HomeBroker ReviewsTMGM ReviewNorth Macedonia
Joseph Oloo
Written by
Alia Mehmood
Fact checked by
📅
Updated
July 2026
🌍
Country
North Macedonia
Live account tested
Broker Review · North Macedonia 2026

TMGM Review 2026 – A Comprehensive Look for North Macedonia Traders

TMGM is a solid choice for North Macedonia traders seeking a globally regulated broker with competitive spreads and a low $100 minimum deposit. While it lacks local regulation and copy trading, its support for Skrill, USDT, and bank transfers makes funding easy. The Islamic account is a plus for Muslim traders, but the absence of cTrader and TradingView limits platform choice.
Regulated: ASIC
Min Deposit: $100
Score: 3.3/5
Islamic: Yes
3.3/5
★★★★★
Overall Score
Regulation
5.0
Spreads
3.4
Platforms
4.0
Deposits
4.5
Support
4.5

PROS for North Macedonia Traders

  • Low minimum deposit of $100 makes it accessible for North Macedonia retail traders.
  • Supports local payment methods like Skrill and USDT for fast deposits and withdrawals.
  • Offers a genuine Islamic (swap-free) account for Muslim traders in North Macedonia.
  • Regulated by top-tier ASIC, providing a high level of security and fund segregation.
  • Competitive spreads and high leverage up to 500:1 for forex pairs.

CONS for North Macedonia Traders

  • Not regulated by North Macedonia's local financial authority, so no local investor protection.
  • Limited platform choice – no cTrader or TradingView, only MT4 and MT5.
  • No copy trading feature, which is popular among beginner traders.
  • Educational materials are only in English, with no Macedonian language support.
  • Customer support is not available 24/7 and lacks local phone support.
📅
2013
Founded
📍
Australia
HQ
💵
$100
Min Deposit
📊
3.3/5
Score
Table of Contents
  1. Overview
  2. Regulation & Safety
  3. Spreads & Costs
  4. Account Types
  5. Trading Platforms
  6. Deposits — North Macedonia
  7. Islamic Account
  8. Instruments & Markets
  9. Education & Research
  10. Customer Support
  11. Security & Fund Protection
  12. User Reviews & Ratings
  13. Latest News 2026
  14. vs Competitors
  15. Final Verdict
  16. FAQ
📋

TMGM Overview for North Macedonia

TMGM (Trademax Global Markets) is a forex and CFD broker founded in 2013 and headquartered in Sydney, Australia. With a global presence and over 2 million registered clients, it has grown into a well-known brand in the retail trading space. For North Macedonia traders, TMGM offers a compelling mix of low minimum deposit ($100), high leverage up to 500:1, and support for both MT4 and MT5 platforms. The broker is regulated by ASIC (Australia) and VFSC (Vanuatu), which adds a layer of credibility. While it does not hold a license from North Macedonia’s local financial authority, its international regulatory standing and long operating history make it a viable option for local traders. TMGM also supports local payment methods like Skrill and USDT, making deposits and withdrawals easier for Macedonian users. The broker is particularly suitable for retail forex traders who want tight spreads and fast execution without needing advanced platforms like cTrader or TradingView.

DetailInformation
Founded2013
HeadquartersAustralia
Regulated byASIC,VFSC
Min Deposit$100
Max Leverage1000
PlatformsMT4, MT5
Islamic AccountAvailable
Copy TradingNot available
Demo AccountAvailable
🛡️

Regulation & Safety — Is TMGM Safe for North Macedonia?

Segregated Client Funds
Yes
Negative Balance Protection
Yes
Top-tier Regulation
Yes
Live Chat Support
Yes
Safety verdict for North Macedonia traders
Always verify TMGM's regulation at the official regulator website before depositing.
📉

Spreads & Trading Costs 2026

Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
InstrumentTypical SpreadCommission/LotAll-In CostStandard Spread
EUR/USDCheck brokerVariesVariesCheck broker
💼

Account Types for North Macedonia Traders

Standard Account
No Commission
Min Deposit$100
EUR/USD Spreadfrom Check broker
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$100
EUR/USD Spreadfrom Check broker
CommissionVaries
IslamicCheck broker
PlatformsMT4/MT5
FeatureAvailable
Demo AccountYes
ECN/Raw AccountYes
Islamic (Swap-free)Yes
Scalping AllowedYes
Hedging AllowedYes
Expert Advisors (EA)Yes
Copy TradingNo
📱

Trading Platforms Available

📊
MetaTrader 4
MT4
Available
iOS · Android · PC
📈
MetaTrader 5
MT5
Available
iOS · Android · PC
🔷
cTrader
ECN platform
Not available
📺
TradingView
Best charts
Not available
North Macedonia tip — Best platform for local traders
TradingView works great on mobile internet connections due to its web-based architecture. MT4 is the most widely supported platform with the most educational resources available online.
💳

Deposits & Withdrawals — North Macedonia Guide

USDT TRC20
Buy on Binance P2P — transfer to broker
Instant
Skrill
Fund via local exchange — transfer
Instant
Neteller
Fund via local exchange — transfer
Instant
Bank Wire
International transfer (may be restricted locally)
1-5 days
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Instant
North Macedonia deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
☪️

Islamic Account — North Macedonia Muslim Traders

TMGM offers a genuine Islamic (swap-free) account for Muslim traders in North Macedonia who wish to trade without earning or paying interest (Riba). This account is available on both Standard and ECN account types, and it is completely swap-free on all instruments. There are no hidden fees or additional spreads for holding positions overnight. To apply, North Macedonia traders need to register a live account first, then contact TMGM support via live chat or email to request the swap-free conversion. The request is usually processed within 24 hours. It is important to note that the Islamic account is available for all trading instruments, including forex, indices, and commodities. However, some brokers restrict swap-free accounts to certain instruments, but TMGM does not. This makes it a good option for observant Muslim traders in the region.

FeatureDetails
Islamic Account AvailableYes
Swap FeesNo swap fees
Hidden Admin FeesVerify with broker before trading
How to ApplyContact support after opening standard account
Approval TimeUsually same business day
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
📊

Instruments & Markets in North Macedonia

Asset ClassExamplesAvailableTypical Spread
Forex Major PairsEUR/USD, GBP/USD, USD/JPYAll availableCheck broker
Gold (XAU/USD)Spot GoldAvailable
Silver (XAG/USD)Spot SilverAvailableCheck broker
Oil CFDsWTI Crude, Brent CrudeAvailable$0.03–$0.05
Stock IndicesS&P500, NASDAQ, DAX, FTSEAvailable0.40 pts
Crypto CFDsBTC, ETH, XRP, SOLAvailableCheck broker
Shares CFDsApple, Tesla, AmazonAvailable0.02%
Most popular instruments for North Macedonia traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among North Macedonia traders.
🎓

Education & Research Tools

Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Economic Calendar
4.5
Daily Market Analysis
4.0
Trading Signals
3.8
Demo Account
Yes
Tip for North Macedonia traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬

Customer Support — North Macedonia Review

Fast
Live Chat Response
2-4 hours
Email Response
24/5
Availability
Support verdict for North Macedonia
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
⚠️

Common Mistakes North Macedonia Traders Make with TMGM

  • Mistake: Not verifying TMGM’s ASIC license on the official register before trading. Always check the AFSL number 436089 to ensure the entity is active.
  • Mistake: Using a bank transfer for small deposits (under $200) – the processing time is longer and fees may eat into your capital. Use Skrill or USDT for faster, cheaper transfers.
  • Mistake: Ignoring the swap rates on standard accounts when holding positions overnight. If you are a Muslim trader, request the Islamic account to avoid interest charges.
🔍

TMGM vs Competitors in North Macedonia

BrokerMin DepositEUR/USDIslamicTradingViewScore
TMGM (current)$100Check brokerYesNo3.3
Pepperstone$00.09 pipsYesYes4.9
IC Markets$2000.02 pipsYesNo4.8
Exness$100.10 pipsYesNo4.8
🔒

Security & Fund Protection — TMGM

Yes

Segregated Funds

Client funds held separately from company funds
Yes

Negative Balance Protection

You cannot lose more than you deposit
Yes

Top-tier Regulation

FCA, ASIC, or equivalent oversight
Fund safety verdict for North Macedonia traders
TMGM segregates all client funds and is regulated by top-tier authorities.

TMGM User Reviews & Ratings

Trustpilot Rating

3.3
★★★★★
Based on 928 reviews
Read on Trustpilot

CompareBroker Expert Rating

3.3
★★★★★
Based on 50+ data points tested by our team
Independently verified

What traders love

+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support

Common complaints

- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
📰

TMGM Latest News & Updates 2026

Platform
July 2026
TMGM expands TradingView integration
TMGM has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Regulation
June 2026
TMGM maintains top-tier regulatory status
TMGM continues to hold its regulatory licenses, ensuring client fund protection for North Macedonia traders.
Product
May 2026
New instruments added for North Macedonia traders
TMGM has added new trading instruments including additional forex pairs and commodity CFDs.

Final Verdict — Is TMGM Worth It for North Macedonia Traders?

3.3/5
★★★★★

TMGM is a reliable broker for North Macedonia traders who prioritize low costs, flexible funding, and a regulated environment. With a $100 minimum deposit, support for Skrill and USDT, and a genuine Islamic account, it caters well to local retail forex traders. The ASIC regulation adds a layer of trust, though the absence of local oversight means traders must rely on international protections. The main drawbacks are the limited platform selection (no cTrader or TradingView) and the lack of copy trading. Overall, TMGM is best suited for independent traders who use MT4 or MT5 and want tight spreads. If you are a beginner looking for copy trading or advanced charting tools, you may want to consider other options. For most North Macedonia traders, TMGM offers a solid balance of cost, regulation, and accessibility.

Open TMGM Account

FAQ — TMGM for North Macedonia Traders

Is TMGM safe for North Macedonia traders?+
How can I deposit money in TMGM from North Macedonia?+
Does TMGM have Islamic account?+
What is the minimum deposit for TMGM in North Macedonia?+
What trading platforms does TMGM offer?+
Is TMGM regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
Open TMGM Account
Regulated · North Macedonia
Risk Warning: 74-89% of retail accounts lose money.
Quick Facts
Score3.3/5
RegulationASIC · VFSC
Min Deposit$100
Max Leverage1000
Founded2013
IslamicYes
TradingViewNo
MT4/MT5Both
Copy TradingNo
Similar Brokers
CM
CMC Markets
Review
IG
IG
Review
PE
Pepperstone
Review
AV
AvaTrade
Review
PL
Plus500
Review
TI
Tio Markets
Review
VA
Vantage
Review
EQ
Equiti
Review
TI
Tickmill
Review
IC
IC Markets
Review
Compare TMGM
vs Pepperstonevs IC Marketsvs Exnessvs XM Group
More North Macedonia broker guides
Best TradingView Brokers for CFD TradingBest Low Cost Stock BrokersHedging Allowed BrokersEA / Automated Trading BrokersCopy Trading BrokersFixed Spread BrokerscTrader BrokersPAMM Account BrokersMicro Account BrokersStandard Account Brokers
Related guides for North Macedonia traders
Stable Spread BrokersTrading Gold BrokersIslamic Account BrokersForex Micro Account BrokersZero Spread BrokersECN BrokersForex Demo Account BrokersBest Options Brokers with Demo AccountBest Brokers for US Stocks Global InvestorsBest MetaTrader 4 Brokers for CFD Trading