TMGM Review Of 2026

Trading Fees

TMGM is a no dealing desk broker that uses electronic communication network (ECN) trading execution. They work with the best ‘prime of prime’ liquidity providers connecting investment banks and non-bank market makers and aggregating the quote they provide into one liquidity pool. This allows TMGM to deliver some of the best ECN pricing in the market. TMGM offers decent spreads, with a low of 0.0 pips with their Edge account and 1.0 pips for the standard account.

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.

ECN Forex Spread Comparison	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY
	0.10	0.21	0.54	N/A	0.40
	0.14	0.34	0.72	0.28	0.78
	0.00	0.20	0.20	0.10	0.20
	0.10	0.10	1.00	0.30	1.20
	0.10	0.10	0.50	0.20	0.40
	0.90	0.13	0.17	0.14	0.14
	0.30	0.40	0.50	0.50	0.50
	0.00	0.10	0.50	0.10	0.20
	0.16	0.29	1.50	0.54	0.68
	0.20	0.40	0.60	0.50	0.70
	0.10	0.40	0.36	0.50	0.50
	0.10	0.50	0.70	0.60	0.40
	0.30	0.90	0.70	0.69	0.93

Avg. spreads are taken from each broker's website and updated monthly. Last update on 1 June 2026

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

This account has no commissions since the broker’s fees are included in the spreads. Most brokers call this their standard account. Spreads with this account start from 1.0 pip, which is quite high compared to the Pepperstone Review and IC Markets Review, as well as some market maker brokers as shown in the Markets.com Review. However, they do fare well against the average broker.

4. Swap-Free Account Fees

If you can’t pay or receive interest because of your religious beliefs, TMGM also offers a Swap Free account. Swap-Free accounts are only available for Edge account types, which means they have a $100 minimum deposit, along, and a 0.01 lot minimum lot size. Leverage Leverage is a vital tool in trading. It is often one of the first things a trader will explore. Whether they are experienced or novice, traders want to know the leverage a new forex broker offers. For Australian retail clients regulated under ASIC, leverage is capped per ASIC product intervention order. I found the caps applied consistently across CLASSIC and EDGE accounts at the AU entity (Trademax Australia Limited, AFSL 436416): 1:30 on forex, 1:20 on indices and precious metals, 1:10 on energies, 1:5 on shares, and 1:2 on cryptocurrencies. For everyone else, TMGM operates under its offshore arms: Trademax Global Limited (VFSC Vanuatu, reg. 40356), Trademax Global Markets (SE) Limited (FSA Seychelles, SD224), and Trademax Global Markets (International) Pty Ltd (FSC Mauritius, GB22201012). In my opinion, the offshore leverage profile is one of the more competitive in the market: up to 1:1000 on forex and precious metals, 1:500 on indices, 1:200 on energies and cryptocurrencies, and 1:20 on shares. One note on New Zealand. TMGM is no longer FMA-regulated in NZ. The former Trademax Global Markets (NZ) Limited derivatives licence (FSP 569807) was transferred to Zero Markets (NZ) Limited, a separate company, in September 2024. NZ residents who visit tmgm.com today are routed to TMGM offshore signup under Trademax Global Limited (VFSC Vanuatu), where the offshore leverage profile above applies.

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

TMGM offers competitive trading fees, with the Edge account featuring tight spreads and a commission, while the Classic account has no commission but wider spreads.

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Trading Platforms

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 The MT4 platform is also available as a mobile app. Whether you use an Android device or prefer an iOS iPhone or iPad, you can take your trading platform with you anywhere you go. With the MT4 mobile trading platform, you can trade anytime, anywhere. With the MT4 mobile application, you’ll have access to the following: Interactive real-time Forex charts with zoom and scroll options

• 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

As you would expect, MetaTrader 5 (MT5) is the successor to the MetaTrader 4 platform. While you’ll get all the same functionality and features you came to love with MT4, MT5 offers a few more advanced options. These include additional charting timeframes and order types, a multi-currency strategy tester, a larger variety of trading tools, and depth of market (DOM) pricing. MT5 is fully available as a live trading platform at TMGM, alongside MT4. Both platforms support the full range of TMGM’s forex, indices, commodities, metals, and cryptocurrency instruments.

TMGM App

The TMGM App is the broker proprietary mobile platform, available on iOS and Android. I found it set up for traders who prefer a clean, mobile-first interface over a full desktop terminal. It supports the same instrument range as the MetaTrader platforms, with live charting, watchlists, and integrated copy trading for offshore clients. For traders who want a one-screen mobile experience without juggling third-party apps, in my opinion the TMGM App is a reasonable option. Desktop and web traders are 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. ASIC requires brokers to offer negative balance protection to Australian retail traders. I found that offshore clients (under VFSC Vanuatu, FSA Seychelles, or FSC Mauritius) do not have the same protection requirement, so they will not have access to this feature. 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 Your funds are stored in only the most trusted financial institutions. All client assets are kept in an Australian authorised deposit-taking institution (ADI), with an AA rating. The National Australian Bank is one of the largest banks in Australia. TMGM offers separate accounts for high net worth organizations and individuals. These accounts have access to log into dedicated bank accounts and check their balances whenever they want. 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.

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Is TMGM Safe?

TMGM has a trust score of 56 out of 100 according to the broker’s regulation, reputation, and reviews.

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1. Regulation

In Australia, TMGM operates as Trademax Australia Limited (trading as TMGM), holding Australian Financial Services Licence No. 436416 issued by ASIC, a tier-1 regulator with strict client-money rules and capital adequacy requirements. TMGM is no longer FMA-regulated in New Zealand. The former Trademax Global Markets (NZ) Limited derivatives licence (FSP 569807) was transferred to Zero Markets (NZ) Limited in September 2024, a separate company. NZ residents who land on tmgm.com today are routed to TMGM offshore signup flow under the VFSC Vanuatu entity, and trade under offshore terms rather than NZ-regulated terms. TMGM offshore operations run through three entities: Trademax Global Limited under the Vanuatu Financial Services Commission (registration 40356), Trademax Global Markets (SE) Limited under the Seychelles Financial Services Authority (licence SD224), and Trademax Global Markets (International) Pty Ltd under the Mauritius Financial Services Commission (licence GB22201012). Clients from countries such as Singapore, the Philippines, Thailand, Malaysia, and Canada are served via these offshore entities rather than through local regulators in those countries. TMGM does not offer electronic trading facilities to US citizens or US residents.

2. Reputation

TMGM was founded in 2013 in Sydney, Australia. This broker maintains a moderate profile in the forex trading space. With approximately 27,100 monthly Google searches, it ranks as the 39th most popular forex broker among the 67 brokers we analyzed. Similarweb data from February 2026 shows a slightly lower positioning, with TMGM ranking as the 43rd most visited broker with 231,917 global visits. They have reported serving over 300,000 clients globally across more than 150 countries (Source: Finance Magnates). In terms of trading activity, TMGM reported a record monthly trading volume of approximately USD $3 trillion in March 2026, the highest in the company’s history (Source: TradingView). Historical benchmark data showed monthly volumes of $195 billion as far back as July 2020. This suggests that despite its middle-tier search and traffic rankings, TMGM has established a substantial operational footprint that exceeds what its online visibility metrics alone would suggest.

Country	2026 Monthly Searches
Australia	2,400
Italy	2,400
Indonesia	2,400
Taiwan	1,900
Malaysia	1,600
Hong Kong	1,600
Thailand	1,000
United States	1,000
United Kingdom	1,000
Vietnam	880
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

2026 Average Monthly Branded Searches By Country

Australia	1,900 1st
Italy	880 2nd
Indonesia	1,000 3rd
Taiwan	2,400 4th
Malaysia	1,900 5th
Hong Kong	1,300 6th
Thailand	1,300 7th
United States	3,600 8th
United Kingdom	720 9th
Vietnam	1,000 10th

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3. Reviews

Despite the low search volume, they managed to have a solid Trustpilot score of 4.1 out of 5 from approximately 912 reviews.

Deposit And Withdrawal

What is the minimum deposit at TMGM?

The minimum initial deposit for a TMGM account is USD $100. Some funding methods accept a lower minimum (USDT from $50), while RMB Instant requires $500. The AU FAQ recommends $500 as a practical starting balance, with $50 as the absolute floor.

Deposit Options and Fees

TMGM does not charge funding fees. AU clients can fund via Bank Transfer, Credit and Debit Cards, USDT, Skrill, Neteller, FastPay, VND and PHP e-wallets, MYR QR, Revolut, Wise, and Asia Instant Pay. Offshore clients have a broader deposit list that adds Google Pay, Apple Pay, RMB Instant, Interac, AsiaPay, and additional regional e-wallets (IDR, MYR, VND, PHP). AU client funds are held in segregated client trust accounts at National Australia Bank (an AA-rated Australian ADI), separate from TMGM operating funds, and managed in accordance with Australian client money rules (Source: TMGM Deposit and Withdrawal page).

Withdrawal Options and Fees

There are no withdrawal fees. I noticed that offshore withdrawal options are more restricted than the deposit list: Bank Transfer, RMB, USDT (TRC20 only), Neteller, Skrill, and regional mobile e-wallets are supported on withdrawal, while Cards, Google Pay, Apple Pay, Revolut, Wise, Interac, and RMB Instant are deposit-only. AU clients can withdraw using the same set of methods they deposited with.

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Product Range

CFDs

Besides forex trading, TMGM offers a variety of other CFD products. Let’s take a closer look at what the platform offers. Forex The forex market is the largest in the world with more than $6.5 trillion in daily trading volume. By comparison, the New York Stock Exchange does just $20 billion. It’s not even a comparison. It’s a market that offers trading for anyone in the world, as it’s available 24 hours a day, five days a week. With TMGM, you will have access to the most popular currency pairs, including major, minor, exotic, and cross-pairs (specific pair count is being separately verified at the time of writing). Spreads start at 0.0 pips on the EDGE account, and offshore retail clients can access leverage up to 1:1000 on forex, including NZ residents who are routed through the offshore signup. AU retail clients are capped at 1:30 under ASIC. Indices Trading Indices provides a way for you to gain exposure to the stock markets of countries from around the world. With TMGM, you can trade on over 12 different Indices, including the US S&P 500, the German DAX, the Japanese Nikkei, and the UK FTSE 100. Not only will you gain access to a range of CFD index markets, but I think the leverage profile here is worth highlighting. AU retail clients can trade index CFDs at up to 1:20 under ASIC, while offshore retail clients can access up to 1:500 on indices. 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

If you’re interested in trading shares, TMGM is your gateway to markets throughout the globe. You’ll have access to a range of shares in places like Australia, Hong Kong, and the United States. TMGM gives traders the option to short (sell) and long (buy) many of the shares available. This includes taking part in the interest and dividends of holding these positions. Share CFDs at TMGM are traded through MetaTrader 5, which carries the meaningful range across multiple international exchanges. MetaTrader 4 also supports a smaller subset of US shares. I found the broader share offering sits with MT5 for serious share CFD traders. One of the biggest advantages of using TMGM for trading CFD shares is that you will gain exposure to stock price movements with just a small deposit. TMGM offers a wide range of share CFDs (exact count is being separately verified at the time of writing), plus price transparency when traders take part in real market liquidity. There are plenty more reasons to engage in CFD Shares trading with TMGM. These include:

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

Precious Metals One of the best ways to diversify your portfolio is through trading precious metals. That’s because precious metals are placed in the ‘safe haven’ asset class, which has a certain appeal during volatile and uncertain times. When trading CFDs on precious metals, TMGM gives you the ability to enjoy the benefits of diversification and speculation without having to have the precious metals themselves in your possession. With a TMGM MT4 account, you’ll have access to trade Gold, Silver, and Platinum CFDs. Plus, with the proprietary TMGM Aggregation engine, you’ll get the best spreads available, which start at 0.0 pips. Energies Another great way to diversify your portfolio is through trading CFDs on energies like gas and oil. With TMGM, you can access these markets without purchasing the energies themselves. For example, you can trade CFDs on Brent Crude Oil or WTI Crude Oil through the TMGM platform. Not only that, but you can trade in the Natural Gas Market as well. Access to these markets offers a great way to trade in areas that aren’t often given as much attention. You’ll also have access to the best spreads, which start at 0.2 pips, thanks to TMGM’s proprietary Aggregation Engine. Cryptocurrencies TMGM also offers crypto trading for its investors and traders interested in digital assets. Traders have access to the 20 most popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). You can trade your favourite digital assets right from the MT4 platform, so you don’t have to open up another window on your desktop. Crypto markets are open 24 hours a day, 7 days a week, so you can trade anytime you want. Plus, TMGM is a regulated exchange, which means you have access to the most popular digital assets with the protection of ASIC and VFSC regulations.

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Customer Service

If you regularly use an online trading platform like TMGM, there’s always a chance you can run into problems. Whether it’s a significant issue or a small snafu, it’s always nice to know that if you need someone, help is just a click or a phone call away. For customer support, you can contact TMGM through live chat, over the phone, or via email. The live chat feature is fantastic. You’ll get quick responses that are relevant and helpful. Plus, you can provide your own feedback when the chat concludes. If you need to chat with someone, you’ll get a real, live person, not a chatbot feeding you canned lines that you get with some other platforms. The representatives are knowledgeable, and if you need it, TMGM’s chat supports over 10 different languages. That means you’ll be speaking with someone who understands you. Languages available include English, Chinese, Vietnamese, Portuguese, Spanish, Thai, Arabic, French, Indonesian, Italian and Filipino. Similarly, TMGM’s email support team is quick to respond. While it won’t be as fast as the response you’ll get through chat, the team typically gets back to you within 24-hours. Phone support is a hit or miss. While calls are answered quickly, it can be difficult to find an expert advisor who can explain the answer to your question. TMGM support channels are available 24 hours a day, 7 days a week, including weekends. In my experience, response times during off-hours are slower on phone than on live chat, but coverage is genuinely round-the-clock.

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Research and Education

TMGM Academy

Besides customer support, TMGM offers a unique feature called TMGM Academy. Through the TMGM Academy, you can learn about the ins and outs of forex trading. There are three stages available, Beginner Stage, Intermediate Stage, and Advanced Stage.

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.

Final Verdict on TMGM

This TMGM review found this online broker offers CFD and forex to professional institutions and retail traders. The platform offers clients a range of trading platforms and analysis tools that allow for in-depth market research. Having these tools provides users with a way to make informed, educated decisions.

Trading conditions on the TMGM platform are very competitive. However, with deep liquidity, enhanced executions, and lightning-fast servers, you’ll get the best prices possible on your trades. It doesn’t hurt that there are multiple account types from which you can choose, plus a wide range of funding options.

Users can fund their accounts with as little as $100 to get started with a variety of CFD markets. Whether you prefer forex, energy, precious metals, or shares, TMGM has the market for you. You’ll get excellent customer service and if you want to learn anything new, you can check out the TMGM Academy.

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