TMGM offers MT4 and MT5 trading with EDGE raw pricing from 0.0 pips plus a $7 round-turn commission. Clients on its international site contract with Trademax Global Limited, regulated by the VFSC in Vanuatu.
Spreads from
0 pips
Commission
$7 per lot round-turn
Min deposit
$100
Established
2013
Regulated by
ASIC · VFSC (Vanuatu) · FSA Seychelles · FSC Mauritius
Written byLaverlane Team·Updated12 Oct 2026
Researched with AI assistance and verified by our editors
Regulation
TMGM holds licences in four jurisdictions, but its international site places clients with a Vanuatu entity.
Trademax Australia Limited holds ASIC licence AFSL 436416, while Trademax Global Limited is regulated by the Vanuatu Financial Services Commission under registration number 40356. The group also lists Trademax Global Markets (SE) Limited, licensed by the Financial Services Authority of Seychelles (SD224), and Trademax Global Markets (International) Pty Ltd, licensed by the Financial Services Commission of Mauritius (GB22201012).
The legal documents on TMGM's international website are issued by Trademax Global Limited, so clients there trade under Tier-3 offshore oversight rather than ASIC rules. That means no ASIC leverage caps and no statutory investor compensation scheme.
In 2024, ASIC issued interim stop orders that stopped Trademax Australia Limited from onboarding new retail CFD and margin FX clients over concerns about its onboarding questionnaire, and lifted them on 25 June 2024.
Key facts
TMGM has offered CFD trading since 2013 through a group of regional entities.
Client-facing entity
Trademax Global Limited
Regulators
ASIC, VFSC (Vanuatu), FSA Seychelles, FSC Mauritius
Restricted countries
US, MY, TH
Negative-balance protection
jurisdiction-only
Minimum deposit
$100
Max leverage (forex & gold, offshore entity)
1:1000
Max leverage (indices, offshore entity)
1:500
Typical EUR/USD spread
0.1 pips
Platforms
MT4, MT5, Proprietary, WebTrader
Account currencies
USD, EUR, GBP, AUD, CAD, NZD
As at October 2026, TMGM's website states that it has operated since 2013, is present in more than 150 countries and has handled over $2,045 billion in trading volume. It offers CFDs across six asset classes: forex, indices, commodities, shares, ETFs and cryptocurrencies.
TMGM sources pricing from more than 10 tier-1 liquidity providers through a OneZero pricing engine, with trading servers in the Equinix NY4 data centre.
Best for
Pros & cons
Fund safety
Client funds are segregated, but international clients have no statutory compensation cover.
Trademax Global Limited holds client money in segregated accounts held on trust, although the Client Agreement notes that client funds are pooled together and that TMGM may invest money held in those accounts and keep the interest earned. TMGM states that funds are banked with National Australia Bank and holds professional indemnity insurance with single-claim coverage of up to AUD 10 million, which protects against its own liabilities rather than directly covering client balances.
Trademax Global Limited is a member of the Financial Commission, an independent dispute-resolution body with a compensation fund for its members' clients. TMGM doesn't state the cover amount, and no statutory scheme like the UK FSCS applies.
Account terms
TMGM publishes its Vanuatu client documents, but some fees appear only in independent testing.
TMGM's legal page lists the Client Agreement, Risk Warning Notice, Conflict of Interest Policy, Best Execution Policy, Hedging Counterparty Policy and Swap Free Account terms for Trademax Global Limited. Hedging, scalping and Expert Advisors are allowed on both account types.
The Client Agreement allows a monthly account maintenance fee after 12 months of inactivity but doesn't state the amount, so check the current fee with TMGM before your account goes dormant. The agreement contains no negative balance protection clause, lets TMGM change stop-out levels at its discretion, and allows it to offset negative balances against your other accounts.
Costs
Costs depend on the account: spread-only on CLASSIC, or raw spreads plus commission on EDGE.
The CLASSIC account charges no commission, with spreads from 1.0 pips. The EDGE account offers spreads from 0.0 pips with a $7 round-turn commission on forex and $5 on precious metals, while index, share and ETF CFDs are commission-free. TMGM doesn't publish typical spreads, so test live EDGE and CLASSIC spreads on a demo account before you trade.
TMGM charges no deposit fees, and a swap-free account is available. Overnight swap rates are shown in the trading platform rather than on the website.
| Instrument | Asset class | Typical spread | Unit |
|---|---|---|---|
| EUR/USD | Forex CFD | 0.1 | pips |
| GBP/USD | Forex CFD | 0.1 | pips |
| US 500 (S&P 500) | Index CFD | 0.4 | points |
Spreads shown are typical, not guaranteed, and widen during volatile sessions or outside main market hours. Figures reflect the broker's standard retail account.
Markets
TMGM offers CFDs on forex, indices, commodities, shares, ETFs and crypto.
Forex CFD
60 pairs
Index CFD
15 indices
Commodity CFD
Metals, energies, softs
Single-Stock CFD
Real ownership: Stocks / ETFs
N/A for this broker, CFDs only
Forex covers more than 60 currency pairs, including majors, minors and exotics, and TMGM lists more than 15 index CFDs from the US, Europe, the UK, Australia and Asia. Commodities include gold, silver and platinum, plus Brent and WTI crude oil.
TMGM also offers share CFDs, 15 ETF CFDs and more than 20 cryptocurrency CFDs, which trade 24/7. All products are CFDs, so you don't own the underlying asset.
Platforms
Trading runs on MetaTrader 4, MetaTrader 5 and the TMGM app.
MetaTrader 4 and MetaTrader 5 are available on Windows, Mac, web, iOS and Android, and both support Expert Advisors with no restrictions on scalping or hedging. MT5 adds 80+ indicators, 21 timeframes, market depth and a built-in economic calendar.
The TMGM app uses TradingView-powered charts and lets you trade forex, metals, indices, crypto and shares from one account, with two-factor authentication and price alerts.
Execution
TMGM describes no-dealing-desk processing, but its contract makes it the counterparty to every trade.
TMGM's Best Execution Policy says Trademax Global Limited processes every client trade automatically, with no manual intervention and no requotes. Prices come from several large liquidity providers, combined by OneZero pricing software, and orders run on servers in Equinix's NY4 data centre in New York.
TMGM says it monitors average spreads, execution speed and fill rates daily, but it doesn't publish execution quality statistics, so you can't check fill quality or slippage before trading.
Leverage
Offshore clients can access leverage of up to 1:1000 on forex and gold.
Clients of Trademax Global Limited can use leverage of up to 1:1000 on forex and gold, 1:500 on indices, 1:200 on oil, silver, platinum and most crypto CFDs, and 1:20 on shares and ETFs. This is far above the 1:30 retail cap that applies in Australia, the UK and the EU.
TMGM reduces gold and oil leverage before market closes and around major economic releases. Both EDGE and CLASSIC accounts have a stop-out level of 20%.
Account types
TMGM offers two main accounts: EDGE for raw pricing and CLASSIC for spread-only trading.
| Account | Min deposit | Commission | Swap | Spread | Demo | Islamic |
|---|---|---|---|---|---|---|
| EDGE | $100 | $7 per lot round-turn | Standard swaps apply | From 0 pips · Variable | Yes | Yes |
| CLASSIC | $100 | Spread-only | Standard swaps apply | From 1 pips · Variable | Yes | Yes |
Both EDGE and CLASSIC accounts list a $100 minimum deposit, leverage of up to 1:1000 and access through MT4 or MT5. EDGE offers raw spreads from 0.0 pips with a commission, while CLASSIC builds costs into spreads from 1.0 pips.
Islamic swap-free versions are available, and TMGM also offers a Cent account. Demo accounts on MT5 run for 30 days.
Funding
Deposits are free, with instant options for most methods.
TMGM accepts bank wire, cards, crypto (USDT on TRC20 and ERC20) and local bank transfers in several Asian currencies. Most deposits are instant, bank wires take about 1–4 business days, and TMGM charges no deposit fees, though intermediary banks may deduct charges.
Support
Customer service runs 24/7 by phone and email.
TMGM states that customer service is available 24/7 by phone on +61 2 8036 8388 and by email at support@tmgm.com, with support in more than 10 major languages. Its help centre covers deposits, withdrawals, account security, registration and platform questions.
Research includes market news, market insight, an economic calendar and Trading Central tools, while TMGM Academy offers articles, courses, e-books and webinars.
Availability
TMGM's international site excludes residents of the US, Malaysia and Thailand.
TMGM states that the products and services on its international website are not intended for residents of the United States, Malaysia and Thailand, or anywhere their use would breach local law.
The entity and protections you receive depend on where you live, so check which Trademax entity your account will be opened with during the application.
Verdict
TMGM offers MetaTrader 4 and 5, an EDGE account with raw spreads plus a $7 round-turn commission and a $100 minimum deposit, backed by pricing from more than 10 tier-1 liquidity providers. The trade-off is regulatory: clients on its international site contract with Trademax Global Limited under a VFSC licence, with leverage of up to 1:1000 and no statutory compensation scheme. It suits cost-focused MetaTrader traders who understand the offshore structure.
TMGM may suit you if you trade on MT4 or MT5, run Expert Advisors and want raw spreads with a fixed commission. It is less suitable if you need Tier-1 oversight of the entity holding your account, statutory compensation cover or low leverage limits.
Experienced forex and CFD traders, scalpers and EA users who are comfortable with high leverage and an offshore contracting entity. Newer traders who want strict leverage caps and statutory protection may prefer a Tier-1 regulated broker.
FAQ
TMGM is a regulated broker group whose Australian entity, Trademax Australia Limited, holds ASIC licence AFSL 436416. Clients using its international website contract with Trademax Global Limited, which is regulated by the Vanuatu Financial Services Commission under registration number 40356. Offshore clients do not have access to a statutory investor compensation scheme, although Trademax Global Limited is a member of the Financial Commission.
TMGM is a CFD broker founded in 2013 that offers forex, indices, precious metals, oil, shares, ETFs and cryptocurrency CFDs. Trading runs on MetaTrader 4, MetaTrader 5 and the TMGM app. The group operates through entities in Australia, Vanuatu, Seychelles and Mauritius.
TMGM is the trading name of the Trademax group of companies. Its regulated entities use the Trademax name, including Trademax Global Markets (SE) Limited and Trademax Global Markets (International) Pty Ltd. TMGM doesn't spell out the acronym on its website.
TMGM offers leverage of up to 1:1000 on forex and gold for clients of its VFSC-regulated entity. Index CFDs go up to 1:500, oil and most crypto CFDs up to 1:200, and share and ETF CFDs up to 1:20. TMGM also reduces gold and oil leverage around market closes and major economic releases.
TMGM lists a $100 minimum deposit for both its EDGE and CLASSIC accounts. Most deposit methods also start at $100, although some local and crypto methods start at $50. TMGM charges no deposit fees, but intermediary banks may deduct charges on bank wires.
Alternatives
Eightcap offers CFDs on 850+ markets through TradingView, MetaTrader 4, MetaTrader 5 and TradeLocker, with a Raw account that starts from 0.0 pips. Clients outside the regulated regions contract with Eightcap Global Limited in The Bahamas, which carries no statutory compensation scheme.
Octa offers swap-free forex and CFD trading on OctaTrader, MetaTrader 4 and MetaTrader 5, with no trading commission and a $25 minimum deposit. Accounts on octabroker.com are with Versustrategy Inc, registered in Saint Lucia, and the legal documents page lists no financial regulator.
JustMarkets offers leverage of up to 1:3000, swap-free trading and MT4, MT5 and its own app, but international clients contract with an offshore Seychelles entity without a statutory compensation scheme.
FXCM offers forex and CFD trading on Trading Station, MetaTrader 4 (MT4) and TradingView. Accounts on the international website are with Stratos Global LLC, an offshore entity in St Vincent and the Grenadines that sits outside the group’s regulated companies.
ThinkMarkets offers ThinkTrader, TradingView, MT4 and MT5 with 4,000+ instruments and leverage of up to 1:500 on Standard and ThinkZero accounts. International clients contract with a Seychelles-licensed entity.
IronFX operates as a retail CFD broker providing high leverage up to 1:1000 on MetaTrader 4, but international clients contract through an offshore entity without statutory compensation protection.
CFI Financial offers MT5, TradingView and its own app with no minimum deposit and leverage of up to 1:500. International clients trade with CFI International Ltd, licensed in Mauritius.
EC Markets offers MT4, MT5 and its own app with a $10 minimum deposit on STD and ECN accounts and leverage of up to 1:1000. International clients trade with the Mauritius-licensed entity.
General CFD risk warning
CFDs are complex leveraged products and carry a high risk of rapid losses. They do not give you ownership of the underlying asset. Depending on your jurisdiction, broker entity and client classification, protections such as leverage limits and negative-balance protection may differ or may not apply. Where negative-balance protection is not provided, losses may exceed the funds you deposit. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Disclaimer
This page is provided for general information only. Nothing on this page constitutes investment, tax or trading advice, or a recommendation to open an account or trade with a particular broker. Laverlane does not provide personalised investment advice. We are not a broker or financial institution, we do not arrange or execute trades, and we do not hold client funds.
Broker availability, spreads, fees, leverage, products and legal protections, including compensation schemes and negative-balance protection, vary by the broker’s legal entity, your country of residence and your client classification, and may change over time. Where a broker is required to publish its retail CFD loss rate, that figure is shown on its review page. Spreads shown are typical figures as at our verification date; they are not guaranteed and may widen, particularly during volatile market conditions.
Laverlane Scores reflect the information available at our most recent review. They are editorial assessments, not guarantees of a broker’s financial strength, reliability or future performance. Where we report a regulator warning or enforcement notice, it reflects the official public information available at the time of our review.
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