General Information
Founded in 2013, TMGM, or Trademax Global Markets, is an Australia-based global forex broker, committed to create a transparrent and fair trading environment for its clients. TMGM provide clients access to sophisticated MetaTrader 4, MetaTrader 5, Iress and HubX trading platforms for trading multiple tradable assets, such as CFDs on forex currency pairs, commodities, indices, metals, energies, cryptocurrency and shares.
Regulation
TMGM has three entities regulated in their own jurisdictions:
TRADEMAX Australia Limited is regulated by the Australia Securities and Exchange Commission (ASIC), Regulation License No. 436416, TRADEMAX Global Markets (NZ) Limited authorized and regulated by the Financial Markets Authority (FMA), Regulatory License No. 568807, and Trademax Global Limited is regulated and licensed by the Vanuatu Financial Services Commisson (VFSA) offshore, with Regulatory License No. 40356.
Pros & Cons of TMGM
some advantages and disadvantages of TMGM are clearly listed below:
Market Instruments
TMGM provides a wide range of popular financial tradable instruments for global investors, including forex (over 60 currency pairs), stocks, precious metals (gold, silver, platinum), energies (crude oil, natural gas), virtual currencies, and stock indices.
Minimum Deposit
To satisfy different traders' trading needs and experience, TMGM provides two different accounts: the Classic and the Edge account. Both accounts require a minimum deposit of $100, quite resonable for most regular traders to get started.
Swap-Free Account
TMGM also provides a Swap Free account for those who are unable to pay or receive interest owing to their religious convictions. To open a Swap-Free account, you'll need to have an Edge account, which requires a minimum of $100 and a minimum lot size of 0.01.
Demo Account
Demo trading accounts are available through TMGM for anyone interested in testing the waters before opening a real account. These accounts allow you to test out the broker's services before committing any real money. In addition, it provides a means of learning as much as possible about TMGM before you commit to an investment account.
The MetaTrader 4 trading platform (which we'll come to in a moment) is available to demo accounts for an entire year. However, in the event of inactivity for a period of six months, your access would be terminated. A $5,000, $10,000, or $50,000 virtual currency balance is available to you.
TMGM Leverage
As a typical Australia broker, TMGM offers quite high trading leverage, and leverage depends on instruments. Forex products trading can use the leverage of up to 1:400, indices and energy with the leverage of 1:100, precious metals featuring 400x leverage.
Spreads & Commissions
The spreads on Classic accounts start at 1.0 pips, with no commission is charged, while the spreads on Edge accounts start at 0.0 pips, and a commission of $7 (round turn) is charged per lot.
TMGM Trading Platforms
TMGM provides users with industry-leading MT4, MT5, and IRESS Viewpoint trading software. MT4 trading software is suitable for retail traders and algorithmic traders and supports mobile, tablet PC, desktop, and web terminal. MT5 has two latest pending order methods, which allow users to set pending orders better and provides up to 21 kinds of time charts so that traders can grasp market quotes in many aspects. IRESS Viewpoint is a new generation of the web-based trading platform, available for all browsers, with advanced charting features and a unique modular structure.
Deposit & Withdrawal
TMGM provides users with a variety of convenient and efficient deposit and withdrawal channels. The major payment methods include VISA/MASTERCARD (minimum deposit and withdrawal of USD 100, supporting USD, EUR, GBP, AUD and NZD, no handling fee), wire transfer (minimum deposit of USD 100, supporting USD, EUR, GBP, AUD and NZD, the personal bank will charge fees when withdrawing funds), and NETELLER/ Skrill (instantly, a minimum deposit of $100, support EUR, USD, GBP, AUD, no commission), Union Pay & Alipay (instantly, support EUR, USD, EUR, GBP, NZD, no commission), FasaPay (one business day, a minimum deposit of $100, support USD, EUR and GBP). STICPAY (instantly, supports EUR, USD, GBP, AUD, NZD, no commission), Broker Transfer (3 business days, a minimum deposit of $100, supports USD, EUR, GBP, AUD, NZD, no commission).
Customer Sopport
TMGM's customer support team can be reached via telephone, email and online chat. There is also a frequently asked questions (FAQ) section on the broker's website, which gives detailed answers to some traders common questions. Support is available in English, Vietnamese, Thai, Spanish, Portuguese, Italian, Arabic and Chinese.
Educational Resources
TMGM's special feature is TMGM Academy, and it's available in addition to the usual customer service. You may get a thorough education in foreign exchange trading by enrolling in the TMGM Academy. There are three levels to choose from: Basic, Intermediate, and Expert.
The beginner stage prepares you for your journey into forex trading. The Beginner Stage develops a strong foundation based on understanding margin trading, how to read various types of charts, plus an introduction to trading instruments, oscillators, indicators, and support plus resistance.
TMGM Academys Intermediate Stage starts focusing on more technical aspects of forex trading. This includes considering indicators like MACD, RSI, ATRs, Moving Averages, and more. Additionally, TMGM introduces Fibonacci and Fundamental analysis, plus effective ways to employ them in trading.
The Advanced Stage in the TMGM Academy is where traders get deep into various trading strategies and how to apply them. This stage includes learning about advanced forms of Fibonacci extensions and retracements, RSI, correlation, and trade management.
2022-11-21 18:52
2023-01-27 00:42
