TMGM Review 2023

Please note: This is a review of a Classic account opened with Trademax Australia Limited, operating under TMGM. We evaluated the broker’s terms and conditions, services, and the performance of its platform – the desktop and mobile app versions of MetaTrader 4 (MT4).To get more news about tmgm review, you can visit wikifx.com official website.

The Big Picture
TMGM is a sophisticated broker with a wide range of tools and services catering to the needs of even the pickiest traders. The Sydney-based company is one of the leaders in OTC derivatives trading in Australia, with its massive brand recognition and high level of trust accumulated since its foundation in 2013.

The multi-regulated broker has developed several different account types tailored specifically for traders with varying means and goals on the market. TMGM also offers a reasonable, though not great, amount of tradable instruments at very low costs. And with its extensive pool of liquidity providers, we found TMGM’s order execution to be fast and precise.

TMGM has incorporated the renowned MetaTrader 4, soon to include its successor as well. Professional traders can also opt for the far superior and much more flexible IRESS platform. The one minor drawback of TMGM is that its educational content lacks breadth.
What Sets TMGM Apart from Other Brokers?
There are many benefits to TMGM’s service, like its very low trading fees, high trust level, and excellent customer support, but one thing in particular stuck out to us – its deep pool of liquidity providers. With its access to 7 different providers, TMGM ensures high-quality order execution at the most favorable quotes. Additionally, the broker has its own best execution policy.

But why is any of this relevant? Sydney is one of the two major financial hubs active during the Asian trading session – a time during the day when trading activity increases but still usually falls below the European and American sessions. The Asian session is thus usually underpinned by low overall liquidity, which increases the risk of slippage. But with its deep pool of liquidity providers and sophisticated price aggregation method, TMGM negates this risk to an extent.
Who is TMGM For?
With its varied features, TMGM is equally suited to serve all types of traders. Here is a brief summary of how each kind can benefit from the broker’s services:

Scalpers and intraday traders. With its commission-free trading, low floating spreads, fast order execution, and no minimum distance requirements for stop-loss orders, TMGM’s conditions are very suitable for such high-frequency traders.
Day and position traders. Longer-term traders can take advantage of TMGM’s generally low commissions on its ECN (Edge) account type in combination with its raw spreads starting from 0.0 pips. In addition to the above advantages, the broker also incorporates third-party tools from other industry leaders like Trading Central. All of this helps high-volume traders gauge the underlying market sentiment and trade on established price trends.
High-volume stock traders. Seasoned professionals seeking the best possible conditions to conduct sophisticated analyses of the stock market can sign up for either of TMGM’s IRESS accounts.