TMGM

TMGM, legally registered as Trademax Global Limited, is a financial services entity incorporated in Vanuatu on 28 April 2022. The company lists a registered address in Sydney, Australia, at Level 28 One International Towers, 100 Barangaroo Avenue. Its official domain is tmgmzhc.com, though our records indicate no verifiable website or social-media presence.

According to our records, the firm holds a single licence from the Vanuatu Financial Services Commission (VFSC) under a Forex Trading License (EP) category. The licence number is 40356, as recorded in our files. However, the status of this licence is not published in our records, and we have not been able to independently verify its current standing.

The VFSC is the financial regulator for Vanuatu, an offshore jurisdiction known for relatively light oversight compared to major financial centres. While holding a VFSC licence indicates some level of regulatory registration, it does not provide the same degree of investor protection as licences from authorities such as the FCA, ASIC, or CySEC.

Our records show that TMGM is listed as a 'Fake Broker' in industry watchdog records and has been identified as a clone or impersonator firm. These flags are significant and suggest that the entity may not be operating legitimately, or that it may be misrepresenting its affiliation with a legitimate broker. We advise extreme caution when considering any dealings with this entity.

FXCanary's Scam Risk Score for TMGM is 85 out of 100, indicating a severe risk level. This score is based on several factors, including its registration in an offshore jurisdiction, the 'Fake Broker' flag, and its identification as a clone or impersonator firm. Additionally, the lack of a verifiable website or social-media presence is a major red flag, as legitimate brokers typically maintain a transparent online footprint.

Given these risk indicators, we strongly advise against engaging with this entity. The combination of regulatory flags and lack of verifiable information suggests a high likelihood of fraudulent activity. Traders should exercise the utmost caution and consider alternative, well-regulated brokers.

Due to the low web confidence and absence of verifiable official information, we are unable to provide details on account types, trading platforms, or financial instruments offered by TMGM. The known facts do not include any specifics about its product range, and the web search results did not match this entity.

In the absence of reliable information, we cannot confirm whether TMGM offers retail forex or CFD trading, or any other financial services. Potential clients should treat any claims made by this entity with extreme suspicion, as the risk of misrepresentation is high.

In summary, TMGM (Trademax Global Limited) is a Vanuatu-registered entity with a single VFSC licence on file, but it is flagged as a fake broker and clone firm. The lack of verifiable online presence and the severe risk score make it an extremely high-risk counterparty.

We recommend that traders avoid this entity entirely and seek regulated brokers with transparent operations and a verifiable track record. If you have been approached by TMGM, we advise you to report it to the relevant authorities and to refrain from providing any personal or financial information.