What is a Loyalty Program?

It's quite common for brokers to offer various bonuses and rewards to attract more traders. Typically, this is a primary consideration for many traders. However, that's not enough. Brokers need to keep clients around and actively trading in the long term, and that's where loyalty programs come into play.

Essentially, it's about keeping traders with the broker and engaging them in active trading. Essentially, brokers reward clients in various forms based on the points accumulated through trading. Some popular methods include cash rewards, gifts, lower spreads, bonuses, commissions, etc., all aimed at keeping traders satisfied and continuing to invest funds with the broker.

It's worth noting that a loyalty program is not forex rebates. With a loyalty program, traders earn points with every trade they make. The number of points varies according to the broker's policies. Once a certain amount is accumulated, they can redeem these points for rewards offered by the broker. However, with forex rebates, the rebate amount per trade remains constant.

How Does TMGM Rewards Fare?

At first glance, TMGM Rewards doesn't seem much different from loyalty programs offered by any other broker. Traders earn points with each trade and can redeem various rewards. But what makes it a good loyalty program compared to other brokers offering similar promotions?

What Can You Get?

Traders can get a variety of rewards from TMGM's loyalty program, such as iPads, Macbooks, AirPods, and iPhones. Additionally, TMGM offers traders the option to earn cash rebates of up to $2,500.

Exchanging points for various gifts isn't the only advantage of this program; traders can also enjoy hidden perks available only to members, allowing them to gain an edge. Typically, these proprietary features are very helpful for market analysis and trade execution. Thus, traders can have a competitive advantage in the market through these rewards.

In summary, TMGM Rewards is worth a try as it might be a good way to maximize benefits, with the following advantages:

• Regular bonuses are available as long as traders remain active, which is better than deposit bonuses that are often one-time. Therefore, clients can benefit more from their trading positions.
• It doesn't require complex operations. You can earn points from this loyalty program without taking any extra steps. You can trade as usual, and the points will accumulate automatically. This is almost the opposite of deposit bonuses, which may affect your trading decisions as they might require you to fulfill certain quotas.
• It's a sign of a broker's good reputation. Not many brokers offer such programs, mainly provided by legitimate and high-quality forex brokers to maintain client loyalty. In other words, they not only want clients to register and deposit funds but also aim to nurture traders and grow together, ensuring mutual profitability.

How to Start TMGM Rewards?

Since TMGM Rewards requires clients to trade, it's necessary to open a real account. Once you have a TMGM account and it's verified, you'll automatically be enrolled in the trading rewards program. For those who already have a TMGM account but are unaware of this program, there's no need to worry. As long as you trade actively, your trading account is already accumulating loyalty points, and all you need to know is how to redeem rewards.

How to Redeem TMGM Rewards?

Traders can trade any instrument within TMGM to collect points. The rules of TMGM's loyalty program are very flexible and don't require traders to hold large positions in any particular instrument. Regardless of how much you trade, you'll earn points. For every standard lot traded, you'll earn 10 points, and you can redeem once you reach 300 points. The steps are as follows:

1. Log in to the client portal, then click on the TMGM Rewards tab.

2. This option will take you to the Gifts category where you can browse all available gifts offered by TMGM. For a better browsing experience, you can use the filters to differentiate gifts based on the number of points required to redeem the gift.

3. Decide which gift you want and simply press the "Redeem Now" button on the window.

4. Please remember that TMGM requires delivery of this gift, so be sure to add a valid delivery address.

5. When you are finished, press the "Confirm" button to complete your gift redemption. It may take 1-5 business days for the gift to be delivered to your address.