TMGM Review
Key Facts
Regulation
ASIC · FMA · VFSC+2 more
Broker Type
STP, ECN, Market Maker
Min. Deposit
$100
Platforms
Mobile App, Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Fees
Low
Max Leverage
1:30 (ASIC), 1:1000 (FSCM), 1:1000 (VFSC), 1:1000 (CMA)
Demo Account
Yes
Inactivity Fee
-
Our Ratings
4.1
out of 5
Safety & Regulation4.5
Fees & Costs4.4
Platforms & Execution4.4
Education3.0
80% of retail FX and CFD accounts lose money.
TMGM - At a Glance
Company & Overview
- Headquarters
- Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW, Australia.
- International Offices
- Australia, New Zealand, Vanuatu, Syechelles, Taiwan
- Broker Type
- STP, ECN, Market Maker
- Regulation
- ASIC (Australia), FMA (New Zealand), VFSC (Vanuatu), FSA (Seychelles), FSC (Mauritius)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- Languages
- English, Arabic, German, Spanish, Russian, Italian, Czech, French, Chinese (Simplified), Chinese (Traditional), Japanese, Korean, Vietnamese, Thai, Polish, Portuguese, Greek, Hindi, Indonesian, Portuguese, Turkish, Ukrainian
- Customer Support
- Live Chat, Email, Telephone
Account Types
- Demo Account
- Yes
- Swap Free Account
- Yes
- Joint Account
- Yes
- Managed Account
- Yes
- PAMM / MAM Trading
- Yes
- Social / Copy Trading
- Yes
Account Conditions
- Minimum Deposit
- $100
- Payment Methods
- Bank Transfer, Debit Cards, Credit Cards, Cryptocurrency, Skrill, Neteller, Revolut, Wise, Google Pay, Apple Pay, RMB Instant Pay, Interac, AsiaPay, UnionPay, FasaPay, AliPay, POLi
- Account Currencies
- USD, EUR, GBP, AUD, NZD, CAD
- Maximum Leverage
- 1:30 (ASIC), 1:1000 (FSCM), 1:1000 (VFSC), 1:1000 (CMA)
- Bonuses
- Yes
- Contests
- Yes
Trading Conditions
- Markets & Products
- Forex, CFDs
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 80
- Decimal Pricing
- 5 decimals
- Hedging
- Yes
- Scalping
- Yes
Fees & Costs
- Spread Type
- Variable
- Spread From
- 1.0 pips (Classic Account), 0.0 pips (Edge Account)
- Commission
- Classic Account: No commission, Edge Account: $3.5 per lot per side
Platforms & Tools
- Trading Platforms
- Mobile App, Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
- API Access
- Yes
- VPS Hosting
- Yes
Pros & Cons
Pros
- Strong regulatory oversight.
- Segregated client funds.
- Negative balance protection.
- Wide range of global market access through CFDs.
- Fast and simple account setup process.
- Free demo account available.
- Multiple account types for different trading styles.
- Cent account available.
- Islamic swap-free accounts available.
- Multiple fast and secure payment methods.
- Multiple account currency options.
- Low forex trading fees.
- Low CFD trading fees.
- Ultra-low spreads from 0.0 pips on the EDGE account.
- No deposit or withdrawal fee.
- High leverage trading capability (up to 1:1000 in some regions).
- User-friendly mobile trading app.
- Supports MetaTrader 4 and 5 integration.
- Adequate support for EAs and algorithmic trading.
- VPS available for automated trading.
- Great educational content for beginners.
- Outstanding research tools & market analysis.
- Integrated social and copy trading features.
- PAMM trading available through HUBx.
- Great customer support service, available 24/7.
Cons
- Product offering is limited to forex and CFDs.
- Educational resources are limited and basic.
- An inactivity fee after a year of account inactivity.
