TMGM Review 2023

If you are looking for a platform that offers lower spreads and the best trading platforms to trade, then we feel TMGM is the best platform to suit your needs. TMGM is a CFDs broker established in 2015 in Australia. TMGM (formerly named TradeMax Global Markets) is multi-regulated and has an impressive footprint in Australia and New Zealand. The fx broker offers low spreads, ECN prices, MetaTrader 4, and DMA execution for stocks with IRESS. TMGM is a good option if traders seek an online broker with an extensive range of instruments for trading.

TMGM Review Insights

According to our TMGM review, TMGM is a reliable broker that offers competitive fees and advanced trading tools. TMGM was able to compete against many top brokers in the industry. It allows professional traders to trade over 12,000 financial instruments through its MT4 or IRESS platforms. Traders can trade Forex, Indices, Shares, Commodities, and Cryptocurrencies offered with competitive spreads.

TMGM Overview

Official Website https://www.tmgm.com/
Headquarters Australia
Founded Year 2015
Regulated ASIC, FMA, VFSC
Market Instruments Forex, Shares, Precious Metals, Energies, Cryptocurrencies, Indices
Product Offered T4Trade WebTrader App, WebTrader, MetaTrader4
Minimum Initial Deposit $100
Maximum Leverage 1:500
Islamic Accounts Yes
Demo Account Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No, but it will come soon
TradingView No
Trading fees Competitive Fee
Inactivity fee $30 inactivity fee/month
Withdrawal fee Free
Supported currencies USD, EUR, GBP, AUD, NZD, CAD
Customer Support Live Chat, Email, Phone, & FAQs Support

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What Is TMGM? 

TMGM is an international forex broker with a strong presence across Australia and New Zealand. The broker offers low spreads, competitive fees, an array of social and copy trading platforms, and DMA execution for stocks using the IRESS platform. TMGM is regulated by a regulatory entity, The Australian Securities and Investments Commission (ASIC), and follows strict adherence to guidelines. ASIC regulations are among the most rigorous authorities in the world and ensure reliability, security, and investor protection.

TMGM Broker User Interface

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Additionally, there is another regulatory body, an entity that is subject to the law of Vanuatu. We advise against dealing with brokers operating offshore due to the absence of regulations, but TMGM holds a legitimate license and offers secure trading conditions.

Why Choose TMGM?

As per our review and research, TMGM is an ASIC-licensed broker with an impressive Asian client base. It offers low-cost fees through ECN execution and offers players access to more than 12,000 trading instruments, MetaTrader 4, MetaTrader 5, and IRESS trading platforms. It has HUBx developed in-house for fund managers for copy trading and automated trading. All in all, TMGM is a solid broker offering all the tools for trading that you need to succeed in forex trading.

Here are a few reasons explaining why you should choose TMGM:-

Access the Global Markets

While the broker’s origins are Australian, this platform is becoming recognized internationally for its efforts to provide secure financial conditions and trading options to investors worldwide and become the best forex broker in Australia. Presently, TMGM boasts a presence in more than 200 countries.

Access the Global Markets with TMGM

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License and Regulation 

The Australian Securities and Investments Commission (ASIC) is an independent regulator enforcing Financial service laws. The primary goal of ASIC is protecting Australian investors, creditors, and consumers. If you are living in New Zealand, TMGM also is part of the Financial Markets Authority. In addition, TradeMax Global Markets is managed by Vanuatu Financial Services (VFSC). 

Security of Your Funds

Your funds are held in the most reliable financial institutions. All client assets are stored with an Australian-approved deposit-taking institution (ADI) with an AA rating. This National Australian Bank is one of the biggest banks in Australia. Furthermore, you can fund your trading account quickly and securely with an extensive variety of payment methods offered by the platform. Your funds are safely stored in Tier 1 banks. TMGM provides multiple trading accounts for high net-worth organizations as well as individuals. You can log in to your bank account and view balances anytime.

Top-Notch Assistance 

TMGM provides 24-hour customer service to ensure that regardless of what time and market your trade-in. It also provides major language support in more than 10 major languages, and they are quickly expanding its local offices in over 10 countries. It also provides exclusive customer support for VIP clients; their VIP clients gain the privilege of attending exclusive parties and workshops, and they even have direct contact with a special person from the sales and research team.

Is TMGM Regulated?

When choosing a broker such as TMGM, one of the primary aspects that professional traders should consider is the status of the regulatory body and the brokerage company. We have verified within this review of TMGM that the broker is monitored and regulated by trustworthy European and UK regulators. 

TMGM is a secure platform that has been granted permission by the following organizations to provide financial services. The broker’s customer’s funds are kept in segregated bank accounts managed by National Australia Bank (NAB), among the biggest banks in Australia and worldwide. In the unlikely scenario of TMGM’s bankruptcy, segregated funds are not used to help bail out the broker; rather, the client’s funds will be returned.

TMGM is regulated by the following regulatory bodies:-

  • Australian Securities and Investments Commission (ASIC) 
  • Vanuatu Financial Services Commission (VFSC)
  • New Zealand Financial Markets Authority (FMA)

TMGM Regulations

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TMGM Review: Pros and Cons

Pros Cons
 This platform charges low forex fees.  This platform charges inactivity fees.
 Regulated by FMA, ASIC, and VFSC.  Offers limited educational tools.
 This broker offers 3 account types.  Clients from Japan and the US are not accepted.
 TMGM does not charge deposits and withdrawal fees.  High minimum deposit fee is $100.
 Easy account opening process.

TMGM Market Instruments

According to our TMGM review, in addition to Forex and CFD trading, TMGM offers a variety of other products when compared with other brokers. You can expand your portfolio by accessing more than 12,000 products in seven asset classes. CFDs can be traded in Forex, Futures, Energies, Metals, shares, and crypto. Let’s look at the options the platform can offer.

Forex

The forex market is the largest in the world, with over $6.5 trillion daily in trading volume. Comparatively, the New York Stock Exchange is the smallest, trading only $20 billion. It is a marketplace that provides forex and CFD trading to anyone worldwide because it is open all day, seven days a week. With TMGM, it is possible to access the majority of sought-after major forex pairs, including 46 major, exotic, minor, and cross-pairs. Spreads begin at 0 pip which the users can take advantage of.

Indices

Trading indices can be a means for investors to gain exposure to the markets for stocks of various countries across the globe. With TMGM, you can trade more than 15 different options, including the US S&P 500, the German DAX, the Japanese Nikkei, and the UK FTSE 100. In addition, you will get access to a wide range of CFD and forex trading markets and instruments, but you will also be able to take advantage of the benefits that TMGM offers using Index CFDs. For instance, users can trade CFDs using leverages of as high as 1:100.

Shares

If you want to trade shares, TMGM offers the best way to access the world’s markets. It has access to various shares from countries such as Australia, Hong Kong, and the United States. TMGM provides traders the possibility of short sell and also long buy. You can use MetaTrader 4 or the IRESS platform for CFD trading. The brokers IRESS provides access to the entire range of shares throughout the US, Australia, UK, Hong Kong, Chinese, and Singapore stock exchanges all day, every day. 

Shares by TMGM

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Precious Metals

One of the most effective methods of diversifying the portfolio is trading precious metals. It is because precious metals are put in the “safe asset class” and have a distinct appeal in volatile and uncertain times. When you trade CFDs for precious metals, TMGM lets you reap the benefits of diversification and speculation without having the precious metals at your disposal. With an MT4 account with TMGM, you can trade Silver, Gold, CFDs, Platinum, and Gold. Additionally, using the proprietary TMGM Aggregation Engine, customers will receive the most favorable spreads starting at 0.0 pip.

Energies

Another excellent option for diversifying your investment portfolio is to do so by trading CFDs on energy sources like oil and gas. With TMGM, it can access market depth without buying energy products. You can, for instance, make CFD trades in Brent Crude Oil or WTI Crude Oil via the TMGM platform. In addition, you can also trade on the Natural Gas Market. 

Cryptocurrencies

TMGM also provides cryptocurrency trading services for investors and traders interested in digital assets. The traders have access to the most well-known cryptocurrency, which include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH). You can trade your most preferred digital assets through the MT4 trading platform, so you don’t need to open another browser to access your computer.

Cryptocurrencies by TMGM

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TMGM Trading Platforms 

TMGM provides users with an array of user-friendly and easy-to-use trading platforms on its website. It offers forex trading software like MetaTrader4, MetaTrader5, and IRESS options. One of the major features offered by this platform is a demo account where users are offered free funding base currencies to practice trading. They choose between three funding amounts to start trading. Let’s look at what these platforms provide.

MetaTrader 4 

MetaTrader4 (MT4) is widely recognized as the standard trading platform for trading forex, so it is no surprise that TMGM is the most well-known trading platform. The platform provides all the necessary features that beginner and experienced traders require to swiftly and efficiently evaluate the trading and financial markets. Through MT4, retail traders can view live price feeds, the most recent financial news, utilize analysis tools, study technical charts, and institutional liquidity providers connected to the exchange. The only drawback to using MT4 is that the selection of shares offered is limited to IRESS. 

MetaTrader 5

MetaTrader5 (MT5) is the successor to the MetaTrader4 platform. Although you will have the same features and functionality you were accustomed to from MT4, MT5 offers several additional options. It offers additional charts, timeframes, order types and a multi-currency strategy tester, an increased variety of trading tools, and greater depth of market (DOM) pricing. MT5 is not yet live as a trading platform. However, it will be accessible to retail traders in the coming months.

IRESS

The brokers’ IRESS platform is TMGM’s “next-generation trading platform .”The primary reason for using this platform for trading is to gain access, and it also offers exchange pricing and depth of market. It is because IRESS uses Direct Market Access (DMA) trading. One key characteristic of the IRESS platform is the capacity of traders to modify their workspace by using a modular structure that can provide users with the data and information that is relevant to them. The modules are adaptable, simple to alter, expand, and give you full control over the information and how it is viewed through the platform.

Why to Trade on TMGM IRESS?

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Tools Offered by TMGM

TMGM is a global broker and offers various trading strategies through Trading Central, a third-party research service. The concepts are based solely upon technical research and provide details on minor Forex pairs. TMGM provides some fundamental data via an economic calendar. An economic calendar allows you to filter by country and also through data significance, and this can be an extremely useful option for Forex traders. 

TMGM also provides MetaTrader with excellent charting tools. You can use 31 indicators for technical analysis and other tools like trendlines, Fibonacci Retracements, and channels. The news feeds of TMGM are provided via Trading Central. They are accessible in the Market Buzz section, which has a range of tools.

Market Sentiment Tool

The Market Sentiment tool is used to access Trading Central, which has an email newsletter available in seven languages. The most exclusive Market Sentiment tool is now available to all TMGM clients. Market Buzz is an easy and user-friendly application. An accurate and concise overview of market sentiment for each instrument is based on the daily news posted by professional news reports, social media, and personal blogs.

HUBx

Created by TMGM in collaboration with LifeByte, the platform is designed to help the fund manager and his clients to work together in trading. The product works seamlessly with MetaTrader 4 and comprises 3 distinct features.

HUBx Tool by TMGM

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Forex VPS

TMGM provides a complete VPS service through an alliance with ForexVPS. It is a reliable option for customers running EAs and other signals using the MT4 platform. Its fundamental VPS service is free, but an initial $3,000 deposit is needed. It lets you operate three MT4 platforms simultaneously with one-millisecond latency and a 100% uptime guarantee. To avail of the ultra-fast VPS service, an initial payment of $20,000 is required.

TMGM Account Opening Process

Registering an account with TMGM is simple. It takes around 10 minutes to open a trading account, which is approved in just one working day. You can create a new TMGM trading account by following the steps listed below:-

  • Step – 1: Visit the TMGM website and click ”Get Started” given at the top right-hand corner.
  • Step – 2: Provide your contact information, such as your email address. Complete your personal information, including your date of birth, as well as your address and other details
  • Step – 3: Select the account type you want to use and choose the base currency.
  • Step – 4: Make sure you have proof of your identity and the country of residence. 
  • Step – 5: When these details are added, a verification link will be sent to your email id for verification.
  • Step – 6: When the verification process is complete, you can add funds to your account and start trading.

TMGM Sign Up Opening Process

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Types of TMGM Accounts

Our TMGM review team discovered that this forex broker offers two account types – Edge and Classic, which are suitable for all traders. TMGM’s demo accounts offer demo trading for its users. The edge account type allows spreads as low as 0.01 pips and comes with commissions, while the Classic accounts can only use spreads. Let’s discuss each one of them.

Edge Account

Edge trading account is designed for short-term traders and closely resembles ECN trading. The TMGM Edge account type is designed for short-term traders who trade economic news events and utilize Expert Advisors (EAs). It is because trading on the Edge account is the cheapest account over the long run due to the lower spread. EA traders like this kind of account because most EAs employ scalping as a strategy for trading. If scalping is used, small spreads are crucial since trades can be kept for just several seconds, and profit targets could be as low as a few pips.

Classic Account

TMGM Classic account type can offer spreads of 1 pip or less and is perfect for those who would prefer to employ long-term or intermediate-term strategies that do not depend on spreads.

Demo Account

TMGM is a popular trading platform and provides free demo accounts using the MT4 platform to practice trading. These accounts offer virtual funds and they will be accessible for 365 consecutive days. However, you will lose access within six months of non-activity. You can choose virtual funds between $5000, $10000, and $50000 as funding amounts if you choose a demo account.

Swap Free Account

If you cannot pay or earn interest due to your religious beliefs, TMGM  offers a Swap-Free account. The Swap-Free account is only available for Edge accounts, which means they require minimum deposit money of $100 and a 0.01 lot size minimum. TMGM Swap Free Accounts were created to help traders who cannot earn or pay interest because of their religion. TMGM provides a no-interest account for customers who cannot earn money or make payments for swaps. 

TMGM Swap Free Account

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Features 

  • Variable Spreads From – 0.0 Pips + $7 per round turn
  • Funding Free
  • Minimum Deposit $100
  • Min Lot Size 0.01 Lot
  • Max Leverage 1:500
  • Execution Type ECN
  • EA Available

Comparison Between Various TMGM Accounts

We have compared and explained the different accounts offered by TMGM:-

Edge Account Classic Account Demo Account
Minimum Deposit $100 $100 NA
Spreads 0.0 pips 1.0 pips NA
Commission $ 3.5 0.0 NA
Maximum Leverage 1:500 1:500 1:500
Minimum Trade Size 0.01 lot 0.01 lot 0.01 lot
Trading Platforms MT4, MT5 MT4, MT5 MT4, MT5
Trading Instruments 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities
Currency USD, EUR, GBP, AUD, NZD, CAD USD, EUR, GBP, AUD, NZD, CAD USD, EUR, GBP, AUD, NZD, CAD
Margin Call $7 Nil Nil
Limit & Stop Levels 40% 40% 40%

Comparison Between Various IRESS Accounts

As per our review and research, TMGM provides 3 IRESS accounts that cover different trading styles.

Standard Account Premium Account Gold Account
Minimum Deposit $5,000 $10,000 $50,000
Platform Fee $35 or A$45 / per month No Fee No Fee
Data Fee Yes Yes (Waived if 10 trades are placed each month) Yes (Waived if 10 trades are placed each month)
Commission Rate 2.25 for US, 8 for Australia & UK, 25 for Hong Kong, 70 for Canada, 15 for Singapore 2 for US, 7 for Australia & UK, 22 for Hong Kong, 60 for Canada, 13 for Singapore 1.8 for US, 6 for Australia & UK, 18 for Hong Kong, 50 for Canada, 11 for Singapore
Financing Libor +3.5%/-3.5% Libor +3%/-3% Libor +2.5%/-2.5%

TMGM Leverage & Margin Requirements

Three financial jurisdictions regulate TMGM Group, and the trading regulations may differ for each. Refer to the table below for how much leverage is allowed and to understand margin trading for each one of them.

ASIC FMA VFSC
Leverage Margin Requirement % Leverage Margin Requirement % Leverage Margin Requirement %
Major Pairs 1:30 3.33 4:20 0.5 9:20 0.2
Minor Pairs 1:20 5 4:20 0.5 9:20 0.2
Major Indices 1:20 5 2:40 1 2:40 1
Minor Indices 1:10 10 2:40 1 2:40 1
Gold 1:20 5 4:20 0.5 7:40 0.25
Other Metals and Energies 1:10 10 2:40 1 2:40 1

TMGM Fees

TMGM has very low forex and CFD fees. Although TMGM does not charge deposit and withdrawal fees, they charge an inactivity fee when you don’t trade for longer than 6 months. Users should note that they are subject to account maintenance fees if the account balance falls below $100. Spreads at TMGM vary, which means they can fluctuate. The reason for this is the amount of liquidity in the market. Spreads that are tighter are generally noticed when there is more liquidity in the market.

TMGM Deposit and Withdrawal Options

As per our review, TMGM offers a variety of payment methods to deposit funds and safe trading conditions. Your funds are safe in the secure Tier 1 Australian Bank.

Deposits

As per our review, TMGM accepts deposit options through the below methods:-

Method Processing Time Min Deposit Currency Fees
Visa Instant $100 USD, EUR, GBP, AUD, NZD, CAD $0
Mastercard Instant $100 USD, EUR, GBP, AUD, NZD, CAD $0
Revolut 1 Working Day $100 USD, EUR, GBP, AUD, NZD, CAD $0
Wise 1 Working Day $100 USD, EUR, GBP, AUD, NZD, CAD $0
Bank Transfer 1-3 Working Day $100 USD, EUR, GBP, AUD, NZD, CAD $0
Neteller Instant $100 USD, EUR, GBP, AUD, CAD $0
Skrill Instant $100 USD $0
UnionPay Instant $100 CNY $0
RMB Instant Instant $100 CNY $0
Faspay Instant $100 USD $0
Broker to Broker 3 Working Days $100 USD, EUR, GBP, AUD, NZD, CAD $0
Mobile wallet Instant $100 MYR, THB, IDR, VND $0

Withdrawals

TMGM offers the below options for withdrawal:-

Method Processing Time Min Withdrawal Currency Fees
Bank Transfer 1 Working Day $100 USD, EUR, GBP, AUD, NZD, CAD $0+ Intermediary Bank Charges
Neteller 1 Working Day $100 USD, EUR, GBP, AUD, CAD $0
Revolut 1 Working Day $100 USD, EUR, GBP, AUD, CAD $0
Wise 1 Working Day $100 USD, EUR, GBP, AUD, CAD $0
Skrill 1 Working Day $100 USD $0
RMB Instant 1 Working Day $100 CNY $0
Mobile Wallet 1 Working Day $100 MYR, THB, IDR, VND $0

Trading Commissions and Fees

In contrast to many Forex brokerages, TMGM has lower trading fees. Charges, commissions, and fees are contingent on the type of account you have and your location. TMGM edge account offers spreads on trades starting at 0.0 pip and has a minimum size of 0.01 lot. 

You will have to pay an amount of $3.5 per lot, calculated as a round turn of $7. The Classic account features spreads beginning at 1.0 pip with a minimum of 0.01 lot. However, you won’t be required to pay additional commissions for every lot. 

The spreads offered by TMGM can be among the tiniest in the industry and make it easier for traders to join and exit trades. The spreads offered by TMGM were the most competitive in commodities and forex. Similar brokers have narrow spreads that only apply to major instruments, but TMGM offers competitive spreads over all instruments.

TMGM App

TMGM offers the MetaTrader 4 mobile application for trading on mobile devices, which is available on Android and iOS. It has prominent features like alerts, one-click trading, automated trading, and trading directly from the chart. MetaTrader 4 mobile app also offers a wide range of options for orders, including stop-orders and pending orders. 

However, stop-loss orders that trail are only accessible via desktop computers. If you want to switch the language of the MT4 application, you need to change the language of the entire phone. MT4 and MT5 are available for download as mobile applications for Android and iOS devices. They are secure, user-friendly, and offer users access to the vast capabilities and features of terminals on the desktop or web. 

TMGM App

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TMGM Bonuses and Promotions

The process of joining TMGM rewards provides you with exclusive advantages. You get exclusive offers that only members can access. If you trade through TMGM, you will find that your commitment to the platform is recognized. Whatever you trade, you will earn points for it. With a TMGM account, you will automatically be a part of TMGM Rewards. 

If you already have a TMGM account,  start earning rewards. TMGM customers and loyalty program members get 10 points for each lot they sell. The more prestigious your standing is, the higher the points you will earn. TMGM members can avail of numerous amazing benefits, including the top-rated current products such as iPad or Macbook, cashback of up to $2500, AirPods, and iPhone.

TMGM Rewards are currently available in the following countries:-

Canada, China, Hong Kong SAR, Laos, Macao SAR, Taiwan, Thailand, Cambodia, Malaysia, Singapore, Philippines, Myanmar, Indonesia, Vietnam, Brunei, East Timor, South Africa, India, Brazil, Lebanon, Yemen, Bangladesh, Egypt, Benin, Pakistan, Sri Lanka, Venezuela, Guinee, Russia, Belarus, Ukraine, Angola, Botswana, Burundi, Chad, Kenya, Congo, Côte d’Ivoire, Eritrea, Ethiopia, Gabon, Ghana, Bissau, Liberia, Mali, Mauritania, South Sudan, Namibia, Nigeria, Sierra Leone, Somalia, United Arab Emirates, South Korea, Tanzania, The Gambia, Togo, Uganda, Western Sahara, Zambia, and Zimbabwe.

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TMGM Partnership Programmes

TMGM has created one of the more lucrative and well-developed affiliate partnership programs suitable for all users. The design and affiliate program are quite easy; however, the income that can be made from the various programs provided by this company is greater than others that are well-known to traders.

Introducing Brokers

Get yourself a brand new source of income through the well-known TMGM Introduction Broker program. You will be rewarded for introducing clients to the world of trading. The TMGM IB portal lets you easily track, monitor, and expand your client base by providing everything you require, from precise statistics to stunning promotional designs.

Features

  • Daily Payments
  • No limits on commission per client
  • Payment on time, Every time
  • Detailed Statistic
  • Real-Time Reporting
  • Personal Account Manager

Why Partner with TMGM?

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Affiliate Program

If you decide to join an affiliate program offered by TMGM, a team of experts will guide you, assisting you with every step to attract more traders. TMGM strives to offer you the most favorable trading conditions, backed by top-of-the-line and cutting-edge platforms.

Features

  • Dedicated Conversion Specialist
  • Revenue Sharing plans
  • Flexible Partnership Arrangements
  • 24/7 Support

Educational Resources Offered by TMGM

TMGM offers a unique feature called TMGM Academy compared to other forex brokers. With this feature, you can learn the basics of forex trading. With TMGM Academy, three stages are offered, Beginner Stage, Intermediate Stage, and Advanced Stage.

The Beginner Stage

The first stage of the course offered by TMGM Academy is it prepares you for your first steps into forex trading. It is crucial to create solid foundations of knowledge, and this course will make sure you do this. It discusses the definition of margin trading, the various types of charts, and a general overview of oscillators, indicators, and resistance and support. 

The Intermediate Stage

The Intermediate Stage is when it begins to get more technical. You will look at different indicators, including Moving Averages MACD, Stochastic, RSI, ATRs, and more. TMGM introduces Fibonacci and Fundamental analysis and methods to use it effectively for their trading. It is highly suggested to take this course since it covers a wide range of the most important subjects a trader must know before applying the more sophisticated techniques.

The Advanced Stage

It is a stage where the players can get into the depths of various strategies for trading and utilize the lessons they have learned specifically at the intermediate level. They can explore advanced forms of S/R, RSI, Stochastics, Fibonacci (retracements & extensions) trade management, risk management, and correlation. In the final part, they develop a few trading strategies using the information they learn.

Educational Resources Offered by TMGM

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TMGM Supported/Restricted Countries 

TMGM is accepted by traders from Australia, Thailand, Canada, Singapore, United Kingdom, Germany, South Africa, Hong Kong, Italy, India, France, Norway, Sweden, Denmark, Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Luxembourg, and most other countries. Traders from the United States cannot use this platform.

TMGM Security Measures

The ASIC is the top regulator and collaborates with the Australian Financial Services Authorization to safeguard the rights and interests of consumers and traders. ASIC protocol ensures that all TMGM clients store their funds in separate accounts. To ensure that its operating procedures follow its regulatory obligations, TMGM Group has a regular third-party independent audit system. 

Professional indemnity insurance can also be available with a maximum of AUD 5 million per customer. In addition, all client funds are stored in a trust account segregated in the name of the National Australia Bank (NAB). The investors are covered under the Professional Indemnity Insurance that places the responsibility for compensation in the event of the broker’s bankruptcy.

TMGM Customer Support

You can reach the TMGM customer support team via telephone, live chat feature, or email. You will receive useful and appropriate answers to all your queries. But, this support is not available 24/7, only 24/5. In the same way, TMGM’s support email team responds quickly. Although it’s not as quick as the responses you get via chat, the staff usually responds to your email within 24 hours. 

If you encounter problems on weekends either on a Saturday or Sunday it will be necessary to wait until trading hours on Monday for any issue to be resolved. In case you would like to communicate with customer support in your own language, TMGM is able to support a broad selection of languages such as English, Chinese, Thai, Vietnamese, Portuguese, Spanish, Filipino, French, Italian, and Indonesian.

TMGM Live Chat Support

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TMGM Review: Conclusion 

To conclude the TMGM review, we can say TMGM is a legitimate broker, as ASIC, a top regulator, monitors it. The broker is licensed in tier-1 multiple jurisdictions and the company has come a long way toward establishing trust with its current and potential customers. It is why it is hard to locate any TMGM scam investigation. 

TMGM provides a wide selection of trading assets and guarantees funds for its customers. The broker’s spreads and fees are affordable compared to other forex brokers. The company offers two trading platforms; each user can choose one based on their preferences. However, the broker does not currently provide access to the MT5 trade platform, which might be a problem for certain traders. Overall, you should enjoy a positive experience trading with this broker.

FAQs

Is TMGM a Reliable Broker?

TMGM is a trustworthy and reliable broker to trade with because of its status as a regulated broker. Trademax Australia Limited is a financial services company that is regulated by the ASIC. ASIC regulations are among the most stringent authorities around the world and ensure the reliability and security of the guidelines, as well as the security of the consumer.

Is TMGM Safe and Legit?

TMGM is a completely legit and safe platform. The ASIC controls the Trademax Australia Limited entity of TMGM. The Trademax Global Markets (NZ) Limited entity is controlled by the New Zealand Financial Markets Authority (FMA). Trademax Global Limited entity is subject to the supervision of the Vanuatu Financial Services Commission (VFSC).

Is TMGM Good for Beginners?

TMGM is well-suited to novice traders by offering an excellent educational program and excellent customer service.

Does TMGM Have a Bonus?

When you sign up for an account with TMGM, you immediately get TMGM Rewards. This is a points-based loyalty system that gives users 10 points for each trade. Rewards begin at 300 points and some of the prizes include Apple devices as well as cashback of up to $2500. This TMGM Rewards program is offered across Asian, African, and Eastern European countries.

What Is the TMGM Minimum Deposit?

The minimum deposit amount required to fund an account is $100.

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