TMGM Review 2024


This article will analyze TMGM in detail to help investors make informed decisions about whether the broker is trustworthy.

What is TMGM?

TMGM is an ECN/STP broker founded in 2013, headquartered in Sydney, Australia. As a well-known trading platform, TMGM offers over 12,000 forex, CFD, and cryptocurrency trading options, providing excellent trading conditions for both novice and experienced traders. In order to provide traders with a comprehensive trading experience, TMGM is also committed to offering extensive educational resources and training courses. Additionally, TMGM is known for its 24/7 multilingual customer support, ensuring that traders can receive professional and timely assistance at all times. No matter where you are or what your language preference may be, TMGM is always closely connected to you and provides you with an outstanding customer experience.

While TMGM's commitment is certainly fascinating, we still need to delve further to determine whether they can truly fulfill all of their promises. Let's take a deeper look at TMGM.

Is TMGM Legal? Does TMGM Have Relevant Regulatory Licenses?

TMGM (Trademax Global Markets), which consists of the following major entities:

  1. Trademax Australia Limited: Regulated by the Australian Securities and Investments Commission (ASIC), financial services license number 436416, registered address in Sydney, Australia.
  2. Trademax Global Markets (NZ) Limited: holds a financial derivatives issuance license issued by the New Zealand Financial Markets Authority (FMA), FSP No. 569807, with its registered address in Auckland, New Zealand.
  3. Trademax Global Limited: Supervised by the Vanuatu Financial Services Commission (VFSC), the financial license number is 40356, and the registered address is in Vanuatu.
  4. Trademax Global Markets (International) Pty Ltd: Regulated by the Mauritius Financial Services Commission, license number is GB22201012, registered address in Mauritius.

TMGM possesses top-tier regulatory authorizations from the Australian Securities and Investments Commission (ASIC) and is also licensed by the New Zealand Financial Markets Authority (FMA). Additionally, TMGM has expanded its international business in the offshore region of Vanuatu, under the supervision of the Vanuatu Financial Services Commission (VFSC). These regulatory certifications demonstrate TMGM's commitment and strength in compliance within the financial industry.

The Australian Securities and Investments Commission (ASIC), an independent regulatory body under the Australian federal government, is responsible for overseeing the behavior of financial markets and financial service providers in Australia. With a broad scope of regulatory powers, including establishing regulations, enforcement, investigation, and implementing penalties, ASIC aims to maintain the stability, fairness, and transparency of the financial system while protecting consumer interests.

The New Zealand Financial Markets Authority (FMA), a government agency responsible for regulating New Zealand's financial markets and the behavior of financial service providers, is committed to maintaining the stability, fairness, and transparency of financial markets, as well as protecting investor interests. The FMA’s regulatory functions span various sectors, including securities, futures, forex, bonds, funds, insurance, and banking services. Forex brokers holding an FMA license are required to adhere to its regulations and standards, ensuring the safety of client funds and the transparency and stability of trading platforms. Overall, the FMA provides regulatory protection for investors, ensuring the robust development of New Zealand's financial markets and fostering economic growth.

The Vanuatu Financial Services Commission (VFSC) is an independent offshore regulatory body based in Vanuatu, responsible for regulating company registrations and operations in Vanuatu to ensure compliance with international regulatory standards and best practices. VFSC's objectives include issuing licenses, approving company listings, managing company registration, and supervising compliance. Through regulation, VFSC aims to promote the development of the financial services industry and provide safety and protection for investors.

These regulatory bodies are vital for forex brokers, offering regulatory protection for traders and ensuring that companies comply with industry regulations and standards. Their role includes ensuring companies have sufficient capital, maintaining the safety of client funds, regulating the stability and transparency of trading platforms, overseeing market behavior of companies, and handling complaints and disputes. Therefore, choosing a regulated forex broker can enhance traders' confidence and security, and help reduce misconduct and trading risks.





What are TMGM’s Market Trading Products:

TMGM offers over 12,000 trading instruments, including 60 currency pairs, indices, and stocks, making it a broker with excellent trading options while obtaining diversified assets from major global exchanges. Additionally, TMGM has expanded its services to the futures market, covering popular precious metals markets such as gold and silver. Its services also include energy markets such as oil and gas.







Account Types Provided by TMGM:

To cater to different trading platforms, TMGM offers multiple account types. Users who use the MetaTrader 4 trading platform can choose between EDGE and CLASSIC accounts, while users who use the IRESS trading platform can choose from STANDARD, PREMIUM, and GOLD accounts. Additionally, TMGM also offers various options such as no overnight holding fees account and demo account to meet the needs of different investors for account types.

MetaTrader 4 account:

  • EDGE and CLASSIC accounts
  • Minimum deposit: $100

Both accounts are suitable for most regular traders。

IRESS account:

  • STANDARD account minimum deposit: $5,000
  • Minimum deposit for PREMIUM account: USD 10,000
  • GOLD account minimum deposit: $50,000

Standard accounts pay a monthly platform fee of $35 or AU$45, while premium account holders have free access to the platform. All account types are subject to data fees for each exchange used.

No Overnight Holding Fee Account:

  • Applicable to people who are unable to pay or receive interest due to religious beliefs
  • You need to open an EDGE account first, minimum deposit: $100, minimum trading volume: 0.01 lots

Demo account:

  • Provide simulated trading accounts for those who want to test the waters
  • Ability to test a broker’s services before risking real money
  • Provide opportunities to learn TMGM and prepare for real investment accounts

MetaTrader 4 demo account:

  • Period of use: one full year
  • Access will be terminated after 6 months of inactivity.
  • Available in virtual currency balances of $5,000, $10,000 or $50,000.


Leverage Provided by TMGM:

TMGM offers fairly high trading leverage for all account types, up to 1:500.

  • Forex products allow trading with a maximum leverage of 1:500
  • Index and energy trading can use leverage up to 1:100
  • Precious metals trading can use up to 400 times leverage

It should be noted that while high leverage can increase profit potential, it also comes with inherent risks and challenges. Therefore, when using high levels of leverage, investors need to be cautious and control their risks. Additionally, the appropriate leverage ratio should be chosen based on individual investment objectives and experience levels.

Spreads and Commissions Offered by TMGM:

TMGM offers traders a variety of choices with its competitive spreads and commissions. The specific spread and commission standards vary depending on the account type and the trading platform selected. Here are the details:

MetaTrader 4 account:

  • CLASSIC account:
  1. Spread: starts from 1.0 pips
  2. Commission: None
  • EDGE account:
  1. Spread: starts from 0.0 pips
  2. Commission: USD 7 per lot (full transaction)

In general, TMGM offers highly competitive spreads, with a minimum of 0.0 pips, on major forex currency pairs such as EUR/USD. For certain trading instruments such as stocks and futures, commissions may be required, but TMGM's commission levels remain highly competitive compared to other brokers in the industry.

Trading Platform Provided by TMGM:

TMGM provides investors with three popular trading platforms: MetaTrader4 (MT4), IRESS and HUBx.

MetaTrader4 (MT4):

  • MT4 is a high-profile and widely used platform that provides traders with advanced charting tools, technical analysis indicators and customizable trading robots.
  • Supports a variety of order types and execution modes, providing traders with a high degree of flexibility and efficiency.


  • IRESS is a more complex and feature-rich platform designed for experienced traders.
  • Provides advanced order management, risk management and portfolio analysis tools, as well as advanced charting and technical analysis capabilities.


HUBx is a customized trading platform offered by TMGM (Trademax Global Markets), specifically designed for fund managers and their clients. The platform is renowned for its advanced and futuristic functionalities, significantly enhancing the efficiency and convenience of managing client portfolios and risk allocations. Key features include:

  • Advanced portfolio adjustment tools: Provide customers with intuitive and comprehensive control over their investments.
  • Unified Dashboard: Provides a comprehensive unified dashboard that allows fund managers to monitor all accounts and important statistics such as client names, allocation ratios and net worth.
  • Advanced controls, simple interface: Provides advanced portfolio management controls, allowing customers to easily monitor and manage positions and make risk allocation adjustments.
  • Smart Logging and Recording: Tracks all important trading information, providing clients with a transparent environment to monitor their trading performance.

Please note: Currently, TMGM does not offer MetaTrader5. According to an announcement on the TMGM website, this popular trading platform will be launched soon.







TMGM Deposit and Withdrawal Methods:

The minimum deposit and withdrawal amounts for TMGM are $100 each. Deposits are free of charge, but the processing time and currency options depend on the chosen payment method. Please note that some deposit methods, such as Union Pay, FasaPay, Visa, and MasterCard, do not support withdrawal transactions.


TMGM Contact Information:

Below are the contact details for TMGM support:

  1. Telephone
  2. fax
  3. mail
  4. Facebook
  5. Office physical address

Educational resources of TMGM:

TMGM offers an educational resource called TMGM Academy, a learning platform specifically designed for traders. The academy's content is clearly structured into three stages: beginner, intermediate, and advanced, aimed at helping traders develop comprehensively from basic knowledge to advanced trading skills. In addition, TMGM also provides daily fundamental analysis, as well as various trading tools and market analysis resources to support traders' decision-making.

In the beginner course, you will learn the basics of forex trading, including the principles of margin trading, interpreting various charts, and using trading tools. The course also covers oscillators, the basics of technical analysis, and the ability to identify support and resistance levels.

The intermediate course focuses on the technical aspects of forex trading, including the application of key indicators like MACD, RSI, ATR, and moving averages. At this stage, students will also learn about Fibonacci sequences and fundamental analysis, and explore how to effectively utilize these tools in actual trading.

The advanced course is aimed at in-depth discussions on trading strategies, teaching participants how to master and apply these strategies. Content at this stage includes the use of advanced Fibonacci techniques, a deeper understanding of the RSI indicator, analysis of market correlations, and advanced trade management skills.

User Reviews of TMGM:

These user reviews of TMGM showcase diverse opinions about the trading platform. Some users have mentioned improvements in the platform's server stability but noted the presence of slippage issues, including both positive and negative slippage. There are users who express satisfaction with the platform's credibility and rapid withdrawal speed, with customer service also receiving positive feedback. Other reviews highlight unstable MT4 servers, advising against their use. Additionally, users have spoken about good liquidity and the quality of trade execution, as well as the platform's efficiency in resolving issues. However, there are also users who have expressed dissatisfaction with the platform's processing speed and connection issues, leading to financial losses. Overall, the feedback from users is mixed, indicating areas where the platform could improve its performance.


Pros and Cons of TMGM:


  1. Offers over 12,000 trading products including Forex, CFDs and Cryptocurrencies.
  2. There are suitable trading conditions for both novice and experienced traders.
  3. Extensive educational resources and training courses.
  4. 24/7 multilingual customer support.


  1. Users reported stability issues with the MT4 server.
  2. Processing speed and connection issues exist, affecting the trading experience.
  3. Users have different opinions on the issue of platform slippage.
  4. User feedback shows that TMGM is recognized for providing diverse trading options and high-quality customer service, but there are also some technical stability and efficiency issues that need improvement.

To sum up, TMGM is currently listed as "Active" on Traderknows。


  • Q: Is TMGM a legit broker?

A:TMGM is a legitimate broker. The broker holds a financial services license (AFSL) in Australia and is regulated by the Australian Securities and Investments Commission (ASIC).

  • Q:What countries is TMGM in?

A:TMGM operates in many countries, including but not limited to Australia, China, New Zealand, Thailand, Indonesia, Malaysia, Philippines, Vietnam, South Korea and Japan.

  • Q:Who is the CEO of TMGM?

A:As of December 26, 2023, Lee Yu is the Chief Executive Officer of TMGM.

  • Q:What is the minimum deposit for TMGM broker?

A: The minimum deposit amount for TMGM is $100.




Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End


Contract for Difference (CFD)

Contract for Difference (CFD) refers to a financial derivative in which investors and counterparties engage in speculative or hedging transactions by exchanging the price difference of a commodity. Importantly, this occurs without the need to physically own or trade the underlying asset.


Related News

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.


Contact Us

Social Media