Before you start trading with a new broker, you must take a few factors into account. For instance, it’s important to check the financial stability of the company. Publicly-traded companies can be more stable than smaller firms due to financial reporting requirements. However, a TMGM broker is not publicly-traded, and its LinkedIn page lists its staff as being between 51 and 200.
TMGM is a regulated ECN broker
Traders who are looking for a regulated ECN broker should look into TMGM, as this brokerage company is well regulated by the CFTC and other regulatory bodies. This makes the firm more reliable and safe to work with. Moreover, TMGM has a number of features that are ideal for traders. This includes a wide range of trading instruments, a secure trading platform, and a mobile trading app.
The trademax global market group is an Australian firm that started its business in 2015. The company provides access to the Forex market for traders across the globe. It has a professional technical staff and uses the ECN model to provide superior trading conditions. This type of technology allows traders to benefit from high-speed executions and low fees.
TMGM accepts payment cards and international bank transfers. Customers may also deposit and withdraw money through electronic wallets. Deposit and withdrawal fees are minimal. However, clients are advised to check their bank’s or online payment processor’s fees before making a deposit or withdrawal. Cryptocurrency trading is also available at TMGM.
TMGM also offers premium trading tools, including advanced charting through TradingView. The company is primarily a forex broker, but also offers a wide range of CFD instruments. The company uses Equinix servers to provide liquidity and ensure fast execution of trades. The company offers more than 12,000 trading products.
TMGM offers two types of accounts, each with different features and pricing. Clients can choose between a spread-only account or a spread-plus-commission account. The account opening process takes between ten minutes and a day and funds are available to clients after approval.
TMGM offers a solid range of trading assets and has good security for funds. The spreads are also competitive. There are two trading platforms at TMGM – MT4 and IRESS. However, TMGM lacks MT5 support, which could be a problem for some traders.
It offers a wide range of trading platforms
The TMGM broker offers multiple trading platforms to its clients. These platforms include MetaTrader 4, MetaTrader 5, and institutional grade IRESS. In addition to providing users with access to the market, these platforms also offer advanced functions, including automated trading. Additionally, TMGM provides its clients with push notifications, audio alerts, and email notifications to help them stay on top of the markets. Users can also use tools like Market Watch to track their favorite instruments and follow live quotes. Other features include One Click Trading, which lets traders execute orders in one click without secondary confirmation.
Traders from all over the world can open an account with TMGM. However, the broker does not provide online trading services to US residents. In addition, some features may not be available to people in certain countries. TMGM is an Australian company that holds a financial services license. Moreover, the broker segregates client funds from its own funds.
Withdrawal options include bank transfers, credit/debit cards, and electronic wallets. Withdrawals are usually processed within a business day. For those who prefer not to use credit/debit cards, TMGM provides wire transfer, which is a traditional method of sending funds between banks. The process is safe and secure and is recommended for traders who do not have a credit card or want to avoid third party payments.
In addition to its trading platforms, TMGM also offers a training academy. Its three-step education course helps novice traders understand the basics of trading and more advanced strategies. To further enhance your knowledge, TMGM also conducts trading competitions. These competitions usually last three months, and the winner receives a prize worth up to $148,000. You can find more information on the competitions and the eligibility criteria on the brokerage website.
The trading environment at TMGM is highly competitive. In addition to offering 15,000 currency pairs, TMGM also offers 50 cryptocurrencies and a range of CFD instruments. As one of the largest forex brokers in the world, TMGM provides a high level of liquidity and fast execution through its Equinix servers. Moreover, it also offers an extensive range of trading products, including commodities, stocks, and energies.
Traders can choose from popular forex trading platforms such as MetaTrader and IRESS. MetaTrader 4 is the most popular platform among traders, and MetaTrader 5 is expected to launch soon. Traders can also choose from IRESS, which is a cloud-based trading platform that requires no software installation.
For beginners and those who have extensive knowledge of forex trading, TMGM offers two high-quality trading platforms. The first is MetaTrader 4, which offers one-click trading solutions and customizable market depth analysis. The second is MetaTrader 5, which offers more advanced options and efficiency upgrades. Both trading platforms provide access to technical charts and a full suite of tools.
Traders can deposit and withdraw their money through various payment methods. Major credit cards, e-wallet platforms, and bank wire transfers are available. In addition, clients can use local payment services like POLi in Australia. Traders can also set up free demo accounts on the MT4 platform. Traders can fund their accounts with five different currencies, including USD.
It has a $5,000,000 civil liability insurance program
TMGM is a multi-jurisdictional broker that adheres to the “customer first” philosophy and offers its customers a variety of professional liability insurance programs. These programs are designed to safeguard the financial security of the customer and comply with multiple regulations. The company partners with an insurance company that offers up to AUD 5 million in single insurance coverage.
TMGM is a registered company with the Financial Services Commission of Vanuatu and is headquartered at 1276 Kumul Highway, Port Vila, Vanuatu. The company is regulated by the Australian Securities and Investment Commission (ASIC) and Vanuatu Financial Services Commission (VFSC). It is also covered by a $5,000,000 Civil Liability Insurance program that protects customer deposits against financial losses caused by errors, omissions, negligence, fraud, and other risks. TMGM also maintains separate trust accounts with NAB for high-net-worth individuals and organizations.
TMGM is also transparent about their fees. The company’s website clearly lays out the terms and conditions of its services. Account Types, Regulatory Supervision, and Legal Documents pages list the fees associated with each account type. These fees will help you compare the firm with other options.
TMGM broker has $5,000,000 civil liability insurance program to protect their clients. This is a critical aspect of the brokerage business and should not be overlooked. A good example is the MX6E. variable. It is the most common and widely used indicator on the market today.
