TMGM

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Founded in 2013, TMGM, or Trademax Global Markets, is an Australia-based global forex broker, committed to creating a transparent and fair trading environment for its clients. TMGM provide clients access to multiple tradable assets on the sophisticated MT4, MT5, Iress and HubX trading platforms via 24/7 customer support service.

TMGM has three entities regulated in their 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 Commission (VFSA) offshore, with Regulatory License No. 40356.

Note: The screenshot date is January 19, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

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.

Account Types

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 reasonable 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 MetaTrader4 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 six months, your access would be terminated. A $5,000, $10,000, or $50,000 virtual currency balance is available to you.

Leverage

TMGM offers quite a high trading leverage up to 1:500 on all account types. Forex products trading can use leverage of up to 1:400, indices and energy with leverage of 1:100, and precious metals featuring 400x leverage.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

Spreads and commissions with TMGM are scaled with the accounts offered. The spreads on Classic accounts start at 1.0 pips, with no commission charged, while the spreads on Edge accounts start at 0.0 pips, and a commission of $7 (round turn) is charged per lot.

Trading Platform

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 terminals. MT5 has two latest pending order methods, which allow users to set pending orders better and provide up to 21 kinds of time charts so that traders can grasp market quotes in many aspects. IRESS Viewpoint is a new generation of 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 $100, supporting USD, EUR, GBP, AUD and NZD, no handling fee),

• wire transfers (minimum deposit of $100, supporting USD, EUR, GBP, AUD and NZD, the personal bank will charge fees when withdrawing funds),

• 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, minimum deposit of $100, support USD, EUR and GBP),

• STICPAY (instantly, supports EUR, USD, GBP, AUD, NZD, no commission),

• Broker Transfers (3 business days, a minimum deposit of $100, supports USD, EUR, GBP, AUD, NZD, no commission).

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 Academies 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.

Customer Support

TMGM's customer support team can be reached via telephone: +61 280368388, email: support@tmgm.com, WeChat: TradeMaxGroup 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.

You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube, WhatsApp and LinkedIn.

Company address: Level 28, One International Tower 100 Barangaroo Avenue, 2000 Sydney NSW Australia.

Support is available in English, Vietnamese, Thai, Spanish, Portuguese, Italian, Arabic and Chinese.

Pros & Cons

Frequently Asked Questions (FAQs)