Opening a new account in TMGM is very easy and relatively quick. Here's the complete guide to get you started.

There are many reasons why people want to start trading despite the risks. Most of them are attracted to the big money, while others simply find it entertaining. The idea of being able to make money to live comfortably from anywhere in the world with only a PC or mobile phone is definitely powerful and quite revolutionary in the financial industry. It is also an excellent option for those who long for financial freedom and high flexibility. Full-time traders can make their own schedule, work at any time they want, and live by their own rules.

If you wish to be a true trader, the first thing you need is a trading account. You need a broker and open an account in said broker to access the market. Not all brokers are beginner-friendly though, so make sure to check the broker's terms and conditions before signing up.

In this article, we're going to talk about all the steps required to open an account in TMGM broker, ranging from the types of documents you need to how to activate your account for the first time.

How to Open Account in TMGM

 

Introduction to TMGM

TMGM, or Trademax Global Markets, is an Australian-based broker that was established in 2013. The broker has several branches in Australia and New Zealand and is regulated by ASIC of Australia, FMA of New Zealand, and VFSC of Vanuatu. Currently, the broker operates in over 150 countries and is known to be one of the top brokers that offer high-quality services and competitive fees.

TMGM offers access to various tradable assets, such as forex pairs, shares, indices, metals, energies, and cryptocurrencies. All clients can start opening positions as small as 0.01 standard lots and a maximum of 80 lots. The maximum leverage is 1:500, although it can differ depending on the chosen instrument. Moreover, all trades are executed with the Market Execution model, so traders will get the price requested on the platform. If the price isn't available, then the trade will be carried using the next best available price.

🌐 Website
www.tmgm.com
Leverage
1:500
💼 Regulation
💲 Min Deposit
$100
Year Established
2013

VPS
Skrill
Wire transfer
Neteller
FasaPay

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.

To register, scan one of the QR codes below:

qr code tmgm

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.

 

What Should You Prepare?

Opening a live account in TMGM is actually quick and easy, but there are several documents that you must prepare beforehand. Basically, you'll need to provide a multicolor scanned copy of each document and submit it to the broker. This is part of the regulations imposed by the authority, which aims to protect the broker and its clients from fraud and other malevolent activities.

The documents must either be in jpg, png, or pdf format and the file shouldn't be larger than 10 MB. There are two types of documents that you'll need to provide, namely:

 

Proof of Identity

This document is required to confirm your identity. Ensure that the document contains your full name, date of birth, and expiry date. You can choose to provide one of the following options to TMGM broker:

  • Valid Passport
  • Valid Government ID such as driving license or state ID
  • Valid National Identity Card

 

Proof of Residence

This document is needed to confirm your address. Ensure that the document contains your full name and full residential address (PO Box is not accepted). Also, it should be dated within the last three months (90 days). Here are the options that you can choose from:

  • Bank Statement
  • Utility Bill (Gas, Electricity, Water, Phone, or Internet)

You can upload the documents straight from your Client Portal, but if you have trouble with this, you can send them via email to [email protected]. The team will then process your documents manually. At TMGM, document verification typically takes a few hours. You are free to contact customer service if you'd like an update on the status of your account.

Please note that account verification is mandatory in TMGM to activate your account in this broker. If your account is still unverified, you won't be able to make any deposits and use the account to trade.

 

How to Start Trading in TMGM Broker

Signing up in TMGM typically only takes 10-15 minutes to complete, or maybe less if you already prepared the documents beforehand. Here are the steps that you should follow:

1. Head over to the broker's website and click "Get Started" in the top-right corner.

Step 1

 

2. Enter your personal details, such as your name, email address, phone number, and country of residence. Then click "Next".

Step 2

 

3. Enter your date of birth and your full address. Click "Next" to proceed.

Step 3

 

4. Configure your account in TMGM broker. Select your preferred account type, base currency, and leverage. Create a strong password for your account.

Step 4

 

5. Verify your account. Upload a copy of your Proof of Identity, which can either be your passport, national ID, or driver's license. You can either drop the file or click to choose the file from your computer. Make sure to upload a valid, multicolored copy of the real document.

Step 5

 

6. Then upload your Proof of residence, which can either be a bank statement or utility bill. Make sure that the document is dated within the last 90 days. Once you're done, click "Submit". TMGM then will begin processing your documents and application and it may take a few hours to complete. If you have any questions, you can contact customer service via Live Chat at the bottom right corner of the page.

Step 6

 

7. You will be notified via email as soon as your account is ready to go. You will receive an email containing your account credentials, including your trading account number, trading server details, password, leverage, and base currency. Your dashboard will also be updated.

Step 7

As an alternative, you can open a demo account from your Client Portal. This is actually a great place to start for complete beginners. It allows you to practice trading without having to deposit real money and familiarize yourself with the trading platform.

It is worth noting that TMGM allows clients to open up to five additional live accounts at the same time. You can do so by clicking the "+ Live Account Application" button on your Client Portal. This will direct you to open a new MT4 account by default. But if you want to open a HUBx or Iress account, you'll need to send a request to the broker by sending an email from your registered email address to [email protected] or contact the broker via the Live Chat on the website.

 


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.