TMGM — United Arab Emirates
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
- 1 pipsgroup
This broker against the United Arab Emirates middle (40 of 76)
| TMGM | United Arab Emirates median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | within 24 hours for e-wallets; bank transfers take 2-5 business days hgroup | 36.0 h |
| EURUSD, standard | 1 pipsgroup | 1.0 pips |
| EURUSD, raw | 0 pipsgroup | 0.0 pips |
| Established | 2013group | 2009.0 |
| Platforms | 4 | 3.0 |
Accepts residents of United Arab Emirates
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
UAE retail clients are onboarded under the offshore arm Trademax Global Ltd (Vanuatu), not a local UAE entity.
Cost against the United Arab Emirates median (40 of 76)
raw+commission
Distributions across the base
Round-turn cost, USD (40 of 76)
Median 7.0 · Range 3.0–14.0 USD
Minimum deposit, USD (18 of 76)
Median 50.0 · Range 0.0–10000.0 USD
Accounts
Classic (commission-free), Edge (raw-spread + commission) and IRESS; min deposit USD 100 (IRESS USD 5,000).
Withdrawal time and methods
Rating, and how many people left it
Looking at 196 reviews
Software and market access (4)
MT4 · MT5 · IRESS · TMGM mobile app
12,000+ instruments: forex, share CFDs, precious metals, energies, indices and crypto CFDs.
The tax side in United Arab Emirates
0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026); individuals keep full trading profit. Corporate tax of 9% applies to business profits above AED 375,000 (since June 2023), but a 'Qualifying Free Zone Person' in DIFC/ADGM/DMCC can qualify for 0% on qualifying income. Traders operating as a business/company
Arguments for, arguments against
Pros (2)
- Swap-free account available
- Withdrawal published at within 24 hours for e-wallets; bank transfers take 2-5 business days h
Cons (3)
- Round turn 7.0 USD against a United Arab Emirates median of 7.0
- No local licence: the client is onboarded by a foreign entity
- Minimum deposit for this country not published
Other brokers that onboard United Arab Emirates residents (6)
Where it does not serve
United States, Canada, Hong Kong, Japan, Iran, Syria, Cuba, Sudan, Belarus, Russia, Singapore, United Kingdom
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
- tmgm.com/en/about/why-choose-tmgm page
- wikifx.com domain
- brokerchooser.com domain
FAQ (5)
Does TMGM accept residents of United Arab Emirates?
Through an offshore entity.
Which entity onboards a United Arab Emirates client of TMGM?
Trademax Global Ltd
What licence does TMGM hold for United Arab Emirates?
Licence 40356.
What does one EURUSD lot cost at TMGM?
7.0 USD per round turn against a United Arab Emirates median of 7.0 USD, measured on 40 of 76 brokers.
How long does a withdrawal from TMGM take?
within 24 hours for e-wallets; bank transfers take 2-5 business days hours as published. Withdrawals to e-wallets are usually processed within 24 hours