Overview
In the year 2013, TMGM (Trademax Global Markets) was founded and has quickly become a leading broker in the forex and CFD trading industry, with particular emphasis on innovation and customer-centric practices thus far. TMGM provides its clients with service from across the globe.
- Founded
- 2013
Strengths and watchouts
- Tight regulation and extra protections
- Average order execution under 30ms
- Multiple trading tools
- Reliable customer support
- IRESS platform for stock trading
- Limited educational materials
- High inactivity fee
- Withdrawals only via wire transfer
Watchouts are not yet documented for this broker. Review fees, regulation and account terms before opening an account.
Safety and regulation
TMGM operates as per the policies that are ensured by the Australian Securities and Investments Commission (ASIC) and under the New Zealand Financial Markets Authority (FMA). Funds of the customers reside in top-ranked bank accounts and funds of customers remain secure through the provision of additional fund protection.
- ASIC
- VFSC
- FSC
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Forex
- Commodities
- Share CFDs
- Indices
- ETFs
- Cryptocurrencies
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| Edge | Not verified | 0.0 | 1:1 to 1:1000 |
| Classic | Not verified | 1.0 | 1:1 to 1:1000 |
Fees and costs
Competitive spreads in combination with commission-free Raw Spread accounts start at 0.0 pips, while Standard accounts advise traders free of commission fees. For overnight positions, there is a swap fee, which uses the transparent rate disclosures directly with the users. In general, Islamic account types will be operated without swaps. Inactive accounts suffer a small inactivity fee, and this is the custom across various platforms in trading.
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Focused research pages
- RegulationTMGM regulation and safety checks
- Account openingTMGM minimum deposit and account-opening checks
- Minimum depositTMGM minimum deposit and funding threshold checks
- Company backgroundTMGM company background and entity checks
- RatingTMGM rating context and methodology checks
- SafetyTMGM safety, funds protection and entity checks
- Pros and consTMGM pros, cons and trade-off checks
- FeesTMGM fees, minimum deposit and cost checks
- MarketsTMGM markets and product availability checks
- Public reputationTMGM public reviews and reputation checks
Frequently asked questions
Is the broker regulated?
TMGM is indeed regulated by ASIC and FMA to provide a very safe trading atmosphere.
Which trading platforms are available?
TMGM adapts with three trading platforms: MetaTrader 4, MetaTrader 5, and IRESS; besides the previous cycle it delivers mobile trading apps.
What is the minimum deposit one has to make in order to open an account?
The minimum initial deposit stands at $100 as the first step in Standard accounts.
How many accounts are there?
The broker provides for various trading styles using Standard, Raw Spread, cTrader, and Islamic account types.
What is the Cost?
Spreads, commission rates for certain accounts, swap rates, and dormant account inactivity fees are included in the fee list.
How much leverage can I avail myself of?
Depending on the account type and regulation locale guidelines, one can use up to a maximum leverage of 1:500.
Are there demo accounts?
A demo account is used without any loss on your currency with TMGM.
How do I contact customer support?
Customer support in general is available by live chat, phone, and email; most of what you may want to reach service representatives of is attainable here.
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Reader reviews
Olumide
Feb 9, 2025
I encountered significant challenges when setting up my account, which was quite frustrating. Fortunately, after some back-and-forth conversations with the customer support team, particularly Becky, everything was resolved. I would definitely suggest their services to others, and I hope they continue providing such excellent assistance.
Tan Chee Thye
Feb 9, 2025
I appreciate Jaqueline's excellent work and prompt service. Highly recommended!
Helal Mia Nurul Islam
Feb 9, 2025
The customer service is outstanding, and the trading platform is dependable.
Showing 1–3 of 10 reviews