Overview
TMGM, short for Trademax Global Markets, is an Australian forex and CFD broker that's been around since 2013. It's a fit for MetaTrader traders who want low entry costs and a choice between raw spreads and all-in pricing. The Australian entity holds an ASIC licence, while most international clients are served by offshore entities regulated in Seychelles, Vanuatu and Mauritius. It doesn't take US residents.
Accounts and costs
There are two live accounts, both starting at $100. Edge gives you raw spreads from 0.0 pips with a $7 commission per round-turn lot, which suits scalpers and busier traders. Classic has no commission and spreads from 1.0 pips, so costs are simpler but higher per trade. Leverage on the international entities goes up to 1:1000, though TMGM cuts gold and oil leverage an hour before the Friday close. A swap-free version is available, and there's a demo account to try things first. Reviewers mention a $30 monthly inactivity fee after six months of no trading.
Platforms and markets
MT4 and MT5 are the main platforms, on desktop, web and mobile. There's also the TMGM app with TradingView-powered charts, and some reviewers point to the IRESS platform for share trading. TMGM says it offers over 12,000 instruments, covering forex, indices, commodities, metals, energies, shares and crypto, all as CFDs.
Money in and out
You can fund with bank wire, Visa or Mastercard, Skrill, Neteller, USDT and USDC, Wise, Revolut and a set of regional options like UnionPay and FasaPay. TMGM doesn't charge deposit or withdrawal fees, but banks in the middle of a wire can. Withdrawal routes are fewer than deposit ones, and the payment account has to be in your own name.
Good
- ASIC-licensed Australian entity alongside its international ones
- $100 minimum on both live accounts
- Edge account pairs raw spreads with a $7 round-turn commission
- No TMGM fees on deposits or withdrawals, with cards, e-wallets and crypto
- Swap-free account available
Watch for
- Most international clients sit under offshore regulators in Seychelles, Vanuatu or Mauritius
- Classic spreads from 1.0 pips are wider than raw-spread rivals
- Monthly inactivity fee after six months without trading
- Not available to US residents
Accounts and costs
What each account needs to open and what you pay to trade on it.
| Account | Min deposit | Pricing | Max leverage |
|---|---|---|---|
| Edge | $100 | Raw spreads from 0.0 pips plus $7 commission per round-turn lot | Up to 1:1000 (international entities) |
| Classic | $100 | No commission, spreads from 1.0 pips | Up to 1:1000 (international entities) |
Regulation
Which entity holds which licence. Your protection depends on the entity you open an account with.
Platforms and markets
Platforms
Markets
Deposits and withdrawals
- Methods
- Bank transfer, Card, Skrill, Neteller, Crypto, Wise, Local methods
- Minimum deposit
- $100
- Not available in
- US
What traders say
Scores from the sites traders use, and our summary of what they're saying, checked 6 October 2026.
TMGM's reviews split in two. Trustpilot shows 4 stars from about 970 reviews, and comparison sites put the TrustScore at 3.9. Myfxbook rates it 4 and TrustFinance users give 4.7 from about 280. Forex Peace Army is far harsher: one comparison site quotes about 1.5 there, though the bundle does not show FPA's own number. Sitejabber has a single 1-star review. Positive reviews are about spreads and support. The negative ones are mostly about withdrawals and profits taken back.
What traders like
Spreads and execution. Many Trustpilot and Myfxbook reviewers report tight spreads, low commissions and stable MT4 and MT5 fills.
Named support staff. Recent Trustpilot reviews often thank individual account managers for fixing payment or account problems.
Extras. Some like the loyalty points scheme, copy trading and support in several languages, including Chinese.
Common complaints
Withdrawals held or cancelled. This is the biggest theme on Forex Peace Army, Trustpilot and WikiFX. Reviewers describe withdrawals pending for days or weeks, or cancelled after approval. BrokerChooser's summary of forum posts from May to August 2026 also names withdrawal delays as the main complaint.
Profits removed. Several traders say their accounts were set to close-only or their profits voided over market abuse or terms breaches, including some who only copy-traded. TMGM's replies cite its client agreement.
Extra ID checks. Some describe new identity and anti-money-laundering requests coming after a profitable run.
Costs. A few mention expensive swaps and slippage.
Impostor sites. Reddit users warn of lookalike TMGM domains.
Recently
July 2026: Trustpilot reviewers describe a withdrawal held for four days, and a copy-trade account whose balance was voided as a terms breach, which the reviewer disputes.
May to August 2026: BrokerChooser's roundup of public comments lists withdrawal delays, account locks and profit removals as the most repeated complaints.
Where this comes from
Trustpilot: the main review page.
Forex Peace Army: reviews and complaint threads.
Myfxbook: trader reviews.
TrustFinance: user reviews.
Sitejabber: a single review.
Reddit search: forum threads, including warnings about impostor sites.
Verified reviews
Reviews from traders who've connected an account at TMGM to Chartnaut, so you know they actually traded there. Opening soon.