Question 1

Is TMGM regulated and safe for forex and CFD trading?

Accepted Answer

TMGM is regulated by multiple authorities, including the Australian Securities and Investments Commission (ASIC), the Vanuatu Financial Services Commission (VFSC), the Financial Services Commission (FSC) of Mauritius, and the Capital Markets Authority (CMA) of Kenya. ASIC is a Tier-1 regulator, offering the highest level of regulatory protection, while the others are Tier-3 regulators. TMGM ensures client fund safety by keeping funds in segregated accounts with a top-tier Australian custodian bank and provides negative balance protection for certain entities. Additionally, TMGM has professional indemnity insurance coverage up to AUD 10 million. These measures make TMGM a safe and trustworthy broker to trade with.

Question 2

What are the trading fees and minimum deposit requirements at TMGM?

Accepted Answer

TMGM offers two primary account types: Classic (commission-free with floating spreads from 1.0 pip) and Edge (raw spreads from 0.0 pips with a $7 round-turn commission). Spreads on major currency pairs such as EUR/USD range from low to average, and the broker provides favorable conditions especially for cryptocurrencies and share CFDs. There are no deposit or withdrawal handling fees charged by TMGM, although third-party fees may apply. The minimum deposit to open an account with TMGM is $100 (AUD). An inactivity fee of $10 per month applies after 12 months of inactivity.

Question 3

How does TMGM handle deposits and withdrawals for investors?

Accepted Answer

TMGM accepts deposits through multiple methods including bank wire transfer, credit/debit cards, PayPal, PayID, Revolut, and Wise across various currencies such as USD, AUD, EUR, and others. Deposits are typically instant or processed within 1-3 business days depending on the method. Withdrawals are exclusively processed via bank wire transfers with no fees charged by the broker, but processing times are generally within 1-3 business days. Notably, for the Australian client entity, withdrawals are limited to bank wire only.

Question 4

Is TMGM beginner-friendly for new forex and CFD traders?

Accepted Answer

TMGM is considered beginner-friendly due to several factors: it requires a relatively low minimum deposit of $100 AUD, offers reliable 24/7 multilingual customer support via live chat, phone, and email, and provides educational resources including a Trading Academy with fundamental trading articles, tutorials, and webinars. Additionally, the availability of demo accounts allows beginners to practice trading risk-free. However, TMGM's educational content is oriented mainly towards beginners covering the basics, so more experienced traders may require additional learning elsewhere.

Question 5

Which trading platforms and tools does TMGM provide for traders?

Accepted Answer

TMGM supports popular trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), its proprietary TMGM mobile app, and the HUBx social and copy trading platform. MT4 and MT5 are available on desktop, web, and mobile, supporting automated trading with Expert Advisors (EAs), one-click trading, and strategy testing. TMGM offers free Virtual Private Server (VPS) hosting for funded accounts with $3,000 minimum balance and monthly trading volume of 7 lots, aiding low-latency execution. The TMGM app integrates advanced charting with TradingView and real-time market news from Trading Central, making it a comprehensive choice for traders looking for technical and research tools.

Question 6

What tradable instruments and markets does TMGM offer?

Accepted Answer

TMGM provides a broad range of tradable instruments including over 150 CFD instruments and up to 15,000 trading assets (according to second source), covering more than 50 currency pairs (major, minor, and exotic), commodities (metals and energies), share CFDs, indices, cryptocurrencies, and ETFs. This offers traders and investors the flexibility to diversify their portfolios across different asset classes. However, the selection of share CFDs is relatively low compared to market averages, and TMGM does not offer real stocks, bonds, or futures contracts for longer-term investing.

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