TMS Brokers Review
Dom Maklerski TMS Brokers, TMS Brokers for short, is an online trading broker that operates from Warsaw, Poland. They provide traders with the highly advanced MetaTrader 5 trading platform to enable them to trade several financial instruments across different asset classes, including forex, indices, commodities, equities, cryptocurrencies, ETF, and more.
TMS Brokers Review, Pros & Cons
- Advanced trading platforms
- A range of trading tools & educational materials
- A wide variety of trading instruments
- Limited trading account options
- Restricted leverage
- Limited funding methods
- No MetaTrader 4 or cTrader platforms
- Not the lowest spreads
- No USA clients
In this detailed TMS Brokers review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
TMS Brokers Overview
With over 20 years of experience, TMS Brokers is regarded as the first currency brokerage house on the Polish market which claims to have over 9,000 trained and certified investors. The online trading broker allows clients to trade several financial assets using a range of trading platforms. Traders benefit from a number of competitive trading conditions, such as negative balance protection, zero commission, leverage, and reasonable costs. They have won several industry awards, which include the Best Analyst of the year 2019 by Invest Cuffs, Best Analyst of Commodity Markets, amongst others.
TMS Brokers Regulation
Dom Maklerski TMS Brokers SA is subject to the supervision of the Polish Financial Supervision Authority on the basis of an authorization of April 26, 2004, with the registration number: (KPWiG-4021-54-1 / 2004).
TMS Brokers Countries
The broker offers its services to clients from different countries or jurisdictions where the use of such services would not be contrary to any local law or regulation.
Some TMS Broker’s features and products mentioned within this TMS Brokers review may not be available to traders from certain countries because of legal restrictions.
TMS Brokers Platforms
TMS Brokers allows clients to trade the various offered assets using the sophisticated MetaTrader 5 trading platform. The platform allows traders to work on up to 100 charts simultaneously and supports various types of pending orders, including buy limit, buy stop, sell limit, and sell stop. It is built with the MQL5 programming language which allows investors to program their own robots and indicators. The MT5 trading platform is available as a desktop application for Windows and Mac computers, a web trading terminal, and a mobile trading app for Android and iOS devices.
There is also the TMS Brokers proprietary trading platform, which is available as a mobile app. It offers signals, opportunities, and market news whilst allowing its users to gain unlimited access to global markets even while on the move as long as there is an internet connection.
TMS Brokers Trading Tools
Traders are provided with a range of useful trading tools to enhance their trading experience. These include Economic Calendar, Live Quotes, and more.
TMS Brokers Education
There is a vast array of educational resources on the broker’s website, such as ebooks, trading guides, webinars, seminars, news, an FAQ section, and practical insights and tips from experienced professionals.
TMS Brokers Instruments
The following trading instruments are available at TMS Brokers: forex, indices, commodities, equities, cryptocurrencies, ETF, and more.
TMS Brokers Accounts & Fees
The broker provides traders with the TMS live trading account, which allows its users to trade several instruments with no commission charges on most instruments. There is also the demo account that is available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this TMS Brokers review. It is imperative to ensure that you check and understand all of the latest information before you open a TMS Brokers broker account for online trading.
TMS Brokers Support
The broker has a dedicated customer support team that is on hand to give knowledgeable responses to clients’ inquiries via telephone, Live Chat, email, and Facebook messenger.
TMS Brokers Deposit & Withdrawal
The broker accepts instant payments via credit cards and Skrill online payment system. You can also deposit funds with regular SEPA bank transfer whereas withdrawals are only through bank transfers.
TMS Brokers Account Opening
To open an account, click on the ‘Open An Account’ tab on the broker’s website and proceed to fill the account application form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
TMS Brokers Summary
TMS Brokers is an online financial services provider that gives traders access to trade different financial markets using a range of sophisticated trading platforms. They provide traders with various trading and learning tools. Traders benefit from negative balance protection, zero commission, and competitive trading costs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.