TMGM Forex broker specializes in providing foreign exchange trading services, the company's official website https://portal.tmgm.com/register, the company's legitimate regulatory information AustraliaASICMarket Making(MM),VanuatuVFSCRetail Forex License, to enhance the security of the company's address Level 28, One International Tower 100 Barangaroo Avenue, 2000 Sydney NSW Australia.
TMGM Forex Broker
Basic information
Australia
10-15 years Regulated in Australia Regulated in Vanuatu Market Making(MM) Retail Forex License MT4 Full License MT5 Full License Global Business High potential risk Offshore RegulatedCompany profile
Let's start here：
TMGM appears to a respected forex broker, presenting access to 12,000 spanadbale instruments spanning forex, CFDs and cryptocurrencies. Traders can enjoy competitive spreads across various instruments, exemplified by the EUR/USD currency pair with an average spread of around 0.1 pips. Besides, TMGM extends a diverse set of trading platforms, notably including MetaTrader 4 and MetaTrader 5. Morever, TMGM enriches the trading journey with rich educational resources and trading tools. Lastly, 24/7 multilingual customer support stands ready. However, the question remains: Does TMGM truly live up to its claims? Let's explore more.
TMGM Information
Founded in 2013 and headquartered in Sydney, Australia, TMGM is an online ECN/STP broker. Notably, in 2016, TMGM introduced its MetaTrader 5 platform. Subsequently, the company achieved FCA membership in the UK during 2017. The year 2019 witnessed the launch of TMGM's mobile trading app, further enhancing accessibility. By 2021, TMGM's reach expanded to encompass over 200 countries worldwide.
Offering a diverse array of 12,000 trading instruments spanning forex, indices, metals, energies, shares, and cryptos, TMGM caters to traders through popular platforms including MT4 and MT5.
Pros & Cons
| Pros | Cons |
| • ASIC regulation | • No US clients accepted |
| • Competitive spreads and low commissions | |
| • 12,000 trading instruments | |
| • MT4 and MT5 platforms offered | |
| • 24/7 multilingual cutsomer support | |
| • Multiple account types with flexible options | |
| • Rich educational resources |
Is TMGM Legit?
TMGM, a regulated broker, holds authorization from the tier-one regulator ASIC. Additionally, TMGM's international operations are overseen by the VFSC in Vanuatu offshore. Now, let's quickly delve into TMGM's regulations and licenses, which will shed light on how the broker ensures compliance with industry standards and protects clients.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| ASIC | Regulated | TRADEMAX AUSTRALIA LIMITED | Market Making(MM) | 436416 | |
| VFSC | Offshore Regulated | Trademax Global Limited | Retail Forex License | 40356 |
Under the oversight of ASIC, a prominent tier-1 regulatory authority, TMGM's Australian branch known as TRADEMAX AUSTRALIA LIMITED operates with regulatory number 436416. This entity is licensed for Market Making (MM). As per the stringent rules set by ASIC, which is globally recognized, brokers must ensure the safety of clients' funds.
Since TMGM claims to obtain the ASIC license, an investigation team from WikiFX visited the company's registered address in Australia. This visit, conducted in person, revealed that the company is operating smoothly and on a large scale. This direct observation by the investigator enhances our confidence in TMGM's legitimacy and highlights its strong and credible operations under ASIC's regulation.
TMGM's international branch, Trademax Global Limited, operates under the offshore regulation and authorization ofVFSC, holding a license for retail forex activities.
Market Instruments
TMGM goes above and beyond by offering an impressive collection of 12,000 trading instruments, setting it apart as a broker with an exceptional range of options, covering 60+ currency pairs, indices, and stocks sourced from major global exchanges. Moreover, TMGM extends its offerings to include energies, as well as sought-after precious metals like gold and silver. Adding to the mix are energies such as oil and natural gas, not to mention a selection of 10 cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
| Trading Assets | Available |
| Forex | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Shares | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
TMGM offers three account types, including Standard, Pro, and ECN, with minimum deposit requirement of 100 USD. Islamic account and demo account are both avaiable for these three live account types.
| Account Type | Standard | Pro | ECN |
| Min Deposit | $100 | ||
| Min Lot Size | 0.01 lot | ||
| Max Leverage | 1:1000 | ||
| Margin Call Level | 40% | ||
| Spread | From 1.6 pips | From 0.7 pips | From 0.0 pips |
| Commission | ❌ | ❌ | $7 for currency pairs, $5 for precious metals |
| EA | ✔ | ||
| Scalping | ✔ | ||
| News Trading | ✔ | ||
| Islamic Account | ✔ | ||
| Demo Account | ✔ | ||
Leverage
TMGM offers quite a high trading leverage up to 1:1000 on all account types.
Here's a table comparing leverage provided by major industry players. Notably, TMGM offers relatively higher leverage, though it appears somewhat more cautious compared to the other three competitors. However, users should remember that high leverage is a two-edged tool with potential risks.
| Broker | Max Leverage |
| 1:1000 | |
| 1:Unlimited | |
| 1:2000 | |
| 1:500 |
Spreads & Commissions
TMGM offers competitive spreads and commissions on their trading instruments. The exact spreads and commissions vary depending on the account type. Found detailed info in the table below:
| Account Type | Standard | Pro | ECN |
| Spread | From 1.6 pips | From 0.7 pips | From 0.0 pips |
| Commission | ❌ | ❌ | $7 for currency pairs, $5 for precious metals |
Generally, TMGM offers tight spreads on major forex pairs such as EUR/USD, with spreads as low as 0.0 pips. Commissions may be charged on some trading instruments, such as shares and futures. However, these commissions are generally competitive compared to other brokers in the industry.
Trading Platforms
TMGM offers popular trading platforms for their clients: MetaTrader4 (MT4), MetaTrader5 (MT5), and TMGM App.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | iOS, Android, Windows | Beginners |
| MT5 | ✔ | iOS, Android, Windows | Experienced traders |
| TMGM App | ✔ | Mobile, PC | / |
Deposits & Withdrawals
TMGM minimum deposit vs other brokers
| TMGM | Most Other | |
| Minimum Deposit | $100 | $100 |
The minimum deposit and withdrawal amount is both $100. Depositing doesn't cost anything, but the time it takes and the currency options depend on your chosen payment method. Be aware, though, that some deposit methods like Union Pay, FasaPay, Visa, and MasterCard can't be used for withdrawals.
| Payment Options | Currencies | Min Deposit | Min Withdrawal | Fees | Deposit Time | Withdrawal Time |
| NZD, USD, AUD, EUR, CAD | $100 | $100 | ❌ | 1-3 Working Day | 1 Working Day | |
| USD | Instant | |||||
| NZD | / | 1 Working Day | / | |||
| USD | $100 | Instant | 1 Working Day | |||
| USD, EUR, GBP, AUD, NZD, CAD | 1 Working Day | |||||
| CNY | / | Instant | / | |||
| $100 | 1 Working Day | |||||
| USD | / | / | ||||
| USD, EUR, GBP, AUD, NZD, CAD | 3 Working Days | |||||
| MYR, THB, IDR, VND | $100 | Instant | ||||
| USD, EUR, GBP, AUD, NZD, CAD | / | |||||
Customer Support
TMGM offers 24/7 customer support through multiple channels including live chat, phone, email, and social media (YouTube, Twitter, Facebook, Instagram and LinkedIn).
| Contact Channels | Details |
| 24/7 live chat | |
| Tel: +612 8036 8388 | |
| Email: support@tmgm.com | |
| Sydney office, Melbourne Office, Adelaide Office, Canberra Office, Auckland Office | |
| https://www.facebook.com/TMGMgroup | |
| https://www.instagram.com/tmgmgroup/ | |
| https://www.youtube.com/tmgmgroup | |
| https://x.com/TMGMgroup | |
| https://www.linkedin.com/company/tmgmgroup |
Frequently Asked Questions (FAQs)
Is TMGM regulated?
Yes. It is regulated by ASIC and VFSC (offshore).
At TMGM, are there any regional restrictions for traders?
Yes. Products and Services offered on their website are not intended for residents of the United States.
Does TMGM offer demo accounts?
Yes.
Does TMGM offer the industry-standard MT4 & MT5?
Yes. Both MT4 and MT5 are available.
What is the minimum deposit for TMGM?
The minimum initial deposit at TMGM to open an account is $100.
Rating Index
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Latest Reviews
是吗是吗是吗
Japan
This feels a bit faster than other software and there have been no cases of money swallowing. I recommend this one.
Positive
02-19
FX3684703261
United States
Currently, I feel it's still okay. There hasn't been any behavior of embezzlement 💰. I can still observe it for a while.
Positive
02-19
羊羊2425
United States
On February 24, 2025, Monday, from 23:38 to 23:42, the MT5 software froze completely during a time with no major data releases or abnormal market fluctuations. This freeze prevented me from closing my positions. Consequently, at 23:47, the price was stuck at 2944, with no visible market data fluctuations. I suffered significant losses as I was unable to close my positions when the price was at 2936 around 23:40. My account was showing a profit of $3000, but when I attempted to close the positions, the price jumped to 2940!!! I demand compensation for my account due to your server issues. My internet connection was fine and it wasn't just me experiencing these issues. The compensation calculation is as follows: (2939.82 - 2936) = 3.82 * 5 lots = 19.1 * 100 = $1910. You claim that this situation is normal; however, if I had chosen to close all positions normally, then there wouldn't be two open short positions at 2936. Attached are screenshots for your reference.
Exposure
02-25