TMGM review

Regulated by

ASIC (AFSL 436416); VFSC (40356); Seychelles FSA (SD224); Mauritius FSC (GB22201012)

Regulator tier

Tier 1

Register entry

ASIC Professional Registers, AFSL 436416

Client money segregated

Yes

Held at

National Australia Bank (NAB)

Negative balance protection

Yes, international entity; Australian clients should contact TMGM if an account becomes negative

Compensation scheme

No statutory investor compensation scheme

Audited by

Independent external auditors

Not available to

United States, Malaysia, Thailand and jurisdictions where services would contravene local laws

A licence is the first thing a fake broker cannot produce, so it is the first thing to check.

TMGM holds a tier-one authorisation from ASIC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (VFSC, FSC and FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

Vanuatu's VFSC is an offshore licence with limited oversight and no compensation scheme. It is often the entity that offers the highest leverage.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Check the licence yourself: ASIC Connect, the Seychelles FSA list of regulated entities, the Mauritius FSC register of licensees.

Legal entity

Trademax Australia Limited

Company number

ABN 76 162 331 311

Headquarters

Sydney, Australia

Founded

2013

Publicly listed

No

Parent company

Trademax Group

Employees

200+

Also trades as

TMGM; Trademax

Deposit methods

Visa, Mastercard, bank transfer, cryptocurrency and regional payment methods

Withdrawal methods

Bank transfer, cards and supported original funding methods

Deposit time

Instant for cards and supported electronic methods; bank transfer approximately 1-4 business days

Withdrawal time

Typically 1-3 business days

Minimum withdrawal

$100

Local payment methods

Local bank transfer and jurisdiction-specific payment methods

Spread from

0.0 pips

EUR/USD spread

Approx. 0.1 pips, EDGE

GBP/USD spread

Approx. 0.3 pips, EDGE

Commission

$3.50 per side / $7 round turn, EDGE

All-in cost, EUR/USD

Approx. 0.8 pips

Spread type

Variable

Overnight swap

Both: overnight swaps may be charged or credited; Islamic account available

Inactivity fee

$10/month after 12 months inactivity

Withdrawal fee

None internally

Currency conversion

Conversion at daily bank rate

Costs matter less than whether you can withdraw, but an offer that looks impossible usually is.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

TMGM lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Minimum deposit

$100

Account types

EDGE, CLASSIC, Islamic/Swap-Free, Demo

Account currencies

USD, AUD, EUR, GBP, NZD, CAD

Islamic account

Yes

Demo account

Yes

Professional account

Yes, jurisdiction-dependent

Minimum trade size

0.01 lots

Time to open

Less than 3 minutes

Markets

Forex, Shares, Indices, Metals, Energies, Commodities, Cryptocurrencies

Currency pairs

60+

Total instruments

1,000+

Crypto CFDs

Yes

Maximum leverage

1:1000

Execution model

ECN

Execution speed

Under 30ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop

Servers

Equinix NY4, New York

Leverage up to 1:1000 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

TMGM covers forex, shares, indices, metals, energies, commodities, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, cryptocurrency and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, TMGM App

Own platform

Yes, TMGM App

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes, MT4/MT5 Expert Advisors and algorithmic trading

Copy trading

Yes

Indicators

30+ MT4; 38+ MT5; custom indicators supported

Third-party tools

MetaTrader 4, MetaTrader 5, Trading Central, VPS

API access

Yes, FIX/API and institutional connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Support hours

24/7

Contact channels

Live chat, email, phone

Languages

Multilingual

Telephone

+61 2 8036 8388

Email

support@tmgm.com

Live chat response

Typically under 2 minutes

Education

Extensive: TMGM Academy, courses, webinars, articles, tutorials, terminology guides and trading FAQs

Research

Market news, market insights, technical/fundamental analysis, trading calculators and analytical tools