The History and Foundation
In the year 2013, TMGM (Trademax Global Markets) was founded and has quickly become a leading broker in the forex and CFD trading industry, with particular emphasis on innovation and customer-centric practices thus far. TMGM provides its clients with service from across the globe.
Mission - The Objective of Vision
The mission of TMGM is to make available cutting-edge trading solutions while making it deliverable for traders to have transparent, trusted services. A highly advanced technological and customer-oriented online trading leader is what the broker views itself as becoming globally.
Global Footprint
TMGM operates worldwide, serving clients in more than 150 countries. The organization is domiciled in Sydney, Australia, and has branch offices and representatives across Asia, Europe, and ME.
Strengths and Weaknesses
Key Strengths
- Tight regulation and extra protections
- Average order execution under 30ms
- Multiple trading tools
- Reliable customer support
- IRESS platform for stock trading
The Areas for Improvement
- Limited educational materials
- High inactivity fee
- Withdrawals only via wire transfer
Safety and Regulations
Financial Institutional Licenses
TMGM operates as per the policies that are ensured by the Australian Securities and Investments Commission (ASIC) and under the New Zealand Financial Markets Authority (FMA).
Segregation and Insurance of Funds
Funds of the customers reside in top-ranked bank accounts and funds of customers remain secure through the provision of additional fund protection.
Tradeable Instruments
Currency Pairs
More than sixty tradable major, minor, and exotic foreign exchange pairs allow clients to trade with more benefits in terms of competitive spreads and leverages.
Commodities
On Commodity, traders may choose from a broad array of markets, including gold, silver, crude oil, and natural gas, which can offer them anchor and diversification points of trading.
Indices
Clients can have their way on global indices of NASDAQ, DAX, FTSE, and S&P 500-trading centers of the world's leading stock exchanges.
Cryptocurrencies
TMGM trades in all the significant digital currencies like Bitcoin, Ethereum, and Litecoin - perfect for all your plans to explore digital assets.
Account Types
Edge
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 40 |
Classic
| Minimum deposit | 0 |
|---|---|
| Commission | 1.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 40 |
Fees and Charges
Spreads and Commissions
Competitive spreads in combination with commission-free Raw Spread accounts start at 0.0 pips, while Standard accounts advise traders free of commission fees.
Swap Rates
For overnight positions, there is a swap fee, which uses the transparent rate disclosures directly with the users. In general, Islamic account types will be operated without swaps.
Inactivity Fees
Inactive accounts suffer a small inactivity fee, and this is the custom across various platforms in trading.
Trading Platforms
| Available tools | Forex, Commodities, Share CFDs, Indices, ETFs, Cryptocurrencies |
|---|---|
| Cryptocurrencies | BTC, ETH, DOT, XRP, LINK, XTZ, DOGE, ADA |
| CFD | Forex: 50 metals: 3 Energy: 2 Cryptocurrency: 20 Indices: 19 Shares: Hundreds of global stocks |
MetaTrader 4 and 5
TMGM supports both MT4, and MT5, and users can fancy proper shopping such as fancy charting advanced, automated trading, and even extensive analytics.
IRESS Platform
IRESS has been designed to provide more depth in the analysis of the market and high execution speed as essential tooling to the advanced functioning of professional traders.
Mobile Trading Apps
Trade everywhere with one of TMGM's mobile applications, its new designs and characteristics respect user ease—but also powerful account management in one package.
Customer Support
Registration Steps
Joining TMGM is easy-breezy once you've accomplished applying online: sign up, opt for an account type, and appoint the necessary documents required by the verification process to confirm your identity.
Verification Requirements
Identity proof and proof of address —i.e. passport or ID card and utility bill.
Deposits and Withdrawals
Payment Means
The modes by which one can transfer money and withdraw money are as such: bank transfers, credit card, debit cards, and e-gateways (Neteller, Skrill, and PayPal).
Processing Times
Cash deposits get deposited instantly, while money withdrawals typically need 1-3 minimal work time for completion, depending on one's chosen payment method.
Associated Charges
All money deposited is free from payment fees, but certain withdrawal options may levy small fees. Destiny in this matter is quite dependent on the broker.
FAQ
Is the broker regulated?
TMGM is indeed regulated by ASIC and FMA to provide a very safe trading atmosphere.
Which trading platforms are available?
TMGM adapts with three trading platforms: MetaTrader 4, MetaTrader 5, and IRESS; besides the previous cycle it delivers mobile trading apps.
What is the minimum deposit one has to make in order to open an account?
The minimum initial deposit stands at $100 as the first step in Standard accounts.
How many accounts are there?
The broker provides for various trading styles using Standard, Raw Spread, cTrader, and Islamic account types.
What is the Cost?
Spreads, commission rates for certain accounts, swap rates, and dormant account inactivity fees are included in the fee list.
How much leverage can I avail myself of?
Depending on the account type and regulation locale guidelines, one can use up to a maximum leverage of 1:500.
Are there demo accounts?
A demo account is used without any loss on your currency with TMGM.
How do I contact customer support?
Customer support in general is available by live chat, phone, and email; most of what you may want to reach service representatives of is attainable here.