The financial markets are flooded with online brokers offering their trading services, with each claiming to be better than the rest. You need a professional and dependable platform for your trading needs, but this doesn’t mean that you take a company at its word. It is a must to look into their offerings carefully before you decide to open an account. After all, this decision can have great consequences on your trading journey and the outcome. What can you do to make the right choice? This TMGM review can come in handy because it can help you learn the ins and outs of this broker.
Founded in 2013, TMGM is one of the global brokerages that you will find in your search that gives you access to CFDs in different markets. Their offerings appear to be quite intriguing, so it is a good idea to know of its ins and outs. It was established in Australia and has developed a strong reputation over the years. How has it managed to do so? Take a look at its details below:
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To ascertain whether a brokerage is safe or not, you need to check its regulatory status. As mentioned above, TMGM was established in Australia, which means they have a license from the Australian Securities and Investment Commission (ASIC). This regulatory authority is renowned for its strict standards, which means any company that’s regulated by them is stable and trustworthy. The broker’s parent entity is also regulated in Vanuatu, which is an offshore jurisdiction.
The regulatory status of TMGM means that it ensures segregation of client funds, which means your money is kept in separate accounts and with the leading banks in the market. In addition, your funds are also insured, which means you will be compensated in case of a problem.
One of the most important aspects of a broker is their trading instruments and knowing what options are available is a must because if affects your profitability. It is undoubtedly a big benefit to discover that TMGM has put together more than 100 forex currencies, indices, commodities, options, ETFs, futures, stocks, bonds, and even cryptocurrencies on their platform. This variety allows you to diversify your investment portfolio and make maximum profits while keeping your risks low.
It is a must to check the trading platform provided to you as well because it affects your trading experience and TMGM does not disappoint in this regard. First off, they have added the MT4 trading platform, which is well-known in the financial markets because of its simplicity yet powerful technology. Along with this platform, they have also added an inbuilt platform called IRESS, which also offers you a smooth trading experience. You will also find some powerful trading tools available that can be extremely beneficial during the trading process.
Opening an account with the broker is part of the process and here you will discover that TMGM has added multiple trading accounts that can offer you functionalities and features that you will require throughout the trading process, regardless of your experience. You can choose between a TMGM Classic Account and a TMGM Edge Account. The former has spreads that start from 1 pip, but there are no commission fees involved because they are already included in the spread. Scalping and hedging are also allowed and the base currencies supported include AUD, EUR, USD, NZD, GBP, and CAD.
The Edge account at TMGM offers the lowest spreads, which begin at 0 pips, but a $7 commission is applicable. It resembles ECN trading, which means you get ECN pricing and that’s how the tightest spreads are available. A demo account and swap-free account are also available on the platform.
TMGM offers support for a variety of payment methods, along with a TMGM Academy for educational resources for their clients, making it a professional platform for trading.
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