TMGM
#1 by Retail FX VolumeTMGM Review: Trading Platforms, Accounts, App, Markets & Fees
Rankly Score
Safety
4.6/5
Cost
4.8/5
Platform
4.8/5
Last Updated
May 2026
Key Facts
Quick Verdict
TMGM scores 4.6/5 overall, with standout performance in trading costs(4.8/5). The broker is Best for Scalping and Best for Gold Trading.
Rankly Score Breakdown
Rankly Score
Weighted from 10 categories
4.6
Safety Score
4.8
Cost Score
4.4
Withdrawal Score
4.8
Platform Score
4.5
Local Support
4.2
Beginner Score
4.8
Advanced Trader
Broker Overview
TMGM (TradeMax Global Markets) is an Australian-regulated multi-asset CFD broker ranked #1 by retail FX and other instrument volume according to the Finance Magnates Intelligence Report. Founded in 2013 and regulated by ASIC, TMGM is well-suited to active multi-asset traders who seek deep liquidity, professional infrastructure, and tight raw spreads. The broker offers MT4, MT5, IRESS, and a proprietary web platform.
Pros & Cons
Pros
- Ranked #1 by retail FX and other instrument volume (Finance Magnates Intelligence Report)
- ASIC-regulated with institutional-grade liquidity and ECN execution
- Offers IRESS platform in addition to MT4/MT5 — rare among retail CFD brokers
- Raw spread accounts with 0.0 pip spreads on major pairs
- Wide range of CFD markets including shares, crypto, gold, oil, and indices
- Dedicated account managers for premium clients
Cons
- Higher minimum deposit of $100 compared to some competitors
- Educational resources less comprehensive than XM or eToro
- IRESS platform requires higher minimum capital
- Limited availability in some European countries
Who This Broker May Suit
Who Should Avoid This Broker
Not sure which broker is right for you? Use our broker comparison tool to filter by your trading style, deposit size, and preferred markets.
Account Types
| Account | Min Deposit | Spread | Commission | Leverage | Suitable For |
|---|---|---|---|---|---|
| Classic | $100 | From 1.0 pip | No | Up to 1:500 | Standard retail traders |
| Edge | $100 | From 0.0 pips | $7/round turn | Up to 1:500 | Active ECN traders |
| Islamic (Swap-Free) | $100 | From 0.0 pips | Varies | Up to 1:500 | Islamic finance compliant traders |
Safety & Regulation — Entity by Entity
TMGM operates through multiple legal entities, each regulated by a different financial authority. The entity you trade with depends on your country of residence. This directly affects your investor protection, leverage limits, and compensation scheme eligibility.
ASIC
Licence: ABN 90 149 011 361 · Australia
VFSC
Licence: 40356 · Vanuatu
Yes — on all retail accounts
Yes — client funds held separately
Up to €20,000 / £85,000 depending on entity
Execution Quality
TMGM offers ECN execution with institutional-grade liquidity from 25+ tier-1 providers. Average execution speed is under 0.05 seconds. Ranked #1 by retail FX volume, indicating deep liquidity and minimal slippage. No dealing desk.
Execution Model
ECN / STP
Avg. Speed
< 0.1s
Requotes
None
Trading Platforms
MetaTrader 4 (MT4)
Desktop / Mobile / Web
Standard MT4 with full EA automation, tight ECN feed, and 9 timeframes.
MetaTrader 5 (MT5)
Desktop / Mobile / Web
Multi-asset MT5 with built-in economic calendar, advanced orders, and strategy tester.
IRESS ViewPoint
Desktop / Web
Professional-grade platform for shares and share CFDs, used by institutional and sophisticated traders.
TMGM Mobile App
iOS / Android
Mobile trading app with real-time market data, account management, and one-click execution.
Mobile App Review
TMGM's mobile app supports MT4/MT5 connectivity with a clean interface for order management, real-time charts, and account monitoring. The app is available on iOS and Android and supports biometric authentication.
Trading Instruments & Product Range
Forex
60+ pairsEUR/USD, GBP/USD, USD/JPY + major, minor, exotic pairs
Metals (CFD)
4 instrumentsGold (XAU/USD), Silver (XAG/USD)
Energy (CFD)
4 instrumentsWTI Crude, Brent Crude, Natural Gas
Indices (CFD)
15 indicesASX 200, S&P 500, NASDAQ, FTSE 100, Hang Seng
Shares (CFD)
10,000+Australian, US, HK shares — 10,000+ via IRESS
Crypto (CFD)
20+ crypto CFDsBTC, ETH, XRP, BNB, SOL
Fees & Spreads
Min Deposit
$100
Spreads From
0.0 pips (Edge)
Max Leverage
Up to 1:500
Platforms
MT4, MT5, IRESS, Web, Mobile
TMGM offers competitive spreads across all account types. Raw/ECN accounts provide the tightest spreads with a per-lot commission. Standard accounts are commission-free with slightly wider spreads. All fees are transparent with no hidden charges.
Swap Fees & Overnight Charges
Islamic swap-free accounts available. Standard swap rates are competitive for FX and indices. Share CFDs carry higher holding costs. Triple swap applies Wednesday.
Swap rates are calculated at 22:00 GMT (or 00:00 broker time). Triple swap is charged on Wednesday for FX and metals. Always check the current swap rates on the trading platform before holding positions overnight.
Deposits & Withdrawals
Minimum Deposit
$100 for all account types
Withdrawal Time
1-2 business days for bank wire; instant for some e-wallets
Fees
No fees charged by TMGM for standard methods. Bank fees may apply for international wire.
Base Currencies
USD, EUR, GBP, AUD, HKD, SGD
Accepted Payment Methods
Local Payment Availability
TMGM supports POLi and PayID for Australian clients. Asian clients can use local bank transfers. Crypto deposits in BTC, ETH, and USDT are available globally.
Customer Support
Availability
24/5
24/5 support via live chat, email, and phone. Dedicated account managers for premium clients. Support is professional and responsive, with average chat response times under 2 minutes.
Support Channels
Education & Trading Tools
Learning Level
Beginner to Intermediate
TMGM provides basic trading guides, market analysis, and occasional webinars. The education section is functional but less developed than XM or EBC. Best suited for traders who already understand the basics.
Available Resources
Promotions & Bonuses
Deposit Bonus
Up to $500 deposit bonus for qualifying first-time depositors. Conditions apply.
Terms: Minimum deposit required. Volume-based release. Not available to ASIC-regulated accounts.
Refer a Friend
Earn trading credits for each verified referral who opens and funds a live account.
Terms: Both parties must meet minimum deposit and trading volume requirements.
Risk Warning: CFD trading involves significant risk of loss. This review is for informational and comparison purposes only. Not investment advice. Past performance does not guarantee future results. Trading CFDs with leverage can result in losses that exceed your initial deposit.
Countries Supported
TMGM is available to traders in the following regions and countries. Availability may vary depending on the regulatory entity and local laws.
* Country availability is subject to change. Always verify your jurisdiction's eligibility on the broker's official website.
Common Complaints
Based on user-reported feedback and our own research, here are the most common issues raised by TMGM traders. These are presented neutrally with editorial context.
Some users report longer processing times for bank wire withdrawals compared to e-wallets.
bank processing times vary
IRESS platform requires a higher minimum balance and is not suitable for beginners.
IRESS is for professional traders
Weekend support is limited to email only.
24/5 coverage standard
User Reviews
Ranked #1 by retail FX and other instrument volume (Finance Magnates Intelligence Report)
ASIC-regulated with institutional-grade liquidity and ECN execution
Offers IRESS platform in addition to MT4/MT5 — rare among retail CFD brokers
Alternatives to Consider
If TMGM doesn't match your trading needs, consider these alternative CFD brokers:
IC Markets
Best ECN BrokerTrue ECN broker favored by algorithmic and professional traders for its institutional-grade liquidity.
Best for
Advanced traders and MetaTrader power users
Exness
Top RatedGlobal broker known for ultra-fast execution and transparent trading conditions across Forex and CFD markets.
Best for
Trading app visibility and global brand search demand
EC Markets
Emerging MarketsEmerging-market focused CFD broker offering competitive spreads and multi-asset access across major platforms.
Best for
Emerging-market CFD traders
Quick Comparison Table
| Feature | TMGM | Industry Avg |
|---|---|---|
| Regulation Score | 4.6 | 4.2 |
| Trading Cost | 4.8 | 4.0 |
| Platform Quality | 4.8 | 4.1 |
| Withdrawal Speed | 4.4 | 3.8 |
| Customer Support | 4.5 | 4.0 |
| Education | 4.0 | 3.9 |
* Industry average is calculated across all 6 brokers reviewed by Rankly. Higher scores indicate better performance.
TMGM FAQ
Yes. TMGM is regulated by the Australian Securities and Investments Commission (ASIC) under ABN 90 149 011 361. This is one of the strictest retail trading regulators globally.
Source: TMGM independent review — Rankly
Important Risk Disclaimer
This TMGM review is produced independently by Rankly for educational and comparison purposes only. It does not constitute financial advice or a recommendation to trade. CFD trading involves a high risk of losing money rapidly due to leverage. A significant percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford the high risk of losing your money. Always read the full terms and conditions on the broker's official website before opening an account.
Data Sources
Affiliate Disclosure
Rankly may receive compensation when you click on links to trading platforms and open an account. This does not influence our independent editorial ratings, rankings, or reviews. We only recommend platforms that meet our strict quality standards. See our full affiliate disclosure for more details.
Risk Warning
CFD trading involves a high risk of losing money rapidly due to leverage. Between 60–80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. This content is for educational purposes only and does not constitute investment advice. See our full risk warning.
Broker Entity Disclaimer
TMGM operates through multiple legal entities regulated in different jurisdictions. The entity you trade with depends on your country of residence. Always verify the specific entity and its regulator on the broker's official website before opening an account.
Country Availability
TMGM availability varies by country and regulatory entity. This review reflects general availability but may not apply to your specific jurisdiction. Always verify your eligibility on the broker's official website. Country availability is subject to change due to regulatory developments.