TMGM Review 2025

Pros

• The loyalty system offers a variety of bonuses and rewards through points-based trading.
• A well-managed, respected brand with a strong customer base.
• Enjoy low trading fees. Classic account holders have spreads starting from 1 pip. For raw spread accounts, you'll have zero spreads with a $7 round-trip commission.
• HUBx provides copy trading support for new traders and those with limited time.
• The platform has top-tier support for MetaTrader 4, MetaTrader 5, and IRESS trading systems.

Cons

• Shares can only be traded on the IRESS account and are not tradeable through MT4 and MT5.
• A $30 monthly fee applies to trading accounts that are either inactive for over 6 months or contain less than $500.

Discover if a TMGM trading account suits your needs. TMGM, an Australian broker, is regulated by top-tier financial authorities. It mainly focuses on forex but also provides equity, commodity, and crypto CFDs. Let’s explore its strengths and weaknesses. TMGM offers competitive fees, various platforms, and different account types with flexible leverage.

TMGM Overview

TMGM, based in Australia, is a global forex and CFD broker. Established in 2013 as TradeMax, it has operated as TMGM since 2020. Headquartered in Sydney, it also has offices in Melbourne, Adelaide, Brisbane, Limassol, and Canberra, plus regional offices in New Zealand and Taiwan. Led by CEO Lee Yu, TMGM operates in over 150 countries. Its platform trading volume has reached $220 billion, making it a top forex broker worldwide. It is also partnered with the Australian Open and renowned goalkeeper Gianluigi Buffon.

Trading Platforms

TMGM provides three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS.

MetaTrader 4

MT4 is popular for its essential trading features, suitable for beginners and experts. It offers both instant and pending orders. Traders have access to nine timeframes, over 2,000 technical indicators, and 1,700 trading robots. MT4’s automation and expert advisors are key attractions. However, it doesn’t give full access to TMGM’s CFD assets, like shares.

MetaTrader 5

MT5 is a more advanced iteration with better tools than MT4. It includes extra timeframes, varied orders, different accounting modes, and Depth of Market pricing. Automated trading remains available on this platform.

IRESS

IRESS is an advanced platform for professional traders, requiring a $5,000 minimum deposit and extra fees. It offers TMGM’s full CFD shares range, direct market access, and real-time US price streaming. The interface is modular and customizable, with over 50 indicators and TradingView charting.

IRESS Platform

Assets & Markets

TMGM shines as a forex broker but also excels with a wide range of CFDs in crypto, shares, indices, energies, and metals. Supported by 10+ tier-1 liquidity providers and NY4 and TY3 Equinix Servers, TMGM ensures fast execution and liquidity.

• Stocks: Access over 10,000 stocks from NYSE, Nasdaq, ASX, and HKEX
• Energies: Expand your portfolio with crude oil or natural gas CFDs
• Forex: Choose from 50+ pairs, including USD/EUR, USD/JPY, and AUD/USD
• Indexes: Trade in over 15 global markets, like S&P 500, DAX 30, and FTSE 100
• Cryptos: Trade 12 major crypto tokens, including Bitcoin, Ethereum, and Litecoin
• Precious Metals: Enjoy access to popular metals like gold, silver, and platinum

With over 12,000 trading products across 7 asset classes, TMGM caters well to traders.

Spreads & Commissions

TMGM offers attractive spreads and commissions, starting at 0 pips and $0, based on your account type. For EUR/USD, spreads can be as low as 0.3 pips, while GBP/USD spreads are 1.4 pips. Energies enjoy zero-pip spreads. Variable spreads apply to other instruments, with details available on TMGM’s website. CFD share and index dividends go directly to investors.

Leverage

TMGM offers different leverage options based on location.

In Australia, the ASIC regulates leverage: 1:30 for major forex pairs and 1:20 for minors. Professional traders can access 1:400 leverage across all pairs.

For New Zealand traders, the FMA regulates leverage: 1:200 for forex and metals, and 1:100 for indices and energies.

Traders outside Australia and New Zealand enjoy up to 1:500 leverage.

Remember, leverage boosts your gains but also increases potential losses, as it involves borrowing from your broker.

Mobile App

TMGM offers mobile apps for MT4 and MT5 on Android and iOS. These apps are reliable, easy to use, and include most desktop features. However, some charting tools and automation through APIs are missing, which need desktop setup. Traders can conveniently fund accounts and withdraw profits using the mobile app.

TMGM Deposits & Withdrawals

TMGM’s MT4 accounts start with a $100 minimum deposit, while IRESS accounts need at least $5,000. You can deposit via bank wire, Visa, MasterCard, UnionPay, and e-wallets like Skrill, Neteller, FasaPay, RMB Direct Pay, and Revolut. Withdrawals start at $100 with no fee.

Demo Account

TMGM offers free demo accounts on the MT4 platform with funding options of $5,000, $10,000, or $50,000. These accounts are accessible for 365 days, but inactivity for six months will revoke access. However, there’s no demo version for the IRESS platform, so you can’t try it before buying.

Bonuses & Promotions

When you open an account, you automatically join TMGM Rewards, a loyalty system. It gives 10 points for each lot traded. You can redeem rewards starting at 300 points, including Apple devices and up to $2,500 cashback. This program is available in selected Asian, African, and Eastern European countries.

TMGM often offers a $50 no-deposit bonus to new traders. These promotions are time-limited. Check their website for the latest terms and conditions.

Regulation & Licensing

TMGM, regulated by ASIC in Australia, offers a good platform for traders. In New Zealand, it holds a derivatives license with the FMA. Additionally, TMGM TradeMax Global Limited is authorized by the VFSC in Vanuatu. However, be aware that ASIC, FMA, and VFSC do not provide investor protection. So, if the firm fails, compensation isn’t guaranteed. Also, US clients cannot trade with TMGM.

Additional Features

TMGM shines with a wealth of resources and activities for traders. Their presence on social media, like YouTube, Facebook, Twitter, Instagram, and LinkedIn, helps keep clients updated with news, tutorials, and career opportunities, including internships. Famous ambassador, Gianluigi Buffon, enhances this by offering engaging, free webinars.

TMGM Academy is invaluable for novice traders. It offers a three-stage course that progresses from basic concepts to advanced strategies like moving averages and Fibonacci extensions.

For those running EAs and signals on MT4, TMGM provides a full VPS service through ForexVPS. The basic VPS is free with a $3,000 deposit, supporting three MT4 platforms with 1ms latency and 100% uptime. For high-frequency trading, a $20,000 deposit activates a premium service.

Trading competitions hosted by TMGM add an exciting edge, typically running for three months. With daily updates, the top-ranked trader at the end wins from a $176,500 pool. Check the website for detailed rules and terms.

Additional tools include HUBx for copy trading, an economic calendar, a market sentiment tool, and Trading Central with a newsletter offered in seven languages.

Account Types

TMGM offers several account types catering to different trading styles and experience levels. Let’s break them down:

Classic

Available on MT4 and MT5, the Classic account requires a $100 deposit. It has no commission fees, with spreads starting at 1.0 pips. Traders can access forex, commodities, cryptos, shares, and indices.

Edge

Swap-free for Muslim traders on Edge and Classic accounts, it doesn’t charge overnight interest but requires a small financing fee for some instruments. Spreads start at 0 pips with a $3.50 commission per trade ($7 round turn). Available in several countries, including Azerbaijan, Bangladesh, and Egypt.

IRESS Accounts

Offering a full range of CFD shares, IRESS accounts come in three types:
– Standard: $5,000 deposit, with a platform fee of USD 35 / AUD 45, waived if 10+ trades monthly. Commission is 2.25 (cps), minimum $10.
– Premium: $10,000 deposit, no platform fee if trades occur monthly. Commission is 2 (cps), no minimum.
– Gold: $50,000 deposit, no platform fee. Commission is 1.8 (cps), fees if no trades monthly.

All TMGM accounts incur a $30 inactivity fee if below $500 or inactive for six months.

Opening An Account

Signing up with TMGM is simple and digital:

1. Provide contact info and create a password.
2. Select your account type and currency: USD, EUR, GBP, AUD, NZD, or CAD.
3. Verify identity with passport/ID and address with a bank statement/bill.

The application takes about 15 minutes, usually approved within one business day.

Trading Hours

TMGM is a flexible trading platform available 24/7. However, shares and forex are tradeable only 24/5 during market hours. Cryptocurrency trading is available anytime. Check the official site for holiday hours and closures.

Customer Support

TMGM provides excellent 24/7 customer support via live chat, email, and phone. Their live chat is prompt, offering quick responses. Knowledgeable representatives assist in over 10 languages, including English, Chinese, and Spanish. Email replies arrive within 24 hours, while phone support is speedy and dependable.

• Email: support@tmgm.com
• Live chat: icon on the website
• Phone: +61 2 8036 8388

Security

TMGM is under ASIC, a top-tier regulator. This ensures consumer and trader protection through segregated client funds. TMGM undergoes regular independent audits to verify compliance with regulations. It also offers professional indemnity insurance up to 5 million AUD per client.

TMGM Verdict

TMGM excels in trade execution, low fees, and a wide range of CFDs including forex, stocks, cryptos, indices, and commodities. The competitive platforms, featuring MT4, MT5, and a proprietary solution, enhance the trading experience. Rewards, bonus programs, and a free VPS further add to its appeal. Interested? Try TMGM’s services, assets, and features with their free demo account.

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