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Broker Comparison

HF Markets vs TMGM

Side-by-side comparison of HF Markets and TMGM 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
Published April 1, 2026·Last updated May 3, 2026·See our review methodology
winner
HFM
HF Markets
4.8 · Saint Vincent & the Grenadines

HF Markets is a multi-regulated broker with 5 licenses worldwide. Founded in 2010 in Cyprus, it focuses on credibility for Asian and Middle Eastern clients — a top pick among Thai traders thanks to True Wallet / PromptPay / direct-bank integration.

$12/lotSpread 0.1p1:2000
TM
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
Verdict

HF Markets wins 7/13 categories — the better all-round choice.

HF Markets: 7 · TMGM: 3 · tied: 3
FieldHF MarketsTMGM
Rebate per lot$12 / lot$9.40 / lot
Spread from0.1 pips0 pips
Execution speed90 ms45 ms
Max leverage1:20001:500
Min deposit$10$100
User rating4.8 / 5 (2,841)4.0 / 5 (1,245)
Trust score8.61 / 108.05 / 10
Execution typeMarket Execution / STPECN / DMA
Liquidity providers11+17+
RegulatorsFCA (UK) #801701 · CySEC (CY) #183/12 · FSCA (ZA) #46632ASIC (AU) #436416 · FMA (NZ) #FSP345553 · VFSC (VU) #40356
PlatformsMT4 · MT5 · HFM Mobile · HFM WebTraderMT4 · MT5 · IRESS · TMGM Mobile
Payout frequencyรายวันทุก 2 วัน
Withdrawal timeภายใน 24 ชม.1-4 ชม.
Swap-free / Islamic
Scalping allowed
EA / algo allowed
Negative balance protection
Strengths of HF Markets
  • Up to $12/lot rebate — among the highest in Tier-1
  • Fast deposits/withdrawals via True Wallet, PromptPay, Krungthai/SCB in minutes
  • Cent account (from $5) suits beginners
  • 5 main licenses (FCA, CySEC, FSCA, DFSA, FSA)
  • High swap on certain pairs (GBPJPY, AUDNZD)
  • Free Islamic account requires request within 30 days
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

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