Change instrument, lot size, and hold duration. Compare TMGM against all 100 brokers live.
TMGM is a forex and CFD broker founded in 2013, headquartered in Sydney, Australia. It is regulated by ASIC (licence 436416), VFSC (licence 40356). The EUR/USD spread starts from 0 pips on a raw-spread ECN account — the spread is near zero but a commission of approximately $7 per standard lot applies. The minimum deposit is $100. The broker offers 12,000+ tradable instruments. MetaTrader 4 and MetaTrader 5 are available. This page shows verified regulation data, a full trade cost breakdown, and how TMGM compares to 100 other brokers on real trading fees.
| Regulator | Licence number | Legal entity | Max leverage | Countries |
|---|---|---|---|---|
| ASIC Tier 1 — Strict |
436416 |
TradeMax Australia Ltd | 30:1 | AU, NZ |
| VFSC Tier 3 — Offshore |
40356 |
TradeMax International Ltd | 500:1 | IL, ZA, AE, SA, IN, NG, KE, EG, BR, MX +24 more |
| Hold duration | Spread cost | Commission | Swap (est.) | Total |
|---|---|---|---|---|
| Intraday (no overnight) | $0.00 | $7.00 | — | $7.00 |
| 1 night | $0.00 | $7.00 | $6.50 | $13.50 |
| 3 nights | $0.00 | $7.00 | $19.50 | $26.50 |
| 1 week | $0.00 | $7.00 | $45.50 | $52.50 |
| 1 month | $0.00 | $7.00 | $195.00 | $202.00 |
Swap rates are industry-typical estimates. Actual overnight rates vary per broker and change with interest rates. Commission is estimated from spread profile (ECN / Raw Spread).
| Rank | Broker | Spread | Spread $ | Commission | Swap (est.) | Total |
|---|---|---|---|---|---|---|
| 1 | Pepperstone | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 2 | IC Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 3 | FP Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 4 | Exness | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 5 | Tickmill | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 6 | Eightcap | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 7 | RoboForex | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 8 | LiteFinance | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 13 | TMGM | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| MetaTrader | MT4 & MT5 available |
| Copy trading | No |
| Real stock ownership | Yes |
| Retail loss rate | 76% of retail accounts lose money |
| Headquarters | Sydney, Australia |
| Founded | 2013 |
Data sourced from official regulator registers (FCA, ASIC, CySEC, MAS and others), verified 2026-09-15. Spread figures are typical/minimum and may differ on live accounts. Trade cost estimates use standard lot sizes and typical industry swap rates. This page does not constitute financial advice. Read full TMGM review →