TMGM is now officially a legal broker in New Zealand licensed by Financial Markets Authority (FMA).
TMGM commits to expanding its trading service globally. For the next step, this Australian forex and CFD broker successfully had a regulator license from Australia's neighbor, New Zealand. TMGM is now officially a legal broker in New Zealand licensed by Financial Markets Authority (FMA).
"This is a key milestone for TMGM," TMGM's Chief Marketing Officer, Angelo D'Alessio, said on the development. "Expanding our global reach has been an important focus for us."
TMGM concerns regulation as it is the prior consideration for someone who chooses to trade with the company. From Sydney, they have got the license from AFS and want to add a new company near their headquarters, and New Zealand is the best place for them.
TMGM, formerly known as TradeMax, already has regulation from Vanuatu Financial Services Commission (VFSC). Vanuatu is a country in the Pacific Ocean, not far from Australia. Lee Yu, Chief Executive Officer at TMGM, has managed some strategies to add more licenses from other countries to smooth their expansion.
Marketing strategy is also crucial for the broker to attract more customers. Sponsorship is the general method to strengthen the brand, and sport is a strategic line to be entered.
"Since the success of the Australian Open sponsorship, widening our reach was a natural step for us in this journey. Securing the FMA license further solidifies our commitment to expanding our offering for New Zealand clients," D'Alessio added.