TMGM bank wire service will be closed for a day on Australia Day. However, the other methods of deposit and withdrawal are still running.
As a legal broker based in Australia, TMGM's working hours will be temporarily closed on Australia Day, Thursday 26th January 2023. Bank wire deposit will not be processed on that day and will be resumed the day after. However, other deposit types remain unaffected. So does the withdrawal process as it will not be processed on the day of Australia day.
The ASIC-regulated broker is one of the popular forex brokers as it offers instant deposit, fast withdrawal, and no commission. TMGM is a broker for a trader who dreams of trading with a minimum deposit of $100. For international bank wire, which is affected by a day off on Australia Day, the process needs 3-5 business days for funds to reflect in the client's TMGM account. TMGM does not charge for bank wire deposits but the sending and correspondent banks may charge according to their own fee structure.
The excellent service of TMGM makes its clients satisfied. Last September, the broker whose complete name is Trademax Global Markets, wins The Financial Commission membership. It means, TMGM is now officially the Financial Commission member roster, which is made up of online brokerages operating in FX, derivatives, and cryptocurrency markets.
All clients of the broker that has a membership to the Financial Commission are protected by the Compensation Fund which acts as an insurance policy. Besides, TMGM has also added its trading platform, IRESS platform.
"TMGM joins a diverse range of brokerages and independent service providers (ISPs) that utilize the services of the Financial Commission as part of their commitment to their clients while upholding membership requirements," the statement further reads.