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TMGM in Mexico — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%50
- Round-turn cost20%90
- Safety20%0
- Payouts15%80
- Track record10%65
- Platforms10%no data
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Global offshore entity
- Founded
- 2013
- Retail leverage
- 1000MX
- Round turn
- 7 USDMX
- Currencies
- Not specified
- Swap-free account
- yes
Licence check
Open an account with TMGMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Mexico residents
- Global offshore entity
- Local standing
- Regulated offshore broker
- Licence as the register states it
- ASIC, VFSC, FSA, FSC
- Leverage for this entity
- Up to 1:1000
- The firm behind it
- Founded in 2013
- What we hold against it
- Notable fees data gap
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Mexican residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youRegulated offshore broker
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Mexico market median(priced from 71 of 75)
Medians run over the 71 of 75 brokers that publish a price for Mexico, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Classic, tailored accounts. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Cost calculator (median of 71 priced of 75)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a MXN conversion because the exchange rate is not part of our data.
Where TMGM sits in the Mexico base(75 brokers)
Round-turn cost, USD (71 of 75 priced)
Median 7 USD · range 1.5-20 · this broker 7 USD · 4 of 75 brokers do not publish it
Minimum deposit, USD (3 of 75 priced)
Median 50 USD · range 5-100 · 72 of 75 brokers do not publish it
Retail leverage (52 of 75 with a Mexico figure)
Median 1:1000 · range 50-10000 · this broker 1:1000 · 23 of 75 brokers do not publish it
Withdrawal time published (75 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
Not specified
- Account currency
- Not specified
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(24 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- TMGM App
Identical for every row: Min spread 1 · Leverage 1000 MX.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.0 | 5, 908 |
Share of reviewers in Mexico: — The platform does not publish it.
Pros and cons(4 for and 2 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 73 of 75 brokers here that publish a time
- Swap-free account available
- Round-turn cost 90 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, TMGM App
- No Mexico authorisation on file: the entity that onboards you is licensed elsewhere
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Mexico(5 of 75 scored in Mexico)
- Round turn, USD
- 6MX
- Min deposit, USD
- 100 groupMX
- Leverage
- 1000MX
- Rank in this country
- #11
- Round turn, USD
- 7MX
- Min deposit, USD
- 20 groupMX
- Leverage
- 300 group
- Rank in this country
- #4
- Round turn, USD
- 7MX
- Min deposit, USD
- 50 groupMX
- Leverage
- 500MX
- Rank in this country
- #7
- Round turn, USD
- 7MX
- Min deposit, USD
- 10 groupMX
- Leverage
- 2000MX
- Rank in this country
- #9
- Round turn, USD
- 6MX
- Min deposit, USD
- 100 groupMX
- Leverage
- 500MX
- Rank in this country
- #1
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Mexico score. Full methodology
| Axis | Weight | What is measured | TMGM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 65 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 65 |
FAQ
- Does TMGM accept residents of Mexico?
- No. Regulated offshore broker Onboarding entity: Global offshore entity
- Is TMGM licensed to serve clients in Mexico?
- ASIC, VFSC, FSA, FSC Checked on 11.10.2026.
- How much does one round turn cost at TMGM?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for Mexico is 7.0 USD.
- What leverage does TMGM offer to retail clients in Mexico?
- Up to 1:1000. leverageGeo: Up to 1:1000
- Which trading platforms does TMGM support?
- MT4, MT5, TMGM App. Instruments: Forex, indices, commodities, shares, crypto
- How can I withdraw money from TMGM in Mexico?
- Not specified
- What account types does TMGM offer?
- Classic and tailored accounts
- Does TMGM offer a swap-free (Islamic) account?
- Yes. TMGM offers a swap-free (Islamic) account to Mexico residents.
Taxes for a Mexican resident(1 rule)
- Trading gains are taxable in Mexico and should be reported to SAT.https://www.tmxgm.com/
Not tax advice. Check with the SAT.