TMi Markets Review · 2026

What is TMI Markets?

TMI Markets is a trading brand linked to EXO Broker AG, a company associated with Fomboni, Comoros. Public records place the business activity around 2022. The firm is identified in FXSharp's prior research as a multi-asset operation rather than a conventional regulated forex brokerage. Its former product range included forex, cryptocurrencies, stocks, commodities, indices, exchange-traded funds, metals, bonds, and energy products.

The current web presence differs from the former trading operation. On September 22, 2026, tmimarkets.com displayed a Namecheap registration and auction page instead of a functioning broker website. That means current account opening, trading conditions, customer support, and legal disclosures cannot be checked through an operating TMI Markets site. Historical product descriptions should therefore not be treated as current account terms.

Is TMI Markets regulated? Verification check

Regulation is the main issue in the current TMI Markets record. EXO Broker AG previously appeared in the Mwali International Services Authority, or MISA, verification system under license T2022131. The MISA record lists an issue date of September 20, 2022 and a license end date of February 20, 2025. The prior FXSharp data therefore classifies the current regulation status as unregulated.

The Czech National Bank (CNB) published a warning concerning the TMI Markets investment platform on March 11, 2025. CNB stated that EXO Broker AG had no authorization to provide investment services in the Czech Republic. It also stated that the company held no other Czech financial-market authorization (source: Czech National Bank, 2025-03-11). CNB added that investments through the platform were not protected by Czech statutory investor protection.

No active major-market financial-services authorization was verified in FXSharp's prior research. The expired Mwali authorization does not provide an active basis for describing the current brand as regulated. Current regulatory status should therefore be checked against the legal entity, license number, and regulator register rather than historical marketing claims.

What trading platforms are currently verifiable?

Trading-platform availability is currently not verifiable from an operating official website. FXSharp found no confirmed MetaTrader 4, MetaTrader 5, cTrader, or proprietary platform. MetaTrader is also treated as unverified, with no verified server name or server country. Historical platform references cannot establish current access after the official domain stopped functioning as a broker site.

A trading platform is the software used to place orders, view prices, and manage positions. Platform verification matters because cloned interfaces can use familiar branding without belonging to a licensed financial firm. A current server name, platform provider record, and legal-entity disclosure would be needed before treating any TMI Markets trading terminal as verified.

Red flags and warning signs

Red flags are verifiable conditions that increase the amount of due diligence required. TMI Markets has several documented conditions in the current record. The former MISA license T2022131 reached its stated end date in 2025. CNB then warned that EXO Broker AG lacked Czech authorization for investment services.

• The former Mwali license lists an end date of February 20, 2025.
• CNB published its investment-platform warning on March 11, 2025.
• The official domain currently shows a domain-registration page rather than trading services.
• No current trading platform, fee schedule, account terms, or funding rules are verifiable.
• No active major-market financial-services license appears in FXSharp's research.

These findings do not establish a criminal allegation. They establish that the former licensing position and present website status do not support an active regulated-broker description.

Minimum deposit and account terms

The current minimum deposit is not disclosed on the current official site. The same applies to leverage, spreads, commissions, account types, and payment methods. A spread is the gap between the bid and ask price. Leverage means controlling a larger market position with a smaller amount of deposited margin.

Older third-party pages contain historical trading conditions, but those figures do not establish present terms. The current domain does not provide a client agreement or fee schedule that confirms them. FXSharp therefore leaves the minimum deposit, leverage, and spread unverified rather than carrying old figures forward.

Is the broker on any regulator warning lists?

The verified warning identified in the current review comes from the Czech National Bank. Its March 11, 2025 notice names the tmimarkets.com investment platform and EXO Broker AG. CNB said the company lacked permission to provide investment services or other financial-market activities in the Czech Republic (source: Czech National Bank, 2025-03-11).

The notice describes the platform as offering cryptocurrencies and investment instruments, including shares, commodities, forex, indices, ETFs, metals, bonds, and energy products. An ETF, or exchange-traded fund, is a security that holds a basket of assets. The warning is jurisdiction-specific, but it is a direct public record from a national financial supervisor.

What do user complaints say?

User-complaint evidence is too limited for this review to establish a reliable complaint pattern. FXSharp found no verified set of withdrawal, execution, pricing, or support complaints. Individual forum posts and isolated reviews therefore should not be presented as established facts. Aggregate feedback is also less informative when the underlying business website is no longer operating normally.

The stronger evidence comes from regulatory and domain records rather than anonymous comments. The expired MISA date, CNB warning, and present domain status can each be independently checked. Those records provide firmer information than individual satisfaction or complaint reports.

Withdrawal problems and current verification

Withdrawal conditions are currently not verifiable through an active TMI Markets client website. No current withdrawal schedule, processing timeframe, fee table, or payment-method list appears in FXSharp's research. No verified primary-source evidence in this review establishes a specific pattern of delayed or refused withdrawals. Claims about individual withdrawal disputes should therefore remain separate from documented regulatory findings.

Withdrawal verification normally requires the legal client agreement and payment policy in force when funds were deposited. It also requires the payment recipient's legal name and transaction records. Without those materials, historical withdrawal terms cannot be treated as current contractual conditions.

How to verify the license claim yourself

License verification starts with the legal entity rather than the trading brand. For TMI Markets, the relevant entity is EXO Broker AG, and the former Mwali license number is T2022131. The MISA verification record lists company number HY00922017 and an end date of February 20, 2025. A current license should show an active status, matching entity, matching domain, and an unexpired authorization period.

1. Search the regulator's official register for the exact legal entity, EXO Broker AG.
2. Match the license number T2022131 to the entity and website.
3. Check the issue, expiry, suspension, or termination fields rather than the license number alone.
4. Search national warning registers for the legal entity and tmimarkets.com.
5. Compare the regulator record with the company named in any deposit or account agreement.

A license number copied into a website footer does not by itself prove current authorization. The regulator's live record determines whether that authorization remains valid.

Where is the broker actually based?

FXSharp identifies Fomboni, Comoros as the headquarters location. CNB's warning gives EXO Broker AG an address on Bonovo Road, Fomboni Island of Moheli, Comoros Union. This aligns the legal operator with the offshore jurisdiction attached to the former MISA record. The current review does not verify an active regulated headquarters in the United Kingdom or European Union.

Headquarters and marketing locations should not be treated as equivalent. A company can advertise contact points in several countries without holding local investment-services authorization there. The regulatory question is whether the legal entity has permission from the supervisor responsible for clients in that jurisdiction.

Recovery options if you already deposited

Fund recovery is a documentation process when a trading relationship becomes disputed or inaccessible. Useful records include account statements, payment receipts, emails, chat logs, identity-verification requests, and the recipient bank or wallet details. These records can establish which legal entity received the payment and what contractual terms applied.

Possible channels depend on the payment method and country. They can include a card dispute, bank transfer recall request, complaint to a relevant financial supervisor, police report, or civil claim. A KYC check means identity verification required under know-your-customer procedures. Repeated KYC requests alone do not prove misconduct, so dates and written correspondence matter.

The former Mwali authorization does not provide the same investor-compensation framework associated with major European or UK regimes. CNB also stated that investments through the identified platform were not protected under Czech statutory arrangements. Recovery options therefore depend heavily on the payment route and applicable national law.

Should you avoid TMI Markets?

TMI Markets does not currently present the characteristics of an active regulated brokerage in the verified record. Its former MISA license T2022131 lists a February 2025 end date. CNB issued a warning the following month concerning EXO Broker AG's lack of Czech authorization. The official tmimarkets.com domain now displays a registration page rather than broker services.

Current platforms, account terms, deposits, spreads, leverage, withdrawals, and support channels also cannot be verified from an operating official site. That removes the primary documents normally used to evaluate a broker before funding. The relevant factual test is whether a current regulator register shows an active authorization for the legal entity serving the client.

Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.