tmgm.com FAQ

## Is tmgm.com legitimate?

Yes, conventionally speaking, tmgm.com appears to be a legitimate, operating CFD brokerage with regulatory claims and professional infrastructure.

However, from an Islamic ethical perspective, its core service of CFD trading is considered impermissible due to Riba (interest), Gharar (excessive uncertainty), and Maysir (gambling).

## What is tmgm.com?

Tmgm.com is an online broker that facilitates Contract for Difference (CFD) trading across various financial markets, including Forex, Shares, Precious Metals, Energies, Cryptocurrencies, and Indices.

It allows users to speculate on price movements of these assets using leverage. tmgm.com App Review

## What is CFD trading on tmgm.com?

CFD trading on tmgm.com involves entering into a contract to exchange the difference in the price of an asset from the time the contract is opened to when it is closed, without actually owning the underlying asset. It typically involves high leverage.

## Is CFD trading permissible in Islam?

No, CFD trading is generally considered impermissible (Haram) in Islam due to its involvement in Riba (interest, particularly from leverage and overnight fees), Gharar (excessive uncertainty and lack of tangible asset ownership), and Maysir (gambling-like speculation).

## Does tmgm.com offer a SWAP Free account?

Yes, tmgm.com states that it offers a “SWAP Free Account” which is designed to remove overnight interest (swap) charges on positions held open for more than a day.

However, this feature alone does not nullify all ethical concerns regarding Riba, Gharar, and Maysir inherent in CFD trading.

## What platforms does tmgm.com use?

Tmgm.com supports industry-standard trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available for desktop, Mac, tablet, and mobile. They also have their own proprietary “TMGM App.” tmgm.com Results: What Users Are Saying

## How fast is execution on tmgm.com?

Tmgm.com advertises “lightning-fast execution speed” with partnerships with top-tier liquidity providers and use of OneZero Financial Technology and Equinix data centers (NY4) to minimize latency.

## What leverage does tmgm.com offer?

Tmgm.com offers leverage of “up to 1:1000,” meaning traders can control positions up to 1000 times their invested capital.

This significantly amplifies both potential profits and, more critically, losses.

## What are the spreads like on tmgm.com?

Tmgm.com promotes “razor-thin spreads from 0.0 pips” on its platform.

Spreads are the difference between the buy and sell price of an asset and are a primary way the broker earns revenue. How to Cancel tmgm.com Subscription

## Can I deposit and withdraw funds quickly with tmgm.com?

Tmgm.com states “Instant Deposits. Fast Withdrawals. No Commission.” for fund movements.

However, note the current “TMGM Client Portal Maintenance Notice” which might impact the ease of online deposits and withdrawals until June 7, 2025.

## Are my funds safe with tmgm.com?

Tmgm.com claims that “Your funds are held securely in a Tier 1 Bank,” implying fund segregation.

While this provides conventional security, the inherent high risk of CFD trading means your capital is highly exposed to market losses, and ethically, engaging in such activities is considered unsafe.

## What kind of customer support does tmgm.com provide?

Tmgm.com advertises “24/7 Customer Support.” This typically includes live chat, email, and phone support, aiming to assist clients around the clock. Is tmgm.com Real or Fake?

The ongoing client portal maintenance might lead to increased support workload and potential delays.

## Is there a demo account available on tmgm.com?

Yes, like most brokers, tmgm.com offers a “Try Demo Account” option.

This allows users to practice trading with virtual money in a simulated environment without risking real capital.

## Does tmgm.com charge commissions?

Tmgm.com states “No Commission” on deposits and withdrawals.

However, commissions might apply to specific account types (e.g., ECN/Raw spread accounts) or certain CFD products like Shares CFDs, in addition to spreads. resumemaker.ai Complaints & Common Issues

## What is the “TMGM Client Portal Maintenance Notice” about?

This notice on the homepage indicates that the client portal system is undergoing maintenance with an estimated go-live time of June 7, 2025. This suggests a prolonged outage or major overhaul, which could impact direct online account management for users.

## What markets can I trade CFDs on with tmgm.com?

Tmgm.com offers CFD trading across six asset classes: Forex (50+ currency pairs), Indices, Precious Metals (Gold, Silver), Energies (Oil), Shares, and Cryptocurrencies (Bitcoin, Ethereum, etc.).

## Does tmgm.com offer copy trading?

Yes, tmgm.com lists “HUBx Copy Trading” among its trading tools, allowing users to potentially mirror the trades of experienced traders.

## What are the alternatives to tmgm.com for ethical investing?

Ethical and Sharia-compliant alternatives to tmgm.com include Islamic stock brokerage platforms, Islamic mutual funds/ETFs, ethical real estate investment (direct or Sharia-compliant REITs), physical gold and silver bullion, ethical crowdfunding for businesses, Sukuk (Islamic bonds), and physical commodity trading.

## Can I lose more than my deposit with tmgm.com?

Yes, due to the high leverage offered in CFD trading (up to 1:1000), it is possible to lose more than your initial deposit. doyobest.com Reviews Complaints BBB

While some regions or brokers offer negative balance protection, the inherent risk means substantial losses are common.

## How do I close my account on tmgm.com?

To close your account, you typically need to close all open trading positions, withdraw all remaining funds, and then formally request account closure through customer support (via email or phone), especially since the client portal is currently under maintenance.