Comparison of TMGM’s trading account types and platforms

TMGM

One of the most used brokers in the world for online trading, TMGM is truly a giant in the sector that offers traders transparent, safe, and efficient trading. Strictly regulated by numerous supervisory bodies to guarantee its services worldwide, TMGM provides its clients with a well-structured trading environment suitable for any trading style that includes a very wide range of products to invest in (including forex, indices, stocks, ETFs, commodities, and cryptocurrencies), cutting-edge tools, and very high standards of security.

Being an ECN broker, TMGM uses electronic communication networks to allow traders direct access to the markets and offers minimized spreads, aggregating the most competitive prices from various market operators.

The broker’s main goal is to offer clients a top-level service with the best market breadth and very high liquidity. Through the use of the OneZero price determination engine that optimizes multi-level bid/ask aggregation, the TMGM router executes client orders at the best available price in a pool of very high liquidity. Moreover, being a broker that bases its operation on complete trust and reliability, TMGM allows traders to know any parameter, commission, or regulation, simply by accessing their client area or contacting the always available support team.

24/7 Customer Service

A team of industry-leading experts can support the client for any need and at any time regardless of the market and trading hours.

Top-level banks.

Client funds are held at Tier 1 banks, in accounts separate from those of the company, which cannot use them for secondary purposes in any case.

Market insurance

To protect its clients in case of errors, omissions, negligence, fraud, and other potential risks that could cause significant losses, the broker offers a civil liability insurance program for up to $10,000,000.

Wide range of markets.

The trader can trade CFDs (contracts for difference) on over 50 forex pairs, more than 15 indices, 1200 among stocks and ETFs, 5 commodities, and 12 cryptocurrencies.

Cutting-edge platforms.

TMGM offers traders the opportunity to interact in the markets through the use of cutting-edge software: MT4, MT5, and iRESS. available on both fixed and mobile devices.

Accounts suitable for everyone

The list of available accounts has been created to meet the needs of any category of trader. Each account has carefully selected features and each trader can opt for the solution that best suits their style.

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Crypto trading with TMGM

The cryptocurrency market is an environment with infinite investment possibilities. Given its extremely attractive characteristics, over 65% of traders worldwide invest in this market. Extremely volatile, highly liquid, and decentralized are factors considered very appealing by traders that allow obtaining excellent results through the realization of accurate strategies.

• High volatility: the price of crypto varies rapidly. By carefully studying the instrument to invest in and performing accurate analysis, the trader can develop effective strategies that will allow taking advantage of value fluctuations.
• Very high liquidity: At any time, the customer can convert their digital currency into money, quickly and safely.
• Decentralized: the crypto market allows traders to manage their resources autonomously. It is not subject to any control by entities and governments. Moreover, it does not undergo price variations due to sudden movements of other markets, economic situations of countries, and inflation. The price of crypto varies only based on demand and supply changes.

TMGM offers traders the opportunity to invest in 12 of the best cryptos on the market, through CFDs (contracts for difference) that allow the client to bet on price fluctuations without having to purchase the selected product. Unlike other brokers offering crypto trading, TMGM is strictly regulated and ensures maximum security and support, in addition to extremely advantageous trading conditions such as minimal spreads, zero requotes, and leverage up to 1:20.

Obviously, the broker guarantees maximum transparency, allowing the client to know in detail all the characteristics of the instrument to trade. The trader will only need to access the crypto section and consult the tables containing all the information described in detail for each available instrument.

No mandatory digital wallet.

The client can trade CFDs on cryptocurrencies simply using their verified account.

Reliability and security.

Compared to other platforms for trading on crypto, TMGM allows traders to trade on crypto markets even though it is strictly regulated and protected by ASIC and VFSC regulations.

Automated Trading.

Through cutting-edge software available on the MT4 platform, the client can trade on cryptocurrencies using trading robots in a fully automated process. Free EAs can be used, new ones can be created based on their needs, and they can be purchased in the dedicated store.

Cryptocurrency list.

12 of the most popular and traded instruments in the world. The list of available cryptos includes: BitcoinUSD, BCHUSD, ETHUSD, LTCUSD, XRPUSD, BNBUSD, DOTUSD, EOSUSD, LNKUSD, XLM USD, UNIUSD, XTZUSD, DOGEUSD, ADAUSD, MATUSD, SOLUSD, AVXUSD, CMPUSD, GLMUSD, KSMUSD.

Continuous trading.

The crypto market never closes, the customer can trade 24 hours a day, 7 days a week.

Cutting-edge platform.

TMGM allows clients to trade on crypto using one of the most popular and efficient platforms in the world: MT4

High leverage.

The maximum leverage available for trading on cryptocurrencies with the broker is 1:20. A feature that will allow clients to invest larger volumes compared to the actual capital invested.

Ultra-low spreads.

TMGM offers optimal trading conditions to invest in crypto with some of the most competitive spreads on the market.

Zero requotes.

Advanced price determination technologies will allow the client to trade without any price requotes.

Flexible accounts.

The accounts offered by the broker for trading have been carefully created to meet the needs of any trader. Based on their style, experience, risk propensity, and more, the client can opt for the most suitable solution to achieve their goals.

Cutting-edge platforms.

The broker allows clients to interact in the markets through cutting-edge software, suitable for any style and rich in technologically advanced tools: MT4, MT5, and iRESS.

Being a broker that aims for full transparency, TMGM offers clients the opportunity to know precisely any instrument to trade. By consulting the next table, you will be able to know in detail the features and trading conditions of each single available crypto instrument:

For any additional information, interested traders can visit the official website and access the page dedicated to cryptocurrencies. Alternatively, they can contact the support team, always available for any eventuality.

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Accounts offered by TMGM

The range of accounts offered by the broker has been created to be compatible with any trading style or need. Both beginners and experts can trade to their fullest capacity, leveraging advantageous trading conditions and cutting-edge functions. Based on their style, experience level, and trading volume, customers can choose the solution that best suits their needs and invest on state-of-the-art platforms.

TMGM offers traders 5 types of accounts divided into two subcategories distinguished by the type of platform used:

EDGE Account

Available on MT4 and MT5 platforms. Usually chosen by experienced traders with excellent knowledge in the field.

Classic Account.

Available on MT4 and MT5 platforms. Suitable for traders of any experience level.

IRESS Account.

Accounts exclusively created for experts in the field and high-volume traders, the Standard, Premium, and Gold accounts offer trading conditions suitable for strictly professional and high-performance trading.

To accurately choose the account to start investing in, the broker offers “undecided” traders the opportunity to undergo a simple test that will evaluate the level of experience and trading preferences. Based on the information received, the support team will suggest the most suitable account for the client.

Moreover, if traders want to test the offered environment and the features of the selected account without risking funds, they can opt for opening a demo account at zero risk of loss with virtual funds.

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EDGE Account MT4 – MT5

The EDGE account is a type of account suitable for experienced traders. The client can create accurate strategies and take full advantage of any operation, leveraging powerful tools and functions available on MT4 and MT5 platforms. Spreads start from 0.0 pip, trading commissions are $7, leverage up to 1:1000, and there are no withdrawal – deposit commissions.

Open an EDGE account with TMGM

Classic Account MT4 – MT5

An account made for any category of trader, allowing both beginners and experts to interact with the markets efficiently and with great ease. The account offers very advantageous trading conditions for retail traders, with zero commissions, spreads starting from 1.0 pip, and a minimum deposit of $100.

Open a Classic account with TMGM

Account on IRESS platform

Created exclusively for professional traders who require certain trading conditions and tools to trade, IRESS accounts are structured to allow experts in the field and high-volume traders to access an environment and high performance, with dedicated services and cutting-edge functions.

It’s important to note that the platform is not free for all available accounts and offers a paid service to receive real-time data.

The available accounts are divided into:

Standard Account.

A type of account reserved for professional traders who intend to trade through the creation of carefully structured strategies to maximize advantage. By opening a Standard account, the trader will have to pay a fee both to use the platform and to receive real-time data.

Premium Account.

Suitable for high-risk traders, the Premium account offers optimal trading conditions for traders with proven experience and capable of facing the markets with confidence and professionalism.

Gold Account.

Account created exclusively for traders with very high investment volumes, the Gold account presents features and trading conditions that will allow the client to create detailed trading strategies with an accurate risk assessment.

In case the trader wants to try the accounts before choosing the most suitable one, they can open demo accounts and test them to decide which is the most compatible with their needs. For more information, visit the official website and contact the support team.

Open an IRESS account with TMGM

How to open a TMGM account

The procedure that allows the trader to sign up is simple and fast. The client will need to provide the necessary data for registration, choose the most suitable account for their style, and verify the submitted data. In case the trader is not yet convinced about which account to open, they can contact the support team who will perform a simple test to evaluate which of the available accounts is the most suitable. An essential support to offer the client impeccable service from any point of view.

To open an account and start trading, just follow the next very simple steps:

First step

To begin, you will need to access the official website and click on the “Sign Up” icon, visible in the top right of the page. Once the form is opened, the trader must fill it in by entering first name, last name, country of residence, valid email, and phone number. Click on “start now” and enter in the new screen: date of birth, full address, and postal code. Click on “Next”.

Second step.

In this step, the trader will configure the account by choosing the most suitable type for their needs, platform, account currency, and max leverage to use. Set a secure password, read carefully and accept the terms and conditions of use, click on “next”.

Final step.

To successfully complete the registration, the trader will need to undergo a verification process to prove their identity and country of residence. To do this, they must send a clear front and back photo of a valid identification document (Passport, ID card, driving license) and a document of choice among: Recent utility bill (such as water, electricity, gas), bank statement-credit card statement, Fixed telephone-broadband bill. After verification, if suitable, the client can make a deposit and start investing.

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TMGM Platforms

In addition to a well-structured range of accounts with solutions suitable for any category of trader, the broker offers its clients the opportunity to interact in the markets through the use of cutting-edge trading platforms. Extremely popular and easy-to-use next-generation software will allow clients to trade to the best of their abilities with a wide list of technologically advanced tools and functions.

• MT4.
• MT5.
• IRESS.

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MT4

There isn’t a trader in the world who hasn’t tried this platform for online trading. MT4 is undoubtedly the most popular and used software in the world, given its extraordinary features. The platform has an intuitive interface and is easy to use for any level of experience. Beginners, experts, and high-volume traders can invest optimally through the use of cutting-edge tools and functions such as advanced charting tools, technical indicators, and automated trading with Expert Advisors (EA). The main feature of the software is its total customization, which offers the client the possibility to model the platform according to their style and needs. In addition to being able to modify charts, indicators, and risk management functions, MT4 allows customizing the automated trading function; in fact, clients can decide whether to trade using free EAs, create new ones based on their style, or purchase them in the dedicated store.

User-friendly interface.

MT4 offers a simple and fast interface, suitable for traders of any experience level.

State-of-the-art charting tools.

The platform includes a wide range of technical indicators, charting tools, and time frames that will allow traders to structure accurate strategies through detailed technical analysis.

Automated trading.

The platform’s automated trading section is flexible and fully customizable. Clients can opt for numerous solutions including: using free trading robots, creating new ones fully compatible with their modus operandi, or purchasing them in the store.

MetaQuotes Language 4 (MQL4).

Through the use of the sophisticated programming language MQL4, traders can customize indicators, scripts, and EAs.

Wide list of order types.

• Market orders:
• An order executed to sell or buy a specific instrument at the current market price. It is followed instantly and at the best available price.
• Pending order: An order that will be executed in the future at a previously set price. MT4 offers 4 types of pending orders: Buy Stop, Sell Stop, Buy Limit – Sell Limit, Stop Loss.
• Buy Stop: higher than the current market price, usually used to buy at a higher price if the market swings in the anticipated direction.
• Sell Stop: set at a level lower than the market price is used by the trader to sell at a lower price in case the market heads in the anticipated direction.
• Buy Limit: The client will set the price at a level lower than the market price, and the operation will be carried out if the price reaches the specified level.
• Sell Limit: Set at a level higher than the market price. An order that is executed if the price reaches the selected level.
• Stop Loss: A function created to protect against possible losses, the stop loss order allows the client to set a specific price for closing the position. The price will be set at a level lower than the market price, and if the market reaches the set price limit, the operation will be closed automatically.
• Take Profit Order: An order type that offers the possibility to set a closing price that can generate profits. Set at a level higher than the market price for long positions and worse than the current market price for short positions. If the market price reaches the set price, the position will be closed.

Market watch window.

A service that allows the trader to access the list of instruments available for trading (currency pairs, commodities, stocks, etc.). The client will simply need to right-click to create a new chart or open a new order for the selected instrument.

Advanced charts and time frames.

The platform offers fully customizable charts to use for any instrument with 9 different time frames available (e.g., 1 minute, 1 hour, daily).

MT4 is available on any fixed and mobile device. The software can be both uploaded and used in its web version, which does not require any download.

• Fixed devices (desktop): Mac and Windows
• Mobile devices (mobile app): IOS and Android.

Invest on MT4 platforms with TMGM

An optimized version of the less recent MT4, the multi-asset MT5 platform is by far the most powerful online trading software in the world. In addition to including the features available in MT4, MT5 offers highly advanced tools and functions for high-performance trading. Despite the platform offering a professional approach in a carefully structured environment, traders of any experience level will be able to trade through an intuitive, quick, and easy-to-manage interface. Also, being fully customizable, traders can adapt it to their needs and modify functions, tools, parameters, and much more. MT5 supports algorithmic trading and offers the possibility to automate one’s trading strategies through sophisticated trading robots in MQL5 language. Traders can use free EAs, create new ones based on their needs, or purchase them.

Technologically advanced charts.

The platform offers charts with unparalleled capabilities. The client can customize any chart according to their style and trading preferences. Moreover, they can apply a wide list of time frames and access over 80 technical indicators that will allow the client to have an accurate vision of market trends.

Optimized order management.

An essential function for traders that allows the use of various types of orders to best manage their positions. Traders can create effective strategies and react to sudden market changes through market orders, pending orders, and trailing stop orders. Additionally, for optimal risk management, the platform offers features like OCO (One Cancels the Other) orders and IF-DONE orders.

Historical data and strategy testing

Remedying past mistakes and benefiting from them to expand one’s knowledge is essential for traders intending to evolve their style. By accessing extensive historical price data and the integrated “Strategy Tester,” clients can create strategies avoiding the same mistakes and test them before using them in real trading. An excellent function to better manage risks and maximize the advantages of operations.

Technical analysis.

MT5 offers a wide list of technical indicators, chart patterns, and drawing tools to create detailed technical analyses.

Fundamental analysis.

Knowledge of markets and trends of instruments. The more information received, the higher the probability of profit. MT5 allows clients to access integrated economic calendars, news feeds, and fundamental data for constant updates on relevant market events and news that could influence trading.

Customizable indicators.

In addition to using indicators already present on the platform, MT5 allows the client to create and customize indicators and scripts. This will enable the client to create effective trading strategies.

Market depth.

MT5 offers traders the opportunity to view market depth and monitor their order book data, providing crucial details on demand and supply changes.

Automated trading.

The function that allows clients to trade automatically is well-structured. The trader will have the possibility to use free EAs or create personalized ones based on their style. EAs are designed to execute operations, manage positions, and provide highly updated alerts, minimizing trader intervention.

MQL5 programming.

An advanced and versatile programming language that offers traders high performance for professional trading. The trader can code complex trading strategies and indicators.

Copy trading.

MT5 supports copy trading. A service through which traders can copy the strategies and operations of professionally selected traders by the broker. By viewing the available list, the trader can select the Master (professional) most suited to their needs and decide to follow them, the chosen operations will be automatically copied to the follower’s (trader’s) account.

Like MT4, the multi-asset MT5 platform is compatible with any device and operating system:

• Desktop Version: for Windows PCs and Mac.
• Mobile version: app for devices with IOS and Android operating systems.
• Web Version: does not require any download, and the client will only need to access the platform through an internet connection.

IRESS Platform

A powerful yet flexible platform that allows access to a well-structured environment with carefully integrated functions and tools for very high-performance trading. Created primarily for professional traders, the software features a user-friendly interface that allows for quick and effective management of trades and accounts. Being fully customizable, the client can adapt it to their needs, modifying parameters, functions, tools, and much more.

The innovative interface with a fluid and intuitive design, rich in powerful upgrades to charts and analysis tools, makes Viewpoint one of the most advanced online trading systems in the world.

Modular structure.

The trader can manage their operations selectively in a modular structure and decide to receive exclusive information and customized sensitive data. Each module can be adapted to the trader’s needs, allowing them to add, delete, and resize any parameter for optimal trading.

Real depth and extension of the markets.

To make accurate, quick, and informed decisions, the trader can access the intuitive IRESS ViewPoint interface. The efficient modular models will allow the client to obtain real depth and extension of the markets, both viewable on a single interface. The client can access updated information on a particular instrument and real-time price depth.

State-of-the-art charting functions,

IRESS offers the possibility to interact in the markets through TradingView graphic technology. The trader can study the markets better by adding and overlapping multiple charts within the platform.

Over 50 included indicators.

To perform accurate analyses, the trader can access a wide list of indicators that will allow the creation of effective strategies. The platform offers over 50 technical indicators including ADX and Zigzag.

Customizable news and lightning-fast execution speed.

To trade informed, clients can customize news and widgets to receive information related solely to their operations. By setting smart filter functions, the trader can identify news from multiple sources that contain or exclude certain topics.

Below is a summary of the main features of the platform. It’s important to remember that the IRESS platform and the available accounts involve management costs and trading conditions mainly suitable for professional traders and high-volume investments. Traders interested in using the platform can contact the support team for detailed information.

• Advanced real-time interactive TradingView charts.
• Customizable streaming news and announcements.
• Wide market display.
• System and customizable watchlists.
• Fully customizable layout.
• Dynamic option pricing.
• Indicative opening prices.
• Drag and drop capabilities between windows.
• Extensive mandate monitoring through cutting-edge tools.
• Updated news on major market movements.
• Real-time trade flow information.

The IRESS platform is available for both fixed device and mobile trading. The client can download the version most suited to their needs and start trading.

• Fixed device version: Windows and Mac.
• Mobile device version: Smartphone and tablet of any company with IOS and Android operating systems.

Invest on the IRESS platform with TMGM

TMGM Copy trading

TMGM offers its clients access to the copy trading service through the innovative HUBx platform. The software provides traders with a secure and opportunity-rich environment that allows copying the strategies of professionals and reaping the same benefits.

Copy trading is a valid alternative for numerous solutions including:

• Not all traders have the ability to constantly follow the markets and their operations. Work, commitments, study, and more inevitably affect the time the trader can dedicate to their operations and consequently on the results of the investments. Being able to trade automatically, copying the strategies of experts in the field, clients will not need to perform analysis, study the markets, and create trading strategies. All the work will be done by the master, and the client will only have to wait for the results.
• In addition to the economic benefits derived from using the service, both experienced and beginner traders will be able to expand their knowledge and experience, thanks to the strategies shared by professionals in the field.

Here’s how it works, the interested trader can access the copy trading service through the client portal. By viewing the list of available Masters, the trader can select the one most suited to their needs. The trader can accurately choose the master to follow and view all their characteristics such as: risk propensity, trading preferences, investment volume, etc. Once the professional is selected, the chosen strategies and operations will be automatically transmitted to the Follower’s (trader’s) account.
Each trader will be required to pay a commission only on copied operations with a positive outcome. Copying fees vary based on the selected professional.

Although the process of copying strategies is fully automatic, the trader will always have full control of their account and can decide to close positions, choose the amount to trade, set any risk management parameters, etc.

The smart logs and diaries available on the HUBx platform offer constant control of all important transaction information. This guarantees the trader a completely transparent environment to monitor their operations and make changes if deemed necessary.

Copy trading with TMGM

Posted by Maria Sanchez

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Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.