TMi Markets

TMi Markets Information

TMi Markets, operates by TMi Markets is operated by EXO Broker AG, is a comprehensive financial company registered in 2022 in Comoros Union and also operates in Germany, St Vincent and the Grenadines and the United Kingdom.

As a brokerage, the company provides access to a diverse array of financial instruments such as forex, cryptos, stocks, comodities, indices, energy, metals, bonds and ETFs. There are 4 tiered live accounts for clients to choose from. It offers a proprietary trading platform available on web and mobile devices. Furthermore, several trading tools such as economic calendar, heat map, technical analysis etc. help clients for in-depth market analysis.

In addition, fund segregation protects customer funds even when the company goes bankruptcy. The glossary of forex, live webinars, and 1 on 1 video training courses also equip clients with necessary knowledge for successful investments.

However, it should not be neglected that the broker currently operates without regulation from any authorities, degrading its credibility and reliability.

Pros and Cons

Is TMi Markets Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

What Can I Trade on TMi Markets?

TMi Markets provides access to a wide range of market instruments including forex, cryptos, stocks, comodities, indices, energy, metals, bonds and ETFs. You can expand your trading portfolio and seize abundant market opportunities to possibly achieve substantial returns on your investments.

Forex: Trade a wide range of more than 330 currency pairs, from popular options like EUR/USD to less common pairs, with authentic trading data.

Crypto: Engage in cryptocurrency trading, including Bitcoin and Ethereum, with low margins.

Indices: Safeguard your investments by trading corporate and government bonds, a crucial element for a diversified portfolio.

Metals: Explore the global metal market with expert analysis on key commodities like gold, silver, and copper, suitable for both short and long-term trading.

Stocks: Effortlessly trade company shares using market orders and manage your portfolio with their virtual account tools.

Commodities: Gain instant access to global markets for essential minerals and agricultural products, trading through futures contracts.

ETFs: Invest in exchange-traded funds that combine shares and commodities, with insights to help you navigate market trends.

Energy: Analyze and trade in the energy sector, focusing on Brent oil, natural gas, and U.S. oil to capitalize on global market shifts.

Always follow the rule of investment and scatter risks by putting money in different products instead of only one that you are optimistic about.

Account Type (Minimum Deposit/Leverage/Spread & Commission)

TMi Markets does not provide demo accounts for testing and practicing as many other brokers, which is a drawback. But there are four tiered live accounts for customers to choose from according to their financial capacities and experience levels.

First comes with the Bronze account, with the minimum deposit requirement from $250, spread starting from 2.2 pips and leverage up to 1:200. This account is for those who have just started trading with the broker and want to start small while do not have a high demand for functionalities.

Going further, the Silver account requires a minimum investment of $10,000, with the same leverage of up to 1:200 but slightly tighter spread from 1.8 pips.

If you'd like more functions and supports in your account like PAMM system, swap refund, daily market reviews, etc., you can choose the Gold account or Platinum account, but with a higher entry level at $25,000 and $1,000,000 respectively. Spread is tighter from 0.8 pips and leverage levels higher up to 1:400 for both accounts. These two accounts are only suitable for high-net-worth traders who have ample funds and accept the inherent risks along with potential higher returns from investments.

Furthermore, base currency is EUR and USD, and the broker charges fixed commission at $2.50 per $100,000 national value.

Except for the above, Islamic accounts are available for all account types. You need to fund at least $1,000 into your account before contacting TMi Markets' dedicated customer service team to further transfer to an Islamic account. This account is designed for traders who need to comply to Sharia laws and does not charge interest or commissions.

Comparing to industry average which only requires minimum deposit under $100 and do not charge commissions, trading consitions of this broker is not so competitive.

Trading Platform

TMi Markets offers a proprietary trading platform called “TMi Webtrader”. The platform can be accessed via browsers on Windows, Linux and MacOS devices without needing to download or install additional software. You will gain real-time access to a wide range of technological resources, research and customizable functions with this platform.

The broker also offers a mobile app for this platform which is downloadable for both iOS and Android devices. The app allows you to trade on the go while benefiting from the ease of smartphone trading.

Deposit & Withdrawal

TMi Markets accept several ways for funding: bank transfer (Visa/MasterCard), credit cards and crypto wallets. Accepted currencies are EUR, USD and GBP and no deposit charges for funding via bank transfer and credit cards.

In addition, TMi Markets does not cover any exchange rates charged if trader deposit in a currency that is different to that of your bank funds. Also, they do not accept bank transfers from countries that are different from traders' home addresses, either.

Customer Support Options

If you want any help or support from TMi Markets, you can reach them through email, social platforms or visit them in person in their offices in the UK, Germany and St Vincent and the Grenadines.

In addition, a contact form is also available on its website. You can fill in your contact info on its website and wait for their representatives to call you or email you.

The Bottom Line

In summary, the brokers offers tiered account and a series of educational resources for clients to learn about necessary industry knowledge. The four positive feedbacks on WikiFX also prove its accountability for services. However, operation without regulation impairs its credibility and reliability. Furthermore, the high minimum deposit requirements stop traders with limited capital outside of their door.

You should weigh the pros and cons before deciding if TMi Markets is the right broker for you.

FAQs

Is TMi Markets safe?

Yes, though the broker is not regulated by any authorities so far, it implements fund segregation that separates customer funds from its operational fund. Customer can get their money even when the company goes bankruptcy.

Is TMi Markets good for beginners?

No, though the broker features several favourable and user-friendly conditions like educational resources, trading tools, etc. Its high minimum investment requirement sets barriers for beginners who usually need to start small.

What trading platform does TMi Markets have?

TMi Markets offers a proprietary trading platform available on web, Llinux, Windows and mobile devices.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.