TGMFX Review: A Shady Broker (


Share This!

An obvious scam, TGMFX is an offshore broker with all the tell-signs of a fraudulent platform. We begin this review with their URL, which shows that this is probably an unregistered site. The platform has all the hallmarks of today’s online scam brokers. With shoddy brokerage, you expect to find several complaints regarding withdrawal. TGM FX is no different as trading forums are filled with complaints from users. That’s why we must expose this platform to avoid further repercussions.

TGMFX Review

A genuine way of making reasonable profit margins is by using credible brokers. Thanks to having a reliable broker, you stand a chance of earning legit profit. With proven experts, you trade knowing that your funds are safe. It’s why experts recommend brokers that offer fair and transparent trading conditions. Become the next successful trader by joining leading and trustworthy brokers. It’s your time to make a mark in the online trading world.

A Brief Overview of TGMFX

On their about us page, the broker spills the beans by claiming that they are a leading broker. They go ahead and claim that the broker resides in the Marshall Islands. One issue with this region is that it doesn’t have strict regulatory rules.

That’s the reason brokers that want to cut the line choose this region. Claims that they have offices in Asia, Australia, Europe, and Latin America are false. No one in these regions has heard about this platform.

Opening an account is easy with this broker; you need to fill in your name and address. What made us question this platform is the validation part. You have to send your personal details such as passport and credit card number.

We immediately knew that this is a scam platform targeting unsuspecting investors. It’s our duty to expose this platform to avoid naïve investors from falling into this scam.

Affiliate partnership

If you are an affiliate marketer, the broker does not see payments through. Affiliate marketers in Europe recently blacklisted the broker. Victims are now turning to these affiliates for directing them to a scam.

👉 Do you want to make money with a stable crypto investment platform that generates sustainable yields on investment? Get this: you can now make a steady profit margin thanks to a new innovative way of investing. YieldNodes is the answer you need to start making a decent profit with cryptocurrency investment. A multi-tiered node rental program is what Yield nodes is bringing to the table. Master-noding is the avant-garde of generating high ROI thanks to the ingenious of Stefan Hoermann and his team. With master-noding, you invest and let the platform do the rest for you. What is master-noding? It’s a new way of generating revenue by providing technology that relies on a proof of stake approach. Yieldnodes operates these crypto master-nodes and optimizes complex strategies to ensure members earn a profit. Yield Nodes will prioritize your security by providing accurate investment options. Members get protection from external losses or unforeseen changes in market conditions. This is not in any way a get rich quick scheme; once you deposit funds; you have to wait for the yields to mature. Yieldnodes is providing a proven, innovative, and secure way of making high returns on your investment with crypto master-noding.  With just a minimum deposit of €500, you are good to go! With a minimum contract duration of four months, it gives users a chance to fully experience master-noding. By joining Yieldnodes, you stand a chance of making 5 to 15% every month.  If you are still wondering whether this is a safe option, you can cancel the contract at any given time. For those who want to join and upgrade their investment strategy, Yield Nodes is the solution.Click Here To Sign up with Yieldnodes Today

PS: YieldNodes is 100% Verified and Recommended by

With the broker failing to meet their obligation, we fear the website might shut down. If that happens, no one will have the chance to withdraw their funds. The broker will shut down without informing members.

Assets and trading instruments

There are six assets to trade within the platform. These assets include CFDs, commodities, CFDs, Forex, Indices, and Shares. Other free services to get include educational materials and SMS signals.

TGM FX Assets and Trading Instruments

Please note that the learning materials are from leading websites, including Wikipedia. The broker tries to appear professional, but their free education feature is a burst. You can easily get free trading courses via other trusted websites.

Awards and accolades TGM FX

The disclaimer at the footer of their homepage has several awards. Please note that these awards are logos. If the award were real, the broker would have their name on the logo. These are attempts trying to showcase the platform’s legitimacy.

The awards date back to 2016, and the broker’s website didn’t exist then. These scam artists will try and use every trick in the book to fool investors. That’s why we urge you to stay away from them.

Business owner

Safe Tech global Limited is the company claiming to own this platform. There is not even one single name on the platform mentioning the CEO or CFO of this company. A closer look at the Company Registrar shows no such website exists.

This means we are dealing with an anonymous trading platform. Members who deposit funds are throwing away their money. The problem is, no one can help with the recovery of funds.

Domain background and history ( review)

Their IP location is in Germany, which is likely their place of residence. Their contact details have a UK phone number which we believe is a virtual line. Scam websites turn to virtual phone numbers to attract users from that area code.

The domain checker tool shows that the website has been running for over a year. We do have the registrant’s name, Steve Miller. However, this could probably be a pseudonym these scam artists are using.

Features of TGMFX

Account types

TGMFX License and Registration

TGMFX furnishes users with three accounts. These accounts include Standard, Silver, and Gold. The broker also targets our brothers and sisters from the Islamic faith. Standard account holders will have to deposit $250 to start trading with this platform.

The leverage for these accounts starts at 1:400. Gold account members have a maximum leverage of 1:500. The broker clearly flaunts regulations that cap maximum leverage to 1:30.

Bonus after depositing

There’s a welcome bonus you get once you deposit funds with this platform. Newbies might see this as an incentive to sign up and deposit more money. And that’s the idea behind it, as the scam broker wants you to deposit as much as you can. The broker promises up to $6,000 in bonus amounts.

BEWARE as this is a well-calculated move that ensures that you won’t withdraw funds. Before allowing any withdrawals, you must pay back the bonus with a new deposit amount.

Demo account

The broker also offers a demo account to users. The demo account seems off as you get 9 out of 10 winning trades. Members click on your estimate, and the demo account works in your favor by providing positive results.

It will make you appear to be winning with the demo account, which will drive you to open shop. That’s the biggest mistake, as the demo account does not come close to actual trading.

Payment options

There are several payment options available on the platform. These include bank and wire transfers. We did not see any crypto depository option or wallet. Depositing is easy, and the process takes less than five minutes to complete.

Withdrawing funds with this platform remains the biggest hurdle facing members. No one has made any withdrawals since the platform’s inception.

Trading platform

Although the broker claims to offer a custom-made trading platform, we reserve our comments on custom platforms, but we highly recommend MT4, MT5, and SIRIX platforms. That’s the only true way of trading as these terminals offer advanced trading tools.

Is TGMFX Licensed or Registered? license and registration status

TGMFX is not a legit trading platform as they don’t have a trader’s license from regulators. There’s no way an offshore broker will pass the strict regulations set by regulators. An excellent example is Europe, where brokers must deposit a minimum capital requirement with authorities. The amount is used as a security cover for deposits made by clients.

Safety of funds with TGMFX

There’s no safety of funds with a platform that doesn’t have a valid license. Segregation of accounts is out of the question. We believe that the broker is redirecting all funds to their personal account.

A huge issue with such a broker is that there’s no security cover. It’s possible the broker won’t insure deposits as dictated by trading regulations.

Scam or Legit

TGMFX is a scam, and the people behind it don’t want investors to know about it. The broker is anonymous and tries to hide behind this platform. Once you deposit funds, it’s the last you will hear from the broker.


TGMFX Trading Platform

We won’t recommend an anonymous broker with a suspicious URL. Please stay away from TGM FX or risk losing your entire deposit.

For a chance to trade with a clear conscience, use dependable brokers with a proven track record. These brokers will safeguard your interest at all costs.

We wish everyone a happy and prosperous trading experience.

If You’d Like to Get Notified When This Site is Updated, Subscribe Below…

Add comment


Recent Posts

Recent Comments