TMGM Account Opening | How to Open TMGM Account

Pros

Cons

  • Fast and fully digital opening process
  • Low minimum deposit
  • Available in over 150 countries
  • Islamic account option
  • Demo account
  • None

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.

Countries Available

TMGM is available in over 150 countries around the world including Australia, Germany, Italy, and more. There’s one restricted country which is the US because of governmental rules.

Account Types

There are two main account types at TMGM:

  • Classic (No Commission)
  • Edge (Commission-based)

Each one of the two has its features and advantages as the table shows below.

 

TMGM – Account Comparison

Feature

Classic Account

Edge Account

Spreads

From 1.0 pips

From 0.0 pips

Commissions

No Commissions

$7 per round turn

Demo Account

Yes

Yes

Base Currencies

USD, EUR, GBP, AUD, NZD, CAD

USD, EUR, GBP, AUD, NZD, CAD

Minimum Deposit

$100

$100

Deposit Fee

Free

Free

Withdrawal Fee

Free

Free

Execution Type

ECN

ECN

Expert Advisors (EAs)

Yes

Yes

Available Platforms

MT4 and MT5

MT4 and MT5

Islamic Account

No

Yes

Hedging

Yes

Yes

Scalping

Yes

Yes

Note:

  • In addition to the previous types, there’s an Islamic account option for those who live in a Muslim country.

TMGM also provides a demo account with 0 fees if you want to experience the trading platform with no risk.

There’s an option to join the TMGM affiliate partner program if you want as well.

Min Deposit

The minimum deposit of any account type is 100 of the account base currency.

How to Open Account

You can open a TMGM account in minutes through these steps:

  1. Enter your name, email, phone number, and country of residence.
  2. Enter some personal information like your city then set a password.
  3. Choose the account type and base currency.
  4. Provide proof of your identity and the country of residence.
  5. Fund your account and start trading.

TMGM Account Opening | How to Open TMGM Account

TMGM – Account opening

Notes:

  • The verification process takes 1 business day to proceed.
  • Due also to the requirements of the regulatory bodies that supervise TMGM, it is necessary that in order to operate with your account you send them proof that proves your identity and another proof that proves your current address.
  • Identity document: You must send a copy of your ID, passport, or driving license. It has to be an official document that clearly shows your identity and that it is valid (the document you send cannot be expired). You can scan any of these documents and send it in PDF, JPG, GIF, or take a photo with your mobile if it is more comfortable for you. In any case, the image must have good quality and be completely readable, otherwise, it may give you problems verifying it.
  • Proof of address: This is to send a document that shows your current address. You will have to send a recent utility bill (not exceeding 3 months) for electricity, water, gas, landline, or Internet (many brokers do not accept, for example, mobile phone bills). You can scan and send it in PDF, JPG, GIF, or take a photo with your mobile. Like the previous document, all the data must be legible and have sufficient quality.

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. 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. 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.

 



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