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TMGM

Rating: 4 / 5
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TMGM features three trading platforms, competitive commission-based trading fees, 60+ currency pairs for Forex traders, and excellent asset selection for equity traders. It also maintains a cutting-edge infrastructure powered by oneZero Financial Technology and 10+ liquidity providers. I reviewed this broker to evaluate if its trading conditions result in a competitive trading environment. Should you consider TMGM for your trading needs?

TMGM Website Screenshot

Broker Details

Headquarters
Australia
Established
2013
Min Deposit
$100
Execution
ECN/STP
Regulators
ASIC, FMA, FSC Mauritius, VFSC

Trading Conditions

Retail Loss Rate
Undisclosed
Min Raw Spreads
0.0 pips
Min Standard Spreads
1.0 pips
Min Forex Commission
$7.00 per lot
Trading Hours
CryptocurrenciesMonday 00:02 - Sunday 23:55
ForexMonday 00:00 - Friday 23:55
CommoditiesMonday 01:00 - Friday 23:55
European EquitiesNot applicable - Not applicable
US EquitiesMonday 16:30 - Friday 23:00

Accounts & Funding

Funding Methods
11
Deposit Fees
No
Withdrawal Fee
No

Platform & Features

Trading Platforms
MetaTrader 4, MetaTrader 5, Web-based
Regulators Detailed
Australian Securities and Investment Commission
Country: Australia
License: 436416
Financial Markets Authority
Country: New Zealand
License: 569807
Vanuatu Financial Services Commission
Country: Vanuatu
License: 40356

Pros

  • Choice of payment processors and six account base currencies
  • Quality trading tools for manual traders and VPS hosting for 24/5 algo traders
  • Excellent asset selection of 12,000+ trading instruments
  • Competitive commission-based trading fees, including low swap rates

Cons

  • $100 minimum withdrawal requirement

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