TMGM Review 2026
Regulated broker with real licence numbers.
TMGM is a regulated CFD broker founded in 2013. It holds a ASIC licence under number 436416.
The basics
TMGM was founded in 2013 and is headquartered in Sydney, Australia. It is privately owned. The broker offers CFDs on 12,000 instruments across forex, indices, commodities, and crypto. Real stock ownership is available in addition to CFDs.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2013 |
| Headquarters | Sydney, Australia |
| Instruments | 12,000+ |
| Platforms | MT4, MT5, IRESS |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | Yes |
Is TMGM safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. Australia does not have a government-backed compensation scheme like the FSCS, but ASIC enforces high conduct standards.
| Regulator | Licence | Entity |
|---|---|---|
| ASIC | 436416 ✓ | TradeMax Australia Ltd |
| VFSC | 40356 ✓ | TradeMax International Ltd |
You can verify the ASIC licence at asic.gov.au. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
TMGM spreads
These are the typical spreads on TMGM's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | From 0.0 (ECN) + commission pips |
| GBP/USD | 0.3 pips pips |
| USD/JPY | 0.1 pips pips |
| Gold (XAU/USD) | 15c/oz |
| S&P 500 | 0.4pt |
TMGM's EUR/USD spread of From 0.0 (ECN) + commission pips is wider than ECN-first brokers but typical for a commission-free account.
TMGM withdrawal fee and processing time
Fee: None. TMGM does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
TMGM minimum deposit by entity
The minimum deposit depends on which TMGM entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| TradeMax Australia Ltd | ASIC 436416 | $100 | 1:30 |
| TradeMax International Ltd | VFSC 40356 | $100 | 1:500 |
TMGM vs eToro
| TMGM | eToro | |
|---|---|---|
| Primary regulator | ASIC 436416 | FCA 583263 |
| Min deposit | $100 | $50 |
| EUR/USD spread | From 0.0 (ECN) + commission pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 12,000+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both brokers are regulated and legitimate. TMGM suits traders who value MetaTrader and algorithmic trading. eToro is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| ASIC | 436416 — TradeMax Australia Ltd |
| VFSC | 40356 — TradeMax International Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules.
Pros and Cons
What works
- ASIC regulated — TradeMax Australia Ltd
- MetaTrader 4 and 5 available
- Real stock ownership available
- No inactivity fee
- Tight EUR/USD spread from 0 pips
- 12,000+ instruments
What does not work
- No copy trading
- High leverage only via offshore entity
The verdict
TMGM is a legitimate, regulated broker. The ASIC licence number 436416 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to TMGM
If TMGM does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is TMGM safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. TMGM holds ASIC licence 436416, which is publicly verifiable on the official register.
What is the TMGM minimum deposit?
The minimum deposit is $100. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the TMGM EUR/USD spread?
The EUR/USD spread on TMGM standard accounts is typically From 0.0 (ECN) + commission pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does TMGM take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does TMGM charge withdrawal fees?
None. TMGM does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does TMGM have MetaTrader?
Yes. TMGM supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.