Abstract：In this article, we'll look in-depth at TMGM, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.
In this article, we'll look in-depth at TMGM, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX aims to provide you with the information you need to make an informed decision about using this platform.
TMGM, previously TradeMax, was established in 2013. In 2018, they officially changed their name to TMGM. TMGM is headquartered in Sydney, Australia, with additional offices in New Zealand and Melbourne.
The TMGM founders have a trading background, so they focus on creating reliable electronic trading solutions for everyday investors, solving various issues they face. TMGM's offerings include over 12,000 foreign exchange pairs, precious metals, energies, stock index CFDs, and more.
Types of Accounts:
TMGM offers two types of trading accounts, namely Edge and Classic:
Edge account requires a minimum deposit of $100. Raw spreads start from 0 pips and charge a commission of $7 per round. The maximum level of leverage is 500 times. On the other hand, the Classic account is commission-free with variable spreads starting from 1.0 pips and above. This account requires a minimum deposit of $100, and its maximum level of leverage is 500 times.
In addition, swap-free Islamic accounts are also available for Muslim traders upon request.
Meanwhile, TMGM also provides 3 IRESS accounts that could accommodate different trading styles, as shown above.
Deposit and Withdrawals:
Below are the deposit options that TMGM offers:
Below are the withdrawal options that TMGM offers:
TMGM presently offers two trading platforms, namely MT4 and MT5. Additionally, TMGM extends the accessibility of the iRESS web-based institutional-level trading platform, catering to users on Windows, iOS, and Android platforms.
Moreover, TMGM enhances its services with a trading calendar, market sentiment tools, Virtual Private Server (VPS) options, and a complimentary financial news service available within the trading centre, all designed to benefit its account holders.
Research & Education:
TMGM stands out among forex brokers with its distinctive offering known as TMGM Academy. This feature serves as a valuable educational resource for individuals looking to grasp the fundamentals of forex trading. TMGM Academy encompasses three progressive stages: the Beginner Stage, Intermediate Stage, and Advanced Stage, catering to traders at various skill levels.
TMGM provides 24/7 professional customer service so customers can get the support and assistance they need anytime. TMGM also provides customer service options in more than 10 languages for customers unfamiliar with English.
To summarize, here's WikiFX's final verdict:
WikiFX, a global forex broker regulatory platform, has given TMGM a WikiScore of 9.37 out of 10, indicating that it is a highly reliable broker in the forex trading industry.
Upon examining IG's licenses, WikiFX found that TMGM is a highly regulated broker, holding several valid licenses issued by well-recognized regulatory bodies, such as ASIC, FMA, and VFSC.
Moreover, TMGM operates under the diligent supervision of three prominent financial institutions and takes proactive measures to ensure its customers' financial security, offering Personal Indemnity (PI) insurance coverage of up to A$5 million.
WikiFX also sent our global field survey team to verify the business premise of TMGM in Australia, where they confirmed the presence of the dealer's logo prominently displayed at that address.
In conclusion, TMGM is a good and safe choice for traders.
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