TMGM
TMGM Review 2025 – Is It a Safe Forex Broker?
Thinking of trading with TMGM? In this detailed review, we examine TMGM’s regulations, account types, spreads, fees, platforms, and more. By the end, you’ll know whether TMGM is a suitable broker for your trading needs in 2025.
| Feature | Details |
|---|---|
| Broker Name | TMGM (Trademax Global Markets) |
| Founded | 2013 |
| Headquarters | Sydney, Australia |
| Regulations | ASIC (Australia), FMA (New Zealand), VFSC (Vanuatu) |
| Minimum Deposit | $100 |
| Account Types | Classic Account, Edge Account, Islamic (Swap-Free) |
| Trading Platforms | MetaTrader 4, MetaTrader 5, IRESS |
| Instruments Offered | Forex, Indices, Metals, Energies, Stocks CFDs, Cryptocurrencies |
| Leverage | Up to 1:500 (depending on region) |
Regulation & Safety
TMGM is considered a safe broker with strong regulatory oversight in multiple jurisdictions:
- Regulated by ASIC Australia – ABN: 436 158 428
- Regulated by FMA New Zealand – FSP No: 568807
- Regulated by VFSC Vanuatu – License No: 40356
- Segregated client funds under ASIC requirements
- Negative balance protection for retail clients (certain regions)
Account Types Offered
| Account Type | Platform(s) | Spreads From | Commission | Minimum Deposit |
|---|---|---|---|---|
| Classic | MT4 / MT5 | ≈ 1.0 pips | No commission | $100 |
| Edge | MT4 / MT5 | 0.0 pips | ≈ **US$3.50** per lot per side (≈ US$7 round-turn) | $100 |
| Islamic (Swap-Free) | MT4 / MT5 | Same as Classic or Edge spreads | Admin fees apply instead of swaps | $100 |
Trading Platforms
- MetaTrader 4 (MT4) – Excellent for algo trading & EAs
- MetaTrader 5 (MT5) – Advanced charting & market depth
- IRESS – For professional stock CFD traders
- Available on Web, Desktop, and Mobile
Instruments You Can Trade
- 60+ Forex pairs
- Indices (US30, NAS100, GER40, etc.)
- Commodities (Oil, Natural Gas)
- Precious Metals (Gold, Silver)
- Stock CFDs (US, AU, HK, EU markets via IRESS)
- Crypto CFDs in permitted jurisdictions
Spreads, Fees & Commission
- Spreads: Edge account spreads from 0.0 pips; Classic approx. 1.0 pip
- Commissions: Edge account ≈ US$3.50 per lot per side
- Swap Fees: Applied on overnight trades unless using Islamic account
- Deposit/Withdrawal Fees: Most methods are free; some banks may charge fees
- Inactivity Fee: None across most TMGM entities
Security & Measures
- Client funds held in segregated Tier-1 bank accounts
- SSL encryption for secure transactions
- KYC / AML verification process
- Negative balance protection for retail traders
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Credit / Debit Card | Instant | Usually free |
| Bank Transfer | 1–3 business days | Bank fees may apply |
| E-wallets (Skrill, Neteller, Sticpay) | Instant | Generally fee-free |
| Cryptocurrencies | Minutes to hours | Network fees apply |
Customer Support
- 24/7 Live Chat
- Email support
- Phone support in multiple countries
- Fast, knowledgeable support team
Pros & Cons
Pros
- Ultra-tight spreads on Edge account
- High leverage up to 1:500
- Low minimum deposit ($100)
- Works well for scalpers and EA traders
- Strong liquidity providers (PrimeXM & Equinix servers)
Cons
- IRESS platform has extra fees
- Cryptos restricted in regulated regions
- Educational materials could be more extensive
Is TMGM Right for You?
If you’re looking for low spreads, fast execution, and flexible account options, TMGM is a strong choice. Scalpers, algorithmic traders, and day traders benefit most from the Edge account, while beginners may prefer the Classic account with no commissions.
If you decide to trade with TMGM:
FAQs About TMGM
Is TMGM regulated?
Yes — TMGM is regulated by ASIC, FMA, and VFSC.
What is the minimum deposit?
The minimum deposit is $100.
Does TMGM offer Islamic accounts?
Yes. Swap-free Islamic accounts are available upon request.
How tight are the spreads?
Edge spreads can be as low as 0.0 pips; Classic accounts start around 1.0 pips.
How long do deposits/withdrawals take?
Instant for cards & e-wallets; 1–3 days for bank transfers.
Disclaimers
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Make sure you fully understand the risks involved before trading.
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