TM9 is an online forex trading platform established on October 28, 2024, designed to provide efficient trading solutions for active day traders, scalpers, and newcomers to the forex market.
Basic Information
On the contrary, the TM9 official website's domain, fgfcmarkets.com, was registered on November 16, 2024, as the Whois query reveals. It provides quite a lot of trading tools: forex, indices, commodities, cryptocurrencies, stocks, futures, and bonds. The TM9 website motto goes as "Volatility to Opportunities." It is targeted at attracting traders who understand market volatility quite well.
Trading Platform
This broker offers two main trading platforms: TM9 Platform and TradingView Platform. According to the website, the TM9 platform features include:
- Raw Pricing, providing competitive market prices;
- Low Latency Trading, ensuring fast trade execution;
- Spreads from 0.0 Points, favoring high-frequency traders;
- Leverage up to 1:1000, offering greater leverage effects to investors;
- Multi-asset Platform, supporting various trading products.
First of all, although the website enumerates MT5 next to the TM9 platform logo, it does not explain how TM9 is related to the MT5 platform-and that begets at least a couple of questions. While the website speaks of PC, iOS, and Android support, links to these downloadables are dead, which affects the overall user experience.
Why Trade with TM9 on TradingView?
- Real-time Forex and CFD Quotes
- Market-leading Spreads and Low Commissions
- Micro Lot Trading – Minimum lot size of 0.01 with no upper limit
- Unlimited Pending Order Limits
- Extended Symbol Display
- One-click Trading
Trading Accounts
This broker offers several account types, each with slightly different fees and spreads, as follows:
TM9 Account
- Trading Platforms: TM9, TradingView
- Commission: $3.0 per lot (charged $6.0 per 100,000 currency turnover)
- Spreads: From 0.0 points
- Initial Deposit: $200
- Leverage: 1:1000
Raw Spread Account
- Trading Platforms: TM9
- Commission: $3.5 per lot (charged $7.0 per round trip)
- Spreads: From 0.0 points
- Initial Deposit: $200
- Leverage: 1:1000
Standard Account
- Trading Platforms: TM9
- Commission: No commission
- Spreads: From 0.8 points
- Initial Deposit: $200
- Leverage: 1:1000
Regulation and Compliance
On its website, TM9 claims to be operated by Raw Trading Ltd, allegedly regulated by the Financial Services Authority of Seychelles - FSA, with a Securities Dealer License Number SD018. A quick check at the FSA Seychelles website has shown that the registered trading names for Raw Trading Ltd are IC Markets Global and IC MARKETS (SC), and not TM9. All the legal documents from this broker bear the same issuing company, Raw Trading Ltd, which means that another company's information has been used in fraud to deceive consumers.
Also, according to the Seychelles Financial Services Authority,FSAwebsite, the license number provided, SD018 is not a valid number. No relevant information was found on both the UK's Financial Conduct Authority, FCA, and the US National Futures Association, NFA, official websites. This means no valid regulation; investors have to be wary.
Deposit and Withdrawal Methods
The platform supports multiple deposit and withdrawal methods, including:
- Credit/Debit Cards
- Skrill
- Wire Transfers
- Neteller
- FasaPay
- UnionPay
- Bpay
Withdrawal requests are generally processed within working days after submission, but international bank wire transfers may take up to 14 days. TM9 does not charge additional fees for deposits or withdrawals, although some banks may apply extra charges.
Customer Support
The broker provides 24/7 customer support, and users can contact them through the following channels:
Email:
- Client Relations: [email protected]
- Support: [email protected]
- Accounts: [email protected]
- Marketing: [email protected]
Phone:
- Main Line: +248 4671976 (international charges may apply)
- Thailand: +661800011956
- Indonesia: +6280332160329
- Colombia: +5718005190364
- Vietnam: +8412032513
- South Africa: +27800172944
However, investigations have found that the contact details and company address information provided by this broker are actually from IC Markets Global, raising questions about their transparency.
Educational Resources and Support
The platform gives some basic educational resources explaining the basic knowledge of the forex market and some beginner tutorials. It also has webinars and video tutorials; the actual quality and usefulness were not checked. Besides, the broker supports some tools: a forex calculator and an economic calendar to assist traders in better market analysis.
User Reviews and Brand Visibility
This broker has almost no user reviews or related news reports on public networks. According to Semrush data, TM9 has an average monthly visit of less than 100 times, indicating relatively low market exposure.
Conclusion
Despite offering a variety of financial products and advanced trading platforms, TM9's lack of effective regulation, insufficient transparency of company information, and the alleged misuse of another company's information call for investors to exercise extreme caution when considering using this platform. Overall, the broker's market reputation has yet to be established, and investors should carefully evaluate risks before deciding to use their platform.
