TMGM Review 2026
A licensed kitchen with real, checkable paperwork.
TMGM opened its doors in 2013 and cooks as a regulated CFD broker, carrying ASIC licence 436416.
What's on the menu
TMGM has been serving since 2013, with the kitchen based in Sydney, Australia. The firm is privately held. The order book runs deep: 12,000 CFD instruments spanning forex, indices, commodities and crypto. Beyond the CFD menu, you can also own real shares outright.
MetaTrader comes plated on every account type. There is no copy-trading option here.
| Founded | 2013 |
| Headquarters | Sydney, Australia |
| Instruments | 12,000+ |
| Platforms | MT4, MT5, IRESS |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | No |
| Real stocks | Yes |
Kitchen inspection: is TMGM safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. Australia does not have a government-backed compensation scheme like the FSCS, but ASIC enforces high conduct standards.
| Regulator | Licence | Entity |
|---|---|---|
| ASIC | 436416 ✓ | TradeMax Australia Ltd |
| VFSC | 40356 ✓ | TradeMax International Ltd |
Want to inspect the kitchen yourself? Pull up asic.gov.au and look up the ASIC 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?
TMGM - ASIC regulated, min deposit $100, 12,000+ instruments.
Ingredient costs: TMGM spreads
Here is what the raw ingredients cost on a standard TMGM 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 | From 0.0 (ECN) + commission pips |
| GBP/USD | 0.3 pips pips |
| USD/JPY | 0.1 pips pips |
| Gold (XAU/USD) | 15c/oz |
| S&P 500 | 0.4pt |
That EUR/USD figure of From 0.0 (ECN) + commission pips carries a bit more markup than the ECN-first kitchens, though it is normal fare for a table with no per-trade commission.
The bill: TMGM withdrawal fee and timing
Cost to take money out: None. TMGM does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
How long it takes: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
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 TMGM 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) |
|---|---|---|---|
| TradeMax Australia Ltd | ASIC 436416 | $100 | 1:30 |
| TradeMax International Ltd | VFSC 40356 | $100 | 1:500 |
TMGM vs eToro
| TMGM | eToro | |
|---|---|---|
| Primary regulator | ASIC 436416 | FCA 583263 |
| Min deposit | $100 | $50 |
| EUR/USD spread | From 0.0 (ECN) + commission pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 12,000+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both kitchens hold real licences, so neither is a bad table. Pull up a chair at TMGM if you value MetaTrader and running algorithms. eToro plates up better for anyone who leans on its particular regulated-entity coverage.
The licences, line by line
| ASIC | 436416, TradeMax Australia Ltd |
| VFSC | 40356, TradeMax International Ltd |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:30 on the major forex pairs.
What tastes good, what leaves a bad aftertaste
Cooked well
- ASIC regulated, TradeMax Australia Ltd
- MetaTrader 4 and 5 available
- Real stock ownership available
- No inactivity fee
- Tight EUR/USD spread from 0 pips
- 12,000+ instruments
Sent back
- No copy trading
- High leverage only via offshore entity
Compare TMGM before you commit
4.0/5 rating - ASIC regulated - min deposit $100
The verdict
Nothing on the plate here is fake: TMGM is a genuine, regulated broker, and ASIC licence 436416 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 TMGM is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is TMGM safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. The kitchen holds ASIC licence 436416, and you can confirm it for yourself on the official register.
What is the TMGM minimum deposit?
The cover charge is $100 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the TMGM EUR/USD spread?
On a standard TMGM account the EUR/USD ingredient runs about From 0.0 (ECN) + commission pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
How long does TMGM take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does TMGM charge withdrawal fees?
None. TMGM does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does TMGM 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.