TMGM Platforms | How TMGM Platforms Work

Introduction

Trademax Global Markets or TMGM is an Australian Forex and CFD broker that’s founded in 2013. It has over 15,000 trading instruments and over 150 billion dollars as a trading volume. TMGM is also regulated by tier 1 authority, ASIC. TMGM is also available in over 150 countries around the world and offers competitive spreads and a variety of methods for depositing and withdrawal. TMGM is one of the best choices if you’re familiar with the MetaTrader platforms like the MetaTrader 4.

TMGM works on the MetaTrader 4 platform which is a famous platform and is known by a lot of traders. In this section, we will dig deeper into this platform in detail.

MT4 Trading Platform

Pros

Cons

  • Available on Windows / Mac / Web / Android / IOS
  • Order confirmation
  • Customizable charts
  • Available in a number of languages
  • Easy to use
  • Ability to social trade
  • Good searching functions
  • Notifications and price alerts on Desktop and Mobile versions
  • Lacks two-step verification
  • Old desktop design
  • No price alerts in web version

Languages

MetaTrader 4 is available in a number of languages like:

MT4 Languages

Arabic

Bulgarian

Chinese

Croatian

Czech

Danish

Dutch

English

Estonian

Finnish

French

German

Greek

Hebrew

Hindi

Hungarian

Indonesian

Italian

Japanese

Korean

Latvian

Lithuanian

Malay

Mongolian

Persian

Polish

Portuguese

Romanian

Russian

Serbian

Slovak

Slovenian

Spanish

Swedish

Tajik

Thai

Traditional Chinese

Turkish

Ukrainian

Uzbek

Vietnamese

 

User interface (UI)

MT4 has a very customizable UI that you can adjust according to your needs and preferences. On the other hand, it seems hard to find some of the features inside.

TMGM Platforms | How TMGM Platforms Work

MT4 – Mobile Version – UI

Login and Security

Unfortunately, the MT4 does not provide a two-step verification method for logging in, and it does only support a one-step login.

Searching

Searching using the MT4 platform has two different options:

  • You can search by category and find assets.
  • You can also type the name of the asset and search for it manually.

TMGM Platforms | How TMGM Platforms Work

MT4 – Mobile Platform – Search

Placing orders

MT4 has simple order types which are:

  1. Market
  2. Limit
  3. Stop
  4. Trailing stop

In addition to those 4 types, there are other orders which are the time limit ‘Good ‘til time’ (GTT) and ‘Good ’til canceled (GTC).

There’s also an order confirmation feature in MT4.

Notifications and alerts

Unfortunately, the MT4 web trading platform does not have an option to set price alerts and notifications unlike the desktop and mobile versions.

TMGM Platforms | How TMGM Platforms Work

MT4 – Mobile Version – Notifications Settings

Portfolio and reports

Under the ‘History’ tab, you can find your portfolio reports with a clear fee description.

TMGM Platforms | How TMGM Platforms Work

MT4 – Mobile Version – Portfolio

FAQs

  1. How long does it take to verify my account?
  • It takes about 1 to 2 business days to verify your TMGM account.
  1. Can I open more than one trading account?
  • Yes, you can do such a thing from the client portal. The maximum number of accounts you can have is 5.
  1. Does TMGM allow bot trading?
  • Yes, through Expert Advisors (EAs).
  1. Does TMGM give a bonus?
  • Yes, it does. You can contact the customer support team after you open a new account if you’re a new client to get your No Deposit Bonus.
  1. Does TMGM allow scalping and hedging?
  • Yes, it does allow both scalping and hedging.
  1. Where is my money held?
  • Your funds are held securely in the Tier 1 bank, National Australia Bank. your money is kept in segregated accounts separate from the company’s own funds.
  1. Does TMGM offer a swap-free account option?
  • Yes, it does provide it through the edge account type only.
  1. How do I log in using the MT4 mobile platform?
  • Steps:

1. Go to ‘Settings’

2. Click on ‘Manage Accounts’ or ‘Settings’

3. Then click on the small plus sign or select ‘New Account’

4. Then select ‘Log in to an existing account

5. Search for the broker name

6. Select the server your account was set up on

7. Enter your login credentials and password

8. Click on ‘Sign In’

  1. When trading forex, will you lose more than your initial deposit?
  • The MetaTrader 4 platform is set to automatically close your positions when your margin requirement reaches 100% (stop out level).
  • Please note that this process is automated and does not guarantee that your account will not enter into a negative equity situation. You should keep a balanced amount in your account above your required margin.
  1. Can I log in to more than one account from the same computer?
  • Yes, you can do such a thing by using the MT4 Multi Terminal.
  1. Can I log in to the same account through different devices?
  • Yes, you can log in to the MetaTrader 4 platform using the same password and username through different devices.
  1. Does TMGM accept payments from third parties?
  • Payments should be from an account that holds the same name as yours.

 



Leave a Reply