Aussie FX broker TMGM sponsors Chelsea FC

abdelaziz Fathi

TMGM, or Trademax Global Markets, has struck up a multi-year sponsorship deal with the Premier League club, Chelsea FC, which runs from the current 2023/2024 season.

The deal includes the West London club’s ‘Official Regional Online Forex and Trading Partner in Asia Pacific’ status for TMGM.

The partnership holds immense potential due to Chelsea FC’s massive fanbase in the Asia Pacific region. With official websites and social media platforms available in various Asian languages, the football club established a regional office in Singapore to cater to its supporters and partners, including TMGM.

TMGM is a multi-regulated, Australia-based global forex broker founded in 2013. The company has several branches and is regulated by the Australian Securities and Investment Commission (ASIC), the New Zealand Financial Markets Authority (FMA) and the Vanuatu Financial Services Commission (VFSC). While primarily a MetaTrader 4 broker, TMGM also offers its exclusive IRESS platform.

Chelsea FC, Chief Executive, Chris Jurasek, said, “We are delighted to welcome TMGM as our Official Regional Online Forex and Trading Partner. This new relationship aligns our shared commitment to innovation and we look forward to building this partnership and introducing TMGM’s impressive online trading services to our fans.”

TMGM, Chief Commercial Officer, Nick Yang, said, “We are excited to bring our trading expertise to Chelsea FC’s fan base and to reach out and engage with them, giving them the opportunity to understand the world of online trading. Together, we will explore synergies, create shared experiences for our communities and hopefully make a lasting impact. With our shared vision of excellence, innovation, and empowerment, we look forward to a successful and fruitful partnership with the Pride of London.”

TMGM will take advantage of advertising opportunities across the club’s various communications channels as well as engaging with both the club’s supporters and sponsors.

The full financial terms were not officially disclosed, but according to some industry estimates TMGM is set to pay six figures a year for such a luxury. Sports partnerships stretching into $10 million are no longer a surprise and more of an expectancy at the top clubs.

Chelsea Football Club is currently seeking a shirt sponsor deal worth £25 million, which will also include their women’s team as part of the package. The club recently unveiled their new kit for the 2023-24 season without a commercial partner, making them the first of the ‘Big Six’ Premier League clubs to do so.

TMGM has been an Approved Broker Member of the Financial Commission since September 2022. The addition of TMGM to the FinCom’s member roster provides the company’s clients with access to a wide range of services and membership benefits including, but not limited to, protection for up to €20,000 per the submitted complaint.

Read this next

Digital Assets

Bybit exits UK market ahead of regulatory changes

Bybit is suspending its cryptocurrency services for users in the United Kingdom due to impending regulations from the country’s Financial Conduct Authority (FCA).

Digital Assets

Binance argues SEC trampled authority set by Congress

Binance, Binance.US, and Changpeng Zhao have jointly filed to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.

Uncategorized

Oscar Asly replaces Rasha Gad as CEO of M4Markets Dubai

Seychelles-regulated brokerage firm M4Markets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Retail FX

Capital Index UK reports mitigated loss despite revenue drop

FCA-regulated brokerage firm Capital Index (UK) Limited has released its annual financial report for the year 2022.

Digital Assets

Mike Novogratz’s Galaxy Digital expands in Europe

Galaxy Digital, the New York-based cryptocurrency financial services company founded by Mike Novogratz, is expanding its presence in Europe by appointing Leon Marshall as its first European CEO.

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.

<