TMGM Review

Minimum Deposit: $100 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

TMGM is a good choice for active traders who wish to trade with minimal costs, tight spreads and low commission fees. They provide traders with various sophisticated trading platforms, which are available in desktop, web, and mobile versions.

TMGM Review


Operating from Australia, TMGM is an ECN broker that offers thousands of trading instruments, including CFDs on forex, futures, precious metals, indices, energies, commodities, crypto, stocks, and shares. The broker was launched in 2013 and has since become one of the leading CFD brokers in the industry with a global clientele in over 150 countries. They provide traders with the excellent MetaTrader 4, MetaTrader 5, Iress, and HubX trading platforms, which are available in desktop, web, and mobile versions.

Three reputable financial jurisdictions regulate TMGM, and they include the Australian Securities and Investment Commission (ASIC), Financial Markets Authority (FMA), and the Vanuatu Financial Services Commission (VFSC). The broker provides exceptional trading conditions, including tight spreads, low fees, enhanced executions speeds with deep liquidity, and a minimum deposit requirement of $100. Free demo accounts are also available to get a feel for what the broker has to offer before making a financial commitment.

8.4Expert Score
TMGM Rating

TMGM combine a transparent online trading environment with some of the best pricing of any brokerage firm. You can trade a great selection of financial instruments via professional and intuitive platforms for all of your devices.

Trading Products
Commissions and Fees
Platforms and Tools
Research and Education
Deposit and Withdrawal

TMGM Review

Pros and Cons

With over 150 billion in trading volume, 12,000+ Trading Products, and about seven top-tier liquidity providers, TMGM are certainly worth serious consideration. The broker has strict regulations from 3 top regulatory authorities which gives peace of mind that they will operate in an honest and transparent manner. They provide traders with some very competitive trading conditions, such as tight spreads, low commissions, quick execution speeds and multiple payment methods. However, the minimum deposit is not the lowest and they do charge an inactivity fee if you do not trade for a sustained period of time.

  • Regulated in multiple jurisdictions: ASIC, VFSC, and FMA
  • A range of intuitive trading platforms
  • Multiple Trading Products across different asset classes
  • Tight spreads from 0 pips
  • Low commission fees
  • Several payment options
  • Lightning-fast execution speeds
  • A suite of useful trading tools
  • Trading Central market analysis software
  • Trading Academy and other educational resources
  • Demo account
  • Swap-free Islamic accounts
  • Responsive client support team
  • No USA clients
  • Inactivity fee after 6 months
  • $100 minimum deposit

TMGM Review

Trading Products

At TMGM, traders are provided with seamless to the various top Trading Products. You will find a superb selection of over 12,000 Trading Products across different asset classes, such as forex, futures, indices, commodities (precious metals and energies), shares, cryptocurrencies, ETFs, and CFDs.

There are around 50 forex currency pairs, 15+ indices, 5 commodities, and more than 12,000 shares and ETFs to choose from. And all the available financial instruments are available and can be traded from any of the provided trading platforms. They do not provide options and bonds trading but AvaTrade do if you are looking for those instruments.

TMGM Instruments Summary

TMGM Instruments

TMGM Review

Commission and Fees

Commission and Spread Fees

Commission fees and spreads are important fees that you should consider when you are looking to start trading with any online retail broker. Commission are small fees that are charged on trades, while spreads are the difference in pips between the bid price and the ask price quote (buy/sell) in a currency pair.

TMGM has ultra-low spreads starting from just 0 pips on the edge account and 1 pip on the classic account. Also, the broker charges zero commissions on the Classic account, while a commission fee of $7 per round turn is charged on the Edge account.

FeeClassic AccountEdge Account
Commission (per standard lot per side)$0$3.5
Spreads from1.00.0

Deposit and Withdrawal Fees

TMGM does not charge any fees for account deposits and withdrawals. However, there may be some third-party transaction processing fees, depending on your payment provider.

Inactivity Fees

The broker charges an inactivity fee of $30. The inactivity can be applied to your trading account if your account balance falls below $500 or if it remains inactive for over six months. If you plan on not trading for a while and would rather avoid such fees, you could consider a broker such that does not charge any such as Trade Nation.

TMGM Review

Platforms and Tools

The broker provides traders with a range of intuitive trading platforms. All the available trading platforms allow users to trade the various available financial instruments with ease. As such, traders can easily choose the trading platform of their choice. The trading platforms available at TMGM include the MT4, MT5, IRESS, and HubX trading platforms; they are available in desktop, web, and mobile versions.

MetaTrader 4

The MetaTrader 4 (MT4) trading platform is a popular trading platform that was developed in 2005 by a trading software company that is known as MetaQuotes. The MT4 platform has grown significantly to become one of the best trading platforms today, thanks to its intuitive user interface, customizable feature-rich environment, and a public library of thousands of custom indicators make it the favourite choice of traders.

There is a lot to love about the MT4 trading platform. It is replete with useful trading tools and enhanced trading functionalities, such as one-click trading, multiple timeframes, various technical indicators, and more. Many implemented trading tools that enable quick and easy market analysis across multiple chart types and timeframes are built into the trading platform.

The broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers, a web trader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. The mobile trading app is best suited for traders who wish to place trades and check trading positions while on the go as long as there is an internet connection. 

MT4 Platform features

  • Intuitive user interface
  • Fully customizable
  • Desktop, web, and mobile versions
  • Support for one-click trading
  • Multiple charts
  • Supports various trading styles: hedging, scalping, and more
  • A range of technical indicators
  • Nine different timeframes.
  • Various tools for technical analysis
  • Features push alert notifications
  • Allows for the automation of trades via expert advisors
  • Gives room for strategy back testing
  • Built-in MQL4 programming interface for creating custom indicators, scripts, expert advisors
  • Live quotes
  • Drawing tools
  • View live account balances and order history.

MetaTrader 5

Following the success and popularity of the MT4 trading platform, the MT5 was launched later in 2010 as a worthy successor. It contains all the essential features of the MT4 trading along with various additional features and extended capabilities.

The platform is designed with a user interface that is intuitive yet packed with a range of essential trading features and functionalities, making it suitable for all levels of traders. Other essential features of the MT5 trading platform include 21 timeframes, expert advisors, multiple timeframes, and more. Users can also enjoy favourable trading conditions, such as faster processing times, the ability to hedge positions, advanced pending order functionality, and more tools and indicators.

The MT5 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is designed for smartphone devices running on Android and iOS.

MT5 Platform features:

  • Over 38 built-in technical indicators
  • Offers built-in trading tools
  • Enhanced trade processing speeds
  • Available for desktop, web, and mobile platforms
  • Allows trade automation via expert advisors
  • Features 21 timeframes
  • Scalping allowed
  • Hedging allowed
  • Depth of market
  • Multi-currency
  • Multi-threaded
  • Real ticks

IRESS Trader

This is a web-based trading platform that provides traders with an enhanced trading experience. It runs directly on modern web browsers, such as Chrome, Safari, Firefox, and Edge, eliminating the need to download or install additional software. It streams market data dynamically across several product types and exchanges. The platform provides traders with everything they need to stay relevant in the financial markets. They combine access to the full market depth, and an enhanced in-house charting system with live news flows to ensure an enhanced trading experience for all users. IRESS is not available via many brokers, although and FP Markets do also have it along with the more popular MetaTrader platforms.

Platform features

  • Runs directly on modern web browsers
  • No download required
  • Real-time price streaming
  • Manage multiple portfolios
  • Access exchange pricing and market depth


This is the broker’s proprietary trading platform. It was developed in-house by the broker’s team of fintech experts to suit the trading needs of fund managers and their clients in mind. The platform has a suite of advanced futuristic functions that allow fund managers to manage their clients and their risk allocations more efficiently and easily. Its advanced portfolio adjustment tools help clients take full control of their investments easily and intuitively. HUBx’s smart logs and journals keep track of all important transaction information, providing a truly transparent environment for clients to monitor their trading performance.


TMGM Platforms Summary

MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Social Tradingx
TMGM Platforms


Trading Central

Trading Central is a research portal that uses technical analysis to scan the markets and find your actionable trade ideas, saving you precious time. TMGM clients can access Trading Central’s newsletter service and receive daily analysis with emerging opportunities, trading plans and expert market overviews. I think this is a brilliant trading tool for finding customised trading signals without needing to spend hours sifting through the charts yourself. I would always look to choose a broker that provides this or at Autochartist as an alternative. GO Markets have both if you are a big fan of market analysis.

Trading Central
Trading Central

Market Sentiment Tools

TMGM understands the importance of information, so the broker provides its clients with the best tools available on the market. For example, the Market Buzz is an intuitive and user-friendly tool that provides traders with a concise and accurate view of the market sentiment for every instrument based on the daily sentiment posted from professional news articles, social media, and individual blogs.

TC Market Buzz
TC Market Buzz

Forex VPS

The Forex VPS allows traders to run their automated systems around the clock seamlessly. With the VPS, traders can run their trading platform 24/7 without having their computers switched on. They are often used to run expert advisors (EAs) and maintain a trading server’s connectivity. TMGM and ForexVPS have joined forces to provide clients with a full service and reliable VPS solution to run their MT4 EA’s and signals. You can also get a free VPS from some other brokers including Blueberry Markets.

TMGM Review

Research and Education

Trading Academy

The broker provides traders with a rich trading academy. It is replete with various learning articles, trading guides, market analysis, company news, and essential video tutorials. These learning resources are designed to help traders improve their overall trading skills and knowledge.

Economic Calendar

TMGM clients are provided with an economic calendar to keep them up-to-date about economic and market events when trading. It shows future market events’ schedule and their expected impacts on the financial markets. With the economic calendar, traders can know what moves the market and when the market moves. This can help you to plan your trading moves based on upcoming economic releases and market events from around the world.

Economic Insights

This section of the broker’s website is replete with several trading articles on market reviews and expert analysis. It also contains some news articles to keep traders informed with the latest happenings in the financial markets.

Trading Terminologies

This is the broker’s glossary section. It is a comprehensive list that displays various trading terminologies and their detailed explanations. It helps new traders to familiarize themselves with some of the basic trading jargon.


FAQs are a comprehensive list of traders’ most common questions and their corresponding detailed answers. The broker provides you with a detailed FAQ section covering various topics, including account management, deposits/withdrawals, trading conditions, trading hour changes, security of funds, and company info. This can be a great way to get a quick answer to any questions that you may have.

TMGM Research and Education Summary

Market Analysis
Trading Central
Economic Calendar
Other (Forex VPS, Market Sentiment Tools, FAQs)
TMGM Resources

TMGM Review

Deposit and Withdrawal

To carry out deposit or withdrawal transaction on your TMGM account, you have to log in to your secure client area and navigate to the Funds Management tab to select either “Add Funds” or “Withdraw Funds” — depending on whether you want to carry out a deposit or withdrawal transaction. Then, you can choose your most preferred payment method from the generous range of available payment options.

However, you might want to ensure that your account is denominated in any of the following base currencies: USD, EUR, GBP, AUD, NZD, and CAD. This will prevent you from paying high conversion fees as such fees do not apply when your account is in the base currency.

The broker offers the following payment methods: bank transfers, credit cards, and various e-wallets. While the broker does not charge any fees for deposits and withdrawals, some payment methods may come with small service fees. Also, the time taken to process transactions is dependent on the payment method in use. The minimum deposit required to start trading is $100. If this is out of your reach currently, then you could consider XTB as they have a $1 minimum deposit.

TMGM Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
TMGM Funding Options

TMGM Review

Regulation and Safety

TMGM is authorized and regulated in various jurisdictions as follows:

  • Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC).
  • Trademax Global Markets (NZ) Limited is regulated by the Financial Markets Authority in New Zealand (FMA).
  • Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC). 

The regulation from ASIC is strict since they are one of the top-tier financial authorities in the industry. The various regulations provide traders with the peace of mind that their funds are in safe hands.

However, the absence of a CFTC regulation is an indication that the broker cannot provide its services to citizens or residents of the United States of America (USA). If you are located in the USA, then Oanda would be one of my top choices of broker.

TMGM Regulation Summary

ASIC (Australia)
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
Other (VFSC, FMA)
TMGM Regulators

TMGM Safety

TMGM implements several safety processes to ensure the overall safety of clients’ funds. For instance, the broker states that clients’ funds are not held with them. TMGM holds clients’ funds in an Australian ADI (authorized deposit-taking institution) with an AA rating. All client money is managed in accordance with client money laws and kept separate from company funds. Client money is held in segregated Client Trust Accounts with National Australia Bank (NAB).

In addition, the broker offers negative balance protection. And as such, if your account goes into negative balance, you can get in touch with the support team either via live chat or email.

TMGM Review

Client Support

The TMGM broker provides traders with a multilingual client support team who are polite and prompt in response. The support team can be reached via any of the following contact channels: telephone, email, Live Chat, and social media.  They are available in various languages: English, Vietnamese, Thai, Spanish, Portuguese, Italian, Arabic, Chinese, Filipino, French and Indonesian.

TMGM Review


Putting it all together, TMGM is a reputable online trading broker that is regulated in multiple jurisdictions: ASIC, VFSC, and FMA. They operate the ECN/STP execution model, which offers access to the interbank markets with no conflict of interest. They provide you with a great range of powerful and user-friendly trading platforms that are available in desktop, web, and mobile versions. There is something for everyone with thousands of financial instruments to choose from.

I like how you are provided with essential trading resources including some brilliant trading tools for comprehensive market analysis and a suite of educational resources to bring beginners up to speed with the markets. They have everything that you need to enhance your overall trading experience. A knowledgeable client support team is also available to assist as and when needed.

TMGM trading conditions are very competitive, with enhanced executions and deep liquidity to help ensure that you get the best possible prices available. There are multiple account types to choose from, along with flexible funding options. The minimum deposit required to start trading is $100 or you can start on a demo account to see if they meet your individual needs.

Everything that you find on is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

TMGM Review


When was TMGM founded?

TMGM was launched in 2013.

Where is TMGM located?

The broker is headquartered in Sydney, Australia, with branch offices in different parts of the globe.

Is TMGM regulated?

TMGM is regulated by various financial authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Markets Authority in New Zealand (FMA), and the Vanuatu Financial Services Commission (VFSC).

What trading instruments does TMGM offer?

The broker offers a selection of over 12,000 Trading Products across different asset classes, such as forex, futures, indices, precious metals, energies, shares, cryptocurrencies, ETFs, and CFDs.

What is TMGM’s minimum deposit?

TMGM’s minimum deposit is $100.

What trading platforms does TMGM offer?

The broker offers a range of intuitive Trading Products: MT4, MT5, IRESS Trader, and HubX Trading Platforms.

What is TMGM’s commission fee?

In addition to their commission-free account, the broker has a commission fee of $7 per round turn.

Does TMGM charge an inactivity fee?

The broker charges an inactivity fee of $30. The inactivity can be applied to your trading account if your account balance falls below $500 or if it remains inactive for over six months.

What are TMGM’s spreads?

TMGM has tight spreads from 0.0 pips on the Edge account and 1.0 pips on the Classic account.

What funding options does TMGM offer?

The broker offers several payment methods: bank transfer, credit cards, and e-wallets.

Does TMGM offer demo trading?

The broker provides traders with a demo account for practice purposes.

Does TMGM offer Islamic accounts?

TMGM offers an Islamic account for Muslim traders.

How do I contact TMGM customer support?

The broker’s multilingual support team can be reached via telephone, email, and online chat.
TMGM Review
TMGM Review
Minimum Deposit: $100
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