Scalping Deal Comparison: TMGM vs Exness
In financial services, TMGM and Exness are two of the most trusted brokers。However, which broker is better suited for scalping?
Introduction to TMGM
TMGM, or Trademax Global Markets, is a global broker that offers traders contracts for difference (CFD) in various markets such as Forex, Metals, Energy, Indices, Stocks and Cryptocurrencies.。Back in 2013, TMGM was operating in Australia, marking the country's beginning of its involvement in the project.。
At the time, the company was licensed by the Australian Securities and Investments Commission (ASIC) to provide over-the-counter derivatives and foreign exchange transactions.。Later, after years of development and continuous efforts, a reliable, stable DMA trading environment was established without human involvement.。Currently, the broker serves in more than 150 countries, with its main headquarters in Sydney, but also has many offices in other cities and countries around the world.
Founded in 2013, TMGM is owned and operated by Trademax Global Markets and is headquartered in Australia and New Zealand.。Although Australia is not the main focus of the trading industry, the online broker has a reputation in mainland Australia due to its high leverage, low fees and low spreads.。With operations in more than 150 countries and a trading volume of $195 billion, the company is one of the top 10 forex brokers in the world.。
As an Australian-based financial services provider, TMGM is also regulated by ASIC (license number 436416), New Zealand FSP (license number 569807) and the Vanuatu Financial Services Commission (40356).。
Over the years, TMGM has continued to expand its asset base, covering more assets and providing customers with a variety of trading tools.。Today, customers can trade 50 currency pairs, more than 15 global indices, more than 12,000 global stocks, 3 metals, 2 energy and cryptocurrencies.。
There are two types of trading accounts: Edge and Classic。All accounts offer the same features such as automated trading, mobile trading, EA support and fixed spreads, with a minimum deposit of $100。
TMGM offers two high-quality trading platforms for customers who have registered real accounts, namely MetaTrader 4 and MetaTrader 5。The MetaTrader 4 platform provides customers with one-click trading solutions, including in-depth market analysis customization capabilities。MetaTrader 5 is similar to MT4, but the platform has more advanced options and some basic efficiency upgrades, including additional time frames, a wider variety of 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 can deposit in 5 different currencies: Australian dollar, US dollar, Euro, British pound or New Zealand dollar。All withdrawals are processed within 24 hours and no fees will be charged, although there is a bank charge of $20-30 to use bank withdrawals outside Australia。
The company is active on YouTube, Facebook, Twitter, Instagram and LinkedIn, regularly posting news, tutorials and job opportunities such as internships.。Brand Ambassador Gianluigi Buffon regularly hosts webinars, registration is free。
TMGM also offers a training feature called TMGM Academy。The Academy is divided into three stages of educational programs that guide novice traders to learn trading basics and more advanced strategies such as moving averages and Fibonacci extensions.。
The broker is known to often hold trading competitions, usually for three months.。The leaderboard is updated daily and the highest ranked trader at the end of the three months will be rewarded from a bonus pool of up to $148,500.。You can find the full rules, terms and conditions on the website。
The easiest way to contact TMGM is via email and live chat support, but 24 / 5 support can only be found on the website's contact page。In addition, to enhance the customer experience, the company offers website languages in Chinese, English, French, Indonesian, Italian, Portuguese, Spanish, Thai and Vietnamese。
In conclusion, TMGM may be the right broker for you, offering not only forex and CFDs trading for retail and professional traders, but also cryptocurrency trading。The customer portal offers a range of global opportunities for traders from around the world through its user-friendly interface。
TMGM's Scalping Deal
For scalping traders, TMGM offers traders raw spreads through Edge accounts。The Edge account is also an ECN account with the narrowest spread in the industry。The spread starts at 0 and fluctuates according to market conditions, with a commission of $7 per lot.。
The account is also ideal for novice scalpers。Overall, their transaction costs are the lowest among the top brokers。Alternatively, Muslim scalpers can use a swap-free version of the trading account。Scalpers can also enjoy fast execution speed if trading with TMGM Edge account。
Advantages of TMGM Scalping Deal
The biggest benefit of scalping at TMGM is that their ECN scalping account only requires a minimum deposit of $100, which is relatively below the industry average for such accounts.。The account also offers a swap-free version for Muslim traders。
Disadvantages of TMGM Scalping Deal
The biggest disadvantage of the TMGM broker ECN trading account is the $7 commission per standard lot, which is relatively expensive for novice scalpers who do not open a large number of positions per day.。Not always close to 0 due to point spread float。
Introduction to Exness
Exness offers foreign exchange services from three offices in the British Virgin Islands, Seychelles and South Africa。Since the company has a segment structure, it can provide investment and financial services to foreign customers。While global brands are engaged in retail business, it also provides enterprise solutions or partnerships。
Exness has expanded its global reach by setting up a company in the UK called Exness UK Ltd。The company's operations are fully regulated and focused on B2B proposals.。Exness has been repeatedly rated as an excellent retail broker for the consistency and reliability of the brokerage services it provides。
Exness brokers offer a friendly trading environment that may appeal to most traders due to their low spreads and no hidden commissions。Trading program Using MT4, traders can trade futures and CFDs in various markets。
The choice of broker will change according to the needs of each trader. If you only need the basic platform and the best trading functions, then Exness is the best choice。
Exness with its 0 only.Advantages such as the low point difference from 1 o'clock make up for its lack of functions, which is very suitable for scalping traders。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。
Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection, but withdrawals may be limited depending on the payment method。
Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves the high stability of the company。
Exness supports deposits and withdrawals 24 hours a day, 7 days a week, but the company is not responsible for deposit and withdrawal problems due to payment system reasons.。
Exness does not charge traders any transaction fees, and certain payment methods may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。
Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。In addition, it is one of the most transparent brokers in the online trading industry, and traders can find all the company's information on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。
Exness offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms, and traders can access them anytime, anywhere。
Over the years, Exness has developed into a broker that attracts traders, complying with financial regulations such as FCA and CySEC, further strengthening traders "trust.。
Trading volume, one of the measures of client confidence, reached $348.4 billion in monthly trading volume for its clients as of December 2018, with more than 50,342 active traders worldwide.。
Traders also have the opportunity to earn extra income by becoming a partner through multiple programs offered by Exness。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who signs up.。
In addition, you can get additional income from Exness Partners, and traders who register through the member link can get up to 25% spread commission per trade.。
Customers can also use their free VPS hosting service when dealing with Exness。VPS (Virtual Private Server) provides traders with higher reliability and stability, and can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。
In summary, Exness is a trader's favorite broker for its low spreads and flexible account types, ideal for traders with limited funds but need more opportunities to maximize profits, and is also known for its maximum support for new and old partners.
Exness's Scalping Deal
Exness is also ideal for scalping brokers, which provide traders with raw spreads through professional accounts。This is an ECN account with the narrowest spread in the industry, with spreads starting at 0 and varying based on a variety of factors such as instruments and market conditions。
However, the minimum deposit may be more suitable for professional scalpers because they pay commissions that are not a problem。Scalping traders need the narrowest spreads, as they make multiple short term trades in a day, which usually last only a few seconds, so an ECN trading account is best for them。
Advantages of Exness Scalping Deal
The biggest benefit of scalping through an Exness broker is that it only charges 3 per lot per side..$5 commission, also the industry standard。They also offer 24 / 7 customer support in multiple languages in case users have any questions or concerns while using Exness。
Disadvantages of Exness Scalping Deal
The biggest downside of scalping through Exness is that its professional ECN account requires a minimum deposit of $200。This is relatively above the industry average and very expensive for novice scalpers。
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