TMGM Forex Broker Review 2025

TMGM "TradeMax Global Markets" is an Australian forex broker that has started its work in 2013. More than 12000 assets are available to trade in TMGM. This broker offers copy trading and social trading with rewards program [redeem points.]

TMGM Forex Broker Company Information & Regulation

TMGM, short for TradeMax Global Markets, was founded by a team of experienced traders with a vision to address the pain points commonly faced by traders in the industry. Since its inception, This forex broker company has grown exponentially, expanding its global footprint to serve an international clientele.

One of TMGM's strongest suits is its robust regulatory framework. The broker is overseen by several reputable financial authorities, including:

• The primary entity, Trademax Australia Limited, is licensed by the Australian Securities and Investments Commission (ASIC), a Tier-1 regulator. It ensures full segregation of client funds and negative balance protection;
• Additional regulatory coverage comes from the VFSC in Vanuatu, the FSC in Mauritius, and the CMA in Kenya — all classified as Tier-3 regulators. These offshore entities offer higher leverage but less stringent investor safeguards;
• Across all jurisdictions, TMGM provides up to AUD 10 million in Professional Indemnity insurance coverage;
• The Vanuatu-based arm is also a member of The Financial Commission, adding an extra layer of dispute resolution and compensation (up to EUR 20,000).

Over the past ten years, TMGM has demonstrated a commitment to innovation and client-centric services. 

Summary of Specifications

TMGM stands out in the crowded forex market and CFD brokerage space with its impressive array of features and specifications. Let's break down the key aspects that make TMGM a compelling choice for traders:

What are Account Types of TMGM Trading? Full Comparison!

TMGM offers 2 account types and each of them suits for different trading styles and preferences. TMGM Account Types:

Besides retail accounts, TMGM offers IRESS account for institutional traders and has 3 tires called: STANDARD, PREMIUM and GOLD.

Each IRESS tier comes with different commission structures and minimum deposit requirements, catering to the needs of institutional traders.

Across all account types, TMGM maintains its commitment to fast execution, deep liquidity, and a wide range of tradable instruments. This flexibility in account offerings allows traders to select the option that best aligns with their trading approach and risk profile.

Pros and Cons

While TMGM benefits from MetaTrader’s widespread adoption, some traders may find its platform experience dated and lacking in customization. Additionally, a notable drawback is the inactivity fee, which applies after six months of non-use or if balances fall below a set threshold. TMGM Pros and Cons:

TMGM's strengths lies in its robust regulatory standing, diverse product offering, and advanced trading capabilities. The availability of copy trading and trading signals can be particularly beneficial for less experienced traders or those looking to diversify their strategies.

However, the broker's limited educational resources may be a drawback for beginners or those looking to expand their trading knowledge. Traders seeking comprehensive educational support might need to supplement TMGM's offerings with external resources.

TMGM Account Registration: Detailed Guide!

Opening a TMGM trading account is a short 4-step process designed to onboard traders onto platforms like MetaTrader 4, MetaTrader 5, or IRESS with preferred leverage up to 1:1000 and multiple base currencies (USD, AUD, EUR, GBP, NZD, CAD). The sign-up process includes identity verification and financial profiling, which ensures regulatory compliance and tailored trading options. TMGM registration:

#1 Submit Personal Information

Initiate registration by entering your full name, email address, mobile number, and country of residence.

#2 Provide Date of Birth and Residential Address

Complete the form with your birthdate, city, postal code, and region to proceed.

#3 Configure Account Preferences

Choose your account type (Edge or Classic), trading platform, preferred base currency, and set your leverage. Create a secure password and agree to terms.

#4 Fill Out Financial Information

Answer a few questions about your employment status and income range to finalize account setup and prepare for verification.

#5 Verify your account

Complete TMGM KYC, by go through 3 steps below:

• Entering the Identity Verification Section
• Submitting ID and Address Documents
• Reviewing Document Confirmation Status

What Platforms TMGM Supports?

TMGM provides traders with access to some of the most popular and advanced trading platforms such as MetaTrader 4 and MetaTrader 5. TMGM Trading Platforms:

MetaTrader 4 (MT4)

• Industry-standard platform known for its user-friendly interface
• Advanced charting capabilities with multiple timeframes
• Supports Expert Advisors (EAs) for automated trading
• Available for desktop, web and mobile devices

MetaTrader 5 (MT5)

• Next-generation platform with enhanced features
• More technical indicators and analytical tools
• Supports trading on multiple asset classes
• Improved backtesting capabilities for EAs
• Available for desktop, web, and mobile devices

IRESS Platform

• Advanced platform for professional traders
• Comprehensive market data and analysis tools
• Ideal for trading stocks and other securities
• Available to IRESS account holders

TMGM Mobile App

• Proprietary app for quick account access
• Perform deposits and withdrawals on the go
• Monitor account status and open positions
• Available for iOS and Android devices

TMGM Forex Broker Spreads and Commissions

This broker offers competitive pricing structures across its account types. TMGM Spreads and Commission:

Live tests conducted during peak trading hours (Feb 2025) revealed the following spreads:

• EUR/USD: 0.9–1.0 pips
• GBP/JPY: 1.8–1.9 pips
• Gold: 18–21 pips
• Crude Oil: 0.03 pips
• Dow Jones: 4.0 basis points
• DAX (Germany 40): 3.0–4.0 basis points
• Bitcoin: $16–$24 per trade

TMGM’s swap charges vary by instrument. For instance, holding a long EUR/USD position overnight incurs a fee of $6.21, while a short earns a credit of $2.28. On GBP/JPY, swap long earns +$14.32, while swap short deducts $33.60.

There are no deposit or withdrawal fees. However, a $10 inactivity fee applies monthly after 12 months of account dormancy.

Note: It's worth noting that TMGM also offers Islamic (swap-free) versions of both account types, catering to traders who require Shariah-compliant trading conditions.

TMGM Trading Deposit & Withdrawal Methods

TradeMax Global Markets offers a variety of secure and convenient methods for depositing and withdrawing funds and each of them has its own specifics such as processing time. TMGM Payment Methods:

For both deposit and withdrawal, multiple currencies (USD, AUD, EUR, GBP, NZD, CAD, etc.) are supported.

Does TMGM Offers Copy Trading? Investment Options Review!

TMGM offers copy trading functionality through its partnership with ZuluTrade and call it “HUBx”. This copy trade and social trading platform allows traders to:

• Follow and copy successful traders (signal providers)
• Diversify their trading strategy without extensive market knowledge
• Learn from experienced traders' strategies

TMGM's copy trading feature, combined with its diverse range of tradable assets and advanced platforms, offers traders a comprehensive suite of tools to potentially enhance their trading performance and diversify their investment strategies.

TMGM Instruments & Assets

TMGM offers access to a diverse range of over 12,000 tradable instruments across several asset classes, although product availability may vary by trading platform and regulatory entity. Most instruments are accessible via the MetaTrader 4 and MetaTrader 5 platforms, with additional stock trading options available through the IRESS platform (for eligible clients). TMGM Instruments:

Forex

• Over 50 currency pairs
• Major, minor, and exotic pairs available
• Competitive spread starting from 0.0 pips (EDGE account)
• Leverage up to 1:1000

Commodities

• Precious metals (Gold, Silver, Platinum, Palladium)
• Energies (Crude Oil, Natural Gas)
• Soft commodities (Coffee, Cocoa, Sugar)

Indices

• Major global indices (S&P 500, NASDAQ, FTSE 100, DAX, etc.)
• Opportunity to trade on overall market movements

Stocks

• CFDs on shares of major global companies
• Access to multiple stock exchanges

Cryptocurrencies

• Popular crypto pairs (Bitcoin, Ethereum, Litecoin, etc.)
• Ability to trade crypto volatility without owning the underlying asset

Energies

• Energies like Oil
• Leverage up to 1:200

Is There Any Available Bonuses on TMGM Trading?

Yes, TradeMax does offer various bonuses and promotional incentives to attract and retain traders. TMGM Bonuses:

TMGM Rewards Program

• Earn points for every lot traded
• Redeem points for a variety of rewards such as Electronics (e.g., iPad, MacBook), Cashback up to $2500 and other trending products

Promotional Offers

TMGM runs periodic campaigns with special bonuses such as Welcome bonuses for new clients, Trading competitions with prizes.

Support: is it Available 24/7?

Customer support is a crucial aspect of any forex broker, and TMGM doesn't disappoint in this department. The broker offers round-the-clock support to its clients, ensuring that help is always at hand, regardless of time zones or trading hours. TMGM support:

• 24/7 Availability: Support team is accessible at all times, catering to the global nature of forex trading
• Multiple Channels: Traders can reach out via phone, email, live chat and visit in person for assistance
• Multilingual Support: Services are offered in over 10 languages, accommodating a diverse client base
• Quick Response Times: Known for fast and efficient resolution of queries and issues

While 24/7 support is a significant advantage, it's worth noting that the quality of support can vary depending on the complexity of the issue and the time of day. However, this broker commitment to customer service is evident in its efforts to provide comprehensive assistance to its traders.

Full List of TMGM Restricted Countries

As a globally operating broker, TMGM has to navigate various international regulations, which results in certain geographic restrictions. While the broker aims to serve a wide client base, there are limitations on who can access their services. TMGM Trading Restricted Countries:

• USA
• Canada
• Japan
• North Korea
• Iran
• Syria
• Cuba
• Sudan
• Belarus
• Crimea

Trust Scores & Reviews

Trust and reputation are paramount in the forex industry, and TMGM has worked hard to establish itself as a reliable broker. Let's take a look at how TMGM fares in terms of trust scores [sites like Trustpilot, ForexPeaceArmy and Reviews.io] and user reviews:

• Trustpilot: 4.4 out of 5

• ForexPeaceArmy: 1.7 out of 5
• Reviews.io: 3.6/5

While TMGM's Trustpilot score isn't that high, it's commendable that the broker openly displays this information on their website, demonstrating a commitment to transparency. In TMGM reviews.io, Many users praise TMGM for its:

• Fast execution speeds
• Competitive spreads
• Reliable customer support
• Wide range of trading instruments

However, some users have reported issues with:

• Withdrawal processes
• Platform stability during high volatility periods

TMGM Educational Resources

TMGM recognizes the importance of trader education and offers a range of resources to help clients enhance their trading knowledge and skills. TMGM's educational resources:

• Online Tutorials: Step-by-step guides on various forex education topics and platform usage
• Webinars: Live and recorded sessions covering market analysis and trading strategies
• Analysis and Blog Posts: Regular updates on market trends, economic events, and trading tips

TMGM Comparison with Other Brokers

Table below compares the features of TMGM with some of the top forex brokers:

TradingFinder Conclusion and final words

Partnered with Chelsea football club, TMGM forex broker offers 2 account types [Edge, Classic] with $100 minimum deposit and 1:1000 maximum leverage. This broker allows EAs, scalping, news trading and has a room for Islamic account.