TMGM — where it wins, where it loses
TMGM does not currently take a column outright against this field. No column in our set puts it behind the field. Priced across ten round-turn EUR/USD lots it comes 32 of 39 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
No column in this set puts TMGM behind the field.
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
- TMGM's Australian entity, Trademax Australia Limited, holds ASIC AFSL 436416 and gives its address as Level 28, One International Tower, Barangaroo, Sydney.
- The group also publishes Vanuatu (VFSC 40356), Seychelles (FSA SD224) and Mauritius (FSC GB22201012) entities on its regulatory-supervision page.
- TMGM states that under its Australian licence obligation client funds are held with an Australian authorised deposit-taking institution, naming National Australia Bank.
- TMGM states it holds professional indemnity insurance providing up to AUD 10 million of single-event cover.
- Trademax Global Limited is listed as a member of The Financial Commission, an external dispute-resolution body.
- 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 |
| Markets | Forex, Indices, Commodities, Metals, Shares, Crypto CFDs |
| 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:
- negativeBalanceProtection
- publiclyListed
- spreadEurusd (broker-advertised 'from' figure for the Classic account, not an independently measured average)
- Edge account minimum spread
- negative balance protection
Costs less
Who beats TMGM on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
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
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.