How to open an account with TMGM? What are the requirements and rules?

TradeMax Global Markets (TMGM) offers traders with an edge in the competitive world of trading, by providing superior account choices and advanced trading platforms. Whether you’re a beginner or a seasoned trader, TMGM’s wide range of features and services are sure to meet your specific trading needs and elevate your trading experience.

Trade Forex with TMGM

Variety of Accounts Offered by TMGM

TMGM caters to different trading preferences by offering two main types of accounts on the MT4 platform: Classic and Edge accounts. For those interested in trading CFD shares, TMGM also offers accounts on IRESS.

The Classic Account: The Classic account offers spreads starting from 1 pip and doesn’t charge any commission when opening a trade, making it an ideal choice for traditional traders.
The Edge Account: For traders seeking tighter spreads, TMGM’s Edge account offers access to raw spreads from 0.0 pips. However, this is accompanied by a commission charge of $7.00 per standard lot round turn.

Furthermore, TMGM also offers Islamic Accounts that are compliant with Sharia Law. These swap-free options are currently only available on TMGM’s Edge and Classic Accounts in USD/EUR/GBP.

For traders with a joint bank account, TMGM provides Joint accounts. However, please note that TMGM does not offer fixed spread accounts; all the accounts operate on a variable/floating spread.

Explore TMGM’s Trading Account Types

Available Trading Platforms

TMGM offers accounts on MT4, Iress, and HUBx platforms. Furthermore, TMGM will be introducing MT5 accounts soon.

MT4 Trading Account: Once you’ve registered and verified your TMGM profile, you can create a live MT4 trading account via your Portal. You can easily download the MT4 desktop platform or mobile app by logging into your TMGM Portal and clicking on the Downloads tab.
HUBx and Iress Trading Accounts: For HUBx and Iress accounts, these are created manually by he back office department. You can request to open one of these account types by sending an email from your registered email address to support@tmgm.com.au or by visiting the Live Chat via the TMGM website.

TMGM understands the importance of trading automation. Although TMGM does not offer its own Expert Advisors, they are pleased to allow the use of third-party Expert Advisors on the trading accounts.

Explore TMGM’s Platforms

Opening a TMGM Account

Opening a live trading account with TMGM is quick and simple. However, if you’re new to trading, we recommend starting with a demo account. This allows you to familiarize yourself with TMGM’s platforms and trading conditions before moving onto a live trading account. You can open an account in AUD or USD, and TMGM ensures that the trading conditions on demo accounts are as similar to live accounts as possible.

To open a live account, you will need to provide a valid ID and proof of residence document. Australian residents can simply provide their Australian passport ID number for electronic verification.

Depositing and Withdrawing Funds

TMGM requires a minimum deposit of $100 or AUD equivalent. However, we recommend a starting balance of $500 for a more flexible trading experience. TMGM offers a range of funding methods that vary depending on the country you are funding from.

Withdrawing funds is straightforward. Simply use the same method you used to deposit funds. Withdrawal requests are processed within one working day, but the time it takes for funds to reach your bank account may vary. Note that TMGM does not charge any fees or commission on deposits or withdrawals. However, fees may apply from banks involved in the case of bank transfers.

Open an account with TMGM

Trading with TMGM

TMGM provides a comprehensive trading experience with Forex, Indices, Shares, Metals, Energies, and Cryptocurrencies. The smallest trade size for forex is 0.01 standard lots, while the largest is 80 lots. Leverage of up to 1:30 for forex pairs is available, but it may vary depending on the specific instrument.

TMGM is regulated by ASIC (Australian Securities and Investment Commission – AFSL: 436416). TMGM prioritizes the safety and privacy of the customers, and all client money is managed in accordance with client money laws and kept separate from company funds. Furthermore, TMGM offers negative balance protection, so if your account goes into a negative balance, the support team is always ready to assist you.

Experience a seamless trading journey with TMGM. Visit the website and get started today!