TMGM Review 2024

Q: Where is TMGM based?

TMGM is headquartered in Sydney, Australia.

Q: What is the minimum deposit for TMGM?

The minimum deposit requirement with TMGM is $100.

Q: What is TMGM’s maximum leverage?

The maximum leverage for retail traders with TMGM is 1:1000.

Q: Is TMGM suitable for automated trading?

Yes, auto-trading is available via MetaTrader’s Expert Advisors (EAs) feature.

Updated:

Aug 7, 2024

—

by

Baron Lucas

TMGM

Broker :

TMGM

Founded :

2013

Headquarters :

Australian

Trading Desk :

ECN

Regulation

ASIC, VFSC, FMA and FSC Mauritius

Email :

support@tmgm.com

Website :

tmgm.com

VISIT BROKER

Forex margin trading involves substantial risks. 72.12% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

4.3
Brokers Score

Brokers Rating : 4.3

Trust and Safety : 4.5

Commission and Fees : 3.4

Tradable Instruments : 4.0

Customer Support : 4.8

Education : 3.0

Account Types : 3.5

Trading Platforms : 4.3

Deposit and Withdrawals : 4.7

Accounts :

EDGE and Classic Account

Max Leverage :

1:1000

Min Deposits :

USD 100

Base Currencies :

USD, EUR, GBP, AUD, NZD, CAD

Swap Free :

✅

Demo Trade :

✅

Copy Trading :

❌

Commission :

EDGE – $3.5 (round turn$7.0)

Hedging :

✅

Scalping :

✅

Platform :

MT4 , MT5, TMGM App

Regulation :

ASIC, VFSC, FMA and FSC Mauritius

Products :

55+ FX pairs, 15+ Indices, 50+ Shares, 6 Commodities

Language :

English, Portuguese, Spanish, Chinese, Thai, Vietnamese, French, Indonesian, Italian, Malaysian, Korean

Support :

24/7

Address :

Level 28, One International Tower 100 Barangaroo Avenue, 2000 Sydney NSW Australia

Funding Methods :

Headquartered in Australia, TMGM – officially known as Trademax Global Markets – is a forex broker that offers high leverage trading in popular forex pairs and CFDs based on commodities, stock indices, and a very large selection of thousands of single stocks. TMGM offers the standard suite of MetaTrader 4 and 5 along with the IRESS platform for experienced stock traders.

The broker is regulated by Australia’s ASIC for domestic clients, while most international clients will be trading under the offshore branches regulated by VFSC (Vanuatu) and FSC (Mauritius). Update: Since 2023, TMGM has also started operating in New Zealand with license issued by the Financial Markets Authority.

Pros

0.0 Pips Spreads From

< 30 Ms Execution Speed

12,000+ Trading Instruments

100% Segregated Client Funds

Cons

High inactivity fee

Limited educational materials

Regulation Details

TMGM is authorized and regulated in various jurisdictions.

Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.

Trademax Global Limited, trading as TMGM, is authorised and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and is registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.

Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorised and regulated by the Financial Services Commission, Mauritius (FSC) with the licence no. GB22201012, and is registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.

Tradable Instruments

60+ Currency Pairs Based on major and minor world currencies.
12 Indice CFDs Based on baskets of different blue-chip stocks.
3 Metal CFDs Based on Gold, Silver and Platinum.
2 Energy CFDs Based on Crude Oil (WTI, Brent).
5 Soft CFDs Based on Cocoa, Coffee, Cotton, Orange Juice and Sugar.
8900+ Stock CFDs Based on shares of AU, US and HK companies.

Trading Accounts

EDGE Account

Variables Spreads From – 0.0 Pips
Currency Pairs: $7 USD ; Precious Metals: $5 USD ($7USD per round turn)
Min Deposit $100
Min Lot Size 0.01 Lot
Max Leverage 1:1000
Funding Free
Execution Type – ECN
EA Available – Yes
Islamic Account – Yes
Hedging Allowed – Yes

Classic Account

Variables Spreads From – 1.0 Pips
No Commission
Min Deposit $100
Min Lot Size 0.01 Lot
Max Leverage 1:1000
Funding Free
Execution Type – ECN
EA Available – Yes
Islamic Account – Yes
Hedging Allowed – Yes

Deposit and Withdrawals

Fund new account through a variety of payment methods. This includes major payment cards like Visa, MasterCard, and UnionPay, as well as the e-wallet platforms Skrill, Neteller, FasaPay and SticPay. In Australia, the local payment service POLi is also available, while clients from China have the option of using AliPay to fund their trading account.

The recommended minimum amount is $500 USD equivalent, but you can fund with as little as $100 in these currencies: EUR, GBP, USD, AUD, NZD, CAD. Client funds are held in segregated client trust accounts with National Australia Bank (NAB) and are separate from TMGM Accounts. All client money is strictly managed in accordance with client money laws and kept separate from company funds.

FAQs

Where is TMGM based? TMGM is headquartered in Sydney, Australia.

What is the minimum deposit for TMGM? The minimum deposit requirement with TMGM is $100.

What is TMGM’s maximum leverage? The maximum leverage for retail traders with TMGM is 1:1000.

Which platforms does TMGM offer? TMGM offers the standard suite of MetaTrader 4 and 5 along with the IRESS platform for experienced stock traders.

Is TMGM suitable for automated trading? Yes, auto-trading is available via MetaTrader’s Expert Advisors (EAs) feature.