- more than 15,000 trading instruments.
- Spreads from 1.0 pips.
- HUBx copy trading service.
- 3 trading terminals.
- Training for traders
- No MAM or PAMM accounts.
- You cannot access your account without verification.
- Support works 24/5.
Information
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 12,000 trading instruments spanning forex, indices, metals, energies, shares, and cryptos, TMGM caters to traders through popular platforms including MT4 and MT5.
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 energies, 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.
Account Type
TMGM offers three account types, including Standard, Pro, and ECN, with minimum deposit requirement of 100 USD. Islamic account and demo account are both avaiable for these three live account types.
Leverage
TMGM offers quite a high trading leverage up to 1:1000 on all account types.
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.
Spreads & Commissions
TMGM offers competitive spreads and commissions on their trading instruments. The exact spreads and commissions vary depending on the account type.
Trading Platforms
TMGM offers popular trading platforms for their clients: MetaTrader4 (MT4), MetaTrader5 (MT5), and TMGM App.
Deposits & Withdrawals
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.
Customer Support
TMGM offers 24/7 customer support through multiple channels including live chat, phone, email, and social media (YouTube, Twitter, Facebook, Instagram and LinkedIn).
