Is TMGM a Scam? Regulation Check 2026
We checked TMGM's licence in the official VFSC register. Here is what the public records say.
Verdict
TMGM is NOT a scam. It holds VFSC licence 40356, authorising it to offer trading services in Pakistan.
How to verify on the official register
| Regulator | VFSC VFSC |
| Licence Number | 40356 |
| Regulated Entity | TradeMax International Ltd |
| Founded | 2013 |
What VFSC regulation means
VFSC-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with VFSC directly.
What VFSC regulation means for your money
- Client funds held in segregated bank accounts, separate from TMGM's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with VFSC if TMGM fails to resolve your issue
- TMGM submits to regular independent financial audits under VFSC oversight
Frequently Asked Questions
Is TMGM a scam or legitimate?
TMGM is NOT a scam. It holds VFSC licence number 40356. VFSC is one of the world's most respected financial regulators. The licence is publicly verifiable in the VFSC official register.
How do I check TMGM's VFSC licence?
Go to the official VFSC website and use the public register search. Search for licence number 40356 or the entity name. The record will confirm TMGM's authorisation status and the scope of its permissions.
Are my funds safe with TMGM?
As an VFSC-regulated broker, TMGM must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if TMGM encounters financial difficulties.
What protection do I have as a TMGM client in Pakistan?
In Pakistan, TMGM operates under VFSC supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with VFSC.
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