Brokers  /  TMGM

TMGM

Low risk
🇦🇺 Australia · 5-10 years · since 2017-11-27 · Trademax Australia Limited
ASICVFSC
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
2
Licenses ›
0
Withdrawal issues ›
$100
Min. deposit ›
1:1000
Max leverage ›
3
Account types ›
10/100
Scam risk ›
10
Clone sites ›
Accounts: TMGM Swap Free · $100Edge · $100Classic · $100
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX8.58/10
Trustpilot—/5
Forex Peace Army—/5
10
Low risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameTrademax Australia Limited
Headquarters🇦🇺 Australia
Founded2017-11-27
Years operating5-10 years
Employees0
Official websitetmgmzh.com
Trading conditions
Avg execution speed188.5 ms AAA
Avg slippage0.9 C
Swap ratingA
Trading cost ratingB
Monitored traders11,221
Monitored orders222,896
Funding & instruments
Deposit methods14 · Bank, transfer, Skrill, MASTER, VISA
Withdrawal methods5 · Bank, transfer, Neteller, Skrill
InstrumentsFX: 56 Bullion: 3 Oil: 2 CFD: 20 Crypto: 12 Shares: 48
Registered address
Level 28, One International Tower 100 Barangaroo Avenue, 2000 Sydney NSW Australia

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making License (MM)436416AustraliaRegulated
VFSCForex Trading License (EP)40356VanuatuOffshore Regulation

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
TMGM Swap Free1:1000$100From 0.0 Pips--✓
Edge 1：500$100From 0--✓
Classic 1：500$100From 0.2--✓
Full reviewIn-depth editorial analysis

Review analysis AI

TMGM holds a genuine ASIC Market Making licence (AFSL 436416), granting it Tier‑1 regulatory standing for its Australian operations. However, the group’s heavy reliance on a Vanuatu offshore licence (VFSC) for international clients introduces significant jurisdictional risk, as Vanuatu lacks investor compensation schemes and enforces minimal compliance standards. While our Scam Risk Score of 10/100 indicates a low likelihood of outright fraud, actual client‑fund safety hinges on whether the account is held with the Australian entity or the lightly supervised offshore arm.

Best for
  • Experienced ECN traders seeking raw spreads
  • MT4/MT5 users who want a low $100 minimum deposit
  • Algorithmic and scalping strategies (via Edge account)
  • Australian residents who can use the ASIC‑regulated entity
Not for
  • Traders who need strong retail protections and leverage caps
  • Those uncomfortable with offshore licensing (VFSC)
  • US or UK residents (not onboarded under major Western regulators)
  • Complete beginners who require extensive educational resources
Period:

Real user reviews

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What TMGM says about itself as stated by the broker · not independently verified by FXCanary

About TMGM

The broker presents itself as a global online ECN/STP broker founded in 2013 and headquartered in Sydney, Australia. According to its website, TMGM (formerly TradeMax Global Markets) serves traders in over 150 countries and has facilitated more than $2 trillion in trading volume. The company highlights its commitment to cutting‑edge technology, deep liquidity, and tight spreads.

Regulatory Claims

TMGM claims to be regulated by four leading financial authorities: the Australian Securities and Investments Commission (ASIC – AFSL 436416), the Vanuatu Financial Services Commission (VFSC), the Financial Services Authority of Seychelles (FSA), and the Financial Services Commission of Mauritius (FSC). The broker emphasizes that client funds are held in segregated accounts and that it adheres to strict capital adequacy requirements.

Account Types and Pricing

TMGM advertises three main retail account types: Edge, Classic, and Cent. The Edge account claims raw spreads from 0.0 pips with a $7 round‑turn commission. The Classic account offers spreads from 0.5 pips with no commission. All account types require a minimum deposit of $100 and provide maximum leverage up to 1:500 (retail clients under ASIC) or up to 1:1000 for the Swap‑Free account. The broker also offers an Islamic/Swap‑Free account option and an IRESS platform for share trading.

Platforms and Instruments

The broker states it supports MetaTrader 4, MetaTrader 5, the proprietary TMGM App, and the IRESS platform for direct market access to equities. Its website promotes access to over 10,000 trading instruments, including forex, indices, commodities, cryptocurrencies, and real shares, though specific asset counts may vary by entity. TMGM also provides copy trading through Hubx and 24/7 multilingual customer support.

About TMGM

FXCanary Editorial Profile

TMGM is an Australian‑based forex and CFD broker operating under multiple regulatory frameworks. Our investigation draws on ASIC registry records, the Vanuatu Financial Services Commission’s public register, and the broker’s self‑disclosed information. While the broker claims a broad global presence, our independent analysis focuses on the tangible safeguards and trading conditions that matter most to retail traders.

Overview compiled by FXCanary from regulatory records and public data. full TMGM review