TMGM Review 2024: Is TMGM a Reliable Broker?

(1 customer review)
4.8/10 (Expert Score)
Product is rated as #33
Platforms and Tools
Customer Support
Tradeable Instruments
Account Types and Terms
Deposit and Withdrawals
Research and Education
Expert Score
#33 rated Forex Brokers
Expert Score
#3 rated Forex Brokers

TMGM Overviews

In this review, we will take a closer look at TMGM, a reputable broker in the financial industry. Our analysis will examine the key features and offerings provided by TMGM to help you make an informed decision about their suitability for your trading needs.

TMGM Review 2024: Is TMGM a Reliable Broker?

Trademax Global Markets (TMGM)

Trademarks Global Markets or TMGM, is an online brokerage firm that has gained recognition in the financial industry. With a focus on providing exceptional trading conditions and innovative platforms, TMGM has positioned itself as a reliable choice for traders worldwide especially those in forex trading. The company has a strong commitment to transparency and operates under the regulation of reputable financial authorities such as ASIC and VFSC.

With a wide range of tradable instruments, including forex, commodities, indices, and cryptocurrencies, TMGM caters to the diverse needs of traders. Its dedication to client fund safety is evident through the use of segregated accounts held with trusted institutions. The availability of multiple deposit and withdrawal options, coupled with a multilingual client support team, ensures a seamless trading experience. Now, many might ask: Is TMGM a good choice for you?

Broker Feature Overview
Type of Broker Forex CFD broker
Regulation & Licensing ·         Australian Securities and Investments Commission (ASIC)

·         The Financial Markets Authority (FMA)

·         Vanuatu Financial License is issued by VFSC (Vanuatu Financial Services Commission)

·         The Financial Services Commission, Mauritius (FSC)

Applicable Countries Allowed To Trade See section below
Assets Offered Forex, stocks, indices, precious metals, energies, crypto
Platforms Available MT4, MT5, IRESS
Mobile Compatibility yes
Payment & Withdrawal Options


·         Skrill

·         Debit and credit card

·         Neteller

·         Bank Transfer

·         RMB

·         Revolt

·         UnionPay

Facts About TMGM
  • Available trading instruments: forex, commodities, indices, and cryptocurrencies.
  • TMGM is regulated by reputable financial authorities such as the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
  • Client funds are held in segregated accounts with a trusted Australian ADI (authorized deposit-taking institution) with an AA rating, ensuring the safety and separation of client funds from company funds.
  • TMGM provides negative balance protection to its clients, protecting them from incurring losses beyond their account balance.
  • The broker provides various deposit and withdrawal options, including Visa, Mastercard, bank account transfers, and e-wallets like Neteller and Skrill.
  • Available customer support channels such as email (support@tmgm.com), phone (+61 2 8036 8388), and 24/7 live chat assistance.
  • The broker supports multiple languages, ensuring clients can communicate in their preferred language.
  • TMGM has a partnership program called "Bespoke Partnerships," providing tailored arrangements, dedicated conversion specialists, revenue-sharing plans, and other benefits for partners.
  • Withdrawal processing time with TMGM can vary but is typically completed within 1 working day, ensuring timely access to funds.

Pros and Cons

  • Strong focus on security and adherence to regulatory requirements.
  • 24/7 customer support available in multiple languages.
  • Wide range of deposit and withdrawal options for convenience
  • Support for over 10 main languages, catering to a diverse client base
  • Tailored partnership program with personal account managers and marketing tools
  • Not very well known
  • Low Trustpilot score

Is TMGM Safe? Broker Regulations

TMGM is a leading online trading platform that is regulated, trusted, and committed towards protecting its clients. Among the markets it covers, it is a broker of choice especially for CFD and forex trading. TMGM adheres to regulatory guidelines set forth by esteemed financial regulatory bodies around the world. You can find detailed information about TMGM’s regulations on their official website, specifically in the footer section and the “regulations” section under the “company” menu.

Regulation is a crucial aspect of the brokerage industry. It ensures that brokers operate in a fair, transparent, and ethical manner, providing a secure environment for traders to engage in financial transactions. The regulatory bodies overseeing TMGM’s operations:

  • Australian Securities and Investment Commission (ASIC): TMGM is regulated by ASIC, an independent government body responsible for enforcing and regulating company and financial services laws in Australia. ASIC’s primary focus is to protect Australian consumers, investors, and creditors. As one of the world’s top-level regulators, ASIC is dedicated to maintaining market integrity and safeguarding consumers’ rights and interests. TMGM’s Australian Financial Services License (AFSL) number is 436416.
  • Financial Markets Authority (FMA): TMGM is also regulated by the Financial Markets Authority, a New Zealand government agency responsible for enforcing securities, financial reporting, and company laws as they apply to financial services and securities markets. The FMA oversees various aspects of the financial industry, including securities exchanges, financial advice providers, and client money or property services. TMGM’s subsidiary, Trademax Global Markets (NZ) Limited, holds a Derivatives Issuer License (FSP 569807) issued by the FMA.
  • Vanuatu Financial Services Commission (VFSC): TMGM holds a Vanuatu Financial License issued by the VFSC. The VFSC was established to regulate banking and financial services in Vanuatu, with the support of the Reserve Bank of Vanuatu. The VFSC’s financial license enables TMGM to provide diversified trading services, such as remittance, payment solutions, Forex trading, bulk commodities, securities trading, and financial consultation. The VFSC financial license number is 40356.
  • Financial Services Commission, Mauritius (FSC): TMGM’s international operations are regulated by the Financial Services Commission in Mauritius. The FSC serves as the integrated regulator for Mauritius’s non-bank financial services sector and global business. Its primary objectives include promoting the development, fairness, efficiency, and transparency of Mauritius’s financial institutions and capital markets, suppressing crime and malpractices, and ensuring the financial system’s stability. TMGM’s subsidiary, Trademax Global Markets (International) Pty Ltd, holds an Investment Dealer (Full Service Dealer, excluding Underwriting) License and a Global Business License (License No. GB22201012) issued by the FSC.

In addition to being regulated, TMGM provides the below measures to instill trust and ensure the protection of client funds:

  • Client Fund Security: TMGM holds client funds in an Australian ADI (authorized deposit-taking institution) with an AA rating, the National Australia Bank (NAB). NAB is one of Australia’s largest financial institutions and is highly regarded worldwide. TMGM also offers separate trust accounts for high net worth individuals and organizations, granting them access to dedicated bank accounts with NAB, enabling them to check their account balances at any time.
  • Professional Indemnity Insurance: TMGM upholds a “customer first” service concept and provides customers with professional liability insurance (PI insurance). This insurance safeguards customers’ financial security and meets the common requirements of multiple regulations. TMGM’s partner insurance company offers customers up to AUD 5 million in single insurance coverage.
  • The Financial Commission Membership: TMGM is a proud member of The Financial Commission, an international organization dedicated to resolving disputes within the financial services industry, specifically in the Forex market. As an independent external dispute resolution (EDR) organization, the Financial Commission assists traders who are unable to resolve disputes directly with their financial services providers. The commission also protects traders through its Compensation Fund.

TMGM secures clients’ trading experience by prioritizing regulation, trust, and protection. Through compliance with stringent regulations and the implementation of various protective measures, TMGM strives to uphold the highest standards of professionalism and integrity in the financial industry.

TMGM displays its Trustpilot score in the footer section of its website, allowing everyone to see and evaluate the feedback and experiences shared by its clients. This transparent approach to customer reviews is a positive aspect for several reasons.

The Trustpilot score is a valuable tool for potential clients considering partnering with TMGM. By openly showcasing client feedback, TMGM allows prospective traders to gain insights into the experiences of existing clients. This enables them to make more informed decisions about whether TMGM is the right broker for them.

Secondly, the Trustpilot score reflects TMGM’s commitment to transparency and accountability. By inviting clients to share their opinions and experiences, TMGM demonstrates a willingness to listen to feedback and continuously improve its services. The public display of the Trustpilot score shows that TMGM is confident in its ability to provide high customer satisfaction.

Additionally, the Trustpilot score serves as a measure of TMGM’s reputation and reliability within the industry. Positive reviews and high ratings indicate that TMGM has successfully built trust with its clients, delivering on its promises and meeting their expectations. This can instill confidence in potential clients who are seeking a trustworthy broker.

It’s important to note that while the Trustpilot score provides valuable insights, it should be considered alongside other factors when deciding on choosing a broker. Traders should also take into account factors such as regulatory compliance, security measures, trading conditions, client support, and other relevant aspects.

  • Australian Securities and Investments Commission (ASIC)
  • The Financial Markets Authority (FMA)
  • Vanuatu Financial License is issued by VFSC (Vanuatu Financial Services Commission)
  • The Financial Services Commission, Mauritius (FSC)

What Can I Trade with TMGM?

A wide range of tradable assets are available with TMGM. By accessing the “Markets” menu on TMGM’s website, you can explore a number of instruments, including forex, shares, precious metals, energies, cryptocurrencies, and indices. Let’s delve into the details of these trading assets:

Forex Trading

This broker would appeal to those mainly invested in trading forex. However, this broker also offers CFD and crypto trading services albeit limited. Hence, this broker is most suited for forex and CFD trading.

TMGM provides an extensive selection of over 60+ FX pairs, allowing traders to engage in major, minor, emerging, and exotic currency pairs. With spreads starting from 0.0 pips, TMGM’s proprietary TMGM Aggregation engine ensures competitive pricing and favorable trading conditions. The broker offers up to 1:500 leverage, granting traders the ability to maximize their trading potential. Scalping, news trading, or automated Trading, are permitted, and there are no requotes. Furthermore, TMGM’s regulation by ASIC, FMA, and VFSC provides clients with a sense of security and trust.

Share CFDs

Clients can access an impressive range of over 16,000+ stocks and more than 10,000 stocks for trading forex, CFDs and cryptocurrencies through a combination of MT4 and IRESS accounts. Traders can benefit from direct market access, ensuring transparent pricing and participation in real market liquidity. With instant execution speeds and low commissions on share CFDs, TMGM provides an efficient and cost-effective trading environment. Dividends are passed directly to TMGM clients, and the broker offers leverage of up to 1:20 with MT4 and 1:10 with the IRESS platform. Similar to other asset classes, all trading strategies are allowed, and TMGM ensures a requote-free trading experience.

Precious Metals

TMGM allows traders to trade gold, silver, and platinum through a single TMGM MT4 account. With spreads starting from 0.0 pips and access to more than 10+ tier 1 liquidity providers, traders can take advantage of competitive pricing and deep liquidity. The NY4 servers ensure lightning-speed execution, and leverage of up to 1:400 is available. TMGM welcomes all strategies and guarantees no requotes. As a regulated broker, TMGM offers a trusted trading environment for precious metal enthusiasts.


TMGM provides access to the largest oil and natural gas markets, allowing traders to diversify their portfolios. With spreads starting from 0.2 pips and access to more than 10+ tier 1 liquidity providers, traders can benefit from competitive pricing and liquidity. The strategically located NY4 servers ensure fast execution speeds, while leverage of up to 1:100 is available. All trading strategies are allowed, and TMGM ensures a requote-free trading experience. As a regulated broker, TMGM offers a secure platform for trading energy CFDs.


TMGM offers access to the top 12 most popular and liquid cryptocurrencies. Traders can enjoy 24/7 market availability, allowing them to trade cryptocurrencies anytime. With leverage of up to 1:20, traders can maximize their trading opportunities. The MT4 platform enables convenient Trading, and TMGM provides tight spreads that are comparable to crypto exchanges. Similar to other asset classes, TMGM guarantees no requotes, ensuring a seamless trading experience for cryptocurrency enthusiasts.


TMGM allows traders to access over 15+ indices CFDs, covering markets in the US, EU, UK, AU, and Asia. With leverage of up to 1:100, traders can amplify their trading positions. TMGM offers zero commission on indices CFDs, making it cost-effective for traders. The proprietary TMGM Aggregation engine ensures competitive spreads and access to more than 10+ tier 1 liquidity providers guarantee deep liquidity. NY4 servers facilitate lightning-speed execution, permitting an array of trading approaches. TMGM’s ASIC, FMA, and VFSC regulation ensures a trusted and regulated trading environment.

In summary, TMGM provides a comprehensive range of tradable assets, including forex, shares, precious metals, energies, cryptocurrencies, and indices. With competitive pricing, deep liquidity, favorable trading conditions, and a trusted regulatory framework, TMGM offers a reliable platform for traders to pursue their investment goals.

  • Forex
  • Shares
  • Precious Metals
  • Energies
  • Crypto
  • Indices

How to Trade with TMGM?

When it comes to trading platforms, TMGM offers a range of powerful options to cater to the diverse needs of traders. These platforms, including MetaTrader 4 (MT4), available on all platforms, MetaTrader 5, and IRESS, can be found under the “Trading Platforms” section of TMGM’s website. It is worth noting that while TMGM does not have a dedicated section for MetaTrader 5, they do provide this platform to their clients.

MetaTrader 4 (MT4)

The MetaTrader 4 platform is considered the industry standard and is highly popular among traders. It offers a flexible trading experience and is suitable for both discretionary and algorithmic traders. TMGM provides access to MT4 on various devices, including desktop, Mac, tablet, and mobile. This versatility ensures traders can manage their accounts and execute trades conveniently anywhere.

Professional traders widely prefer the desktop version of MetaTrader 4. It features an intuitive user interface, allowing for easy navigation and customization. With a vast library of custom indicators, traders can personalize their trading strategies and enhance their decision-making process.

Backtesting Capabilities: A notable feature of MetaTrader 4 is its robust backtesting functionality. Traders can analyze and optimize their trading by simulating them using historical data. This enables them to evaluate the performance of their strategies under various market conditions before implementing them in live Trading.

Why TMGM’s MetaTrader 4 Platform?

TMGM’s MT4 platform offers exceptional connectivity, deep liquidity, and competitive spreads. With Equinix data centers strategically located in NY4 and TY3, traders can enjoy reliable trade execution and access to a robust liquidity pool. These factors contribute to optimal trading conditions for TMGM’s clients.

MetaTrader 5 (MT5)

While TMGM does not have a dedicated section for MetaTrader 5 on their website, they do provide this advanced trading platform to its clients. MetaTrader 5 builds upon the success of MT4 and offers enhanced features, including additional order types, improved charting tools, and more advanced analytical capabilities. Traders who prefer MT5 can take advantage of its expanded functionalities and tailor their trading approaches accordingly.


IRESS is a next-generation web-based trading platform offered by TMGM. It provides retail traders with access to institutional-grade analysis tools, empowering them to make informed trading decisions. By visiting the “Trading Platforms” section on TMGM’s website, traders can explore the unique features and benefits of the IRESS platform.

TMGM understands the importance of offering multiple trading platforms to cater to the preferences and requirements of different traders. The availability of MetaTrader 4, MetaTrader 5 (despite the absence of a dedicated section), and IRESS ensures that traders can select the platform that aligns with their trading style and preferences. Furthermore, by providing a diverse range of platforms, TMGM expands the range of tradable assets and features available to its clients, enhancing the overall trading experience.

Features MetaTrader 4 (MT4) MetaTrader 5 (MT5) IRESS
One-Click or One-Tap Trading Yes Yes No
Trade Straight off Charts Yes Yes Yes
Email Alerts or Push Notifications Yes Yes Yes
Mobile Alerts Yes Yes Yes
Stop Order Yes Yes Yes
Market Order Yes Yes Yes
Trailing Stop Order Yes Yes No
OCO Orders (One-Cancels-The-Other) Yes Yes No
Limit Order Yes Yes Yes
24hr Trading Yes Yes Yes
Charting Package Yes Yes Yes
Streaming News Feed Yes Yes Yes

  • MetaTrader 4
  • MetaTrader 5

How Can I Open TMGM Account? A Simple Tutorial

The TMGM account opening process is fairly simple, but for the slight difference in a few steps. The first thing you will need to do is to head to the broker’s official website. However, unlike other brokers offering a “sign up” button, you will need to head to the “portal” button.

Here you will need to select the tab in order to register instead of logging in.

This will then take you to the registration section as seen in the picture below. You will need to fill in some of your personal information, like your first and last name, phone number, and country.

Following that, you will be 20% complete with the registration process, and in this section, you will need to provide more information, like your address.

The final step in the registration process is that you will need to select what account type you wish to open and we suggest browsing through the broker’s website to understand which will best suit your needs. After this step, you will be verified, and your account will be complete.

  • Visit the broker's official website
  • Click on the "Portal" button instead of "Sign up"
  • Select the registration tab
  • Fill in personal information like first name, last name, phone number, and country
  • Provide additional information, such as the address
  • Choose the desired account type
  • Browse through the broker's website to understand the options
  • Complete the verification process
  • Account registration is now finished

TMGM Charts and Analysis

TMGM provides a comprehensive range of trading resources and educational tools to empower their clients with valuable insights and knowledge. Let’s explore these resources in detail:


TMGM partners with HUBx, a bespoke platform designed for fund managers and their clients. HUBx offers advanced portfolio adjustment tools, allowing clients to take control of their investments easily. Fund managers can monitor client accounts with a unified dashboard, including key statistics such as client names, net value, and allocated proportions. The platform’s simple interface and smart logs provide transparency and enable clients to track their trading performance effectively.

This broker lacks anything like a TMGM academy or library but HUBx is a good alternative for growing client funds.

TMGM Trading Calendar

TMGM offers a real-time economic calendar to keep clients informed about important economic and market events. This calendar covers 38 different countries and allows clients to monitor market activities by day, week, month, or a specific time range.

The TMGM Trading Calendar can be accessed through the TMGM Client’s Portal, providing valuable insights for informed trading decisions.

TMGM Market Sentiment Tool

TMGM provides its clients with an exclusive Market Sentiment Tool called Market Buzz. This user-friendly tool offers a concise and accurate view of market sentiment for various instruments. It analyzes daily sentiment through fundamental analysis, as well as, technical from professional news articles, social media, and individual blogs. This tool enhances clients’ understanding of market dynamics and helps them make informed trading choices.

TMGM Sponsored Forex VPS

TMGM collaborates with ForexVPS to offer clients a reliable VPS (Virtual Private Server) solution for running their MT4 EA’s (Expert Advisors) and signals. ForexVPS servers are powerful and ensure a constant connection to the forex markets. TMGM clients enjoy benefits such as the ability to run up to three MT4 platforms simultaneously, low latency to TMGM trade servers (1ms), 100% uptime guarantee during market hours, and efficient customer after sales support.

Trading Central & TMGM

TMGM clients gain access to Trading Central products, which provide valuable insights and fundamental analysis, as much as technical. They receive Trading Central’s newsletter service, featuring daily analysis, emerging opportunities, trading plans, and expert market overviews. The newsletter is available in multiple languages, including English, Spanish, French, Portuguese, Thai, Vietnamese, and Simplified Chinese.

Traders Terminology

Not quite the TMGM academy, there is a comprehensive traders’ terminology section where clients can search for specific keywords or terms related to Trading. This resource helps clients enhance their understanding of trading concepts and terminology, ensuring they stay well-informed.

All of these trading resources and educational tools can be found on TMGM’s website under the “tools” section. TMGM demonstrates its commitment to empowering clients with valuable insights, tools, and knowledge to support their trading journey by providing these resources.

  • HUBx
  • Trading Calendar
  • Market Sentiment Tool
  • ForexVPS
  • Trading Central
  • Trading Terminology

TMGM Account Types

TMGM provides two powerful trading account types: the TMGM Edge Account and the TMGM Classic Account. These accounts are designed to cater to the diverse needs and trading styles of traders at all levels of experience. Let’s explore these account types in detail, which can be found under “trading with us” section on their website.

TMGM Edge Account

  • Trading Platforms Available: MT4, MT5*
  • Spreads From: 0.0 Pips
  • Commissions (per lot): $3.5 ($7.0 round turn)
  • Minimum Deposit: $100
  • Minimum Lot Size: 0.01 Lot
  • Maximum Leverage: 1:500
  • Available Base Currencies: USD, EUR, GBP, AUD, NZD, CAD
  • Funding Fee: Waived
  • Withdrawal Fee: Free
  • Stop Out Level: 40%
  • Server Location: New York NY4, Tokyo TY3
  • Available Markets: 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities
  • EAs Allowed: Yes
  • Scalping Allowed: Yes
  • News Trading Allowed: Yes
  • Swap-Free Islamic Account: Available
  • No Min. Stop Loss Distance: Yes

The Edge Account offers traders raw spreads starting from 0.0 pips, making it suitable for those seeking tight spreads and direct market access. It operates on an ECN (Electronic Communication Network) execution type, ensuring fast and reliable trade execution. Traders can access popular trading platforms such as MT4 and MT5, providing them with a wide range of trading tools and features. The Edge Account also allows hedging, making it flexible for traders to implement different strategies. With a minimum deposit of $100, traders can start trading with the TMGM Edge Account and take advantage of its competitive trading conditions.

Before actually trading with TMGM, clients can always create a demo account for testing their trading ideas. This demo account closely resembles ecn trading with TMGM’s actual Edge account.

TMGM Classic Account

  • Trading Platforms Available: MT4, MT5*
  • Spreads From: 1.0 Pips
  • Commissions (per lot): $0.0
  • Minimum Deposit: $100
  • Minimum Lot Size: 0.01 Lot
  • Maximum Leverage: 1:500
  • Available Base Currencies: USD, EUR, GBP, AUD, NZD, CAD
  • Funding Fee: Waived
  • Withdrawal Fee: Free
  • Stop Out Level: 40%
  • Server Location: New York NY4, Tokyo TY3
  • Available Markets: 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities
  • EAs Allowed: Yes
  • Scalping Allowed: Yes
  • News Trading Allowed: Yes
  • Swap-Free Islamic Account: Available
  • No Min. Stop Loss Distance: Yes

The Classic Account is suitable for traders who prefer variable spreads. With spreads starting from 1.0 pip, traders can benefit from competitive pricing while enjoying commission-free Trading. Like the Edge Account, the Classic Account offers access to popular trading platforms such as MT4 and MT5, allowing traders to utilize a wide range of trading tools and expert advisors (EAs). Traders can trade with a minimum deposit of $100 and have the flexibility to implement various trading strategies, including scalping and news trading.

Like the ECN account, a demo account is also available for the Classic account. Clients can put their trading ideas to use with trading conditions like 1:500 leverage and spreads starting from 0.00 pips among others.

Swap Free Account

TMGM offers a swap free account for forex traders looking to trade interest-free or without having to pay swaps or rollovers. This account type accomodates clients who are bound to Shariah laws that restrict investors from earning or paying interests.

Swap free accounts are available for both abovementioned account types and offered to certain countries.

Am I Allowed Multiple Trading Accounts?

Existing clients are allowed to open multiple trading accounts with this broker. The maximum number of live accounts allowed at a time per client is 5 live trading accounts.

To open an additional account, simply access the Client Portal and click on + Live Account Application. Those interested in opening an additional trading account using a different currency would need to seek independent advice from TMGM’s support team at support@tmgm.com.

Traders can find more information about these trading account types, including the available platforms, account features, and market offerings, on TMGM’s website. The trading platform provides

Features Edge Account Classic Account
Account Currencies USD, EUR, GBP, AUD, NZD, CAD USD, EUR, GBP, AUD, NZD, CAD
Available Leverage Up to 1:500 Up to 1:500
Minimum Deposit $100 $100
Commission Per Trade $3.5 ($7.0 round turn) $0.0
Decimal Pricing 5 decimals 5 decimals
Trading Instruments 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities 55+ FX pairs, 15+ Indices, 50+ Shares, 12 Crypto, 6 Commodities
Min. Lot Size Per Trade 0.01 Lot 0.01 Lot
Max. Lot Size Per Trade Not specified Not specified
Spreads From 0.0 Pips From 1.0 Pips
Demo Account Available Available
Swap/Rollover Free Yes Yes
Hedging Allowed Allowed
Scalping Allowed Allowed
Copy Trading Support Not specified Not specified
Available to U.S. Residents Not specified Not specified

Please note that the information was not specified in the provided data for certain features, such as the maximum lot size per trade and copy trading support. It’s recommended to refer to TMGM’s official website or contact them on detailed and up-to-date information regarding these features.

  • Edge
  • Classic

Do I Have Negative Balance Protection with This Broker?

When choosing a broker, the safety of funds is a critical consideration for traders. TMGM takes several measures to ensure the security and protection of client funds. While TMGM’s website does not explicitly mention a negative balance protection policy, it is important to examine this aspect as it plays a significant role in safeguarding traders’ interests. In this section, we will delve into the concept of negative balance protection, discuss its importance, and shed light on TMGM’s approach to account balances.

Negative Balance Protection: Why is it Important?

Negative balance protection is a risk management measure that shields traders from incurring losses exceeding their account balance. In volatile markets, sudden price movements can lead to substantial losses, potentially causing an account balance to dip below zero. With negative balance protection, brokers absorb these losses and prevent clients from being held liable for a deficit beyond their initial investment. This policy acts as a safety net, protecting traders from excessive financial risks and ensuring peace of mind.

The Role of Brokers in Offering Negative Balance Protection: Responsible brokers understand the significance of negative balance protection in maintaining a fair and transparent trading environment. By providing this feature, brokers demonstrate their commitment to protecting clients from catastrophic losses, thereby fostering trust and long-term relationships. Without negative balance protection, traders may face devastating consequences, including indebtedness, legal disputes, and financial distress.

While TMGM’s website does not explicitly state that they offer negative balance protection, it is important to note that they do not hold clients’ funds directly. Instead, TMGM works with an Australian authorized deposit-taking institution (ADI) with a high credit rating to handle client funds. The client money is kept separate from TMGM’s own funds and held in segregated Client Trust Accounts with National Australia Bank (NAB). This setup ensures compliance with client money laws and provides additional protection for traders.

If an account balance goes into negative territory, TMGM advises clients to contact their support team promptly via live chat or email. This proactive approach indicates that TMGM acknowledges the importance of addressing such situations and demonstrates its commitment to assisting clients who may face negative balances.

For comprehensive information on TMGM’s safety measures and fund protection, interested individuals can refer to the “Safety of Funds” section in TMGM’s FAQ, available on their website.

  • No, they do not

TMGM Deposits and Withdrawals

TMGM offers a comprehensive range of deposit and withdrawal options, ensuring convenience and flexibility for their clients. Here is a detailed discussion of the deposit and withdrawal methods available with TMGM and which you can find under the “deposit and withdrawals” section under the main menu of their website:

Deposit Options

  • Visa: With instant processing, clients can make deposits using Visa cards. The minimum deposit amount is $100, and the supported currencies include USD, EUR, GBP, AUD, NZD, or CAD. TMGM does not charge any fees for Visa deposits.
  • Mastercard: Similar to Visa, Mastercard deposits are processed instantly. Clients can deposit a minimum of $100 in USD, EUR, GBP, AUD, NZD, or CAD without incurring any fees.
  • Revolut: TMGM supports Revolut, a popular digital banking platform for deposits. The processing time for Revolut deposits is typically one working day. The minimum deposit requirement is $100 in USD, EUR, GBP, AUD, NZD, or CAD, and no fees are charged.
  • Wise: Clients can use Wise (formerly TransferWise) for deposits, which takes approximately one working day to process. The minimum deposit amount is $100 in USD, EUR, GBP, AUD, NZD, or CAD, and TMGM does not charge any fees for Wise deposits.
  • Bank Transfer: TMGM accepts bank transfers for deposits, which usually take one to three working days for processing. Clients can deposit a minimum of $100 in USD, EUR, GBP, AUD, NZD, or CAD without any fees.
  • Neteller: This instant deposit method allows clients to deposit a minimum of $100 in USD, EUR, GBP, AUD, or CAD. No fees are associated with Neteller deposits.
  • Skrill: Clients can use Skrill for instant deposits in USD, with a minimum deposit requirement of $100. TMGM does not charge any fees for Skrill deposits.
  • UnionPay: TMGM supports UnionPay for instant deposits in CNY. Clients can deposit a minimum of $100 without incurring any fees.
  • RMB: Similar to UnionPay, RMB deposits are processed instantly with a minimum requirement of $100 in CNY. No fees are charged for RMB deposits.
  • FasaPay: Clients can use FasaPay for instant deposits in USD, with a minimum deposit amount of $100. TMGM does not impose any fees for FasaPay deposits.
  • Broker to Broker: TMGM allows transfers between brokers, which typically take three working days for processing. Clients can transfer a minimum of $100 in USD, EUR, GBP, AUD, NZD, or CAD without any fees.

Withdrawal Options

  • Bank Transfer: TMGM offers one working day processing for withdrawals via bank transfer. The minimum withdrawal amount is $100 in USD, EUR, GBP, AUD, NZD, or CAD. While TMGM does not charge any withdrawal fees, clients may incur intermediary bank charges.
  • Neteller: Withdrawals through Neteller are processed within one working day. Clients can withdraw a minimum of $100 in USD, EUR, GBP, AUD, or CAD without any fees.
  • Revolut: Similar to Neteller, Revolut withdrawals are processed within one working day. Clients can withdraw a minimum of $100 in USD, EUR, GBP, AUD, or CAD without any fees.
  • Wise: TMGM ensures one working day processing for withdrawals via Wise. Clients can withdraw a minimum of $100 in USD, EUR, GBP, AUD, or CAD without incurring any fees.
  • Skrill: Skrill withdrawals are processed within one working day. Clients can withdraw a minimum of $100 in USD without any withdrawal fees.
  • RMB Instant: TMGM provides one working day processing for RMB withdrawals. Clients can withdraw a minimum of $100 in CNY without any fees.
  • TMGM aims to provide efficient and cost-effective deposit and withdrawal options, enabling clients to deposit and withdraw money seamlessly. The availability of multiple currencies and the absence of fees for most transactions enhance the overall convenience and satisfaction of TMGM’s clients.

  • Skrill
  • Debit and credit card
  • Neteller
  • Bank Transfer
  • RMB
  • Revolt
  • UnionPay

Support Service for Customer

Having reliable and efficient customer and client support is crucial for a broker considering the varied trading hours, and TMGM understands the significance of providing exceptional customer service round the clock. With a variety of communication channels available, TMGM ensures that clients have convenient and accessible options to reach out for assistance and support.

TMGM customer support is offered via email, phone, and messaging platforms such as WhatsApp, Telegram, and Messenger. These channels allow clients to choose the method that suits them best, ensuring prompt and effective communication with the support team. Clients can reach out to TMGM’s client support team any time as they operate 24/7.

TMGM takes pride in bringing a personal touch to its customer service providing it in over ten languages. They are expanding their local offices to over ten countries, demonstrating their dedication to providing localized and personalized support to clients around the world.

Additionally, TMGM offers VIP client support for clients with high trading volume. VIP clients gain access to exclusive events, workshops, and a dedicated member of TMGM’s sales and research team. This personalized approach to VIP client support recognizes unique trader needs and preferences with high trading volume and provides them with tailored assistance and insights.

The availability of various customer or client support channels and TMGM’s commitment to exceptional service reflect their dedication to ensuring client satisfaction and success. Efficient client support enables clients to resolve queries, address concerns, and receive timely assistance, enhancing their overall trading experience.

TMGM recognizes the importance of providing reliable and accessible customer support. With a range of communication channels, support in multiple languages, personalized service, and VIP client support, TMGM aims to deliver top-notch customer service and build strong relationships with their clients.

TMGM Customer Support Overview
Supported Languages English, Spanish, French, German, Italian, Arabic, Russian, Chinese, Japanese, and Korean
Customer Service By TMGM
Customer Service Hours 24/7
Email Response Time Within 1 day
Telephonic Support Yes
Personal Account Manager No

  • Supported Languages: English, Spanish, French, German, Italian, Arabic, Russian, Chinese, Japanese, and Korean
  • Customer Service Channels: Forums, Manuals, Live Chat, Email, Phone, Social Apps,
  • Customer Service Hours: 24/7

Prohibited Countries: Where Can I Not Trade with this Broker?

TMGM operates as a regulated brokerage firm and adheres to strict compliance standards in the jurisdictions where it is authorized. However, in certain countries and regions, TMGM is not permitted to provide its services due to various regulatory, legal, and sanction-related reasons. These restrictions are in place to ensure compliance with local laws and safeguard the interests of TMGM and potential clients.

It is important to note that the specific list of restricted countries may vary over time as regulations and sanctions evolve. Therefore, it is advisable for individuals to refer to the latest information provided by TMGM or consult with the broker directly to obtain the most up-to-date and accurate details regarding their operational restrictions.

The restrictions on TMGM’s operations may stem from several factors, including but not limited to:

  • Regulatory Frameworks: TMGM must operate within the legal frameworks established by regulatory authorities. Each jurisdiction has its own set of rules and requirements for financial services providers, and TMGM must comply with these regulations to maintain its licenses and authorizations.
  • Licensing and Authorization: TMGM’s ability to operate in a particular country or region may depend on holding the necessary licenses and authorizations issued by the relevant regulatory bodies. If TMGM does not possess the required licenses in a specific jurisdiction, it is not permitted to offer its services to residents of that area.
  • Sanctions and Embargoes: TMGM, like any other financial institution, must comply with international sanctions and embargoes imposed by governments and supranational organizations. These sanctions prohibit or restrict financial transactions and business activities with certain countries, entities, or individuals for political, economic, or security reasons.
  • Local Laws and Restrictions: TMGM must also adhere to the local laws and regulations of the countries where it operates. If the legal framework in a particular jurisdiction does not permit online trading services or imposes significant restrictions on financial activities, TMGM may be unable to operate in that area.

It is crucial for individuals interested in utilizing TMGM’s services to review the broker’s website, contact their client support, or consult with legal professionals to determine whether their country of residence is eligible for trading with TMGM. Engaging in trading activities with an authorized and compliant broker is essential to ensure the trader’s and the broker’s legality, safety, and regulatory protection.

  • North Korea
  • Iran
  • Belarus

Special Offers for Customers

TMGM offers a special partnership program designed to create bespoke partnerships and provide tailored benefits to their partners. While they may not offer extensive competition and special promotions like some other brokers, TMGM focuses on providing their partners a range of advantages and support in the following ways.

  • Dedicated Conversion Specialist: TMGM understands the importance of conversion rates in attracting and retaining clients. They provide partners with a dedicated conversion specialist who assists in maximizing conversion rates, regardless of the chosen partnership program. This personalized support helps partners optimize their client acquisition strategies.
  • Revenue Sharing Plans: TMGM offers revenue-sharing plans as part of their partnership program. Partners can earn competitive commissions based on the trading activity of the clients they refer. This incentivizes partners to actively promote TMGM’s services and create a mutually beneficial relationship.
  • Flexible Partnership Arrangements: TMGM recognizes that each partner has unique business needs and objectives. Therefore, they offer flexible partnership arrangements to accommodate diverse requirements. Whether it’s an introducing broker program or another type of partnership, TMGM provides options catering to their partners’ specific preferences.
  • 24/7 Support: TMGM values the success of its partners and ensures that support is readily available. Partners have access to a personal account manager who assists in growing their business with TMGM. Additionally, a multilingual client support team is available around the clock, providing exceptional assistance in over ten languages.
  • Free Marketing Tools: TMGM equips partners with high-converting promotional materials their marketing and design specialists crafted. These materials can effectively be utilized on partners’ websites to attract potential clients and enhance conversion rates.
  • Full Access to Statistics: TMGM’s comprehensive IB portal grants partners full access to essential statistics for tracking, optimizing, and growing their businesses. Partners can monitor their performance, analyze client activity, and make informed decisions based on real-time data.
  • Reliable Daily Payment Schedule: TMGM understands the importance of cash flow to partners. They prioritize timely daily payments, ensuring that partners receive their commissions promptly, which contributes to their financial stability and growth.

While TMGM may not heavily emphasize competitions and special promotions, its partnership program offers a range of valuable benefits to facilitate long-term success for its partners. With a personal account manager, free marketing tools, access to comprehensive statistics, reliable payment schedules, exceptional client support, and the assistance of a conversion specialist, partners can maximize their earning potential and effectively promote TMGM’s services.

  • Partnership Program

TMGM Review Conclusion: Reputable Broker with Easy-to-use Platform

Furthermore, TMGM's transparency in providing information about their supported languages, where they are allowed to operate, and their partnership program showcases their commitment to openness and building strong relationships with clients and partners.


TMGM stands out as a safe and trusted broker based on the information discussed. With their commitment to security, regulation, and the safety of funds, TMGM demonstrates their dedication to protecting their client’s assets. By holding clients’ funds in an Australian ADI with an AA rating and managing them in accordance with client money laws, TMGM ensures that client funds are kept separate from company funds. This segregation of funds adds an extra layer of protection and instills confidence in clients.

In terms of customer or client support, TMGM goes above and beyond to provide exceptional service. Their 24/7 customer support, available through various channels like email, phone, and live chat, ensures that clients can receive assistance whenever they need it. The availability of support in multiple languages further enhances the customer experience and demonstrates TMGM’s commitment to serving a diverse clientele.

When it comes to deposit and withdrawal options, TMGM offers a range of convenient and secure methods. Clients can choose from various payment options like Visa, Mastercard, bank transfers, and e-wallets, providing flexibility and ease of use. With their prompt processing times and minimal fees, TMGM facilitates efficient transactions for their clients.

Furthermore, TMGM’s transparency in providing information about their supported languages, where they are allowed to operate, and their partnership program showcases their commitment to openness and building strong relationships with clients and partners.

In conclusion, TMGM proves to be a safe and trustworthy broker. Their adherence to security measures, dedication to client support, and provision of convenient deposit and withdrawal options demonstrate their commitment to creating a trustworthy trading environment. With TMGM, clients can have peace of mind knowing that their funds are secure and they have access to a responsive support team.

Summary and Key Takeaways

TMGM is a reputable brokerage firm that prioritizes the safety and reliability of its services. Here are the key takeaways from our discussion:

  • Security: TMGM takes security seriously by holding client funds in an Australian ADI with an AA rating, following client money laws, and keeping funds separate from company funds.
  • Regulation: TMGM operates within the framework of regulatory requirements, providing an added layer of trust and accountability.
  • Safety of Funds: By managing client funds in segregated accounts, TMGM ensures the protection of client assets.
  • Customer Support: TMGM offers 24/7 customer support through various channels, providing assistance in multiple languages and ensuring clients receive prompt and reliable service.
  • Deposit and Withdrawal Options: TMGM provides a range of secure and convenient payment methods, facilitating efficient transactions for clients.
  • Supported Languages: TMGM supports over 10 main languages, ensuring effective communication and support for clients from diverse backgrounds.
  • Partnership Program: TMGM offers a partnership program that provides tailored benefits, including a personal account manager, free marketing tools, and access to comprehensive statistics.

TMGM’s commitment to safety, reliability, and client satisfaction makes them a trusted choice for traders seeking a secure and supportive trading experience.

  • TMGM is a safe and reliable broker that prioritizes the security and protection of client funds.
  • They operate within regulatory frameworks, providing an additional layer of trust and accountability.
  • TMGM offers 24/7 client support in multiple languages, ensuring prompt and reliable assistance.
  • Clients have access to a variety of secure and convenient deposit and withdrawal options.
  • The broker supports over 10 main languages, facilitating effective communication with clients worldwide.
  • TMGM's partnership program provides tailored benefits and support for partners.


What does TMGM mean?

TMGM stands for TradeMax Global Markets. It is the name of a brokerage firm that offers online trading services.

Is TMGM legit?

Yes, TMGM is a legitimate brokerage firm. It is regulated by reputable financial authorities and operates in compliance with industry standards and regulations.

Who owns TMGM?

TMGM is owned by TMGM Group, a company that specializes in providing online trading services. The specific ownership structure and details of TMGM Group may vary, and it’s recommended to refer to official sources or company disclosures for the most up-to-date information.

How long does TMGM withdrawal take?

The withdrawal processing time at TMGM may vary depending on several factors, including the chosen withdrawal method and any additional verification requirements. Generally, TMGM aims to process withdrawals promptly, typically within one working day. However, it’s important to note that the actual time it takes for the funds to reach your account may also depend on external factors, such as the intermediary banks or payment processors involved. It’s always recommended to check with TMGM directly or refer to their official documentation for the most accurate and up-to-date information regarding withdrawal times.

1 review for TMGM Review 2024: Is TMGM a Reliable Broker?

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  1. Neha Kamble

    Had a bad experience regarding investing my funds, it wasn’t easy for me as I was scammed several times. I lost 120,000 $ all of my money until I came across a recovery expert named Olivia. She helped and assisted me in terms of recovery of my funds . I got my funds recovered in just 5 days with just little effort. I will highly recommend Olivia. She is sincere and honest all the time. She helped me get everything I lost.

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    + PROS: bad experience
    - CONS: non
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    TMGM Review 2024: Is TMGM a Reliable Broker?
    TMGM Review 2024: Is TMGM a Reliable Broker?
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