TMGM Account Type

TMGM (TradeMax Global Limited) offers several account types tailored to different trading preferences and strategies. The primary account types available are:

• Edge Account
• Minimum Deposit: $100
• Spreads: From 0.0 pips
• Commission: $3.5 per side ($7 round turn)
• Maximum Leverage: 1:500
• Execution Type: ECN
• Suitable for: Traders seeking low-cost trading with tight spreads.
• Classic Account
• Minimum Deposit: $100
• Spreads: Starting from 1.0 pips
• Commission: None
• Maximum Leverage: 1:500
• Execution Type: STP
• Suitable for: Traditional traders who prefer simplicity in fees.
• Standard Account
• Minimum Deposit: $1,000
• Spreads: Starting from 1.6 pips
• Commission: None
• Maximum Leverage: 1:400
• Execution Type: STP
• Suitable for: General traders, though the Classic Account is recommended over this.
• Premium Account
• Minimum Deposit: $50,000
• Spreads: Narrower than Classic and Standard
• Commission: None
• Maximum Leverage: 1:400
• Execution Type: STP
• Suitable for: Traders with sufficient capital looking for lower transaction costs.
• Pro Account
• Minimum Deposit: $100,000
• Spreads: Starting from 0.7 pips
• Commission: None
• Maximum Leverage: 1:200
• Execution Type: STP
• Suitable for: Advanced traders who trade large lots and require VIP support.
• Raw Spread Account
• Minimum Deposit: $100,000
• Spreads: From 0.0 pips
• Commission: $7 per lot round turn
• Maximum Leverage: 1:200
• Execution Type: ECN
• Suitable for: Advanced traders seeking the lowest spreads.

All accounts allow for automated trading, support Expert Advisors (EAs), and are compliant with Islamic finance principles through swap-free options.

TMGM Broker Account Opening Process

Opening an account with TMGM is a straightforward process that can be completed in a few simple steps:

• Visit the TMGM Website
• Go to the official TMGM website and click on “Get Started” or “Start Trading”.
• Register Personal Information
• Fill in your personal details such as name, email address, phone number, and country of residence.
• Select Account Type
• Choose your preferred account type (Edge or Classic), base currency (USD, EUR, GBP, AUD, NZD), and leverage.
• Upload Documents for Verification
• Submit proof of identity (valid passport or government-issued ID) and proof of residence (bank statement or utility bill dated within the last 90 days).
• Account Confirmation
• After submission, TMGM will process your application, which typically takes a few hours. You will receive an email notification once your account is ready.
• Fund Your Account
• Deposit a minimum of $100 to start trading. TMGM offers various funding methods, including bank transfers and e-wallets.
• Start Trading
• Once your account is funded and verified, you can log in to your trading platform (MT4 or MT5) and begin trading.

This process ensures that all accounts are compliant with regulatory requirements and provides a secure trading environment for clients.