What Account Types and Fees Does TMGM Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| EDGE Account |
Active traders seeking low-cost trades |
Spreads from 0.0 pips, leverage up to 1:1000, compatible with EAs |
Requires a minimum deposit of $100 |
| CLASSIC Account |
Beginners and casual traders |
No commission, spreads from 1.0 pips, leverage up to 1:1000 |
Minimum deposit of $100, suitable for those preferring commission-free trading |
| Islamic Account |
Traders requiring swap-free conditions |
Available on both EDGE and CLASSIC accounts, compliant with Sharia law |
Must provide relevant documentation to qualify |
| Demo Account |
New traders and those testing strategies |
Access to all trading features without risk, virtual funds |
No deposit required; available for all users |
Account Opening Process
Opening an account with TMGM is a straightforward process that typically involves the following steps:
1. Registration: Begin by selecting your preferred account type and filling out the secure application form.
2. Information Submission: Provide personal information, including employment and financial details.
3. Identity Verification: Upload necessary documents such as a valid ID and proof of address (e.g., utility bill).
4. Account Flexibility: After opening, you can later upgrade your account to a professional type if your trading volume qualifies.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing |
| CFDs (Stocks) |
Variable from 0.1 |
$0 |
Access to a diverse range of stocks |
| CFDs (Indices) |
1.5 |
$0 |
Includes major global indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Fees can vary based on market volatility |
Other Fees
In addition to the trading fees, TMGM may charge for the following:
– Deposit/Withdrawal Fees: Generally, there are no fees for deposits or withdrawals, but check specific methods.
– Inactivity Fees: Accounts inactive for more than six months may incur fees.
– Platform Usage Fees: No platform fees, but external tools may carry costs.
– Overnight Interest: Standard overnight swap rates apply based on the account type and position held.
– Currency Conversion Fees: A fee of 0.01% may apply for transactions not in the account’s base currency.
