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TMGM regulation and how it scores

Regulation carries the heaviest weight in the score, which is why it is scored first. Here is TMGM's licensing and the protections behind it.

Facts last checked . Read the full TMGM review.

Regulation and safety

Regulated by
ASIC (AFSL 436416); VFSC (40356); Seychelles FSA (SD224); Mauritius FSC (GB22201012)
Regulator tier
Tier 1
Register entry
ASIC Professional Registers, AFSL 436416
Client money segregated
Yes
Held at
National Australia Bank (NAB)
Negative balance protection
Yes, international entity; Australian clients should contact TMGM if an account becomes negative
Compensation scheme
No statutory investor compensation scheme
Audited by
Independent external auditors
Not available to
United States, Malaysia, Thailand and jurisdictions where services would contravene local laws

Check the licence yourself: ASIC Connect, the Seychelles FSA list of regulated entities, the Mauritius FSC register of licensees.

What this means

Regulation carries the heaviest weight in the score, which is why it is scored first.

TMGM holds a tier-one authorisation from ASIC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (VFSC, FSC and FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

Vanuatu's VFSC is an offshore licence with limited oversight and no compensation scheme. It is often the entity that offers the highest leverage.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Client money is held separately from the firm's own money, at National Australia Bank (NAB). That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by No statutory investor compensation scheme, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about TMGM regulation

Is TMGM tier-one regulated?

TMGM's strongest licence is recorded as Tier 1.

Who regulates TMGM?

TMGM is regulated by ASIC (AFSL 436416); VFSC (40356); Seychelles FSA (SD224); Mauritius FSC (GB22201012).

Does TMGM offer negative balance protection?

Yes. TMGM offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Regulation at brokers under the same regulator

More about TMGM