After reporting a trading volume of more than $195 billion, the Leading CFD Online Trading Platform, TMGM, ranks as one of the top 10 Brokers globally for Forex Trading Volume.
TMGM was established in the year 2018 and had its headquarters in Australia. They have a highly skilled and impartial technical staff that works around the clock to ensure that your trading experience goes off without a hitch and that there is an as little hassle as possible.
The broker implements the ECN execution model, which provides you with access to deep liquidity pools, resulting in improved execution speeds with low slippage and the best market prices at all times.
They provide a wide variety of trading accounts and a multitude of financing options to cater to the specific requirements of each trader. Their technical team is highly qualified and completely autonomous. You can trade with a leverage of up to 1:500, which is rather large compared to the leverage offered by some other registered brokers.
The company was founded in 2013 and is owned and operated by Trademax Global Markets, with its headquarters locates in Australia and New Zealand. Even though Australia is not the main focus of the trading industry, the online broker is well known in the continent as it offers high leverage, low fees, and tight spread. The business currently operates in over 150 countries with $195 billion trading volume, making it one of the top ten forex brokers in the world.
As a financial services provider that is based in Australia, TMGM is also regulated by ASIC under license number 436416, FSP (New Zealand) under license no. 569807, and Vanuatu Financial Services Commission (40356).
Over the years, TMGM has expanded its assets to cover additional assets. The trading brokerage does not fall short in offering its clients a wide range of trading instruments. Today, clients can trade with 50 currency pairs, 15+ global indices, 12,000+ global stocks, 3 metals, 2 energies, and cryptocurrency.
There are 2 types of trading accounts, Edge and Classic. All accounts offer identical features such as automated trading, mobile trading, EA supports, and fixed spread with a minimum deposit of $100.
TMGM provides its clients who have registered live accounts with not one, but 2 high-quality trading platforms to choose from, namely MetaTrader 4 and MetaTrader 5. The MetaTrader 4 platform gives clients 1-click trading solutions and includes customizations for market depth analysis. While MetaTrader 5 is similar to MT4, the platform has a few more advanced options and several underlying efficiency upgrades, including additional timeframes, a larger variety of tools, and depth of market (DOM) pricing.
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Accepted payment methods with TMGM include wire transfer, Skrill, Neteller, Fasapay, AliPay, UnionPay, Tether (USDT), and Credit/debit cards. Clients can have a wide variety of deposit options in 5 different currencies such as AUD, USD, EUR, GBP, or NZD. Despite there is a $20-30 bank processing fee if you use bank withdrawals outside Australia, however, all withdrawals are processed in 24 hours and there are no fees to be charged.
The firm is active on YouTube, Facebook, Twitter, Instagram, and LinkedIn regularly posting news, tutorials, and career opportunities, such as internships. Brand ambassador, Gianluigi Buffon, regularly hosts online webinars which are free to register for.
TMGM also offers a training feature called TMGM Academy. The academy is a three-stage education course that guides novice traders through the basics of trading to more advanced strategies such as moving averages and Fibonacci extensions.
The broker is known to run trading competitions, which usually run for three months. The leader board is updated daily and the trader ranking highest at the end of the three months will be rewarded from a pool of up to $148,500. You can find full rules and terms and conditions on the website.
The easiest way to contact TMGM is through their email and live chat support although it's only available 24/5 found on the contact page of their website. In addition, to increase accessible customer experience, the firm provides website languages in Chinese, English, French, Indonesian, Italian, Portuguese, Spanish, Thai, and Vietnamese.
Overall, TMGM may be the right broker for you as it provides not only Forex and CFD trading but also crypto to retail and professional traders. Catering to traders from around the world, the client portal opens up a range of global opportunities via its user-friendly interface.
New Zealand License
TMGM, a forex and contracts for differences (CFDs) broker with headquarters in Sydney, recently announced that it had been granted a new regulator license by the Financial Markets Authority of New Zealand (FMA).
TMGM has a license to conduct business in Australia under the auspices of the Australian Financial Services (AFS) and is already well-known in that market. Therefore, expanding into the country next door is something that might be considered a natural next step. Since late 2020, TMGM has been quite open about expanding into overseas markets.
In addition to holding licenses in both Australia and New Zealand, the broker is also authorized and regulated by the Vanuatu Financial Services Commission (VFSC), which is the jurisdiction under which it onboards the majority of its customers from around the world.
Record-Breaking Trading Volume
After reporting a trading volume of more than $195 billion, the Leading CFD Online Trading Platform, TMGM, ranks as one of the top 10 Brokers globally for Forex Trading Volume. This achievement was achieved due to TMGM's position as a global leader in CFD online trading.
At the end of the month, the overall platform trading volume for TMGM reportedly reached $195 billion, as shown by the official numbers. The Broker has raised trading volume by more than 100% in a little over a year, with the prior year's monthly trading volume averages being $90 Billion for Q2 in 2020. This indicates that the Broker's business has improved significantly.
TMGM will concentrate its efforts, beginning in 2023 and continuing beyond that year, on expanding its operations into new areas and enhancing the methods in which they provide its customers with competitive solutions. TMGM presently operates more than 4 locations throughout the globe and has a turnover of more than $195 Billion every month. No wonder there are a lot of traders that choose to open a live account here.
The Sapphire Project Sponsor
TMGM, which has its headquarters in Sydney, Australia, currently ranks among the top 10 Brokers worldwide in terms of the volume of forex trading they conduct. TMGM's company beliefs include giving back to the community and supporting philanthropic and socially responsible projects, and this project fits in perfectly with those ideals.
TMGM is thrilled to have served as the event's primary sponsor, The Sapphire Project 2022. TMGM has been paying a lot of attention to this as a result. The tremendous growth of TMGM in recent years is inextricably linked to the support that has been shown by people from all walks of life in Australia. Contributing to the social effect of supporting sustainable development and ocean conservation is a crucial step for TMGM to take to give back to the society to which it belongs. This is the location where TMGM takes root, grows, and thrives.
Mitsubishi Electric Cup Sponsor
TMGM, the world's leading online forex and CFD trading platform, has announced that it will once again serve as the Official Online Forex and CFD Broker of the crown jewel competition hosted by the ASEAN Football Federation (AFF), the AFF Mitsubishi Electric Cup 2022. This extended agreement will see TMGM continue its support in the expansion of ASEAN football after successfully sponsoring the 2020 edition of the AFF Championship.
The deal was brokered by SPORTFIVE, the AFF's official commercial rights partner. TMGM will look to build on the previous year's success and will work closely with AFF to curate new and exciting experiences for the fans in the region to further strengthen their brand presence in South East Asia, particularly in key markets such as Vietnam and Indonesia. This will allow them to achieve their goal of further strengthening their brand presence in South East Asia.
TMGM will have a bigger digital presence this year with the launch of a social media campaign themed 'Players to Watch,' in addition to branding and on-site entitlements. The promotion will highlight nine players who have been singled out as having the potential to make a difference in the outcomes of their respective teams and which fans are encouraged to keep an eye on during the tournament. Over nine match days, each player's football statistics will be recorded and showcased across the official tournament platforms as well as on TMGM's social media channels. These statistics will cover past appearances at the AFF Championship.
Final Verdict
I believe that TMGM is an outstanding broker capable of satisfying all traders' requirements. I enjoy how they function as an ECN broker, catering to individual retail traders as well as professional institutions so that they may engage in FX and CFD trading. They provide you with a wide variety of strong trading platforms that are also simple to use, and they provide you access to hundreds of different trading products.
This comprises complex and cutting-edge IRESS, HubX, MetaTrader 4, and MetaTrader 5 trading platforms. However, the broker goes one step further by providing free access to some excellent third-party tools for conducting in-depth market analysis. In my opinion, the large number of tools integrated into the platforms should be sufficient for most traders.
TMGM is a CFD trading provider who aspires to be the leader and innovator in the industry. The broker has several head offices in Australia and aims to connect clients to the widest range of markets through both industry-leading platforms as well as their own proprietary cutting-edge platforms.
25 Comments
Feb 9 2023
Hey there! I've got a question for you. I noticed that the broker holds licenses in Australia and New Zealand, which is great. But here's something interesting: I also found out that they are authorized and regulated by the Vanuatu Financial Services Commission (VFSC) for onboarding most of their customers from around the world. That got me curious! How does this VFSC authorization and regulation add to the broker's operations on a global scale? I mean, having licenses in Australia and New Zealand is awesome, but what does the VFSC bring to the table? It must provide some sort of reassurance to customers from different parts of the world, right? I'm just wondering how it all fits together and how it strengthens their services. Can you shed some light on this?
Jun 9 2023
@Bille: Hey there! The Vanuatu Financial Services Commission (VFSC) is indeed an interesting aspect of the broker's regulatory framework. Let me explain how it fits into the bigger picture.
While the broker holds licenses in Australia and New Zealand, the VFSC authorization and regulation play a significant role in expanding their services on a global scale. The VFSC is the regulatory body responsible for overseeing financial services in Vanuatu, an island nation in the South Pacific.
By obtaining authorization and regulation from the VFSC, the broker is able to onboard customers from various parts of the world, beyond just Australia and New Zealand. This means that traders from different countries can access their services and enjoy the benefits of trading with a regulated broker.
The VFSC authorization adds an extra layer of reassurance for customers, as it signifies that the broker operates in compliance with the regulatory standards set by the VFSC. This includes adhering to certain financial and operational requirements, ensuring fair trading practices, and safeguarding customer funds.
While licenses in Australia and New Zealand are undoubtedly prestigious and hold their own significance, the VFSC authorization allows the broker to cater to a more diverse international clientele. It demonstrates their commitment to maintaining regulatory compliance and providing a secure and reliable trading environment for customers worldwide.
Mar 7 2023
I read an article about TMGM and it claims that they use an ECN Execution Model for their trading services. However, I'm a bit confused since TMGM is not explicitly labeled as an ECN broker. This got me thinking, is it possible for an STP broker to implement the ECN pricing model? I understand that using the ECN execution model can provide traders with faster execution speeds, the best market prices, and minimal slippage, but I'm curious to know how exactly this is achieved and whether an STP broker can offer these benefits. Can you shed some light on how an STP broker can utilize ECN technology to provide their clients with the advantages of deep liquidity and competitive market pricing? Thanks!
May 15 2023
Hi dude! As I know, it is possible for an STP broker to implement an ECN pricing model. In fact, many STP brokers do implement this model to offer their clients the benefits of deeper liquidity and tighter spreads.
To do this, the STP broker will typically partner with liquidity providers (LPs) who offer deep liquidity pools. The LPs will provide the prices at which they are willing to buy and sell assets, and the STP broker will then match the best bid and ask prices to provide the client with the best possible price.
The STP broker can also use technology such as aggregators and bridges to connect with multiple liquidity providers and increase the available liquidity, thereby reducing the likelihood of slippage and ensuring faster execution speeds.
May 19 2023
Yes I agree 100% with the state about TMGM is not an ECN Broker! I mean It is true that TMGM is not an ECN Broker. But it does offer an ECN execution model to provide its clients with access to deep liquidity pools, improved execution speeds, and competitive market prices. The ECN execution model utilized by TMGM allows clients to trade directly with other market participants, such as banks, hedge funds, and other traders. This model eliminates the need for a middleman, which can result in faster execution speeds and tighter spreads. However, it's important to note that while TMGM utilizes an ECN execution model, it is still considered an STP (Straight Through Processing) broker. So, there is huge different between ECN broker and ECN execution model!
Apr 15 2023
Can you provide a detailed overview of the trading conditions offered by TMGM, including the spreads, commissions, and margin requirements? I'm interested in understanding how competitive their pricing is compared to other forex brokers, and whether there are any notable differences in their trading conditions across different account types.
Apr 15 2023
@Mohim Sattar:Certainly! TMGM is a forex broker that offers a range of trading conditions across different account types. Let's take a closer look at their pricing and trading conditions.
Spreads:
TMGM offers variable spreads on their forex pairs, which means that the spreads can change depending on market conditions. The spreads start from as low as 0.0 pips on certain account types. However, it's worth noting that spreads can widen during periods of high market volatility, which can impact trading costs.
Commissions:
TMGM charges a commission on certain account types, such as their Zero account. The commission is charged as a percentage of the trade value and can vary depending on the forex pair being traded.
Margin requirements:
TMGM offers competitive margin requirements on their forex pairs, with the margin starting from as low as 0.5%. This means that traders can leverage their trades by up to 200:1.
Account types:
TMGM offers a range of account types to suit different trading needs. Their account types include:
Standard Account: This account offers variable spreads, no commission, and requires a minimum deposit of $200.
Zero Account: This account offers spreads starting from 0.0 pips, a commission of $7 per lot, and requires a minimum deposit of $500.
ECN Account: This account offers raw spreads with a commission of $6 per lot and requires a minimum deposit of $1,000.
It's worth noting that the trading conditions can vary depending on the account type, with the Zero account offering the most competitive spreads but also charging a commission.
In terms of pricing and trading conditions, TMGM offers competitive spreads and margin requirements, with the option to choose between different account types depending on trading needs. While their pricing may not be the absolute lowest in the market, they are still competitive and offer a range of benefits such as low margin requirements and a variety of account options. It's always recommended to compare different forex brokers to find the best fit for your trading needs.
Apr 15 2023
In terms of platform options, I see that TMGM offers both MetaTrader 4 and 5, as well as a proprietary platform. Can you provide a detailed comparison of the features and capabilities of each platform, and which platform you would recommend for traders with different levels of experience and trading strategies?
Apr 16 2023
@Rashed Tilkon: Hey there! I am happy to help you! Let's break them down:
MetaTrader 4 (MT4): It's a popular choice known for being user-friendly. It offers lots of technical indicators, advanced charts, and automated trading features. If you're new to trading or prefer a simple interface with plenty of indicators, MT4 is a good fit.
MetaTrader 5 (MT5): This platform builds on MT4 and adds more features. You'll find the same indicators and charts, plus extra asset classes like stocks and futures. MT5 is for those who want more advanced tools and enjoy trading across different markets.
TMGM Trader: TMGM's own platform is designed to be easy to use and efficient. It may not have as many third-party tools, but it offers a clean interface, fast execution, and essential trading features. If you like a straightforward platform without any extra frills, TMGM Trader could be a good option.
For beginners, MT4 is a great starting point. If you're an experienced trader or want access to different markets, MT5 might be your go-to. And if simplicity and efficiency are your priorities, TMGM Trader could be the right fit. Take some time to explore and consider your trading style to find the best platform for you!
Apr 15 2023
I'm interested in learning more about the customer support offered by TMGM, as I believe this is an important aspect of any forex broker. Can you provide an overview of the different support channels available, such as email, phone, and live chat? Additionally, how responsive and helpful is their support team in addressing issues and answering questions from traders?
May 27 2023
@Nadia Islam:Well, mate, let me give you the lowdown on TMGM's customer support. They've got a range of channels for you to reach out to them, including good old email, a good old-fashioned phone call, and the ever-convenient live chat. So, whether you prefer typing away on your keyboard or having a good old-fashioned chat over the phone, they've got you covered.
Now, when it comes to their support team, they're a bunch of legends, I tell you. They're not just quick to respond, but they're also genuinely helpful. No matter what questions or issues you throw at them, they'll be there to sort it out for you. You won't be left hanging, mate. They're all about making sure their traders are well taken care of.
So, if you choose TMGM as your broker, you can have peace of mind knowing that you've got a friendly and responsive support crew by your side. They'll be there to guide you, answer your queries, and help you out whenever you need it. Trust me, it's a good feeling to have that kind of support in your corner.
May 19 2023
I came across this article mentioning that TMGM has recently obtained a license from New Zealand. While this is great news for TMGM, I am curious to learn more about this license and the regulatory environment in New Zealand. Is the license from New Zealand a strong regulatory license? What kind of regulations and oversight are in place to protect traders who trade with TMGM? I want to make sure that my funds are safe and that I am trading with a reputable broker. Could you provide some more information on the New Zealand license and the regulatory environment for brokers operating in New Zealand?
May 22 2023
Hi mate! The New Zealand Financial Markets Authority (FMA) is a well-respected regulatory body that oversees financial markets and services in New Zealand. It's known for having high regulatory standards and strict compliance requirements for financial service providers. So, getting a license from the FMA is a significant achievement for TMGM and demonstrates their commitment to providing a safe and reliable trading environment for their clients. Overall, this license provides an extra layer of security and peace of mind for traders who choose to do business with TMGM.
May 20 2023
@Alexander: Sure, dude! Let's break it down. TMGM getting a license from New Zealand is great news. The license, issued by the Financial Markets Authority (FMA), shows strong regulatory strength. New Zealand is known for its robust regulatory environment, protecting investors and promoting fair markets. The FMA operates under the Financial Markets Conduct Act (FMCA), setting rules for brokers. TMGM has to meet strict requirements, like capital adequacy and client fund segregation, and the FMA monitors compliance. They can take action for any misconduct, ensuring a secure trading environment. So, no need to stress, TMGM is backed by a strong regulatory framework!
Jun 16 2023
What does the term "trading volume" mean in the context of TMGM's achievement as one of the top 10 Brokers globally for Forex Trading Volume? I read that TMGM reported a trading volume of over $195 billion, but I'm curious to understand what exactly trading volume refers to in this context. Does it represent the total value of trades executed by TMGM's clients within a specific timeframe? I'd like to gain a better understanding of how trading volume is measured and its significance in determining TMGM's position as a global leader in CFD online trading.
Jun 17 2023
@Yudha: In the context of TMGM's achievement as one of the top 10 Brokers globally for Forex Trading Volume, "trading volume" refers to the total value of trades executed by TMGM's clients within a specific timeframe. It represents the combined worth of all the trades carried out by traders on TMGM's platform during a given period, like a day, month, or year. The trading volume serves as a crucial metric in the financial industry, showcasing the level of activity and liquidity within a broker's platform. TMGM's reported trading volume of over $195 billion demonstrates the significant amount of trading conducted by their clients, indicating the popularity and trust they have in TMGM's services. This achievement solidifies TMGM's position as a global leader in CFD online trading, reflecting their ability to attract traders and handle substantial trading volumes effectively.
Jul 14 2023
Just being curious here. I mean based on the article about TMGM, What factors motivate brokers to sponsor football events or teams? In the case of TMGM's sponsorship of the AFF Championship, what benefits do they hope to gain by strengthening their brand presence in South East Asia, particularly in markets like Vietnam and Indonesia? Additionally, can you provide more details about TMGM's digital presence strategy, such as their 'Players to Watch' social media campaign and how it aims to engage fans during the tournament? Hope there is insight bout it, thank yoU!
Jul 15 2023
@Farhan: In my opinion, sponsorship of football events or teams by brokers like TMGM is motivated by several factors. Firstly, it offers brand exposure on a large scale, as football has a massive global following. By associating their brand with popular football events or teams, brokers can enhance their brand visibility and reach a wider audience.
In the case of TMGM's sponsorship of the AFF Championship, they aim to strengthen their brand presence in South East Asia, particularly in markets like Vietnam and Indonesia. These markets have shown significant growth in the trading industry, and by aligning themselves with a prestigious football tournament in the region, TMGM aims to establish brand recognition and build trust among potential traders in those markets.
Sep 12 2023
Hey there! I'm new to trading and recently stumbled upon TMGM. Their Classic account caught my eye since it offers no commissions. I did some research and found out that this account uses ECN execution, giving traders direct market access. One thing I noticed is that they also offer a swap-free option for Muslim traders. I'm curious, why is this option important for Muslim traders specifically? Can you explain what swap fees are and how they relate to Islamic finance? And how does TMGM's swap-free option work? I'd love to learn more about it
Sep 13 2023
You need to know, in Islamic finance, interest or riba is prohibited. Swap fees are essentially an interest payment charged on positions that are held open overnight in forex trading. Because of this, Muslim traders are not allowed to participate in conventional forex trading that involves paying or receiving interest. To cater to this, brokers like TMGM offer swap-free or Islamic accounts that do not charge or pay interest. Instead, they may charge an administration fee or adjust the price of the currency pair to compensate for the lost interest.
TMGM Classic's swap-free option works by removing any swap fees from the trades made by Muslim traders. This allows them to participate in the forex market without violating their religious beliefs. It's worth noting that not only Muslim traders can benefit from swap-free accounts. Traders who prefer to avoid swap fees for other reasons can also opt for this type of account.
Sep 14 2023
To be noted, the swap-free option is not exclusive to Muslim traders, but it is designed to accommodate their religious beliefs. In Islamic finance, there is a prohibition on earning or paying interest, which is known as riba. This includes the concept of swap fees, which are charges incurred for holding a position overnight.
In conventional trading, swap fees are typically charged to reflect the difference in interest rates between the two currencies being traded. For example, if you buy a currency with a higher interest rate than the currency you are selling, you will earn a positive swap fee. Conversely, if you buy a currency with a lower interest rate, you will incur a negative swap fee.
For Muslim traders, the concept of paying or earning interest is not permissible under Islamic law. As a result, swap fees are considered haram, or forbidden. To accommodate Muslim traders, many brokers offer swap-free accounts, which allow traders to hold positions overnight without incurring any swap fees.
In practice, a swap-free account works by adjusting the price of the currency pair being traded to reflect the absence of swap fees. This means that the spread, or the difference between the buy and sell prices of a currency pair, may be slightly wider than in a conventional account. However, this difference is generally small and does not significantly impact trading performance.
At TMGM Classic, the swap-free option is available to all traders who wish to avoid swap fees, not just Muslim traders. The option is designed to provide greater flexibility for traders and accommodate a variety of trading styles and beliefs.
Sep 16 2023
Em, am I the only one who just found out that there is an IRESS platform in the broker? quite surprising for me. Usually, each broker offers an MT4, MT5 or cTrader platform for its trading platform.
Because I have never heard before that the TMGM broker has an IRESS platform, is IRESS a new platform at TMGM? What are the uses and advantages of the IRESS Platform? Is this platform suitable for trading users who are beginners or still in the process of learning to trade? Please explain
Sep 17 2023
TMGM, or Trademax Australia Limited, is a financial services company regulated by the Australian Securities and Investments Commission (ASIC) which adheres to strict standards. ASIC regulation is one of the most stringent authorities worldwide, guaranteeing stability and trustworthy care guidelines to protect clients.
TMGM trading technology and software deliver great performance with additional tools including, enhancing its technical capabilities. This broker offers three trading platforms: MetaTrader 4, MetaTrader 5, and IRESS, and does not provide any proprietary platforms based on our findings. The TMGM platform is rated Excellent with an overall rating of 8 out of 10 compared to over 500 other brokers. We ed the best-performing platforms including MT4, MT5, and IRESS, all packed with advanced features and technology.
But I will explain a little about the IRESS platform. MT4 and MT5 are mostly known for forex trading, However, IRESS is more focused on giving traders access to shares and CFD shares. Additionally, the IRESS platform is also highly customizable, and suitable for experienced traders to play with.
IRESS is a platform that supports professional software options. IRESS Trader is an advanced institutional trading platform.
Compared to the MetaTrader platform, IRESS has a simpler and more intuitive interface. In order to provide advanced level functionality for MetaTrader like IRESS, a number of plugins are required. These features include placing advanced orders, setting reminders when there is financial news or price changes, charts that can be manipulated, and also advanced watchlist features.
Oct 26 2023
So, I've got this hunch that TMGM is one heck of a broker, you know? They've got their game on as an ECN broker, serving everyone from individual retail traders to the big league institutions for FX and CFD trading. They've got a buffet of robust trading platforms, and guess what? That includes some fancy names like IRESS, HubX, MetaTrader 4, and MetaTrader 5. But, here's the kicker - what's the deal with HubX? How's it different from the others, and what's it got that makes it special in the trading arena? It's like a puzzle piece in TMGM's platform offering, and I'd love to know how it fits and what it brings to the table for us traders. Like, why would I choose HubX over the rest, you know what I mean
Oct 28 2023
@Joshua Nathan: Let me explain to you! HubX is TMGM's proprietary trading platform, and what makes it special is its tailor-made features designed to offer traders a unique edge. It's known for its user-friendly interface, advanced charting tools, and seamless trade execution. While the other platforms are excellent choices, you might lean towards HubX for its simplicity, speed, and customizability. It's like the choice between a tailored suit and an off-the-rack one; HubX is that bespoke option for traders who appreciate a platform crafted to meet their specific needs and preferences. So, choosing HubX over the others could mean a more personalized and efficient trading experience, giving you that extra edge in the market. It's definitely worth exploring!