We tested TMGM using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

TMGM, also known as Trademax, is a well-established broker in the forex industry, having been founded in 2013. It is regulated by multiple authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA) of New Zealand.

This multi-jurisdictional regulation provides a degree of trust and safety for traders who choose TMGM. However, it's crucial to remember that even highly regulated and successful financial firms have failed in the past, so due diligence is always recommended.

In terms of user feedback, TMGM has received a 3.0 out of 5 rating from its users, based on 1 total user review, and 1 user review from users with verified real trading accounts. This suggests that while some users are satisfied, there may be areas for improvement.

The broker ranks 68th out of 823 forex brokers based on user ratings and 136th based on expert ratings, which reflects its solid standing in the industry.

TMGM also boasts a popularity rating of 3.5 out of 5, with approximately 198,337 organic monthly visits according to SimilarWeb. This ranks it 93rd out of 815 forex brokers in terms of web traffic, indicating a robust online presence and a significant user base.

Empresa	Licenças e Regulamentações	Dinheiro do Cliente Segregado	Fundo de Compensação de Depósito	Proteção de Saldo Negativo	Reembolsos	Alavancagem máxima para clientes retail
Trademax Australia Limited	Austrália - AU ASIC					30 : 1
Trademax Global Markets (NZ) Limited	Nova Zelândia - NZ FMA					200 : 1
Trademax Global Limited	Vanuatu - VU VFSC					500 : 1
Trademax Global Markets (International) Pty Ltd	Mauritius - MU FSC					1000 : 1

Deposit Insurance

TMGM does not offer a deposit compensation scheme under its current regulatory frameworks. This means that if the broker were to face financial difficulties or become insolvent, there would be no formal mechanism in place to compensate investors for their losses.

While TMGM does segregate client funds from its operating capital, which adds a layer of protection, the absence of a compensation scheme may be a concern for some traders.

Potential clients should weigh this factor alongside the broker's other offerings and consider their risk tolerance when choosing TMGM.

Spreads and Costs

TMGM offers competitive spreads and costs that are generally in line with the industry average across various asset classes. The broker's forex average spread is 3.36, which is higher than some leading brokers like IC Markets, with a forex average spread of 1.51.

However, TMGM's commodity average spread is 0.20, making it quite competitive in that asset class. While TMGM may not always offer the lowest spreads, its overall cost structure is reasonable, making it a viable option for traders who prioritize a broad range of asset offerings and a strong regulatory framework.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads include both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

When comparing TMGM to other brokers, it's important to consider several key factors, including regulatory licensing, user reviews, rankings, spreads and costs, swap rates, web traffic, trustworthiness, length of time in business, and popularity.

TMGM is regulated by multiple authorities, including ASIC and FMA, which adds a layer of trust and security. This multi-jurisdictional regulation is a significant advantage for traders seeking a reliable broker. In contrast, some brokers may only have a single regulatory license, potentially limiting their credibility.

In terms of user reviews, TMGM has a rating of 3.0 out of 5, which suggests that there is room for improvement in customer satisfaction. Brokers like IC Markets and Exness, which boast higher user ratings, may be more appealing to traders who prioritize user feedback. However, it's essential to note that individual experiences may vary, and traders should consider their preferences and priorities when selecting a broker.

TMGM offers competitive spreads and costs across various asset classes, making it a viable option for traders looking for reasonable pricing. While some brokers may offer lower spreads on specific instruments, TMGM's overall cost structure is generally in line with industry standards. Additionally, TMGM's swap rates are quite competitive compared to some leading brokers, which could favour long-term traders holding positions overnight.

With approximately 198,337 organic monthly visits, TMGM ranks 93rd out of 815 forex brokers for web traffic. This indicates a strong online presence and a significant user base, which can be an essential factor for traders considering a broker's popularity and reputation.

Established in 2013, TMGM is a well-established broker with over a decade of experience in the industry. This longevity is a testament to its stability and reliability. In comparison, newer brokers with fewer years in operation may not have the same level of industry expertise or track record.

Trading Platforms - Mobile, Desktop, Automated

TMGM offers a range of trading platforms catering to various trader needs. The MetaTrader 4 and MetaTrader 5 platforms are popular choices among traders due to their robust features, advanced charting capabilities, and support for automated trading.

These platforms utilize the MQL4 and MQL5 programming languages, respectively, which are widely regarded for their ease of use and extensive community support. Traders can create and implement automated trading strategies, also known as Expert Advisors (EAs), to execute trades based on predefined criteria.

The iRESS platform provides a comprehensive trading experience with advanced charting tools and a user-friendly interface. However, it does not support automated trading, making it more suitable for manual traders who prefer a hands-on approach.

For mobile trading, TMGM offers a dedicated mobile app, allowing traders to access their accounts and manage positions on the go. The app provides essential trading features and account management tools but lacks support for automated trading.

What Can you Trade?

TMGM offers a diverse range of tradable instruments across various asset classes. Traders can access over 40 forex currency pairs, 20 cryptocurrency CFDs, and a broad selection of stock CFDs, with more than 50 options available. Additionally, TMGM provides access to over 10,000 shares, 19 stock index CFDs, and 5 commodities CFDs.

It's important to note that TMGM primarily offers trading in CFDs (Contracts for Difference) and derivatives, rather than real asset ownership. CFDs are financial instruments that allow traders to speculate on price movements without owning the underlying asset.

This can be beneficial for traders seeking leverage and short-selling opportunities, but it also comes with risks, such as the potential for significant losses due to leveraged trading.

Traders interested in exploring the full range of available instruments can visit TMGM's website to view the individual symbols offered. The broker's website provides detailed information on each instrument, including trading hours, contract specifications, and leverage options.

Available Leverage

TMGM offers varying levels of leverage depending on the regulatory entity and the type of instrument being traded. For retail clients trading under Trademax Australia Limited, leverage is capped at 30:1 due to ASIC regulations.

However, clients trading under Trademax Global Markets (NZ) Limited can access leverage of up to 200:1, while those under Trademax Global Limited can utilize leverage as high as 500:1.

Leverage allows traders to control larger positions with a smaller amount of capital, potentially amplifying profits and losses. While high leverage can increase potential returns, it also magnifies risk, making risk management crucial for traders utilizing leverage.

TMGM provides leverage options across various asset classes, including forex, commodities, and indices, allowing traders to tailor their leverage levels to suit their trading strategies and risk tolerance.

Prohibited Countries

TMGM does not accept clients from certain jurisdictions due to regulatory restrictions and compliance requirements. According to the broker's website, TMGM cannot open client accounts for residents of the United States, Japan, North Korea, Iran, and other countries where local regulations prohibit or restrict the offering of financial services by foreign brokers.

Traders residing in these prohibited countries should seek alternative brokers that comply with local regulations and can legally offer their services in their respective jurisdictions.

It's essential for traders to verify their eligibility with TMGM and ensure compliance with applicable laws before attempting to open an account.

TMGM Tipos de conta

	Classic	Edge
Comissão	-	$ 7,00 Por 100 mil negociados em dólares
Alavancagem máxima	500:1
Plataforma móvel	MT4 Mobile
Plataforma de negociação	MT4, WebTrader
Tipo de spread	Variable Spread
Depósito mínimo	100
Tamanho mínimo da negociação	0,01
Stops finais
Scalping permitido
Hedge permitido
Contas de islâmicas

	Classic
Alavancagem máxima	500:1
Plataforma de negociação	MT4WebTrader
Plataforma móvel	MT4 Mobile
Tipo de spread	Variable Spread
Depósito mínimo	100
Tamanho mínimo da negociação	0,01
Stops finais
Scalping permitido
Hedge permitido
Contas de islâmicas

	Edge
Comissão	$ 7,00 Por 100 mil negociados em dólares
Alavancagem máxima	500:1
Plataforma de negociação	MT4WebTrader
Plataforma móvel	MT4 Mobile
Tipo de spread	Variable Spread
Depósito mínimo	100
Tamanho mínimo da negociação	0,01
Stops finais
Scalping permitido
Hedge permitido
Contas de islâmicas

TMGM Tráfego web

Nossos dados de tráfego da web são provenientes da SimilarWeb e somam os dados de tráfego de todos os sites associados a uma corretora. Visitas orgânicas são visitas pelas quais a corretora não pagou, com base nos dados disponíveis. Esses dados são atualizados uma vez por mês e podem ser baseados em dados comprados de provedores de serviços de internet, métricas de tráfego obtidas por terceiros, como o Google Analytics, que a empresa escolhe compartilhar com a SimilarWeb, etc.

TMGM Perfil

Suporte 24 horas

Contas segregadas

Contas de islâmicas

Aceita clientes canadenses

Aceita clientes japoneses

Demo sem data de validade

API Trading

Contas Cent

Proteção de saldo negativo

Negociação social

Seguro de depósito regulamentar

Stops Móveis

Bónus

Juros sobre margem

Spread fixo

Spread variável