What is TMGM?
TMGM is an online Forex and CFD broker founded in 2013.
TMGM is regulated by the Vanuatu Financial License (Vanuatu Financial Services Commission-No. 40356) issued by the three major financial regulators ASIC (Australian Securities and Investments Commission-AFSL: 436416), FMA (New Zealand Financial Market Authority-FSP: 569807) and VFSC.
TMGM has AA-rated client funds in Australia’s ADI (Authorized Depository Institution).
All client funds are managed in accordance with the client funds law and stored separately from company funds. Client funds are deposited in a separate client trust account of the National Australia Bank (NAB).
Trading Condition of TMGM
TMGM provides classic and Yiji accounts and IRESS accounts for trading CFD stocks on the MT4 platform. For more information, please visit the trading account section of TMGM’s website.
TMGM provides trading accounts on the trading platforms MT4, Iress and HUBx, and will launch MT5 accounts in the near future.
Once you have registered and verified your TMGM profile, you can create a real trading account through your personal portal.
Comparison of TMGM’s All Account Types
TMGM offers 2 types of trading accounts which are “Edge” and “Classic”.
See the table below to see the difference and choose the right account type for your strategy.
| Account Type | Edge | Classic |
|---|---|---|
| Trading Platform | MT4 and MT5 | MT4 and MT5 |
| Minimum Spread | 0.0 pips | 1.0 pips |
| Trading Commission | $3.5 ($7.0 round turn) | None |
| Minimum Deposit | $100 | $100 |
| Maximum Leverage | 1:500 | 1:500 |
| Base Currencies | USD, EUR, GBP, AUD, NZD, CAD | USD, EUR, GBP, AUD, NZD, CAD |
| Commission on Deposit | Waived | Waived |
| Commission on Withdrawal | Waived | Waived |
| Stop Out | 50% | 50% |
| Trading Server | New York NY4, Tokyo TY3 | New York NY4, Tokyo TY3 |
| Available Markets | 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities | 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities |
| Use of EAs | Allowed | Allowed |
| Scalping Strategy | Allowed | Allowed |
| Hedging Strategy | Allowed | Allowed |
| News Time Trading | Allowed | Allowed |
| Islamic Swap-Free account | Available | Available |
| Stop Limit Distance | Zero | Zero |
| Account Opening Page | Open Edge Account | Open Classic Account |
Open TMGM’s Edge or Classic Account
