TMGM Forex Broker Review
ASIC-regulated Australian broker with 10,000+ instruments including DMA equities, well-positioned for Asian traders who want Australian regulatory standards alongside a broad asset range.
Also reviewed as:
How TMGM ranks
Trust & Regulation
#20of 55
Fees & Spreads
#19of 55
Platforms & Tools
#20of 55
Customer Support
#20of 55
Min Deposit
$100
Spreads From
0 pips
Max Leverage
500:1
Founded
2013
HQ
Melbourne, Australia
Last Reviewed
May 3, 2026
TMGM Pros
- 10,000+ instruments including real equities via IRESS DMA
- ASIC regulated - Tier 1 Australian investor protections
- ECN Edge account: raw spreads from 0.0 pips at $7 commission
- Strong multilingual support for Asian clients
- Client funds held in segregated accounts
- Negative balance protection
- No deposit fees
- No inactivity fee
- MetaTrader 4 and MetaTrader 5 supported
- Mobile trading app available
- Advanced charting tools included
- Transparent pricing with clear cost disclosure
- 24/5 live chat support
- Phone support available
TMGM Cons
- $100 minimum deposit on standard accounts
- Less brand recognition than IC Markets or Pepperstone in Australia
- IRESS DMA platform requires separate setup
- No investor compensation scheme
- No proprietary platform
TMGM Forex Broker Review
TMGM's breadth and Asian market focus
TMGM (formerly TradeMax) holds an ASIC licence and a VFSC (Vanuatu) licence for offshore clients. The broker has invested heavily in Asian market reach - particularly Chinese-speaking clients - with multilingual support, local payment methods, and a product range that includes direct market access to ASX, HKEX, and US equities alongside standard CFDs.
Platform and instruments
MT4 and MT5 are available with access to 10,000+ instruments. The IRESS platform integration for DMA equities is a notable differentiator: IRESS provides institutional-grade direct market access to exchange-traded securities at NBBO pricing, suited for traders who want real equity execution alongside leveraged CFD forex. This combination of IRESS + MT4/MT5 is offered by a small number of ASIC brokers (FP Markets also offers it).
Trading costs
Classic account spreads start from 1.0 pip. The Edge ECN account offers raw spreads from 0.0 pips with a $7 round-turn commission per lot - matching the IC Markets benchmark.
Regulation
ASIC licence 436416 governs the primary entity under Australian Tier 1 standards: mandatory client fund segregation, capital adequacy, and retail negative balance protection. The VFSC entity provides offshore coverage for clients outside ASIC's jurisdiction.
TMGM Score Breakdown
4.0/ 53/440% of total score+0.1 above average#20 of 55
4.3/ 5- Top-tier regulator (FCA, ASIC, CFTC, etc.)
- Segregated client funds
- Negative balance protection
- Compensation scheme (e.g. FSCS)
4/430% of total score+0.1 above average#19 of 55
4.3/ 5- Raw/ECN spreads available
- No deposit fee
- No inactivity fee
- Transparent pricing page
3/420% of total scoreat average#20 of 55
4.2/ 5- MT4/MT5 available
- Proprietary platform
- Mobile app
- Advanced charting tools
3/310% of total scoreat average#20 of 55
4.1/ 5- 24/5 live chat
- Phone support
- Multilingual support
Last reviewed: May 3, 2026
TMGM Active Forex Bonuses
2Referral
Cash reward for referrer and new client
TMGM Refer a Friend
TMGM pays cash rewards to existing clients who refer new traders - both referrer and new client receive a credit once the account is funded and trading starts.
Min. deposit: $100
Deposit Bonus
Percentage welcome bonus on first qualifying deposit
TMGM Welcome Deposit Bonus
TMGM offers new international clients a percentage welcome bonus on their first qualifying deposit - credited as non-withdrawable margin support.
Min. deposit: $100
Researching your options? Browse our full list of the best forex brokers to compare scores, spreads, and regulation side by side.
TMGM Regulatory Licences
Verified regulation is a key factor in identifying a reliable choice for forex traders.
TMGM Forex Trading Platforms
Compare the leading forex trading platforms supported by TMGM.
TMGM Markets & Instruments
Forex
Stocks
Commodities
Indices
Crypto
ETFs
Countries Where TMGM Is Available
Brazil
China
Spain
France
Nigeria
Netherlands
Australia
Germany
Singapore
South Africa
United Arab Emirates
Bahrain
Oman
Hong Kong
Indonesia
Malaysia
New Zealand
India
Italy
Kenya
Cambodia
Kuwait
Qatar
Philippines
Poland
Mexico
Saudi Arabia
Thailand
Myanmar
Taiwan
VietnamReady to trade with TMGM?
Open your account and start trading today.
Frequently Asked Questions About TMGM Forex Trading
TMGM is regulated by top-tier authorities including ASIC, VFSC. Client funds are held in segregated accounts at tier-1 banks, separate from company funds. Negative balance protection ensures clients cannot lose more than their deposited capital. Always verify the licence on the regulator's public register before depositing.
TMGM's minimum deposit is $100. Deposits are accepted free of charge via bank transfer, card, and selected e-wallets.
TMGM offers raw spreads from 0.0 pips with a commission of $7.00 per standard lot round-turn on the raw-spread account. Deposits are free on standard funding methods. No inactivity fee applies to dormant accounts.
TMGM customer support is available via live chat during trading hours (24 hours a day, Monday to Friday). Phone support is also available. Support is provided in multiple languages.
Personalised recommendation
Not sure which broker is right for you?
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker