TMGM has two account types, classic and low spread accounts, which is the best condition？

As we all know, brokers tend to offer several different account types, which usually have various specifications to meet the needs of more traders。Some brokers may offer up to 10 different account types。While having a choice is a good thing, it can be confusing for first-time traders。In fact, the broker's account types can be simplified into two categories: standard accounts and low spread accounts.。

A good example is the TMGM broker, which has only two real account types to make it easier for traders to choose from, they are Classic (standard account) and Edge (low spread account)。

Before diving into TMGM account types, let's get to know the broker better。Overall, TMGM is a well-known CFD brokerage with cutting-edge technology。In addition, the broker offers a wide range of markets including Forex, Indices, Stocks, Precious Metals, Energy and Cryptocurrencies。

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The company was founded in 2013, owned and operated by Trademax Global Markets and headquartered in Australia and New Zealand。Although Australia is not the main focus of the trading industry, the online e-commerce business has a reputation among users on the continent, thus providing high leverage and low fees. The company currently operates in more than 150 countries and has a transaction volume of $195 billion.。

As an Australian-based financial services giant, TMGM is regulated by ASIC with license number 436416, FSP (New Zealand) license number 569807 and Vanuatu Financial Services Commission license number 40356.。

Over the years, TMGM has expanded its assets to cover more, offering clients a wide range of trading tools.。Today, customers can trade 50 currencies, 15 global indices, more than 12,000 global stocks, 3 metals, 2 energy and cryptocurrencies.。

There are two types of trading accounts: marginal accounts and classic accounts。All accounts offer the same features, such as automated trading, mobile trading, EA support, and a fixed spread with a minimum deposit of $100。

TMGM offers two high-quality trading platforms for customers who register real accounts, namely MetaTrader 4 and MetaTrader 5。MetaTrader 4 provides customers with one-click trading solutions, including in-depth analysis of the market。MetaTrader 5 is similar to MT4, but with more advanced options and basic efficiency upgrades, including additional time frames, multiple tools and depth of market (DOM) pricing。

Payment methods accepted by TMGM include wire transfer, Skrill, Neteller, Fasapay, Alipay, UnionPay, Tether (USDT) and credit / debit cards。Customers choose 5 different currencies to deposit, such as London, US Dollar, Euro, Pound Sterling or New Zealand Dollar Although there is a bank charge of US $20-30 if you use a bank withdrawal outside Australia, theAll withdrawals will be processed within 24 hours and there is no charge。

The company regularly posts news, tutorials and internships on YouTube, Facebook, Twitter, Instagram and LinkedIn, and brand ambassador Gianluigi Buffon regularly hosts free online webinars.。

TMGM also offers a training function called TMGM Academy。The training course has three stages, from trading basics to advanced strategy coaching novices such as moving averages and Fibonacci extensions。

The dealer leaderboard will host a three-month trading competitionUpdated daily, the highest ranked trader at the end will receive a reward of up to $148,500.。For complete rules and terms and conditions please refer to the website information。

You can contact TMGM customer service via email and live chat, 24-hour service during weekdays。In addition, in order to enhance the accessibility experience for customers, TMGM provides website translation in Chinese, English, French, Indonesian, Italian, Portuguese, Spanish, Thai and Vietnamese。

Overall, TMGM's choice may be your best bet, as it offers not only forex and CFD trading for retail and professional traders, but also cryptocurrency trading, reaping the rewards of traders from around the world.。

1.TMGM Classic Account

The first TMGM account type is called Classic Account and is the standard account for TMGM。To trade with this account, you need to prepare a deposit of at least $100, TMGM does not charge any additional fees for deposit transactions。

The account has two trading platforms: MT4 and MT5。At the same time, the point difference from 1.From 0 o'clock, no commission。In addition, traders can enjoy high leverage of up to 1: 500。

TMGM Classic accounts use ECN execution to provide traders with direct market access。Muslim traders need not worry as the TMGM Classic account also offers a swap-free option。In addition, traders can use hedging, scalping and expert advisors (EA) for automated trading, making traders' trading strategies more flexible。In general, the account is suitable for all types of traders, including novices。

2.TMGM Low Spread Account

The second TMGM account is called Edge, a low spread account that is ideal for traders looking for the best pricing to maximize their strategy.。

The account has a minimum deposit of only $100, similar to the TMGM classic account, with the main difference being that the spread is from 0.Start at 01: 00。However, low spread accounts are always subject to commissions。In this case, the TMGM low spread account charges a commission of $7 per round。But the good thing is that traders can enjoy up to 1: 500 leverage when trading on this account。

Like classic accounts, low spread accounts use ECN。EA trading, hedging and scalping are allowed and Islamic account functionality is also supported for Muslim traders。

Consider these when choosing an account

First-time traders may find it difficult to choose the best trading account。To simplify it, traders can use these two factors to choose the right trading account for them:

Strategy

Strategy is a very important issue when choosing the right account。There are many strategies that require special conditions for trading accounts, for example, if you use a scalping strategy, you should look for low spreads, low commissions and other terms in favor of scalping in the broker. These factors will directly affect the trader's results; on the other hand, if the strategy requires high leverage, it is best to find an account with higher maximum leverage。

transaction cost

It is important for traders to ensure that transaction costs are in line with their capabilities, with minimum deposits, deposit fees, spreads, commissions and swap rates to be aware of, and the key is to ensure that traders are able to pay transaction costs。Professional traders may be able to pay high transaction costs; on the other hand, new traders may prefer something affordable。

Conclusion

The TMGM Classic account offers many flexible options. The account has no lowest spreads but no commissions, making the account ideal for new traders or any other traders who like to open large positions; on the other hand, the TMGM low spread account focuses on providing low spreads. This account is very suitable for short-term traders or scalpers who like to open small but frequent positions。For a full comparison, please see the following table:

Account	Classic Account	Low spread account
Platform	MT4, MT5	MT4, MT5
Minimum deposit	$100	$100
Spread	1.0 point	0.01 points
Deposits	❌	$7 (rolled flat)
Leverage	1:500	1:500
Hedging	✔️	✔️
Scalping	✔️	✔️
Islamic accounts	✔️	✔️

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TMGM is a CFD trading provider that aspires to be an industry leader and innovator。With multiple headquarters in Australia, the broker aims to connect clients with the widest range of markets through industry-leading platforms as well as its own proprietary cutting-edge platform.。