Comparison of TMGM's Forex Trading Account Types and Platforms
Not sure which platform and account type to use with TMGM? Find out more about the broker's trading tools here.
TMGM offers advanced trading platforms like MT4, MT5, and IRESS, with unique features and benefits tailored for all types of traders, along with competitive trading conditions through two main account types: EDGE and CLASSIC, with swift access to global markets.
TMGM with Premium Platforms
TMGM takes pride in providing traders a premium range of platforms, empowering both novice and professional traders, whether they’re on the go or stationed at their desks.
The Power of MetaTrader 4 (MT4)
The industry-standard MT4 platform stands as the optimal choice for discretionary and algorithmic traders. The MT4 platform provides traders with the option to trade on mobile, tablet, desktop, and through a web app. It’s designed to cater to the different needs of traders by offering user-friendly interfaces and customizable, feature-rich environments.
TMGM’s MT4 platform comes with superior connectivity, deep liquidity, and unrivalled spreads, thanks to Equinix data centres in NY4 and TY3, along with a deep liquidity pool. Traders are also able to backtest their trading strategies to assess past performance and optimize them for the live markets.
A Sneak Peek into MetaTrader 5 (MT5)
MT5, the successor of MT4, carries forward the impressive reputation and adds a few more bells and whistles. With more trading timeframes, flexible order options, and faster strategy testing speeds, MT5 is coming soon to add another dimension to your trading experience.
Trading on the Edge with IRESS
The IRESS ViewPoint, the next-generation web-based trading platform, offers an institutional-grade trading experience. This unique platform provides traders with advanced charting capabilities, multiple portfolio management, real-time price streaming, and access to genuine exchange pricing and market depth.
You can trade Shares CFDs of over 2,400 companies on NYSE, 3,500+ on NASDAQ, 2,000+ on ASX, and 2,000+ on HKEX. The platform’s modular structure allows traders to create their own workspace and access over 50 different indicators to analyze market trends. What’s more? You get the latest news updates at breakneck speed with customizable news widgets.
The Privilege of Being a TMGM Pro Trader
If you are an experienced trader, TMGM offers you a Pro Trader account. This exclusive account offers superior trading conditions and the ability to trade with higher leverage across all the instruments, including Forex, Commodities, Metals, and Indices. Funds segregation ensures an equal amount to your account value is held in a segregated client money trust account.
IRESS Account Types & TMGM Swap Free Account
TMGM offers three different IRESS accounts to cover all trading styles. For clients who can’t earn or pay swaps due to religious beliefs, TMGM provides a Swap Free account available for Edge and Classic accounts.
TMGM aims to empower every trader by providing superior trading platforms and conditions. No matter where you are in your trading journey, TMGM has a platform that suits your needs.
Comparison of TMGM’s Trading Account Types
TMGM has consolidated all its world class trading conditions into 2 powerful account types.
| EDGE | CLASSIC | |
|---|---|---|
| Trading Platforms Available | MT4, MT5* | MT4, MT5* |
| Spreads From | 0.0 Pips | 1.0 Pips |
| Commissions (per lot) | $3.5 ($7.0 round turn) | $0.0 |
| Minimum Deposit | $100 | $100 |
| Minimum Lot Size | 0.01 Lot | 0.01 Lot |
| Maximum Leverage | 1:30 | 1:30 |
| Available Base Currencies | USD, EUR, GBP, AUD, NZD, CAD | USD, EUR, GBP, AUD, NZD, CAD |
| Funding Fee | Waived | Waived |
| Withdrawal Fee | Free | Free |
| Stop Out Level | 50% | 50% |
| Server Location | New York NY4, Tokyo TY3 | New York NY4, Tokyo TY3 |
| Available Markets | 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities | 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities |
| EAs Allowed | Allowed | Allowed |
| Scalping Allowed | Allowed | Allowed |
| News Trading Allowed | Allowed | Allowed |
| Swap-Free Islamic Account | Available | Available |
| Min. Stop Loss Distance | None | None |
Get Started! Sign up and access the Global Markets in less than 3 minutes
FAQs to summarize TMGM’s Platform and Account Features
- What platforms does TMGM provide for trading?
- TMGM provides a premium range of platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS ViewPoint.
- What are the advantages of the MetaTrader 4 (MT4) platform on TMGM?
- The MT4 platform stands as the optimal choice for discretionary and algorithmic traders. It is designed to cater to different needs of traders by offering user-friendly interfaces and customizable, feature-rich environments. TMGM’s MT4 platform comes with superior connectivity, deep liquidity, and unrivalled spreads.
- What is unique about MetaTrader 5 (MT5) on TMGM?
- MT5 is the successor of MT4 and carries forward the impressive reputation with additional features. These include more trading timeframes, flexible order options, and faster strategy testing speeds, adding another dimension to the trading experience.
- What does the IRESS platform offer?
- The IRESS ViewPoint is a next-generation web-based trading platform that offers an institutional-grade trading experience. It provides advanced charting capabilities, multiple portfolio management, real-time price streaming, and access to genuine exchange pricing and market depth.
- What are the benefits of being a TMGM Pro Trader?
- TMGM Pro Trader account offers superior trading conditions and the ability to trade with higher leverage across all instruments, including Forex, Commodities, Metals, and Indices. Funds segregation ensures an equal amount to your account value is held in a segregated client money trust account.
- What are the different types of accounts offered by TMGM?
- TMGM offers three different IRESS accounts to cover all trading styles. Additionally, it provides a Swap Free account for clients who can’t earn or pay swaps due to religious beliefs.
- What are the two main types of trading accounts in TMGM?
- TMGM has consolidated all its trading conditions into two powerful account types: EDGE and CLASSIC.
- What is the minimum deposit for TMGM’s EDGE and CLASSIC accounts?
- The minimum deposit for both EDGE and CLASSIC accounts is $100.
- Does TMGM allow scalping and news trading?
- Yes, both scalping and news trading are allowed in TMGM’s EDGE and CLASSIC accounts.
- How quickly can I start trading with TMGM?
- You can get started and access the Global Markets in less than 3 minutes by signing up with TMGM.
