Leverage - Forex Broker Testimonials

Not a lot of leverage options at all. This only gives you 1:20 to 1:500 with a minimum deposit of $100 meanwhile the other can deposit $1. I admit that all their market tools are advancing and very modern. But again, because of leverage, I really had no choice, so I decided to stop trading there. It is not friendly for beginners. Meanwhile, other brokers can give me more leverage. Actually, I don't use high leverage, but with a high leverage option, I can make profits more often.

LEVERAGE IS TOO LOW! Up to only 500:1. How can I trade with my limited money meanwhile the other broker can provide more? And there are not many options to choose leverage there. Low leverage means you can't open positions frequently if you invest less money. TMGM must have known that leverage is essential and IMPORTANT, so if you want more users to use it, I think you should look into it to increase your leverage. On the other hand, other brokers gave leverage up to 5000:1! The only GOOD about TMGM is their customer service which seems very patient to handle me!

I wouldn't say they are dishonest but I just want to remind new traders to be more careful during trading. Those who love to use high leverage should pay more attention. Especially with the spreads opened at night, every trade that is 200 pips away from the SL point becomes a stop. Meanwhile, The spread, which is 7 pips during the day, goes up to 100-200 pips at 00:00. I am not sure if this happened in all trading instruments, but they should definitely be more careful. I would suggest using small or no leverages and trading small lot.