TGM-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

TGM, a trading name of TGM Financial LLC, is allegedly an online trading brokerage registered in Georgia, City Kutaisi, Avtomshenebeli Street No 88, Free Industrial Zone with registration number 0110/273, specialized to provide individuals and organizations with the industry-standard MetaTrader4 trading platform, flexible leverage up to 1:500, raw spreads from 0 pips on almost 89 tradable financial instruments, a choice of five different account types, as well as 24/5 customer support service and other services in international financial markets.

Market Instruments

TGM advertises that it offers almost 89 different trading instruments across global financial markets, including forex currency pairs, spot metals like gold and silver, CFDs on futures, indices, commodities and international equities.

Account Types

There are five real trading accounts offered by TGM, apart from demo accounts, namely Basic ECN, Classic ECN, Premium ECN, Pro ECN and Advanced ECN. Opening a Basic ECN account requires the minimum initial deposit amount of $100, while the other four account types with the much higher minimum initial capital requirements of $1,000, $5,000, $10,000 and $25,000 respectively. The broker also offers Islamic accounts.

Leverage

Clients on the Basic ECN account can enjoy the maximum leverage of 1:500, the Classic ECN account with leverage of 1:400, the Premium ECN with leverage of 1:300, and the Pro ECN and Advanced ECN account can experience leverage of 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Commissions are influenced by what type of accounts traders are holding. TGM reveals that the commission on the Basic ECN account is $9, while the Classic ECN account with a commission of $8, the Premium ECN account with $7, the Pro ECN account with $6 and the Advanced ECN account with the lowest commission of $4. As for spreads, the broker claims that it offers raw spreads from 0 pips for all account types.

Trading Platform Available

When it comes to trading platforms available, TGM gives traders four choices: MT4 Desktop, MT4 Web, MT4 Mobile and MT4 Tablet, available on the Windows PC, the Web, iOS and Android systems. MT4 is known as one of the most successful, efficient, and competent forex trading software, featuring different order types, 50+ built-in indicators, Expert Advisors (EAs) for automated trading, customized indicators and scripts, 128-bit encryption ensuring the security of trade transactions, etc. While with the MT4 mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

Tools

Also, TGM provides its clients with an Economic Calendar, whose interface seems to be quite simple and clear, just as the following screenshot shows.

Deposit & Withdrawal

From the logos shown at the foot of the home page on TGMs official website, we found that this broker seems to accept deposits and withdrawals with wire transfers and credit/debit cards such as Visa and MasterCard. The minimum deposit requirement is $100.

Bonuses

TGM claims to offer a Promotion Bonus, but only available for the Premium ECN, Pro ECN and Advanced ECN accounts, yet we cannot be sure if the bonus is really available without any condition.

Customer Support

TGMs customer support can be reached by telephone: +447418350283, +447418350282, +447427111048, email: support@tradeglobalmarket.com, info@tradeglobalmarket.com or leave messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Twitter, LinkedIn, Instagram and Facebook. Registered address: Georgia, City Kutaisi, Avtomshenebeli Street No 88, Free Industrial Zone.