TMGM Fees and Commissions Revealed

Pros

Cons

  • Inactivity fees

Introduction

With the TMGM broker you can invest online in a multitude of different financial instruments such as Forex, CFDs, metals, and energies.

This company, which has more than 8 years of experience in the sector, stands out for offering a professional and transparent service. The TMGM group has a presence in a lot of countries and has various regulations, for example, it is regulated by ASIC.

But, what is the cost of their services? Like other online brokers, TMGM applies a series of fees, which represent their fees. If you want to know what are the most significant commissions for trading in Forex, and CFDs with this online broker, whether you are a client belong to the Latin American area, we invite you to read this article:

TMGM fees may vary from one account type to another. Please read the following sections for more information.

Commissions

TMGM charges commissions on the Edge account only. The commission value is $7 per round turn.

Trading Fees

Forex

Forex Spreads

Asset

Spread

EURUSD

0

GBPUSD

0.00001

USDJPY

0

USDCHF

0.00001

USDCAD

0.00002

AUDUSD

0.00001

NZDUSD

0.00002

Indices

Indices Spreads

Asset

Spread

AUS200

4

EUSTX50

3

FRA40

3

GER30

3

NAS100

2

SGCSGD

3.2

UK100

3

US30

4

US500

2.4

HSCHKD

16.6

HK50

22

JPN225

28

Metals

MetalsSpreads

Asset

Spread

Gold

1

Silver

0.1

Platinum

33.2

Energies

EnergiesSpreads

Asset

Spread

Brent Crude Oil

0

WTI Crude Oil

0

Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the Islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow Islamic rules. Learn more about CFDs for Muslims.

Non-Trading Fees

  • Account fee: $0
  • Inactivity fee: $30 inactivity fee if your account balance falls below $500 or if it remains inactive for over 180 days
  • Deposit fees: $0
  • Withdrawal fees: $0

FAQs

  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. 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.

 



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