TMGM

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

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.