TMGM Review 2023: Platforms, Regulations & More

TMGM is an international currency trading firm with a notable presence in the Australian and New Zealand markets.

TMGM Main Highlights

🚀 Minimum deposit:	100$
⚖️ Leverage:	1:500
🛡️ Regulations & Licenses:	ASIC, FMA
💵 Deposits/Withdrawals:	Electronic wallet, bank card,
💻 Trading platform:	MT4, MT5 (coming soon), IRESS, Mobile app
🌙 Islamic Account:	Yes
🔗 Main domain:	tmgm.com

A Look at TMGM

TMGM is an Australian-based online ECN/STP broker established in 2013.

It offers a variety of financial instruments, including forex, commodities, cryptocurrencies, and stocks, to trade on its own trading platform as well as the popular MetaTrader4 (MT4) and Iress platforms.

The firm is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA). TMGM boasts competitive pricing, fast order execution, and a wide range of instructional resources to assist traders of any skill level.

TMGM Account Types

This Forex broker offers two distinct account types for their clients – Edge and Classic.

Their demo accounts provide the opportunity for users to practice trading with no financial risk.

The Edge account has spread as low as 0.01 pips and features commissions, while the Classic accounts utilize spreads alone. It is up to the trader to decide which one best meets their needs.

Edge account

The TMGM Edge account is an ideal choice for traders who prefer a short-term trading approach and are looking for the best value for their money.

This type of account is designed for those who rely on market news and Expert Advisors (EAs) to make their trading decisions. The spreads on the Edge account are lower than on other types of accounts, which makes it a cost-effective choice for traders who employ scalping strategies.

This account is also suitable for those who want to benefit from tight spreads over the long run.

Demo account

TMGM is a popular trading platform that offers a free MT4 demo account. These accounts come with virtual funds and are available for use for 365 consecutive days.

However, if the account is inactive for more than 6 months, it will be closed.

You can choose from three virtual funds amounts – $5000, $10000, and $50000 – when setting up the demo account.

Classic account

The TMGM Classic account type is designed for those who prefer to use strategies for the mid-term or long-term that do not require tight spreads. It provides spreads of 1 pip or lower, making it an ideal choice for these types of strategies.

Islamic account (swap-free)

TMGM has created a special Swap-Free account specifically tailored to those who are unable to pay or earn interest due to their religious beliefs. The account is only available to those with an Edge account, requiring a minimum deposit of $100 and a 0.01 lot size.

Designed to help those who cannot receive or give interest due to their faith, this no-interest account allows them to continue trading without the worry of interest payments.

TMGM Regulations and Licenses

TMGM has gained authorization from a number of organizations to offer financial services. The funds of the broker’s customers are held in segregated bank accounts managed by National Australia Bank, one of the biggest banking entities both in Australia and across the globe.

Clients’ funds will be kept secure and returned to them in the highly unlikely event that TMGM is declared bankrupt, as the segregated funds will not be used to assist in the broker’s bailout.

Regulated by:

• VFSC: Vanuatu Financial Services Commission
• FMA: New Zealand Financial Markets Authority
• ASIC: Australian Securities and Investments Commission

TMGM Trading Platforms

TMGM furnishes its website with a selection of straightforward and convenient trading platforms. It offers forex software such as MetaTrader4, MetaTrader5, and IRESS alternatives.

MetaTrader 4

TMGM is widely acknowledged as the go-to platform for trading foreign exchange, so it’s no shock that MetaTrader4 (MT4) is its most popular version. This platform offers a broad range of features for both novice and experienced traders to effectively review the trading and money markets.

With MT4, traders can have access to real-time rate feeds, and the newest news in the financial sector, utilize analysis tools, analyze technical charts, and connect to trade liquidity providers. The only downside to MT4 is that the selection of stocks accessible is restricted to IRESS.

MetaTrader 5

MetaTrader5 (MT5) is the advanced version of MetaTrader4. It includes all the features you are accustomed to but with extra benefits. MT5 provides additional charting options, a range of trading tools and more timeframes. It also comes with a multi-currency strategy tester and deeper market pricing.

Although MT5 is not yet available to traders, it is expected to be available in the near future.

IRESS

TMGM’s “next-generation trading platform” is the brokers’ IRESS platform. The main reason to use this platform for trading is to get access to exchange pricing and depth of market via Direct Market Access (DMA).

The platform stands out for its capacity to customize its workspace using a modular structure. This provides users with the data and information that is relevant to them and is easily adaptable and adjustable, giving users full control over the way the data is viewed.

TMGM app

TMGM offers a mobile application of MetaTrader 4 for trading on mobile gadgets, accessible for both Android and iOS. It has great features such as notifications, single-click trading, automated trading, and trading right from the chart.

The MetaTrader 4 mobile app also provides numerous choices for orders, including stop orders and pending orders. However, trailing stop-loss orders are only accessible through desktop computers. To alter the language of the MT4 program, you have to modify the language of the entire phone. Both MT4 and MT5 can be downloaded as mobile applications for Android and iOS devices.

They are secure, convenient to use, and offer users access to the vast functionalities and features of these terminals on the desktop or web.

TMGM Financial Instruments

You can diversify your portfolio with more than 12,000 products in seven different asset classes, such as Forex, Futures, Energies, Metals, shares, and Crypto.

Forex

The foreign exchange market is the biggest in the world, with a monumental $6.5 trillion in daily trading volume. By comparison, the New York Stock Exchange is much smaller, handling only $20 billion in trades.

With TMGM, traders from all around the globe can take advantage of the forex and CFD markets, as they are open 24 hours a day, 7 days a week. The platform has a vast selection of major, and cross-pair currencies, all of which have spreads starting at 0 pips.

Indices

By trading indices via TMGM, investors can gain exposure to international markets for stocks. Multiple options are available, including the US S&P 500, the German DAX, the Japanese Nikkei and the UK FTSE 100.

What’s more, TMGM provides access to a wide selection of CFD and forex trading markets and instruments, and also offers users the ability to trade CFDs with leverages of up to 1:100.

Shares

TMGM enables traders to capitalize on worldwide markets by trading stocks. It offers investors the opportunity to both short sell and long buy.

Clients can access the range of stocks on the US, Australia, UK, Hong Kong, Chinese, and Singapore stock exchanges through MetaTrader 4 or the IRESS platform for CFD trading. This means that investors can access these markets 24/7.

Metals

At TMGM, customers have the opportunity to diversify and speculate in the precious metals market without actually having to possess the physical products. With an MT4 account, traders can take advantage of Silver, Gold, CFDs, Platinum, and Gold CFD markets.

Plus, the TMGM Aggregation Engine makes sure that customers are provided with the most beneficial spreads, starting from 0.0 pips.

Energies

An outstanding way to mix up your investment portfolio is to use TMGM to trade in Contracts for Difference (CFDs) on energy sources such as oil and gas. With TMGM, you don’t need to purchase energy products to benefit from the market’s depth.

For example, you can make CFD trades in Brent Crude Oil or WTI Crude Oil through the TMGM platform. In addition, you can also invest in the Natural Gas Market.

Cryptocurrencies

TMGM offers trading of digital currency for those interested in the sector. Popular crypto coins such as Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH) are accessible via the MT4 trading platform, without needing to open a separate browser.

This makes it possible for investors and traders to access their preferred assets with ease.

TMGM Tools

HUBx

LifeByte and TMGM have teamed up to produce a platform that facilitates collaboration between the fund manager and their investors in their trading activities. It integrates seamlessly with MetaTrader 4 and contains three distinct components.

Forex VPS

TMGM has partnered up with ForexVPS to provide a comprehensive VPS service. It is an ideal choice for those running EAs or other signals on the MT4 platform. You can avail of the basic VPS service without charge, though you must make an initial payment of $3,000.

Three MT4 programs can be run simultaneously with a latency of one millisecond and an assurance of 100 percent uptime. To access the ultra-fast VPS service, a starting pay of $20,000 is required.

Market sentiment tool

The Market Sentiment tool by Trading Central is now accessible to all TMGM clients. It provides an easy-to-use and efficient way to view a clear summary of the current market sentiment for any asset. This application takes account of daily news and information from professional news sources, social media, and personal blogs.

It is available in seven languages and includes a daily email newsletter.

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