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TMGM Obtains New License from New Zealand FMA

2021-06-11 Brokersview


Global CFD trading platform TMGM, formerly known as TradeMax, has gained a new regulator license from New Zealand’s Financial Markets Authority (FMA).

With the new license, the broker will be able to  offer regulated forex and CFDs trading services to traders based in New Zealand.

Commenting on this news, Angelo D’Alessio, Chief Marketing Officer of TMGM, said, “This is a key milestone for TMGM. Expanding our global reach has been an important focus for us.”

TMGM has been vocal about its international expansion plans since late 2020. Apart from the Australian and New Zealand license, the broker is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), under which it onboards most of its global clients.

Lee Yu, Chief Executive Officer at TMGM said they have additional plans to acquire more licenses in the future to further enhance the company's global expansion.

TMGM has announced its partnership with algorithmic trading firm Trade View Investments. TMGM's clients will be provided with exclusive opportunities to trading success. With the new partnership, Trade View will offer TMGM clients numerable high quality content, optimal trading tools as well as access to Trade View X.