Introducing TMGM: Your Guide to the World of Forex

TMGM stands for TradeMax Global Markets. In addition to numerous tools that traders find appealing, the broker has endeavored to provide worldwide traders with access to the Forex market. However, there are a few areas in which they could further elaborate on this. In comparison to some other competitors, it has lower spreads. This means that day trading is a good option here. Later in this TMGM review, you will be told every important aspect in detail.

Foundation	2013
Trading platforms	MT4 (desktop, mobile, web), MT5 (desktop, mobile), IRESS
Accounts	Edge, Classic
Withdrawal	Credit Cards, Neteller, Sticpay, Skrill, Paytrust, Fasapay, Revolut, Wise, Regional Operators, Bank Wire Transfer
Instruments	Currency pairs (50), CFDs on stocks (15,000), indices (15), metals (3), energy resources (2)
Account currencies	USD, EUR, GBP, AUD, CAD, NZD
Minimum Deposit	100 USD
Leverage	Up to 1:100 for energy CFDs, up to 1:400 for metals CFDs, up to 1:500 for other instruments
Minimum order	0.01
Mobile trading	Yes
PAMM Accounts	No
Bonuses	No

• The TMGM broker provides five asset classes;
• All client funds are held in separate accounts;
• All analytical tools, VPS servers, and other options are provided to TMGM traders free of charge;
• TMGM protects negative balances;
• The popular trading platform HUBx is available to investors;
• Automatic trading is allowed.

TMGM broker offers two typical account categories from which you can pick one. An account that charges you only the spread will be available for your selection, as will another one that demands spreads on top of commissions. This type of account goes by the name Edge while the former goes by Classic. With spreads as little as 0 pips, it is possible to have these charges imposed upon trades so they incur maximum costs; anyway, there is always some charging too.

There are similar ways to deposit and withdraw money for both, while the minimum account balance remains constant in each case at $100. The maximum leverage is consistent across all types which means if you sign up for classic or elite account types, then 1:500 leverage is what you should expect in all cases. The two account types also offer access to MetaTrader therefore it can be used on any account TMGM MT4 and MT5.

Type of Account	Description	Fee	Withdrawal Fee
Classic	For this type of TMGM account, spreads are applied starting from 0.0 pips. Traders pay a fixed commission of 7 USD per round, which is equivalent to 3.5 USD per lot in one direction.	From $10	No
Edge	Holders of this type of trading account pay a commission in the form of a spread of 1.0 pips. No additional commissions are charged.	From $7	No

Useful services of TMGM

• Economic Calendar. The company’s clients can follow all important events expected in the world of trading. The economic calendar shows the calendar for the next two weeks. You can also set filters and sort by assets, volatility, etc.
• Market Buzz is a market sentiment indicator. Traders can customize it on timeframes from 1 hour to 1 month. The indicator shows the number of buy/sell trades, the number of articles and social media posts about the asset, etc.
• VPS. TMGM broker offers VPS servers for traders which enable them to maintain open trades when the trading terminal closes.

TMGM provides the IRESS trading platform which is advantageous. There are lots of barriers that confront the global stock market newcomers. An IRESS account removes these barriers thus enabling you to buy and sell the stock in various nations without limitation. 

Do not consider IRESS if your main concern is Forex trading. Every other exchange except the US ones is right for you. Conversely, if you want to trade shares on other stock markets like Singapore, Hong Kong or perhaps the UK then go ahead with it. IRESS is best suited for stock exchange professionals; its stipulated minimum deposit is much greater compared to ordinary TMGM accounts that permit access to MetaTrader. An IRESS account with a TMGM broker requires a minimum deposit of $5,000 from you.

Trademax HUBx trading platform for copying trades

TMGM broker offers its clients an opportunity to copy trades of other traders. Thanks to this, you will be able to earn additional income, as well as know how to analyze the market and how trading strategies work. To copy trades, you need to open a trading account with Trademax and go to the HUBx section of your user account. Then you need to select the most suitable trader and subscribe to him. The average commission in HUBx is 20% of profit.

Fund Manager

This is an offer for MAM managers. TMGM Multi-Manager allows you to connect an unlimited number of accounts.

Introducing Broker (IB)

Trademax provides an MGM platform for brokers and financial institutions in need of software. The platform provides statistics, has promotional materials to attract clients, etc.

TMGM operates strictly according to regulations; therefore, one feels no fear while depositing cash there. By following certain rules, TMGM broker creates a safe atmosphere for every trader at all times. This way, you can freely sell or buy currency pairs at the same time have nothing to worry about because these same rules protect your money. Top-level authorities that oversee its procedures include:

• Australian Securities and Investments Commission.
• Vanuatu Financial Services Commission.
• Financial Markets Department.

1. On the main page, click the TMGM portal button. Next, the menu for entry/registration will open. At the top of the screen, select “Register”.
2. Complete the registration form that includes three steps – basic, additional information, and account configuration. At the verification stage, that information must be verified. You should choose this information type, leverage, and basic currency while configuring your account.
3. The last stage of registration is the check. Download copies of your personality document and a document that confirms your residence address.
4. Now you can TMGM login and trade.