Go to FxPro
TMGM in United Arab Emirates — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%80
- Round-turn cost20%90
- Safety20%0
- Payouts15%80
- Track record10%65
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Who actually onboards you
- Entity that onboards United Arab Emirates residents
- Trademax Global Ltd
- Local standing
- Offshore (Vanuatu VFSC); no local UAE regulator oversight or investor-compensation scheme.
- Licence as the register states it
- Trademax Global Ltd holds Vanuatu VFSC licence No. 40356; no UAE SCA or DFSA/ADGM authorisation.
- Leverage for this entity
- Up to 1:1000 on forex via the Vanuatu entity; not capped by a UAE regulator.
- The firm behind it
- Founded 2013, HQ Sydney; multi-asset CFD broker present in 150+ countries.
- What we hold against it
- WikiFX WikiScore ~8.58 but Trustpilot shows withdrawal-fee/blocking complaints; caveat is offshore entity, not local protection.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards UAE residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore (Vanuatu VFSC); no local UAE regulator oversight or investor-compensation scheme.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against the UAE market median(priced from 60 of 75)
Medians run over the 60 of 75 brokers that publish a price for United Arab Emirates, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Classic (commission-free), Edge (raw-spread + commission), IRESS, min deposit USD 100 (IRESS USD 5, 000). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where TMGM sits in the UAE base(75 brokers)
Round-turn cost, USD (60 of 75 priced)
Median 7 USD · range 2-35 · this broker 7 USD · 15 of 75 brokers do not publish it
Minimum deposit, USD (33 of 75 priced)
Median 50 USD · range 0-10000 · this broker 100 USD · 42 of 75 brokers do not publish it
Retail leverage (53 of 75 with a UAE figure)
Median 1:500 · range 1-5000 · this broker 1:1000 · 22 of 75 brokers do not publish it
Withdrawal time published (75 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (7 methods · 0 local rails)
Cards (Visa/Mastercard/UnionPay), Skrill, Neteller, FasaPay, bank wire and USDT/USDC crypto;
- Cards
- Skrill
- Neteller
- FasaPay
- Bank wire
- USDT
- USDC crypto
- Account currency
- USD, AUD, NZD and others; no AED-denominated account, so AED deposits convert.
- Fee declared
- 7 of 7 methods
- Withdrawal back to
- the funding method
Where it does not serve(12 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- IRESS
- TMGM mobile app
Identical for every row: Min spread 1 · Leverage 1000 UAE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | 5, 196 |
Share of reviewers in the UAE: — The platform does not publish it.
Pros and cons(4 for and 4 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 65 of 75 brokers here that publish a time
- Swap-free account available
- Round-turn cost 90 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, MT5, IRESS, TMGM mobile app
- No United Arab Emirates authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 100 USD, over the United Arab Emirates median 50
- The published 1:1000 comes from the group's offshore entity, not from the United Arab Emirates one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in the UAE(6 of 75 scored in United Arab Emirates)
- Round turn, USD
- 7UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 500UAE
- Rank in this country
- #26
- Round turn, USD
- 7UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 500UAE
- Rank in this country
- #37
- Round turn, USD
- 8UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 500UAE
- Rank in this country
- #47
- Round turn, USD
- 6UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 300UAE
- Rank in this country
- #43
- Round turn, USD
- 6UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 500UAE
- Rank in this country
- #20
- Round turn, USD
- 9UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 400 group
- Rank in this country
- #4
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a UAE score. Full methodology
| Axis | Weight | What is measured | TMGM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 65 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does TMGM accept residents of United Arab Emirates?
- No. Offshore (Vanuatu VFSC); no local UAE regulator oversight or investor-compensation scheme. Onboarding entity: Trademax Global Ltd
- Is TMGM licensed to serve clients in United Arab Emirates?
- Trademax Global Ltd holds Vanuatu VFSC licence No. 40356; no UAE SCA or DFSA/ADGM authorisation. Checked on 09.07.2026.
- How much does one round turn cost at TMGM?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for United Arab Emirates is 7.0 USD.
- What leverage does TMGM offer to retail clients in United Arab Emirates?
- Up to 1:1000. Up to 1:1000 on forex via the Vanuatu entity; not capped by a UAE regulator.
- Which trading platforms does TMGM support?
- MT4, MT5, IRESS, TMGM mobile app. Instruments: 12,000+ instruments: forex, share CFDs, precious metals, energies, indices and crypto CFDs.
- How can I withdraw money from TMGM in United Arab Emirates?
- Cards (Visa/Mastercard/UnionPay), Skrill, Neteller, FasaPay, bank wire and USDT/USDC crypto; no verified AED-specific rail.
- What account types does TMGM offer?
- Classic (commission-free), Edge (raw-spread + commission) and IRESS; min deposit USD 100 (IRESS USD 5,000).
- Does TMGM offer a swap-free (Islamic) account?
- Yes. TMGM offers a swap-free (Islamic) account to United Arab Emirates residents.
Taxes for a UAE resident(1 rule)
- 0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026);https://tmgm.com/en/about/why-choose-tmgm
Not tax advice. Check with the Federal Tax Authority.