TMGM Review – Online Platforms, Commission, Leverage, Account Types, Features & more

TMGM or the TradeMax Global Markets is a well-known Australian global forex broker that was founded in the year 2013.

The company has many branches throughout the country and is regulated and monitored by the Australian Securities and Investment Commission ASIC and the Vanuatu Financial Services Commission VFSC.

So, in this article, we would be discussing everything that is known about TMGM brokers. We will be discussing the features, pros and cons, benefits, and the various types of assets that the broker offers.

So, before opting for a trading account you must go through the entire article.

About TMGM & Accepted Countries

TMGM is known to allow traders from various parts of the world to open a trading account with them if their country of residence permits trading with international brokers.

However, on the official website of the company, they have specifically mentioned that they do not offer online trading services for any US residents.

Some of the exclusive features of the broker might not be available to the user in some specific countries due to legal restrictions.

The company also holds an Australian financial services license and is known to segregate the client funds from its own.

The predictive funds in their tire are one Australian Bank Westpac and the National Australia Bank.

The traders who have registered themselves with TMGM are allowed to trade on more than 15,000 plus financial CFD instruments that cover 7 asset classes that include forex, energies, cryptocurrencies, common metals, commodities, shares, and indices from the US, Hong Kong, and Australia.

TMGM is also known to provide various types of trading accounts that offer commission-free services.

The users can also enjoy free access to the MetaTrader 4, MetaTrader 5, and IRESS trading platforms that can be accessed directly from mobile browsers, computer browsers, and web browsers.

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TMGM Trading Platforms

The Trading Company has developed web trading platforms for all its users and clients. The trading platforms are intuitive and are quite user-friendly.

The company is known to provide MT4, MT5 trading platform features along with the IRESS and HubX trading platforms.

MetaTrader 4

It is one of the most popular and user-friendly trading platforms. The platform has exclusive tools to help analyze the financial market.

The platform is known to provide live price feeds along with technical charts, analytical tools and is also known to provide up-to-date financial news to let the users know the live-action on the market.

It is also known to provide MT4 features to all its users. Some of the exclusive features of the web platform are:

• MT4 execution mode and various types of trading orders
• One-click trading is available
• Over 30 indicators and 24 graphical objects for various technical analysis
• Real-time quotes in the market watch.

MetaTrader 5

• It is an update to the MT4 Trading Platform.
• Most of the features and functions of the previous trading platform are available along with some advanced functionalities.
• Advanced functionalities include DOM pricing, additional order types, and various chart time frames with a larger section of trading tools, multi-currency strategy tester, and many more.

IRESS

It is a web-based online trading platform that streams various market data across various product types and exchanges.

The trading platform utilizes its full market depth to provide enhanced in-house charting systems with live news updates and important information regarding the market.

HubX

It is a company-made web trading platform that was built from scratch by analyzing the data and ideas provided by the fund managers and their clients.

With its advanced futuristic functions, the trading platform helps the funding managers manage their client’s portfolios and also helps them monitor their risk functions efficiently.

The advanced portfolio management tools help the clients in full access to their investments in an easy manner.

TMGM Mobile App

The company is known to have one of the most advanced mobile trading applications that are provided by MetaTrader 4.

The application has been well designed and is quite user-friendly. This mobile trading application has been developed both for Android and iOS users.

The app can be downloaded from the official website of the trading company or the Apple App Store or the Google Play Store.

After downloading the trading application, you have to access the TradeMax global live 3 servers. Various languages are also supported by mobile applications.

You can directly view your routers, place orders, and cancel orders from the trading application itself. You can also set notifications and alerts on specific assets or trades.

Check out Mobile Apps of more Forex Brokers

TMGM Commission or Brokerage or Fees

The commission or the brokerage amount varies depending on the type of trading account that you are opting for.

The company provides various types of trading accounts for all its users.

For the TMGM edge account: the commission charges are 3.5 dollars ($7 for lot round turn)

For the TMGM classic account: There is no extra commission charge.

The company does not charge any extra amount for deposits or withdrawals thus the whole money would turn up into your account.

However, the company charges an inactivity fee of $30 if your trading account balance is below $500 or your account is inactive for the past 6 months.

TMGM Exposure or Leverage

The exposure or the leverage amount also depends on the type of account that you have opened with the company and the trading instrument that you are using.

• For the Edge account, the spread amount starts from zero pips with about $7 per round turn commission
• For the classic account, the spread charges are from one pip with zero commission.

The maximum leverage that TMGM provides is 1:500.

Payment Methods provided by TMGM

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Investment in Asset Classes or Markets by TMGM

• Even though TMGM is mainly a forex broker, other companies also provide the traders to invest in CFD and cryptos. The company allows its traders to invest in various asset classes that include:
• The company allows its clients to invest in currency trading, commodities trading, indices trading, stocks trading, cryptocurrency trading, and ETF trading.
• Company also allows the traders to invest in futures trading and the supported crypto coins are Bitcoin, Bitcoin-cash, Ethereum, Litecoin, Ripple.
• The number of currency pairs that can be traded in is 15,000, the number of cryptocurrencies is 50, the number of stocks in which the users can trade is 15,000.

The clients are allowed to trade in 12 indices, several commodities are 5 and the number of futures in which the users are allowed to trade is about five.

TMGM Virtual Trading or Demo Account

TMGM has developed a demo account or a virtual trading account In which the users can practice trading as long as possible.

Some of the exclusive features of the demo account are:

• A certain number of virtual currencies is provided to practice trading.
• The demo account has all the facilities and instruments of a real trading account.
• Traders are allowed to practice trading as long as possible in the demo account.
• The demo account can be accessed free of charge and any trader can create a demo account with the company.

The demo account is a must for all beginner-level traders as it helps them get accustomed to the trading environment.

This also helps them try out their trading strategies in a risk-free environment as no real money is involved.

TMGM Offers or Deals

The company usually does not provide any kind of referral bonus or promotional offers for the traders.

But at times so festivals are at seasonal times, you may visit the official website, and if you are lucky enough you might get some discounts on the commission or you might get a welcoming bonus.

Some of the exclusive offers that the company provides for all its traders are:

• TMGM provides free learning courses for all its clients. These education courses comprise video lessons and educational booklets that teach the traders everything about trading and the forex market.
• The company also provides a demo account with a certain number of virtual currencies for beginner-level traders to get accustomed to the trading environment and practice their trading strategies.
• The company also offers a specific discount on brokerage and also provides various flexible brokerage plans for different types of users.
• Some referral offers are also available and for more details, you have to visit the official website of the company.

TMGM Regulation or Licensing

The broker is regulated by two entities.

One governing body is the Australian Securities and Investments Commission ASIC.

The company is also known to hold an Australian Financial Services License under the name TradeMax Australia ltd.

The other governing body is the Vanuatu Financial Services Commission VFSC.

Find out Regulations & Licensing of more Forex Brokers

TMGM Features

Some of the exclusive features provided by the trading company are:

• The company provides an MT4 and MT5 trading platform for all clients.
• The trading platforms can be accessed from Windows and Mac.
• The trading platforms can be opened in a mobile web browser, computer web browser, and desktop browser.
• The company also has a mobile application that can be accessed from Android phones and iOS phones.
• Real-time updates and portfolio details can be viewed from the trading platforms and mobile trading applications.
• The traders can also view research reports and global indices.
• The personalized advisory is also available for all the accounts.
• Interactive charts and live market analysis can also be done.
• The company allows multiple account management and the supported languages are Chinese, English, French, Italian, Portuguese, Spanish, Thai, Vietnamese.

TMGM Account Types

Take a look at the types of accounts that the company is offering:

The company is known to mainly have two types of trading accounts one is the Edge account another is the Classic account.

Edge Account

• Raw spread available from 0.0 pips
• 5 dollars (7.0 dollars turn) is the min Commission
• Min deposit is $100
• Minimum lot sizes 0.01 lot
• Maximum leverage is 1:500
• Free funding and ECN execution
• EA is available and an Islamic account is available
• Hedging Is allowed

Classic Account

Variable spread available from 1.0 pips

• No commission is charged
• The minimum deposit is $100
• Minimum lot sizes 0.01 lot
• Maximum leverage is 1:500
• Free funding and ECN execution
• EA is available and hedging is allowed

Some other available accounts are

Islamic Account

These accounts follow Sharia law and are available for clients on request. These are phones are swap-free and are suitable for Muslim clients.

This account was solely created for the clients who cannot receive or pay the interest due to their religious beliefs.

TMGM Trading Account Features

Check below all the trading account features under various account types:

TMGM – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

TMGM Benefits

Some of the exclusive benefits of the trading company are:

• Low Forex fee
• The account opening process is quite easy and fast
• No charges on deposit or withdrawal
• Strict regulation.
• MetaTrader 4, MetaTrader 5, Iress, and HubX platform is available
• Over 15,000 trading instruments and tides spread start from zero pips
• Low fee and over 10 free funding options
• Fast trade execution and Free VPS.
• MAMM service and swap-free Islamic account
• 24×5 customer support is available

TMGM Cons or Drawbacks

Some of the Drawbacks of the company are:

• Quite limited trader research and educational resources.
• Slim product portfolio
• The company does not provide any negative balance protection
• Does not accept US clients due to regulations.

TMGM Trading Hours

Since it is an online broker, the trading services are usually available throughout the entire working day, that is it is available 24×5.

TMGM Customer Care or Contact Details

The company has experts and supervisors who would be helping you throughout the entire trading process. So, for any queries, you can contact the customer care of the company.

Some of the ways by which you can conduct customer care are:

• Phone number and fax number: You can call +612-8036-838.
• For email support: support@tmgm.com
• You can also contact the live support feature which is available on the website, trading platform, and mobile trading application.
• The customer support is available 24 by 5 and you can clear out any queries.

TMGM Safety & Security

• The company promises complete transparency and also provides security to all the customer funds.
• The personal details of the traders are encrypted by the company
• Company funds and the client funds are kept separate
• The company holds funds with tire 1 Australian banks Westpac and the National Australia Bank
• The company safeguards all its liabilities with Civil Liability Insurance
• It also holds external audits.

TMGM Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

TMGM Forex Trading – Conclusion or Verdict

The company’s forex fee and commission are quite low and the account opening process is quite fast and easy.

You can easily deposit and withdraw without spending any amount and the process is safe and user-friendly.

TMGM is a regulated ECN broker that promises to provide one of the best forex and CFD services to retail traders and other professional institutes.

They provide a wide range of instruments and also provide one of the safest and most advanced trading platforms along with the mobile trading app.

As it is regulated by multiple government bodies and jurisdictions it is a safe choice for traders.

TMGM Forex Trading-FAQs

Here is the list of FAQs related to the TMGM Forex Trading:

Is TMGM safe for Trading?

Yes, the trading company is completely safe for trading as it is regulated by two governing bodies that are the ASIC and VFSC.

Also, the client funds are separated from the company main funds thus complete protection is there.

What is the Commission for TMGM?

The commission charge depends on the type of trading account which you are opting for.

The company provides two types of trading accounts:

For the TMGM edge account, the commission charges are 3.5 dollars ($7 for lot round turn) and for the TMGM classic account, there is no extra commission Charge.

How to Open a Trading Account with TMGM?

The opening of a trading account is quite easy and fast. Firstly you need to visit the official website of the company and then click on open an account.

On this page, you have to fill up the necessary details and click on submit and wait for the verification prompt.

After successful verification, you will get the login credentials in your email address.

Can I invest in Cryptocurrency with TMGM?

Yes, You can directly invest in cryptocurrencies with the trading company.

All you have to do is open a trading account and then start investing in cryptocurrency.

What leverage does TMGM provide?

The leverage amount varies depending on the type of trading account which you are selecting. The leverage amount is usually 1:500.

Does TMGM have a trading app?

The company has developed a trading application both for Android and iOS users.

This app can be directly downloaded from the QR link on the official website or you can directly download it from Google Play Store or Apple app store.

The app has all the necessary features of the MT4 trading platform, all the charting, and trading instruments, and also has the live chat feature.

How to contact TMGM customer care?

The company provides various methods to contact customer care directly.

You can directly call customer care or you can email them at the registered email link.

You can also use the live chat feature which is available on the website, trading platform, and mobile trading application.

Is TMGM Regulated?

Yes, the company is regulated and monitored by two government bodies that protect the user from any kinds of thoughts.

One is the ASIC and the other is the VFSC.

Is TMGM good for Beginners?

The company provides enough educational materials that include educational videos, books, and video sessions that help the beginner understand the trading process.

The company has also developed a demo account or a virtual account that has virtual currencies.

The traders can use these virtual currencies to practice trading as long as they want and they can also try Various trading strategies.

Who founded TMGM?

TMGM was founded by Lee Yu in 2013 and the headquarters are in Australia.

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