TMGM Review 2026
The full TMGM write-up for Philippines traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Philippines
| Regulator | VFSC, VFSC |
| Licence Number | 40356 |
| Regulated Entity | TradeMax International Ltd |
| Max Leverage (Forex) | 1:500 |
| 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 |
Verdict
Cooks under VFSC (licence 40356). Cover charge $100. In Philippines, forex leverage is capped at 1:500.
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 International Ltd under VFSC.
In Philippines, TMGM serves as TradeMax International Ltd, cleared by VFSC under licence number 40356. Under VFSC house rules, Philippines traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- VFSC regulated, licence 40356
- 12,000+ instruments to trade
- Negative balance protection in Philippines
- 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 VFSC, issued to the entity TradeMax International Ltd, an authorisation you can look up for yourself on the official VFSC public register.
What is the minimum deposit for TMGM in Philippines?
The cover charge is $100, the smallest amount Philippines traders need to open a live account with TMGM under VFSC rules.
What leverage does TMGM offer in Philippines?
In Philippines, VFSC rules cap TMGM at 1:500 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 VFSC. 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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