TMGM — where it wins, where it loses
TMGM does not currently take a column outright against this field. It loses on headline spread. Priced across ten round-turn EUR/USD lots it comes 15 of 17 in this field.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where TMGM takes the field outright.
Loses on
- headline spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| ASIC | AFSL 436416 | Australia | Tier 1 | Trademax Australia Limited | tmgm.com |
| VFSC | 40356 | Vanuatu | Tier 3 | Trademax Global Limited | tmgm.com |
| FSA Seychelles | SD224 | Seychelles | Tier 3 | Trademax Global Markets (SE) Limited | tmgm.com |
| FSC Mauritius | GB22201012 | Mauritius | Tier 3 | Trademax Global Markets (International) Pty Ltd | tmgm.com |
Checkable
Facts the comparison runs on
On the record
- A detail the marketing page skips: TMGM states that under its Australian licence obligation client funds are held with an Australian authorised deposit-taking institution, naming National Australia Bank.
- One line that changes the comparison: trademax Global Limited is listed as a member of The Financial Commission, an external dispute-resolution body.
- Worth knowing when you compare: TMGM's account-types page advertises the Classic account from 1.0 pips with no commission and a $100 minimum deposit; the IRESS platform requires a $5,000 deposit.
| Trading since | 2013 |
|---|---|
| Base | Sydney, Australia |
| Minimum to open | $100 |
| Leverage cap | 1:30 (ASIC retail) / up to 1:1000 advertised on offshore entities |
| EUR/USD | 1.00 pips |
| Terminals | MT4, MT5, IRESS |
| Account tiers | Classic, Edge, IRESS |
| Record confidence | high |
| Matchup-ready | yes — enough public cost data to run a head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- whether negative balance protection applies is missing, so it is excluded from every comparison on this page.
- whether the group is publicly listed is missing, so it is excluded from every comparison on this page.
- a typical EUR/USD spread (broker-advertised 'from' figure for the Classic account, not an independently measured average) is missing, so it is excluded from every comparison on this page.
- edge account minimum spread is missing, so it is excluded from every comparison on this page.
Costs less
Who beats TMGM on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
ActivTrades
$50.00 per 10 lots · wins on headline spread, no minimum deposit, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.