ASIC — Australia
Trademax Australia Limited
Regulated
TMGM Broker Review — Overview
Regulation
Tier-1 regulated
Licence
ASIC • VFSC
Licence status
Regulated
Platforms
MT4, 5, TMGM App
Min. deposit
$100
Max. leverage
1:1000
Instruments
12, 000, forex, indices
Typical spread
From 1.6 pips
Operating
Est. 2013
Main market
IT
Entity
Trademax Australia Limited
Website
Unknown
TMGM Broker is a forex & CFD broker based in Australia, established in 2013. On Trust Broker Hub it holds a Trust Score of 6.1 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
Crucially, TMGM Broker is regulated by ASIC and VFSC, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
TMGM Broker provides access to 12, 000, forex, indices. Published conditions include a minimum deposit of $100 and leverage up to 1:1000. No complaints are currently on record. Overall, TMGM Broker has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
TMGM Broker currently scores 6.1/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
VFSC — Vanuatu
Trademax Australia Limited
Licence
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | 12, 000, forex, indices, metals, energies, shares, cryptos |
| Minimum deposit | $100 |
| Maximum leverage | 1:1000 |
| Typical spread | From 1.6 pips |
| Platforms | MT4, 5, TMGM App |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on TMGM Broker
Our analysis · editorial
6.1/10
A mixed risk profile
TMGM Broker holds a tier-1 regulatory licence among its 2 registrations (ASIC, VFSC). Based in Australia, it has been operating for about 13 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 6.1/10 — a mixed profile.
Strengths
- Authorised by a tier-1 regulator (ASIC, VFSC)
- Holds 2 regulatory licences across multiple jurisdictions
- Long 13-year operating track record
- No complaints on record with us
- Supports MT4 & 5 trading
- Accessible minimum deposit ($100)
Watch-outs
- Very high leverage available (1:1000) — amplifies risk
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
TMGM Broker — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag TMGM Broker here if that changes.
Full specifications
Regulated region
Australia
Operating period
10-15 years
Main market
IT
License status
Regulated
Instruments
12, 000, forex, indices, metals, energies, shares, cryptos
Year founded
2013
Frequently asked
Is TMGM Broker a safe broker?
TMGM Broker scores 6.1 / 10 on our Trust Score, above the 3.3 industry average. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the TMGM Broker trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from TMGM Broker?
TMGM Broker publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.