the best possible services.
- The third step is to upload documents for verification and verify themselves to access the tools and features of the broker.
- Traders can choose the account that suits their market trading goals with the trading platform, CFD trading, and other options to trade easily.
- They can access an account or go for a demo account to practise trading before making real investments. This helps them have accounts that offer virtual funds to invest in and know the market investments.
- In the next step, traders make minimum deposits and trade in the market. So, traders can easily open their accounts and have a range of markets like forex trading or other and even have CFD trading.
Trading Services at TMGM Broker
TMGM review has taken into consideration all the aspects of the market with the finest tools for traders to invest. Clients of TMGM brokers can have the following services to make their investment worth a trade:
Trading Platforms
The trading platform provided by TMGM is the two most important trading platforms of the TMGM account. The trading platforms TMGM are tailor made for professional traders and novice traders.
They can open their account type to have direct market access. The trading platform provides traders with many tools and indicators to make a prediction of trade easy. The trading platform provided for TMGM traders is MetaTrader4, MetaTrader5, and the Mobile trading platform.
MetaTrader4 (MT4)
Retail investor accounts or professional trader accounts can have MT4 to invest in the market. The trading platform has many great tools and indicators to invest in the market and predict the changes in trading.
MetaTrader4 is the first trading platform that became popular in the market. It is a user-friendly trading platform with several services. In addition, its customisable features make it a good trading platform.
The features of MetaTrader4 include:
- Expert advisors
- Backtesting trading strategies
- Connectivity
- NY4 and TY3 data centres
- Real time trading
- Time frames
MetaTrader5 (MT5)
MetaTrader5 is the updated version of the MetaTrader4 and has the best services to help traders predict market fluctuations. It is a trading platform that has all the services that traders can use to forecast.
It has the following services available for traders:
- Automated trading
- Account manager
- Margin trading
- Complex instruments
- TMGM offers
- Expert advisors
- Real time trading
- Time frames
- TMGM academy
Mobile Trading Platform
The mobile trading platform is the advanced service of a TMGM broker that connects the traders easily with the market. It helps traders trade CFDs and other instruments with the tools and indicators. It makes it easier for traders to invest in the market and use all the services with mobile.
Thus, an advanced trading platform that makes account type, secure trade environment, and other services in traders’ hands. They can have the following services with this trading platform:
- Real-time trade
- TMGM academy
- Investment advise with expert advisors
- Indicators and tools
- Technical analysis
- Trading assets
- Customizable
- Time frames
Spreads
Spreads is the charge that the Trademax Global broker applies for the services and trading facilities it provides to the clients. The spreads begin with different charges for the accounts offered.
TMGM edge account spreads start with 0.0 pips, while the classic account spreads start with 1.0 pips. Traders can choose the account that they find feasible and find spreads low.
Leverage
Leverage is the loan that a broker offers to the traders to open high market positions. Traders can use the leverage ratio to invest in the market and make the best use of the services offered. The broker provides a leverage ratio of 1:500 for the traders.
They can use the leverage to invest in the market and make the best use of the opportunities.
Education and Research Tools
TMGM has an education and research tools facility for the clients to trade in the markets with proper information and skills. There is a TMGM academy for improving the knowledge of the traders and investing with great understanding.
Research is a necessity for trade; without these tools, traders won’t be able to analyse the market conditions and use the trading platform properly. The tools available for traders are:
- HUBx
- Trading calendar
- Market sentiment tool
- Forex VPS
- Trading central
- Traders terminology
Pros and Cons
TMGM review has discussed in detail the broker and its services, but to have a brief and quick overview here, we have the pros and cons of the broker. These pros and cons will help the trader know the broker and invest.
Pros:
- European and UK regulators
- Account type
- Tools and indicators
- Major forex pairs
- TMGM’s demo accounts
- Low minimum deposit
- Range of markets
- Margin trading platform
- Minor forex pairs
- Trading platforms
Cons:
- Limited tools
- Inactivity fee
Conclusion
TMGM review has explained in-depth the services and offers of the broker Trademax global limited. The broker is advanced with all the services like Investby and Capitalix brokers.
It has trading platforms, secure trading tools, various trading markets, forex trading and CFDs, and other services.
These all make the trade more comfortable for the traders, and they are able to trade complex instruments easily with the trading platforms. However, traders can check with the broker on its website before investing.
