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Leverage 1:500
Minimum Deposit $100
Regulation ASIC, FMA, VFSC
Year Established 2013
Payment Methods Bank Transfer, Credit/Debit Cards, Skrill, Neteller, UnionPay
Trading Assets Forex, Indices, Shares, Commodities, Cryptocurrencies
Spreads Extremely Low
Average cost: EUR/USD 0.3 pips
Demo Account
Islamic Account
Scalping Yes
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Contact Information Email: [email protected], Phone: +61-2-8036-8388
Address Level 17, 9 Castlereagh St, Sydney NSW 2000, Australia
Rating ★★★★☆ 4.2

Alternative Brokers

Pros and Cons

  • Extremely low spreads
  • Comprehensive asset selection
  • Support for MT4 and MT5
  • Robust customer support
  • Multiple account types
  • Limited third-party integrations
  • No ZuluTrade support
  • Withdrawal fees for certain methods
  • No cryptocurrency deposit support
  • Complex account verification


TMGM (Traders Global Market) is a reputable online forex and CFD broker with a mission to deliver an outstanding trading experience.

Established in 2013, its philosophy revolves around providing cutting-edge trading platforms, a comprehensive range of assets, and competitive pricing.

They aim to build trust and transparency through their regulation by multiple authoritative bodies, stringent data security practices, and comprehensive customer support.

In this detailed review, we will explore TMGM’s features, regulatory compliance, trading platforms, account types, fees, educational resources, customer support, and overall trading experience.

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Regulatory Compliance

TMGM operates under strict regulatory compliance:

  • ASIC (Australian Securities and Investments Commission): Ensures it adheres to Australia’s strict financial guidelines.
  • FMA (Financial Markets Authority of New Zealand): Governs the broker’s operations in New Zealand, providing enhanced protection for local traders.
  • VFSC (Vanuatu Financial Services Commission): Oversees the broker’s international activities.

Key Features Overview

  • Leverage: Up to 1:500, providing traders with flexible risk management.
  • Platforms: Supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS, catering to various trader preferences.
  • Assets: Over 12,000 financial instruments, including forex, shares, indices, commodities, and cryptocurrencies.
  • Account Types: Diverse account types (Edge, Classic, and Islamic).
  • Minimum Deposit: $100, making trading accessible to many.
  • Deposit and Withdrawal Methods: Wide range, including bank transfers, credit/debit cards, e-wallets, and UnionPay.

Trading Platforms

MetaTrader 4 (MT4)

MT4 remains a popular choice due to its simplicity and features:

  • Technical Analysis Tools: Over 30 technical indicators, 24 analytical objects, and flexible chart views.
  • Expert Advisors (EAs): Allows automated trading using algorithms.
  • Ease of Use: Intuitive for beginners and experienced traders alike.
  • Mobile Trading: Available for mobile devices, allowing trading from anywhere.

MetaTrader 5 (MT5)

The more advanced MT5 platform offers additional features:

  • Expanded Asset Range: Access to shares and futures, in addition to forex and indices.
  • Depth of Market (DoM): Detailed market data and analysis.
  • Advanced Order Types: Additional pending orders, including Buy Stop Limit and Sell Stop Limit.
  • Economic Calendar: In-built calendar provides real-time economic data.
  • Mobile Trading: Like MT4, accessible via mobile devices.

IRESS Platform

Designed for professional traders, IRESS is a highly customizable platform:

  • Customizable Interface: Offers a drag-and-drop interface for personalized layouts.
  • Advanced Charting Tools: More than 50 indicators, various chart types, and drawing tools.
  • Execution Speed: Fast order execution suitable for high-frequency traders.
  • News Feeds: Live news updates from global financial markets.

Platform Comparison Table

Algorithmic TradingYesYesYes
Asset CoverageForex, Indices,Forex, Indices, ETFs,Forex, Indices, Shares,
CommoditiesShares, CommoditiesCommodities
Charting Tools30+ indicators40+ indicators50+ indicators, Advanced
Order ExecutionInstant & MarketInstant & MarketMarket Execution
Pending Orders4 types6 types4 types
Economic CalendarNoYesNo

Account Types and Structure

TMGM provides traders with three primary account types:

Edge Account

  • Spreads: Raw spreads from 0.0 pips.
  • Commission: $7 per lot round trip.
  • Leverage: Up to 1:500.
  • Minimum Deposit: $100.

Classic Account

  • Spreads: From 1.0 pips, no commissions.
  • Leverage: Up to 1:500.
  • Minimum Deposit: $100.

Islamic Account

The broker caters to traders who follow Sharia law with swap-free Islamic accounts:

  • Swap-Free: No overnight interest charges.
  • Structure: Available as both Edge and Classic accounts.

Account Features Comparison Table

FeatureEdge AccountClassic AccountIslamic Account
Minimum Deposit$100$100$100
SpreadsFrom 0.0 pipsFrom 1.0 pipsFrom 0.0 or 1.0 pips
Commissions$7 per lot round tripNone$7 per lot round trip (Edge)
LeverageUp to 1:500Up to 1:500Up to 1:500
Trading StylesScalping, Day TradingDay Trading, SwingScalping, Day, Swing Trading

Demo Accounts

All account types are available as demo accounts, providing traders with risk-free opportunities to familiarize themselves with their platforms and test strategies.

Create a Demo Account for Free

Trading Instruments and Spreads


TMGM offers over 50 currency pairs, including:

  • Majors: EUR/USD, GBP/USD, USD/JPY, AUD/USD, etc.
  • Minors: EUR/GBP, EUR/AUD, GBP/JPY, etc.
  • Exotics: USD/ZAR, EUR/TRY, etc.

Spreads: EUR/USD averages 0.3 pips on the Edge account and 1.0 pips on the Classic account.


Major indices include:

  • S&P 500: Spreads from 0.3 points.
  • NASDAQ 100: Spreads from 1.0 points.
  • FTSE 100: Spreads from 1.2 points.


Traders have access to thousands of global shares through IRESS, including:

  • US Markets: Apple, Tesla, Microsoft, and other S&P 500 companies.
  • European Markets: Nestlé, Volkswagen, HSBC, etc.
  • Asian Markets: Alibaba, Samsung Electronics, Toyota, etc.


TMGM provides various commodity instruments:

  • Precious Metals: Gold (XAU/USD), Silver (XAG/USD), and platinum.
  • Energy: Brent and WTI crude oil, natural gas.
  • Agriculture: Wheat, corn, coffee, cocoa, etc.


For digital currency enthusiasts, it also offers CFDs on cryptocurrencies:

  • Major Cryptos: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC).

Spreads: Typically range from 0.2% to 0.5%.

Asset Classes Summary Table

Asset ClassKey ExamplesSpread RangeTrading Hours
ForexEUR/USD, GBP/USD, USD/JPYFrom 0.0 pips24/5
IndicesS&P 500, NASDAQ 100From 0.3 points24/5
SharesApple, Tesla, NestléVariableBased on exchange
CommoditiesGold, Silver, Brent OilFrom 0.1 pips24/5
CryptocurrenciesBitcoin, Ethereum, RippleFrom 0.2%24/7

Fees and Costs

Trading Costs

TMGM provides a competitive fee structure:

  • Spreads: Variable and depend on the account type.
  • Commission: Applies to the Edge account ($7 per lot round trip).
  • Swap Fees: Overnight interest fees charged on non-Islamic accounts.

Non-Trading Fees

  • Deposit Fees: None.
  • Withdrawal Fees: None for bank transfers or e-wallets; minor fees apply for credit card withdrawals.
  • Inactivity Fees: None.

Comparison Table: TMGM vs. Competitors

Fee CategoryTMGM (Edge)TMGM (Classic)Competitor A (Standard)Competitor B (Pro)
Spreads (EUR/USD)From 0.0From 1.0From 0.8From 0.1
Deposit FeesNoneNoneNoneNone
Withdrawal FeesNoneNoneVariableFixed Fee
Swap FeesVariableVariableVariableVariable
Inactivity FeesNoneNone$10/monthNone

Customer Support and Resources

Customer Support

The company provides multilingual, 24/7 customer support via multiple channels:

  • Live Chat: Instant support through the website’s chat feature.
  • Email: Send inquiries to [email protected], with responses within 24 hours.
  • Phone: Direct line available at +61-2-8036-8388.

Educational Resources

  • Webinars: Regular live webinars covering market trends, analysis, and strategies.
  • Trading Academy: Articles, tutorials, and eBooks for all skill levels.
  • Market Analysis: Daily analysis reports and trading insights.

Research Tools

  • Economic Calendar: Real-time updates on global economic events.
  • Market News: Daily market analysis, research reports, and technical insights.

TMGM Academy Course Structure

Its Academy is designed to help traders advance their skills systematically:

  • Beginner Level: Forex basics, platform tutorials, risk management.
  • Intermediate Level: Technical analysis, chart patterns, automated trading.
  • Advanced Level: Advanced strategies, portfolio management, algorithmic trading.

Market Research and Analysis Insights

TMGM provides:

  • Daily Insights: Market overviews, news, and asset-specific analysis.
  • Weekly Reports: More comprehensive analysis of market trends and key economic events.
  • Technical and Fundamental Analysis: Reports combining technical and fundamental approaches.

Security and Protection

Client Funds Security

  • Segregated Accounts: All client funds are held in segregated accounts in top-tier global banks.
  • Negative Balance Protection: Prevents clients from losing more than their account balance.

Data Security

  • SSL Encryption: Ensures all transactions and personal data are encrypted.
  • Two-Factor Authentication (2FA): Adds a security layer.

Internal Audits

TMGM conducts regular internal audits to ensure compliance with regulatory requirements and ethical standards.


TMGM successfully integrates comprehensive regulation, diverse trading platforms, competitive pricing, and robust customer support.

Their wide range of trading instruments, account types, and educational resources make them a versatile choice for traders at all levels.

While some areas like cryptocurrency deposit support can improve, its transparent fee structure, platform reliability, and regulatory adherence position it as a strong contender in the brokerage industry.

Whether you’re a beginner seeking educational support or an advanced trader leveraging MT4, MT5, or IRESS platforms, TMGM provides a trading environment that caters to diverse preferences.

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What types of accounts does it offer?

TMGM provides several account types, including Edge, Classic, and Islamic accounts, to cater to different trading needs and religious beliefs.

How long does it take to withdraw funds?

The withdrawal process typically takes 1-3 business days, depending on the payment method chosen.

Is TMGM regulated?

Yes, the company is regulated by ASIC, FMA, and VFSC, ensuring a high standard of safety and security for clients.

Does the broker offer negative balance protection?

Yes, TMGM provides negative balance protection across all account types.

Can I trade cryptocurrencies?

Yes, TMGM allows trading on popular cryptocurrencies like Bitcoin, Ethereum, and Ripple.

What trading platforms are supported?

TMGM supports MetaTrader 4 and MetaTrader 5 platforms, both on desktop and mobile.

Are there educational resources available for new traders?

TMGM offers educational resources, including webinars, articles, and video tutorials, to help traders improve their skills.


User Reviews

“I’ve been with TMGM for over a year now, and my experience has been excellent. Their trading platform is smooth, reliable, and provides a wealth of tools for analysis. I’ve also had no issues with withdrawals, which are always processed promptly. Customer support is responsive and helped me solve any issues quickly. Highly recommended!”
Michael Smith
“Its tight spreads and high leverage have really boosted my trading results. I love their platform’s execution speed and the educational resources provided. However, their account verification process was a bit cumbersome initially. Overall, I’m pleased with their services and would recommend them to others.”
Emma Johnson
“What impressed me the most about TMGM is their low-cost trading. Spreads are exceptionally tight, and I haven’t experienced any hidden fees. I wish they had more third-party tools, but the platform’s features cover most of my needs. Great broker!”
Liam Davis
“My time with them has been mostly positive. The customer support team helped me with my account verification and guided me through the platform setup. The only downside is that the withdrawal process could be faster.”
Sophia Brown
“I chose TMGM for their variety of trading assets and haven’t been disappointed. Their forex pairs and indices offer a lot of opportunities. They could expand their cryptocurrency trading options, but overall, I have no major complaints. A solid choice for traders at any level.”
James Wilson

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Last updated: May 22, 2024