TMGM Review 2026

How safe is TMGM?

TMGM has a trust score of 55 out of 100 according to the broker’s regulation, reputation, and reviews.

1. Regulation

If you open a global account with TMGM, it sits with Trademax Global Limited, a Vanuatu company regulated by the Vanuatu Financial Services Commission under company number 40356, with Licence Classes A, B and C shown on the VFSC licensee list. A TMGM agent confirmed in live chat on 18 October 2026 that a Cambodian resident’s account would sit with the Vanuatu company, and the table below sets out the rest of the group.

Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by ASIC is regulated by the Australian Securities and Investments Commission.

Segregated accounts keep your funds apart from TMGM’s operating money, and tmgm.com’s account-types page lists negative balance protection among the features of a global account, with a stop-out at 20%. During the application, TMGM makes clear which documents govern the account. The company also uses an external auditor and carries professional liability insurance of up to AUD 10 million in cover. What I would not assume here is a government-backed compensation scheme: none is named for the Vanuatu entity. That gap is worth weighing before you fund the account.

The Seychelles and Mauritius companies appear in tmgm.com’s footer, and Trademax Australia Limited holds ASIC licence AFSL 436416 for Australian clients only. That matters if you are weighing what carries over: the leverage caps, the 50% stop-out and the swap-free terms at the Australian company sit outside a global account. TMGM no longer holds a New Zealand FMA licence, its former licence having passed to another firm in September 2024, and tmgm.com excludes residents of the United States, Malaysia and Thailand from its intended audience. No MAS, CIRO, CFTC or NFA licence exists anywhere in the group, and I would treat the ASIC licence as covering the Australian business alone rather than the global account. The CIRO dealer directory sorts firms into three dealer categories: Mutual Fund Dealer, Investment Dealer, and Investment Dealer & Mutual Fund Dealer.

2. Reputation

TMGM was founded in 2013 and drew 33,360 worldwide branded Google searches in September 2026, ranking it the thirtieth most popular of the 61 brokers we track. Similarweb data from February 2026 ranks it 43rd by visits, with 231,917 for the month. The client base tells a bigger story, with more than 300,000 clients across over 150 countries (Source: Finance Magnates). Reported trading volume points the same way: a record of about US$3 trillion in March 2026, against US$195 billion as far back as July 2020. I read that as a substantial operational footprint that its search and traffic rankings understate.

Show all 65 countries

Country, 55 rows.

Country	2026 Monthly Searches
Singapore	720
Canada	590
Japan	590
India	480
Germany	320
France	260
Turkey	170
Netherlands	140
United Arab Emirates	140
Cyprus	140
Egypt	140
Spain	110
Pakistan	110
Poland	110
Cambodia	110
Brazil	70
Nigeria	70
Philippines	70
Colombia	50
Mexico	50
Bangladesh	50
New Zealand	50
Sweden	50
Switzerland	50
Uzbekistan	50
Austria	40
Greece	40
Argentina	30
South Africa	30
Saudi Arabia	30
Chile	20
Portugal	20
Kenya	20
Ireland	20
Algeria	20
Dominican Republic	10
Peru	10
Ecuador	10
Venezuela	10
Costa Rica	10
Panama	10
Guatemala	10
Morocco	10
Bolivia	10
Uruguay	10
Ghana	10
Sri Lanka	10
Uganda	10
Honduras	10
Jordan	10
Tanzania	10
Ethiopia	10
Mauritius	10
Mongolia	10
Botswana	0

3. Reviews

Our score for TMGM is set against every other broker on compare broker accounts.

What traders say about TMGM

What other review sites say about TMGM

These are ratings of TMGM from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	4.2 / 5	1,093	Oct 1, 2026

TMGM holds a Trustpilot rating of 4.2 out of 5 from 1,093 reviews, checked Oct 1, 2026.

App Store and Google Play ratings for TMGM

Our score is based on published criteria and is not influenced by these third-party ratings.

How popular is TMGM?

TMGM drew 33,360 branded Google searches in September 2026, placing it 30th of the 61 brokers ranked in this market, outside the top 10. Search interest measures attention, not quality; the score above is the review verdict.

30of 61Search interest rank

33,360

Brand searches, September 2026

0.0%

vs August 2026

4,720

Login searches

0.5%

Share of all searches

Source: Google search volume, Worldwide, September 2026.

How this is measured

Google Ads reports how many times a month people searched each broker's brand terms, and the brokers are ranked on that figure alone.

A term counts for a broker only when that broker's own website holds the first organic Google result for it; bare brand words that any company could own are left out.

A month-on-month change prints only where the previous month reached 1,000 searches, because Google rounds smaller volumes.

The figures refresh on the 15th of each month with the newest month Google has published, and the first-result check repeats every quarter.

TMGM at a glance

TMGM spreads and fees

What trading TMGM costs

One standard lot of EUR/USD on TMGM's raw account costs US$8.50 for the round turn: 0.15 pips of spread (US$1.50) plus US$7.00 commission. One standard lot of EUR/USD on TMGM's standard account costs US$10.00 for the round turn: 1 pip of spread (US$10.00), with no commission.

Cost of trading EUR/USD with TMGM, at 1 standard lot and 20 trades a month

Account	A month of trading	One round turn, 1 lot
Raw spread plus commission0.15 pips, tested, US$7.00 commission	US$170.00	US$8.50
One spread, no commission1 pip, tested	US$200.00	US$10.00

A pip on EUR/USD is US$10.00 per standard lot, so the cost of a round turn is the spread in pips times that, plus any commission.

TMGM is a no dealing desk broker that routes orders through electronic communication network (ECN) pricing, with quotes aggregated from prime of prime liquidity providers connecting investment banks and non-bank market makers. The Edge account pairs raw spreads from 0.0 pips with commission, while the Classic account starts from 1.0 pip with the cost built into the spread. I consider that structure competitive for a broker of this kind.

1. Raw Account Spreads

The Edge account is TMGM’s true ECN account where you will find TMGM’s lowest spreads. This account has TMGM’s lowest spreads since it uses ECN execution to source spreads directly from liquidity providers. Each month, we compile the average spreads brokers list on their website for major forex pairs. The table below compares the average spreads for major forex pairs. As you can see, the average spread for the most popular pair (EUR/USD) is exceptionally tight and the best in the market.

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026, corrected 12 Oct 2026

On most currency pairs, our comparison places TMGM’s spreads under the standard average, which is where I like a raw account to sit.

2. Raw Account Commission Rate

To keep spreads low and true to the quotes provided by liquidity providers, a commission to open and close a position is also charged. On forex, traders pay a $7 commission round turn ($3.50 one way) for each standard lot. I noted that EDGE also carries a $5 round-turn commission on precious metals, which is below the industry average.

3. Standard Account Fees

The Classic account charges no commission, because the broker’s fees sit inside the spread, which starts from 1.0 pip. That is wider than the pricing in the Pepperstone Review and IC Markets Review, and wider than some market makers such as Markets.com Review. It still fares better than the average broker, which is why I would not rule the account out for casual traders.

4. Swap-Free Account Fees

If paying or receiving overnight interest conflicts with your faith, TMGM offers a swap-free account that removes those charges. Position sizing still matters, so check each trade’s exposure with the lot size calculator. The US$100 minimum deposit applies as it does across the account range.

Leverage

At Trademax Global Limited, leverage runs up to 1000:1 on forex and gold, though only 34 of its 56 forex pairs reach that ratio; the other 22 sit at 100:1. Above US$5,000 in equity, the ceiling comes down to 500:1. Silver and platinum run to 200:1, indices to 500:1, oil to 200:1, and shares to 20:1. Crypto reaches 200:1, with Bitcoin at up to 500:1 and smaller coins at 20:1. I would treat ratios this high with real caution, because a small adverse move can take most or all of a leveraged balance. The caps at Trademax Australia Limited, such as 30:1 on forex, sit outside a global account, so check the margin you are committing on every trade.

5. Other Fees

There are no charges on deposits or withdrawals. I noted an inactivity fee of USD $10 per month, charged after 12 months of account inactivity.

Verdict on TMGM Fees

Edge is the account I would point active traders to: tight raw spreads plus commission, at US$3.50 per side (US$7 round turn). Classic suits anyone who prefers one commission-free price with wider spreads.

Deposits and withdrawals with TMGM

What is the minimum deposit at TMGM?

The minimum deposit at TMGM is US$100, though some methods go lower, with USDT from US$50. RMB Instant needs US$500, and I would start at the US$100 floor with a card or bank transfer.

Deposit Options and Fees

Deposits cost nothing at TMGM. A global account can be funded by bank transfer, Visa and Mastercard cards, Google Pay, Apple Pay, Revolut, Wise, Interac, RMB Instant, AsiaPay, regional e-wallets for IDR, MYR, VND and PHP balances, USDT, Neteller and Skrill, though which of these you can use depends on where you live. Client money sits apart from the broker’s own operating funds, in segregated accounts.

Withdrawal Options and Fees

Withdrawals carry no fee, though the method list is narrower than deposits: bank transfer, RMB, USDT on the TRC20 network only, Neteller, Skrill, and regional mobile e-wallets. Cards, Google Pay, Apple Pay, Revolut, Wise, Interac, and RMB Instant are deposit-only, a restriction I would check before funding through any of them.

TMGM trading platforms and app

TMGM offers a small, focused set of trading platforms. The current options are MetaTrader 4, MetaTrader 5, and the proprietary TMGM App. Let me walk through what each of them offers.

MetaTrader4

MetTrader4 (MT4) is widely considered the gold standard trading platform for forex trading, so it is no surprise MT4 is TMGM’s most popular trading platform. This platform offers all the essential features both beginner and experienced traders need to quickly and easily analyse financial markets and trading conditions. With MT4, traders can view live price feed, see up-to-date financial news, use analytical tools, and consult technical charts, giving users the best opportunity to make the right trading decisions. The only weakness with choosing MT4 is the range of shares is limited compared to MetaTrader 5. Currently, you can only trade the 30 most popular US Stocks as CFDs and trading of these shares can only be done MT4 server time Monday-Friday 16:30~23:00 which is Eastern European Time (EET) or GMT+3.

The MT4 trading platform is available through TMGM in the following formats: Desktop Platform MT4 trading platform is available for all Windows desktops. macOS users can run MT4 via the official MetaTrader 4 macOS build or through tools such as PlayOnMac or Parallels for newer macOS versions. The MT4 desktop trading platform provides a clean, stylish interface that’s especially great for novice traders as it means the screen avoid unnecessary clutter. Traders can customise their dashboard with various charts while using dozens of technical indicators to know exactly what’s going on. With the TMGM MT4 desktop platform, traders have access to their trading positions, along with any other pertinent account information. One of the key features is the ability to automate your trading using Expert Advisors (EAs). MT4 has one of the largest marketplaces of all platforms allowing you to access a wealth of trading robots along with indicators. Some of them are even free. With the MT4 desktop platform, you’ll have access to:

• 9 timeframes
• 30 built-in indicators and 2000 free indicators
• 4 types of pending orders, including stop orders and trailing stops
• 70 paid indicators
• 1700 trading robots and 2100 technical indicators
• Expert Advisors (EAs) for trading automation (<30 ms trading execution)
• MT4 Strategy Tester for backtesting using historical market data on EAs and indicators
• If you prefer to trade via your browser, Web Trader is also available.

Mobile Platform MT4 also comes as a mobile app, so whether you carry an Android device or an iPhone or iPad, your trading can travel with you. The MT4 mobile application gives you:

• 9 timeframes (M1, M5, M15, M30, H1, H4, D1, W1 and MN)
• 30 technical indicators
• 24 analytical/graphical objects +
• 3 types of bar charts (bars, Japanese candlesticks and broken lines)
• Full execution modes and types

MetaTrader 5

MetaTrader 5 (MT5) is the successor to MT4, and as you would expect it keeps the features you already know while adding more. The extras include extra charting timeframes and order types, a strategy tester that handles multiple currencies, a larger set of trading tools, and depth of market pricing. MT5 runs live at TMGM alongside MT4, and I would use either platform for the full instrument range.

TMGM app

The TMGM App is the broker’s own mobile platform, available on iOS and Android, and I like its clean, mobile-first design. It carries the same instrument range as the MetaTrader platforms, with live charts, watchlists, and TMGM Copy Trading built in. Desktop and web traders are still better served by MT4 or MT5. HUBX For Fund Managers Developed by TMGM in partnership with LifeByte, this platform helps fund managers and their clients work together when trading. The product integrates with MetaTrader 4 and comprises 3 distinctive features. Multi-Account Manager (MAM) For Fund Managers This function is designed for fund managers to help them manage all their clients’ accounts through a single terminal. In simple terms, MAM is a master account to manage client accounts in one place. This in effect allows fund managers to create a forex trading fund since the fund managers’ trading strategies can seamlessly be allocated to the client account as well. A unified Dashboard is available so fund managers can monitor their clients along with important data in one place. Copy Trading Much in the same way MAM allows fund managers to copy their trades to their clients, HUBX also has copy trading features, so trades can be copied across accounts. Account Monitoring And Risk Management Tools For Clients Clients can monitor and control what their fund manager does with their accounts through portfolio management controls. This feature captures all movements fund managers do with the client’s accounts and manages their positions along with risk allocations. Risk Management Since CFDs and forex are complex instruments that come with a high risk for investors and traders, risk management tools and regulations are vital. As a result, TMGM offers standard risk mitigation tools like stop orders, trailing stops, and take profits. However, you won’t have any special features like guaranteed stop loss. tmgm.com’s account-types page lists negative balance protection among the features of a global account. A stop-out at 20% also works to cap losses before the balance runs down. However, TMGM takes additional steps to ensure risks are kept to a minimum on its platform. Here are a few other ways the site mitigates risk for its users: External Audits TMGM uses an independent, external auditor to ensure that regulatory obligations and compliance are met. These auditors also provide direction for platform obligations and operational processes. Trusted Banks Client money is kept apart from the broker’s own operating funds, in segregated accounts. High-net-worth organisations and individuals are given separate accounts of their own. These clients can log in to dedicated bank accounts and check their balances whenever they like. Protected Assets TMGM focuses on a customer-first approach by providing professional liability insurance. This insurance is used to protect customer financial security while meeting the requirements of several regulatory entities. TMGM’s insurance company provides users up to AUD 10 million in coverage.

Markets you can trade with TMGM

CFDs

Besides forex trading, TMGM offers a variety of other CFD products. Let’s take a closer look at what the platform offers.

Forex is the largest market on earth, moving more than US$6.5 trillion every day, while the New York Stock Exchange handles only around US$20 billion. The market runs around the clock, five days a week, so you can trade whenever your schedule allows. On its product schedule Trademax Global Limited carries 56 pairs across majors, minors, crosses, and exotics. Spreads start from 0.0 pips on the Edge account, which matters if you take short-term positions. Leverage runs up to 1000:1 on 34 pairs and 100:1 on the other 22, and I consider that generous flexibility for a global account, though it cuts both ways when a trade moves against you. Indices Trading index CFDs opens the stock markets of several countries from one account. You get 15+ index CFDs at Trademax Global Limited, including the S&P 500, the DAX, the Nikkei, and the FTSE 100, with leverage up to 500:1. Some of the other features TMGM offers with index CFDs include:

• Pay no commission when trading CFDs on Indices
• Always get filled with the best rates thanks to the deep liquidity pool created by Tier 1 liquidity providers on the TMGM platform.

Share Trading

Share CFDs at Trademax Global Limited span US and Hong Kong exchanges, and the global site’s trading-hours page counts 269 symbols in total, split 89 on .NAS, 81 on .NYS, and 99 on .HKG. You can go long or short, and open positions attract dividend and interest adjustments. MT5 runs the full share range, while MT4 covers only a smaller US subset, so I would pick MT5 if share CFDs are your focus. Leverage on share CFDs is 20:1. That means a small deposit gives you exposure to share price movements in either direction, the main draw of a CFD over buying the stock itself. The pricing you see also reflects genuine market liquidity. There are plenty more reasons to trade CFD shares with TMGM, which include:

• Low commissions on your CFD shares trades
• Competitive CFD market prices via MT5 with real liquidity access

Precious Metals Precious metals let you diversify without holding the metal itself, and TMGM offers CFDs on gold, silver, and platinum with spreads that start at 0.0 pips. If you trade them, you get the speculation and diversification benefits of the safe-haven asset class from your MT4 account. Energies The energy range is narrower: Brent and WTI crude make up the whole of it, with spreads from 0.2 pips. That is still enough to take a view on oil without buying and storing barrels. Cryptocurrencies Crypto coverage runs to about 20 coins, including Bitcoin, Ethereum, Litecoin, XRP, and Bitcoin Cash, and you trade your favourite coins on MT4 rather than opening another window. I like that the range is honest about what it is: a broker’s CFD menu, not an exchange.

Crypto CFDs trade around the clock, seven days a week, so you can trade whenever suits. Crypto leverage at Trademax Global Limited runs up to 200:1, and TMGM prices these CFDs as a broker rather than hosting them on an exchange.

TMGM customer service, research and education

Support runs through live chat, phone, and email, available 24 hours a day, seven days a week, weekends included. If you need help, chat is where I would start: TMGM promises email replies inside 24 hours, so the desk has a stated turnaround for that channel. The chat supports more than 10 languages, including English, Chinese, Vietnamese, Portuguese, Spanish, Thai, Arabic, French, Indonesian, Italian, and Filipino, so you can speak to the desk in your own language where it is covered. Phone support sits alongside it if you would rather talk through a problem. Whenever you hit an issue with your account or your trades, one of those three channels is open, and you can also leave feedback when a chat ends.

Research and education

TMGM Academy

The TMGM Academy is where I would send a new trader first. Its three stages, Beginner, Intermediate, and Advanced, let you build up from the basics.

Beginner Stage

This stage of the TMGM Academy prepares novice traders for their forex trading journey. The Beginner Stage develops a firm foundation based on understanding margin trading, how to read various types of charts, plus an introduction to trading instruments, oscillators, indicators, and support plus resistance.

Intermediate Stage

TMGM Academy’s Intermediate Stage focuses on more technical aspects of forex trading. This includes considering indicators like MACD, RSI, ATRs, Moving Averages, and more. TMGM introduces Fibonacci and Fundamental analysis, plus effective ways to employ them in trading.

Advanced Stage

The Advanced Stage in the TMGM Academy is where traders get deep into various trading strategies and how to apply them. This stage includes learning about advanced forms of Fibonacci extensions and retracements, RSI, correlation, and trade management.

Our final verdict on TMGM

TMGM offers CFDs and forex to institutions and retail traders alike, and I think that breadth is genuine rather than a tagline. Several platforms and a set of analysis tools support in-depth market research, which gives traders a basis for informed decisions.

Trading conditions are competitive, with deep liquidity, several account types, and a wide range of funding options. I would not promise anyone the lowest possible prices, but the structure gives you a fair shot at tight execution.

You can start with US$100 across a variety of CFD markets. Whether the preference is forex, energy, precious metals, or shares, TMGM covers the market, and the TMGM Academy is there if you want to learn something new. I would call that a well-rounded package for the deposit size.

Compare TMGM Competitors

Versus, comparison pages of alternative online brokers to TMGM are listed below.