TMGM Review: Is TMGM Broker Good?

TMGM Broker Overview and General Information

TMGM (Trademax Global Markets) was founded in 2013 and is a leading global Forex broker with headquarters in Sydney, Australia and offices in over 150 countries around the world. TMGM has a website that supports more than 10 main languages, including Thai. Live Chat is available for customers 24 hours a day, 5 business days. In addition, TMGM also offers trading in a variety of instruments, including Forex, Stocks, Precious Metals, Energies and Indices.

Licenses that TMGM Brokers have obtained

If you ask whether TMGM is good or not, you have to start by considering the license factor first, which is licensed by ASIC, FSC, and VFSC.

• Trademax Global Limited, trading as TMGM, is authorised and regulated by the Vanuatu Financial Services Commission (VFSC) with registration number 40356.

• Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorised and regulated by the Financial Services Commission, Mauritius (FSC) with license number GB22201012.

• Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC) AFSL No. 436416.

Products and services from TMGM Broker

• Forex Trading

  A wide range of Forex trading services covering major, minor and exotic currency pairs. Traders can profit from the volatility of the Forex market 24 hours a day with competitive spreads and fast order execution.

• Stocks

  Traders can invest in shares of leading companies from around the world through TMGM. Trading shares allows investors to diversify their portfolios and take advantage of stock price movements effectively.

• Precious Metals

  Trade precious metals such as gold and silver. Trading precious metals allows investors to hedge their exposure and create opportunities to make profits in a safe market.

• Energy

  Trade energy such as crude oil and natural gas. Energy trading allows traders to speculate on energy market volatility and gain access to high-demand markets.

• Cryptocurrencies

  Trade popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Cryptocurrency trading allows traders to speculate on crypto market volatility without holding actual cryptocurrencies.

• Index

  Traders can invest in leading indices from around the world through TMGM. Indices trading allows investors to speculate on the movements of stock indices covering major stock markets around the world.

• Dividend Indices CFDs

  Trade index dividend CFDs, which allow traders to invest in an index comprised of stocks that pay dividends. Trading index dividend CFDs allows investors to benefit from dividend payments on the indices they hold.

• Dividend Stocks CFDs

  Trading dividend stock CFDs allows traders to invest in shares of companies that pay dividends. Trading dividend stock CFDs allows investors to benefit from dividend payments and share price movements.

TMGM Trading Platform

It is one of the most reputable Forex and CFD brokers in the financial market, offering the following platforms:

1. MetaTrader 4

2. MetaTrader 5

3. TMGM Mobile Application

4. IRESS

IRESS is a financial institution trading platform that puts cutting-edge analytical tools in the hands of retail traders. Key features include:

• Works on all browsers

• Advanced charting capabilities

• Real-time price streaming

• Unique modular structural design

• Manage multiple ports

• Access trading markets and in-depth market data

• There are 3 account types: Standard, Premium, Gold.
  

TMGM Account Types

TMGM broker offers only 2 account types to choose from: Classic Account and Edge Account.

Classic Account

• Spread starts at 1 pips

• No commission

• Maximum leverage 1:1000

• Minimum deposit $100

• Swap-free Islamic account

• Base currencies: USD, EUR, GBP, AUD, NZD, CAD

Edge Account

• Spreads start at 0 pips

• Commission $3.5/lot ($7 per round)

• Maximum leverage 1:1000

• Minimum deposit $100

• Swap-free Islamic account

• Base currencies: USD, EUR, GBP, AUD, NZD, CAD

Pros and cons of TMGM

Pros

• There are no fees for deposits and withdrawals.

• The website supports Thai language.

• The website has a learning guide for beginners.

Cons

• No bonus promotions

• Provides relatively little leverage

• The minimum deposit is quite high.

• Transactions via Thai banks are not supported.

• Withdrawal time takes a long time.

Office location and contact channels

1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.15, 122 Arthur Street, NORTH SYDNEY NSW 2060

Contact channels:

• [email protected]

• Phone +61 2 8036 8388

• Fax +61 2 8036 8388

TMGM Broker Overview Summary

TMGM is highly licensed and is a broker with relatively low spreads. TMGM’s website supports Thai language, making it easy to use. There is a Live Chat staff who is available 24/7. There are a variety of products to trade and the account opening process is fast for traders. There are also no deposit and withdrawal fees. However, there are some additional considerations, such as a high minimum deposit of $100. It has been reported that users often experience slow and frozen charts, as well as rejected orders.

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