TMGM (Trademax Global Markets) Forex Broker

ASIC & VFSC Regulated - High Trust

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Trust Score

7.8

OUT OF 10

Pros

Regulated by ASIC (Australian Securities and Investments Commission) under license 436416 providing strong client fund protection
Highly competitive spreads starting from 0.0 pips on Edge accounts with transparent $3.50 per side commission structure
Low minimum deposit requirement of just $50 making it accessible for new traders
Multiple trading platforms including MT4, MT5 and WebTrader with advanced charting and analysis tools
Comprehensive range of tradable assets including forex, stocks, indices, commodities and cryptocurrencies
Robust customer support available in multiple languages with fast response times
Strong reputation on Trustpilot with excellent customer satisfaction ratings

Cons

Variable spreads can widen significantly during major news events and low liquidity periods
Limited cryptocurrency offerings compared to specialized crypto brokers
No negative balance protection for certain account types which could expose traders to additional risk
Customer support can be slower during peak Asian trading hours
Some users report delays in account verification process especially for international clients
Limited educational resources compared to larger international brokers

Basic Information

Company

TMGM (Trademax Global Markets)

Region

Australia

Established

2013

support@tmgm.com

Phone

+61 2 8036 8388

Website

www.tmgm.com

User Reviews

James Wilson Sydney, Australia

★★★★☆

I've been trading with TMGM for 14 months using their Edge account, primarily focusing on forex majors and ASX stocks. The raw spreads are genuinely competitive - I typically see 0.1-0.2 pips on EUR/USD during Sydney session. Execution is reliable and I've never experienced significant slippage. Their ASIC regulation was a key factor in choosing them, and I appreciate the transparent fee structure. Customer service has been responsive, usually replying within minutes during Australian hours. My only concern is that spreads can widen considerably during major news events, but this is common across most brokers. Overall, a solid choice for serious traders.

Chen Wei Singapore

★★★☆☆

Started trading with TMGM 6 months ago with a Classic account. The platform is stable and trading execution is generally good, but I've experienced some delays with customer support during Asian trading hours. The verification process took longer than expected - almost 5 days to complete. While the spreads are reasonable during main market hours, they become quite wide during off-peak times. The educational resources are somewhat limited compared to other brokers I've used. Withdrawals work fine once verified, but the initial process could be smoother. Decent broker overall but needs improvement in Asian market support.

Michael O'Brien Melbourne, Australia

★★★★★

Professional trader here with over $50,000 invested through TMGM's Edge account. Their ASIC regulation and fund security were the primary reasons I chose them. Been actively trading for 15 months, focusing on forex and indices. The raw spread model with $3.50 commission per side works perfectly for my high-volume trading strategy. I've processed numerous withdrawals, all handled efficiently within 24-48 hours. Their MT5 platform performance is excellent with consistent execution speeds below 50ms. The customer service team, especially during Australian hours, is knowledgeable and professional. Highly recommend for serious traders who prioritize regulation and execution quality.

Overview

TMGM (Trademax Global Markets) is an Australian-based forex and CFD broker established in 2013 that has grown to become a significant player in the global trading industry. Operating under strict ASIC regulation in Australia and VFSC oversight in Vanuatu, TMGM has built a strong reputation for providing reliable trading services to clients worldwide. The broker maintains headquarters in Sydney with a presence in multiple international locations. TMGM offers traders access to multiple asset classes through various account types designed to suit different trading styles and experience levels. The broker’s Edge account provides institutional-grade pricing with raw spreads from zero pips plus commission, while the Classic account offers commission-free trading with slightly wider spreads. A standout feature is their low minimum deposit requirement of just $50, making the platform accessible to traders of all levels. The company emphasizes technological innovation and trading efficiency, providing clients with advanced trading platforms including MT4, MT5, and WebTrader solutions. TMGM’s regulatory compliance and focus on client fund security, combined with competitive trading conditions and professional support services, has helped establish them as a trusted name in the online trading industry. The broker particularly appeals to traders seeking a regulated environment with competitive pricing and modern trading infrastructure.

Is TMGM (Trademax Global Markets) Safe? Regulation Analysis

TMGM operates under a dual regulatory framework that provides comprehensive oversight of its operations. The primary entity, Trademax Australia Limited, is regulated by the Australian Securities and Investments Commission (ASIC) under license number 436416, issued in December 2013. This ASIC regulation requires strict compliance with Australian financial services laws, including mandatory client fund segregation, regular external audits, and maintenance of substantial capital adequacy requirements. Additionally, Trademax Global Limited is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) under registration number 40356, providing regulatory coverage for international clients. Under ASIC regulation, TMGM must maintain segregated client funds in major Australian banks, ensuring client money is protected and separated from operational funds. The broker has maintained a clean regulatory record with no significant enforcement actions or fines from regulators. While ASIC regulation provides robust protection for Australian clients, international clients trading under the VFSC entity should note that regulatory protections may vary. TMGM implements strict compliance procedures including comprehensive KYC and AML policies across all jurisdictions.

Trading Products and Services

Forex Trading: Over 50 currency pairs available including major pairs (EUR/USD, GBP/USD, USD/JPY), minor pairs, and exotic crosses with competitive spreads starting from 0.0 pips on Edge accounts
Stocks CFDs: Trading available on hundreds of global stocks from major exchanges including NYSE, NASDAQ, ASX, and more
Indices: Major global indices including S&P 500, NASDAQ 100, ASX 200, FTSE 100, and DAX
Commodities: Wide range of commodities including gold, silver, oil, and agricultural products
Cryptocurrencies: Access to major cryptocurrency CFDs including Bitcoin, Ethereum, and other popular digital assets
Precious Metals: Gold and silver trading with competitive spreads and reliable execution

Trading Platforms

MetaTrader 4 (MT4): Industry-standard platform offering advanced charting, technical analysis tools, Expert Advisors (EAs), and customizable interface. Available on desktop, web, and mobile devices
MetaTrader 5 (MT5): Next-generation platform with enhanced features including more timeframes, technical indicators, and advanced order types
WebTrader: Browser-based trading platform requiring no downloads, offering full trading functionality and real-time charts
Mobile Trading: Native iOS and Android apps providing full trading capabilities, real-time quotes, and account management on the go
Tools & Resources: Economic calendar, market analysis, trading signals, and VPS hosting services available

Deposit and Withdrawal

Deposit Methods: Credit/debit cards (Visa, Mastercard), bank wire transfers, popular e-wallets including Skrill and Neteller
Minimum Deposit: Low entry threshold of $50 for standard accounts
Processing Times: Instant processing for card and e-wallet deposits, 2-5 business days for bank transfers
Withdrawal Methods: Same as deposit methods with processing times varying from 24 hours for e-wallets to 3-5 business days for bank transfers
Fees: No deposit fees charged by TMGM, though third-party payment providers may charge fees
Currencies: Multiple base currencies supported including USD, EUR, GBP, and AUD

Customer Support

TMGM provides comprehensive customer support through multiple channels including 24/5 live chat, email support, and telephone assistance. The support team is available in multiple languages and has received positive feedback for response times and problem resolution. Live chat support typically responds within minutes during market hours, while email queries are handled within 24 hours. The broker maintains dedicated support teams for different regions and time zones, ensuring consistent service quality. Educational resources include trading guides, market analysis, and webinars. VIP clients receive additional support through dedicated account managers. The broker’s support infrastructure is particularly praised for technical assistance and account-related queries.

Frequently Asked Questions (FAQ)

Q: Is TMGM a regulated and safe broker?
A: Yes, TMGM operates under strict regulatory oversight from ASIC (License 436416) in Australia and VFSC (Registration 40356) in Vanuatu. The broker maintains segregated client funds in major banks and has a strong track record of regulatory compliance since 2013. Their ASIC regulation provides robust client protection and oversight.

Q: What are the minimum deposit requirements and account types?
A: TMGM offers a low minimum deposit of $50 for standard accounts. They provide two main account types: Edge accounts with raw spreads from 0.0 pips plus commission, and Classic accounts with commission-free trading and slightly wider spreads. Both account types offer full platform access and customer support.

Q: How reliable is TMGM’s trading execution?
A: TMGM utilizes advanced trading infrastructure to provide reliable execution with minimal slippage. The broker offers both MT4 and MT5 platforms known for stable performance. While spreads can widen during major news events, execution quality remains consistent with quick order filling and no significant technical issues reported.

Q: What are the withdrawal processes and timeframes?
A: Withdrawals are processed through the same methods used for deposits, including credit/debit cards, bank transfers, and e-wallets. E-wallet withdrawals typically process within 24 hours, while bank transfers may take 3-5 business days. The broker requires account verification before processing withdrawals, which usually takes 24-48 hours for first-time verification.