Score

7.72 /10
Good

TMGM

Australia

5-10 years

Regulated in Australia

Market Making(MM)

MT4/5 full license

Regional Brokers

High potential risk

Offshore Regulatory

AA
A

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

License Index 8.65
Business Index 7.95
Risk Management Index 0.00
Software Index 9.99
Regulatory Index 8.63
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Contact number

English

+61 280368388

Broker Information

More

Company Name

Trademax Global Markets.

Company Abbreviation

TMGM

Platform registered country and region

Australia

Company website

Twitter

Facebook

Instagram

YouTube

Linkedin

WhatsApp

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2023-02-02
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The VanuatuVFSC regulation with license number: 40356 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

TMGM · Benchmark
Average transaction speed(ms)
436.4
The highest transaction speed(ms)
27 Perfect
The highest speed of opening positions(ms)
83 Great
The highest speed of closing position(ms)
27 Perfect
The lowest speed of opening positions(ms)
1996 Poor
The lowest speed of closing position(ms)
1999 Poor
Ranking: 46 / 116
Test user 4,584
Transactions 61,889
Ocuppied margin $21,821,024 USD
Data Source WikiFX Data provide
Updated: 2023-01-31 01:01:00
Pyramid scheme complaint
Expose
Severe Slippage

The Tmgm platform has serious slippage, and the platform suspended customer accounts without authorization, resulting in a loss of 3370.2[d83d][dcb2]. After communicating with the account manager, he blocked me and lost contact.

On September 13, 2022, the Tmgm platform system was unstable and had serious slippage, causing our 1.7 lots of gold to lose 3370.2[d83d][dcb2]. After the incident, it was reported to the platform account manager that the account manager had an arrogant attitude. At noon the next day, without our consent, my account was blocked at will, and the account balance of 614[d83d][dcb2] was not refunded. Immediately close the communication loss. We strongly request the Tmgm platform to compensate USD 3370 and refund USD 614, total: USD 3984.

2022-09-16 17:26
Resolved

Tmgm has serious slippage, and the platform suspended customer accounts without authorization, resulting in a loss of $3370.2

On September 13, 2022, the Tmgm platform system was unstable and had serious slippage, causing our 1.7 lots of gold to lose 3370.2[d83d][dcb2]. After the incident, it was reported to the platform account manager that the account manager had an arrogant attitude. At noon the next day, without our consent, my account was blocked at will, and the account balance of 614[d83d][dcb2] was not refunded. Immediately close the communication loss. We strongly request the Tmgm platform to compensate USD 3370 and refund USD 614, total: USD 3984. Slippage loss situation on September 13, 2022 1. 0.5 lot, bid price: 1723.51, stop loss: 1728, transaction 1715.62, loss: (1728-1715.62) * 0.5 lot * 100 yuan / lot = 619﹩ 2, 0.5 lot , bid price: 1712.98, stop loss: 1728, transaction 1705.86, loss: (1728-1705.86) * 0.5 lot * 100 yuan / lot = 1107﹩ 3. 0.3 lot, bid price: 1703.36, stop loss: 1728, transaction 1705.24, Loss: (1728-1705.24)*0.3 lots*100 yuan/lot=682.8﹩ Fourth, 0.2 lots, buying price: 1706.60, stop loss: 1728, transaction 1706.75, loss: (1728-1706.75)*0.2 lots*100 yuan/ Lot = 425﹩ 5. 0.2 lot, bid price: 1708.15, stop loss: 1728, transaction 1701.18, loss: (1728-170,1.18) * 0.5 lot * 100 yuan / lot = 536.4﹩ five strokes total: 3370.2

2022-09-16 17:43

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • Singapore
    • 353***
    • XAUUSD
    • 01-31 17:16:32
    • Seoul
    • 967***
    • XAUUSD
    • 02-01 17:11:49
    • Tokyo
    • 305***
    • XAUUSD
    • 01-31 16:36:13

    Stop Out

    0.76%

    Stop Out Symbol Distribution

    6 months

    Sources

    User Reviews

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    User comment

    28

    Comments

    Write a review

    Go on
    more than one year
    Antes de elegir un broker de divisas, conocía la importancia de las licencias reglamentarias, así que elegí TMGM, un broker con tres licencias reglamentarias, pero aun así me engañaron con casi 2000 dólares estadounidenses. Estoy tan cansado y desesperado.
    Translate to English
    2022-11-21 18:52
    Reply
    0
    1
    Sengmakara
    0-3months
    I love you wikifx app. thank you very much
    Translate to English
    2023-01-27 00:42
    Reply
    0
    1

    News

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    2022-12-16 14:36
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    Oil markets remain finely balanced going into the winter months, with OECD stocks trending at the lowest levels since 2004. The approaching EU embargoes on Russian crude and oil product imports and a ban on maritime services will add further pressure on global oil balances, and, in particular, on already exceptionally tight diesel markets.

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    2022-11-23 11:36
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    NewsTMGM Is Now A Member Of The Financial Commission

    On September 22nd, the Financial Commission (FinCom), a self-regulatory institution in the financial services sector, recognized TMGM as the newest approved broker member.

    WikiFX
    2022-10-04 16:47
    TMGM Is Now A Member Of The Financial Commission

    NewsFINANCIAL COMMISSION ADDS TMGM TO MEMBERSHIP ROSTER

    The Financial Commission today announced that it has added TMGM, or Trademax Global Markets, to its member roster, which is made up of online brokerages operating in FX, derivatives and cryptocurrency markets.

    WikiFX
    2022-09-23 09:52
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    NewsTMGM Partnered With Some Of The Famous Athletes To Expand Their Marketing Visibility

    TMGM has teamed with various football players to increase recognition in European and Latin American nations. To encourage the future generation of exceptional players, TMGM has worked with one of the most prominent NBA assistant coaches, Los Angeles' Phil Andy.

    WikiFX
    2022-09-15 12:11
    TMGM Partnered With Some Of The Famous Athletes To Expand Their Marketing Visibility

    NewsForex brokers X Sports: Can crossover trigger public attention? Part 2

    In the previous article, we discuss that some brokers invited sports celebrities as their brand ambassadors, which is only one of the methods by that forex brokers promote themselves. Some brokers may even participate in a series of events, or form partnerships with certain sports clubs. In today’s article, we will talk about the five brokers that making partnerships with several sports companies and clubs.

    WikiFX
    2022-09-14 18:39
    Forex brokers X Sports: Can crossover trigger public attention? Part 2
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    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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