TMGM Review in 2025

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: November 5, 2025

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• Jump to:
• Regulations
• Trading Instruments
• Trading Platforms
• Payment Methods
• Account Types
• Support
• Conclusion
›

TMGM, originally launched in 2013 as TradeMax in Sydney, is a multi-asset CFD broker that targets both retail and professional traders. The brand offers the familiar MetaTrader 4 and MetaTrader 5 suites alongside its own HubX copy-trading portal, while minimum deposits remain low at $100 on all live accounts. Clients can trade forex, indices, energies, metals, shares and selected cryptocurrencies as CFDs, with advertised leverage of up to 1:500 under the offshore entity and 1:30 under the Australian licence.

Fund segregation, negative balance protection (outside Australia this is stated as a policy, not a regulatory guarantee) and two pricing grids (spread-only and raw-spread-plus-commission) form the core proposition. The broker does not operate an investor compensation scheme, so users must rely on internal controls and, in some jurisdictions, access to an external dispute resolution body.

Regulations

TMGM is the trading name used by three disclosed legal entities. The Australian branch is Trademax Global Markets Pty Ltd (ABN 76 157 768 566), authorised and regulated by the Australian Securities and Investments Commission (ASIC) – AFSL 436416 since 19 September 2013. Its registered office is Level 28, 31 Market Street, Sydney NSW 2000, Australia.

Offshore clients are onboarded by Trademax Global Limited, incorporated in the Bahamas (company no. 8453636-1) and authorised by the Securities Commission of the Bahamas (SCB) – licence SIA-F220 issued 16 June 2021. The published address is Office 5B, Saffrey Square, Nassau, Bahamas.

A further entity, Trademax Global Markets (NZ) Limited (FSP 569807), is registered on New Zealand’s Financial Service Providers Register and is a member of the Financial Dispute Resolution Service (FDRS). The New Zealand register confirms the company status as ‘Authorised’ but does not equate to prudential supervision.

TMGM states it does not accept residents of the US, Canada, Hong Kong, or jurisdictions where CFD trading is restricted. Full country exclusions are not listed – “Not disclosed” – but prospective clients are screened during onboarding.

Client money is held in segregated trust accounts at Australian AA-rated banks for ASIC customers and at tier-one institutions for SCB customers. Australian clients can escalate disputes to AFCA, while Bahamas clients rely on the Internal Complaints Handling Procedure followed by the SCB’s tribunal. None of the entities participate in a statutory investor compensation fund.

Trading platforms

Platforms	PC / MAC	Smartphones	Tablets
MetaTrader 4
MetaTrader 5
Proprietary

Trading Information
Trading Platforms	MetaTrader 4, MetaTrader 5, Proprietary Mobile
Demo Account
Hedging
Scalping
US Traders
Arabic Traders

TMGM supports two mainstream third-party platforms plus its own copy-trading interface. MT4 and MT5 come in desktop, web and mobile formats, with the usual EA, algorithm and VPS compatibility. HubX sits on top as a social-trading layer and can be accessed from any web browser. The broker offers a free VPS to high-volume clients (≥20 lots/month) and an MAM/PAMM set-up for money managers.

MetaTrader 4

MT4 remains the most popular choice for forex scalpers, algo traders and discretionary users who prefer the classic interface. TMGM provides 30 native indicators, nine time-frames, one-click trading and support for .ex4 Expert Advisors. All instruments, including shares and crypto CFDs, are streamed into MT4, although depth of market is limited to Level I. The platform is available on Windows, macOS (via wrapper), Android and iOS.

Edge account holders benefit from raw spreads that TMGM claims start at 0.0 pips, with a fixed commission. Classic users see mark-ups that begin around 1.0 pip on EUR/USD. Both account types permit hedging and scalping, while latency is minimised by TMGM’s Equinix NY4 server.

MetaTrader 5

MT5 adds 21 time-frames, partial order fills, six pending-order types and an embedded economic calendar. Depth-of-market (Level II) helps traders analyse liquidity, and the 64-bit strategy tester allows multi-threaded back-tests on CPUs/GPUs. TMGM routes the full multi-asset catalogue through MT5, meaning share-CFD traders can take advantage of corporate-action handling built into the platform.

The broker supports MT5 signals for copy-trading and claims average execution speeds below 30 ms for New York-centred forex pairs. Automated traders can code with MQL5 or import third-party algorithms.

HubX copy trading

HubX is TMGM’s proprietary web portal that aggregates signal providers. Followers allocate equity to a chosen strategy, set maximum drawdown and equity-protection limits, and pay a performance fee (percentage of profits) or fixed subscription depending on the provider. TMGM displays historical returns, max drawdown and number of copying accounts for transparency, but does not independently verify past performance. HubX connects directly to existing MT4/MT5 accounts, allowing users to detach at any time without closing underlying positions.

Payment methods

TMGM supports a wide mix of global and regional rails. Public pages list Visa, Mastercard, bank/telegraphic transfer, POLi (Australia), Skrill, Neteller, UnionPay, FasaPay, SticPay, and broker-to-broker transfers. Cryptocurrency deposits are promoted via third-party gateways, but wallet addresses and coin types are not disclosed until after login.

The minimum deposit is $100 (or currency equivalent) for all live accounts, except bank wires where the broker ‘recommends’ at least $500 to cover intermediary charges. Card and e-wallet deposits are credited instantly; domestic transfers reach the account on the same business day, while international wires take 2–5 business days.

TMGM charges zero internal fees for funding or withdrawals, yet reminds clients that sending and receiving banks may impose a fee or FX conversion spread. Withdrawal requests lodged before 14:00 AEST are usually processed on the same day; e-wallets arrive within hours, whereas bank wires take 2–5 business days to clear.

Base currencies accepted are AUD, USD, EUR, GBP, NZD and CAD. Using a domestic-currency base avoids double conversions, particularly for EU/UK residents funding in euros or pounds.

Regulation demands KYC – proof of identity and residential address – before any withdrawal is approved. The broker also enforces the industry norm of returning funds to the original source up to the deposited amount before alternative methods can receive profits.

• Deposit
• Withdrawal

Brand	Minimum	Fees	Processing Time
	$100	None	Instant
	$100	None	Instant
	$100	Bank charges apply	1–5 business days
	$100	None	Instant
	$100	None	Instant
	$100	None	Same business day
	$100	None	Same business day
	$100	None	Instant
	Not disclosed	Blockchain/miner fees	1–3 confirmations

Brand	Minimum	Fees	Processing Time
	$100	None	1–3 business days
	$100	None	1–3 business days
	$100	Bank charges apply	2–5 business days
	$100	None	Same business day
	$100	None	Same business day
	$50	None	1–3 business days
	$100	None	Same business day
	Not disclosed	Blockchain/miner fees	1–24 hours

Account types

TMGM publishes two core live accounts, a swap-free option, plus an unlimited demo. Both live accounts accept the full instrument list and all platforms, with leverage depending on client classification and the regulating entity. Commission-free pricing appeals to beginners, while raw-spread + commission suits algorithmic or high-volume traders.

The broker advertises default leverage of 1:30 (ASIC clients) and up to 1:500 (SCB/NZ clients). Clients may request lower caps during onboarding. Negative balance protection is applied by policy under the offshore licence but is not guaranteed under ASIC rules.

Classic account

The Classic account uses a spread-only model. TMGM quotes typical spreads of 1.0–1.4 pips on EUR/USD during London–New York overlap and no added commission. Minimum deposit is $100. The account is available in AUD, USD, EUR, GBP, NZD and CAD, and supports MT4, MT5 and HubX. There are no restrictions on EAs, scalping, or hedging.

Because costs are blended into the spread, the Classic account can be simpler for less active traders who place fewer than 100 lots per month. However, high-frequency traders may find the Edge account cheaper once commissions are factored in.

Edge account

Edge offers institutional-style raw pricing with spreads as low as 0.0 pips on majors during peak liquidity. A commission of $7 per round-turn per standard lot (or currency equivalent) applies to forex and metals. Indices and share CFDs remain spread-only even on Edge. The same $100 minimum deposit applies.

With tighter spreads, Edge is aimed at scalpers, algo traders and large-ticket orders where a 0.3 pip reduction outweighs the fixed commission. Margin, platform availability and product range mirror those of the Classic account.

Swap-free (Islamic) account

Swap-free status can be applied to either Classic or Edge accounts for residents of Sharia-compliant jurisdictions. Instead of overnight financing, TMGM charges a fixed admin fee after an interest-free holding period (usually two nights) on specific instruments. The broker lists the fee schedule in the client portal; crypto and exotic pairs are excluded.

All other trading conditions – spreads, leverage and minimums – remain identical to the underlying live account. Clients must provide proof of faith or country of residence to qualify.

Demo account

Opening a demo requires only name, email and telephone number. Traders choose between MT4 and MT5, a virtual balance (up to $50,000) and leverage up to 1:500. Demo accounts do not expire unless inactive for 90 days, after which they can be reopened. Pricing is streamed from the same liquidity pool as live but may differ slightly in execution latency.
The demo environment supports EAs, copy trading via HubX and multi-device log-ins, making it suitable for strategy development before going live.

Support

TMGM provides 24/5 multilingual support via live chat, email and a Sydney-listed phone number. Live chat opens a bot triage that escalates to a human agent within a minute during market hours (Monday 00:00 – Friday 23:59 AEST). Languages advertised include English, Chinese, Vietnamese, Thai and Spanish; availability varies by shift.

Email queries (support@tmgm.com) receive ticket numbers and are typically answered within 24 hours. Telephone support is staffed 09:00–18:00 local time for each of the broker’s regional offices (Australia, Taiwan, Philippines) and routes to voicemail outside those hours.

A searchable knowledge base covers account opening, funding, platform downloads and corporate actions. While video tutorials exist, they focus on MT4 and MT5 basics rather than advanced trading concepts. No in-house forum is offered, but daily market commentaries are emailed to opted-in users.

Conclusion

TMGM combines solid ASIC oversight for Australian residents with higher-leverage offshore options, giving traders a choice between stronger protections and aggressive margin. Platform coverage is industry-standard MT4/MT5 supplemented by a user-friendly copy-trading portal, and the raw-spread Edge account is competitively priced.

On the downside, there is no statutory investor compensation, and important details such as the full list of crypto deposit coins and country exclusions remain undisclosed. Still, the broker suits cost-conscious scalpers, algo users and copy traders who want tight spreads, broad payment methods and the reassurance of an Australian-regulated option — provided they are comfortable with the limits of CFD risk and the absence of a compensation scheme.