{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "tmgm-mt4-au",
  "urls": {
    "html": "/demo-accounts/tmgm-mt4-au.html",
    "json": "/demo-accounts/tmgm-mt4-au.json",
    "markdown": "/demo-accounts/tmgm-mt4-au.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "Not recorded",
    "fundsNote": "Current starting balance not established in this research.",
    "expiryType": "unknown",
    "expiry": "Not established",
    "expiryNote": "See documented terms for scope and exceptions.",
    "evidence": "partial",
    "signup": "See the documented terms below. Account opening has not been tested.",
    "note": "Confirm Australian expiry, starting balance, currency choices and reset/top-up policy Resolve whether identity verification precedes initial demo or only portal-created additional demos Verify exact international entity before applying global terms outside Australia",
    "id": "tmgm-mt4-au",
    "broker": "TMGM",
    "entity": "Trademax Australia Limited (selected /en-au offer); Trademax Global Limited separately checked",
    "regions": [
      "AU"
    ],
    "region": "AU",
    "regionLabel": "Australia",
    "researchScope": "Australia (selected demo); Vanuatu (separate affiliate)",
    "platform": "mt4",
    "platformLabel": "MetaTrader 4",
    "terms": "AU FAQ offers Classic/Edge demos on MT4/MT5 via short application; extra demos through portal. Starting funds, expiry and demo-only KYC not specified there. International help page says 30-day fixed expiry, deletion without restoration, new demo anytime, identity verification before adding demos, and self-service virtual top-ups; applicability to AU flow remains unconfirmed.",
    "entityMapping": "Australian demo FAQ maps directly to ASIC entity and explicitly targets Australian residents. International help page lists four group entities; its terms are not silently applied to this Australian offer.",
    "eligibility": "Selected /en-au website targets Australian residents; US excluded. International availability requires separate country/entity mapping.",
    "evidenceNote": "Official Australian demo offer verified; some term applicability unresolved; no functional test",
    "sources": [
      "tmgm-4",
      "tmgm-5"
    ],
    "visit": "tmgm-4",
    "regulation": {
      "status": "Verified",
      "entity": "Trademax Australia Limited (selected /en-au offer); Trademax Global Limited separately checked",
      "regulator": "Australian Securities and Investments Commission; Vanuatu Financial Services Commission",
      "finding": "ASIC live register: Trademax Australia Limited CURRENT, AFSL436416 commenced21-May-2013; principal website tmgm.com/en-au. Conditions14-Apr-2026 permit dealing/market-making in derivatives and foreign exchange contracts for retail/wholesale clients. ASIC's 2024 interim DDO orders were lifted25-Jun-2024. Separate Trademax Global Limited40356 is Active on VFSC list.",
      "scope": "Australian demo FAQ maps directly to ASIC entity and explicitly targets Australian residents. International help page lists four group entities; its terms are not silently applied to this Australian offer.",
      "sources": [
        "tmgm-reg-1",
        "tmgm-reg-2",
        "tmgm-reg-3",
        "tmgm-reg-4",
        "tmgm-reg-5"
      ]
    },
    "signupLink": {
      "kind": "portal",
      "note": "Demo registration portal; select your platform.",
      "status": "Official entry route",
      "url": "https://portal.tmgm.com/register?language=en&register_type=demo",
      "sourceUrl": "https://www.tmgm.com/en-au/faq",
      "checked": "2026-10-13",
      "tested": false
    },
    "execution": {
      "scope": "Trademax Australia Limited · selected Australian MT4/MT5 offer; findings are not assigned to Trademax Global Limited.",
      "tested": false,
      "role": {
        "value": "Principal",
        "status": "Documented",
        "note": "Section 2.1.1 of the current Australian legal-page agreement makes Trademax Australia principal and counterparty to all trades.",
        "sources": [
          "ex-c-tmgm-contract"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "Market Execution",
        "status": "Broker-reported",
        "note": "The Australian FAQ describes execution at the requested price or next available price, with a stated exception for limit orders and take profit.",
        "sources": [
          "ex-c-tmgm-faq"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Execution can differ in high volatility",
        "status": "Documented",
        "note": "The Australian account-types FAQ explicitly warns that demo and live execution may differ during high volatility; the surrounding answer identifies MT4/MT5 Classic and Edge demos.",
        "sources": [
          "ex-c-tmgm-faq"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Role: Principal; Arrangement: Market Execution; Demo: Execution can differ in high volatility. Official documentation review only; no account or order tests.",
        "remainingChecks": [
          "Obtain detail on simulated slippage, rejection, liquidity and charges for Classic/Edge on each platform."
        ]
      }
    },
    "markets": {
      "scope": "Trademax Australia Limited (selected /en-au offer); Trademax Global Limited separately checked · Australia · MetaTrader 4. Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    }
  },
  "sources": {
    "ex-c-tmgm-contract": {
      "title": "Trademax Australia client agreement",
      "url": "https://tmgm-cdn.oss-cn-hongkong.aliyuncs.com/marketing/asic/en-AU/20241114_Client_Agreement_-_Trademax_Australia_Limited.pdf",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Section 2.1.1, page 4",
      "access": "Current Australian legal-documents page linked PDF; opened and read."
    },
    "ex-c-tmgm-faq": {
      "title": "TMGM Australian FAQ",
      "url": "https://www.tmgm.com/en-au/faq",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "What type of accounts does TMGM offer? and What types of Execution are applied to TMGM trades?",
      "access": "Official page/PDF opened and read; no account opened or trading tested."
    },
    "tmgm-4": {
      "title": "TMGM Australian FAQ",
      "url": "https://www.tmgm.com/en-au/faq",
      "owner": "Broker",
      "evidence": "Classic/Edge MT4/MT5 demos; short application; Australian entity and resident scope.",
      "access_note": "Direct page read 2026-10-12; signup link rendered only JavaScript shell in web tool."
    },
    "tmgm-5": {
      "title": "TMGM international Demo help centre",
      "url": "https://www.tmgm.com/es/trading/help-center/demo",
      "owner": "Broker",
      "evidence": "English body specifies30-day expiry/deletion, identity-verification route and self-service virtual funding; footer lists multiple entities.",
      "access_note": "Direct page read 2026-10-12. Australian equivalent unavailable; cross-region applicability not established."
    },
    "tmgm-reg-1": {
      "title": "ASIC Professional Register — Trademax Australia Limited",
      "url": "https://service.asic.gov.au/search/EntityDetail?LicenceNumber=436416&PermissionType=Australian%20financial%20services%20licensees&licenceName=TRADEMAX%20AUSTRALIA%20LIMITED",
      "owner": "Regulator",
      "evidence": "CURRENT licence436416; principal website matches /en-au; current conditions cover derivatives and FX for retail/wholesale.",
      "access_note": "Interactive browser search436416, exact detail and14/04/2026 conditions opened 2026-10-12."
    },
    "tmgm-reg-2": {
      "title": "ASIC 24-109MR with revocation update",
      "url": "https://asic.gov.au/about-asic/news-centre/find-a-media-release/2024-releases/24-109mr-asic-issues-ddo-stop-orders-against-trademax-australia/",
      "owner": "Regulator",
      "evidence": "Editor's note2 says DDO stop orders lifted from25-Jun-2024; do not present old orders as current.",
      "access_note": "Official regulator publication read 2026-10-12."
    },
    "tmgm-reg-3": {
      "title": "VFSC Financial Dealers Licensee List",
      "url": "https://www.vfsc.vu/financial-dealers-licensee-list/",
      "owner": "Regulator",
      "evidence": "Separate Trademax Global Limited40356, Active, classes A/B/C, licence22-Dec-2022.",
      "access_note": "Direct live table read; not the Australian demo entity."
    },
    "tmgm-reg-4": {
      "title": "TMGM Australian FAQ",
      "url": "https://www.tmgm.com/en-au/faq",
      "owner": "Broker",
      "evidence": "Classic/Edge MT4/MT5 demos; short application; Australian entity and resident scope.",
      "access_note": "Direct page read 2026-10-12; signup link rendered only JavaScript shell in web tool."
    },
    "tmgm-reg-5": {
      "title": "TMGM international Demo help centre",
      "url": "https://www.tmgm.com/es/trading/help-center/demo",
      "owner": "Broker",
      "evidence": "English body specifies30-day expiry/deletion, identity-verification route and self-service virtual funding; footer lists multiple entities.",
      "access_note": "Direct page read 2026-10-12. Australian equivalent unavailable; cross-region applicability not established."
    }
  }
}