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Rating method, scope & sources
Country rules can differ by entity, product and funding stage.
FINEX reviews provider publications and named research sources. Each entry shows its source, check date and applicable scope. This is document-based research; FINEX has not independently tested execution or withdrawals. Terms depend on entity, country and account.
Forex & prop trading terminology
Spread
The difference between the bid and ask prices. A quoted minimum is not an observed average.
Trading commission
A trading charge, separate from any referral commission paid to an IB.
Per side / round turn
Per side applies to an opening or closing transaction; round turn covers opening and closing. Always check the volume and currency basis.
Swap / overnight financing
A debit or credit for holding a position overnight, depending on the instrument and direction.
Balance / equity
Balance reflects booked transactions. Equity also reflects floating profit or loss; use the provider’s exact risk formula.
Drawdown
Static, trailing and end-of-day rules use different reference points. Maximum daily loss and maximum overall loss are distinct limits.
Prop firm / funded account
Here, prop firm refers to a trading evaluation or capital-allocation provider. A funded stage may be simulated or live; the profile states the program’s published setup.
Withdrawal / reward payout
A broker withdrawal returns money from a client account. A prop reward payout is paid under the program contract and profit-split conditions.
Preliminary FINEX editorial estimate: 5.4/10, calculated from the weighted legal, total-cost, withdrawal/payout and trading-condition scores shown below. Based on provider disclosures reviewed 2026-10-17; unresolved terms reduce the relevant score. No independent execution or payout test is claimed. Recheck the exact contract and current checkout for the customer's country.
Scope: International account page; regional and legal-entity conditions vary · 2026-10-22
A fully assessed quality rating requires four reviewed pillars. Preliminary editorial estimates are labelled separately and use the weighted pillar estimates shown below; missing evidence is not a low score.
Provisional editorial review · 17 October 2026
2/4 · 45% of original rubric weight assessed
Scope: International account page; regional and legal-entity conditions vary
These scores evaluate the substance of published protections, charges and restrictions. They do not certify real withdrawal reliability, execution quality or independent regulatory checks. Missing material evidence remains unscored.
Weighted terms result: not yet available; separate from the publisher’s proposed 8/10
Legal protection
Unscored · 30%Provisional terms assessment
ASIC, Vanuatu, Seychelles and Mauritius licences attach to separate companies; the customer's applicable protections cannot be combined into one group score.
Edge states $7 FX/$5 metals round-trip without a resolved volume basis, while the same page conflicts on minimum deposits. The selected account's cost burden needs confirmation.
The en-in rules require own-name bank payout, a $100 minimum with limited balance exceptions, and bank-wire withdrawal after card deposits. These restrictions reduce convenience.
Classic/Edge list all trading styles, hedging and EA compatibility on MT4/MT5. This supports flexible strategies, subject to legal execution and margin rules.
Group entities: Trademax Australia Limited; Trademax Global Limited (Vanuatu); Trademax Global Markets (SE) Limited (Seychelles); Trademax Global Markets (International) Pty Ltd (Mauritius). Actual contracting entity requires confirmation.Limited source coverage — see scopeScope: Public legal disclosures; individual onboarding entity not confirmedSource: tmgm.com · checked 2026-10-17 ↗
Regulatory disclosure
Group disclosures: ASIC 436416; VFSC 40356; Seychelles FSA SD224; Mauritius FSC GB22201012. Entity-specific.Scope: International account page; regional and legal-entity conditions varySource: tmgm.com · checked 2026-10-17 ↗
Regional eligibility
The current footer says products and services are not intended for US, Malaysian or Thai residents. Older indexed pages listed only the US; this record follows the current privacy-page footer. Vietnam is not named. Australian accounts require their own local entity and terms.
Restricted for the stated service: United States, Malaysia, Thailand
Country guide reference
Vietnam
BrokerChooser includes this broker in its Vietnam low-spread CFD guide and describes its listed brokers as available in Vietnam.
Country-guide reference for the broker brand. Check the serving entity and account at registration; the listing alone does not establish local regulatory permission or access to every product.Reference: BrokerChooser · checked 2026-10-20 ↗
Conflict: table $100; FAQ no minimum.Published terms differScope: International account page; regional and legal-entity conditions varySource: tmgm.com · checked 2026-10-17 ↗
Payment methods
Australian FAQ: no broker deposit/withdrawal fee generally; bank fees apply and e-wallet withdrawal fees may apply without trading. Other entities require confirmation.Scope: Trademax Australia / Australian FAQ onlySource: tmgm.com · checked 2026-10-17 ↗
Withdrawal methods
en-in help: own-name bank account; card-funded accounts withdraw through International Bank Wire / Bank Wire Global in the card bank's country.Limited source coverage — see scopeScope: TMGM en-in help centre only; other entities may differSource: tmgm.com · checked 2026-10-17 ↗
Withdrawal conditions
Help centre: review within 24 hours, remittance on business days; minimum $100 equivalent, balance-under-minimum exception subject to channel limits. Own-name source matching required.Scope: TMGM en-in help centre; confirm applicability to your entitySource: tmgm.com · checked 2026-10-17 ↗
Not yet verified · 1
Account details
What remains unresolved
Minimum deposit conflict remains ($100 comparison versus no-minimum FAQ).
Withdrawal terms are region-specific; international entity fee schedule still requires confirmation.
Public entity names verified; individual contracting entity must be confirmed from the account agreement.
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