TMGM Logo
Written by: Krisztián G. Updated: Dec 2022
Expert verified

TMGM is not scam

The reason: TMGM is considered reliable as it is regulated by the top-tier Australian regulator, called ASIC.

See below the full list of regulators (country of clients - regulatory body):

  • Australia - Australian Securities and Investments Commission (ASIC)
  • Other countries - Vanuatu Financial Services Commission (VFSC)
  • New Zealand - Financial Markets Authority (FMA)

Is TMGM scam?
Other factors ensuring that TMGM is not a scam

See whether TMGM clients are entitled to investor protection in the event that TMGM goes bankrupt:

TMGM investor protection
Investor protection amount: No protection

There are other factors you can check to make sure TMGM is not a scam. Having been on the market for a long time or being listed on an exchange are all signs that the broker is reliable. Check these factors below.

🌎 Country of origin Australia
📅 Foundation date 2,013
🏛 Banking background No
📈 Listed on exchange No
🗺️ Broker ownership is transparent No
👔 Broker management is transparent No
🔒 Negative balance protection is provided Yes
📋 Read more Check out the TMGM review for 2023

Is TMGM scam?
Looking for the best online brokers?

Search no further. Our brokerage experts compiled a list of the best online brokers based on extensive research and testing with real money.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex. He is also interested in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit TMGM
68% of retail CFD accounts lose money

Share

Comments

×