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TMGM Review

Why choose TMGM

Australian broker offering a wide range of trading instruments and platforms.

Pros

  • Diverse product offering.
  • Competitive spreads.
  • Strong regulatory oversight.

Cons

  • Inactivity fee after 12 months of dormancy; limited educational resources for beginners.
TMGM

TMGM

Fee Level:

Medium

Inactivity Fee:

Medium

Index CFD Fee:

Medium

Investor Protection:

Up to AUD 250,000 under the Financial Claims Scheme (FCS).

Mobile Platform:

Visit TMGM

Provides a cost-effective trading environment with minimal fees.

Pros

  • No withdrawal fees; competitive forex spreads starting from 0.0 pips with commissions.

Cons

  • Inactivity fee applies after 12 months of inactivity; limited educational resources for beginners.

Regulated by ASIC and VFSC; segregates client funds and offers negative balance protection.

Pros

  • Strong regulatory framework and security measures, including SSL encryption and segregated client funds.

Cons

  • Limited educational resources for beginners.

TMGM supports bank transfers, cards, Skrill, Neteller, PayPal, and crypto. Deposits are instant; withdrawals take 1–3 business days.

Pros

  • Multiple funding options, instant deposits, crypto-friendly.

Cons

  • Multiple funding options, instant deposits, crypto-friendly.

TMGM provides simple online onboarding with verification completed in 24 hours.

Pros

  • Simple application with global access.

Cons

  • Simple application with global access.

TMGM offers mobile trading through the MetaTrader 4 and 5 apps, providing standard features such as real-time quotes, charting tools, and various order types.

Pros

  • Reliable performance, support for automated trading, user-friendly interface.

Cons

  • Lacks proprietary app features; interface may seem dated compared to newer apps.

TMGM utilizes the MetaTrader 4 and 5 desktop platforms, known for their robust performance, advanced charting tools, and support for automated trading strategies.

Pros

  • Advanced analytical tools, customizable indicators, support for Expert Advisors (EAs).

Cons

  • No proprietary platform; interface may be complex for beginners.

TMGM offers a range of trading instruments, including forex pairs, commodities, indices, and a strong selection of stock CFDs, catering to traders interested in diverse markets.

What is the minimum deposit required?

The minimum deposit at TMGM is $100. However, a recommended starting deposit is $500 to provide more flexibility in trading.

Is TMGM Markets a regulated broker?

Yes, TMGM (TradeMax Global Markets) is a regulated broker and operates under multiple regulatory authorities. Here are its key regulatory details: ASIC (Australian Securities and Investments Commission) – TMGM operates under Trademax Australia Limited, which is regulated by ASIC under AFSL No. 436416. FMA (Financial Markets Authority of New Zealand) – TMGM is registered in New Zealand as Trademax Global Limited under FSP No. 569807. VFSC (Vanuatu Financial Services Commission) – TMGM also operates under Trademax Global Markets (International) Pty Ltd, regulated by VFSC with License No. 40356.

How can I contact TMGM's customer support?

You can reach TMGM's customer support via live chat on their website or by emailing [email protected]. Support is available 24/5 in multiple languages.

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