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TMGM in Australia — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%50
- Round-turn cost20%90
- Safety20%100
- Payouts15%80
- Track record10%65
- Platforms10%80
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Trademax Australia Limited
- Founded
- 2013
- Retail leverage
- 30AU
- Round turn
- 7 USDAU
- Currencies
- Not stated
- Swap-free account
- —
Licence check
Open an account with TMGMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Australia residents
- Trademax Australia Limited
- Local standing
- ASIC regulated
- Licence as the register states it
- ASIC AFSL 436416
- Leverage for this entity
- Up to 1:30 retail
- The firm behind it
- Sydney-based broker
- What we hold against it
- Mixed external reviews
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Australian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youASIC regulated
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Australia market median(priced from 73 of 76)
Medians run over the 73 of 76 brokers that publish a price for Australia, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: CFD account, demo. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Cost calculator (median of 73 priced of 76)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a AUD conversion because the exchange rate is not part of our data.
Where TMGM sits in the Australia base(76 brokers)
Round-turn cost, USD (73 of 76 priced)
Median 6 USD · range 1.5-20 · this broker 7 USD · 3 of 76 brokers do not publish it
Minimum deposit, USD (7 of 76 priced)
Median 15 USD · range 0-100 · this broker 15 USD · 69 of 76 brokers do not publish it
Retail leverage (42 of 76 with a Australia figure)
Median 1:115 · range 30-5000 · this broker 1:30 · 34 of 76 brokers do not publish it
Withdrawal time published (76 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
Not stated
- Account currency
- Not stated
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(24 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- TMGM App
Identical for every row: Min spread 1 · Leverage 30 AU.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.0 | 5, 908 |
Share of reviewers in Australia: — The platform does not publish it.
Pros and cons(4 for and 2 against, each tied to a figure on this page)
- Locally authorised, licence 436416, read on 11.10.2026
- Withdrawal in 24 h, one of 74 of 76 brokers here that publish a time
- Safety 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, TMGM App
- Round turn 7 USD on the raw + commission basis, over the Australia median 6
- Reviews 50 of 100, its weakest of 6 scored axes
Alternatives in Australia(5 of 76 scored in Australia)
- Round turn, USD
- 7AU
- Min deposit, USD
- 0AU
- Leverage
- 500AU
- Rank in this country
- #5
- Round turn, USD
- 7AU
- Min deposit, USD
- 0AU
- Leverage
- 30AU
- Rank in this country
- #7
- Round turn, USD
- 7AU
- Min deposit, USD
- 100AU
- Leverage
- 30AU
- Rank in this country
- #11
- Round turn, USD
- 7AU
- Min deposit, USD
- 100 groupAU
- Leverage
- 30AU
- Rank in this country
- #13
- Round turn, USD
- 7AU
- Leverage
- 30AU
- Rank in this country
- #6
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Australia score. Full methodology
| Axis | Weight | What is measured | TMGM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 65 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 80 |
FAQ
- Does TMGM accept residents of Australia?
- Yes. ASIC regulated Onboarding entity: Trademax Australia Limited
- Is TMGM licensed to serve clients in Australia?
- ASIC AFSL 436416 Checked on 11.10.2026.
- How much does one round turn cost at TMGM?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for Australia is 6.0 USD.
- What leverage does TMGM offer to retail clients in Australia?
- Up to 1:30. leverageGeo: Up to 1:30 retail
- Which trading platforms does TMGM support?
- MT4, MT5, TMGM App. Instruments: Forex, CFDs, crypto, indices
- How can I withdraw money from TMGM in Australia?
- Not stated
- What account types does TMGM offer?
- CFD account, demo
Taxes for an Australian resident(1 rule)
- Forex/CFD trading gains are not subject to a special standalone tax regime in the cited sources;https://www.tmgm.com/en
Not tax advice. Check with the ATO.