TMGM Review

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TMGM is an ECN broker that offers thousands of trading instruments including forex trading and CFDs on metals, indices, energies, commodities, crypto, stocks and shares, through the MetaTrader 4, MetaTrader 5, Iress and HubX trading platforms. 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.

TMGM Review, Pros & Cons
  • Strict regulation
  • Sophisticated MetaTrader 4, Iress & HubX platforms
  • 15,000 trading instruments
  • Tight spreads from 0 pips
  • Low fees
  • 10+ free funding options
  • Fast trade execution speeds
  • Free VPS
  • MAMM service
  • TMGM Academy
  • Swap-free Islamic accounts
  • 24/5 customer service
  • Cannot accept USA clients due to US regulations
  • Minimum $100 deposit

In this detailed TMGM review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

TMGM Overview

Trademax Global Markets (TMGM) is an online broker offering forex and CFD to individual retail traders and professional institutions. They provide clients with the sophisticated MetaTrader 4, MetaTrader 5, Iress and HubX trading platforms for trading multiple tradable assets, such as CFDs on forex currency pairs, commodities, indices, metals, energies, cryptocurrency and shares.

Trademax Global Markets Features

Trademax Global Markets Features

The broker implements the ECN execution model and offers a leverage of up to 1:500. They have a highly professional and independent technical team with a selection of different account types to meet trader’s individual needs. The minimum deposit required to start trading with TMGM is just $100.

TMGM Overview

TMGM Overview

Trademax Global Markets clients get access to lightning speed execution with razor-thin spreads for some of the best trading conditions of any online broker:

  • Partnerships with top-tier Liquidity Providers
  • Powered by OneZero Financial Technology
  • State of the art Equinix data centres in New York NY4 and Tokyo TY3

TMGM have built the perfect environment for automated trading systems (EAs) to thrive. They allow scalping, hedging, news trading and more. There are no requotes and no minimum stop loss distance.

TMGM Execution Model

TMGM Execution Model

TMGM Regulation

Trademax Global Limited, trading as TMGM, is a financial services company and regulated by Vanuatu Financial Services Commission (VFSC), with the license number 40356.

Trademax Australia Pty Ltd, trading as TMGM, is authorized by Australia Security and Investment Commission (ASIC) with an Australia Financial Services License 436416.

Trademax Global Markets (NZ) Limited is regulated by the Financial Markets Authority in New Zealand (FMA). FSP No. 56980.

TMGM hold clients’ money in a ‘pooled’ client trust account and is strictly separated from the company funds.

TMGM Countries

TMGM allows traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. However, they specifically state on their website that they do not offer their online trading services to residents of the USA, Iran, Japan and the Democratic People’s Republic of Korea.

Some TMGM broker features and products mentioned within this TMGM review may not be available to traders from specific countries due to legal restrictions.

TMGM Platforms

The broker provides its clients with the intuitive and user-friendly MetaTrader 4 and MetaTrader 5 platforms in addition to the Iress and HubX trading platforms.

MetaTrader Platforms

MetaTrader Platforms

MetaTrader 4 (MT4)

MT4 is one of the most popular trading platforms in the market. The MT4 patform is replete with tools to help analyze the financial markets. It provides traders with live price feeds, technical charts, analytical tools, and up-to-date financial news to ensure that the traders are aware of what is happening in the market at all times. TMGM provides the MT4 trading Platform in the following versions:

MT4 Desktop ­­Platform

This is a desktop application for Windows computers. It offers a clear and user-friendly interface with many customizable charts and dozens of technical indicators. The MT4 Windows gives you access to your trade positions and other account information.

TMGM MT4 Desktop Platform

TMGM MT4 Desktop Platform

MT4 Web Platform

The MetaTrader 4 web platform allows you to trade directly through most modern web browsers without the need to download or install any additional software. The web platform can be accessed by simply logging into the broker’s client portal. Some features of the MT4 Web platform includes:

  • All types of trading orders and MT4 execution modes
  • One-Click trading
  • 30 indicators and 24 graphical objects for technical analysis
  • Real-time quotes in the market watch
TMGM MT4 Web Platform

TMGM MT4 Web Platform

MT4 Mobile Platform

The TMGM MT4 platform has a mobile app, which is compatible with iPhone/iPad and Android devices; it enables clients to trade from anywhere and at any time. The mobile app is customized and has the following features:

  • Full control over any trading accounts
  • Accessible from anywhere, provided there is an internet connection.
  • Full execution types and modes
  • Full charting timeframes and more than 50 indicators and analytical tools.
TMGM MT4 Mobile Platform

TMGM MT4 Mobile Platform

MetaTrader 5

MetaTrader 5 (MT5) is the follow up platform to MetaTrader 4. It maintains most of the same features and functionalities as its predecessor, with some more advanced functionalities. This includes depth of market (DOM) pricing, additional order types and chart timeframes, larger selection of trading tools, multi-currency strategy tester and more.

TMGM MetaTrader 5 Platform

TMGM MetaTrader 5 Platform


Iress Trader is a web-based online trading platform that dynamically streams market data across multiple product types and exchanges. By combining access to full market depth, an enhanced in-house charting system with live news flows, Iress Trader provides everything you need to try and maintain your edge in the market.




HUBx is a bespoke platform created from scratch by TMGM with fund managers and their clients in mind. With its cutting edge futuristic functions, it helps fund managers manage their clients along with their risk allocations more efficiently and easily. It’s advanced portfolio adjustment tools help clients take full control of their investments in an easy and intuitive manner.



HUBx’s smart logs and journals keep track of all important transaction information – this provides a truly transparent environment for clients to monitor their trading performance.

TMGM Trading Tools

TMGM care about clients having an enjoyable trading experience. That is why they provide them with a selection of trading tools to help with their daily trading activities.

Free VPS & MAMM Service

VPS (Virtual Private Server) hosting allows traders to run their trading platforms and expert advisors 24/5. Professional traders who meet the brokers minimum requirements can make use of the service. Should you become a money manager, you can also enjoy the MAMM service. HUBx brings advanced portfolio management controls to the hands of its users. Clients can easily monitor and manage their positions along with adjusting their risk allocations.

Dedicated Account Manager

The dedicated account managers are equipped to provide clients with any assistance they may require, and clients can communicate in their preferred method: face to face, over the phone, emails, or any other messaging service.

VIP Desk

The VIP Desk helps traders in tailoring their trading accounts to meet their demands; whether it be specific pairs going through the different liquidity providers of your choice, the VIP desk provides you with a solution.

TMGM Education

TMGM Academy

There is the TMGM Academy which provides different levels of forex education and training materials, not only for clients of TMGM but to individuals who are looking to learn about forex. The academy has a choice of trading courses, depending on your experience level.

The Beginner Stage

The beginner stage aims to prepare you for your journey into forex trading. This free course can help you build a strong foundation before you start. The course covers topics such as what margin trading is, the types of charts there are, along with a broad overview into technical indicators, price action, support/resistance and more.

The Intermediate Stage

The Intermediate Stage is slightly more technical for those who are looking to apply more advanced techniques to their daily trading activities. It takes a look at various indicators such as Moving Averages, MACD, Stochastic, RSI, ATRs, Bollinger Bands and more. It also covers the complex world of Fibonacci and important Fundamental analysis along with ways to employ that effectively in your day trading.

The Advanced Stage

The Advanced Stage goes into extra detail on the various forms of trading strategies utilizing what traders would have learnt in the previous trading courses, particularly in the Intermediate Stage. This course takes a look at advanced forms of support/resistance, Stochastics, RSI, Fibonacci (retracements & extensions), correlation and trade management. The broker also shares some of the trading strategies that they have put together using what has been learnt throughout the courses.

Diving straight to this section without first understanding what the basic and intermediate courses teach you could cause you to make mistakes so it may be a good idea to build up a strong foundation with the previous 2 courses first.

TMGM Instruments

TMGM provide multiple trading instruments across different asset classes, including forex, commodities, indices, cryptos, stocks, shares, metals, energies and more. There are several major, minor, and exotic currency pairs up for trading. TMGM offers a wide array of commodity CFDs that can be traded through the MetaTrader platform, allowing you access to these markets at your convenience no matter where you are in the world. Commodities offered include Gold, Silver, Platinum, WTI, and Brent. The broker also offers many types of Indices, such as the Dow Jones Industrial Average (DJIA), S&P 500, and FTSE 100 Index. There are also crypto and share CFDs on the Iress platform.


  • 50 currency pairs
  • Up to 1:500 leverage
  • Tight spreads from 0.0 pips
  • Deep liquidity


  • 15+ global indices
  • Up to 1:100 leverage
  • No commissions


  • 15,000+ global stocks
  • Earn dividends on your stocks
  • Trade on MT5 and IRESS

Precious Metals

  • Gold, Silver and Platinum
  • Up to 1:400 leverage


  • Trade Oil and Natural Gas
  • Up to 1:100 leverage

TMGM Accounts & Fees

TMGM have a variety of trading accounts to match every trading style across all levels of experience. Whether you’re a scalper, day trader, long term investor, use expert advisors (EAs) or are a discretionary trader – they have you covered.

TMGM Account Types

TMGM Account Types

You can choose between the TMGM edge and TMGM classic account. The minimum deposit starts from $100 whereas flexible leverage of up to 1:500 is available. One account does not charge a commission but has higher spreads whereas the other does have a commission charge of $7 per round turn but tighter spreads. Both accounts have ECN execution with a minimum 0.01 lot size.


The TMGM edge account has the lowest spreads, starting from just 0 pips. There is a small $7 commission per standard lot, per round turn. This account may be suitable for traders who are using strategies that require a tight spread.

  • Raw Spreads From 0.0 Pips
  • $3.5 ($7.0 round turn)
  • Min Deposit $100
  • Min Lot Size 0.01 Lot
  • Max Leverage 1:500
  • Free Funding
  • ECN Execution
  • EA Available
  • Islamic Account
  • Hedging Allowed
  • USD, EUR, GBP, AUD, NZD, CAD Base Currencies


The TMGM classic account has spreads from 1 pip but does not include any commission fee as it is already included within the spread. This account type may be preferred by those who are using more mid to long term strategies that are not so spread dependant.

  • Variable Spreads From 1.0 Pips
  • No Commission
  • Min Deposit $100
  • Min Lot Size 0.01 Lot
  • Max Leverage 1:500
  • Free Funding
  • ECN Execution
  • EA Available
  • Hedging Allowed
  • USD, EUR, GBP, AUD, NZD, CAD Base Currencies

Islamic Account

Islamic accounts that comply with Sharia law are available upon request. These are swap-free and thus, suitable for Muslim traders. The TMGM swap free account was created for clients who can’t receive or pay interest due to their religious beliefs. It is available for Edge accounts only.

Demo Account

Demo trading accounts which enable you to practice trading online with virtual funds are available. This can be a useful way to familiarise yourself with the brokers platforms and services.

As broker fees can vary and change, it is imperative to ensure that you check and understand all of the latest information before you open a TMGM broker account for online trading.

TMGM Support

The broker offers a knowledgeable customer support team who are on hand to give prompt response to clients’ inquiries. They can be reached via telephone, email and online chat. There is also a frequently asked questions (FAQ) section on the broker’s website, which gives detailed answers to some traders’ common questions. Support is available in English, Vietnamese, Thai, Spanish, Portuguese, Italian, Arabic, Chinese, Filipino, French and Indonesian.

From our experience, the TMGM customer support team were very prompt and polite with their responses to a variety of different questions.

TMGM Deposit & Withdrawal

TMGM accept a range of convenient payment methods for account funding and withdrawal, this includes Bank transfer, Credit/Debit cards, RMB Direct pay, POLi, Neteller, Skrill, UnionPay, Fasapay and Sticpay. Your funds are held securely in Tier 1 banks.

TMGM Funding Options

TMGM Funding Options

Withdrawals submitted before 4 pm Sydney time are normally processed on the same day (1 business day or less). Withdrawals submitted after 4 pm are processed the next business day.

TMGM strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your TMGM trading account.

TMGM Account Opening

To open a TMGM Global Account, you first open the brokers website, then, click on ‘get started’ on the top right corner and fill in the necessary details for registration and submit. Once you open the account you receive the Web login and the Warning Notice. The MT4 information you only receive later, when your account is approved.

TMGM Registration Form

TMGM Registration Form

TMGM does not charge any fees for opening an account. It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.


What is the TMGM minimum deposit?

The minimum deposit required by TMGM is $100. This is the minimum amount you will need to deposit in order to use the brokers platforms for trading online. We believe that $100 is very reasonable, especially considering some brokers have minimum deposit requirements into the thousands.

How do I deposit money into TMGM?

TMGM supports a wide range of payment providers allowing you to use the payment method that’s most convenient for you. They support account funding via Wire Transfer, Credit/Debit Card, RMB Direct Pay, POLi, Neteller, Skrill, UnionPay, Fasapay and Sticpay.

You can deposit funds in AUD, NZD, USD, EUR, GBP, CAD. For deposits from an external funding source (i.e., from your credit card to TMGM account in another currency) and withdrawals to an external funding source (e.g. from your TMGM account to a credit card in another currency), funds will be converted as per the daily bank rate. Clients can benefit from some of the most competitive rates in the industry.

Deposits into your account via online payment processors can be instant whereas bank transfers may take 3-5 business days for funds to reflect in your TMGM account. You can refer to the brokers website for the approximate processing time for each method.

What are the TMGM deposit fees?

TMGM do not charge for bank wire deposits or e-wallets but the sending and correspondent bank or e-wallet provider may charge according to their own fee structure.

How do I withdraw money from TMGM?

You can withdraw funds from TMGM using bank transfer and some e-wallets. Bank transfers can take a few business days to clear whereas e-wallet withdrawals can be instantaneous.

What are the TMGM withdrawal fees?

TMGM do not charge any fees/commission on withdrawals, however, you may be subject to fees from banks involved in the case of bank transfers. Please note that for e-wallets, there may be a fee for withdrawals, if you have not traded.

What is the TMGM commission fee?

The TMGM commission fee depends on your account type.

  • TMGM Edge Account: $3.5 ($7.0 per lot round turn)
  • TMGM Classic Account: No commission

The commission charge is very reasonable considering the brokers low spreads and rapid execution speeds. The classic account with no commission fee is also a great option for traders who do not mind a small spread mark-up.

Are there any TMGM inactivity fees?

Yes, the TMGM inactivity fee is $30 if your account balance falls below $500 or if it remains inactive for a period of over six months.

What are the TMGM account types?

TMGM keep things nice and simple with just 2 trading account types to choose from. There is the TMGM edge account that has spreads from 0 pips and a $7 commission fee. If you don’t want to pay a commission, the classic account has spreads from 1 pip and no commission fee.

Is there a TMGM demo account?

Yes, there is a TMGM demo account which you can open for free. It comes preloaded with virtual funds so that you can trade online without any risks. This is a great way to practice your trading strategies and to get used to using the brokers trading platforms.

What are the TMGM spreads?

TMGM have ultra-low spreads starting from just 0 pips on the edge account and 1 pip on the classic account. In the forex market, a spread is the difference in pips between the bid price and the ask price quote (buy/sell) in a currency pair. This is a charge that you pay the broker for each forex trade you make.

What is the TMGM leverage?

TMGM offer leverage of up to 1:500. Leverage means you can have a small amount of capital in your account controlling a larger amount in the market. E.g. With 1:30 leverage you are effectively using $1 to hold $30 dollars. With 1:500 leverage, you would be able to hold $500 using $1.

Whilst this can increase potential profits, it also significantly increases risk. It is therefore imperative that you have a clear understanding of leverage before trading online with leveraged positions.

What are the TMGM margin & stop-out levels?

The TMGM Margin Call is at 80% and the Stop Out Level is 40%. The stop out level is when your margin level falls to a specific percentage (%) level in which one or all of your open positions are closed automatically by the broker. This liquidation happens because the trading account can no longer support the open positions due to a lack of margin. If this level is reached, your broker will automatically start closing out your trades starting with the most unprofitable one until your margin level is back above the stop out level.

Do TMGM allow hedging, scalping, news trading & expert advisors?

Yes, with TMGM you are free to use all types of trading strategies including scalping, hedging and news trading. TMGM also allow automated trading in MetaTrader with expert advisors (EAs) and actually have very competitive EA trading conditions.

Is there a TMGM Islamic account?

Yes, TMGM offers an interest-free account for clients who can’t earn or pay swaps due to their religious beliefs. Keep in mind that the TMGM Islamic account is available for Edge accounts only. Swap free accounts do not receive or pay any interest/swap charges on overnight positions. There is a small financing fee for certain Instruments.

TMGM offers swap free accounts to the following Countries:

Azerbaijan, Bangladesh, Burkina Faso, Bahrain, Brunei, Brunei Darussalam, Algeria, Egypt, Guinea, Indonesia, Jordan, Kyrgyzstan, Kuwait, Morocco, Mauritania, Maldives, Malaysia, Niger, Oman, Pakistan, Palestinian Territory, Qatar, Sierra Leona, Chad, Tajikistan, Turkmenistan, Tunisia, Turkey, Uzbekistan, and Kosovo.

What are the TMGM trading instruments?

TMGM have an extensive choice of trading instruments with thousands to choose from including CFDs on Forex, Cryptos, Stocks, Indices, Commodities, Precious Metals and Indices. Whatever your interests, there is something for everyone to trade.

How do I open a TMGM live account?

You can apply for a TMGM account in just a few minutes by clicking the “start trading” button on the TMGM website and completing the short application form.

How do I verify my TMGM account?

Before you can start trading on TMGM, you will need to verify your account. This can be with a proof of identity (passport, drivers licenses, identity card, etc) and proof of address (bank statement or utility bill issued within the past 3 months, etc).

What is the TMGM trading platform?

TMGM have a great selection of trading platforms. Whether you’re on the go or on the desk, a novice or a pro, they have the right platform for you. You can choose between the popular MetaTrader platforms or the iRESS next generation web-based trading platform. All trading platforms come packed with features and functionalities that ensure a smooth trading experience, regardless of your experience level.

Where can I download the TMGM platform?

You can download or open the TMGM platforms free of charge from the brokers website. The MetaTrader apps you also get from the relevant app store on your iOS or Android mobile device.

Where is TMGM located?

Trademax Global Markets (TMGM) were founded in 2013 and are headquartered in Sydney, Australia. They also have offices throughout Australia and in Taiwan and Vanuatu.

Is TMGM regulated?

TMGM are regulated by some of the world’s leading financial jurisdictions, Australian Security and Investment Commission (ASIC), the Vanuatu Financial Services Commission (VFSC) and the Financial Markets Authority in New Zealand (FMA). This can help clients feel assured that they are trading with a safe and secure company.

What countries do TMGM accept?

TMGM welcome traders from all over the world but cannot accept clients from USA, Iran, Japan and the Democratic People’s Republic of Korea. TMGM is not intended for use by any person in any country or jurisdiction where such use is contrary to the local laws and regulations.

Is TMGM a scam?

No, TMGM is not a scam. They are a leading provider and innovator of CFD trading, constantly pushing the boundaries through cutting-edge research and development.

How can I contact TMGM support?

You can reach TMGM customer support by email, telephone, online chat and social media. We found them to be very efficient in response to a variety of different questions that we had for them.

TMGM Summary

TMGM is a regulated ECN broker that offers forex and CFD to individual retail traders and professional institutions. They provide clients with a range of powerful and user-friendly trading platforms with thousands of trading instruments to choose from. The platforms have a vast array of trading tools for conducting in-depth market analysis.

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. Furthermore, the brokers minimum deposit is just $100 and we found the customer support to be excellent.

Investing in CFDs and Margined FX Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You don’t own, or have, any interest in the underlining assets. We recommend that you seek independent advice and ensure fully understand the risks involved before trading. It is important that you read and consider Client Agreement, Risk Warning Notice, Privacy Policy, and other relevant disclosure documents before you acquire any product listed on the website.

Min $100 Deposit

TMGM is an ECN broker that provides Forex & CFD trading via a selection of powerful yet easy to use trading platforms. The broker has tight spreads, low fees & rapid trade execution speeds.

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