Forex Brokers

Impersonation of Trademax Australia Limited (tmgmsvip.com)

1.6 (11 reviews)
🇦🇺 Australia
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1.6
11 reviews
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About Impersonation of Trademax Australia Limited (tmgmsvip.com)

Impersonation of Trademax Australia Limited (tmgmsvip.com) has been flagged by ASIC (Australia) for "Imposter". Phones: 61483908151

Addresses: 151 Queen Street Auckland CBD Auckland 1010 New Zealand; 1276 Kumul Highway Port Vila Vanuatu Republic of Vanuatu; 33 Edith Cavell Street C/o IQ EQ Fund Services This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: tmgmsvip.com.

Customer Reviews

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Tax documents wrong every year

J
Jessica B.
1 months ago

I joined Impersonation of Trademax Australia Limited (tmgmsvip.com) from a blog post comparing services and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.

Pros: Good analytical tools|Fast deposits|Excellent charting

Cons: Inactivity fee applies after 12 months

They deleted my negative review

V
Victoria S.
1 months ago

Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Impersonation of Trademax Australia Limited (tmgmsvip.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.

Pros: Multi-currency support|Regular updates|High security standards

Cons: No crypto staking|Limited cryptocurrency options

Same issues as parent brand

A
Aiden X.
3 months ago

The reporting at Impersonation of Trademax Australia Limited (tmgmsvip.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: Fast support response|Demo account available|Smooth onboarding|Multi-currency support

Cons: No crypto staking|Minimum deposit could be lower

Save yourself the trouble

J
Jake O.
3 months ago

I signed up with Impersonation of Trademax Australia Limited (tmgmsvip.com) after comparing multiple platforms and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Excellent charting|API access|Clean UI|Tax reports included

Cons: Live chat only during business hours

A company that does not deserve your trust

W
William I.
6 months ago

The only good thing about Impersonation of Trademax Australia Limited (tmgmsvip.com) is that they remind you why regulation matters. I found them through a podcast recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.

Pros: Full transparency|Clear documentation

Cons: Minor UI glitches occasionally|Nothing significant

Rejected my profitable withdrawal

C
Charles G.
7 months ago

Do not use Impersonation of Trademax Australia Limited (tmgmsvip.com) for anything serious. I used them for about five months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Fast execution|Low minimum deposit|Excellent charting|Wide product range

Cons: Cannot customize dashboard fully

They have truly outdone themselves in incompetence

O
Olivia B.
7 months ago

The onboarding at Impersonation of Trademax Australia Limited (tmgmsvip.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.

Pros: Clear documentation|Excellent charting|Risk management tools

Cons: Onboarding videos are outdated|Currency conversion fee exists

Withdrawal limits are a trap

E
Elizabeth B.
7 months ago

I wanted to transfer my portfolio from another broker to Impersonation of Trademax Australia Limited (tmgmsvip.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Regular platform improvements|Two-factor authentication|Wide product range

Cons: Search feature is basic

Web platform does not work on Safari

Z
Zoe Y.
8 months ago

Impersonation of Trademax Australia Limited (tmgmsvip.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.

Pros: Good analytical tools|Wide product range|Multi-currency support|High security standards

Cons: Spreads widen during volatile periods

This company needs to be investigated

M
Maria A.
9 months ago

I requested my data from Impersonation of Trademax Australia Limited (tmgmsvip.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Pros: Transparent fees|Automated trading options

Cons: Limited demo account features