TMGM

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TMGM 2024 Broker Review

Written by:

ForexBrokerTalk

Fact checked by:

ForexBrokerTalk

Recommended for

  • Any forex or CFD traders in EU, AU, SA, etc.

Trust Level: Very High

  • Licensed and regulated by ASIC (Australia), VFSC Vanuatu (Vanuatu), and FMA (New Zealand),
  • In business since 2013

Popularity

561 people visited this broker using ForexBrokerTalk within the last 6 months

Introduction To TMGM

TMGM, established in 2013 and headquartered in Sydney, Australia, stands out in the forex market for its credibility and extensive brand presence. This multi-regulated broker, authorized by ASIC (Australia), VFSC Vanuatu (Vanuatu), and FMA New Zealand (New Zealand), offers a range of account types suitable for various trading styles. With competitive fees, fast order execution, and a choice between the renowned MetaTrader 4 and the advanced IRESS platform, TMGM caters to both high-frequency and high-volume traders.

However, TMGM does have some limitations, including a high inactivity fee and a lack of ETFs or options trading. While their educational content is somewhat limited, which might be a drawback for beginners, the broker excels in customer support, providing efficient and reliable assistance. Overall, TMGM is a strong option for traders in the Forex market, offering a blend of transparent trading conditions, diverse account types, and robust platform options.

$100

Minimum Deposit

$3.50

FX Commission
(per lot)

Yes

Free Demo Account

Yes

Inactivity fee
(see below)

Pros

Well regulated

In business since 2013

Different account choices

Cons

High inactivity fee

Limited educational & learning content

Review Video:

Coming soon!

TMGM Quick Facts

Country Headquarters

Australia

Instruments Offered

Forex, Metal, Stock Indices, Crypto

Base Account Currency

AUD, EUR, CAD, GBP, NZD, and USD

Minimum Deposit

$100

Withdrawal Fee

$0

Account Verification Time

1 Business Day

Deposit Options

Card, bank wire, PayPal, PayID, Revolutwise

Accepts crypto deposit

No

Trading Platforms

MetaTrader 4 & iRess

Demo Accounts

Yes

VPS Offered

Yes

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Account Opening 4 / 5

TMGM offers several different types of trading accounts for retail traders. The account sign up process is very simple and straight forward. After selecting your account you will be guided through the digital setup process.

The process will require you to upload your ID and residency documentation as apart of the KYC process. Once your account has been verified you will be ready to trade with TMGM.

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Commissions & Fees 4 / 5

TMGM offers competitive fees with its Classic account featuring commission-free trading and floating spreads starting from 1.0 pips.

On the Edge account, TMGM charges a $7 round turn commission per lot, which means traders pay $3.5 for opening a position and $3.5 for closing it. This commission rate is standard in the industry.

Additionally, TMGM does not charge for deposits or withdrawals, but there is a maintenance fee of $30 for dormant accounts with a balance below $500, on which no activity has been registered for a period of 6 months.

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Deposit and withdrawal 5 / 5

TMGM offers a variety of deposit options, including:

  • Card
  • Bank wire
  • PayPal
  • PayID
  • RevolutWise

No fees to withdrawal money.

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Trading Platforms 4 / 5

TMGM offers the following trading platforms for it’s clients:

  • MetaTrader 4
  • iRess

At this time of writing this review, the broker is in the process of launching MetaTrader 5 – but it is not yet available.

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Customer Support 5 / 5

TMGM offers 24/7 support via phone, live chat, email. Support is offered in 10 different languages.

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Other 4 / 5

Some other cool features Pepperstone offers:

  • Free demo account (live account not required)
  • Educational content and videos
  • Trading ideas and market analysis
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About ForexBrokerTalk

ForexBrokerTalk is a free service which helps both new and experienced traders find the best forex broker for their needs. As an impartial party we have reviewed more than 50 different forex brokers, with new brokers being added everyday. Additionally we offer a free newsletter to keep traders up to date on the latest in forex broker news, promotions, and more! Have any questions? Click here to contact us and we’ll be happy to help.

4.3 / 5

ForexBrokerTalk Final Score

TMGM is a highly regulated broker, that’s been in the industry for a while. We have found that they are competitive broker, and bring an attractive offering for traders. We think this broker would make a great choice for most forex and CFD traders.

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