TMGM Review 2026
The full TMGM write-up for New Zealand traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in New Zealand
| Regulator | ASIC ASIC, Australian Securities and Investments Commission (ASIC) |
| Licence Number | 436416 |
| Regulated Entity | TradeMax Australia Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 12,000+ |
| Platforms | MT4, MT5, IRESS |
| Copy Trading | ✗ |
| Real Stocks | ✓ |
| Inactivity fee | No inactivity fee |
| Verify on ASIC register → | 436416 |
Verdict
Cooks under ASIC (licence 436416). Cover charge $100. In New Zealand, forex leverage is capped at 1:30.
About TMGM
TMGM opened its doors in 2013 out of a kitchen in Sydney, Australia. Its menu runs to 12,000 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by TradeMax Australia Ltd under ASIC.
In New Zealand, TMGM serves as TradeMax Australia Ltd, cleared by ASIC under licence number 436416. Under ASIC house rules, New Zealand traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- ASIC regulated, licence 436416
- 12,000+ instruments to trade
- Negative balance protection in New Zealand
- Platforms: MT4, MT5, IRESS
- Real stock ownership (not CFD)
- Established in 2013, over a decade in the market
- 12,000+ instruments, one of the widest menus reviewed
Cons
- No inactivity fee
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
Frequently Asked Questions
Is TMGM regulated?
Yes. TMGM is authorised by ASIC, issued to the entity TradeMax Australia Ltd, an authorisation you can look up for yourself on the official ASIC public register.
What is the minimum deposit for TMGM in New Zealand?
The cover charge is $100, the smallest amount New Zealand traders need to open a live account with TMGM under ASIC rules.
What leverage does TMGM offer in New Zealand?
In New Zealand, ASIC rules cap TMGM at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is TMGM safe to trade with?
The kitchen passes inspection: TMGM cooks under ASIC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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