TM Forex Review 2026
Full TM Forex review for Ghana traders — regulation, spreads, fees and our honest verdict.
Regulation in Ghana
| Regulator | FSA FSA — Seychelles Financial Services Authority (FSA) |
| Licence Number | SD037 |
| Regulated Entity | TM Forex Group Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $50 |
| EUR/USD Spread | From 0.8 pips |
| Instruments | 200+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by FSA (licence SD037). Minimum deposit $50. In Ghana: maximum forex leverage 1:500.
About TM Forex
TM Forex was founded in 2013 and is headquartered in Victoria, Seychelles. The broker offers 200 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by TM Forex Group Ltd under FSA.
In Ghana, TM Forex operates as TM Forex Group Ltd, authorised by FSA under licence number SD037. Ghana traders are subject to a maximum leverage of 1:500 on forex pairs under FSA rules.
Trading Platforms
Pros
- FSA regulated — licence SD037
- 200+ instruments to trade
- Negative balance protection in Ghana
- Platforms: MT4, MT5
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is TM Forex regulated?
TM Forex holds FSA licence SD037, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSA public register.
What is the minimum deposit for TM Forex in Ghana?
The minimum deposit is $50. This is the amount required to open a live trading account for traders in Ghana under FSA regulation.
What leverage does TM Forex offer in Ghana?
In Ghana, TM Forex offers maximum forex leverage of 1:500 under FSA rules. Higher leverage may be available through offshore-regulated entities.
Is TM Forex safe to trade with?
TM Forex is regulated by FSA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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