Desk file · 2026 edition · record confidence: high
TMGM
We opened the file on TMGM the way we open every file: register first, marketing never. Trading since 2013, run out of Sydney, Australia, and carrying 4 licence entries on the public record, 1 of them tier-1. Opened under the ASIC entity.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | 6.4 |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | 6.6 |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $100.00 |
Spread basis. sampled EUR/USD average on the tightest retail account. Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| ASIC | AFSL 436416 | Australia | T1 | Trademax Australia Limited | tmgm.com |
| VFSC | 40356 | Vanuatu | T3 | Trademax Global Limited | tmgm.com |
| FSA Seychelles | SD224 | Seychelles | T3 | Trademax Global Markets (SE) Limited | tmgm.com |
| FSC Mauritius | GB22201012 | Mauritius | T3 | Trademax Global Markets (International) Pty Ltd | tmgm.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- 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.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- negativeBalanceProtection
- publiclyListed
- spreadEurusd (broker-advertised 'from' figure for the Classic account, not an independently measured average)
- Edge account minimum spread
- negative balance protection
| Founded | 2013 |
| Head office | Sydney, Australia |
| Minimum deposit | $100 |
| Leverage cap | 1:30 (ASIC retail) / up to 1:1000 advertised on offshore entities |
| EUR/USD | 1.00 pips |
| Tier-1 entries | 1 |
| Record confidence | high |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.