TMGM Demo Account – Opening Process, Charges, Features, Benefits and moreLast Updated Date: Apr 29, 2022
Chec out all details about TMGM Demo Account or Virtual Trading Platform here.
TMGM or Trademax Global Markets is a well-known ECN broker that is based in Australia and was established in 2013.
The company is authorized and monitored by various governing bodies that include the Australian Securities and Investment Commission, Financial Markets Authority New Zealand, and the Vanuatu Financial Services Commission.
In this article, we would be discussing the demo account developed by TMGM.
TMGM Demo Account
TMGM also holds a special license called the Australian Financial Services License which allows the company to separate the client fund from the company funds.
The client funds are stored in tier 1 National Australian Bank Accounts so to provide the ultimate protection.
Whenever you are trading with TMGM, you are allowed to trade in multiple assets that include Forex trading and 15000+ financial CFD instruments on various elements that include metals, energies, indices, crypto, commodities, stocks, and shares.
The traders can trade on these various instruments via the trading platforms the company provides like the MetaTrader 4, MetaTrader 5, HubX platform, and IRESS trading platforms.
These trading platforms can be accessed from various places like desktops, the web, and mobile.
In this article, we would be covering everything that is known about the demo.
So, what is a demo? A demo account or a virtual account is a virtual space where beginner-level traders or any trader can practice trading and various strategies in a risk-free environment without losing any funds.
TMGM has developed such a Demo Account for all the traders who want to learn more about the market I’m getting involved in the trading process.
The company has added a certain amount of virtual currencies or dummy money in this demo account so to practice trading on various assets.
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All the services and instruments that are available on the main trading account are also available on the demo account provided by the company.
The best point of this virtual account is that there is no chance of losing any money.
In other words, the user gets to learn about the market, trading conditions, trading process, products instruments, CFD instruments, and the use of funds.
The TMGM Demo Account also helps the traders experiment with various trading strategies and helps them learn about their weak points.
The demo account can be accessed from the trading platform or the mobile trading application developed by the company.
The traders who have opted for the demo account will have unlimited access and control over the virtual trading space and the virtual trading terminal and all the features and software that are linked with them.
Open Demo Account Now! – Zero Commission on Trades
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TMGM Demo Account Features
TMGM demo account has some premium features which have been exclusively developed keeping in mind the necessities and the needs of different types of traders.
So now you have learned about the demo account and here we would be discussing the features that the demo account provides.
As you have learned by now, the virtual account is a replica of the original trading account that the company provides.
Some of the premium and exclusive features of the TMGM demo account are:
- The traders will have exclusive access to various marketing tools, market analysis software, understanding of the forex, placing of orders, and canceling orders.
- All the original software that is available in the main account is also available in the demo account on a trial basis. The users have a chance to get accustomed to the trading tools.
- All the premium tools that are available in the MetaTrader 4 and MetaTrader 5 trading platforms can also be accessed from the demo account.
- The demo account can be customized and has a friendly interface. You can take videos on this, time frames, and various other things in the demo account.
- The amount of the virtual currency or dummy money can be increased upon request.
- You can reset the number of virtual currencies at any time.
- No extra charge is charged by the company for the demo.
TMGM Demo Account Charges
|Demo Account Details|
A demo account is an exclusive tool that some popular companies provide to users to practice out various trading practices.
So, some companies charge a specific amount or a commission for the demo account.
This commission is charged as a joining fee or a security fee for providing such an exclusive feature.
However, TMGM has a different approach.
The firm does not charge any extra amount for providing this virtual account for the users.
This means that all the premium tools and exclusive features can be used and tried out free of cost.
The demo account is actually like a simulation where the traders can practice different strategies, use different tools and also reset all the activities whenever necessary to start fresh.
After registration for the demo account, a certain number of virtual currencies or dummy money would be credited to your demo account.
Remember that these virtual currencies are not real money and cannot be transferred to your real account.
You can use these virtual currencies to place orders in this virtual trading environment.
The number of virtual currencies is usually fixed but upon request to the authorities, it can be increased.
After you finish practicing in the demo account, you start trading with the real account.
In this case, some extra charges like trading fees, deposit charges, and various other charges would be valid.
How to open TMGM Demo Account?
The demo account is a necessary feature or tool that all beginner-level traders must try out before stepping out in the real market.
So, to use the demo account you need to learn the process of opening the account.
So, the important steps that are required to open a demo account with TMGM have been mentioned below. Follow the steps carefully.
- Open the official site of the company, click on the demo account tab and then click on open a demo account.
- You will be redirected to an application page head you need to fill out some important details which are necessary for the identification and verification purpose. Remember to fill in the important and correct details.
- after submission, an executive from TMGM would contact you over email or phone for the KYC process.
- This KYC process is quite similar to the one used in banks. In this KYC process, you need to verify your identity by providing a scanned copy of a government-authorized identity card.
- Now, as the verification process is done, you will see your user ID and password on your screen and the details will be sent to your email address.
- You can easily download a trading platform from the official website and login into the demo account.
- After logging in, dummy money would be added and you can practice trading and get to learn more about the market.
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Advantages of TMGM Virtual Trading Platform
- Some of the exclusive advantages and benefits of the TMGM virtual trading platform are:
- The traders can use the virtual currencies or dummy money available in the demo account to enjoy various trading features and try out various tools.
- All premium features and tools and instruments are available free of charge as no cost is involved with the demo account
- You get to learn everything about the market and the live trading account as the demo account is a replica
- Full access to the training terminals and mobile trading application is available
- Customize indicators, instruments and charts are also available
- You can create your strategies or copy popular user’s trading strategies
- No money is lost as no actual money is involved
TMGM Demo Account – Conclusion
If you read the entire article thoroughly, then you will understand that all the important information about the TMGM demo account has been provided.
All the exclusive tools, trading features, charges, the process of opening a demo account have been mentioned in detail.
TMGM is widely popular among beginner-level traders as they provide exceptional trading conditions that include tighter spread charges, lower key, faster execution speeds, deep liquidity, and various other benefits. The minimum amount required for trading is about $100.
The company has developed two types of trading account, one is the Edge account which allows the user to trade with a $7 per round turn commission, and the Classic account where commission-free trading services are available which spread the amount up to 1 pip.
For the ECN account, the maximum leverage that can be offered is up to 1:500.
The company also provides customer service in various languages 24×5 to support all the customers from different parts of the globe.
Customer service is available in the form of live chat, email, and telephone.
TMGM has also developed an advanced demo account or a virtual account so that the users can practice trading and get to learn more about the market.
Now you can decide for yourself whether you want to open a TMGM virtual account or not.
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TMGM Virtual Trading Account – FAQs
Here is the list of FAQs related to the TMGM Demo account:
Does TMGM provide Demo a/c?
TMGM has developed a virtual account or a demo account for all the traders who wish to practice out trading. and get to learn more about the market.
Only the users who have registered with TMGM are allowed to use the demo account.
How to Set up a TMGM Demo Account?
To set up the demo account you have to visit the official website, click on the open and trading account, fill out the application page, verify your identity by KYC and your demo account will be opened.
Is TMGM Virtual Trading Platform Free?
The use and access to the virtual trading platform provided by TMGM are completely free.
This simply means that no extra charge or commission is levied whenever you use the platform to practice trading.
What are the Fees of the TMGM Demo Account?
No extra fees or commission charges are required whenever you use the demo account feature.
This simply means that any trader registered with the company can try out all the premium features in the demo account.
Is AMC levied on TMGM Virtual Trading Platform?
No account maintenance charge or AMC is required whenever you are using the virtual trading platform.
All the premium features and tools can be easily used without any extra charges.
Is TMGM Demo Account the best?
TMGM demo account is considered to be one of the best and safest as the company does not charge any extra amount for using the premium features.
Also, virtual currencies are provided helping the traders understand the trading process.
What Documents are required for a TMGM Demo Account?
Some necessary documents include a passport size photograph, a government-authorized identity card, and a PAN card.
Does TMGM Charge a Demo Account Opening Fee?
No opening fee or deposit money or security deposit is required to open the demo account.
All the premium features have been loaded into the demo account and can be used free of charge.
How much Virtual Money do you get in TMGM Demo Account?
Virtual money or dummy money will be available in your demo account once you complete the registration process.
You can decide the currency in which you want to start trading.
Open Demo Account Now! – Zero Commission on Trades
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