Research checked 2026-10-12 · Unknown fields require verification.
Selected /en-au website targets Australian residents; US excluded. International availability requires separate country/entity mapping.
Virtual funds: Not recorded
Current starting balance not established in this research.
Expiry: Not established
See documented terms for scope and exceptions.
View in the interactive finder
Account conditions
- Research checked
- 2026-10-12
- Testing status
- Not tested
- Recorded virtual amount
- Requires Verification
- Recorded currency
- Requires Verification
- Expiry category
- unknown
- Evidence category
- Some details unconfirmed
- Signup requirements
- See the documented terms below. Account opening has not been tested.
- Notes and remaining checks
- 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
- Record ID
- tmgm-mt5-au
- Broker
- TMGM
- Legal entity
- Trademax Australia Limited (selected /en-au offer); Trademax Global Limited separately checked
- Research region codes
- AU
- Research region code
- AU
- Research region
- Australia
- Research scope
- Australia (selected demo); Vanuatu (separate affiliate)
- Platform code
- mt5
- Platform
- MetaTrader 5
- Documented 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.
- Entity assignment
- 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.
- What the evidence establishes
- Official Australian demo offer verified; some term applicability unresolved; no functional test
- Supporting sources
- Official information source
- TMGM Australian FAQ
Official entry route
- Route type
- portal
- Notes and remaining checks
- Demo registration portal; select your platform.
- Evidence status
- Official entry route
- Route source
- https://www.tmgm.com/en-au/faq
- Research checked
- 2026-10-13
- Testing status
- Not tested
Execution and demo realism
Contractual capacity and execution arrangement are separate. ECN/STP labels do not establish agency. Simulated fills do not verify live execution quality.
- Scope
- Trademax Australia Limited · selected Australian MT4/MT5 offer; findings are not assigned to Trademax Global Limited.
- Testing status
- Not tested
- Contractual role
- Finding
- Principal
- Evidence status
- Documented
- Notes and remaining checks
- Section 2.1.1 of the current Australian legal-page agreement makes Trademax Australia principal and counterparty to all trades.
- Supporting sources
- Research checked
- 2026-10-13
- Execution arrangement
- Finding
- Market Execution
- Evidence status
- Broker-reported
- Notes and remaining checks
- The Australian FAQ describes execution at the requested price or next available price, with a stated exception for limit orders and take profit.
- Supporting sources
- Research checked
- 2026-10-13
- Demo realism
- Finding
- Execution can differ in high volatility
- Evidence status
- Documented
- Notes and remaining checks
- 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.
- Supporting sources
- Research checked
- 2026-10-13
- Research review
- Research checked
- 2026-10-13
- Review outcome
- Role: Principal; Arrangement: Market Execution; Demo: Execution can differ in high volatility. Official documentation review only; no account or order tests.
- Remaining checks
- Obtain detail on simulated slippage, rejection, liquidity and charges for Classic/Edge on each platform.
Demo markets
- Scope
- Trademax Australia Limited (selected /en-au offer); Trademax Global Limited separately checked · Australia · MetaTrader 5. Market coverage not yet reviewed.
- Testing status
- Not tested
- Forex CFDs
- Evidence status
- Requires Verification
- Notes and remaining checks
- Forex CFD demo access has not been established for this entity and platform.
- Supporting sources
No supporting source recorded for this field.
- Research checked
- Requires Verification
- Cryptocurrency CFDs
- Evidence status
- Requires Verification
- Notes and remaining checks
- Cryptocurrency CFD demo access has not been established for this entity and platform.
- Supporting sources
No supporting source recorded for this field.
- Research checked
- Requires Verification
API access
- Evidence status
- Requires Verification
- Type
- Requires Verification
- Access route
- Not established for this offering
- Notes and remaining checks
- 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.
- Supporting sources
No supporting source recorded for this field.
- Official documentation
No supporting source recorded for this field.
- Research checked
- Requires Verification
- Testing status
- Not tested
Entity and regulatory research
- Evidence status
- Verified
- Legal 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.
Reading the evidence
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.
Official sources
Trademax Australia client agreement
Source owner: Broker
Research checked: 2026-10-13
Source locator: Section 2.1.1, page 4
Source access note: Current Australian legal-documents page linked PDF; opened and read.
Source ID: ex-c-tmgm-contract
TMGM Australian FAQ
Source owner: Broker
Research checked: 2026-10-13
Source locator: What type of accounts does TMGM offer? and What types of Execution are applied to TMGM trades?
Source access note: Official page/PDF opened and read; no account opened or trading tested.
Source ID: ex-c-tmgm-faq
TMGM Australian FAQ
Source owner: Broker
Evidence category: Classic/Edge MT4/MT5 demos; short application; Australian entity and resident scope.
Source access note: Direct page read 2026-10-12; signup link rendered only JavaScript shell in web tool.
Source ID: tmgm-4
TMGM international Demo help centre
Source owner: Broker
Evidence category: English body specifies30-day expiry/deletion, identity-verification route and self-service virtual funding; footer lists multiple entities.
Source access note: Direct page read 2026-10-12. Australian equivalent unavailable; cross-region applicability not established.
Source ID: tmgm-5
ASIC Professional Register — Trademax Australia Limited
Source owner: Regulator
Evidence category: CURRENT licence436416; principal website matches /en-au; current conditions cover derivatives and FX for retail/wholesale.
Source access note: Interactive browser search436416, exact detail and14/04/2026 conditions opened 2026-10-12.
Source ID: tmgm-reg-1
ASIC 24-109MR with revocation update
Source owner: Regulator
Evidence category: Editor's note2 says DDO stop orders lifted from25-Jun-2024; do not present old orders as current.
Source access note: Official regulator publication read 2026-10-12.
Source ID: tmgm-reg-2
VFSC Financial Dealers Licensee List
Source owner: Regulator
Evidence category: Separate Trademax Global Limited40356, Active, classes A/B/C, licence22-Dec-2022.
Source access note: Direct live table read; not the Australian demo entity.
Source ID: tmgm-reg-3
TMGM Australian FAQ
Source owner: Broker
Evidence category: Classic/Edge MT4/MT5 demos; short application; Australian entity and resident scope.
Source access note: Direct page read 2026-10-12; signup link rendered only JavaScript shell in web tool.
Source ID: tmgm-reg-4
TMGM international Demo help centre
Source owner: Broker
Evidence category: English body specifies30-day expiry/deletion, identity-verification route and self-service virtual funding; footer lists multiple entities.
Source access note: Direct page read 2026-10-12. Australian equivalent unavailable; cross-region applicability not established.
Source ID: tmgm-reg-5