What Account Types and Fees Does TMG Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Classic Account |
Beginners and casual traders |
No commissions, spreads from 1.0 pips, ECN execution |
Minimum deposit of $100, suitable for medium to long-term strategies |
| Edge Account |
Active traders and scalpers |
Low spreads starting from 0.0 pips, $7 commission per round turn |
Minimum deposit of $100, ideal for short-term trading |
| Islamic Account |
Muslim traders |
Swap-free, compliant with Sharia law |
Available for Classic and Edge accounts upon request |
| Demo Account |
New traders and those testing strategies |
Practice trading with virtual funds, access to all features |
No minimum deposit, time-limited access |
Account Opening Process
To open an account with TMG, follow these steps:
1. Register: Go to the TMG website, select your account type, and fill out the secure application form with your personal details.
2. Verify: Submit identity verification documents, which include a valid ID and proof of address, to confirm your identity.
3. Fund: After verification, add funds to your trading account using various payment methods available.
4. Trade: Once funded, you can start trading immediately. Note that you have the flexibility to upgrade your account type in the future if you meet the requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.0 |
$0 (ECN: $7/lot) |
Standard spread for Classic account |
| Forex (GBP/USD) |
1.5 |
$0 (ECN: $7/lot) |
Competitive spreads for major pairs |
| CFDs (Gold) |
0.3 |
$0 |
Standard conditions apply |
| CFDs (Oil) |
0.05 |
$0 |
Designed for commodity trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, TMG also has several other costs:
– Deposit/Withdrawal Fees: No fees for deposits and withdrawals via most methods; however, some bank transfers may incur fees.
– Inactivity Fees: A fee may apply after a certain period of inactivity on the account.
– Platform Usage Fees: Generally, no fees for using the trading platforms (MT4/MT5).
– Overnight Interest (Swap Rates): Applicable for accounts that do not have a swap-free option.
– Currency Conversion Fees: May apply when trading in multiple currencies.
