TMGM Review 2026
TMGM is a CFD broker with a real ASIC license in Australia, but most clients trade through its Vanuatu or Seychelles entities with much higher leverage.
Min Deposit
$100
Spreads From
0.0 pips
Max Leverage
1:500
Platforms
3
Pros
- Holds a genuine tier one license from ASIC in Australia
- Offers MetaTrader 4, MetaTrader 5, and the IRESS share platform
- No extra deposit or withdrawal fees on top of bank charges
- ASIC entity keeps client funds in a National Australia Bank trust account
- In the industry since 2013 with a large, established client base
Cons
- Hit with a real ASIC stop order in 2024 for weak client checks
- Most clients trade through offshore Vanuatu or Seychelles entities
- Independent forums report slow, document heavy withdrawals
- Classic account spreads start from a plain 1.0 pips
- Offshore clients get no guaranteed negative balance protection
- A $30 monthly fee starts after six months with no trading
TMGM began in Sydney in 2013 under the name TradeMax. Its main entity, Trademax Australia Limited, holds a real ASIC license. In 2024, ASIC issued a stop order against the firm for weak checks on new CFD clients. TMGM changed its onboarding process and the order was lifted a few weeks later.
Most clients outside Australia use TMGM companies in Vanuatu, Seychelles, or Mauritius instead, where leverage can reach 1 to 1000. TMGM offers MetaTrader 4, MetaTrader 5, and the IRESS platform for shares. The standard account has spreads from 1.0 pips with no commission, and a commission based account starts from 0.0 pips. An inactivity fee of $30 a month applies after six months with no trades.
On Trustpilot, TMGM scores 3.9 out of 5 from hundreds of reviews, and most raters are happy. Independent forums show a real complaint pattern too. Traders report slow withdrawals, repeated document requests, and accounts suddenly switched to close only status.
Min. Deposit
USD 100
Max Leverage
1:30 for ASIC clients, up to 1:1000 for offshore accounts
Spreads From
0.0 pips on the Edge account, plus a commission per lot
Platforms
TMGM (Trademax Global Markets) is a globally recognised multi-asset broker regulated by ASIC in Australia and VFSC in Vanuatu. The broker has built a strong reputation for ultra-low latency execution and access to deep institutional liquidity, making it a preferred choice for both retail and professional traders.
With over 12,000 tradeable instruments spanning forex pairs, global share CFDs, indices, commodities, and cryptocurrencies, TMGM offers one of the broadest product ranges in the retail sector. The broker supports MetaTrader 4, MetaTrader 5, and its proprietary IRESS platform for equities trading.
TMGM consistently reports monthly trading volumes exceeding $1.5 trillion, placing it among the highest-volume retail brokers globally. Client funds are held in segregated accounts with tier-one Australian banks, and the broker maintains professional indemnity insurance for additional client protection.
Edge
Classic
60+ currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- ASIC (Australia)
- VFSC (Vanuatu)
