TMGM review 2026

Our review is based on broker disclosures, regulatory records, platform research and available user information checked on 26 August 2026.

Is TMGM regulated?

TMGM is connected with 4 recorded regulatory licence or licences. The entity relevant to users in Australia is Trademax Australia Limited, reported as regulated by Australian Securities and Investments Commission under licence number AFSL 436416.

The broker operates through multiple legal entities. The regulator and protections applying to an account depend on which entity accepts the client, not simply on the broker brand displayed.

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.

How safe is TMGM?

The available evidence supports a favourable assessment. Positive factors include a tier-one licence, segregated client money, negative balance protection, audited accounts (Independent external auditors) and 13 years of operating history. Risk factors include no compensation scheme. Regulation can improve oversight and complaint options, but it does not prevent trading losses or guarantee that every dispute will be resolved.

Client money is held separately from the firm's own money, at National Australia Bank (NAB). That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by No statutory investor compensation scheme, which pays eligible clients up to its limit if the firm fails owing client money.

Verify licence with ASIC

Licence information last checked 26 August 2026

TMGM trading conditions

Trading conditions vary by account, platform, legal entity and client classification. The figures below reflect the latest information available to 88 Forex Brokers and should be confirmed before trading.

Spreads and commissions

TMGM advertises spreads from 0.0 pips on EDGE. The stated commission is $3.50 per side / $7 round turn, EDGE. Typical or live pricing may be higher than the advertised minimum, particularly outside liquid trading hours or during volatile markets.

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.

Spread type

Variable

EUR/USD average spread

Approx. 0.1 pips, EDGE

GBP/USD average spread

Approx. 0.3 pips, EDGE

Commission

$3.50 per side / $7 round turn, EDGE

All-in cost, EUR/USD

Approx. 0.8 pips

Leverage and margin

Maximum leverage is reported as 1:1000, although the available limit depends on the account entity, instrument, client classification and local rules. Higher leverage increases both potential gains and losses and can lead to rapid account depletion.

Execution model

TMGM describes its execution model as ECN. The available information indicates an average execution speed of Under 30ms, order types of Market, limit, stop, stop-loss, take-profit, trailing stop and servers in Equinix NY4, New York. Execution labels are not standardised across the industry, so review the order-execution policy and conflict disclosures rather than relying on a single term.

Trading rules

Expert advisers

Yes, MT4/MT5 Expert Advisors and algorithmic trading

Copy trading

Yes

Negative balance protection

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

Scalping, Hedging, Stop-out level and Guaranteed stop loss: the broker does not publish enough information for us to confirm this trading condition.

TMGM account types

TMGM offers 4 reported account types. Compare the minimum deposit, spread model, commission, platform and eligibility before choosing an account.

TMGM runs 4 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, AUD, EUR, GBP, NZD, CAD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

EDGECLASSICIslamic/Swap-FreeDemo

Minimum deposit

$100

Spreads from

0.0 pips

Commission

$3.50 per side / $7 round turn, EDGE

Maximum leverage

1:1000

Platforms

MetaTrader 4, MetaTrader 5, Proprietary platform

Base currencies

USD, AUD, EUR, GBP, NZD, CAD

Available markets

Forex, Metals, Commodities, Indices, Shares, Cryptocurrency CFDs

Minimum trade size

0.01 lots

Account opening time

Less than 3 minutes

Demo account

A demo account is reported as available for testing the platform and practising with virtual funds. Demo pricing and execution may not match live conditions.

Islamic account

An Islamic or swap-free option is reported as available. Alternative charges, holding limits or eligibility conditions may apply.

TMGM fees and trading costs

The total cost of trading can include spreads, commissions, overnight financing, currency conversion, deposit or withdrawal charges and inactivity fees.

Advertised spreads start from 0.0 pips, but typical pricing may be higher.

The reported trading commission is $3.50 per side / $7 round turn, EDGE.

Overnight financing applies to eligible positions at rates that can change.

The broker reports none internally for withdrawals.

An inactivity fee of $10/month applies after 12 months inactivity.

A currency-conversion charge of Conversion at daily bank rate may apply.

Spreads from

0.0 pips

Commission

$3.50 per side / $7 round turn, EDGE

Overnight financing

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

Deposit fee

Not confirmed

Withdrawal fee

None internally

Inactivity fee

$10/month after 12 months inactivity

Currency conversion

Conversion at daily bank rate

Fees can change and may differ by entity, platform, account or payment method. Confirm the full schedule before opening or funding an account.

Trading platforms and apps

TMGM supports MetaTrader 4, MetaTrader 5 and Proprietary platform. Availability can differ by account and legal entity.

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.

MetaTrader 4MetaTrader 5Proprietary platform

Proprietary platform

Yes, TMGM App

Web platform

Yes

Mobile app

Both proprietary and third-party

Charting

30+ MT4; 38+ MT5; custom indicators supported

Third-party tools

MetaTrader 4, MetaTrader 5, Trading Central, VPS

Server locations

Equinix NY4, New York

Automated and copy trading

The broker reports support for expert advisers and automated strategies, copy trading and API access. Automated strategies can fail, amplify losses or behave differently under changing market conditions.

The platform range is broad. Its main advantage is support for MetaTrader 4; the principal limitation is the absence of cTrader and TradingView.

Markets available through TMGM

The broker reports access to 1,000+ instruments across forex, metals, commodities, indices, shares and cryptocurrency CFDs. Product availability depends on the account entity and platform.

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.

The product range is strongest for forex, metals and commodities.

ForexMetalsCommoditiesIndicesSharesCryptocurrency CFDs

Markets, as published

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

Total instruments

1,000+

Currency pairs

60+

Cryptocurrency CFDs

Yes

CFDs do not provide ownership of the underlying asset. Product terms, leverage and trading hours vary by market.

Deposits and withdrawals

Available funding methods include Visa, Mastercard, bank transfer, cryptocurrency and regional payment methods. Processing times, limits, fees and availability vary by country, currency and account entity.

Withdrawals are stated at Typically 1-3 business days, against Instant for cards and supported electronic methods; bank transfer approximately 1-4 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, cards and supported original funding methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $100 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Identity, payment ownership and source-of-funds checks may be required before a withdrawal is processed.

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

Deposit fee

Not confirmed

Withdrawal fee

None internally

Minimum withdrawal

$100

Local payment methods

Local bank transfer and jurisdiction-specific payment methods

View withdrawal complaints about TMGM

Use a payment method held in your own name. The broker may reject third-party payments or require withdrawals to follow the original funding route.

Customer support

TMGM provides support through Live chat, email, phone during 24/7. Supported languages include Multilingual.

Support runs 24/7. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, phone. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: tmgm academy, courses, webinars, articles, tutorials, terminology guides and trading faqs. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Support channels

Live chat, email, phone

Support hours

24/7

Languages

Multilingual

Telephone

+61 2 8036 8388

Email

support@tmgm.com

Live chat response

Typically under 2 minutes

Research and market analysis

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

Education

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

Is TMGM a good broker?

Your decision should reflect your country, experience, preferred platform, trading costs and tolerance for financial and counterparty risk.

TMGM is best considered by

• Traders who want a tier-one licence behind the account
• Traders who want raw spreads with a commission
• Traders who want copy trading
• Traders who want automated strategies
• Traders who want MetaTrader
• Traders who want high leverage

Consider another broker if

• You require a compensation scheme

Compare TMGM with other brokersView regulationRead user reviewsRead complaints