TMGM Deposit and Withdrawal In Detail | No Fees

Pros

Cons

  • Various base currencies
  • Various deposit and withdrawal options
  • Free deposits and withdrawals
  • No withdrawal using Credit/ Debit Cards

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.

Account Currencies

The TMGM account has 6 base currencies:

  • EUR
  • USD
  • GBP
  • NZD
  • AUD
  • CAD

Notes:

  • You will not be charged with conversion fees if your account has the same currency as your bank account or when you trade assets with the same currency of your account.
  • If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

TMGM supports depositing using different methods such that:

  • Visa
  • Master Card
  • Revolut
  • Wise
  • Bank Transfer
  • Neteller
  • Skrill
  • UnionPay
  • RMB Instant
  • FasaPay
  • SticPay
  • Broker to Broker
  • SEA Instant Pay

TMGM deposit methods

 

TMGM

Credit cards

Yes

Bank Transfers

Yes

Electronic wallet

Yes

Fees and Time

TMGM charges no fees for deposits above $100. The processing time is within 1 business day except for the bank transfers that take 1 to 3 business days to proceed.

TMGM Deposit Fees and Time

Method

Fees

Time

Minimum Deposit Amount

Accepted Currencies

Visa

$0

Instant

100

USD, EUR, GBP, AUD, NZD, CAD

Master Card

$0

Instant

100

USD, EUR, GBP, AUD, NZD, CAD

Revolut

$0

1 Business Day

100

USD, EUR, GBP, AUD, NZD, CAD

Wise

$0

1 Business Day

100

USD, EUR, GBP, AUD, NZD, CAD

Bank Transfer

$0

1-3 Business Day

100

USD, EUR, GBP, AUD, NZD, CAD

Neteller

$0

Instant

100

USD, EUR, GBP, AUD, CAD

Skrill

$0

Instant

100

USD

UnionPay

$0

Instant

100

CNY

RMB Instant

$0

Instant

100

CNY

FasaPay

$0

Instant

100

USD

SticPay

$0

Instant

100

USD

Broker to Broker

$0

3 Business Days

100

USD, EUR, GBP, AUD, NZD, CAD

SEA Instant Pay

$0

Instant

100

MYR, THB, IDR, VND

Withdrawal

TMGM withdrawal options are:

  • Revolut
  • Wise
  • Bank Transfer
  • Neteller
  • Skrill
  • RMB Instant
  • SEA Instant Pay

TMGM withdrawal methods

 

TMGM

Bank Transfers

Yes

Credit cards

No

Electronic wallet

Yes

Fee

$0

Fees and Time

TMGM charges no withdrawal fees on withdrawals above $100. Note that your bank may charge you additional transfer fees. So, contact your bank for more information.

All withdrawals proceed within 1 business day for all methods except for the bank transfer that may take from 3 – 5 business days.

 

TMGM Withdrawal Fees and Time

Method

Fees

Time

Minimum Withrawal Amount

Accepted Currencies

Revolut

$0

1 Business Day

100

USD, EUR, GBP, AUD, NZD, CAD

Wise

$0

2 Business Day

100

USD, EUR, GBP, AUD, CAD

Bank Transfer

$0

3 Business Day

100

USD, EUR, GBP, AUD, CAD

Neteller

$0

4 Business Day

100

USD, EUR, GBP, AUD, CAD

Skrill

$0

5 Business Day

100

USD

RMB Instant

$0

6 Business Day

100

CNY

SEA Instant Pay

$0

7 Business Day

100

MYR, THB, IDR, VND

Note:

For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.

FAQs

  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. 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. 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. Does TMGM accept payments from third parties?
  • Payments should be from an account that holds the same name as yours.

 



Leave a Reply