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Do you want to know which is the better broker between GMI Edge and TMGM ?
In the table below, you can compare the features of GMI Edge , TMGM side by side to determine the best fit for your needs.
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EURUSD:0.1
EURUSD:-1
EURUSD:10.08
XAUUSD:23.62
EURUSD: -6.35 ~ 2.75
XAUUSD: -37.21 ~ 23.55
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of gmi-edge, tmgm lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Feature | Information |
Registered Country/Region | Vanuatu |
Found | 2018 |
Regulation | Suspicious clone |
Market Instrument | Gold, oil, Silver, forex and indices |
Account Type | Cent, Standard, Standard Bonus and ECN |
Demo Account | yes |
Maximum Leverage | 1:2000 |
Spread (EUR/USD) | Above 2 pips |
Commission | Vary on the account type |
Trading Platform | MT4 for Windows, MacOS, Android and Web |
Minimum Deposit | $15 |
Deposit & Withdrawal Method | Local Banks Transfer, Neteller and Skrill |
Founded in 2018, GMI Edge is an offshore trading broker that provides online trading via MetaTrader4 (MT4) on a variety of different asset classes including forex, indices, precious metals, energies and CFDs. GMI Edge is the trading name of Global Prime Limited, a regulated and licensed dealer in securities by the Vanuatu Financial Services Commission (VFSC, suspicious clone), with regulatory license number: 14647. GMI Edge is part of the GMI Group of companies. The GMI brand was established in 2009.
Traders can access leverage ratios ranging from 1:500 to 1:2000, depending on the account type. However, explicit information about spreads is not readily available on the GMI Edge website. The broker offers the popular MetaTrader 4 (MT4) trading platform, which allows traders to customize their strategies, utilize expert advisors, and access a wide range of analytical tools. GMI Edge also provides the Multi-Account Manager (MAM) platform for money managers to trade multiple accounts.
Deposits and withdrawals can be made through various methods, including local bank transfers, Neteller, and Skrill. The minimum deposit requirement varies based on the chosen method. GMI Edge has a mobile app for convenient account management and trading on the go. However, customer support contact information is limited to email and live chat, with no disclosed telephone numbers or company address.
Considering the lack of regulatory oversight and transparency, it is advisable for traders to approach GMI Edge with caution and consider alternative brokers with a solid regulatory status and more transparent operations.
Here is the home page of this brokers official site:
GMI Edge has both advantages and disadvantages that traders should consider. One of the pros is the availability of a wide range of market instruments, including commodities, major currency pairs, and indices, providing traders with diverse trading opportunities. Additionally, the broker offers different types of trading accounts with varying leverage options, catering to the individual preferences and risk tolerance of traders. The provision of the popular MetaTrader 4 (MT4) platform and the additional Multi-Account Manager (MAM) platform for money managers enhance the trading experience. Furthermore, GMI Edge provides a mobile app for convenient account management and trading on the go.
On the downside, GMI Edge lacks proper regulatory oversight, as it is not regulated by a recognized financial regulatory authority. The claimed regulatory license from the Vanuatu Financial Services Commission (VFSC) is suspicious and not considered valid, which raises concerns about the level of investor protection and oversight provided by the broker. Moreover, the broker does not disclose explicit information about spreads, which makes it difficult for traders to assess the trading costs upfront. Limited customer support options, with only email and live chat available and no disclosed telephone numbers or company address, can also be a drawback for some traders.
Pros | Cons |
Wide range of market instruments | Lack of proper regulatory oversight |
Different types of trading accounts | Suspicious and questionable regulatory license |
Variety of leverage options | Lack of transparency regarding spreads |
Availability of MetaTrader 4 (MT4) platform | Limited customer support options |
Additional Multi-Account Manager (MAM) platform | No disclosed telephone numbers or company address |
Mobile app for account management |
GMI Edge is not regulated by a recognized financial regulatory authority. The claimed regulation by the Vanuatu Financial Services Commission (VFSC) with license number 14647 is suspected to be a clone and is not considered valid. The VFSC is an offshore regulatory body, and trading with an unregulated broker carries significant risks. It is important to note that unregulated brokers may not provide the same level of investor protection and oversight as regulated brokers. Therefore, it is advisable to exercise caution and consider alternative regulated brokers with a solid regulatory status when choosing a trading partner.
GMI Edge offers a selection of market instruments for trading. These instruments include:
1. Gold, Oil, Silver: Traders have the opportunity to trade in commodities such as Gold, Oil, and Silver. These instruments are available for trading 23 hours a day, and GMI Edge aims to provide competitive costs in this regard.
2. Forex: GMI Edge enables traders to participate in the foreign exchange market. Major currency pairs such as the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Australian Dollar, and Canadian Dollar are available for trading. GMI Edge offers high leverage and the option of Swap Free accounts.
3. Indices: GMI Edge allows traders to access global financial markets through Contracts for Difference (CFDs) on various indices. Some of the indices available for trading include Dow Jones, NASDAQ, S&P, FTSE, DAX, CAC, NIKKEI, Hang Seng, and China A50.
Pros | Cons |
Wide selection of commodities, including Gold, Oil, and Silver | Lack of transparency regarding trading costs |
Availability of major currency pairs for forex trading | Limited information about spreads |
Access to global financial markets through various indices | |
Opportunity to trade 23 hours a day |
GMI Edge offers four different types of trading accounts: ECN, Cent, Standard, and Standard Bonus. Each account type has its own minimum deposit requirement, contract size, leverage options, and other features.
ECN ACCOUNT
The ECN account requires a minimum deposit of $100 and offers leverage up to 1:500. It has a commission fee of $4 per lot and allows for a maximum order size of 500 lots on MT4 and 1,000 lots on GMI Edge. The ECN account does not offer a swap-free option.
CENT ACCOUNT
The Cent account has a minimum deposit requirement of $15 and provides leverage up to 1:1000. It does not charge any commission and allows a maximum order size of 200 lots on MT4. The Cent account also offers a swap-free option.
STANDARD ACCOUNT
The Standard account requires a minimum deposit of $25 and offers leverage up to 1:2000. It does not charge any commission and allows a maximum order size of 500 lots on MT4 and 1,000 lots on GMI Edge. The Standard account does not provide a swap-free option.
STANDARD BONUS ACCOUNT
The Standard Bonus account also requires a minimum deposit of $25 and provides leverage up to 1:2000. It does not charge any commission and allows a maximum order size of 500 lots on MT4. The Standard Bonus account does not offer a swap-free option.
Traders should carefully consider their trading preferences and risk tolerance when choosing the most suitable account type for their needs.
Pros | Cons |
Multiple account options with varying features | Lack of a dedicated swap-free option for all account types |
Different leverage options to suit individual preferences | Commission fee of $4 per lot for ECN account |
Low minimum deposit requirement for Cent account | Limited maximum order size for Cent account (200 lots) |
No commission charges for Standard and Standard Bonus accounts | Lack of swap-free option for Standard and Standard Bonus accounts |
High leverage of up to 1:2000 available for Standard and Standard Bonus accounts | Limited maximum order size for Standard and Standard Bonus accounts (500 lots on MT4 and 1,000 lots on GMI Edge) |
Variety of account types cater to different risk tolerances and trading preferences |
The specified leverage for different account types at GMI Edge varies between 1:500 and 1:2000. Clients on the Cent account can experience leverage of 1:1000, the Standard and Standard Bonus accounts can enjoy the maximum leverage of 1:2000, while the ECN accounts have a leverage ratio of 1:500.
Keep in mind that using leverage ratios that high is very dangerous, especially for inexperienced traders. Margin trading is risky, so make sure you understand how leverage works before you lose everything.
Unlike most decent brokers who present their pricing and trading conditions, GMI Edge has not disclosed its spreads on the website. So, we had to register a demo account to see the trading costs with this broker. The benchmark EUR/USD spread of GMI Edge is well above 2 pips, which is not competitive pricing.
As for the commission, there is no commission on the Cent, Standard and Standard Bonus accounts, while 4 per lot on the ECN account.
GMI Edge provides its traders with the popular MetaTrader 4 (MT4) trading platform. This widely recognized platform is available for all types of GMI Edge accounts. Traders can take advantage of the features and functionality offered by MT4 to enhance their trading experience.
MT4
With MT4, traders have the option to create their own algorithms or utilize expert advisors (EAs) to automate their trades. This allows for customized trading strategies and the ability to follow other traders. Traders can seamlessly connect to the trading platform through the GMI Edge app, ensuring a smooth trading experience across different devices. The GMI Edge app also provides a convenient way to fund trading accounts that use MT4.
MT4 offers a comprehensive range of analytical tools that traders can utilize to analyze various aspects of the markets they trade. These tools enable traders to perform in-depth market analysis and make informed trading decisions.
Multi-Account Manager (MAM) platform.
In addition to MT4, GMI Edge also offers the Multi-Account Manager (MAM) platform. This platform is designed for money managers who wish to trade multiple accounts with ease. With MAM, money managers can execute trades across multiple accounts with just one click. The platform also allows for automated performance fees billing and offers trade allocation options based on lot size, equity, or balance.
GMI Edge mobile app
To further enhance accessibility and convenience, GMI Edge has developed the GMI Edge mobile app. This app allows traders to access their trading accounts anytime and anywhere. Traders can trade various instruments including forex, gold, silver, and indices, among others, using the app. The GMI Edge app also offers easy ways to deposit, withdraw, and transfer funds, providing traders with comprehensive account management capabilities in one place.
Pros | Cons |
Availability of popular MetaTrader 4 (MT4) platform | Potential learning curve for beginners |
Ability to create custom algorithms and use expert advisors (EAs) | Limited to MT4 platform, no alternative platforms offered |
Seamless trading experience across different devices through GMI Edge app | Mobile app may have limited functionality compared to desktop version |
Comprehensive range of analytical tools for market analysis | Lack of advanced features compared to other platforms |
Multi-Account Manager (MAM) platform for easy management of multiple accounts | Limited information available on MAM platform features and capabilities |
GMI Edge provides various options for depositing and withdrawing funds from your trading account. These options include Local Banks Transfer, Neteller, and Skrill. The minimum initial deposit requirement is $10 for Neteller and Skrill, while it is $15 for Local Banks Transfer.
The deposit processing time is typically instant, allowing you to quickly start trading after funding your account.
For withdrawals, the minimum withdrawal amount is 50 MYR for bank transfers, and the processing time is between 8am to 6pm daily. There is a 4% fee for withdrawals via Neteller and Skrill, with a minimum withdrawal amount of $10. Withdrawals made through these methods are also processed instantly.
Pros | Cons |
Various deposit and withdrawal options | Minimum withdrawal amount for bank transfers |
Instant deposit processing time | 4% fee for withdrawals via Neteller and Skrill |
Minimum initial deposit requirement of $10 for Neteller and Skrill | Withdrawal processing time limited to specific hours |
Instant withdrawals via Neteller and Skrill | |
Minimum withdrawal amount of $10 for Neteller and Skrill |
GMI Edge provides customer support through various channels. Traders can reach out to their customer support team via email at cs.global@gmimarkets.com. Additionally, a live chat option is available for immediate assistance. For those who prefer to send a direct message, an online contact form is provided. However, it is worth noting that GMI Edge does not disclose additional contact information such as telephone numbers or a company address, which is commonly shared by more transparent brokers.
In conclusion, GMI Edge is an unregulated broker with a suspicious regulatory license and is not considered a legitimate trading option. Trading with an unregulated broker carries significant risks, as they may lack investor protection and oversight. Although GMI Edge offers a variety of market instruments and different types of trading accounts with varying leverage options, their lack of transparency regarding spreads and trading conditions is a disadvantage. Additionally, the absence of a recognized financial regulatory authority and limited customer support contact information further raise concerns. Traders are advised to exercise caution and consider alternative regulated brokers with a solid regulatory status and transparent practices when choosing a trading partner.
Q 1: | Is GMI Edge regulated? |
A 1: | No. GMI Edge holds a suspicious clone Vanuatu Financial Services Commission (VFSC) license. |
Q 2: | At GMI Edge, are there any regional restrictions for traders? |
A 2: | Yes. GMI Edge does not accept clients from the United Kingdom and the United States among other countries. |
Q 3: | Does GMI Edge offer demo accounts? |
A 3: | Yes. |
Q 4: | Does GMI Edge offer the industry-standard MT4 & MT5? |
A 4: | Yes. GMI Edge supports MT4. |
Q 5: | What is the minimum deposit for GMI Edge? |
A 5: | The minimum initial deposit to open an account is $15. |
Q 6: | Is GMI Edgea good broker for beginners? |
A 6: | No. GMI Edge is not a good choice for beginners. Though it advertises very well, it lacks legitimate regulations. Take care! |
TMGM appears to a respected forex broker, presenting access to more than 12,000 spanning forex, CFDs, and cryptocurrencies. Traders can enjoy competitive spreads across various instruments, exemplified by the EUR/USD currency pair with an average spread of around 0.1 pips. Besides, TMGM extends a diverse set of trading platforms, notably including MetaTrader 4 and IRESS. Morever, TMGM enriches the trading journey with rich educational resources and trading tools. Lastly, 24/7 multilingual customer support stands ready. However, the question remains: Does TMGM truly live up to its claims?Let's explore more.
TMGM Review Summary in 10 Points | |
Founded | 2013 |
Headquarters | Sydney, Australia |
Regulation | ASIC, VFSC (Offshore) |
Market Instruments | forex, indices, shares, futures, precious metals, energies and cryptocurrencies |
Demo Account | Available |
Leverage | 1:500 |
EUR/USD Spread | 1.0 pips |
Trading Platforms | MT4, MT5 (coming soon), IRESS |
Minimum deposit | $100 |
Customer Support | Live chat, phone, email |
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 more than 12,000 trading instruments spanning forex, commodities, cryptocurrencies, and stocks, TMGM caters to traders through popular platforms including MetaTrader 4 (MT4) and Iress.
TMGM has some strong points: solid regulation, competitive costs, lots of assets, and top-notch support. But there are a couple of downsides, like inactivity fees and no MT5 yet.
Pros | Cons |
• ASIC regulation | • No US clients accepted |
• Competitive spreads and low commissions | • Inactivity fees applied |
• Over 12000 trading instruments | • MT5 not provided yet |
• Both MT4 and IRESS platforms offered | |
• 24/7 multilingual cutsomer support | |
• Multiple account types with flexible options | |
• Rich educational resources | |
• High leverage up to 1:500 |
TMGM, a regulated broker, holds authorization from the tier-one regulator ASIC and is also licensed by the New Zealand Financial Markets Authority (FMA). Additionally, TMGM's international operations are overseen by the VFSC in Vanuatu offshore. Now, let's quickly delve into TMGM's regulations and licenses, which will shed light on how the broker ensures compliance with industry standards and protects clients.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | TRADEMAX AUSTRALIA LIMITED | Market Making(MM) | 436416 | |
VFSC | Trademax Global Limited | Retail Forex License | 40356 |
Under the oversight of ASIC, a prominent tier-1 regulatory authority, TMGM's Australian branch known as TRADEMAX AUSTRALIA LIMITED operates with regulatory number 436416. This entity is licensed for Market Making (MM). As per the stringent rules set by ASIC, which is globally recognized, brokers must ensure the safety of clients' funds.
Since TMGM claims to obtain the ASIC license, an investigation team from WikiFX visited the company's registered address in Australia. This visit, conducted in person, revealed that the company is operating smoothly and on a large scale. This direct observation by the investigator enhances our confidence in TMGM's legitimacy and highlights its strong and credible operations under ASIC's regulation.
TMGM's international branch, Trademax Global Limited, operates under the regulation and authorization of VFSC offshore, holding a license for retail forex activities.
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 futures, 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.
Trading Assets | Available |
Forex | |
Shares | |
Energies | |
Indices | |
Precious Metals | |
Cryptocurrencies | |
Futures | |
Indices CFD Dividend | |
Shares CFD Dividend | |
ETFS | |
Stocks | |
Options |
TMGM tailors its account types to match the chosen trading platform. If you're using the MetaTrader 4 platform, they provide EDGE and CLASSIC accounts. Opting for the IRESS trading platform brings you a choice of STANDARD, PREMIUM, and GOLD accounts. Plus, for those who prefer Swap Free accounts or want to practice with demo accounts, TMGM offers those options as well.
Both accounts require a minimum deposit of $100, quite reasonable for most regular traders to get started.
Classic | Edge | |
Min Deposit | $100 | $100 |
Min Lot Size | 0.01 Lot | 0.01 Lot |
Max Leverage | 1:500 | 1:500 |
Funding | Free | Free |
Execution Type | ECN | ECN |
EA Available | ||
Islamic Account | ||
Hedging Allowed |
The minimum deposit requirement is $5,000 for STANDARD Account, $10,000 for PREMIUM Account, and $50,000 for GOLD Account. When it comes to fees, the Standard account entails a platform fee of $35 USD or $45 AUD per month. The Premium and Gold account holders, on the other hand, enjoy fee-free access to the platform. Additionally, all account types are subject to a data fee for each exchange they use.
Standard | Premium | Gold | |
Minimum Deposit | $5,000 | $10,000 | $50,000 |
Platform Fee | $35 or A$45/per month | No Fee | No Fee |
Data Fee | For Every Exchange | ||
Min. Commission | $10 | Not mentioned | |
Commission Rate (cps) | 2.25 | 7 | 1.8 |
Minimum(Trade Size) | 333Shares | Not mentioned | |
Financing | Libor+3.5%/-3.5% | Libor +3%/-3% | Libor +2.5%/-2.5% |
TMGM also provides a Swap Free account for those who are unable to pay or receive interest owing to their religious convictions. To open a Swap-Free account, you'll need to have an Edge account, which requires a minimum of $100 and a minimum lot size of 0.01.
Demo trading accounts are available through TMGM for anyone interested in testing the waters before opening a real account. These accounts allow you to test out the broker's services before committing any real money. In addition, it provides a means of learning as much as possible about TMGM before you commit to an investment account.
The MetaTrader4 trading platform (which we'll come to in a moment) is available to demo accounts for an entire year. However, in the event of inactivity for six months, your access will be terminated. A $5,000, $10,000, or $50,000 virtual currency balance is available to you.
TMGM offers quite a high trading leverage up to 1:500 on all account types. Forex products trading can use leverage of up to 1:500, indices and energy with leverage of 1:100, and precious metals featuring 400x leverage.
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.
Broker | TMGM | Exness | FXTM | IC Markets |
Max. Leverage | 1:500 | 1:Unlimited | 1:2000 | 1:500 |
TMGM offers competitive spreads and commissions on their trading instruments. The exact spreads and commissions vary depending on the account type and trading platform used. The spreads on CLASSIC accounts start at 1.0 pips, with no commission charged, while the spreads on EDGE accounts start at 0.0 pips, and a commission of $7 (round turn) is charged per lot.
Generally, TMGM offers tight spreads on major forex pairs such as EUR/USD, with spreads as low as 0.0 pips. Commissions may be charged on some trading instruments, such as shares and futures. However, these commissions are generally competitive compared to other brokers in the industry.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
TMGM | 0.0 pips | $7 per round turn |
Pepperstone | 0.09 pips | $3.5 per lot |
eToro | 1.0 pips | $0 |
IG | 0.6 pips | $0 |
Plus500 | 0.8 pips | $0 |
XM | 0.9 pips | $0 |
TMGM offers two popular trading platforms for their clients: MetaTrader4 (MT4) and IRESS.
Available Devices | PC, Mac, Mobile (iOS and Android) |
Language | English |
Scalping | |
Hedging | |
Automated Trading | |
One-click Execution | |
Web-based Trading | |
Mobile Trading | |
MT5 | |
IRESS | |
cTrader | |
Proprietary Platform |
MT4 is a popular and widely used platform that provides advanced charting tools, technical analysis indicators, and customizable trading robots. It also supports a variety of order types and execution modes, allowing for flexible and efficient trading.
IRESS, on the other hand, is a more sophisticated and feature-rich platform that is designed for more experienced traders. It offers advanced order management, risk management, and portfolio analysis tools, as well as advanced charting and technical analysis capabilities.
Both platforms are available on desktop, mobile, and web versions, providing traders with the flexibility to trade on their preferred device.
Additionally, MetaTrader5 is not provided yet, and according to the announcement of TMGM's website, this popular trading platform is coming soon.
TMGM provides its traders with various trading tools to enhance their trading experience. These tools include:
Educational Contents | Available |
HUBx | |
Trading Calendar | |
Market Sentiment Tool | |
ForexVPS | |
Trading Central | |
Traders Terminology | |
Max-Calculator |
TMGM | Most other | |
Minimum Deposit | $100 | $100 |
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.
Payment Options | Currencies | Min.Deposit | Min.Withdrawal | Fees | Processing Time ( Deposit) | Processing Time ( Withdrawal) |
NZD, USD, AUD, EUR, CAD | $100 | $100 | $0 | 1-3 Working Day | 1 Working Day | |
USD | Instant | |||||
NZD | Not mentioned | 1 Working Day | Not mentioned | |||
USD | $100 | Instant | 1 Working Day | |||
USD, EUR, GBP, AUD, NZD, CAD | 1 Working Day | |||||
CNY | Not mentioned | Instant | Not mentioned | |||
$100 | 1 Working Day | |||||
USD | Not mentioned | Not mentioned | ||||
USD, EUR, GBP, AUD, NZD, CAD | 3 Working Days | |||||
MYR, THB, IDR, VND | $100 | Instant | ||||
USD, EUR, GBP, AUD, NZD, CAD | Not mentioned | |||||
TMGM charges various fees, including spreads and commissions that we have mentioned before, as well as overnight financing fees. The specific fees vary depending on the type of account and trading platform used. TMGM does not charge any deposit or withdrawal fees, but clients may incur fees from their payment providers.
Additionally, TMGM charges an inactivity fee of $10 per month if there is no activity in the trading account for a period of six months or more. This fee will be deducted from the available balance of the account. However, if the available balance is less than $10, no inactivity fee will be charged. It is important to note that the inactivity fee is a common practice in the industry and is designed to encourage active trading and to offset the costs of maintaining inactive accounts.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
TMGM | Free | Free | $10/month after 6 months of inactivity |
Pepperstone | Free for Australian Bank Transfer, $20 for International Transfer | $0 after 12 months of inactivity | |
eToro | $5 | $10/month after 12 months of inactivity | |
IG | $1 for AUD, CAD, and USD, £1 for GBP, €1 for EUR | $18/month after 24 months of inactivity | |
Plus500 | $1.5-$10 depending on withdrawal method | $10/month after 3 months of inactivity | |
XM | Free | $5/month after 90 days of inactivity |
TMGM offers customer support through multiple channels including live chat, phone, email, and social media (YouTube, Twitter, Facebook, Instagram and LinkedIn).
Contact Channels | Details |
+612 8036 8388 | |
support@tmgm.com | |
24/7 | |
Sydney office, Melbourne Office, Adelaide Office, Canberra Office, Auckland Office | |
https://www.facebook.com/TMGMgroup | |
https://twitter.com/TMGMgroup | |
https://www.youtube.com/tmgmgroup | |
https://www.instagram.com/tmgmgroup/ | |
https://www.linkedin.com/company/tmgmgroup | |
https://api.whatsapp.com/send/?phone=61452597488&text&app_absent=0 |
You'll find an extensive and user-friendly FAQ section right on their website, covering a wide range of topics, from account setup to trading strategies, making it an invaluable tool for traders of all levels.
Pros | Cons |
• Multiple languages supported | • No dedicated account manager or personal service |
• Quick response times to inquiries | • Limited availability on weekends and holidays |
• Personalized service with tailored solutions |
TMGM's special feature is TMGM Academy, and it's available in addition to the usual customer service. You may get a thorough education in foreign exchange trading by enrolling in the TMGM Academy. There are three levels to choose from Basic, Intermediate, and Expert.
The beginner stage prepares you for your journey into forex trading. The Beginner Stage develops a strong foundation based on understanding margin trading, how to read various types of charts, plus an introduction to trading instruments, oscillators, indicators, and support plus resistance.
TMGM Academies Intermediate Stage starts focusing on more technical aspects of forex trading. This includes considering indicators like MACD, RSI, ATRs, Moving Averages, and more. Additionally, TMGM introduces Fibonacci and Fundamental analysis, plus effective ways to employ them in trading.
The Advanced Stage in the TMGM Academy is where traders get deep into various trading strategies and how to apply them. This stage includes learning about advanced forms of Fibonacci extensions and retracements, RSI, correlation, and trade management.
To sum it up, TMGM stands out as a respected and regulated broker. They offer a diverse set of trading options and platforms, including the sought-after MetaTrader4 and IRESS. Plus, they shine when it comes to customer service and educational materials. Not to mention, their spreads and commissions are pretty darn competitive too. Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.
Is TMGM regulated?
Yes. It is regulated by ASIC, and VFSC (offshore).
At TMGM, are there any regional restrictions for traders?
Yes. Products and Services offered on their website are not intended for residents of the United States.
Does TMGM offer demo accounts?
Answer 3: Yes.
Does TMGM offer the industry-standard MT4 & MT5?
Yes. It supports MT4, and MT5 is coming soon.
What is the minimum deposit for TMGM?
The minimum initial deposit at TMGM to open an account is $100.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive gmi-edge and tmgm are, we first considered common fees for standard accounts. On gmi-edge, the average spread for the EUR/USD currency pair is -- pips, while on tmgm the spread is From 0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
gmi-edge is regulated by VFSC. tmgm is regulated by ASIC,VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
gmi-edge provides trading platform including Standard (Bonus),ECN,Cent,Standard and trading variety including --. tmgm provides trading platform including Edge ,Classic and trading variety including FX: 56 Bullion: 3 Oil: 2 CFD: 20 Crypto: 12 Shares: 48.