TMGM Review
Trademax Global Markets, or TMGM, is an international forex and CFD broker. TMGM recently acquired a Derivatives Issuer license from the Financial Market Authority in New Zealand; our review outlines everything you need to know about the company and what it offers
Updated 20 November 2025
Trademax Global Markets, or TMGM, is an international forex and CFD broker that operates in New Zealand. Considering so few brokers are active in the country, this article explores the company’s regulations, platforms, and products.
Summary:
Our guide covers:
CFD Trading Risk Warning
By writing this review, we do not recommend or even suggest that you should trade forex or CFD instruments. FX and CFD trading are highly leveraged, which can result in rapid losses. For example, Plus500’s European branch warns clients that 76.4% of retail investor accounts incurred losses when trading CFDs.
There are always risks involved in trading financial markets. However, when trading leveraged derivatives like contracts for difference (CFDs), those risks are significantly amplified. If the concept of trading CFDs is new to you, we recommend reading our guides on:
Summary:
- Trademax Global Markets was launched in Australia in 2013, licensed by the Australian Securities and Markets Authority.
- TMGM is licensed and regulated by the Vanuatu Financial Services Commission and Financial Markets Authority in New Zealand.
- The minimum deposit to open a trading account with TMGM is just NZ$100, and account balances can be denominated in NZD.
- The broker offers MetaTrader 4, MetaTrader and IRESS trading platforms.
- TMGM offers forex and CFDs on indices, shares, metals, energy products and cryptocurrencies.
- TMGM offers a 24/7 cryptocurrency trading schedule, meaning clients can trade on weekends.
- The company is a non-dealing desk broker, meaning the broker streams prices directly from liquidity providers and doesn’t manually intervene with execution.
Our guide covers:
CFD Trading Risk Warning
By writing this review, we do not recommend or even suggest that you should trade forex or CFD instruments. FX and CFD trading are highly leveraged, which can result in rapid losses. For example, Plus500’s European branch warns clients that 76.4% of retail investor accounts incurred losses when trading CFDs.
There are always risks involved in trading financial markets. However, when trading leveraged derivatives like contracts for difference (CFDs), those risks are significantly amplified. If the concept of trading CFDs is new to you, we recommend reading our guides on:
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BlackBull Markets: A New Zealand-Owned Alternative to TMGM
When comparing CFD brokers, BlackBull Markets is a popular option alongside the international platforms. As a 100% New Zealand-owned broker, they offer several practical advantages for local traders: BlackBull's Key Differences:
Why This Matters: Unlike overseas-owned brokers that operate New Zealand virtual or physical branches, BlackBull Markets was built specifically for New Zealand market conditions. This means no waiting for European or US support hours and pricing that doesn't include margins for offshore operations. For traders who prefer keeping their funds onshore and dealing with a company that understands the New Zealand market, BlackBull Markets is an option worth considering, and our review explains more. More details: Read our BlackBull Markets Review, visit BlackBull Markets and compare BlackBull Markets in our broker comparison guide |
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Introduction to TMGM
Established in Australia in 2013, the company has managed to become a well-known forex broker globally. It offers over 12,000 trading products and several distinct account types catering to different traders' needs. The company’s services are in over 150 countries and offer customer support in ten languages, including simplified and traditional Chinese.
The company is regulated in three jurisdictions and provides services via industry-leading platforms, cooperates with industry-leading liquidity providers and utilises advanced order aggregation tools. These features make TMGM a suitable solution for most forex traders around the world. Over the past years, the broker managed to prove itself as a stable counterparty for trading forex and CFDs.
The broker offers traders very competitive services, including free deposits and withdrawals, tight spreads, fast execution, and many others. Among many other countries, TMGM also offers its services to traders from New Zealand.
Below, we explore what makes TMGM an interesting newcomer to the New Zealand forex market and key points you should know about the company before you open a trading account.
The company is regulated in three jurisdictions and provides services via industry-leading platforms, cooperates with industry-leading liquidity providers and utilises advanced order aggregation tools. These features make TMGM a suitable solution for most forex traders around the world. Over the past years, the broker managed to prove itself as a stable counterparty for trading forex and CFDs.
The broker offers traders very competitive services, including free deposits and withdrawals, tight spreads, fast execution, and many others. Among many other countries, TMGM also offers its services to traders from New Zealand.
Below, we explore what makes TMGM an interesting newcomer to the New Zealand forex market and key points you should know about the company before you open a trading account.
TMGM in New Zealand - Financial market regulations
In total, TMGM holds three different licenses. One of these licenses is from New Zealand. Trademax Global Markets (NZ) Limited is registered with the Companies Office, with company number 6358657, and licensed by the Financial Markets Authority in New Zealand (FMA) with FSP No. 569807.
The Financial Markets Authority, FMA, is the government agency of New Zealand responsible for overseeing the financial markets in the country, including forex trading. This license grants TMGM the ability to offer online forex and CFD trading services to New Zealand residents.
The broker also holds two other licenses. Trademax Australia Limited is registered in Australia with ABN 76 162 331 311 and licensed by the Australian Securities and Investment Commission with AFSL no. 436416. Trademax Global Limited is licensed by the Vanuatu Financial Services Commission with company no. 40356.
The Financial Markets Authority, FMA, is the government agency of New Zealand responsible for overseeing the financial markets in the country, including forex trading. This license grants TMGM the ability to offer online forex and CFD trading services to New Zealand residents.
The broker also holds two other licenses. Trademax Australia Limited is registered in Australia with ABN 76 162 331 311 and licensed by the Australian Securities and Investment Commission with AFSL no. 436416. Trademax Global Limited is licensed by the Vanuatu Financial Services Commission with company no. 40356.
Available trading instruments at TMGM
Forex traders from New Zealand can trade numerous currency pairs at TMGM with leverage up to 1:200. The broker focuses largely on CFD trading. Thanks to this, it offers traders an array of tradable assets, including shares, indices, energy products, precious metals and cryptocurrencies.
TMGM offers the following trading instruments:
TMGM has a diverse product offering that competes with other popular platforms in New Zealand, such as IG Markets and CMC Markets. One big difference is that TMGM offers MetaTrader 5, whereas IG and CMC do not. Thanks to this, local traders of any interest can enjoy the competitive services of the broker.
TMGM offers the following trading instruments:
- Over 50 currency pairs with leverage up to 1:200, including NZD/USD, EUR/NZD, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY, NZD/SGD and NZD/SEK on MetaTrader 4 and MetaTrader 5 platforms.
- Over 15 global indices with leverage up to 1:100, including AUS200, US30, NASDAQ100, UK100. There are zero commissions on all indices offered by TMGM, regardless of account type.
- Over 12,000 shares of global stocks are available on the IRESS platform with leverage up to 1:10. The company offers CFDs of stocks listed on the NYSE, NASDAQ, ASX and HKEX. Unfortunately, TMGM doesn’t offer any NZX products.
- Precious metals such as gold, silver, and platinum with leverage up to 1:200 are available on MetaTrader.
- Energy products such as Brent and natural gas are available with leverage up to 1:100.
- 12 cryptocurrency pairs are available to trade 7-days a week on MetaTrader 4 with a leverage of 1:2.
TMGM has a diverse product offering that competes with other popular platforms in New Zealand, such as IG Markets and CMC Markets. One big difference is that TMGM offers MetaTrader 5, whereas IG and CMC do not. Thanks to this, local traders of any interest can enjoy the competitive services of the broker.
Available Trading Platforms at TMGM
TMGM has three trading platforms available to New Zealand traders. Their trading platforms are well-known in the online trading industry and used daily by many thousands of traders.
TMGM offers the following platforms for trading forex and CFDs:
MetaTrader 4 and MetaTrader 5 were both created by MetaQuotes. MetaTrader 4 was released in 2005, and MetaTrader 5 in 2010. These platforms are very popular among forex traders and are available on Windows desktop, Android, and iPhone devices. MT4 and MT5 are platforms commonly offered by most forex brokers. However, TMGM does not support a web-based version of either MT4 or MT5, although one is available.
IRESS ViewPoint is a web-based trading platform that runs on any popular web browser and does not require any downloads, meaning it can be used on Windows and macOS. It offers traders advanced charging capabilities, real-time price streaming, the opportunity to manage multiple portfolios, and many others.
The IRESS trading platform also offers traders a modular structure, a special feature that allows users to customise their workspace. To access the IRESS trading platform, traders need to deposit a minimum of US$5,000 and pay a fee of US$35 per month; the fee is waived, providing more than ten trades are executed each month. Depending on the IRESS account type, a market data fee might apply. As a result, traders can select the market and data package relevant to the markets they trade.
TMGM offers the following platforms for trading forex and CFDs:
- MetaTrader 4
- MetaTrader 5
- IRESS
MetaTrader 4 and MetaTrader 5 were both created by MetaQuotes. MetaTrader 4 was released in 2005, and MetaTrader 5 in 2010. These platforms are very popular among forex traders and are available on Windows desktop, Android, and iPhone devices. MT4 and MT5 are platforms commonly offered by most forex brokers. However, TMGM does not support a web-based version of either MT4 or MT5, although one is available.
IRESS ViewPoint is a web-based trading platform that runs on any popular web browser and does not require any downloads, meaning it can be used on Windows and macOS. It offers traders advanced charging capabilities, real-time price streaming, the opportunity to manage multiple portfolios, and many others.
The IRESS trading platform also offers traders a modular structure, a special feature that allows users to customise their workspace. To access the IRESS trading platform, traders need to deposit a minimum of US$5,000 and pay a fee of US$35 per month; the fee is waived, providing more than ten trades are executed each month. Depending on the IRESS account type, a market data fee might apply. As a result, traders can select the market and data package relevant to the markets they trade.
Account Funding Option from New Zealand
The minimum deposit to open a live account at TMGM is NZ$100, and the leverage can go up to 1:200. Such a low minimum deposit opens doors for many traders, including those who do not have a huge experience trading and just want to dip their toes in the water.
Several reliable payment solutions are available for New Zealand traders at TMGM, including Skrill, Neteller, POLi, and Wire Transfer. The company banks with ASB and holds clients’ funds with accounts there. The available base currencies at TMGM are NZD, USD, AUD, EUR, and CAD. Also, there are no fees for deposits at TMGM. The same payment solutions can be used for withdrawals.
The minimum withdrawal at TMGM is NZ$100. While there are no fees for deposits and withdrawals charged by TMGM, it is recommended to double-check the information with the issuer of your payment method. Sometimes banks charge international transfer fees or foreign exchange markups.
Several reliable payment solutions are available for New Zealand traders at TMGM, including Skrill, Neteller, POLi, and Wire Transfer. The company banks with ASB and holds clients’ funds with accounts there. The available base currencies at TMGM are NZD, USD, AUD, EUR, and CAD. Also, there are no fees for deposits at TMGM. The same payment solutions can be used for withdrawals.
The minimum withdrawal at TMGM is NZ$100. While there are no fees for deposits and withdrawals charged by TMGM, it is recommended to double-check the information with the issuer of your payment method. Sometimes banks charge international transfer fees or foreign exchange markups.
Trading accounts available at TMGM
TMGM offers its clients several account types to suit various trading strategies and is tailored for different trading platforms. The account types are:
Thanks to this, the broker can match the trading style and needs of different traders. No matter what you are looking for, whether you are a scalper or a day trader, or you want to use EAs, there is something available for you.
Traders using the Edge Account are offered very tight spreads, from just 0 pips. However, a commission of $7 per round turn is charged. On the other hand, the spreads at the Classic Account are variable, starting from 1.0 pips, but there is no commission charged. The Edge and Classic Account use ECN execution. The broker also offers an Islamic Account version of the Edge Account for traders who cannot pay or earn interest due to their religious beliefs.
The IRESS accounts are designed for traders using the IRESS ViewPoint platform. To access the Standard Account, you need to deposit a minimum of US$5,000, and you need to pay a fee to access market data. For example, a UA$22 fee applies to access Australian market data, whereas a £6 fee applies for UK market data. Market data fees are waived when executing more than ten trades per month with a Premium account or Gold account. A Premium account requires a minimum deposit of US$10,000 and a Gold account requires a minimum deposit of US$50,000. Another difference between the TMGM IRESS accounts is the financing fees. The finance fees for Standard, Premium and Gold are Libor +/- 3.5%, 3% and 2.5%, respectively.
If you are not sure which account is the right choice for you, you can visit the forex broker’s website and answer a short survey with a few easy questions, and the broker will suggest which trading account and platform fit your trading style best.
- Edge Account (for MT4 and MT5)
- Swap-Free Edge Account (for MT4 and MT5)
- Classic Account (for MT4 and MT5)
- IRESS Accounts (Standard, Premium, Gold)
Thanks to this, the broker can match the trading style and needs of different traders. No matter what you are looking for, whether you are a scalper or a day trader, or you want to use EAs, there is something available for you.
Traders using the Edge Account are offered very tight spreads, from just 0 pips. However, a commission of $7 per round turn is charged. On the other hand, the spreads at the Classic Account are variable, starting from 1.0 pips, but there is no commission charged. The Edge and Classic Account use ECN execution. The broker also offers an Islamic Account version of the Edge Account for traders who cannot pay or earn interest due to their religious beliefs.
The IRESS accounts are designed for traders using the IRESS ViewPoint platform. To access the Standard Account, you need to deposit a minimum of US$5,000, and you need to pay a fee to access market data. For example, a UA$22 fee applies to access Australian market data, whereas a £6 fee applies for UK market data. Market data fees are waived when executing more than ten trades per month with a Premium account or Gold account. A Premium account requires a minimum deposit of US$10,000 and a Gold account requires a minimum deposit of US$50,000. Another difference between the TMGM IRESS accounts is the financing fees. The finance fees for Standard, Premium and Gold are Libor +/- 3.5%, 3% and 2.5%, respectively.
If you are not sure which account is the right choice for you, you can visit the forex broker’s website and answer a short survey with a few easy questions, and the broker will suggest which trading account and platform fit your trading style best.
TMGM Rewards
TMGM also offers its clients a special rewards system, allowing traders to earn points on every lot they trade. The exclusive loyalty program of the broker offers traders the opportunity to redeem rewards starting from 300 points. The awards you can receive are iPads, Macbooks, Airpods, iPhones and cashback of up to $2500.
TMGM conclusion
Like many forex broker sites, the TMGM website is packed with positive and promotional language; it’s hard to see the wood for the trees. The broker’s website claims to be created by expert traders with years of experience in the market. However, by consulting LinkedIn, the company’s top managers have one or two years of experience working at controversial broker IronFX. When evaluating a broker’s website, you need to read between the lines, which we aim to have done for you in this review.
Trademax Global Markets looks like a perfectly fine broker. The company is licensed and supervised by the FMA, which is no easy feat. The company has a great range of services and makes everything accessible to New Zealanders with convenient deposit and withdrawal methods.
Besides TMGM, there are other well-known forex and CFD brokers. Before settling down and opening an account with Trademax, consider reading these reviews first:
Trademax Global Markets looks like a perfectly fine broker. The company is licensed and supervised by the FMA, which is no easy feat. The company has a great range of services and makes everything accessible to New Zealanders with convenient deposit and withdrawal methods.
Besides TMGM, there are other well-known forex and CFD brokers. Before settling down and opening an account with Trademax, consider reading these reviews first:
TMGM - Frequently Asked Questions
What is the highest leverage I can get from TMGM?
The highest leverage available for New Zealand residents at TMGM is 1:200, which is available for forex and precious metal products. The leverage on other assets is a bit lower. For example, the leverage for those trading indices is limited to 1:100, and for energies, it is 1:100.
How long does the TMGM demo account last?
Once you open the demo account at TMGM, you can use it for as long as you want to. Some experienced traders sometimes go back to the demo account to test out new trading ideas and see how different strategies work in different market conditions.
What is the minimum I can deposit to TMGM from New Zealand?
The minimum deposit to create a live trading account at TMGM for forex traders from New Zealand is just $100. Once you deposit $100, you will be able to start trading. Such a low initial deposit requirement ensures that traders can easily get started at the forex broker but isn’t a sufficient amount of equity for trading.
Can I trade stocks with TMGM?
Yes, you can trade stock contracts-for-difference (CFDs) with TMGM. However, the broker does not let you buy and own stocks, only trade derivatives (CFDs).
What liquidity providers does TMGM use?
According to the Trademax Global Markets (NZ) Limited best execution policy for New Zealand clients, the company uses several industry-leading liquidity providers: IS Prime, CFH Clearing, CGS-CIMB Securities, IG Markets, Invast Financial Services.
Is the IRESS platform suitable for new traders?
The IRESS platform is designed to cater to sophisticated traders at banks and investment firms. However, that doesn’t mean new traders can’t learn how to use the platform. Most traders start with MT4 or MT5 because of how widespread information and educational content are online.
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BlackBull Markets: A New Zealand-Owned Alternative to TMGM
When comparing CFD brokers, BlackBull Markets is a popular option alongside the international platforms. As a 100% New Zealand-owned broker, they offer several practical advantages for local traders: BlackBull's Key Differences:
Why This Matters: Unlike overseas-owned brokers that operate New Zealand virtual or physical branches, BlackBull Markets was built specifically for New Zealand market conditions. This means no waiting for European or US support hours and pricing that doesn't include margins for offshore operations. For traders who prefer keeping their funds onshore and dealing with a company that understands the New Zealand market, BlackBull Markets is an option worth considering, and our review explains more. More details: Read our BlackBull Markets Review, visit BlackBull Markets and compare BlackBull Markets in our broker comparison guide |
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