TMGM Review 2021 – Pros and Cons Unwrapped

Editorial Team
tmgm-review-2021

TMGM is a digital broker providing forex and CFD to individual retailers and specialist institutions. They provide customers with advanced Meta Trader 4, Meta Trader 5, Iress and Hub X trading systems to exchange various tradable resources such as forex asset classes, commodities, indexes, metals, energies, blockchain and stocks.

The broker applies the ECN execution model and provides a leverage of up to 1:500. They have an extremely knowledgeable and autonomous technical staff and deliver a variety of various types of accounts to satisfy the specific requirements of the investor and a minimum deposit of $100. In this detailed review, we will be going through some of the most important aspects of TMGM to help you determine if this is the right trading platform for you or not.

TMGM – COMPLIANCE AND REGULATION:

Trade max Global Limited, investing as TMGM, is a monetary solutions company and is controlled by the Vanuatu Financial Services Commission (VFSC) with registration number 40356. Trade max Australia Pty Ltd, operating as TMGM, is approved by the Australian Security and Investment Commission (ASIC) with the Australian Financial Services Authorization 436416. TMGM holds customer funds in a consolidated customer trust fund and is rigidly distinct from corporate assets.

TMGM enables businesses and individuals from various corners of the globe to set up an account with them and if their country of residence permits online marketplace with global brokers. That being said, they state clearly on their homepage that they are not offering their electronic trading facilities to united states citizens. Some of the TMGM dealer functionalities and goods described in this TMGM analysis may not be accessible to merchants from particular nations subject to regulatory limitations.

TMGM – TRADING PLATFORM:

MT4 is among the most commonly traded solutions on the market. The MT4 platform is packed with services to help analyse the stock system. It giving access to real-time cost streams, analytical graphs, research methods and up-to-date economic media to make sure investors are aware of the situation in the industry at all moments. TMGM does provide the MT4 brokerage account for the following versions:

1.    META TRADER 4 DESKTOP PLATFORM:

It’s a computer program for Desktop machines. It presents a holistic and user-friendly functionality with a wide range of configurable graphs and myriads of technical analysis. MT4 Windows gives users access to the company situation and other account details.

2.    META TRADER 4 WEB PLATFORM:

 The Meta Trader 4 web platform enables you to exchange immediately through all those major web browsers without any need for extra support to be downloaded or installed. You can enter the internet framework by registering to the trader’s customer portal. Some characteristics of the MT4 Web platform involve:

  • All kinds of exchange orders and implementation modes of MT4
  • One-Click Trade
  • 30 metrics and 24 visual items for technical analysis.
  • Real-Time quote

3.    META TRADER 4 MOBILE PLATFORM:

Customers can exchange from almost anywhere and at any time using the TMGM MT4 platform’s smartphone website, which is compliant with iPhone/iPad and Android phones. The following characteristics are included in the smartphone app:

  • You have complete control over your trading accounts.
  • If there is an internet service, it can be accessed from everywhere.
  • Kinds and modes of execution in their entirety
  • More than 50 metrics and analysis techniques are included in the charting timelines.

4.    META TRADER 5:

Meta Trader 5 (MT5) is the platform that replaces Meta Trader 4. It has a lot of the same characteristics and functions as its ancestor, but it has a few more sophisticated ones. This involves DOM positioning, more order forms and chart timelines, a wider variety of tools available, a multi-currency technique reviewer, and much more.

5.    IRESS:

Iress Trader is a web-based electronic exchange that broadcasts market data through various commodity categories and exchanges in real-time. Iress Trader offers everything that you need to hold your advantage in the marketplace by incorporating full market scope, and improved in-house charting framework and current affairs flow.

6.    HUB X:

HUB x is a custom framework designed by TMGM exclusively for investment managers and their customers. It lets investment managers handle their customers and risk ratios more effectively and conveniently due to its cutting-edge revolutionary functions. Its sophisticated portfolio adjustment capabilities make it quick and intuitive for clients to take complete ownership of their finances.

TMGM – TRADING TOOLS:

1.    FREE VPS:

Traders can use VPS (Virtual Private Server) networking to manage their trading sites and specialist advisors 24 hours a day, seven days a week. The service is open to experienced traders who fulfil the broker’s minimum standards. You can also use the MAMM service if you become a money manager. HUB x provides its customers access to sophisticated fund management controls. Customers can effectively track and control their positions, as well as change their risk assignments, regularly.

2.    DEDICATED ACCOUNT MANAGER:

Clients can connect with their dedicated account managers through their favourite technique: face to face, over the internet, email messages, or some other chat app.

3.    VIP DESK:

The VIP Desk assists traders in customising their trading accounts to suit their particular needs; if it’s unique pairs or separate liquidity suppliers, the VIP Desk has a solution for you.

TMGM ACCOUNT AND CHARGES:

TMGM has both an edge and a conventional profile. The minimum payment is $100, and there is an adjustable leverage option of up to 1:500. One account does not charge a fee but has broader spreads, whereas the other charges a $7 per round turning commission but has smaller spreads. ECN execution is available on all accounts, with a minimum lot size of 0.01. Demo trading profiles, which allow you to practise trading digitally with simulated funds, and Islamic accounts that align with Sharia law are also accessible. This will be a good way to get a feel for the broker’s sites and resources.

TMGM ACCOUNT OPENING:

To create a TMGM International Account, go to the provider’s website and click on “get started” in the upper right corner, then type out the registration form and apply it. When you build a profile, you’ll get a Web username and a Warning Notice. When your profile is accepted, you will obtain the MT4 details. There are no costs involved with opening an account with TMGM. When filling out a broker application, you must read all of the broker’s requirements, limitations, and policies carefully. Continue only if you completely comprehend and embrace them.

TMGM DEPOSITS AND WITHDRAWALS:

Bank transfer, credit/debit cards, RMB Direct pay, Polli, NE teller, Skrill, UnionPay, Fas pay, and Sticpay are among the payment types approved by TMGM for account financing and withdrawals. Withdrawals made by 4 p.m. Sydney time are usually processed the same day (1 business day or less). Withdrawals made after 4 p.m. will be handled the next business day. Third-party fees are specifically banned at TMGM. Both funds transferred into your trading account have to be under your TMGM trade profile’s name.

TMGM INSTRUMENTS AND TOOLS:

TMGM includes a range of trading tools in a variety of asset groups, including forex, stocks, indexes, and more. Many other significant, minor, and exotic currency pairs are available for trading. TMGM Australia provides a diverse selection of asset CFDs that can be sold using the MT4 network, allowing you to exchange these markets anytime and wherever you choose. Gold, Silver, Platinum, WTI, and Brent are among the resources available. The Dow Jones Industrial Average (DJIA), S&P 500, and the FTSE 100 Index are among the many Indices offered by the broker. The Iress network also provides crypto and stock CFDs.

TMGM CUSTOMER CARE SERVICE:

The broker has a professional customer service team on board to respond to clients’ questions immediately. They can be contacted by phone, text, or live chat. On the broker’s platform, there is also a commonly asked questions (FAQ) feature that offers comprehensive answers to some of the most important questions asked by traders. English, Vietnamese, Thai, Spanish, Portuguese, Italian, Arabic, and Chinese are also endorsed languages.

CONCLUSION:

TMGM is an ECN dealer that uses the Meta Trader 4, Meta Trader 5, Iress, and Hub X trading sites to sell forex and CFDs on metals, indexes, energies, assets, crypto, and securities. The broker delivers improved execution rates, as well as deep liquidity and a $100 required deposit.

FREQUENTLY ASKED QUESTIONS:

1.    WHERE ARE MY FUNDS HELD IN TMGM?

You may deposit AUD, NZD, USD, EUR, or GBP.

2.    DO TMGM CHARGE ANY FEES AT WITHDRAWS OR DEPOSITS?

We do not impose any fees or commissions on deposits or withdrawals; but, in the case of money transactions, you might be paid fees by the banks concerned. If you have not exchanged with an e-wallet, you should be mindful that withdrawing will incur a fee.

3.    WHAT ARE THE AVAILABLE CURRENCIES IN WHICH YOU CAN DEPOSIT?

TMGM does not keep your funds. Client accounts are kept separate from business funds and handled in compliance with client money rules. Client funds are deposited in separate Client Trust Accounts at either NAB or Westpac.

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