TMGM — India
Key facts (8)
- Who actually onboards you
- Trademax Global Ltd
- Licence number
- 40356
- Established
- 2013group
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · IRESS · TMGM mobile app
- Local funding
- Cards (Visa/Mastercard/UnionPay), Skrill, Netell
- Max leverage
- 1000geo
- EURUSD
- not priced
This broker against the India middle (52 of 91)
| TMGM | India median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 6.0 USD |
| Min deposit, USD | no data | 30.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | 1 business day hgroup | 48.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | 0 pipsgroup | 0.0 pips |
| Established | 2013group | 2008.0 |
| Platforms | 4 | 3 |
Accepts residents of India
Through an offshore entity
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
Trademax Global Ltd
Offshore entity
Indian clients are onboarded under the offshore arm Trademax Global Ltd (Vanuatu); TMGM runs a localised en-in CFD site marketing to India.
Public rating and its base
Trustpilot|4.0 out of 5|908 reviews
Round turn against the local middle (52 of 91)
raw+commission
Getting money out
From the entry account upwards
Classic (commission-free), Edge (raw-spread + commission) and IRESS; min deposit USD 100 (IRESS USD 5,000).
Terminals, markets, instrument counts (4)
MT4 · MT5 · IRESS · TMGM mobile app
12,000+ instruments: forex, share CFDs, precious metals, energies, indices and crypto CFDs.
What works and what to watch
Pros (2)
- Swap-free account available
- Withdrawal published at 1 business day h
Cons (3)
- Round turn 7.0 USD against a India median of 6.0
- No local licence: the client is onboarded by a foreign entity
- Minimum deposit for this country not published
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
United States, Afghanistan, Belarus, Central African Republic, Cuba, Crimea, Democratic Republic of Congo, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, Sudan, South Sudan, Syria, Ukraine, Venezuela, Yemen, Zimbabwe
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
FAQ (5)
Does TMGM accept residents of India?
Through an offshore entity.
Which entity onboards a India client of TMGM?
Trademax Global Ltd
What licence does TMGM hold for India?
Licence 40356.
What does one EURUSD lot cost at TMGM?
7.0 USD per round turn against a India median of 6.0 USD, measured on 52 of 91 brokers.
How long does a withdrawal from TMGM take?
1 business day hours as published. processes all withdrawal requests within one business day