Key Takeaways

  • More than 12,000 financial instruments.
  • Instant deposits, fast withdrawals, both with zero fees.
  • Tight spreads and fast execution speeds.
  • No requotes and no minimum stop loss distance.

TMGM Overall rating

3.8
Overall rating is an average of ratings from experts in 4 categories.
Pricing
4.0
Regulation
4.0
Popularity
3.5
User rating
Source: fxverify.com

We start our TMGM review highlighting some of the key features of this Australian-based CFDs broker. TMGM is a regulated financial services company, offering online brokerage services, mainly, for retail traders. The TMGM group has several entities, licensed and regulated by reputable financial supervisors, offering retail investors absolute peace of mind regarding client money safety.

Not only TMGM strives to offer the maximum level of protection for its client’s funds, but the broker also provides everything that new and seasoned traders will need for a great trading experience – an excellent range of over 12,000 financial instruments, from 6 asset classes, deposits and withdrawals with zero fees, and a great trading environment with tight spreads and fast execution speeds with no requotes.

With TMGM traders can try their hand at the markets via the MT4, the MT5 (to be offered soon) and the IRESS platform, a web-based trading platform, offering DMA access to multiple exchanges around the world.

A drawback that could cause some traders to reconsider contracting with this broker, is due to its business model – TMGM is a market maker broker. Acting as the principal and being the counterparty to all of the trades might cause a conflict of interest, to some extent, between the company and its clients.

TMGM Regulation / Money Protection

4.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Max. Leverage Retail Clients
Trademax Australia Limited 30 : 1
Trademax Global Markets (NZ) Limited 200 : 1
Trademax Global Limited 500 : 1


TMGM provides online CFDs trading services and investors can open a live trading account with any of its three regulated entities, one in Australia regulated by the ASIC, one in compliance with New Zealand’s FMA rules and one licensed by the Vanuatu Financial Services Commission (VFSC), directed at the international clientele.

International regulation: The Trademax Global Limited entity, trading as TMGM, will be the counterparty for the international clientele. This entity is registered in Vanuatu and licensed by the Vanuatu Financial Services Commissions (VFSC) with company number 40356. TMGM’s international website is www.tmgm.com.

Australian regulation: Trademax Australia Limited, with ACN 162 331 311, and trading as TMGM, is licensed by the Australian Securities & Investments Commission (ASIC). Trademax Australia Limited, with a registered address at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia, is regulated by the ASIC, with licence AFSL 436416, to offer financial services in Australia, limited to the financial services covered by its AFSL licence. TMGM Australian website is www.tmgm.com.au.

New Zealand regulation: Trademax Global Markets (NZ) Limited is a financial services company registered in New Zealand with the number NZBN: 9429046269300. This entity has a registered office at Level 20, The Sap Tower, 151 Queen Street, Auckland Cbd, Auckland, 1010, New Zealand, and is authorised and regulated by the New Zealand’s Financial Markets Authority (FMA) with an FSP licence, number 569807. TMGM New Zealand’s website is www.tmgm.co.nz.

Client Money Protection

TMGM complies with the highest standards regarding client money protection. Therefore, the broker client’s funds are kept in the NAB (National Australian Bank), a AA rating banking institution, in segregated accounts.

TMGM also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. TMGM holds the client's money separately from the company funds and does not use these funds for any company operational expenses or purposes.

Deposit Compensation

Currently, none of the TMGM group entities offers a default deposit compensation scheme, supervised by a financial regulator. Still, the Trademax Australia Limited entity, regulated by Australia’s ASIC is also a member of the Australian Financial Complaints Authority (AFCA), with membership number 32245. The AFCA is an independent and impartial Australian ombudsman that can assist consumers to resolve a complaint about an Australian financial firm.

Negative Balance Protection

For accounts opened with any entity of the TMGM Group, there is a default Negative Balance Protection mechanism in place for retail traders, protecting traders from losses bigger than the original deposit, in case of extreme market volatility.

Professional Indemnity Insurance

Customers of TMGM are also covered by Professional Indemnity Insurance, maintained with the scope to protect the financial security of customers and meeting the legal requirements of multiple regulations. The extra layer of protection offered by the Professional Indemnity Insurance subscribed by TMGM provides its customers with up to AU$ 5 million in single insurance coverage.

TMGM Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Classic Edge
Forex$2.00 Per Lot

 

$1.00 Per Lot
Metals$2.00 Per Lot

 

$1.00 Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Classic
Forex $2.00 Per Lot

 

Metals $2.00 Per Lot

 

Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Edge
Forex $1.00 Per Lot
Metals $1.00 Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.

What are TMGM rebates?

TMGM rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do TMGM rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much TMGM rebates can I earn?

Use our forex rebate calculator to estimate your TMGM rebate earnings:

You must enter a valid number

Are TMGM rebates a scam; do my spreads increase?

TMGM rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.

When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.

Are there any other benefits to signing up for TMGM rebates?

It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.

How are forex rebates paid?

Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:

Forex rebate options vary per broker:

Monthly cash back Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.

In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.

TMGM Profile

Company Name TradeMax Global Markets
Year Founded 2013
Headquarters Australia
Office Locations Australia, Taiwan
Account Currency AUD, CAD, EUR, GBP, NZD, USD
Support Languages Chinese, English, French, Indonesian, Italian, Portuguese, Spanish, Thai, Vietnamese, Filipino
Funding Methods Bank Wire, China Union Pay, Credit/Debit Card, FasaPay, Neteller, Skrill (Moneybookers), SticPay, Revolut, Wise, RMB Instant, Asia Instant Pay, SEA Internet Banking
Financial Instruments Forex, Metals
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

TMGM is an Australian-based CFDs broker offering investors online trading on a full suite of financial instruments, including forex, shares, indices, metals and energies. Investors can trade the price of over 12,000 assets, through a selection of traders oriented platforms, including the classic MT4, the next-gen MT5 (coming soon), and IRESS, with DMA access to several global exchanges and ideal for shares trading, with most platforms available for Windows, macOS, iOS and Android.

Established in 2013, the Trademax group, through its TMGM brand, offers its customers an appealing combination of good execution speeds, partnerships with top-tier liquidity providers, robust trading platforms, a diversified product range and knowledgeable customer support, giving its clients the confidence to trade.

TMGM is becoming a global CFDs broker and, due to its fast progression, TMGM’s online brokerage services are now available in more than 150 countries worldwide and still growing.

TMGM multi-language customer support service is available 24 hours, 5 days a week, in 10 languages. TMGM customer services can be contacted via local phone numbers (subject to jurisdictions), email and through the live chat widget present on the broker’s website.

TMGM Asset classes

The asset classes and available financial instruments are also one of the strong points of this regulated CFD broker. TMGM offers an excellent range of 12,000+ financial instruments available for trading, including forex, indices, shares and commodities – both metals and energies.

FX market: 50+ currency pairs, including all major pairs, some minor and exotic crosses.

Indices: 15 world indices CFDs, including the S&P 500, FTSE 100, NIKKEI 225, and the DAX 40.

Shares: 12,000+ shares CFDs for trading with the IRESS platform, from four global venues; NYSE, NASDAQ, ASX and HKEX, of top companies and banks such as Apple Inc, Facebook Inc, Alcoa Corporation, Bank of America Corporation, Aston Martin and Tesla.

Commodities: 5 commodities CFDs available for trading; 3 metals – Gold, Platinum and Silver versus the USD, and 2 energies – UK Oil and US Oil.

Cryptocurrencies: 8 cryptocurrencies CFDs crosses available for trading, including Bitcoin, Ripple, Ethereum and Litecoin versus the USD*.

*Please note that cryptocurrencies CFDs are not offered to clients opening a live account with the Trademax Global Limited entity (regulated by the Vanuatu FSA).

TMGM Account types

  Classic Edge
CommissionNone$7.00 Per Lot Per 100K USD Traded
Maximum leverage500:1
Mobile PlatformMT4 Mobile
Trading PlatformMT4, WebTrader
Spread TypeVariable Spread
Minimum Deposit100
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Classic
Maximum leverage 500:1
Trading platform MT4WebTrader
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Edge
Commission $7.00 Per Lot Per 100K USD Traded
Maximum leverage 500:1
Trading platform MT4WebTrader
Mobile platform MT4 Mobile
Spread type Variable Spread
Minimum deposit 100
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

TMGM simplifies its trading accounts offering with three account types – Classic, Edge and IRESS, all with different pricing. TMGM also offers a Pro account for residents in Australia, for customers classified as “Professional”, with higher leverage ratios (up to 400:1 on major forex pairs) and a dedicated support department operating 24/5 manager. Let’s check out each account in more detail:

The TMGM Classic account is recommended for the investors looking to trade only with the bid and ask prices, without any added commissions. It allows the trading of 46 forex pairs, commodities and indices, with spreads only (from 1.0 pip) plus zero commissions.

The TMGM Edge account is a more aggressively priced account, especially when trading forex pairs, with tighter spreads, from as low as 0.0 pip, but with a trading commission (within industry average) of 3.5 USD, per side per 1 lot traded (100,000 currency units).

The TMGM IRESS account is the broker's account for trading shares CFDs. The IRESS is divided into three packages, Standard, with a minimum deposit of US$ 5,000, Premium, with a minimum deposit of US$ 10,000 and Gold, with a minimum deposit of US$ 50,000. Each package is priced individually, with different commission rates, depending on the chosen venue – ranging from 1.8 cps to 2.25 cps, for example, to trade US shares.

The broker also offers swap-free accounts for traders of Islamic belief, and also a dedicated service for money managers and investors looking to follow the open positions of more experienced traders through its copy trading service, the HUBx.

Regarding leveraged trading, TMGM maximum leverage ratio is 500:1 for retail clients opening a live account with the entity in Vanuatu, and limited to 200:1 for retail traders opening a trading account with New Zealand’s FMA regulated entity. For investors opening a live account with Australia’s ASIC regulated entity, the maximum leverage ratio is 30:1 for retail traders and 400:1 for traders classified as professional.

Currently, TMGM trading accounts are available in 6 base currencies (subject to jurisdiction): USD, EUR, GBP, AUD, NZD, CAD.

TMGM Demo account

With a TMGM demo account traders can compare this CFDs broker to its peers, and check out its product offering and trading conditions. A TMGM demo account can also help novice traders practising with their trading skills in a safe environment, without risking losing real money.

To open a TMGM demo account traders will need to fill in a simple form with some basic information – name and surname, a valid email address, country of residence and phone number. Please note that to open a demo account, traders do not need to upload any verification document(s) to TMGM.

After that, validate the reCAPTCHA and click the “NEXT” blue button to proceed. On the following screen, traders can select the trading platform they prefer for the demo account, the account currency, leverage ratio and a couple more tweaks.

As soon as TMGM process all the info, traders will be redirected to the Client Portal where they will be able to manage the demo account. The next step is to download the chosen trading platform, install it, connect to the demo server, and finally, log in to the demo trading account.

The TMGM demo account expires after 30 days but will allow traders to test all the functions of the trading platform and the broker's pricing on several financial instruments – forex, indices, shares, cryptocurrencies and commodities, without risking any real money. The TMGM demo account is 100% risk-free and the funds are virtual, including both winnings and losses, of course.

Register for free and test your trading strategies, open a TMGM demo trading account, with no risk and no obligation, now.

TMGM Pricing

Account/Pricing Classic Edge
EUR/USD Spread from 1.0 pip from 0.0 pip
EUR/USD Commission (1 lot) $0 from $7
EUR/USD Swap rate
(08-10-2021)
  • Long: -0.405
  • Short: +0.034

Spreads and trading commissions

TMGM pricing and trading costs are well-positioned in this industry, and we consider them competitive when compared with other players. The broker’s offer a starting spread for the most popular cross, the EUR/USD pair, on the Classic account, is 1.0 pip, commission-free.

And the pricing improves substantially with the Edge account. TMGM competitively prices this account with a starting spread of 0.0 pip on major crosses, like the EUR/USD, with an added trading commission of $7 per round lot traded (100,000 base currency units), quite in line with the industry average.

For investors looking for an alternative broker for shares trading, TMGM offers its IRESS range of accounts, with competitive commissions ranging from 1.8 cps to 2.25 cps for the US markets for example.

Rollover rates

TMGM swap rates, as of 08-10-2021, and for the EUR/USD pair traded on a USD account, stand at -4.05 USD for holding overnight a long position of 1 lot and at +0.34 USD for holding overnight a short position of 1 lot. We consider TMGM rollover rates to be average when compared with the swap rates offered by other top brokers.

TMGM Deposits / Withdrawals

Deposit fees: Trading accounts can be opened in 6 different currencies and funded via 10 different deposit methods – depending on the contracting entity. Including funding with the traditional methods, cards and bank wires, TMGM also accepts deposits with the most popular e-payment solutions (subject to jurisdiction), such as Neteller, China UnionPay, Fasapay, Sticpay, Skrill and Revolut – TMGM is possibly one of the first brokers accepting deposits from this increasingly popular solution.

TMGM does not charge any deposit fees and deposited funds via e-payment wallets and cards, are available with minutes. Deposits with Revolut and Wise take 1 working day to process and traditional bank wires 1-3 business days.

Minimum deposit: Opening a live trading account with TMGM can be done on the broker’s website, taking on average 5 minutes from registering an account to set up. TMGM minimum deposit requirement for its range of accounts is only 100 USD or the equivalent in other base currencies.

Withdrawal fees: TMGM also waives the withdrawals fees, with processing times varying according to the withdrawal method chosen, but normally, within 1 business day. While TMGM does not charge any withdrawal fees for e-wallets and bank wire transactions, the intermediary bank may charge a fee for processing withdrawals according to their fee structure. For more information, please visit the TMGM funding & withdrawals dedicated page.

Inactivity fee: Currently, TMGM does not charge an inactivity fee or any account maintenance fees.

TMGM Popularity

Although a relatively new player in this industry, the TMGM brand is becoming globally recognized due to the management efforts of offering stable trading conditions to investors around the world. TMGM aims at providing the best trading conditions, powered by both industry-leading and cutting-edge innovative platforms.

From its headquarters in Sydney, Australia, and with a global presence in more than 150 countries, TMGM had a trading volume of more than $190 billion in July (according to their corporate website), placing the broker on the top 10 brokers globally. But TMGM strives to increase these figures further by offering to its clientele a great trading environment and the best tools for a successful trading experience.

TMGM is also a popular choice with traders looking for fast execution speeds, as the broker provides a safe and reliable trading environment for investors from all over the world via its state of the art Equinix data centres in New York NY4 and Tokyo TY3, connecting traders to partnerships with top-tier liquidity providers.

Popular trading account: The Edge account is the popular choice with traders looking to save on TMGM trading costs, with low starting spreads and a commission of $7 per round lot traded.

Trading education

TMGM also deserves extra popularity points for its range of trading education materials, available through the “Tools” tab on its website. Users can access the TMGM Academy, power their trading with some useful tools, such as Trading Central, learn with several trading courses, make informed decisions with TMGM daily market analysis and forecasts, and so much more.

Research & education materials available on TMGM website
FX Courses - money management, how to trade the markets, etc.
Market Analysis - daily or weekly market reports
Webinars - live, online trading education with experts
WebTV - live video stream of financial news
Trading Videos - trading education videos
Trading eBooks - trading education literature
Trading Strategies - technical analysis strategies
Trading Tools - calculators, economic calendar, etc.
Market Signals - suggested buy/sell entries with TP and SL levels

TMGM Promotions


TMGM FAQs

Who is Trademax Global Limited?

Trademax Global Limited is an online CFDs broker regulated by the Vanuatu Financial Services Commission (VFSC). This entity is part of the TMGM Group, an Australian-based financial services company licensed and regulated by the Australia Securities and Investment Commission (ASIC).

Trademax Global Limited is registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu, and is authorised and regulated by the Vanuatu VFSC, with registration number 40356.

The company provides online trading services (leveraged CFDs trading) to a global clientele, and also serves as an alternative for the traders looking for increased financial muscle – the maximum leverage ratio of Trademax Global Limited is 500:1.

Trademax Global Limited offers leveraged trading on over 12,000 CFDs from 5 distinctive asset classes; currencies, commodities, cryptocurrencies, shares and indices, and with this online broker investors can also trade micro-lots on forex, metals, indices and energies.

The minimum deposit required by Trademax Global Limited to fund a live trading account is $100 and the broker has a zero fees policy for deposits and withdrawals. Investors can trade currencies, for example, with two distinctive account types – Classic, for those looking to trade only with bid and ask prices, but with a higher starting spread, and Edge, offering lower starting spreads but with a trading commission of $7 per 100,000 currency units traded.

What is the TMGM Market Sentiment Tool?

The TMGM Market Sentiment Tool allows for an accurate view of the market sentiment for every instrument based on the daily sentiment posted from professional news articles, social media, and individual blogs.

This intuitive and user-friendly tool is provided to traders, with a registered account, by TMGM in partnership with Trading Central Market Buzz®. This tool is a revolutionary AI news desk providing aggregation and an engaging modernization of the feeds scattered across several financial platforms.

The tool’s proprietary natural language algorithms crunch and collect the massive amount of professional news articles, social media posts and individual blogs published online every day to provide an accurate view of any given instrument.

The tool covers several financial instruments, with over 35,000 stocks, 50 indices, 330 forex pairs, and 60 commodities, with more than 300 types of events such as earnings, dividend, and price movement, aggregated from 2,500+ news publications, 2,000+ blogs and social media channels.

With its unique algorithm, the tool’s concise analytics can also provide traders with the edge to gain a reliable view of the crowd’s impact on a certain financial instrument and look after their investments.

What is the TMGM HUBx platform?

The TMGM HUBx is a single hub for both fund managers and clients to work together. TMGM created from scratch the bespoke HUBx platform with fund managers and their clients in mind.

The TMGM HUBx is pretty much a PAMM platform, and with several cutting-edge futuristic functions, it helps fund managers to manage their clients’ funds, along with their risk allocations, in an easier way and more efficiently.

For investors, looking to copy the open positions of more experienced traders, the platform’s advanced portfolio adjustment tools help clients take full control of their investments easily and intuitively.

The TMGM HUBx platform boasts a comprehensive unified dashboard that allows fund managers to monitor all the managed accounts with important key statistics, including the name of the client, the net value and the allocated proportion. For investors, the dashboard allows total control of their investments, and clients can easily monitor and manage their positions along with adjusting their risk allocations.

Also very useful for investors, the TMGM HUBx's platform smart logs and journals keep track of all important transaction information. This, in turn, provides a truly transparent environment for clients to monitor the trading performance of money managers and their investment portfolios.

What is the TMGM minimum deposit?

TMGM minimum initial deposit is 100 currency units for all accounts – Classic and Edge. TMGM minimum deposit policy of 100 currency units applies to live accounts opened with any of the group’s entities, and for all accepted base currencies.

TMGM offers trading accounts in USD, AUD, EUR, GBP, NZD and CAD, thus the minimum deposit required is $100 AU$100, €100, £100, NZ$100 and CA$100 respectively.

For the IRESS accounts, the minimum deposit ranges from $5,000 to $50,000, depending on the selected package. In the TMGM IRESS Standard account, the minimum deposit is $5,000, the TMGM IRESS Premium account minimum deposit is $10,000 and the TMGM IRESS Gold account the minimum deposit is $50,000.

As a highly regulated broker, TMGM takes the safety of client funds seriously, and for this reason, all client deposits are fully segregated from the company’s funds and kept in a separate bank account with the National Australian Bank (NAB).

TMGM accepts account deposits via bank wire, credit/debit cards, China Union Pay, FasaPay, Neteller, Skrill (Moneybookers), SticPay, Revolut, Wise, RMB Instant, Asia Instant Pay and SEA Internet Banking.

TMGM does not charge any fees/commission for account deposits and account withdrawals, however, account deposits may be subject to fees by the sender’s bank, in the case of bank transfers. Deposits to TMGM trading accounts are almost instant, except for bank wire transfers, subject to banking schedule.

What are the TMGM leverage ratios?

TMGM leverage ratios, for retail traders, depends on the contracting entity and the asset class.

For a complete overview of TMGM maximum leverage ratios, per asset class, client classification and contracted entity, please refer to the table below:

Asset Class/Entity Trademax Global Limited (VFSC regulated) Trademax Global Markets (NZ) Limited (New Zealand FMA regulated) Trademax Australia Limited (Australia ASIC regulated)
Forex 500:1 200:1 30:1
Indices 100:1 100:1 20:1
Shares 10:1 10:1 10:1
Energies 100:1 100:1 10:1
Metals 400:1 200:1 20:1
Cryptocurrencies n/a 5:1 2:1

TMGM review - final considerations.

We conclude our TMGM review with the final considerations regarding this CFD broker. TMGM stands out for being a strongly regulated broker offering an excellent range of tradable financial instruments, especially for investors looking to trade shares, via its DMA access IRESS accounts.

Also positively, TMGM offers retail investors the possibility to trade with one highly-regulated entity, the Australian entity, where retail client money protection and other safety mechanisms are offered by default, and this entity is our recommendation for retail traders.

With TMGM traders are allowed to hedge, scalp, swing or position trade, use EAs for automated trading, with no restrictions, all merged with competitive pricing and fast execution speeds via reliable trading platforms, available for desktops running Windows, macOS, and mobile devices running Android and iOS.

Overall, the level of safety for retail client’s funds offered by the broker, together with an always popular policy of no fees on deposit & withdrawals and a low initial deposit of 100 USD, or the equivalent in other base currencies, position this CFDs broker on the top 10 brokers for popularity with traders opening a trading account in 2021.

TMGM User rating

0.0

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Currently, we do not have enough data from TMGM verified customers, with a real trading account, to analyse and publish the broker’s customers feedback. We will update the TMGM user rating section soon.

Review sources

For over 10 years we have been one of the top IB brokers for live forex and CFD trading accounts to virtually all of the world's first-class retail brokers. One of our foremost goals is to help traders make informed decisions by publishing unbiased and accurate content, supported by primary sources.

These sources may include information supplied by the broker itself, government data, data available on the broker's corporate website(s), the broker’s analysis from our industry experts, and the opinions of verified traders with a live account. The information on this TMGM review page was also collected from:

Disclaimer: Investing in CFDs and Margin 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 underlying assets. We recommend that you seek independent advice and ensure fully understand the risks involved before trading. You must read and consider disclosure documents before you acquire any product listed on the TMGM website(s).