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SBI SECURITIES , TMGM Broker Comparison

Do you want to know which is the better broker between SBI SECURITIES and TMGM ?

In the table below, you can compare the features of SBI SECURITIES , TMGM side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
7.98
Regulated
No guarantee
--
15-20 years
FSA
Not supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Pin on the left
7.51
Regulated
No guarantee
10-15 years
ASIC,VFSC
Supported
Supported
--
AA
A
506.7
6
6
6
1998
1998
1991
AAA

EURUSD:-0.3

EURUSD:-2.5

27
-2
27
AA

EURUSD:11.3

XAUUSD:19.2

AA

EURUSD: -6.35 ~ 2.66

XAUUSD: -36.21 ~ 21.34

AAA
0.3
88.8
FX: 56 Bullion: 3 Oil: 2 CFD: 20 Crypto: 12 Shares: 48
$100
1:500
From 0
--
--
0.01
--

Score
Regulatory Status
Regulated
Regulated

SBI SECURITIES 、 TMGM BrokerRelevant information

TMGM BrokerRelevant exposure

Which broker is more reliable?

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 sbi-securities, 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:

Forex broker introduction

sbi-securities
Registered in Japan
Regulated by FSA
Year(s) of establishment 15-20 years
Trading instruments domestic stocks, foreign stocks, investment trusts, bonds, foreign exchange, futures/options, CFDs, gold, silver, warrants, insurance, etc.
Minimum Initial Deposit Information not available
Maximum Leverage 1:25
Minimum spread Information not available
Trading platform own platform
Deposit and withdrawal method Information not available
Customer Service phone number, address, live chat
Fraud Complaints Exposure No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of SBI SECURITIES

Pros:

  • Wide range of financial products available for investment

  • Clear and specific fee structure for each financial product

  • User-friendly and reliable trading platform developed by the company

  • Efficient and helpful customer support available 24/7

  • Regulated by the FSA, ensuring a high level of security and trustworthiness

Cons:

  • Lack of transparency regarding minimum deposit amount and trading account types

  • Limited educational resources for investors who are new to the market

  • No information provided on deposit and withdrawal methods, potentially causing inconvenience for clients

  • Maximum leverage of 1:25, which may not be as attractive for experienced traders looking for higher leverage ratios.

What type of broker is SBI SECURITIES?

Advantages Disadvantages
SBI SECURITIES offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, SBI SECURITIES has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

SBI SECURITIES is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, SBI SECURITIES acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that SBI SECURITIES has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with SBI SECURITIES or any other MM broker.

General information and regulation of SBI SECURITIES

SBI Securities was founded in 1988, changed its name to E-Trade Securities Co. in 1999, and launched its Internet service in July of the same year. In 2000, SBI Securities was granted full membership of the Osaka Securities Exchange, and in 2001, its assets increased to 11,501 million yen. In 2003, SBI Securities was granted the integrated trading status of the Nagoya Stock Exchange and became a specific general member of the Tomioka Stock Exchange. In 2006, SBI Securities, as a professional online securities company, exceeded the total number of securities accounts of one million for the first time and changed its name from E-Trade Securities Ltd. to SBI E-Trad Ltd. in July. 2007, SBI E-Trad Ltd. and SBI In 2014, the platform's net securities first consolidated securities account traded over 3 million accounts. In 2010, Net Securities' first consolidated securities account traded more than 5 million accounts. SBI Securities currently hold a retail foreign exchange license (license number: 3010401049814) issued by the Financial Services Agency of Japan.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
Wide range of financial products available for investment Some financial products may not be accessible to certain types of investors
Access to both domestic and foreign stocks and investment trusts Trading fees may be higher compared to some other brokers
Availability of futures/options, CFDs, gold, silver, and warrants Trading certain financial products may carry higher risks for investors
Opportunities for diversification of investment portfolio Lack of education and guidance for investors who are new to certain financial products

SBI Securities offers a wide range of financial products for investors to choose from, including domestic and foreign stocks, investment trusts, bonds, foreign exchange, futures/options, CFDs, gold, silver, warrants, and insurance. This allows investors to diversify their investment portfolio and take advantage of different market conditions. SBI Securities also provides access to both domestic and foreign markets, providing a wider range of investment opportunities. However, some financial products may not be accessible to certain types of investors, and trading fees may be higher compared to some other brokers. It is also important to note that certain financial products, such as futures/options and CFDs, carry higher risks for investors. Additionally, investors who are new to certain financial products may lack education and guidance, which could potentially lead to losses.

market instruments

Spreads and commissions for trading with SBI SECURITIES

SBI Securities offers a transparent fee structure with specific fees for different financial products, which are clearly displayed on their website. This allows investors to make informed decisions and plan their trades accordingly. Additionally, the brokerage fee for some products such as Nikkei 225 CFDs is lower than the industry average, which can save investors money in the long run. However, some fees may be higher than those of competitor brokers, which may discourage some investors from using SBI Securities. Overall, SBI Securities provides a clear and transparent fee structure with no hidden fees, which can be beneficial for investors.

Trading accounts available in SBI SECURITIES

Advantages Disadvantages
Possibility of multiple account types Lack of transparency
Unclear minimum deposit amounts

SBI Securities does not disclose its minimum deposit requirement for its trading accounts, which is a significant disadvantage for potential investors. However, it´s possible that the company offers flexible account types, and clients can choose from a range of accounts.

Trading platform(s) that SBI SECURITIES offers

SBI Securities provides its users with a proprietary trading platform that offers advanced features such as charting tools, fast execution speed, and a user-friendly interface. The platform is compatible with both desktop and mobile devices, allowing users to trade anytime and anywhere. The advanced charting tools available on the platform enable traders to perform technical analysis efficiently and effectively, allowing them to make informed trading decisions. Although the platform is only available in Japanese, it is easy to navigate, and users who are not fluent in Japanese can use translation tools to understand the platform's functions. Overall, SBI Securities' proprietary platform is a reliable and efficient tool for traders who are looking for a feature-rich platform that is easy to use.

trading platform

Maximum leverage of SBI SECURITIES

SBI SECURITIES offers a maximum leverage of up to 1:25, which is in line with the regulations set by the local authorities. This means that clients can trade with a much larger position size than their initial deposit, magnifying their potential profits and losses. While high leverage can be attractive to traders seeking to maximize their returns, it can also lead to significant losses if the market moves against them. Therefore, traders should exercise caution when using high leverage and have a solid risk management strategy in place to minimize potential losses.

Deposit and Withdrawal: methods and fees

SBI SECURITIES provides various deposit and withdrawal methods for their clients. However, the specific details and fees related to these methods are not mentioned on their website, which can make it difficult for clients to plan their transactions accordingly. The website provides limited information on the deposit and withdrawal process, requiring the client to log in to their account to access more details. While the transactions are secure and encrypted, the lack of information on the website can be a disadvantage. However, the processing time for deposits and withdrawals is quick and efficient, which is an advantage for clients. It is not mentioned on the website what the minimum deposit and withdrawal amount is, which can be a disadvantage for those who prefer to trade with a smaller amount.

Educational resources in SBI SECURITIES

SBI Securities does not offer any educational resources to its clients. There are no access to market analysis, news, forex basics or technical analysis. The lack of educational resources makes it challenging for beginners to start trading, as they would have to rely on external sources to gain knowledge about trading strategies and market trends. Moreover, advanced traders may feel limited as they have no access to research tools and data analysis. Therefore, SBI Securities should consider providing educational resources for its clients to improve their trading knowledge and skills.

Customer service of SBI SECURITIES

Advantages Disadvantages
24/7 live chat available Phone support with fees
Prompt customer service Limited customer service options
Quick response time Limited information on website

SBI SECURITIES provides prompt customer service through their 24/7 live chat support. The customer service representatives are known for their quick response time and efficiency in handling customer inquiries. However, their phone support incurs fees, which may be a disadvantage for clients who prefer to call for assistance. Additionally, SBI SECURITIES has limited customer service options, with live chat being the only available option for immediate assistance. There is also limited information about their customer support on their website, which may make it difficult for clients to find answers to their questions.

customer support

Conclusion

In conclusion, SBI Securities is a Japan-registered company that offers various financial products, including stocks, bonds, foreign exchange, futures/options, CFDs, and more. The platform has a user-friendly interface, and the website provides a clear list of fees for each financial product, which is an advantage for traders. However, the lack of transparency on account types and deposit/withdrawal methods may be a disadvantage. Another drawback is the absence of educational resources, which could be useful for beginner traders. The customer support is good with a 24-hour live chat service and a phone number, although the latter has fees. Overall, SBI Securities is a regulated broker with a strong reputation in Japan, and traders who are comfortable with the limitations mentioned may find it to be a suitable option for their trading needs.

Frequently asked questions about SBI SECURITIES

  • Question: What financial products does SBI Securities offer?

  • Answer: SBI Securities offers a range of financial products, including domestic and foreign stocks, investment trusts, bonds, foreign exchange, futures/options, CFDs, gold, silver, warrants, insurance, and more.

  • Question: What is the maximum leverage offered by SBI Securities?

  • Answer: The maximum leverage offered by SBI Securities is up to 1:25, which complies with local laws and regulations.

  • Question: What customer support options are available at SBI Securities?

  • Answer: SBI Securities offers live chat support 24 hours a day and a phone number with fees for customer care.

  • Question: Does SBI Securities provide educational resources?

  • Answer: No, SBI Securities does not provide educational resources for clients.

tmgm

Let's Start Here:

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 MetaTrader 5. 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
Founded2013
HeadquartersSydney, Australia
RegulationASIC, VFSC (Offshore)
Market Instrumentsforex, indices, shares, futures, precious metals, energies and cryptocurrencies
Demo AccountAvailable
Leverage1:500
EUR/USD Spread1.0 pips
Trading PlatformsMT4, MT5
Minimum deposit$100
Customer SupportLive chat, phone, email

TMGM 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 more than 12,000 trading instruments spanning forex, commodities, cryptocurrencies, and stocks, TMGM caters to traders through popular platforms including MT4 and MT5.

TMGM's homepage

Pros & Cons

ProsCons
• ASIC regulation• No US clients accepted
• Competitive spreads and low commissions• Inactivity fees applied
• Over 12000 trading instruments
• MT4 and MT5 platforms offered
• 24/7 multilingual cutsomer support
• Multiple account types with flexible options
• Rich educational resources
• High leverage up to 1:500

Is TMGM Legit?

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 AuthorityRegulated Entity License Type License Number
ASICTRADEMAX AUSTRALIA LIMITEDMarket Making(MM)436416
VFSCTrademax Global LimitedRetail Forex License40356

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.

regulated by ASIC

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.

WikiFX survey
WikiFX survey

TMGM's international branch, Trademax Global Limited, operates under the regulation and authorization of VFSC offshore, holding a license for retail forex activities.

offshore regulated by VFSC

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 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 AssetsAvailable
Forex
label
Shares
label
Energies
label
Indices
label
Precious Metals
label
Cryptocurrencies
label
Futures
label
Indices CFD Dividend
label
Shares CFD Dividend
label
ETFS
label
Stocks
label
Options
label
Market Instruments

Account Types

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. Plus, for those who prefer Swap Free accounts or want to practice with demo accounts, TMGM offers those options as well.

MT4 Accounts: EDGE and CLASSIC

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 Size0.01 Lot0.01 Lot
Max Leverage1:5001:500
FundingFreeFree
Execution TypeECNECN
EA Available
label
label
Islamic Account
label
label
Hedging Allowed
label
label

STANDARD, PREMIUM and GOLD Account types:

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 monthNo FeeNo Fee
Data Fee For Every Exchange
Min. Commission $10Not mentioned
Commission Rate (cps)2.2571.8
Minimum(Trade Size)333SharesNot mentioned
Financing Libor+3.5%/-3.5%Libor +3%/-3%Libor +2.5%/-2.5%

Swap-Free Account

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 Account

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.

Leverage

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.

BrokerTMGMExnessFXTMIC Markets
Max. Leverage1:5001:Unlimited1:20001:500

Spreads & Commissions

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:

BrokerEUR/USD SpreadCommission
TMGM0.0 pips$7 per round turn
Pepperstone0.09 pips$3.5 per lot
eToro1.0 pips$0
IG0.6 pips$0
Plus5000.8 pips$0
XM0.9 pips$0

Trading Platforms

TMGM offers popular trading platforms for their clients: MetaTrader4 (MT4) and MetaTrader5 (MT5).

Available Devices PC, Mac, Mobile (iOS and Android)
Language English
Scalping
label
Hedging
label
Automated Trading
label
One-click Execution
label
Web-based Trading
label
Mobile Trading
label
MT5
label
cTrader
label
Proprietary Platform
label

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.

MT4

Trading Tools

TMGM provides its traders with various trading tools to enhance their trading experience. These tools include:

  • Trading Calendar: A calendar that shows the dates and times of upcoming economic events, including central bank meetings, interest rate decisions, and other important announcements.
  • Market Sentiment Tool: A tool that allows traders to gauge market sentiment by analyzing the number of long and short positions held by other traders.
  • ForexVPS: A virtual private server that allows traders to run their trading strategies 24/7 without the need for a personal computer.
  • Trading Central: A research platform that provides traders with market analysis, trading ideas, and technical analysis tools to help them make informed trading decisions.
  • Traders Terminology: Type the keyword or term that you are looking for or select the letters to see the list of words.
  • Max-Calculator : The Max-Calculator is one of the best ways to help traders quickly evaluate the possible outcome of potential transactions or actions. In addition, this calculator will also help you calculate the margin easily.
Educational Contents Available
HUBx
label
Trading Calendar
label
Market Sentiment Tool
label
ForexVPS
label
Trading Central
label
Traders Terminology
label
Max-Calculator
label

Deposits & Withdrawals

TMGM minimum deposit vs other brokers

TMGMMost 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.DepositMin.Withdrawal FeesProcessing Time ( Deposit)Processing Time ( Withdrawal)
NZD, USD, AUD, EUR, CAD$100$100$01-3 Working Day1 Working Day
label
USDInstant
label
NZDNot mentioned1 Working DayNot mentioned
label
USD$100Instant1 Working Day
label
USD, EUR, GBP, AUD, NZD, CAD1 Working Day
label
label
CNYNot mentionedInstantNot mentioned
label
$1001 Working Day
label
USDNot mentionedNot mentioned
label
USD, EUR, GBP, AUD, NZD, CAD3 Working Days
label
MYR, THB, IDR, VND$100Instant
label
USD, EUR, GBP, AUD, NZD, CADNot mentioned
label

Other Fees

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:

BrokerDeposit FeeWithdrawal FeeInactivity Fee
TMGMFreeFree$10/month after 6 months of inactivity
PepperstoneFree 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
XMFree$5/month after 90 days of inactivity

Customer Support

TMGM offers customer support through multiple channels including live chat, phone, email, and social media (YouTube, Twitter, Facebook, Instagram and LinkedIn).

Contact ChannelsDetails
label
+612 8036 8388
label
support@tmgm.com
label
24/7
label
Sydney office, Melbourne Office, Adelaide Office, Canberra Office, Auckland Office
label
https://www.facebook.com/TMGMgroup
label
https://twitter.com/TMGMgroup
label
https://www.youtube.com/tmgmgroup
label
https://www.instagram.com/tmgmgroup/
label
https://www.linkedin.com/company/tmgmgroup
label
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.

ProsCons
• 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

Frequently Asked Questions (FAQs)

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.

What is the minimum deposit for TMGM?

The minimum initial deposit at TMGM to open an account is $100.

Are the transaction costs and expenses of sbi-securities, tmgm lower?

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 sbi-securities and tmgm are, we first considered common fees for standard accounts. On sbi-securities, the average spread for the EUR/USD currency pair is -- pips, while on tmgm the spread is From 0.

Which broker between sbi-securities, tmgm is safer?

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.

sbi-securities is regulated by FSA. tmgm is regulated by ASIC,VFSC.

Which broker between sbi-securities, tmgm provides better trading platform?

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.

sbi-securities provides trading platform including -- 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.

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