TMGM Review

Minimum Deposit: $100 VISIT BROKER
Investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit.

TMGM Review

Summary

Operating from Australia, TMGM is an ECN broker that offers thousands of trading instruments, including forex trading and 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 online trading brokers in the forex and CFDs trading industry with a global clientele in over 150 countries. They provide traders with the 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 just $100.

8.3Expert Score
TMGM Rating

TMGM combine a transparent online trading environment with some of the best pricing of any brokerage firm.

Investment Products
8
Commissions and Fees
8.5
Platforms and Tools
8.5
Research and Education
8
Deposit and Withdrawal
8.5

TMGM Review

Pros and Cons

With over 150 billion in trading volume, 12,000+ investment products, and about seven top-tier liquidity providers, TMGM seems to be worth a try. The broker has strict regulations from 3 top regulatory authorities. They provide traders with various competitive trading conditions, such as tight spreads, low commissions, multiple payment methods, and more.

Positives
  • Regulated in multiple jurisdictions: ASIC, VFSC, and FMA
  • A range of intuitive trading platforms
  • Multiple investment 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
Negatives
  • No USA clients
  • Inactivity fee after 6 months
  • $100 minimum deposit

TMGM Review

Investment Products

At TMGM, traders are provided with seamless to the various top investment products. You will find a selection of over 12,000 investment products across different asset classes, such as forex, futures, indices, precious metals, 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.

TMGM Instruments Summary

InstrumentsTMGM
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFs
CFDs
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 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
TMGM Fees

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.

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 Russian software company that is known as MetaQuotes. The MT4 has grown significantly to become the choicest trading platform 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 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.
TMGM MT4
TMGM MT4

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
TMGM MT5
TMGM MT5

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.

Platform features

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

HubX

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 HubX
TMGM HubX

TMGM Platforms Summary

PlatformTMGM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTraderx
Proprietary
Desktop
Web
Mobile
Social Tradingx
Other
TMGM Platforms

Tools

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 & expert market overviews.

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

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.

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. So they can plan their 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 up-to-date 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 traders to familiarize themselves with some of the basic trading jargon.

FAQ

FAQs are a comprehensive list of traders’ most common questions and their corresponding detailed answers. The broker provides traders with a detailed FAQ section covering various topics, including account management, deposits/withdrawals, trading conditions, trading hour changes, security of funds, and company info.

TMGM Research and Education Summary

ResourcesTMGM
Market Analysis
Guides
Videos
Webinarsx
Autochartistx
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 range of available payment options.

However, you should 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.

TMGM Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptosxx
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).

TMGM Regulation Summary

RegulatorTMGM
ASIC (Australia)
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)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

Conclusion

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 clients with a range of powerful and user-friendly trading platforms that are available in desktop, web, and mobile versions. There are thousands of trading instruments to choose from. Their clients are provided with essential trading resources — useful trading tools and a suite of educational resources — to enhance their overall trading experience. A knowledgeable client support team is available to assist traders.

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.

Everything that you find on InvestingBrokers.com 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

FAQs

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 investment 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 investing platforms does TMGM offer?

The broker offers a range of intuitive investment 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
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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