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Regarding the legitimacy of TMGM forex brokers, it provides a comprehensive investigation into the security aspects of regulatory ASIC,VFSC, and WikiBit, as well as whether there are any negative scam reviews.

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WikiFX Detection

Software Index

Full License

Risk Control

Risk Manage

Is TMGM safe?

The regulatory license is the strongest proof.

MM

ASIC Market Making(MM)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    Trademax Australia Limited Trademax Australia Limited
  • Effective Date: Change Record

    2013-05-21
  • Email Address of Licensed Institution:

    compliance@tmgm.com.au
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    'L28 ONE INTERNATIONAL TOWERS TOWER 1' 100 BARANGAROO AVE BARANGAROO NSW 2000 AUSTRALIA
  • Phone Number of Licensed Institution:

    0280368388
  • Licensed Institution Certified Documents:

11 name
Retail FX

VFSC Retail Forex License

Vanuatu Financial Services Commission

Vanuatu Financial Services Commission

Regulatory Agencies Introduction
  • Current Status:

    Offshore Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    Trademax Global Limited Trademax Global Limited
  • Effective Date:

    2022-12-22
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    --
  • Phone Number of Licensed Institution:

    --
  • Licensed Institution Certified Documents:

11 name

Is TMGM a scam, or is it legit?

The latest exposure and evaluation content of TMGM brokers.

Unable to Close Positions Resulting in a Loss of $1910
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.
Withdrawals are directly frozen by the police judicially.
I work on this platform, not only is the server slow, but also a withdrawal was frozen by the police this year. They said that the money was transferred to me by people involved in gambling. This black platform finds criminals to withdraw money for everyone. I hope the remaining money can be released soon. Please stop working on this platform and find another good platform.
Withdrawals from the platform resulted in restrictions on my bank card, and the platform has not responded to handle the issue.
On February 8, 2025, I requested a withdrawal of 656.3 USD, which was credited as 4740 RMB to my bank card on February 10, 2025. Shortly after, I received a notice from the bank about a limit being placed on my account. When I went to the bank counter, they indicated that there was an issue with the 4740 RMB transaction and required the contact number of the sender for verification. I contacted online customer service and sent an email explaining that I needed assistance from the platform, but they have not contacted me to address the issue.
Deceive me to deposit and constantly liquidate my position. Fraud platform
The fraudulent platform tricked me into depositing money many times, adding me on WeChat, saying that I would make money from foreign exchange. I made a little bit of money in the front, and then I was asked to add more money to my full position and lose money many times. Every time I had insufficient funds, I was asked to add funds. I have deposited a total of 525.28 million US dollars and directly lost 43,864 US dollars. My balance is only 3,164. Hundreds of thousands. All at once. Let me how to do ah. There are also inexplicably many times that the lock cannot be locked, and sometimes the official website cannot open a series of them. I hope I can recover my losses. The real liar has been tricking me into opening positions and saying that they will make money until the end, and they have been making me add funds. I don't know what to do.
Could you please tell me if your company can give me an explanation? It caused the liquidation of the position. I have been dealing with it for a week and there is no answer.
The liquidated capital is 1000. There has been no reply since last week.
Account 11022415, principal of $10,000 USD, profit of $10,000 USD, has frozen both my account and the backend, unable to withdraw funds.
I, Zhu Jianli, account number 11022415, traded with TMGM in March this year, with a principal of 10,000 and a profit of about 10,000 US dollars. They have frozen my account and have not allowed me to withdraw funds. 1. At the beginning, they asked me to upload a photo of my ID card. 2. They asked me to upload a notarized proof of residence. 3. They asked me to upload a notarized copy of my passport. 4. They asked me to upload bank card transfer records. 5. They asked me to upload wallet transfer records. I followed their requirements step by step. Now they are asking me to provide trading strategies and explanations. Are there any strategies and explanations for making money in this trade? It's been dragging on and they haven't allowed me to withdraw funds. Please help me resolve this issue.
Caused me to liquidate my position
Deposit 1,000 principal in your company. As a result, I couldn't close the position when I made a profit in trading. And my position was liquidated.
TMGM used fraudulent funds for my withdrawal, resulting in the freezing of my bank account and the forced seizure of funds.
TMGM used fraudulent funds for my withdrawal, resulting in the freezing of my bank account and the forced seizure of funds by judicial authorities. TMGM must return my hard-earned money.
TMGM's latest industry rating score is 7.48, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. TMGM If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.