TMS Brokers 2020 review

TMS Brokers SA is a company with a Polish registration and almost twenty years of history. Any company registered in the jurisdiction of one of the European countries will be under the regulation of a reputable organization. This means that the client will feel safer for his balance and personal data, of course, there are also disadvantages, such as lower leverage or lack of bonus grid. These brokers are regulated by the Polish organization KNF, but at the same time, thanks to membership in the compensation system of Poland (KDPW), the company can guarantee the safety of their clients’ funds in case of force majeure. For example, in case of liquidation or bankruptcy of the company. Amounts up to 3,000 euros are reimbursed in full, amounts up to 22,000 euros – 90 percent.

TMS Brokers offers protection against negative balances, i.e. client losses are limited to the funds in the account.

Trading platforms

One of the offered platforms is provided by the partner of this brokerage company – Metatrader. Clients are offered the fifth version of MT with computer, tablet and cell phone versions. This platform is recognized by traders from all over the world and is considered as the most demanded and reliable, at the same time having all the necessary functionality for successful work. MT5 is the predecessor of MT4, but with a wider functionality for technical analysis. For example, the platform offers three types of charts with 21 timeframes, for analytics a set of 80 tools is offered.

MT5 offers robo-advisors for trading in automatic mode, they read quotes and even make transactions in the forex market without human intervention. The platform supports the MQL5 programming language, so you can create your own or order from developers trading robots.

Smart trading platform TMS.

Despite the support of the MT5 platform, the company decided to create a terminal for trading – TMS SmartTrader, a mobile application that provides access to all world markets, there is a block with economic news, which can be accessed through a mobile application. Market analysis through 6 interactive graphics with time intervals from a minute to a day. Charts can be created using 12 different indicators.

Assets provided by TMS:

Stocks of hundreds of companies from Spain, North America, Germany and the United Kingdom.

Indices: Eighteen of the most popular

Currencies are represented by forty-two pairs

Commodities – nineteen assets, including oil, metals

Cryptocurrency contracts – 5 assets (including BTC and ETH)

ETFs – contracts on shares of commodities and healthcare assets.

It should be noted that the company is positioned as a market maker.

Spreads and commission

This is one of the few companies that does not require a minimum deposit. As for spreads, the minimum spread on the euro/dollar pair and it is 1 point

Commission on the Connect account is absent when trading: indexes, cryptocurrencies, currency pairs. On trades in shares, the commission will be 5 dollars

A table showing all fees and commissions is freely available. We recommend that you read it before you activate your account.

Leverage

Financial leverage has different levels and it depends on the asset group:

Cryptocurrencies are traded with a leverage of 1:2

Stocks contracts 1:5

Indices, currencies and commodities – 1:20

It is worth noting that the level of financial leverage is not high, especially compared to competitors, but it reduces the risk level of the trader. At the same time, the regulation in the European zone obliges the company not to exceed the leverage limits.

Mobile Applications

TMS Brokers developed a proprietary Smart Trading app that is fully compatible with all modern mobile devices running on iOS and Android. Traders can trade all the assets offered by the company as well as get valuable information about the trading success of other traders. The application is comfortable enough and it is not at all difficult to get acquainted with a variety of customizable functions.

The second application that is available for use – MT5, a chic mobile version allows customers to literally on the fly to participate in transactions. Convenient email notification settings will help not to lose the opportunity to participate in a profitable trade. There is a built-in chat for interaction between traders and the community, including the ability to share ideas and learn new strategies from like-minded people.

Payments

There are two main methods of payment: payments by card (under the condition of the maximum limit of 15000 euros) and bank transfer.

Trustly is a fast bank transfer service supported by the largest European banks. In this case, the money are instantly credited to your trading account.

TMS does not try to make money on deposits. There is one more thing that is very important to take into account when depositing in the account – all payments are accepted strictly in euros, otherwise you need to consider the conversion costs.

As mentioned above, there is no minimum deposit, but when making a deposit, you should consider that withdrawals below 100 euros are subject to a fee of 20 euros per transaction.

Demo account

For those wishing to practice opening trades with virtual money or test (verify) their strategy in conditions as close as possible to the real ones, the company offers a test account with easy activation and virtual balance of 50,000 euros. It is worth noting that the demo account is only available on the SmartTrader platform. When using such an account, the client receives 5 initial lessons, and guidance on setting up a number of instruments

Bonuses

At the moment, TMS Brokers does not announce any current promotions or offers. Although, it is known that in the past the company offered a credit of 20 euros or double the profits on confirmation of a phone number. In any case, such information is always present on the company’s website.

Additional features

As a rule, in this section, tell about the information related to training. This is a lot of e-books, webinars on the themes of trading strategies and on each market separately. Some videos are available on the company’s YouTube channel. Only two manuals are available in English.

TMS Non-Stop is a utility that presents a news portal, several calendars of economic events.

Trading Accounts

A Connect account with variable spreads and no minimum deposit is for most clients and for the professional clientele, the company offers a Connect Professional account. Such an account requires certain rules to be met:

Total assets must be a minimum of €20 million and revenues must be at least €40 million. In addition, own funds must be a minimum of two million euros.

Before opening a professional account, you should read the table of fees and commissions, because their value is different for different markets. The minimum trading volumes and margin rates also differ.

Support service

Supported messenger on FB, where you can always help qualified support team managers, as well, each of the branches has its own phone number and email address.

The legal address of TMS Brokers is ul. Złota 59, 00-120 Warszawa.

Security

Data are systematized and secured according to GDPR rules. All payment details are kept safe as we only work with certified payment services and payment solutions providers.