TMGM Review 2022

TMGM is a competitive Australian forex and CFD broker with a wide range of instruments, features and tools provided at low-cost

TMGM is broker that provides access to CFD, Forex, Cryptocurrency and Stocks. Traders that like the MetaTrader platforms can choose between both the MetaTrader4 and MetaTrader5 platforms at TMGM.

In terms of features offered to traders, TMGM has Demo Accounts, Islamic Accounts and Auto Trading but is missing Social Trading and Signals.

Cryptocurrency traders have a very decent number of coins to trade at TMGM, 7 in fact: BTC, ETH, LTC, XRP, UNI, LINK and BCH.

Careful traders will be reassured knowing that TMGM is licensed to offer trading services by several regulators, 3 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.

TMGM Summary

TMGM is a competitive Australian forex and CFD broker with a wide range of instruments, features and tools provided at low-cost

Ratings

50%
Trust
66%
Instruments
71%
Features
BonusNone
InstrumentsCFD, Forex, Crypto, Stocks
Demo Account
Min. Deposit$100
Min. Trade0.01 lots
Regulated ByASIC, FMA, VFSC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

TMGM offers a massive range of CFD instruments, encompassing more than 12,000 global equities, indices, currency pairs and commodities

Leverage1:500
FTSE Spread2
GBPUSD Spread0
Oil Spread0
Stocks SpreadVariable

Forex Trading

TMGM supports forex trading on all three of its platforms with competitive spreads, no commissions and VPS hosting services

GBPUSD Spread0
EURUSD Spread0
EURGBP Spread0.2
Assets60

Cryptocurrency Trading

TMGM supports crypto CFD trading for clients from countries where this is legal, pegging each token against the USD

SpreadVariable
CoinsBTC, ETH, LTC, XRP, UNI, LINK, BCH

Payment Methods

TMGM accepts the following payment methods:

  • Sticpay
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • UnionPay
  • POLi
  • Neteller
  • Skrill
  • Wire Transfer
  • FasaPay
Risk Warning – Your capital is at risk

FAQ

Is TMGM Safe?

Yes, most likely, as we gave TMGM a trust score of 50% in our review. The main negative factor in this score is that TMGM is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.

Does TMGM Accept PayPal?

No, TMGM does not accept PayPal payments.

Is TMGM Halal?

Yes, TMGM does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does TMGM support?

With TMGM you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.

Is TMGM Regulated?

Yes, TMGM is regulated by 3 different regulators: ASIC, FMA and VFSC.

The fact that TMGM is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.

TMGM vs Other Brokers

If you want to compare TMGM with other brokers, use the detailed comparisons below.

TMGM vs
TMGM is a competitive Australian forex and CFD broker with a wide range of instruments, features and tools provided at low-cost