English

TMGM Forex broker specializes in providing foreign exchange trading services, the company's official website https://portal.tmgm...., the company's legitimate regulatory information AustraliaASICMarket Maker (MM), VanuatuVFSCRetail Forex License to enhance the security of the company's address Level 28, One International Tower 100 Barangaroo Avenue, 2000 Sydney NSW Australia

TMGM Forex Broker

Basic Information

Registered Region

Australia

Operating Period

Company Name

Trademax Australia Limited

Abbreviation

TMGM

Company employee

Customer Service Email Address

support@tmgm.com

Contact Number

+61280368388

Company Website

https://www.tmgm.com/

Company address

Level 28, One International Tower 100 Barangaroo Avenue, 2000 Sydney NSW Australia

Facebook

https://www.facebook.com/TMGMgroup

Keywords

10-15 years

Regulated in Australia

Regulated in Vanuatu

Market Maker (MM)

Retail Forex License

MT4 Full License

MT5 Full License

Self-developed

Regional Brokers

Company profile

Let's start here： TMGM appears to a respected forex broker, presenting access to 12,000 tradbale instruments spanning forex, CFDs and cryptocurrencies. Traders can enjoy competitive spreads across various instruments, exemplified by the EUR/USD currency pair with an average spread of around 0.1 pips. Besides, TMGM extends a diverse set of trading platforms, notably including MetaTrader 4 and MetaTrader 5. Morever, TMGM enriches the trading journey with rich educational resources and trading tools. Lastly, 24/7 multilingual customer support stands ready. However, the question remains: Does TMGM truly live up to its claims? Let's explore more.Quick TMGM Review Summary Founded2013HeadquartersSydney, AustraliaRegulationASIC, VFSC (Offshore)Market Instruments12,000, forex, indices, metals, energies, shares, cryptosDemo Account✅Islamic Account✅Account TypeStandard, ECN, ProMin Deposit$100LeverageUp to 1:1000EUR/USD SpreadFloating around 0.0 pipsTrading PlatformMT4/5, TMGM AppDeposit & Withdrawal Fee❌Customer Support24/7 live chatTel: +61 2 8036 8388Fax: +61 2 8036 8388Email: support@tmgm.comRegional RestrictionUSATMGM Information Founded in 2013 and headquartered in Sydney, Australia, TMGM is an online ECN/STP broker. Notably, in 2016, TMGM introduced its MetaTrader 5 platform. Subsequently, the company achieved FCA membership in the UK during 2017. The year 2019 witnessed the launch of TMGM's mobile trading app, further enhancing accessibility. By 2021, TMGM's reach expanded to encompass over 200 countries worldwide. Offering a diverse array of 12,000 trading instruments spanning forex, indices, metals, energies, shares, and cryptos, TMGM caters to traders through popular platforms including MT4 and MT5.Pros & ConsProsCons• ASIC regulation• No US clients accepted• Competitive spreads and low commissions• 12,000 trading instruments• MT4 and MT5 platforms offered• 24/7 multilingual cutsomer support• Multiple account types with flexible options• Rich educational resourcesIs TMGM Legit? TMGM, a regulated broker, holds authorization from the tier-one regulator ASIC. Additionally, TMGM's international operations are overseen by the VFSC in Vanuatu offshore. Now, let's quickly delve into TMGM's regulations and licenses, which will shed light on how the broker ensures compliance with industry standards and protects clients.Regulated Country Regulated AuthorityCurrent StatusRegulated Entity License Type License NumberASICRegulatedTRADEMAX AUSTRALIA LIMITEDMarket Making(MM)436416VFSCOffshore RegulatedTrademax Global LimitedRetail Forex License40356 Under the oversight of ASIC, a prominent tier-1 regulatory authority, TMGM's Australian branch known as TRADEMAX AUSTRALIA LIMITED operates with regulatory number 436416. This entity is licensed for Market Making (MM). As per the stringent rules set by ASIC, which is globally recognized, brokers must ensure the safety of clients' funds. Since TMGM claims to obtain the ASIC license, an investigation team from WikiFX visited the company's registered address in Australia. This visit, conducted in person, revealed that the company is operating smoothly and on a large scale. This direct observation by the investigator enhances our confidence in TMGM's legitimacy and highlights its strong and credible operations under ASIC's regulation. TMGM's international branch, Trademax Global Limited, operates under the offshore regulation and authorization ofVFSC, holding a license for retail forex activities.Market Instruments TMGM goes above and beyond by offering an impressive collection of 12,000 trading instruments, setting it apart as a broker with an exceptional range of options, covering 60+ currency pairs, indices, and stocks sourced from major global exchanges. Moreover, TMGM extends its offerings to include energies, as well as sought-after precious metals like gold and silver. Adding to the mix are energies such as oil and natural gas, not to mention a selection of 10 cryptocurrencies like Bitcoin, Ethereum, and Litecoin.Trading AssetsAvailableForex✔Indices✔Metals✔Energies✔Shares✔Cryptos✔Bonds❌Options❌ETFs❌Account Type TMGM offers three account types, including Standard, Pro, and ECN, with minimum deposit requirement of 100 USD. Islamic account and demo account are both avaiable for these three live account types.Account TypeStandard ProECNMin Deposit$100Min Lot Size0.01 lotMax Leverage1:1000Margin Call Level40%SpreadFrom 1.6 pipsFrom 0.7 pipsFrom 0.0 pipsCommission❌❌$7 for currency pairs, $5 for precious metalsEA✔Scalping✔News Trading✔Islamic Account✔Demo Account✔Leverage TMGM offers quite a high trading leverage up to 1:1000 on all account types. Here's a table comparing leverage provided by major industry players. Notably, TMGM offers relatively higher leverage, though it appears somewhat more cautious compared to the other three competitors. However, users should remember that high leverage is a two-edged tool with potential risks.BrokerMax Leverage1:10001:Unlimited1:20001:500Spreads & Commissions TMGM offers competitive spreads and commissions on their trading instruments. The exact spreads and commissions vary depending on the account type. Found detailed info in the table below:Account TypeStandard ProECNSpreadFrom 1.6 pipsFrom 0.7 pipsFrom 0.0 pipsCommission❌❌$7 for currency pairs, $5 for precious metals Generally, TMGM offers tight spreads on major forex pairs such as EUR/USD, with spreads as low as 0.0 pips. Commissions may be charged on some trading instruments, such as shares and futures. However, these commissions are generally competitive compared to other brokers in the industry.Trading Platforms TMGM offers popular trading platforms for their clients: MetaTrader4 (MT4), MetaTrader5 (MT5), and TMGM App.Trading PlatformSupported Available Devices Suitable for MT4✔iOS, Android, WindowsBeginnersMT5✔iOS, Android, WindowsExperienced tradersTMGM App✔Mobile, PC/Deposits & Withdrawals TMGM minimum deposit vs other brokersTMGMMost OtherMinimum Deposit$100$100 The minimum deposit and withdrawal amount is both $100. Depositing doesn't cost anything, but the time it takes and the currency options depend on your chosen payment method. Be aware, though, that some deposit methods like Union Pay, FasaPay, Visa, and MasterCard can't be used for withdrawals.Payment Options Currencies Min DepositMin Withdrawal FeesDeposit TimeWithdrawal TimeNZD, USD, AUD, EUR, CAD$100$100❌1-3 Working Day1 Working DayUSDInstantNZD/1 Working Day/USD$100Instant1 Working DayUSD, EUR, GBP, AUD, NZD, CAD1 Working DayCNY/Instant/$1001 Working DayUSD//USD, EUR, GBP, AUD, NZD, CAD3 Working DaysMYR, THB, IDR, VND$100InstantUSD, EUR, GBP, AUD, NZD, CAD/Customer Support TMGM offers 24/7 customer support through multiple channels including live chat, phone, email, and social media (YouTube, Twitter, Facebook, Instagram and LinkedIn).Contact ChannelsDetails 24/7 live chatTel: +612 8036 8388Email: support@tmgm.comSydney office, Melbourne Office, Adelaide Office, Canberra Office, Auckland Officehttps://www.facebook.com/TMGMgrouphttps://www.instagram.com/tmgmgroup/https://www.youtube.com/tmgmgrouphttps://x.com/TMGMgrouphttps://www.linkedin.com/company/tmgmgroupFrequently Asked Questions (FAQs) Is TMGM regulated? Yes. It is regulated by ASIC and VFSC (offshore). At TMGM, are there any regional restrictions for traders? Yes. Products and Services offered on their website are not intended for residents of the United States. Does TMGM offer demo accounts? Yes. Does TMGM offer the industry-standard MT4 & MT5? Yes. Both MT4 and MT5 are available. What is the minimum deposit for TMGM? The minimum initial deposit at TMGM to open an account is $100.

TMGM broker review

Is TMGM safe or scam

Rating Index

TMGM Swap Free

Minimum Deposit

$100

Edge

Minimum Deposit

$100

How to login to TMGM?

tmgm Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a tmgm Account Opening a trading account with TMGM (TradeMax Global Markets) is a straightforward process that allows you to access a wide range of financial instrum

TMGM Forex Broker - Complete Information Guide

1. Broker Overview

　　TMGM, or TradeMax Global Markets, was established in 2013 and is headquartered in Sydney, Australia. The broker operates under the ownership of TradeMax Australia Limited, which is a privately held company. Over the years, TMGM has expanded its services and now caters to a diverse clientele, including retail traders and institutional investors across over 200 countries.

　　Since its inception, TMGM has focused on providing a comprehensive trading environment for forex and CFD trading. The company has achieved significant milestones, including the launch of its proprietary trading platforms and the establishment of regional offices in New Zealand, Vanuatu, and other locations. TMGM's business model primarily revolves around retail forex trading, offering a range of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies.

　　The broker's commitment to innovation and client satisfaction has positioned it as a prominent player in the online trading space, particularly in the Asia-Pacific region. With a user-friendly interface and advanced trading tools, TMGM aims to empower traders and investors to make informed trading decisions.

2. Regulation and Compliance Information

　　TMGM is regulated by several reputable financial authorities, ensuring a secure trading environment for its clients. The primary regulatory bodies overseeing TMGM include:

Australian Securities and Investments Commission (ASIC) - License Number: 436416
Financial Markets Authority (FMA), New Zealand - License Number: 569807
Vanuatu Financial Services Commission (VFSC) - License Number: 40356
Financial Services Commission (FSC), Mauritius - License Number: GB 22201012

　　These regulations cover a broad scope, ensuring that TMGM adheres to strict compliance standards in its operations. Client funds are held in segregated accounts with National Australia Bank (NAB), which is a tier-1 bank, providing an additional layer of security. TMGM also participates in a professional indemnity insurance scheme, offering coverage of up to AUD 5 million per client, which enhances investor protection.

　　The company employs robust KYC (Know Your Customer) and AML (Anti-Money Laundering) measures to ensure compliance with regulatory standards and to protect against fraud and other illegal activities.

3. Trading Products and Services

　　TMGM offers a wide range of trading products, making it a versatile choice for traders. The broker provides access to:

Forex Pairs: With over 60 currency pairs, including major, minor, and exotic pairs, TMGM caters to a diverse range of forex trading strategies.
CFDs: The broker offers CFDs on various asset classes, including:
Indices: Access to major indices such as the S&P 500, NASDAQ, and FTSE 100.
Commodities: Trading options for gold, silver, crude oil, and natural gas.
Shares: More than 12,000 global stocks are available for trading through the Iress platform.
Cryptocurrencies: TMGM offers CFDs on popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

　　TMGM continuously updates its product offerings to meet the evolving needs of its clients. The broker also provides retail trading services and has introduced features such as copy trading and social trading, allowing traders to follow and replicate the strategies of successful investors.

4. Trading Platforms and Technology

　　TMGM supports several trading platforms to accommodate different trading preferences and styles:

MetaTrader 4 (MT4): Known for its user-friendly interface and comprehensive trading features, MT4 is widely used among forex traders. It offers advanced charting tools, technical indicators, and automated trading capabilities via Expert Advisors (EAs).
MetaTrader 5 (MT5): The successor to MT4, MT5 provides additional features such as more timeframes, order types, and an enhanced strategy tester. This platform is ideal for traders looking for advanced trading options.
Iress: This professional-grade trading platform is designed for stock trading and offers direct market access (DMA) for a wide range of shares. The Iress platform requires a higher minimum deposit of $5,000 but provides extensive market analysis tools.

　　TMGM operates on an ECN (Electronic Communication Network) model, ensuring fast order execution and deep liquidity. The broker's servers are strategically located to optimize trading speed and efficiency. Additionally, TMGM offers free VPS (Virtual Private Server) hosting for traders who meet specific trading volume criteria, enhancing the performance of automated trading strategies.

5. Account Types and Trading Conditions

　　TMGM offers several account types to cater to different trading needs:

Classic Account: This account has a minimum deposit of $100 and features spreads starting from 1.0 pips with no commission fees. It is suitable for beginner traders who prefer a straightforward trading experience.
Edge Account: Also requiring a minimum deposit of $100, this account offers tighter spreads starting from 0.0 pips but incurs a commission of $7 per round turn. This account is ideal for high-frequency traders and scalpers.
Iress Accounts: There are three types of Iress accounts (Standard, Premium, Gold) with minimum deposits ranging from $5,000 to $50,000. These accounts provide access to a broader range of CFD shares and come with different commission structures.

　　TMGM allows for a maximum leverage of up to 1:1000, depending on the regulatory jurisdiction. The minimum trade size is 0.01 lots, and the broker has a clear policy regarding overnight fees (swap rates) applied to positions held overnight.

6. Fund Management

　　TMGM supports a variety of deposit methods, ensuring convenience for clients:

Deposit Methods: Clients can deposit funds using bank transfers, credit/debit cards (Visa, Mastercard), and e-wallets (Skrill, Neteller, etc.). The minimum deposit requirement is $100 for most accounts, while Iress accounts require a minimum deposit of $5,000.
Deposit Processing Time: Deposits via credit cards and e-wallets are processed instantly, while bank transfers may take 1-3 business days.
Withdrawal Options: Withdrawals are primarily processed via bank wire transfer, with a processing time of 1-3 business days. TMGM does not charge fees for withdrawals, although clients may incur fees from their banks.
Inactivity Fees: TMGM charges an inactivity fee of $30 per month for accounts that remain inactive for more than six months or have a balance below $500.

7. Customer Support and Educational Resources

　　TMGM places a strong emphasis on customer support and education:

Support Channels: Clients can contact TMGM via live chat, email, and phone. The support team is available 24/5 and covers over 10 languages, including English, Chinese, and Spanish.
Educational Resources: TMGM provides a range of educational materials through its TMGM Academy, which includes articles, webinars, and market analysis to assist traders of all levels. However, the educational offerings are somewhat limited compared to some competitors.
Market Analysis Services: The broker offers daily market commentary and insights, helping traders stay informed about market trends and opportunities.

8. Regional Coverage and Restrictions

　　TMGM serves a global client base but has specific regional restrictions:

Primary Markets: TMGM primarily targets clients in Australia, New Zealand, and various countries across Asia and Europe.
Regional Offices: The broker has established offices in Sydney, Melbourne, Adelaide, and Canberra, as well as regional offices in New Zealand and Vanuatu.
Restricted Countries: TMGM does not accept clients from the United States and several other jurisdictions due to regulatory restrictions.

　　In summary, TMGM is a well-regarded broker that offers a diverse range of trading instruments, competitive conditions, and robust regulatory oversight. With its commitment to client protection and a user-friendly trading environment, TMGM positions itself as a strong choice for traders looking to navigate the financial markets.

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