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TMGM Review

Edited by: Louis Schoeman

TMGM Review


Overall, TMGM review can be summarised as a trustworthy and well-regarded entity within the online financial trading arena. In 2020, They were awarded Best Forex Broker by World Finance magazine. They have a trust score of 79 out of 99.


🔍 Broker🥇 TMGM
💵 Minimum Deposit100 USD
4️⃣ Ease of use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here


TMGM Review


TMGM Review – Analysis of Brokers’s Main Features


  1. ☑️Overview
  2. ☑️Detailed Summary
  3. ☑️Security Measures
  4. ☑️Account Types
  5. ☑️How To Open an TMGM Account
  6. ☑️Trading Platforms and Software
  7. ☑️Fees, Spreads and Commissions
  8. ☑️Which Markets can you trade with TMGM?
  9. ☑️Leverage and Margin
  10. ☑️Deposits and Withdrawals
  11. ☑️Educational Resources
  12. ☑️Pros and Cons
  13. ☑️In Conclusions
  14. ☑️Frequently asked Questions



Overall, TMGM is considered an average risk, with an overall Trust Score of 79 out of 100. They are licensed by two Tier-1 Regulators (highly trusted), zero Tier-2 Regulators (trusted), zero Tier-3 Regulators (average risk), and one Tier-4 Regulator (high risk).


They offer five retail trading accounts: Classic, Edge, IRESS Standard, IRESS Premium, and IRESS Gold Account.


TMGM Overview


Detailed Summary

TradeMax Global Markets is a forex and CFD broker founded in 2013 by experienced traders who wanted to improve existing platforms.


Currently overseen by the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority of New Zealand (FMA), They offer a variety of trading products, including forex and CFDs on indices, stocks, commodities, and cryptocurrency.


The company is known for its tight spreads, rapid execution, and extensive liquidity. In 2020, TMGM was awarded Best Forex Broker by World Finance magazine. Today, they are a multinational corporation that provides the best trading experience.


At a Glance

🔍 Broker🥇 TMGM
🔢Established Year2013
⌛Regulation and LicensesASIC, FMA, VFSC
4️⃣ Ease of Use Rating4/5
⏰Support Hours24/7
📊Trading PlatformsMetaTrader 4, MetaTrader 5, IRESS, HUBx
🗂️Account TypesClassic, Edge, IRESS Standard, IRESS Premium, IRESS Gold
💴Base CurrenciesUSD, EUR, GBP, AUD, NZD, CAD
📝SpreadsFrom 0.0 pips
📈LeverageUp to 1:1000
💷Currency Pairs55; major, minor, and exotic pairs
💵Minimum Deposit100 USD
💸Inactivity Fee✅ Yes, 30 USD after 6 months of inactivity
🗣️Website LanguagesEnglish, Chinese (Traditional), Chinese (Simplified), Portuguese, Spanish, Thai, Vietnamese, Filipino, French, Indonesian, Italian, Malay, Korean
💶Fees and CommissionsSpreads from 0.0 pips, commissions from $7
🤝Affiliate Program✅ Yes
❌Banned CountriesThe United States
➡️Scalping✅ Yes
👉Hedging✅ Yes
🛢️Trading InstrumentsForex, metals, shares, energies, crypto CFDs, indices
🚀 Open an Account👉 Click Here


How many global offices does TMGM have?

Thay have worldwide operations in major areas such as Australia, Vanuatu, and New Zealand to serve a diversified client base.


Can traders from the United States open an account with TMGM?

No, their geographical constraints preclude it from allowing traders from the United States.


Detailed Summary


Security Measures

TMGM is committed to protecting its clients’ assets and data through a comprehensive strategy. This includes segregating client funds, adhering to regulatory agencies like ASIC and FMA, and being a member of a compensation fund.


This ensures financial transparency and ethical business practices. This broker also uses strong encryption methods on its trading platforms and websites, using SSL certificates to protect sensitive information.


Furthermore, their detailed privacy policy and risk warnings demonstrate its commitment to educating clients about potential risks and protecting their investments. These strategies represent their proactive approach to risk management and client money safety.


Does TMGM offer any compensation scheme to its clients?

Yes, they are a member of a compensation fund that provides financial protection to customers in specific circumstances, providing an additional degree of security.


Does TMGM implement any measures to protect clients from negative balances?

Yes, they provide negative balance protection, which ensures that clients do not lose more money than they put into their trading accounts.


TMGM Security Measures


Account Types

🔍Account Type🥇Classic🥈Edge🥉IRESS Standard🏅IRESS Premium🎖️IRESS Gold
⌚AvailabilityAll; ideal for beginnersAll; ideal for ScalpersAll; ideal for casual tradersAll; ideal for more experienced traders and investorsIdeal for professionals
💵CommissionsNone; only the spread is chargedNone; only the spread is chargedFrom 2.5 USDFrom 2 USDFrom 1.8 USD
⬆️Trade Size0.01 – 80 lots0.01 – 80 lotsFrom 0.01 lotsFrom 0.01 lotsFrom 0.01 lots
💴Minimum Deposit100 USD100 USD5,000 USD10,000 USD50,000 USD
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here👉 Click Here👉 Click Here


Classic Account

TheClassic Account is a versatile trading platform suitable for beginners and experienced traders. With a $100 minimum deposit and no commission costs, it offers spreads starting at 1 pip and a maximum leverage of 1:1000.


It offers a wide range of tradable assets, with a minimum trade size of 0.01 lots and a maximum of 80 lots.


TMGM Classic Account


Edge Account

TheEdge Account offers traders narrower spreads starting at 0.0 pips on key currency pairings, with a $7 fee per round turn.


With a $100 minimum investment and high leverage of up to 1:1000, it is ideal for active traders with faster execution times and competitive pricing, making it suitable for scalping and heavy volume trading.


 Edge Account


IRESS Standard Account

TheIRESS Standard Account caters to experienced traders with a $5,000 minimum deposit. It offers diverse tools for global markets, dynamic pricing, competitive commission rates, and advanced charting and analysis capabilities.


Furthermore, the platform charges are removed after 10 monthly transactions, ensuring active traders benefit.


TMGM IRESS Standard Account


IRESS Premium Account

The IRESS Premium Account, with a $10,000 minimum deposit, caters to professional traders with additional features and a larger market range at competitive commission rates.


It offers a strong trading platform and comprehensive tools for accurate market research and execution, allowing active traders to enjoy a wider trading volume.


IRESS Gold Account

TheIRESS Gold Account is designed for elite traders with a minimum investment of $50,000. It offers a premium trading experience with no platform costs and competitive commission rates. It provides access to market data and high-quality assistance, making it a reliable platform for wealthy traders.


Demo Account

TheDemo Account is a valuable tool for novice and professional traders, offering a risk-free environment to test strategies and learn about their trading platforms. It mimics real market conditions with virtual funds and no expiry date, making it an essential teaching resource.


Islamic Account

TheIslamic Account provides a Sharia-compliant, swap-free trading option suitable for Muslim traders. Unlike the Classic and Edge accounts, it offers a fixed finance price for overnight positions, eliminating swap costs and providing an interest-free trading environment.


TMGM Islamic Account


Professional Account

TheProfessional Account caters to Australian clients with specific criteria, offering more leverage and a flexible trading environment. Eligibility requires financial requirements or trading experience, and it offers additional tools and fewer limitations than retail accounts.


How many retail investor accounts does TMGM offer?

They provide five retail investor accounts to accommodate various trading tastes and tactics.


Can I trade cryptocurrencies with a TMGM Edge Account?

Yes, the Edge Account offers trading in cryptocurrencies and other assets with tight spreads and a competitive commission structure.


 Account Types


How To Open a TMGM Account

To register an account, follow these steps:


✅To begin registration, go to the official broker website and click the “Open an Account” option.

✅Enter your personal information as prompted, which includes your complete name, email address, phone number, and country of residence.

✅Fill out the email or SMS verification by entering the code you received into the designated space on the registration page.

✅Include other personal information such as your date of birth, dwelling address, and tax residency data.

✅Answer a series of questions about your trading experience and financial understanding, which they analyzes to determine the appropriateness of their products for you.

✅To verify your account, upload identifying papers such as a government-issued ID (passport or driver’s license) and evidence of address (utility bill or bank statement).

✅Depending on your trading requirements and ambitions, select your desired account type from the available alternatives, such as Standard, Pro, or Islamic accounts.

✅Fund your account with one of the available payment methods, such as bank transfers, credit/debit cards, or e-wallet options.

✅Once your account has been validated and financed, you may start trading on TMGM‘s platforms, taking advantage of their diverse trading instruments and market possibilities.


Can I open a TMGM account from my mobile device?

Yes, you may simply establish an account from your mobile device by visiting their website and completing the account setup procedure.


What documents are required to open an account with TMGM?

To create an account, you must provide a government-issued ID and evidence of address, such as a utility bill or bank statement.


How To Open a TMGM Account


Trading Platforms and Software


MetaTrader 4

TMGM‘s MetaTrader 4 is a user-friendly platform with comprehensive capabilities, offering real-time market pricing and liquidity. It offers trading operations on forex, commodities, and indices, with extensive charting tools, technical indicators, and automated trading capabilities via Expert Advisors.


Its integration with MT4 appeals to new and experienced traders seeking a reliable and varied trading environment.


 MetaTrader 4


MetaTrader 5

MetaTrader 5 offers an advanced trading experience, enhancing its capabilities with more technical indicators, graphical elements, and detailed analysis periods.


It complements their product offerings, allowing traders to use complex tools like the economic calendar, market depth information, and an integrated multi-currency strategy tester for EAs. MT5 demonstrates their commitment to providing cutting-edge technology for optimal trading.


TMGM MetaTrader 5



IRESS is a premium platform with real-time market data and depth perspective, complemented by their deep liquidity and diverse portfolio.


It offers comprehensive market analysis tools and bespoke trading solutions, suitable for aggressive day traders and long-term investors seeking a professional environment with robust capabilities.





HUBx is a portfolio management platform that enhances this broker’s services for institutional clients. It provides a user-friendly environment for fund managers and customers, offering comprehensive portfolio adjustment tools and transparent transaction records.


HUBx also includes performance monitoring and investment strategy management, ensuring high control and precision in trading activities for professional traders.




What trading platforms does TMGM offer?

They offer MetaTrader 4, MetaTrader 5, IRESS, and HUBx, providing a wide range of trading demands.


Is the HUBx platform suitable for fund managers?

Yes, HUBx was created with fund managers in mind, providing superior portfolio management features.


TMGM Trading Platforms and Software


Fees, Spreads, and, Commissions


This broker offers a range of spread structures to cater to different trading methods and preferences. Starting at 0.0 pips, the Edge Account is suitable for high-volume and scalping strategies, while the Classic Account offers larger spreads for commission-free trading.



Commissions are tailored to traders’ account preferences, offering a competitive $7 per round turn Edge Account.


This transparent fee model ensures an egalitarian trading environment, allowing high-volume transactions while knowing fixed brokerage charges, enabling accurate cost control and improved trade execution strategies.


Overnight Fees

They charge overnight fees, or swap rates, on positions that remain open after the market closes. These fees, varying based on the instrument and interest rate differentials, can be credited or debited to the trader’s account.


Deposit and Withdrawal Fees

TMGM‘s trader-centric approach eliminates deposit and withdrawal fees, providing a cost-effective trading experience.


Inactivity Fees

This broker charges $30 inactivity fees to accounts with no trades for six months. It motivates traders to stay active or withdraw funds if they no longer wish to trade, a regular industry practice for efficient operations.


Currency Conversion Fees

They offer currency conversion services for traders using base accounts, reducing costs and expenses. They offer competitive exchange rates for conversions, demonstrating their worldwide perspective and commitment to serving international customers.


What is the starting spread for EUR/USD with TMGM?

The initial spread for EUR/USD may be as low as 0.0 pips on the Edge Account.


Are there any commission fees associated with TMGM’s Edge Account?

Yes, their Edge Account charges a $7 commission fee for every round turn.


 Fees, Spreads, and, Commissions


Which Markets Can You Trade with TMGM?


They offer the following trading instruments and products:


✅Forex – The broker provides a comprehensive variety of 55 pairings, including major, minor, and exotic currencies, catering to traders wishing to profit from the liquidity and 24-hour market of foreign exchange trading.

✅Shares – With access to over 50 shares, traders may participate in the stock markets by using thier platforms to trade shares from significant firms worldwide, providing short-term and long-term investment strategy options.

✅Precious Metals – Traders can deal in three sorts of precious metals: gold, silver, and platinum. These assets are frequently employed as a hedge against inflation and currency depreciation, providing a beneficial addition to a well-diversified trading portfolio.

✅Cryptocurrencies – Allows traders to trade 12 different cryptocurrencies, giving them access to this volatile and inventive market that has grown in popularity among investors looking for high-risk, high-reward prospects.

✅Energies – They offer two types of energy commodities, allowing traders to bet on market prices for critical energy supplies, a sector noted for large price fluctuations due to geopolitical and supply-demand swings.

✅Indices – With 15 indices accessible, traders may speculate on the performance of national economies and large market sectors. This makes it suitable for individuals wishing to obtain exposure to market trends without trading specific stocks.


Can I trade shares with TMGM?

Yes, they provid trading on more than 50 stocks, allowing investors to engage in the equity markets.


Does TMGM offer trading on precious metals?

Yes, they permit trading in three precious metals: gold, silver, and platinum.


Which Markets Can You Trade with TMGM


Leverage and Margin

Leverage and margin are crucial in trading, impacting a trader’s ability to open positions and potential profit or loss. This broker offers variable leverage amounts based on account regulation and financial items traded.


For VFSC-regulated clients, the broker provides up to 1:1000 leverage for forex trading, allowing traders to hold large positions with minimal capital. However, this can compound gains and losses, so traders must use it cautiously.


In New Zealand, FMA regulations limit FX leverage to 1:200, promoting a cautious approach. Under ASIC laws, forex leverage is limited to 1:30, reducing the risk of large financial losses from leveraged trading.


Furthermore, margin requirements are strongly related to leverage, with higher leverage resulting in lower initial margin needs.


What is the highest leverage offered by TMGM for forex trading?

They provide leverage of up to 1:1000 for forex trading in certain regulatory countries.


How does TMGM ensure the responsible use of leverage by traders?

They offer educational information and tools to assist traders in understanding and managing the risks of using high leverage.


TMGM Leverage and Margin


Deposit & Withdrawal Options

🔍Payment Method🌎Country💵Currencies Accepted🕰️Processing Time
💳Credit/Debit CardAllUSD, EUR, GBP, AUD, NZD, CADInstant
🏦Bank TransferAllUSD, EUR, GBP, AUD, NZD, CAD1 – 3 days
✔️RMB InstantChinaCNYInstant – 1 day
➡️RevolutAllUSD, EUR, GBP, AUD, NZD, CAD1 day
🌟WiseAllUSD, EUR, GBP, AUD, NZD, CAD1 day
👉NetellerAllUSD, EUR, GBP, AUD, CADInstant – 1 day
📌SkrillAllUSDInstant – 1 day
💷China UnionPayChinaCNYInstant
📱Mobile MoneyMalaysia, Thailand, Indonesia, VietnamMYR, THB, IDR, VND1 day




How to Deposit using Bank Wire Step by Step

Obtain TMGM‘s bank account information from the “Funding Management” section of your Client Portal.


✅Make a wire transfer from your bank account to the broker’s account, and include your TMGM account number in the reference box. Funds usually appear in your TMGM account within 3-5 business days.


How to Deposit using Credit or Debit Card Step by Step

Log in to your Client Portal and click “Funding Management.”


✅Select the credit or debit card option and input your card information (number, expiry date, and CVV).

✅Enter the deposit amount and finish the safe payment process. Deposits made with a credit or debit card are frequently handled promptly.


How to Deposit using e-Wallets or Payment Gateways Step by Step

Within your Client Portal, go to “Funding Management” and choose your desired e-wallet/payment gateway.


✅Enter the amount you want to deposit and follow the payment gateway’s instructions to approve the transfer. Usually, funds are credited to your account shortly.


TMGM Deposits




How to Withdraw using Bank Wire Step by Step

In your Client Portal, navigate to “Funding Management” and submit a withdrawal request.


✅Enter your banking information and the amount you wish to withdraw.

✅Processing time typically ranges between 3-5 business days.


How to Withdraw using e-Wallets or Payment Gateways Step by Step

Choose your desired e-wallet/payment gateway from the “Funding Management” section of your Client Portal.


✅Enter the amount you want to withdraw, and then follow the prompts for your chosen method.


What are the deposit options available at TMGM?

They accept various deposit methods, including debit/credit card, Revolut, Wise, bank transfer, Neteller, Skrill, and more.


How long does it take to process a withdrawal with TMGM?

We process withdrawals within one business day, providing quick access to your funds.


TMGM Deposit & Withdrawal Options


Educational Resources

The broker offers the following educational resources:


✅ TMGM Trading Academy – TMGM Trading Academy is a comprehensive educational resource for new and experienced traders, offering articles, e-books, video lessons, and webinars to enhance trading abilities and knowledge.


What types of educational materials does TMGM Trading Academy offer?

TMGM Trading Academy provides various products to help traders improve their skills, including articles, e-books, video lessons, and webinars.


Is TMGM Trading Academy suitable for beginner traders?

Yes, TMGM Trading Academy offers tools to help novices start with forex and CFD trading comfortably.


TMGM Educational Resources


Pros & Cons

✅ Pros❌ Cons
The broker highlights quick order execution, little slippage, and deals that are filled at the correct pricingTMGM's own market commentary and basic research services are rather restricted when compared to those of rivals
The availability of the popular MetaTrader 4 and MetaTrader 5 platforms provides both familiarity and sophisticated technical analysis capabilitiesFor traders who are not interested in MetaTrader, TMGM's platform options are restricted
Traders have access to more than 12,000 products, including Forex, CFDs on stocks, indices, commodities, and cryptocurrencyDemo accounts may have time limits, making them unsuitable for lengthy practice before becoming live
TMGM is regulated by top-tier agencies like as ASIC (Australia) and the FMA (New Zealand), which improves customer protection and broker trustDepending on your preferred withdrawal method, TMGM may have quite high minimum withdrawal requirements
TMGM's prompt and friendly customer support service, which is available 24/7, routinely earns favorable comments from clientsDespite being well-regulated, TMGM does not provide the extra assurance of investor compensation plans that some other brokers do


Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
Please remember the following text: “Our broker review is not financial advice. However, we urge traders to seek professional financial advice before making investment decisions.”


Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.


Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all South African investors.
Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.


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In Conclusion

We believe this broker is a popular forex and CFD broker offering regulatory monitoring and diverse trading options. Its platform, including the MetaTrader suite and IRESS, caters to various trading tastes and methods like scalping and hedging.


TMGM handles withdrawals within one business day, allowing traders to receive their funds quickly.

Yes, TMGM lets you register a demo account to practice trading in a controlled environment without risking real money. Demo accounts can be useful for novices and those trying out new methods.

The minimum deposit necessary to start an account with TMGM is $100, making it accessible to traders with different capital levels.

TMGM principally provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MT4 and MT5 offer powerful charting tools, customisable indicators, and support for automated trading.

Yes, TMGM is regarded as a secure broker, with licenses from top-tier regulators and additional security precautions such as segregated accounts.

TMGM allows you to trade several instruments, including forex, stocks, precious metals, cryptocurrencies, energy, and indexes.

Yes, TMGM offers a variety of instructional resources, including articles, webinars, and market analysis. These materials can help traders of all levels expand their expertise.

TMGM is based in Sydney, Australia, and has offices in other countries, including Vanuatu and New Zealand.

TMGM provides 24/7 customer service by live chat, email, and phone. You can find their contact information on the TMGM website.

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