TMGM
⭐ 4.0 · Sydney, Australia
TMGM (TradeMax Global Markets) is an Australian broker founded in 2013 in Sydney, focused on multi-asset trading: Forex, Stocks, Crypto, Indices. Famous for ECN execution and 12,000+ stock CFDs.
$9.4/lotSpread 0p1:500
Broker Comparison
TMGM vs XM
Side-by-side comparison of TMGM and XM on every dimension professional traders care about — from fees and leverage to regulators, scalping rules, and EA support. Updated May 2026.
Reviewed & ranked byTradingEdge IC License — Investment Consultant (Thai SEC) Strategic Partner of Top-Tier Brokers
winner
XM
⭐ 4.4 · Limassol, Cyprus
XM is one of the largest forex brokers with 10+ million clients in 196 countries. Famous for its $30 No Deposit Bonus and free educational content for new traders.
$11/lotSpread 0.6p1:1000
Verdict
XM wins 7/13 categories — the better all-round choice.
TMGM: 3 · XM: 7 · tied: 3
| Field | TMGM | XM |
|---|---|---|
| Rebate per lot | $9.40 / lot | $11 / lot |
| Spread from | 0 pips | 0.6 pips |
| Execution speed | 45 ms | 65 ms |
| Max leverage | 1:500 | 1:1000 |
| Min deposit | $100 | $5 |
| User rating | 4.0 / 5 (1,245) | 4.4 / 5 (4,310) |
| Trust score | 8.05 / 10 | 8.50 / 10 |
| Execution type | ECN / DMA | Market Execution / NDD |
| Liquidity providers | 17+ | 12+ |
| Regulators | ASIC (AU) #436416 · FMA (NZ) #FSP345553 · VFSC (VU) #40356 | ASIC (AU) #443670 · CySEC (CY) #120/10 · IFSC (BZ) #000261/397 |
| Platforms | MT4 · MT5 · IRESS · TMGM Mobile | MT4 · MT5 · XM WebTrader · XM Mobile |
| Payout frequency | ทุก 2 วัน | รายวัน |
| Withdrawal time | 1-4 ชม. | ภายใน 24 ชม. |
| Swap-free / Islamic | — | ✓ |
| Scalping allowed | ✓ | ✓ |
| EA / algo allowed | ✓ | ✓ |
| Negative balance protection | ✓ | ✓ |
Strengths of TMGM
- 12,000+ stock CFDs — biggest selection
- ECN execution under 35ms
- ASIC + FMA regulation
- IRESS Pro included
- No deposit bonus
- Spread wider than IC Markets / Pepperstone
Strengths of XM
- $30 No Deposit Bonus — start risk-free
- 10M+ clients, established brand
- Multiple regulators (CySEC, ASIC, FSC, DFSA)
- Strong Thai-language support
- Spread wider than ECN competitors
- Rebates paid monthly (not daily)
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