TMGM Broker Review

TMGM is a broker providing forex and CFD trading services which has been active since 2013. Under the Trademax Australia Limited company, this ASIC-regulated broker has also spread its wings to expand globally through Trademax Global Markets (NZ) Limited and Trademax Global Limited.

TMGM has a strong presence in the online trading community. The trading conditions offered are very competitive, as evidenced by the spread offers starting from 0.0 pips and leverage up to 1:500. The minimum deposit set is relatively affordable for brokers in its class, starting from just $100.

One interesting unique thing to explore about TMGM is the IRESS Account offer. Through this web trading platform, TMGM provides superior charting and pricing systems, as well as all the equipment needed by a professional trader to process a portfolio.

Then what about services for beginner traders or other traders? Please note, TMGM accommodates the needs of all types of traders by offering the MetaTrader 4 and MetaTrader 5 platforms. All types of accounts are equipped with ECN order execution to support client trading activities, and there is a forex learning program that novice traders can enjoy for free.

TMGM also provides a Rewards program that opens up trading opportunities with prizes of up to $2,500. Meanwhile, for traders who are interested in getting analysis facilities to support their strategy, this broker does not hesitate to offer in-house analysis services, Trading Central, Market Sentiment, and various other interesting features.

For Indonesian traders, TMGM not only provides a quality Indonesian language version of the site but also opens a Live Chat service for Indonesian clients. Traders who actively use WhatsApp and Telegram can also contact TMGM directly via these two messenger applications.

TMGM Benefits

• Tight and Transparent Spreads
  Through the Edge account, TMGM promises trading convenience with tight spreads starting from 0.0 pips. This broker also provides transparent spread data for various trading instruments provided on its official website. TMGM is supported by more than 10 Tier 1 liquidity providers and does not limit the use of any trading strategies, including Scalping, News Trading, and EAs.
  
  
  
• TMGM Rewards
  Not only opening positions to gain profits, trading at TMGM can also earn points to exchange for cash prizes or the trader's dream gadget. Cashback of up to $2,500 is available, iPad, Macbook, Airpods, and iPhone can be selected in this program.
  
  
  
• IRESS Exclusive Account
  More than just analysis and trade execution, the IRESS platform provides special trading features that are not available on MetaTrader. Here, traders can get access to real-time price streaming, Market Depth, investment portfolio management, and various professional trading support facilities. To join, traders open an IRESS account which consists of 3 types: Standard, Premium, and Gold.

TMGM Advantages

• Credible Regulations and Fund Security Guarantees
  The company that oversees TMGM, Trademax Australia Limited, is an ASIC-registered company with AFSL license no. 436416. Apart from that, this broker also has permits from the New Zealand and Vanuatu regulators.
  The security of client funds is guaranteed by a segregation system to separate client trading funds from broker operational funds. Furthermore, TMGM collaborates with top Australian banks such as NAB (National Australia Bank) to store client funds. The Civil Liability Insurance program with a limit of $5,000,000 is also a specialty of this broker to provide extra protection for client funds.
  
  
  
• Competitive Trading Conditions
  Status as an ASIC-regulated Australian broker does not mean that TMGM is exclusive to traders with deep pockets. In fact, the minimum deposit at this broker is only set at $100, a relatively small amount compared to other Australian brokers who generally set deposits at $200 and above.
  Apart from that, the leverage provided is also very conducive for all traders. TMGM does not limit leverage below 1:100, so traders can freely use leverage up to 1:500 to make money in the forex market.
  
  
  
• Optimal Support for Indonesian Traders
  TMGM is very committed to reaching Indonesian traders and providing the best service. This broker really understands the need for Indonesian traders to communicate directly, so it provides several enhanced client services to accommodate Indonesian traders.
  
  
  
• Swap Free Account
  For Muslim traders who are against trading with swap interest, TMGM offers a Swap Free facility. With this feature, overnight trading positions will not be subject to negative or positive swap fees, thus preventing traders from the risk of additional fees if they have positions held the following day.
  
  
  
• Learning and Analysis Facilities:
  The TMGM Academy program is available which is specially designed for beginner traders. Apart from that, this broker has an exclusive analysis column which is updated regularly. TMGM also presents Trading Central signals and Market Sentiment tools to further support complete trader analysis. For EA users, TMGM does not miss out on offering free VPS services with special conditions.

Recommendations and Suggestions

Overall, TMGM is an official Australian broker that has friendly trading conditions for all traders. Even though the account choices are not as varied as other brokers, TMGM still provides the best with tight spreads, leverage, and affordable minimum deposits.

TMGM broker also has various types of facilities to contribute to trader education and analysis. The support for Indonesian traders is also quite promising, so it is prospective for Indonesian traders who want to try to register with this broker.