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ADSS , TMGM Broker Comparison

Do you want to know which is the better broker between ADSS and TMGM ?

In the table below, you can compare the features of ADSS , TMGM side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
ADSS
7.29
Regulated
Under guarantee
10-15 years
FCA,SFC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
TMGM
7.77
Regulated
Under guarantee
10-15 years
ASIC,FMA,VFSC
--
AA
A
437.8
62
62
105
1990
1990
1967
AA

EURUSD: -0.2

XAUUSD: 0.5

29
-9
29
A
10.66 USD/Lot
27.04 USD/Lot
AA

Long: -6.15

Short: 2.22

Long: -32.91

Short: 20.8

AAA
0.2
157.2
Edge ,Classic
FX: 56 Bullion: 3 Oil: 2 CFD: 20 Crypto: 12 Shares: 48
$100
1:500
From 0
0.00
--
0.01
--

ADSS 、 TMGM BrokersRelevant information

ADSS 、 TMGM BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of adss, tmgm lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

adss
Registered Country/Region United Arab Emirates
Regulation FCA
Minimum Deposit $100
Maximum Leverage 1: 500
Minimum Spreads 1.9 pips on the EUR/USD pair
Trading Platform MT4 trading platform
Demo Account Available
Trading Assets Forex (major currency pairs and minor currency pairs), 16 Indices, Commodities, and CFDs
Payment Methods Bank Wire Transfer, BipiPay, GSD Pay, Neteller, Skrill
Customer Support 5/24, email, phone

General Information

ADS Securities LLC (“ADSS”) is a limited liability company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates. ADSS is authorised and regulated by the Central Bank of the United Arab Emirates. ADSS began operations from Abu Dhabi, United Arab Emirates (UAE) since 2011. Today, the broker has offices in Hong Kong, Singapore and London, UK. It boasts of over 150,000 individual clients and about 400 institutional clients from all over the world.

With tradable assets such as indices, forex, equities, cryptocurrencies, and commodities, traders can diversify their portfolios and take advantage of market opportunities. The company provides multiple account types, including Classic, Elite, and Elite+, to cater to traders with different preferences and capital sizes. Traders can choose between the ADSS Platform and the MT4 platform for their trading activities.

ADSS is regulated by the Financial Conduct Authority (FCA), providing traders with a level of trust and security. However, it's important to note that the regulatory status of the Securities and Futures Commission of Hong Kong (SFC) is listed as “Revoked,” which may raise concerns for some traders.

basic-info

Pros and Cons

ADSS has its strengths and weaknesses. It offers a range of features and services that may appeal to traders, while also having certain limitations that need to be taken into account. It's important for traders to assess the overall picture and consider these factors before deciding to trade with ADSS.

Pros Cons
Wide range of tradable assets Regulatory status of the SFC in Hong Kong listed as “Revoked”
Leverage of up to 500:1 Withdrawal fee of $15
Multilingual customer support Potential payment provider fees for deposits
Educational resources and access to webinars/seminars Limited trading options (no options trading or ETFs)
Significant Research Tools

Is ADSS Legit?

ADSS is regulated by the Financial Conduct Authority (Regulation No. 577453) and the Securities and Futures Commission of Hong Kong (Regulation No. AXC847). However, the regulatory status of the Securities and Futures Commission of Hong Kong (license number: AXC847) is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

regulation
regulation

Market Instruments

ADSS offers a wide range of trading instruments to cater to different market preferences. Traders can access global markets and choose from various options to diversify their portfolios.

Indices: Traders can trade indices CFDs on ADSS's platform, providing exposure to major indices like Nasdaq, S&P, FTSE, and Dax. With competitive spreads and leverage of up to 333:1, traders can take advantage of market moves and trade on both long and short positions.

indices

Forex: ADSS allows traders to trade forex pairs with their user-friendly trading platform. With no hidden fees and competitive spreads, traders can access major, minor, and exotic currency pairs, such as EUR/USD and NZD/CHF. The market-leading leverage of 500:1 on FX majors offers increased trading power.

market-instruments

Equities: Traders can take positions on equities listed on global stock exchanges, including major players from the GCC region. By trading CFDs on equities like Netflix, Tesla, and Apple, traders can capitalize on volatility and benefit from favorable spreads.

market-instruments

Cryptos: ADSS enables traders to participate in the cryptocurrency market by offering CFDs on leading cryptocurrencies like Bitcoin. Traders can take advantage of 24/5 trading, competitive spreads, and the opportunity to go long or short on the price movements of cryptocurrencies.

market-instruments

Commodities: Traders can benefit from market volatility by trading CFDs on spot commodities, futures, and commodity-linked ETFs. With 0% commission on trades, traders can access popular commodities such as gold, oil, and coffee. Trading commodities on ADSS provides a simplified approach compared to commodity futures.

market-instruments

Here is a comparison table of trading instruments offered by different brokers::

ADSS RoboForex Pocket Option Tickmill EXNESS Group AMarkets
Forex Yes Yes Yes Yes Yes Yes
Metals Yes Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes No
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No No
Options No No No No No No

Account Types

ADSS provides a range of account types to suit the diverse needs of traders, including Classic Account, Elite Account, and Elite+ Account.

Classic Account:

The Classic account is designed for traders who want to start with a minimum deposit of $100. This account offers market spreads, allowing traders to participate in the financial markets at favorable rates. With a maximum leverage of 500:1, traders can potentially amplify their trading positions. The Classic account also includes 24/5 support and access to training courses, providing traders with the necessary resources to enhance their trading skills.

Elite Account:

For traders with larger capital and seeking additional benefits, the Elite account requires a deposit of $100,000. With this account, traders enjoy spreads that are 25% lower compared to the Classic account, resulting in potentially reduced trading costs. Similar to the Classic account, the Elite account offers a maximum leverage of 500:1, enabling traders to take advantage of larger trading positions. Elite account holders receive dedicated support from a Senior Manager, ensuring personalized assistance and guidance. They also gain access to exclusive Elite events and have the flexibility of multi-base currency options.

Elite+ Account:

For elite traders with significant capital, the Elite+ account requires a deposit of $250,000. Elite+ account holders benefit from ultra-low spreads, which can further minimize their trading costs. With a maximum leverage of 500:1, traders have the potential to engage in larger trading positions. In addition to personalized support from a Manager and Sales Trader, Elite+ account holders enjoy exclusive Elite events and the convenience of multi-base currency options.

ADSS offers these different account types to accommodate traders with varying capital sizes and provide them with tailored features and benefits that suit their trading objectives and preferences.

account-types

How to Open an Account?

  1. Visit the ADSS website. Look for the “Open Account” button on the homepage and click on it.

open-account

2. Open your account by providing the required information. For UAE residents, ADSS offers the option to register with UAE Pass, making the account setup process convenient and efficient.

open-account

3. After filling out the application and uploading documents, the system will open a personal account for the client.

4. Deposit funds into your account using options such as UAEPGS, Apple Pay, or Samsung Pay. These payment methods offer flexibility and security, allowing you to easily and securely fund your trading account.

5. Download the platform and start trading

Leverage

ADSS offers leverage for trading in different instruments:

Indices: Trade major indices such as FTSE, S&P500, Dow Jones, German Dax, Nasdaq, and CAC 40 with leverage of up to 333:1.

Forex: Access major currency pairs like EUR/USD, GBP/USD, USD/JPY, as well as minor and exotic pairs with leverage of up to 500:1.

Equities: Take positions on UK shares, US shares, German shares, Saudi shares, and other euro shares with leverage ratios varying from 4:1 to 20:1.

Cryptos: Trade popular cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with leverage ratios ranging from 2:1 to 4:1.

Commodities: Engage in trading commodities such as US Crude, Gold, Silver, Coffee, Natural Gas, and Copper with leverage ratios ranging from 20:1 to 200:1.

Note: Leveraged trading involves risks and should be carefully considered.

Here is a comparison table of maximum leverage offered by different brokers:

Broker ADSS RoboForex Pocket Option Tickmill Exness AMarkets
Maximum Leverage 1:500 1:2000 1:500 1:500 1:3000 1:3000

Spread & Commissions

ADSS, like most brokers, makes a profit from spreads instead of charging commissions. Prices are competitive and traders can view current prices at any time. For CFDs and forex pairs, you can view the value, the change, the percent change, the open, the high, the low, and the previous. You can also view the required margin in percentage.

The broker does offer variable or fixed spreads. The target spreads for EUR/USD range from 1.6 to 2.4 pips depending on account type.

The Classic Account with a minimum deposit of $100 makes it more affordable for the most conservative traders, yet it carries higher spreads than the Elite account type. In the Classic account, target spreads drop to 1.6 pips on the EUR/USD. In contrast, ADSSs most competitive offering is the Elite account which requires a $200 000 deposit or a trading volume of more than $500 million per month. It comes with perks beyond discounted spreads.

Other spreads that traders can expect when trading with ADS Securities are:

GBP/USD Average: 1.1 pips

USD/JPY Average: 1.1 pips

AUD/USD Average: 0.8 pips

USD/CHF Average: 2.3 pips

Non-Trading Fees

There is a $15 processing fee per withdrawal, plus additional fees may be applied on the bank's side. The broker does not charge commissions for depositing funds, and there are no fees for inactivity on the account.

Trading Platforms

ADSS provides two trading platforms for its clients: ADSS Platform and MT4 (MetaTrader 4)

  1. ADSS Platform: The ADSS platform offers essential functionalities such as a product page, order ticket, charting tools, blotters, account summary, and funding options. It provides traders with an overview of relevant information, including price evolution charts, daily statistics, instrument overviews, and product access details. By expanding the view, traders can access additional trading information such as order sizes, margin requirements, commissions (if applicable), and overnight holding costs. The platform also displays any active working orders for efficient position management.

trading-platform

2. MT4 (MetaTrader 4): ADSS offers access to the widely recognized MT4 platform, known for its advanced charting capabilities, fast trade execution, and extensive range of technical analysis tools. Traders can benefit from the features and flexibility of MT4, including its user-friendly interface and robust functionalities. ADSS has customized the MT4 platform to ensure a secure and efficient trading experience for its clients.

trading-platform

Both platforms provide traders with the necessary tools and features to meet their trading needs. They offer charting options, order placement capabilities, and execution efficiency to enhance the overall trading experience.

Deposit & Withdrawal

ADSS offers multiple deposit and withdrawal methods for its clients. Deposits can be made using methods such as bank wire transfer, credit card, online bank transfer, Skrill, Neteller, and Cash U. Notably, ADSS stands out as the only broker in the UAE that provides funding through UAEPGS, a local payment gateway. Clients can also withdraw funds using the same options available for deposits.

While ADSS offers a diverse selection of deposit and withdrawal methods, it's important to consider that the broker applies a withdrawal fee of $15 for all withdrawal transactions. This withdrawal fee has had a negative impact on the broker's overall rating. On the other hand, ADSS does not impose any charges on deposits, although clients should be aware that their payment providers may apply fees.

There are many ways to deposit funds into ADSS accounts, so clients will have enough options to choose from. As a MENA-focused broker, ADSS provides the opportunity to use the local UAEPGS (UAE Payment Gateway Services) solution. Traders should note that there is no deposit fee at ADSS.

Deposit Method Base Currencies Fees
Wire Transfer USD No
Credit Card USD No
Online Bank Transfer USD No
Skrill USD No
Neteller USD No
Cash U USD No
UAEPGS AED No

The same options that are available for deposits can be used for withdrawals. Traders should note that ADSS charges a $15 withdrawal fee for all withdrawal methods.

Withdrawal Method Base Currencies Fees
Wire Transfer USD $15
Credit Card USD $15
Online Bank Transfer USD $15
Skrill USD $15
Neteller USD $15
Cash U USD $15
UAEPGS AED $15

Customer Support

The ADSS customer support team is multilingual and can be reached 24/5. The quickest way to get support is to use the instant web chat facility on the website. There is also an 'Enquiry form' on the 'Contact us' page of the website. A support representative will respond by email or by calling the enquirer. There are several phone lines provided by the support team. They can also be reached through email and fax. On social media, ADSS is on Facebook, Twitter, LinkedIn, and Instagram.

Client Enquiries:

Email: ts@adss.com

Phone: +971 2 657 2414

Address:

8th floor, CI Tower

Corniche Road, PO Box 93894

Abu Dhabi, United Arab Emirates

customer-support

Educational Resources and Community Support

ADSS provides a range of educational resources and community support to help traders enhance their skills and knowledge:

1. Learning Materials: ADSS offers a variety of learning materials, including trading guides, video tutorials, and a comprehensive financial glossary. These resources empower traders by providing them with the necessary information and understanding of trading terms and concepts.

2. Seminars and Webinars: ADSS organizes seminars and webinars conducted by industry experts. These events serve as valuable learning opportunities for both beginner and experienced traders. Participants can gain insights, learn new strategies, and stay updated on market trends.

3. FAQ Section: ADSS has a dedicated page that addresses common questions and provides answers related to ADSS, trading account information, and trading basics. This section aims to assist prospective clients and beginner traders by addressing their queries and providing helpful information.

4. MT4 Platform Tutorials: ADSS offers tutorials specifically designed for traders who are new to the MT4 platform. These tutorials provide step-by-step guidance on using the platform effectively, helping traders navigate its features and functions.

5. Educational Webinars: ADSS conducts educational webinars that cover various topics, including the risks and rewards of trading. These webinars provide valuable insights and guidance to traders, enabling them to make informed trading decisions.

6. Training Workshops: ADSS organizes training workshops in the UAE and UK, offering traders the opportunity to enhance their trading skills through practical training sessions.

These expert educational resources, seminars, webinars, tutorials, and workshops collectively support the ADSS trading community, fostering continuous learning and improvement among traders.

educational-resources

User Experience and Additional Features

ADSS offers a range of user experience enhancements and additional features to support traders in their trading activities. Traders can access exclusive market analysis provided by the research team, which includes daily and weekly market emails. These emails provide insights into market trends, fundamental analysis, and market sentiment on widely traded instruments. This information can assist traders in staying informed about the market conditions.

Furthermore, ADSS offers daily analysis and trading ideas delivered directly to traders' inboxes. This feature keeps traders updated on the latest market developments and provides potential trading opportunities. Additionally, ADSS provides technical data, including forex analysis via Autochartist trade set-ups, which can help traders analyze market trends and make informed trading decisions.

These user-friendly features and additional resources aim to enhance the trading experience for ADSS clients. By providing market analysis, trading ideas, and technical insights, ADSS supports traders in their decision-making process and helps them stay informed about market conditions.

user-experience

Conclusion

ADSS is a regulated brokerage company that provides traders with access to various financial markets and a range of account types to suit their needs. While it offers advantages such as competitive spreads, leverage, and multilingual support, there are also disadvantages to consider, including the abnormal regulatory status of the SFC and the withdrawal fee. Traders should carefully evaluate these factors before deciding to trade with ADSS.

Pros Cons
FCA-Regulated MT5 trading platform is not availabl
MT4 trading platform Lack of a comprehensive trading academy
Demo & Islamic accounts available Clients from some countries are not allowed to register
Professional customer support No 7/24 customer support available
Acceptable minimum deposit of $100
Competitive spreads and fees

FAQs

Q: Is ADSS regulated?

A: ADSS is regulated by the Financial Conduct Authority (FCA) and the Securities and Futures Commission of Hong Kong (SFC). However, it's important to note that the regulatory status of the Securities and Futures Commission of Hong Kong (SFC) is listed as “Revoked.”

Q: What are the tradable assets offered by ADSS?

A: ADSS offers indices, forex, equities, cryptocurrencies, and commodities as tradable assets.

Q: What are the different account types offered by ADSS?

A: ADSS provides Classic, Elite, and Elite+ account types to cater to traders with different capital sizes.

Q: What is the minimum deposit required to open an account with ADSS?

A: The minimum deposit required to open an account with ADSS is $100.

Q: What is the maximum leverage offered by ADSS?

A: ADSS offers leverage of up to 500:1.

tmgm

Let's Start Here:

TMGM appears to a respected forex broker, presenting access to more than 12,000 spanning forex, CFDs, and cryptocurrencies. Traders can enjoy competitive spreads across various instruments, exemplified by the EUR/USD currency pair with an average spread of around 0.1 pips. Moreover, TMGM extends a diverse set of trading platforms, notably including MetaTrader 4 and IRESS. Besides, TMGM enriches the trading journey with rich educational resources and trading tools. Lastly, 24/7 multilingual customer support stands ready. However, the question remains: Does TMGM truly live up to its claims? Let's explore more.

Pros & Cons

.TMGM has some strong points: solid regulation, competitive costs, lots of assets, and top-notch support. But there are a couple of downsides, like inactivity fees and no MT5 yet.

Pros Cons
• ASIC and FMA regulation • No US clients accepted
• Competitive spreads and low commissions • Inactivity fees applied
• Over 12000 trading instruments •MT5 not provided yet
• Both MT4 and IRESS platforms offered
• 24/7 multilingual cutsomer support
• Multiple account types with flexible options
• Rich educational resources
• High leverage up to 1:500

Overview

TMGM Review Summary in 10 Points
Founded 2013
Headquarters Sydney, Australia
Regulation ASIC, FMA,VFSC
Market Instruments forex, indices, shares, futures, precious metals, energies and cryptocurrencies
Demo Account Available
Leverage 1:500
EUR/USD Spread 1.0 pips
Trading Platforms MT4, MT5 (coming soon), IRESS
Minimum deposit $100
Customer Support Live chat, phone, email

What is TMGM?

Founded in 2013 and headquartered in Sydney, Australia, TMGM is an online ECN/STP broker. Notably, in 2016, TMGM introduced its MetaTrader 5 platform. Subsequently, the company achieved FCA membership in the UK during 2017. The year 2019 witnessed the launch of TMGM's mobile trading app, further enhancing accessibility. By 2021, TMGM's reach expanded to encompass over 200 countries worldwide.

Offering a diverse array of more than 12,000 trading instruments spanning forex, commodities, cryptocurrencies, and stocks, TMGM caters to traders through popular platforms including MetaTrader 4 (MT4) and Iress.

basic-info

Is TMGM Legit?

TMGM, a regulated broker, holds authorization from the tier-one regulator ASIC and is also licensed by the New Zealand Financial Markets Authority (FMA). Additionally, TMGM's international operations are overseen by the VFSC in Vanuatu offshore. Now, let's quickly delve into TMGM's regulations and licenses, which will shed light on how the broker ensures compliance with industry standards and protects clients.

Regulated Country Regulated Authority Regulated Entity License Type License Number
ASIC TRADEMAX AUSTRALIA LIMITED Market Making(MM) 436416
FMA TRADEMAX GLOBAL MARKETS (NZ) LIMITED Market Making(MM) 569807
VFSC Trademax Global Limited Retail Forex License 40356

Under the oversight of ASIC, a prominent tier-1 regulatory authority, TMGM's Australian branch known as TRADEMAX AUSTRALIA LIMITED operates with regulatory number 436416. This entity is licensed for Market Making (MM). As per the stringent rules set by ASIC, which is globally recognized, brokers must ensure the safety of clients' funds.

regulation

Supporting TMGM's ASIC license, an investigation team from WikiFX visited the company's registered address in Australia. This visit, conducted in person, revealed that the company is operating smoothly and on a large scale. This direct observation by the investigator enhances our confidence in TMGM's legitimacy and highlights its strong and credible operations under ASIC's regulation.

regulation
regulation

TMGM's another entity, the entity in New Zealand known as TRADEMAX GLOBAL MARKETS (NZ) LIMITED, similarly, holds a Maket Making (MM) lincense from the authorization of FMA.

regulation

Lastly, TMGM's international branch, Trademax Global Limited, operates under the regulation and authorization of VFSC offshore, holding a license for retail forex activities.

regulation

Market Instruments

TMGM goes above and beyond by offering an impressive collection of 12,000+ trading instruments, setting it apart as a broker with an exceptional range of options, covering 60 currency pairs, indices, and stocks sourced from major global exchanges. Moreover, TMGM extends its offerings to include futures, as well as sought-after precious metals like gold and silver. Adding to the mix are energies such as oil and natural gas, not to mention a selection of 10 cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

Trading Assets Available
Forex
label
Shares
label
Energies
label
Indices
label
Precious Metals
label
Cryptocurrencies
label
Futures
label
Indices CFD Dividend
label
Shares CFD Dividend
label
ETFS
label
Stocks
label
Options
label
markets

Account Types

TMGM tailors its account types to match the chosen trading platform. If you're using the MetaTrader 4 platform, they provide EDGE and CLASSIC accounts. Opting for the IRESS trading platform brings you a choice of STANDARD, PREMIUM, and GOLD accounts. Plus, for those who prefer Swap Free accounts or want to practice with demo accounts, TMGM offers those options as well.

MT4 Accounts: EDGE and CLASSIC

Both accounts require a minimum deposit of $100, quite reasonable for most regular traders to get started.

Classic Edge
Min Deposit $100 $100
Min Lot Size 0.01 Lot 0.01 Lot
Max Leverage 1:500 1:500
Funding Free Free
Execution Type ECN ECN
EA Available
label
label
Islamic Account
label
label
Hedging Allowed
label
label

IRESS Accounts: STANDARD, PREMIUM and GOLD

The minimum deposit requirement is $5,000 for STANDARD Account, $10,000 for PREMIUM Account, and $50,000 for GOLD Account. When it comes to fees, the Standard account entails a platform fee of $35 USD or $45 AUD per month. The Premium and Gold account holders, on the other hand, enjoy fee-free access to the platform. Additionally, all account types are subject to a data fee for each exchange they use.

Standard Premium Gold
Minimum Deposit $5,000 USD $10,000 USD $50,000 USD
Platform Fee $35 USD or $45 AUD / per month No Fee No Fee
Data Fee For Every Exchange For Every Exchange For Every Exchange
Min. Commission $ 10 N/A N/A
Commission Rate (cps) 2.25 7 1.8
Minimum(Trade Size) 333Shares N/A N/A
Financing Libor+3.5%/-3.5% Libor +3%/-3% Libor +2.5%/-2.5%
Demo Account
label
label
label

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 will 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 1:500, indices and energy with leverage of 1:100, and precious metals featuring 400x leverage.

Here's a table comparing leverage provided by major industry players. Notably, TMGM offers relatively higher leverage, though it appears somewhat more cautious compared to the other three competitors. However, users should remember that high leverage is a two-edged tool with potential risks.

Broker Exness FXTM IC Markets TMGM
Leverage Up to 1:Unlimited Up to 1:2000 Up to 1:500 Up to 1:500

Spreads & Commissions

TMGM offers competitive spreads and commissions on their trading instruments. The exact spreads and commissions vary depending on the account type and trading platform used. 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.

Generally, TMGM offers tight spreads on major forex pairs such as EUR/USD, with spreads as low as 0.0 pips. Commissions may be charged on some trading instruments, such as shares and futures. However, these commissions are generally competitive compared to other brokers in the industry.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
TMGM 0.0 pips $7 per round turn
Pepperstone 0.09 pips $3.5 per lot
eToro 1.0 pips $0
IG 0.6 pips $0
Plus500 0.8 pips $0
XM 0.9 pips $0

Note that commission rates may vary based on account type and trading volume, and spread rates may also vary depending on market conditions.

Trading Platforms

TMGM offers two popular trading platforms for their clients: MetaTrader4 (MT4) and IRESS.

Available Devices PC, Mac, Mobile ( OS and Android)
Language English
Scalping
label
Hedging
label
Automated Trading
label
One-click Execution
label
Web-based Trading
label
Mobile Trading
label
MT5
label
IRESS
label
cTrader
label
Proprietary Platform
label

MT4 is a popular and widely used platform that provides advanced charting tools, technical analysis indicators, and customizable trading robots. It also supports a variety of order types and execution modes, allowing for flexible and efficient trading.

trading-platform

IRESS, on the other hand, is a more sophisticated and feature-rich platform that is designed for more experienced traders. It offers advanced order management, risk management, and portfolio analysis tools, as well as advanced charting and technical analysis capabilities.

Both platforms are available on desktop, mobile, and web versions, providing traders with the flexibility to trade on their preferred device.

trading-platform

Additionally, MetaTrader5 is not provided yet, and according to the announcement of TMGM's website, this popular trading platform is coming soon.

Trading Tools

TMGM provides its traders with various trading tools to enhance their trading experience. These tools include:

  • Trading Calendar: A calendar that shows the dates and times of upcoming economic events, including central bank meetings, interest rate decisions, and other important announcements.

  • Market Sentiment Tool: A tool that allows traders to gauge market sentiment by analyzing the number of long and short positions held by other traders.

  • ForexVPS: A virtual private server that allows traders to run their trading strategies 24/7 without the need for a personal computer.

  • Trading Central: A research platform that provides traders with market analysis, trading ideas, and technical analysis tools to help them make informed trading decisions.

  • Traders Terminology: Type the keyword or term that you are looking for or select the letters to see the list of words.

  • Max-Calculator : The Max-Calculator is one of the best ways to help traders quickly evaluate the possible outcome of potential transactions or actions. In addition, this calculator will also help you calculate the margin easily.

Educational Contents Available
HUBx
label
Trading Calendar
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Market Sentiment Tool
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ForexVPS
label
Trading Central
label
Traders Terminology
label
Max-Calculator
label

Deposits & Withdrawals

TMGM minimum deposit vs other brokers

TMGM Most other
Minimum Deposit $100 $100

The minimum deposit and withdrawal amount is both $100. Depositing doesn't cost anything, but the time it takes and the currency options depend on your chosen payment method. Be aware, though, that some deposit methods like Union Pay, FasaPay, Visa, and MasterCard can't be used for withdrawals.

Payment Options Currencies Min.Deposit Min.Withdrawal Fees Processing Time ( Deposit) Processing Time ( Withdrawal)
NZD, USD, AUD, EUR, CAD $100 $100 $0 1-3 Working Day 1 Working Day
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USD $100 $100 $0 Instant 1 Working Day
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NZD $100 N/A $0 1 Working Day N/A
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USD $100 $100 $0 Instant 1 Working Day
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USD, EUR, GBP, AUD, NZD, CAD $100 $100 $0 1 Working Day 1 Working Day
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USD, EUR, GBP, AUD, NZD, CAD $100 $100 $0 1 Working Day 1 Working Day
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CNY $100 N/A $0 Instant N/A
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CNY $100 $100 $0 Instant 1 Working Day
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USD $100 N/A $0 Instant N/A
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USD, EUR, GBP, AUD, NZD, CAD $100 N/A $0 3 Working Days N/A
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MYR, THB, IDR, VND $100 $100 $0 Instant N/A
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USD, EUR, GBP, AUD, NZD, CAD $100 N/A $0 Instant N/A
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USD, EUR, GBP, AUD, NZD, CAD $100 N/A $0 Instant N/A

Other Fees

TMGM charges various fees, including spreads and commissions that we have mentioned before, as well as overnight financing fees. The specific fees vary depending on the type of account and trading platform used. TMGM does not charge any deposit or withdrawal fees, but clients may incur fees from their payment providers.

Additionally, TMGM charges an inactivity fee of $10 per month if there is no activity in the trading account for a period of six months or more. This fee will be deducted from the available balance of the account. However, if the available balance is less than $10, no inactivity fee will be charged. It is important to note that the inactivity fee is a common practice in the industry and is designed to encourage active trading and to offset the costs of maintaining inactive accounts.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
TMGM Free Free $10/month after 6 months of inactivity
Pepperstone Free Free for Australian Bank Transfer, $20 for International Transfer $0 after 12 months of inactivity
eToro Free $5 $10/month after 12 months of inactivity
IG Free $1 for AUD, CAD, and USD, £1 for GBP, €1 for EUR $18/month after 24 months of inactivity
Plus500 Free $1.5-$10 depending on withdrawal method $10/month after 3 months of inactivity
XM Free Free $5/month after 90 days of inactivity

Customer Support

TMGM offers customer support through multiple channels including live chat, phone, email, and social media (YouTube, Twitter, Facebook, Instagram and LinkedIn).

Contact Channels Details
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+612 8036 8388
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support@tmgm.com
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24/7
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Sydney office, Melbourne Office, Adelaide Office, Canberra Office, Auckland Office
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https://www.facebook.com/TMGMgroup
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https://twitter.com/TMGMgroup
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https://www.youtube.com/tmgmgroup
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https://www.instagram.com/tmgmgroup/
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https://www.linkedin.com/company/tmgmgroup
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https://api.whatsapp.com/send/?phone=61452597488&text&app_absent=0

You'll find an extensive and user-friendly FAQ section right on their website, covering a wide range of topics, from account setup to trading strategies, making it an invaluable tool for traders of all levels.

Pros Cons
• Multiple languages supported • No dedicated account manager or personal service
• Quick response times to inquiries • Limited availability on weekends and holidays
• Personalized service with tailored solutions

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.

Conclusion

To sum it up, TMGM stands out as a respected and regulated broker. They offer a diverse set of trading options and platforms, including the sought-after MetaTrader4 and IRESS. Plus, they shine when it comes to customer service and educational materials. Not to mention, their spreads and commissions are pretty darn competitive too. Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.

Frequently Asked Questions (FAQs)

Q1: Is TMGM regulated?

A1: Yes. It is regulated by ASIC, FMA and VFSC.

Q2: At TMGM, are there any regional restrictions for traders?

A2: Yes. Products and Services offered on their website are not intended for residents of the United States.

Q3: Does TMGM offer demo accounts?

A3: Yes, demo accounts are available.

Q4: Does TMGM offer the industry-standard MT4 & MT5?

A4:Yes. It supports MT4, and MT5 is coming soon.

Q5: What is the minimum deposit for TMGM?

A5: The minimum initial deposit at TMGM to open an account is $100.

Are the transaction costs and expenses of adss, tmgm lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive adss and tmgm are, we first considered common fees for standard accounts. On adss, the average spread for the EUR/USD currency pair is -- pips, while on tmgm the spread is From 0.

Which broker between adss, tmgm is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

adss is regulated by FCA,SFC. tmgm is regulated by ASIC,FMA,VFSC.

Which broker between adss, tmgm provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

adss provides trading platform including -- and trading variety including --. tmgm provides trading platform including Edge ,Classic and trading variety including FX: 56 Bullion: 3 Oil: 2 CFD: 20 Crypto: 12 Shares: 48.

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