TM Forex Review 2026
A licensed kitchen with real, checkable paperwork.
TM Forex opened its doors in 2013 and cooks as a regulated CFD broker, carrying FSA licence SD037.
What's on the menu
TM Forex has been serving since 2013, with the kitchen based in Victoria, Seychelles. The firm is privately held. The order book runs deep: 200 CFD instruments spanning forex, indices, commodities and crypto. Everything here is a contract for difference, so you are trading the price move, not owning the underlying dish.
MetaTrader comes plated on every account type. There is no copy-trading option here.
| Founded | 2013 |
| Headquarters | Victoria, Seychelles |
| Instruments | 200+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | No |
| Real stocks | No, CFDs only |
Kitchen inspection: is TM Forex safe?
The Seychelles FSA is an offshore regulator. It requires broker registration and basic conduct rules, but does not offer the same client protections as the FCA, CySEC, or ASIC. There is no compensation scheme and leverage limits are not imposed.
| Regulator | Licence | Entity |
|---|---|---|
| FSA | SD037 ✓ | TM Forex Group Ltd |
Want to inspect the kitchen yourself? Pull up fsaseychelles.sc and look up the FSA licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
TM Forex - FSA regulated, min deposit $50, 200+ instruments.
Ingredient costs: TM Forex spreads
Here is what the raw ingredients cost on a standard TM Forex account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| EUR/USD | 0.8 pips pips |
| GBP/USD | 1.1 pips pips |
| USD/JPY | 0.9 pips pips |
| Gold (XAU/USD) | 23c/oz |
| S&P 500 | 0.5pt |
That EUR/USD figure of 0.8 pips pips is a fair price to pay on a commission-free account.
The bill: TM Forex withdrawal fee and timing
Cost to take money out: None. TM Forex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
How long it takes: Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at TM Forex depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| TM Forex Group Ltd | FSA SD037 | $50 | 1:500 |
TM Forex vs RoboForex
| TM Forex | RoboForex | |
|---|---|---|
| Primary regulator | FSA SD037 | FSC 000138/210 |
| Min deposit | $50 | $10 |
| EUR/USD spread | 0.8 pips pips | From 0.0 |
| MetaTrader | Yes | Yes |
| Instruments | 200+ | 12,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | Varies |
Both kitchens hold real licences, so neither is a bad table. Pull up a chair at TM Forex if you value MetaTrader and running algorithms. RoboForex plates up better for anyone who leans on leaner spreads.
The licences, line by line
| FSA | SD037, TM Forex Group Ltd |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:500 on the major forex pairs. The offshore entity will pour up to 1:500, but that comes with a lighter seal of protection.
What tastes good, what leaves a bad aftertaste
Cooked well
- FSA regulated
- Low minimum deposit ($50)
- MetaTrader 4 and 5 available
- No inactivity fee
Sent back
- No tier-1 regulator (FCA/ASIC/CySEC), offshore entity only
- No copy trading
- No real stock ownership, CFDs only
Compare TM Forex before you commit
4.0/5 rating - FSA regulated - min deposit $50
The verdict
Nothing on the plate here is fake: TM Forex is a genuine, regulated broker, and FSA licence SD037 checks out on the public register. The table is set best for traders who want MetaTrader served on a regulated platform. We rate it 4.0 out of 5.
Other tables worth a look
If TM Forex is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is TM Forex safe?
The Seychelles FSA is an offshore regulator. The kitchen holds FSA licence SD037, and you can confirm it for yourself on the official register.
What is the TM Forex minimum deposit?
The cover charge is $50 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the TM Forex EUR/USD spread?
On a standard TM Forex account the EUR/USD ingredient runs about 0.8 pips pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
How long does TM Forex take to process withdrawals?
Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
Does TM Forex charge withdrawal fees?
None. TM Forex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does TM Forex have MetaTrader?
Yes. Both MT4 and MT5 are on the menu across every account type, so automated strategies, custom indicators and expert advisors are all on the table.