TMGM review summary
TMGM (TradeMax Global Markets) is a Sydney-headquartered forex and CFD broker founded in 2013, regulated by ASIC in Australia and the FMA in New Zealand, with an additional offshore entity in Vanuatu. It has carved out a distinct niche among Australian brokers by offering true direct-market-access trading through the IRESS platform alongside the standard MT4 and MT5 stack — a combination that appeals strongly to share-CFD and DMA-oriented traders.
The standout in this TMGM review is breadth and depth together: a catalogue of 12,000+ instruments including extensive share CFDs, paired with a raw “Edge” account offering spreads from 0.0 pips and leverage up to 1:500 on the offshore entity. For active APAC traders who want both tight FX pricing and serious equities access under tier-1 regulation, TMGM is one of the more complete propositions in its class.
TMGM account types
| Account | Min. deposit | Spreads | Commission | Best for |
|---|---|---|---|---|
| Classic | $100 | From 1.0 pip | None (spread-only) | Beginners and discretionary traders |
| Edge (Raw) | $100 | From 0.0 pips | Per-lot commission | Scalpers and active FX traders |
| IRESS | Higher (plan-based) | Market depth pricing | Per-trade + possible data fees | Share-CFD and DMA traders |
IRESS data fees may apply, especially for inactive accounts — confirm the current TMGM plan and fee schedule before funding.
Regulation & safety
TMGM operates a multi-entity structure, and your protections depend on the entity that onboards you:
- ASIC (Australia) — strong conduct standards and segregated client money for the Australian entity.
- FMA (New Zealand) — robust oversight for New Zealand and regional clients.
- VFSC (Vanuatu) — offshore registration enabling higher leverage with weaker recourse.
The ASIC and FMA entities deliver the strongest protections but apply tighter leverage limits, while the Vanuatu entity offers up to 1:500 with limited regulatory safeguards and no meaningful compensation scheme. Client funds should be held in segregated accounts; verify the specific entity, licence number, and protections directly on each regulator’s register before depositing.
Who TMGM is best for
- Share-CFD and DMA traders who want IRESS market-depth access alongside MetaTrader.
- Active APAC traders wanting ASIC and FMA regulation with raw FX spreads.
- Multi-asset traders attracted by a 12,000+ instrument catalogue.
- Higher-leverage FX traders willing to use the offshore entity for up to 1:500.
Who should look elsewhere
- Pure FX scalpers who want the lowest commissions without paying for IRESS should compare IC Markets and Pepperstone.
- Beginners wanting structured education are better served by XM or eToro.
- Serious equities investors wanting global exchange access may prefer Interactive Brokers or Saxo.
Bottom line
TMGM scores 4.3/5 in this review. It is a well-rounded, tier-1-regulated broker that stands out for combining raw FX pricing with IRESS direct-market-access and a deep share-CFD catalogue, best suited to active APAC traders who want both. The IRESS data fees and offshore-only top leverage are the main caveats. To weigh the trade-offs, start with our guide on how to choose a forex broker.