If you’re looking for a forex broker that offers two platforms and a wide range of trading assets, you’ve probably heard of TradeMax Global Markets. This Australian-based company is committed to making the Forex market more accessible to traders around the world. We’ll examine TMGM’s pricing structure, platforms, and account maintenance fee.
TMGM Is A Well-Known Forex Broker
TMGM is a popular broker for traders of foreign currency, and is a top choice in the Australian market. It offers a comprehensive range of trading assets, security for clients’ funds, and competitive spreads. Its website is available in multiple languages and provides two trading platforms. One downside is that the firm doesn’t offer MT5 trading, which can be a turn-off to some traders.
Opening an account with TMGM is very simple. All you need to do is visit the website and fill out the required information. You’ll then be prompted to verify your account details, after which you’ll receive login credentials. The amount of leverage you can use varies depending on the type of account you choose, but it’s generally around one to five times that of the classic account.
It Offers Two Platforms
Traders can access a variety of trading tools through TMGM. Their MetaTrader 4 and MetaTrader 5 desktop platforms offer a wide range of advanced features. In addition, they also offer automated trading. With these platforms, you can set up alerts via email, audio, and push notifications. Another feature is Market Watch, which lets you follow your favorite instruments and monitor live quotes. You can also use One Click Trading, which eliminates the need for secondary confirmation.
The spreads offered by TMGM depend on which type of trading account you choose. The Standard and Classic accounts have the widest spreads while the EDGE Raw Spread Account offers inter-bank spreads as low as 0.0 pips. Whether you choose to trade on an Edge or Classic account, TMGM offers high leverage and excellent trade execution according to the tmgm review.
It Has A Good Range Of Trading Assets
TMGM is a good choice if you are looking for a Forex broker with a good range of trading assets. It is an Australian company, with its head office in Sydney, but also has offices in Taiwan and Vanuatu. While the Australian entity is regulated by the Australian Securities and Investments Commission (ASIC), most of its international clients will trade under the jurisdiction of the Vanuatu Financial Services Commission (VFSC). It also offers tight spreads on major currency pairs, with a range of underlying assets to choose from.
TMGM offers a wide range of trading assets, including five commodities CFDs, three metals and two energies versus the USD, and twelve cryptocurrencies and indices. Its Webtrader is easy to use, requiring no download, and is compatible with several internet browsers. It is fully integrated with the TMGM Client Portal, which allows you to view all your trades and transactions, including the underlying currencies. This also includes a reporting tool that lets you see all of your transactions.
Monthly Account Maintenance Fee
The TMGM brokerage offers dozens of forex and CFD pairs on its MetaTrader platform. It also offers access to the IRESS trading platform, which allows select clients to access multiple exchanges around the world. Traders can also trade twelve different cryptocurrency pairs against the U.S. dollar. The brokerage is regulated in New Zealand, Australia and Vanuatu. Traders also have the choice of using the Edge account with competitive commission rates. TMGM’s trading platform includes research, charting, and order-processing tools.
TMGM accepts clients from all over the world, except for Japan and the US. The broker is fully regulated by the ASIC and is a member of the Australian Financial Complaints Authority. The AFCA is an independent ombudsman that can assist consumers with complaints.
It Offers A Free Demo Account
You don’t have to invest real money to practice your trading skills with TMGM’s free demo account. The demo account will allow you to trade with virtual money and will allow you to practice different trading strategies without risking any money. You can even update it at any time. Even better, the demo account is completely free and open without any obligation.
TMGM is regulated and licensed by the Financial Markets Authority (FMA). Their range of services is extensive and everything is accessible for New Zealanders. There’s a free demo account with 100 virtual funds and leverages up to 1:500. You can choose from trading in Forex, CFDs, Indices, Shares, Metal, and Energies. All of these assets have different leverage levels, so you’ll have to make your choice based on the type of asset you wish to trade with.