TMGM Review

Emily Watson

Written by

Emily Watson
David Okonjo

Fact Checked by

David Okonjo

Updated

Jan 4, 2026
Broker review header

4.4

Trust Score: 4.4/100

Based on regulatory status, company history, and financial transparency

  • Official Open Sponsor
  • High Leverage (Intl)
  • IRESS Platform
  • Hubx Integration

Founded

2013

Headquarters

Sydney, Australia

Why choose TMGM

TMGM (Trademax Global Markets) is a high-growth broker known for its lightning-fast execution and prestigious partnership with the Australian Open (2026).

Pros

  • Very competitive spreads
  • Strong ASIC regulation
  • Excellent IRESS platform for stocks

Cons

  • IRESS platform has monthly fees
  • Education section is basic
TMGM logo

TMGM

Save Wishlist's

Popular choice

Min Deposit:

$50

Inactivity Fee:

No

Regulated:

Yes

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TMGM offers low costs, particularly on its Edge account. Stock CFDs on IRESS are priced competitively.

InstrumentStandardRaw/Pro
EUR/USD1.2 pips0.0 pips ($7 comm)
GBP/USD1.5 pips0.2 pips
USD/JPY1.1 pips0.1 pips
S&P 5000.5 pts0.3 pts
Gold0.200.10

Inactivity

$10/mo after 6m

Withdrawal

Free (mostly)

Non-trading fees

Inactivity fee: No.

TMGM is regulated by ASIC (Australia), FMA (NZ), and VFSC (Vanuatu), a strong combination.

Regulatory Status

RegulatorCountryTier
ASICAustralia1
FMANew Zealand2
VFSCVanuatu3
FSCMauritius3

Safety Features

Segregated AccountsYes
Negative Balance ProtectionYes
Investor ProtectionProfessional Indemnity Insurance (up to A$10M).

Is regulated?

Yes, heavily regulated.

Find your safe broker

Fast and mostly free. Bank wires can take a few days.

Deposit Options

MethodProcessing TimeFeeMin. Deposit
Visa/MastercardInstantFree$100
Skrill/NetellerInstantFree$100
Bank Wire1-3 DaysFree$100

Withdrawal Options

MethodProcessing TimeFeeMin. Withdrawal
Any Method1 DayFree$100

Base Currencies

USD, EUR, AUD, NZD, CAD

Digital and quick. Requires ID and Proof of Address.

Account Types

Account TypeMin. DepositKey Features
Classic$100
  • Spreads from 1.0
  • No Comm
Edge$100
  • Spreads from 0.0
  • $7 Comm
IRESS$5000
  • DMA Stocks
  • Exchange Data Fees

Verification Steps

  • Time to open: Same Day
  • Demo Account: Yes
  • Islamic Account: Yes
Open Account

TMGM uses the standard MT4/MT5 apps but has a proprietary client portal app.

TMGM mobile app screenshot 1
TMGM mobile app screenshot 2
TMGM mobile app screenshot 3

App Features

  • Account Management
  • Funding
  • MT4 Bridge

MT4, MT5 and IRESS (for stocks).

TMGM desktop platform screenshot

Supported Platforms

  • MetaTrader 4/5: Standard Forex/CFD trading.
  • IRESS: Institutional grade stock trading.

Compare platform providers:

TMGM offers a massive range of over 12,000 instruments, largely driven by the IRESS platform which provides DMA access to global stocks. Forex and CFD selection is also strong with 60+ pairs and major cryptos.

Available Instruments

0
Forex Pairs60
Indices15
Stocks12000
Commodities10
Cryptos15

Leverage Limits

InstrumentMax Leverage
Forex1:500 (ASIC Pro/VFSC), 30:1 (Retail)
Indices100:1
Stocks20:1
Crypto5:1

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Frequently Asked Questions

Yes, TMGM represents a safe trading environment. It is regulated by top-tier ASIC (Australia) and FMA (New Zealand), as well as VFSC (Vanuatu) for global clients. It holds client funds in segregated accounts.

The minimum deposit for a standard Classic or Edge account is $100. However, the IRESS account for stock trading requires a minimum deposit of $5,000.

The Classic account has no commission but wider spreads (from 1.0 pip). The Edge account has raw spreads from 0.0 pips but charges a commission of $7 per round turn lot. Edge is better for active traders.

Yes, TMGM offers over 12,000 stocks. However, to access the full range of DMA (Direct Market Access) stocks, you need to use the IRESS platform, which has different fee structures/minimums.

IRESS is a professional-grade platform used for trading shares with Direct Market Access (DMA). It offers Level 2 market depth, advanced charting, and access to thousands of global stocks.

Yes, TMGM allows scalping and the use of Expert Advisors (EAs). Their Edge account with raw spreads and fast execution is particularly suitable for scalpers.

TMGM processes withdrawals typically within 1 business day. The time it takes to reach your account depends on the method (instant for some e-wallets, 1-3 days for bank wires).

Yes, TMGM offers trading on major cryptocurrencies like Bitcoin, Ethereum, and Litecoin against the USD. Leverage is generally limited to 5:1 or 2:1 depending on regulation.

Yes, TMGM charges an inactivity fee of $10 per month if there is no trading activity on the account for a period of 6 months.

No, TMGM does not accept clients from the United States.
Emily Watson

Emily Watson

Cryptocurrency • Fintech • Blockchain

Author of this review

Emily is a blockchain technology expert and fintech journalist. She bridges the gap between traditional finance and emerging technologies, reviewing crypto CFD offerings and evaluating broker innovation in the digital asset space.

Crypto & Fintech Editor — Everything you find on BrokerAnalysis is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

Risk Warning: Forex/CFD trading involves significant risk. 68-80% of retail accounts lose money.|Affiliate Disclosure: We may earn commissions from listed partners.|Not Advice: For educational purposes only.

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