Profile
TradeMax Global Markets, also known as TMGM, is a multi-jurisdictional CFD broker offering institutional-grade liquidity, MetaTrader platforms, and over 15,000 instruments across forex, shares, indices, and commodities. It combines fast execution, deep interbank liquidity, and robust regulatory oversight, making it suitable for both professional and retail traders. This TradeMax Global Markets review explores its regulatory status, execution model, supported platforms, and trading conditions.
Regulation and Security
TMGM is operated by several regulated entities:
- Trademax Australia Limited – Regulated by the Australian Securities and Investments Commission (ASIC), AFSL 436416
- Trademax Global Limited – Authorised by the Vanuatu Financial Services Commission (VFSC), registration 40356
- TMGM (New Zealand) – Registered FSP under FSPR 569807
Clients under ASIC and FMA benefit from stronger protections, including:
- Segregated funds at AA-rated banks
- External dispute resolution schemes
- Compliance with leverage and marketing restrictions
VFSC-regulated clients face looser controls but can access higher leverage and bonus offerings.
Execution Model
TMGM operates a pure ECN/STP model on its EDGE account and a hybrid model on its CLASSIC account:
- EDGE Account: Raw spreads with direct liquidity provider execution and low commissions
- CLASSIC Account: Commission-free trading with wider spreads
Liquidity is sourced from tier-1 banks and non-bank providers, and order flow is routed via Equinix NY4 and TY3 data centres, ensuring low latency execution.
Trading Platforms
TMGM supports two leading platforms for all account types:
- MetaTrader 4 (MT4): Advanced charting, automated trading (EAs), 30+ indicators, and nine timeframes
- MetaTrader 5 (MT5): Multi-asset access, depth of market (DOM), economic calendar, and more order types
Both platforms are available for desktop, browser, and mobile devices. FIX API connectivity is also available for institutional clients upon request.
Supported Markets
TMGM offers 15,000+ tradable instruments, primarily through CFDs:
- Forex: 60+ pairs including majors, minors, and exotics
- Shares: 12,000+ global equities (US, AU, EU, HK)
- Indices: Major global stock indices
- Commodities: Metals, energies, and softs
- Cryptocurrencies: Select crypto pairs via MT5 (not available in all regions)
All instruments are offered with leverage up to 1:500 (VFSC), or 1:30 under ASIC retail limits.
Account Types and Trading Conditions
TMGM provides two main account types tailored to different trading styles:
- EDGE: Raw spreads from 0.0 pips, $7/lot round-turn commission
- CLASSIC: Commission-free, spreads from 1.0 pips
Key conditions:
- Minimum deposit: $100
- Leverage: Up to 1:30 (ASIC), 1:500 (VFSC)
- Base currencies: USD, AUD, EUR, GBP, NZD, CAD
- Minimum trade size: 0.01 lots
Retail and Institutional Features
TMGM serves both individual traders and institutional clients:
- Retail: MT4/MT5, copy trading, education centre, and 24/7 support
- Institutional: FIX API, white label solutions, fund manager accounts (MAM/PAMM)
The broker also offers a proprietary client portal for account management, funding, and reporting.
Client Protection and Transparency
Under ASIC and FMA regulation, clients receive strong safeguards:
- Segregated accounts at National Australia Bank and Westpac
- Membership in AFCA and FDRS (external dispute resolution)
- Negative balance protection for retail clients
Clients under VFSC operate under less stringent standards but may access higher risk-reward configurations.
Base Currencies, Order Types, and API Access
Supported base currencies: USD, AUD, EUR, GBP, NZD, SGD, CAD. Available order types:
- Market, limit, stop, stop-limit, trailing stop
- Pending orders and OCO via MT5
FIX API access is available for high-volume traders, hedge funds, and fintech partners.
Pros and Cons
- Pros:
- Multi-regulated across ASIC, VFSC, and FMA
- Ultra-fast ECN execution with tier-1 liquidity
- 15,000+ tradable instruments across asset classes
- MT4, MT5, and FIX API access
- Low minimum deposit and tight spreads
- Cons:
- Offshore VFSC entity lacks strong legal protections
- No proprietary trading platform
- No cryptocurrency wallet or physical asset ownership
Frequently Asked Questions
Is TradeMax Global Markets (TMGM) regulated?
Yes. TMGM is regulated by ASIC in Australia, VFSC in Vanuatu, and is registered in New Zealand under the FSPR. Regulatory protection varies by entity.
What platforms does TMGM support?
TMGM offers MetaTrader 4 and MetaTrader 5, available on desktop, web, and mobile. Institutional clients can also access FIX API.
What is the minimum deposit at TMGM?
The minimum deposit is $100 for both CLASSIC and EDGE accounts.
Is TMGM suitable for professional or institutional clients?
Yes. TMGM offers MAM accounts, FIX API, and white label solutions for asset managers and institutional clients.
What leverage is available at TMGM?
Leverage is up to 1:30 for ASIC clients and up to 1:500 for those under VFSC regulation.
