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The information provided on this website is general in nature only and does not constitute personal financial advice. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. 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 disclosure documents before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use is contrary to the local laws and regulations. Products and Services offered on this website is not intended for residents of the United States.

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TMGM Review 2021

Updated: By
FX Empire sticks to a strict review standards.Learn how we make money and our review methodology.
TMGM Main Features
☑️
Regulations
ASIC (Australia), FMA (New Zealand), VFSC (Vanuatu)
️🗺
Supported Languages
English, Spanish, French, Arabic, Portuguese, Chinese, Thai, Italian, Vietnamese
💰
Products
Crypto, Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Futures
️💵
Min Deposit
$100
💹
Max Leverage
1:500 (ASIC), 1:500 (FMA), 1:500 (VFSC)
🖥
Trading Desk Type
ECN, STP
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unknownTMGM accepts clients from your country:
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The information provided on this website is general in nature only and does not constitute personal financial advice. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. 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 disclosure documents before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use is contrary to the local laws and regulations. Products and Services offered on this website is not intended for residents of the United States.

TMGM Full Review

“TMGM offers the ability to trade on more than 15,000+ financial instruments covering 7 asset classes with up to 500:1 leverage from the MetaTrader 4, MetaTrader 5 and IRESS trading platforms for desktop, web and mobile, with 24/7 customer service and range of additional trading features.”

TMGM is authorised and regulated in various jurisdictions including the Australian Securities and Investments Commission (ASIC), the Financial Markets Authority New Zealand (FMA), and the Vanuatu Financial Services Commission (VFSC). It also holds an Australian Financial Services Licence and segregates client funds from its own, holding them with tier 1 National Australia Bank.

With TMGM, users can trade on more than 15,000+ financial CFD instruments covering 7 asset classes including Forex, Metals, Energies, Cryptocurrencies, Commodities, Indices and Shares from the US, Australia and Hong Kong. This can be done from 2 types of trading accounts. The Edge Account offers commission-based trading of $7 per round turn and raw spreads from 0 pips while the Classic Account offers commission-free trading with spreads from 1 pip.

Users can trade from the MetaTrader 4, MetaTrader 5 and IRESS trading platforms for desktop, web and mobile and access additional trading features such as HUBx for fund managers and TMGM Insights for portfolio diversification. The broker provides customer service in multiple languages 24 hours a day, 5 days a week via Live Chat, Email and Telephone.

Pros: Cons:
  • 15,000+ financial instruments to trade on
  • Commission-free trading available
  • ECN trading accounts
  • MT4/MT5 and IRESS trading platform
  • 24/7 customer service
  • Limited crypto offering

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review sections


TMGM Video Review

Investor Protection & Regulations

“The entities within the TMGM Group are authorised by three regulators: the Vanuatu Financial Services Commission (VFSC) and the Australian Securities and Investments Commission (ASIC) and he Financial Markets Authority New Zealand (FMA).”

The broker has two entities. One is regulated by he Financial Markets Authority New Zealand (FMA), and the Australian Securities and Investments Commission (ASIC), as confirmed on the ASIC register below:

The broker also holds an Australian Financial Services Licence under the name TradeMax Australia Limited, as shown on the professional register below:

The other entity is regulated by the Vanuatu Financial Services Commission (VFSC), as shown below on the regulators’ register:

The broker provides further security of client funds by:

  • Segregating client funds from company funds.
  • Holding funds with tier 1 Australian bank, the National Australia Bank.
  • Safeguarding its liabilities with Civil Liability Insurance.
  • Holding external audits.

TMGM does not accept clients from the United States, Japan, Iran.

Tradable Products

“TMGM offers users the ability to trade on more than 15,000+ financial CFD instruments covering Forex, Metals, Energies, Cryptocurrencies, Commodities, Indices and Shares.”

TMGM offers users the ability to trade on more than 15,000+ financial CFD instruments covering Forex, Metals, Energies, Cryptocurrencies, Commodities, Indices and Shares from the US, Australia and Hong Kong. Below is a list of just some of the available markets for trading:

Forex Shares Indices
AUDUSD NYSE (2,400 companies+) S&P 500
EURUSD NASDAQ (3,500+ companies) Dow Jones 30
USDJPY ASX (2,000+ companies) DAX
AUDNZD HKEX (2,000+ companies) Nikkei
CADCHF Cryptocurrencies Commodities
SGDJPY Bitcoin Gold
AUDZAR Ethereum Brent Crude Oil
USDMXN Litecoin Cocoa
USDRUB Ripple Sugar

* Details regarding the available assets are taken from the TMGM website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened but are covered further down this review.

Account Opening

“TMGM offers two main types of trading accounts called Edge and Classic offering a range of commission-free and commission-based trading options. The broker also offers access to demo trading accounts and Islamic swap-free accounts.”

TMGM offers users the ability to trade from two main types of trading accounts called Edge and Classic. Each one comes with different features and services designed for both beginner and advanced traders.

Both accounts offer leverage of up to 500:1 and ECN execution. The Edge Account offers raw spreads from 0 pips with a $7 per round turn commission. The Classic Account offers variable spreads from 1 pip with zero-commission. Demo accounts and Islamic swap-free accounts are also available.

The minimum deposit for both accounts is just $100 and users can fund in different base currencies including USD, EUR, GBP, AUD and NZD. Both of these accounts can be used on MetaTrader 4 and MetaTrader 5 to trade 46 Forex pairs, 6 commodities, 10 indices and 5 cryptos.

Users can open an account in just a few simple steps by clicking on the Get Started tab on the broker’s homepage. This will then take the user to a live account application page which asks for personal information, additional information and account configuration settings. Users are then asked for standard proof of identity and proof of address documents before continuing. Once accepted users are then redirected to the TMGM Dashboard, as shown below:

Deposit & Withdrawals options

“TMGM offers a wide variety of commission-free deposit and withdrawal methods such as Bank Wire Transfer, Visa/Mastercard, Neteller, Skrill, UnionPay, AliPay, FasaPay and SticPay.”

TMGM offers a wide variety of commission-free deposit and withdrawal methods such as Bank Wire Transfer, Visa/Mastercard, Neteller, Skrill, UnionPay, AliPay, FasaPay, SticPay, USDT, RMB, Stickpay, and Asia Pay. Most methods have instant processing times.

Withdrawals can only be made via the method used for deposits and funds are held with top tier 1 banks. Both deposits and withdrawals can be done simply from the TMGM Dashboard.

Web & Desktop Trading Platforms

“TMGM offers users the ability to trade on the globally recognised MetaTrader 4, MetaTrader 5 and IRESS trading platforms for desktop and web.”

TMGM offers a wide variety of different trading platforms suitable for both beginner and advanced traders to trade on multiple asset classes.

TMGM MetaTrader 4

The TMGM MetaTrader 4 trading platform is available for desktop download and via web browser and offers features such as:

  • Algorithmic trading via EAs
  • Fast execution of orders
  • Ability to backtest strategies
  • Technical drawing tools and indicators

TMGM MetaTrader 5

The TMGM MetaTrader 5 trading platform is available for desktop download and via web browser and offers features such as:

  • 6 types of pending orders
  • 21 different timeframes
  • Automated trading via EAs
  • MT5 Depth of Market tool

TMGM IRESS Viewpoint

The TMGM IRESS Viewpoint trading platform is available via web browser and offers features such as:

  • No download required
  • Real-time price streaming
  • Manage multiple portfolios
  • Access exchange pricing and market depth

A screenshot of the TMGM MetaTrader 4 desktop trading platform is shown below and is also covered in more detail in the video review.

Mobile Trading Platforms

“TMGM offers users the ability to access mobile trading on the go from the MetaTrader 4 and MetaTrader 5 mobile trading apps for Android and iOS systems.”

TMGM offers users the ability to access mobile trading on the go from the MetaTrader 4 and MetaTrader 5 mobile trading apps for both Android and iOS systems. The app download links can be found on the broker’s website, the Members Area or in the Google PlayStore or Apple AppStore.

The mobile trading apps offer the majority of the same features and functionality as the corresponding web-based platform which includes the ability to view real-time prices, trade on multiple asset classes and access multiple order types and more.

The TMGM MetaTrader mobile trading app is covered in more detail in the video review.

Trading Features

“TMGM offers a variety of additional trading features such as access to HUBx for fund managers and TMGM Insights which is a cutting-edge portfolio diversification tool to access curated portfolios.”

TMGM offers a variety of additional trading features such as:

  • Access to HUBx which is a bespoke platform created by TMGM with fund managers to help serve their clients.
  • Access to TMGM Insights where experts screen thousands of stocks to build a portfolio to diversify funds into. Over 40 curated portfolios are available ranging from industries such as Solar Power to Smart Cars.

Commissions & Spreads

“Trading costs with TMGM vary depending on the account type opened and instrument traded but are competitive.”

Trading costs with TMGM vary depending on the account type opened and instrument being traded.

  • The Edge Account offers raw spreads from 0 pips with a $7 per round turn commission
  • The Classic Account offers variable spreads from 1 pip with zero commission.

The broker provides access to view spreads of the different markets available to trade on directly from its website. For example, the image below shows the spreads for some of the major currencies during the European session:

The above image shows a spread of 0.1 pips for EURUSD.

While the broker does not have a section to show overnight swap fees, these can be found in the trading platform.

Bonus & Promotions

“Currently, there are no bonus or promotion offers from TMGM due to regulatory restrictions.’’

Customer Support

“TMGM offers customer support 24/7 in multiple languages via Live Chat, Email and Phone.”

TMGM offers customer support 24/7 in multiple languages including English, Chinese, Italian, French, Spanish, Portuguese, Arabic, Vietnamese and Thai.

After logging into the Live Chat function we were greeted by an agent in around two minutes who answered our question a minute later, as shown below:

Contact Information:

Research

“TMGM offers traders the TMGM Blog and Academy. The broker also provides some trader research from its social channels on Facebook and LinkedIn which are technical analysis articles and videos.”

TMGM offers traders the TMGM Blog and Academy. The broker also provides some trader research from its social channels on Facebook and LinkedIn which are technical analysis articles and videos. For example below is a screenshot of the TMGM Facebook page which provides some pre-session technical outlook ideas:

TMGM also offers Trading Central, including sponsored VPS and 24/7 support.

Trader Education

“Currently, there are no trader education resources on TMGM’s website.’’

Trading Experience

“TMGM provides a simple yet competitive trading offering for both beginner and advanced traders to trade on more than 15,000+ financial CFD instruments on the MetaTrader 4, MetaTrader 5 and the IRESS trading platform with a range of additional trading tools.”

From our observations, TMGM provides a simple, yet competitive trading offering suitable for both beginner and advanced traders to trade on more than 15,000+ financial CFD instruments covering 7 asset classes.

Users can trade commission-free on the Classic Account and commission-based on the Edge Account with raw spreads from 0 pips. The broker provides the ability to trade on a wide range of globally recognised trading platforms including MetaTrader 4, MetaTrader 5 and the IRESS trading platform.

FAQ

Is TMGM regulated?

Yes, The broker has two entities. One is regulated by the Australian Securities and Investments commission, The other entity is regulated by the Vanuatu Financial Services Commission (VFSC).

Where is TMGM based?

TMGM headquarters is based at Level 28, One International Tower, 2000 Barangaroo Avenue, 2000, Sydney, NSW, Australia

How does TMGM make money?

TMGM makes money mainly through spreads, swaps and commissions on certain trading accounts and asset classes.

How do I deposit in TMGM account?

Funds can be deposited into a trading account via Bank Wire Transfer, Visa/Mastercard, Neteller, Skrill, UnionPay, AliPay, FasaPay and SticPay.

What is the min. deposit for TMGM?

The minimum deposit is 100 USD.

How do I withdraw money from TMGM?

Withdrawals can be made from TMGM via Bank Wire Transfer, Visa/Mastercard, Neteller, Skrill, UnionPay, AliPay, FasaPay and SticPay.

What is the max leverage in TMGM?

The maximum leverage offered by TMGM is 500:1.

How do I open an account with TMGM?

An account can be opened at the click of a button on the TMGM website and can be done in just a few steps.

Does TMGM use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“TMGM offers the ability to trade on more than 15,000+ financial instruments covering 7 asset classes with up to 500:1 leverage from the MetaTrader 4, MetaTrader 5 and IRESS trading platforms for desktop, web and mobile, with 24/7 customer service and range of additional trading features.”

TMGM is authorised and regulated in various jurisdictions. TradeMax Global Limited is authorised and regulated by the Vanuatu Financial Services Commission (VFSC) to operate www.tmgm.com of which this review is the focus of. Trademax Australia Limited is authorised and regulated by the Australian Securities and Investments Commission (ASIC) and has an Australian Financial Services Licence to operate www.trademax.com.au.

With TMGM, users can trade on more than 15,000+ financial CFD instruments covering 7 asset classes including Forex, Metals, Energies, Cryptocurrencies, Commodities, Indices and Shares from the US, Australia and Hong Kong. This can be done from 2 types of trading accounts. The Edge Account offers commission-based trading of $7 per round turn and raw spreads from 0 pips while the Classic Account offers commission-free trading with spreads from 1 pip.

Users can trade from the MetaTrader 4, MetaTrader 5 and IRESS trading platforms for desktop, web and mobile and access additional trading features such as HUBx for fund managers and TMGM Insights for portfolio diversification. While the broker does not provide any education or research tools they do provide customer service in multiple languages 24 hours a day, 5 days a week via Live Chat, Email and Telephone.

  • Commission-free trading available.
  • ECN trading offered with spreads from 0 pips.
  • 15,000+ financial CFD instruments to trade on from 7 asset classes.
  • Can trade on MetaTrader 4, MetaTrader 5 and IRESS trading platforms.
broker

The information provided on this website is general in nature only and does not constitute personal financial advice. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. 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 disclosure documents before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use is contrary to the local laws and regulations. Products and Services offered on this website is not intended for residents of the United States.

See TMGM Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Australia
Foundation Year
2013
Regulations
ASIC (Australia), FMA (New Zealand), VFSC (Vanuatu)
Publicly Traded
No
Number Of Employees
200+
Trading Desk Type
ECN, STP
Trading platforms
MT4, IRESS
Restricted Countries
United States, Japan, Iran
Supported Languages
English, Spanish, French, Arabic, Portuguese, Chinese, Thai, Italian, Vietnamese
Min Deposit
$100
Max Leverage
1:500 (ASIC), 1:500 (FMA), 1:500 (VFSC)
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, FasaPay, Union Pay, E-wallets
Withdrawal Options
Wire Transfer, Skrill, Neteller
Cryptocurrencies
Bitcoin Cash, Bitcoin, Litecoin, Ripple, Ethereum
Fixed Spreads
No
Commission On Trades
Yes
Products
Crypto, Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Futures
Mini Account
No
Premium Account
No
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
Institutional Account
Yes
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