TMGM USD/JPY Spread & Trading Conditions 2026

TMGM quotes USD/JPY — the US dollar vs Japanese yen pair, a key carry-trade major — with a standard spread of 1.1 pips. 1.1 pips places it 17th out of the 35 brokers we track quoting USD/JPY, level with the median of 1.1. On raw/ECN accounts the spread is typically 0.1 pips. Spreads are quoted in pips and widen or tighten with market volatility and account type.

Fee context from our review: TMGM offers low costs, particularly on its Edge account. Stock CFDs on IRESS are priced competitively.

Across the 35 public brokers we track quoting USD/JPY, TMGM ranks 17 against a median of 1.1. Ranked on published standard-account quotes — see our [methodology](/our-methodology/).

When trading USD/JPY at TMGM:

Minimum deposit: $100
Maximum leverage: 1:1000 (Intl) | 1:30 (ASIC retail)
Commission: $7/lot round-turn (Edge)
Execution: ECN / STP
Platforms: MT4, MT5, IRESS

Spreads shown are indicative of the account types we assess. Raw/ECN accounts generally charge a per-lot commission in exchange for tighter raw spreads, while standard accounts build costs into the spread itself.

The USD/JPY spread is driven by liquidity depth, market volatility, the time of day (London and New York sessions are tightest), and the account model you choose. TMGM supports MT4 and MT5 for spread-sensitive execution.