Join the ultimate trading competition and stand a chance to win more than $190k from TMGM. Here's the detailed guide that you need to know.
TMGM, also known as Trademax Global Markets, is an internationally recognized forex broker founded in Australia, where it was established in 2013. Over the years, TMGM has emerged as a reputable broker and extended its Forex/CFD trading services to a vast clientele of over 4 million customers.
To ensure compliance and maintain credibility, the broker is subject to regulation by several authorities such as ASIC (Australia), FSP (New Zealand), VFSC (Vanuatu), and FSC (Mauritius).
And now, TMGM proudly presents the Ultimate Trading Competition 2023, where you have the chance to win an astounding prize pool of $194,500! The winner will be determined based on the highest percentage of profits earned throughout the event.
Whether you're a seasoned professional or a newcomer to the trading world, this competition offers the perfect opportunity to put your skills to test and take your trading journey to new heights. If you want to know more, here's a detailed guide to help you started.
How the Competition Works
Scheduled to commence on May 15, 2023, and conclude on August 24, 2023, the Ultimate Trading Competition 2023 from TMGM spans an impressive duration of 3 months and 16 days. This extended timeline provides traders with ample opportunity to demonstrate their expertise, refine their strategies, and navigate the intricacies of the market with precision and agility.
To take part in this prestigious event, TMGM traders must register between the specified dates of May 8, 2023, 00:00:00, and August 24, 2023, 23:59:59 AET. This registration window ensures that interested participants have ample time to enroll and prepare themselves for the competition ahead.
The participant who emerges as the champion in this competition will be determined based on their ability to generate the highest percentage of profits throughout the entire event. Notably, all the cash prizes awarded to the winners can be freely withdrawn, enabling them to fully enjoy the fruits of their trading success.
The highly regarded competition offers a grand prize that commands attention, amounting to a remarkable $194,500. This substantial sum is divided between two distinguished groups: the Ares group, which receives $103,000, and the Master group, which is awarded $91,500.
The Ares group, consisting of the top-performing traders, will receive the following cash prizes:
- 1st place: $60,000
- 2nd place: $20,000
- 3rd place: $10,000
- 4th place: $4,000
- 5th to 10th place: $1,500 each
Additionally, each subgroup from the Master group within the competition will have its own set of cash prizes for the top performers. For the top traders within each subgroup, the cash prizes are as follows:
- 1st place: $10,000
- 2nd place: $5,000
- 3rd place: $2,500
- 4th place: $1,000
- 5th to 10th place: $1,000 each
- 11th to 20th: $500 each
Where to Find the Information on the Official Broker Site?
- This information is reported per Jul 17 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore TMGM homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Join TMGM Trading Competition
To participate in The Ultimate Trading Competition from TMGM, traders must have a TMGM trading account. New traders can easily open an account, and the process is hassle-free.
Once traders have successfully registered for the contest, they can proceed to make a deposit into their TMGM trading account. This deposit serves as the initial capital that participants will utilize to execute their trades throughout the competition.
Entry Conditions
- Masters Group and Ares Group:
- The Master Group consists of three sub-groups: Red, Black, and Blue.
- The Ares Group is a separate group.
- Deposit Requirements:
- To participate in the Red Subgroup, Black Subgroup, or Blue Subgroup of the Master Group, participants must deposit a minimum of $500 and up to $19,999 USD.
- To participate in the Ares Group, participants must deposit a minimum of $20,000 USD or more.
- Account Validity: Participants can use any type of TMGM trading account as long as it has a trading period of more than 10 days.
- Trading Volume Requirements:
- For the Master Group, participants must meet a trading volume requirement of 2 standard lots for every $1,000 deposit made. This means participants need to trade 0.2 lots for every $100 deposit made.
- For the Ares Group, participants must meet a trading volume requirement of 1.5 standard lots for every $1,000 deposit made.
Key Terms & Conditions
- Prior to receiving the prize, participants must undergo the verification process for their accounts.
- The application of general terms and conditions is a requirement for participating in the competition.
- TMGM reserves the right to modify or alter the promotion at any time without prior notice.
Final Words
Don't miss out on this extraordinary opportunity to test your trading skills and compete for a chance to win a share of the impressive $194,500 prize pool. Register now with TMGM and join the ranks of ambitious traders aiming for glory in the Ultimate Trading Competition 2023.
Should you join the Ultimate Trading Competition, may success follow you in your attempts to be one of the winners.
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.
15 Comments
Jul 17 2023
I am interested in the contest. With only $500, I can have a chance of winning up top $10K. Is there a trick to this and where I can see the classement?
Jul 17 2023
It's great to hear that you're interested in participating in the trading competition sponsored by TMGM. With a minimum deposit of $500, you can indeed have a chance to win up to $10,000 in cash prizes.
There is no trick to winning the competition, as the rules are straightforward. The competition is open to all traders with a live account, and participants are required to trade on the MetaTrader 5 platform during the competition period. The objective is to generate the highest percentage return on investment (ROI) during the competition period, which is typically several weeks. The top-performing traders with the highest ROI at the end of the competition period will be awarded cash prizes.
To participate in the competition, you need to have a live account with TMGM, which requires a minimum deposit of $500. Once you have a live account, you can register for the competition and start trading on the MetaTrader 5 platform. The competition period is typically several weeks, and the top-performing traders with the highest ROI at the end of the competition period will be awarded cash prizes.
It's important to note that trading competitions can be highly competitive, and success is not guaranteed. However, traders can improve their chances of success by using sound trading strategies, staying disciplined, and utilizing the educational resources and mentorship programs provided by TMGM.
The educational resources provided by TMGM include video guides, tutorials, webinars, articles, and market analysis. These resources are designed to help traders understand the markets better, develop their trading strategies, and improve their chances of success. Additionally, traders can benefit from personalized guidance and mentorship from experienced traders and financial experts, who can provide them with insights into trading strategies and answer any questions they may have.
Regarding the leaderboard or the classement, the competition results are usually updated in real-time on the TMGM website. Participants can view their rankings on the leaderboard, which displays the names and performance of the top-performing traders, along with their ROI and total profit or loss. Participants can use the leaderboard to track their progress and assess their ranking in the competition.
In conclusion, participating in a trading competition like the one sponsored by TMGM can be a challenging yet rewarding experience for novice traders. By using sound trading strategies, staying disciplined, and utilizing the educational resources and mentorship programs provided by TMGM, traders can improve their chances of success and gain valuable experience and knowledge that can help them succeed in the markets.
Jul 17 2023
As a budding trader with a keen interest in the financial markets, I find myself at the threshold of participating in my first-ever trading contest. Despite my limited experience, I am enthusiastic about taking on this challenge and testing my skills in a competitive environment. I have had the chance to dabble in trading alongside some friends who have been actively involved in the markets for several months now, which has given me a taste of the potential opportunities and risks involved.
However, being relatively new to the world of trading, I am aware of the considerable knowledge and experience gaps that I possess. This has led me to ponder whether trading contests typically offer any form of educational resources or support to participants, especially those like me who are still in the early stages of their trading journey.
While I understand that trading competitions are meant to be competitive, I am also keenly interested in the prospect of learning and growing as a trader through this experience. Thus, I would like to know if there are educational resources, mentorship programs, or any form of guidance provided to participants during the contest.
For instance, do organizers of trading contests offer comprehensive tutorials, webinars, articles, or video guides that cover essential trading concepts and strategies? Are there experienced mentors, financial experts, or educators available to provide personalized guidance and answer questions for participants seeking to enhance their trading skills?
Jul 17 2023
Participating in trading competitions can be a great way for novice traders to test their skills and knowledge in a competitive environment. As such, it is natural for them to wonder whether trading contests offer any form of educational resources or support to help them enhance their trading skills. Fortunately, trading competitions like the one sponsored by TMGM provide participants with access to a wide range of educational tools and resources.
One of the primary ways that trading competitions can help novice traders is by providing them with educational resources that cover essential trading concepts and strategies. TMGM's trading competition offers participants access to video guides, tutorials, webinars, articles, and market analysis. These resources are designed to help participants understand the markets better and develop their trading skills. By learning from these resources, novice traders can gain valuable insights into the markets and develop their trading strategies.
In addition to educational resources, trading competitions can also provide participants with personalized guidance and mentorship from experienced traders and financial experts. These mentors can help participants understand the markets better and provide them with insights into trading strategies that are proven to be successful. Moreover, mentors can also answer questions and provide feedback, helping participants fine-tune their strategies and improve their chances of winning the competition.
Moreover, trading competitions can provide novice traders with exposure to new trading strategies and enable them to learn from experienced professionals. While trading contests are meant to be competitive, they can also be a valuable learning experience. By observing the strategies used by other participants, novice traders can gain insights into different approaches and trading styles. Additionally, they can also receive feedback from experienced professionals and learn from their successes and failures.
Furthermore, the benefits of participating in trading competitions go beyond the competition itself. By taking part, novice traders can gain valuable experience and knowledge that they can apply in their future trading endeavors. They can also build their confidence and develop their trading skills, which can help them succeed in the markets.
In conclusion, trading competitions like the one sponsored by TMGM can be a valuable learning experience for novice traders. By offering educational resources, mentorship programs, and personalized guidance, these competitions provide participants with an opportunity to improve their trading skills, gain exposure to new trading strategies, and learn from experienced professionals in a supportive and competitive environment. Moreover, the benefits of participating in trading contests go beyond the competition itself, as novice traders can gain valuable experience and knowledge that they can apply in their future trading endeavors.
Jul 17 2023
Can I have three accounts and participate in the competition simultaneously? And could I use trading strategies or EAs?
Jul 17 2023
According to the rules of the trading competition sponsored by TMGM, participants are only allowed to register for the competition with one live account. This means that you cannot have three accounts and participate in the competition simultaneously. This rule is in place to ensure fair play and prevent any unfair advantages that could arise from having multiple accounts.
It is worth noting that participants are free to use any trading strategy or EA during the competition period. However, it is vital to ensure that the trading strategies or EAs comply with the rules and regulations of the competition. For instance, participants cannot engage in any form of market manipulation or abuse, such as scalping or hedging. Violation of the rules may result in disqualification from the competition and forfeiture of any prizes won.
Traders can use a wide range of trading strategies in the competition, including fundamental analysis, technical analysis, and algorithmic trading. They can also use a variety of trading tools and indicators to analyze the markets and make informed trading decisions.
Some participants may choose to use automated trading strategies or EAs during the competition. EAs are computer programs designed to execute trades based on predefined trading rules and algorithms. They can be highly effective in generating profits in the markets, but they also come with risks. Therefore, it is essential to test EAs thoroughly before using them in the competition and ensure that they comply with the rules and regulations of the competition.
Regarding the use of trading strategies or EAs, it is important to note that using a trading strategy or EA does not guarantee success in the competition. The trading competition is highly competitive, and success is not guaranteed. Therefore, it is recommended that participants use sound trading strategies and avoid taking unnecessary risks.
In conclusion, while participants are only allowed to register for the trading competition with one live account, they are free to use any trading strategy or EA during the competition period. However, it is essential to ensure that the trading strategies or EAs comply with the rules and regulations of the competition and avoid taking unnecessary risks. By using sound trading strategies, testing EAs thoroughly, and adhering to the competition rules, participants can improve their chances of success and win cash prizes of up to $10,000.
Jul 18 2023
Am I allowed to withdraw during the competition period? How does it work?
Jul 18 2023
During the trading competition sponsored by TMGM, participants are allowed to withdraw their funds at any time, including during the competition period. However, it is important to note that withdrawing funds may have an impact on the trader's performance in the competition.
The objective of the trading competition is to generate the highest percentage return on investment (ROI) during the competition period. Therefore, participants need to manage their funds carefully and avoid withdrawing funds unnecessarily. Withdrawing funds reduces the amount of capital available for trading, which may affect their ROI and ranking in the leaderboard.
For example, let's say a participant starts the competition with a $500 account balance and generates a 20% ROI, their profit would be $100, and their account balance would be $600. If they withdraw $200 from their account, their account balance would be reduced to $400, and their ROI would be calculated based on the remaining $400. This means that their ROI would be lower, and their ranking on the leaderboard could be affected.
It is also worth noting that participants are not allowed to add additional funds to their accounts during the competition period. Therefore, it is important to manage the funds carefully and trade wisely to maximize returns.
Moreover, participants should keep in mind that withdrawing funds from their trading account may also incur fees, such as bank transfer fees or currency conversion fees, depending on the withdrawal method and the participant's location. It is recommended that participants check the fees and charges associated with their withdrawal method before making any withdrawals.
Regarding how withdrawals work, participants can withdraw their funds from their trading account by logging in to their TMGM account and navigating to the withdrawal section. The withdrawal process typically involves selecting the withdrawal method, entering the withdrawal amount, and providing any additional information required by the withdrawal method. Once the withdrawal request is processed, the funds will be credited to the participant's designated account.
In conclusion, participants are allowed to withdraw their funds at any time during the competition period. However, it is important to consider the impact of withdrawals on their performance in the competition and manage their funds carefully. Participants should also be aware of any fees or charges associated with their withdrawal method and follow the withdrawal process provided by TMGM. By managing their funds carefully and trading wisely, participants can improve their chances of success and win cash prizes of up to $10,000.
Jul 18 2023
Are all the traders in the TMGM Trading Competition automatically considered masters just because they have to deposit a substantial amount of money? Does having a big deposit imply expertise in trading? I'm genuinely curious to understand if this competition primarily attracts experienced traders who can afford to invest a significant sum of money. From what I gathered in the article, the entry requirement is set at $20,000, which seems quite high for beginners. Considering this, do you have any tips for beginners venturing into real trading? And is there any way to accelerate the learning process in forex trading? I appreciate your insights!
Jul 19 2023
In the TMGM Trading Competition, having a big deposit doesn't automatically make you a trading "master." While a large deposit shows financial capability, it doesn't guarantee trading expertise. The $20,000 entry requirement might seem high for beginners, but it's important to note that competitions often have different skill level categories.
For beginner traders, here are some tips that I know: educate yourself about trading basics, start with a smaller account or demo trading, set realistic goals, manage risks, and keep learning from online resources and trading communities.
To speed up learning, attend webinars, seek mentorship, and use educational materials provided by brokers. Remember, trading takes time to master, so be patient, continuously improve, and learn from experiences.
Trading has risks, so seek professional advice and do thorough research before trading live.
Jul 20 2023
In my opinion, honestly, such a high deposit requirement can be quite discouraging, especially for beginner traders or those on a tight budget. It would be great if they offered alternative options or lower deposit amounts to make it more inclusive.
In the spirit of fairness, it's important for trading competitions to consider different categories or divisions that accommodate traders of all levels. This way, both seasoned pros and newcomers can have a fair shot at showing off their skills without breaking the bank.
So, while the TMGM Trading Competition may seem exclusive due to the high deposit and terms mentioned, it's worth exploring other competitions that have more reasonable requirements. Let's find a competition that truly welcomes traders from all walks of life!
Jul 18 2023
Hey, do the regulatory authorities actually keep a close eye on the competitions organized by brokers like TMGM to make sure everything is fair and compliant? I mean, TMGM is regulated by ASIC (Australia), FSP (New Zealand), VFSC (Vanuatu), and FSC (Mauritius), which sounds impressive. But I'm curious if these regulatory bodies actively oversee the competitions run by TMGM. It's important because regulators play a crucial role in ensuring transparency, fairness, and protecting the interests of traders. So, I wonder if they have measures in place to monitor and regulate the competition activities. It would definitely give participants like us more confidence knowing that there's an additional level of scrutiny and assurance in these competitions.
Jul 20 2023
AS I KNOW, it is absolutely yes! Regulatory authorities such as ASIC, FSP, VFSC, and FSC do actively oversee the competitions organized by brokers like TMGM to ensure compliance, fairness, and transparency. These regulatory bodies have measures in place to monitor and regulate the competition activities to protect the interests of traders and maintain market integrity. Their involvement helps provide an additional level of scrutiny and assurance, giving participants confidence in the fairness of the competitions. If you have any specific concerns or questions about TMGM's competition practices, it is advisable to reach out to TMGM directly or consult the respective regulatory authorities for more detailed information.
Jul 19 2023
Can I change groups after I've joined the competition?
Jul 19 2023
After signing up for the trading competition sponsored by TMGM, participants are assigned to a specific group based on their account balance at the time of registration. The groups are usually determined by the account balance ranges, and participants are grouped accordingly.
Once a participant is assigned to a group, they cannot change groups during the competition period. The reason for this is to ensure fairness and prevent any manipulation of the competition results. Changing groups during the competition period could also potentially give participants an unfair advantage or disadvantage, depending on the new group's level of competition.
It is important to note that the assigned group is determined by the participant's account balance at the time of registration. Therefore, it is recommended that participants carefully consider their account balance before registering for the competition. To ensure they are in the group they prefer or are eligible for.
However, it's worth noting that participants can still improve their ranking within their assigned group by generating a higher ROI than their competitors. The trading competition is based on the percentage return on investment (ROI), which means that participants with smaller account balances can still compete and win cash prizes by generating a higher percentage return on investment than those with larger account balances.
Participants can improve their chances of success in the competition by using sound trading strategies, staying disciplined, and managing their funds carefully. They can also benefit from the educational resources and mentorship programs provided by TMGM, which can help them develop their trading skills and knowledge.
It's essential to note that the competition results are usually updated in real-time on the TMGM website, and participants can view their rankings on the leaderboard. The leaderboard displays the names and performance of the top-performing traders in each group, along with their ROI and total profit or loss. Participants can use the leaderboard to track their progress and assess their ranking in the competition.
In conclusion, participants cannot change groups after being assigned to a specific group during the trading competition sponsored by TMGM. This is to ensure fairness and prevent any manipulation of the competition results. However, they can still compete and win cash prizes within their assigned group by generating a higher percentage return on investment than their competitors. By using sound trading strategies, staying disciplined, and managing their funds carefully, participants can improve their chances of success in the competition.