TMGM 2024 Broker Review

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Introduction To TMGM

TMGM, established in 2013 and headquartered in Sydney, Australia, stands out in the forex market for its credibility and extensive brand presence. This multi-regulated broker, authorized by ASIC (Australia), VFSC Vanuatu (Vanuatu), and FMA New Zealand (New Zealand), offers a range of account types suitable for various trading styles. With competitive fees, fast order execution, and a choice between the renowned MetaTrader 4 and the advanced IRESS platform, TMGM caters to both high-frequency and high-volume traders.

However, TMGM does have some limitations, including a high inactivity fee and a lack of ETFs or options trading. While their educational content is somewhat limited, which might be a drawback for beginners, the broker excels in customer support, providing efficient and reliable assistance. Overall, TMGM is a strong option for traders in the Forex market, offering a blend of transparent trading conditions, diverse account types, and robust platform options.


Minimum Deposit


FX Commission
(per lot)


Free Demo Account


Inactivity fee
(see below)


Well regulated

In business since 2013

Different account choices


High inactivity fee

Limited educational & learning content

Review Video:

Coming soon!

TMGM Quick Facts

Country Headquarters


Instruments Offered

Forex, Metal, Stock Indices, Crypto

Base Account Currency


Minimum Deposit


Withdrawal Fee


Account Verification Time

1 Business Day

Deposit Options

Card, bank wire, PayPal, PayID, Revolutwise

Accepts crypto deposit


Trading Platforms

MetaTrader 4 & iRess

Demo Accounts


VPS Offered


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Account Opening 4 / 5

The process will require you to upload your ID and residency documentation as apart of the KYC process. Once your account has been verified you will be ready to trade with TMGM.

Commissions & Fees 4 / 5

TMGM offers competitive fees with its Classic account featuring commission-free trading and floating spreads starting from 1.0 pips.

On the Edge account, TMGM charges a $7 round turn commission per lot, which means traders pay $3.5 for opening a position and $3.5 for closing it. This commission rate is standard in the industry.

Additionally, TMGM does not charge for deposits or withdrawals, but there is a maintenance fee of $30 for dormant accounts with a balance below $500, on which no activity has been registered for a period of 6 months.

Deposit and withdrawal 5 / 5

  • Card
  • Bank wire
  • PayPal
  • PayID
  • RevolutWise

Trading Platforms 4 / 5

  • MetaTrader 4
  • iRess

At this time of writing this review, the broker is in the process of launching MetaTrader 5 – but it is not yet available.

Customer Support 5 / 5

Other 4 / 5

  • Free demo account (live account not required)
  • Educational content and videos
  • Trading ideas and market analysis

About ForexBrokerTalk

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4.3 / 5

ForexBrokerTalk Final Score

TMGM is a highly regulated broker, that’s been in the industry for a while. We have found that they are competitive broker, and bring an attractive offering for traders. We think this broker would make a great choice for most forex and CFD traders.