TMGM Regulation: Licenses, Oversight, and Real Safety Checks

Is TMGM Legit and Safe? Our Deep-Dive Verdict

We separate “is it legit?” into three verifiable pillars: licenses, money safeguards, and regulatory track record. TMGM operates multiple entities; the Australian arm (Trademax Australia Limited) holds AFSL 436416 under ASIC, and the Vanuatu arm (Trademax Global Limited) holds 40356 under VFSC. Both IDs are published on TMGM‘s regulatory page and can be verified via ASIC’s registers and VFSCs lists.

On safeguards, TMGM states client funds are kept in segregated trust accounts at National Australia Bank (an Australian ADI) and highlights professional indemnity insurance up to AUD 10 million; these reduce operational risk but dont remove trading risk.

For track record, ASIC issued two interim stop orders against Trademax Australia on May 23, 2024 under Design & Distribution Obligations; ASICs later report notes such interim orders were revoked after entities made changes. We flag this transparently so retail traders appreciate both the licensing status and real-world supervision.

In our judgment, TMGM is regulated, not a “scam”. Still, CFDs remain high risk—size positions conservatively and verify which TMGM entity youre actually signing with.

What Do Traders Commonly Ask about TMGM‘s Safety?

Q1. How do I verify TMGM’s licenses myself?

Search TMGM‘s “Regulatory Supervision” page for AFSL 436416 (ASIC) and VFSC 40356, then cross-check on ASIC Connect and VFSC’s public info.

Q2. Are client funds segregated and where?

TMGM states client funds are held in segregated trust accounts with National Australia Bank (NAB), an Australian ADI.

Q3. Do I have negative balance protection?

TMGM markets “advanced risk tools” and references negative balance protection in account materials; policy may vary by entity. If your balance goes negative, Help Center guidance is to contact support—always confirm protections for your specific entity.

Q4. Is there additional insurance?

TMGM discloses professional indemnity insurance up to AUD 10 million; this is the firms liability cover, not a guarantee of client reimbursement.

Q5. Can UK clients rely on FCA protections?

No—TMGM warns it isn‘t authorised by the UK FCA; UK-specific protections (FSCS, FOS, CASS) don’t apply.

How Is TMGM Regulated and What Does It Mean for Traders?

These two jurisdictions offer very different regimes: ASIC is a stricter, on-shore regulator; VFSC is more flexible but lighter-touch. Choose the entity that matches your risk tolerance and product needs. TMGMs site also lists other group entities (e.g., Mauritius FSC, Kenya CMA); always check the exact entity on your application form.