TMGM
Published: Updated:
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 100
- Trading platforms
- Regulations
- Payment systems
- Instruments
- Forex, Metals, Indices, Commodities, Energies, Stocks, Cryptocurrencies
- Legal entity
- Trademax Australia Limited
- Jurisdiction
- Australia
- Fees
- Classic accounts price the cost into the spread with no commission; Edge accounts quote raw spreads with a per-lot commission. Overnight swaps apply, and swap-free accounts are available on request.
- Withdrawals
- Withdrawals return to the funding method and are normally processed the same business day when requested before the cut-off.
- Available in
Features
- Seminars and training
- Daily market analysis
- Low minimum deposit
- Islamic (swap-free) accounts
- MAM terminal
- Segregated accounts
- ECN accounts
- Scalping allowed
- Spread rebates
- Affiliate program
- Wide range of trading instruments
Pros
- No specific advantages listed.
Cons
- No specific drawbacks listed.
TMGM (Trademax Global Markets) is an Australian-founded broker, established in 2013, run through three separately regulated entities under ASIC, New Zealand's FMA, and Vanuatu's VFSC. It covers 60+ currency pairs, thousands of stocks, indices, metals, commodities, and futures via MT4, MT5, and the stock-focused IRESS platform, which integrates with TradingView. The minimum deposit is $100, with leverage up to 1:500 outside Australia and capped at 1:30 on ASIC-regulated accounts.
TMGM is a multi-regulated forex and CFD broker offering MT4, MT5, and IRESS trading, a $100 minimum deposit, and Islamic accounts alongside seminars and daily market analysis.
TMGM is a multi-regulated broker offering MT4, MT5, and IRESS trading across forex, stocks, indices, metals, commodities, and futures, with a $100 minimum deposit. Below is a breakdown of its regulation, instruments, platforms, account types, and funding options.
Regulation and Fund Safety
TMGM operates through three separately regulated entities:
- Trademax Australia Limited — regulated by the Australian Securities and Investments Commission (ASIC).
- Trademax Global Markets (NZ) Limited — regulated by New Zealand's Financial Markets Authority (FMA).
- Trademax Global Limited — based in Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).
Client funds are held in segregated accounts with first-tier banks, and the group carries civil liability insurance covering errors, fraud, and other risks.
Leverage
As of March 2024, ASIC caps leverage at 1:30 on major currency pairs for TMGM's Australian entity. The Vanuatu-regulated entity offers leverage up to 1:500, which suits traders with a higher risk tolerance.
Trading Instruments
TMGM lists over 60 currency pairs, around 12,000 stocks, 15 stock indices, precious metals, commodities, and futures — a range built for portfolio diversification, with a particular strength in stock access.
Trading Platforms
- MetaTrader 4 (MT4): the standard forex platform, known for its interface and technical analysis tools.
- MetaTrader 5 (MT5): MT4's successor, with additional instruments and features.
- IRESS: a stock-focused platform that integrates with TradingView charts.
Account Types
MT4 and MT5
- EDGE (ECN): spreads from 0 points, $7 commission per lot.
- Classic: commission-free, average spread of 1 point.
IRESS
- Standard: $5,000 minimum deposit, $35 USD / $45 AUD monthly platform fee (waived at 10 monthly transactions), $2.25 commission (minimum $10).
- Premium: $10,000 minimum deposit, platform fee waived subject to monthly transaction conditions, $2 commission.
- Gold: $50,000 minimum deposit, platform fee waived subject to monthly transaction conditions, $1.8 commission.
Minimum Deposit and Funding Methods
The minimum deposit is $100. TMGM accepts international bank transfer, Visa, MasterCard, UnionPay, Skrill, Neteller, FasaPay, POLi (Australia), and AliPay (China).
Key Facts
| Detail | Value |
|---|---|
| Year founded | 2013 |
| Headquarters | Australia |
| Regulation | ASIC, FMA, VFSC |
| Trading platforms | MT4, MT5, IRESS |
| EUR/USD spread | 1 pip |
| Demo account | Available |
| Minimum deposit | $100 |
| Base currencies | USD, EUR, GBP, AUD, NZD, CAD |
| Maximum leverage | 1:500 |
| Islamic accounts | Available |
| Segregated accounts | Yes |
| Scalping | Permitted |
| Automated trading | Supported |
| Mobile and web terminals | Yes |
| VPS | Available |
| Customer support | 24/5 |
Is TMGM Right for You?
TMGM stands out for stock traders, thanks to the IRESS platform's integration with TradingView. Its cryptocurrency offering is limited, so traders whose focus extends beyond stocks and mainstream CFDs may want to compare alternatives before committing.
Trading conditions
TMGM operates an ASIC-regulated Australian entity alongside Vanuatu and New Zealand companies, offering Classic and Edge accounts on MetaTrader 4 and 5 with a TradingView integration.
The Edge account is the raw-spread product with commission and is the one to compare on cost above modest volume.
Terms follow the entity: ASIC clients face 30:1 on major currency pairs with negative balance protection and client money under ASIC client money rules; the New Zealand entity holds client money in a statutory trust; the Vanuatu entity offers far higher leverage with neither protection.
Verification
Verification requires photo ID and proof of address, with an appropriateness assessment where the account sits under a regulated entity. Documents are usually reviewed within one business day.
Confirm which company your client agreement names. Three entities across three regimes of different strength is exactly the case where the marketing footer and the account agreement diverge, and the trading interface gives no indication of the difference.
