New TradeGM broker review – updated February, 2021.
TradeGM offers clients FX and Crypto trading and CFD’s on multiple asset classes. Some of these asseet classes are Shares, Indices and Commodities. Their clients get great STP trade execution and liquidity access from renown providers.
TradeGM provides their clients with these platforms: MetaTrader4 and GM Trader.
You can’t make robust trades without a powerful base, and this renown company aims to give its clients the best alternative when it comes to platforms for trading. That is why TradeGM offers the well-known MT4 platform, which is made to work seamlessly over different platforms. This provided us with a comfortable and stress-free trading experience when we tested the platform out. Owing to its efficiency and complex trading characteristics, MetaTrader 4 is the reference against which other trading platforms are held against.
MetaTrader4 is possibly the most often utilized trading site for Foreign Exchange traders and CFD traders alike. With a simple Interface with advanced order types, different chart formats and time frames, the desktop application offers a robust range of trading tools. The MetaTrader4 can be downloaded for desktop and internet usage on the TradeGM site or on Google Play and the Apple Store for phones.
FX currency pairs, stocks, Contracts for differences on bonds, CFDs on indices, CFDs on commodities, CFDs on digital currencies are provided for trading.
GM Trader is a recent inclusion to their service offer and is a web-based trading platform that is efficient with resources, but it comes with the capabilities that traders need from their FX and CFD trading platforms. For desktop and internet usage, the platform can be downloaded on the TradeGM site.
This firm is a STP broker. Its only interest in the trades of their customers (apart from the reception and transfer of your orders, of course) is the brokerage fee. The business strategy is founded on volume, so key clients are mostly successful long-term traders. The Education Center provides traders with all kinds of experience with a range of useful resources, whether they are experts or newbies.
For those traders who wish to learn more about trading, TradeGM offers:
- Their video library
- The learning channel
- Tools for trading
- Trading central
- Blog and marketplace reviews
The company provides a comprehensive video course library, if you lean more towards videos than written material. The main idea is to lead customers in the online trading universe and help them learn things like forex and CFD trading.
The significance of an event, settings dependent on the nation, choosing a language… these are all things that are categories on the economic calendar that give users a customized perspective on trending economic happenings. Moreover, you can find the calendar on different platforms, no matter if you’re trading via desktop or your smartphone – TradeGm makes sure you stay on top of the
Some of the categories, when it comes to the economic calendar, are event importance, country settings, and language for the personalized outlook on trending economic developments. In addition, the calendar is delivered on various platforms, versions for desktop and mobile are available, so the user remains at the forefront of industry trends.
Knowledge is the most useful tool that TradeGM offers you when it comes to online trading. The top-notch trading tools from TradeGM give you access to the data you need to perform well-thought-through CFD investments on the trading platforms – be it regular currency converters or professional tech analysis.
Trading Central is widely regarded for their insightful and reliable analysis of the financial markets with the use of their time-checked algorithms. The study is presented in a user-friendly interface and comes with all the primary currency pairs of foreign exchange.
The eBrókerház Befektetési Szolgáltató Zrt. forwards orders issued by users to the Temple Capital PTY Ltd. This is done for the reason of execution on the Temple GM Trader web-based trading platform. The eBrókerház Zrt. is overseen by the Central Bank of Hungary. The eBrókerház Zrt. is licensed by the HFSA with license numbers III/73.059/2000 and III/73.059-4/2002).
TradeGM’s customer team is always responsive and ready to personally support you. Support can be reached through the telephone, email and through a form that’s filled out online. While the firm may be contacted via messaging apps like WhatsApp and Viber, they should be used just for submitting docs.
We tried out their customer service by filling out a form on their site and we are happy to say they came back to us in a few hours time.
Their support team can be reached five days a week.
TradeGM Trading Accounts
- starting at 1,000 Euros
- starting at 2,500 Euros
- starting at € 10,000 Euros
- starting at 25,000 Euros
- starting at 50,000 Euros
TradeGM’s General Expenses
Funds that are deposited via credit card will be credited to the card(s) when withdrawal occurs, to the number that was deposited, and this is performed for no charge whatsoever.
If you’re inactive, you incur an account management fee of five dollars per month.
Transferring an extra amount to your bank account (if we are talking about electronic transfers) will depend on the number that you’re transferring.
A maximum of HUF 1,000,000: 1 US dollar
A maximum of HUF 1,000,000: 5 US dollar
All foreign currency transfers: 20 US dollar
Deposits and Withdrawals
The minimum deposit for commencing your trades on TradeGM is €250.
Spreads and Leverage
Every account will have a max leverage of 1:30, while the leverage for experts is 1:200. You also get a variable spread of 0.1 pip.
TradeGM offers an STP/No Dealing Desk.
TradeGM Financial Regulation
Your funds are secured in segregated bank accounts, and this is additionally reinforced thanks to the BEVA membership that warrants a compensation of a maximum of EUR 100,000 in case something derails your plans. Electronic verification and negative balance security are utilized, too.
Instruments You Can Trade
Here you will have guaranteed access to awesome indices, stocks, commodities, foreign exchange currency pairs and contracts for difference. Whatever method of trading you pick, you will be in the position to tackle it fully thanks to TradeGM. The assets are provided through the renown MT4 platform and are available with STP trade execution!
TradeGM values transparency and trustworthiness. Their trading space is really user-friendly and open – counting in the tradable assets they provide, as well as execution and pricing.
TradeGM is adamant to help their traders succeed. The firm acts like a brokerage that can be relied upon and its profit comes from a low charge they incur for transmitting trades they charge.