eToro Vs. TMGM - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.	TMGM is an Australian broker specialised in financial derivatives known as contract-for-differences (CFDs). Operating since 2013, TMGM provides trading in forex, stocks, indices, cryptocurrencies and commodities.
Best For
New traders looking to use the copy trading feature Experienced traders looking to monetise their skills by gaining followers Passive investors looking to buy and hold shares with no commissions	Swing traders who can use high leverage Stock traders who do not have access or funds to trade with specialised brokers
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FCA (UK) ASIC (Australia) FSAS (Seychelles)	ASIC (Australia) FMA (New Zealand) VFSC (Vanuatu)
The Good
Social and Copy trading capabilities Trading real shares and cryptocurrencies	High and flexible leverage No deposit or withdrawal fees Supports Expert Advisors (EAs), hedging and news trading
The Bad
Copy Trading statistics are not clear enough Lack of advanced order placement controls	Only has financial derivatives (CFDs) Inactivity fee is tied to minimum account balance
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2007	2013
💳 Minimum Deposit Range
From $50 to $200	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Sofort Neteller Paypal Skrill	Bank Transfer Credit cards Debit cards FasaPay Neteller RMB Instant Revolut Paytrust Skrill Sticpay UnionPay Wise
💵 Account Base Currencies
1 - USD.	6 - EUR, USD, GBP, AUD, NZD, CAD.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM.	US.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	Yes
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
4,245	12,091
Exchange Access
0	0
📙 Real Stocks
2,000	0
📙 Stock CFDs
2,000	12,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
47	55
📗 Commodities
0	0
📗 Commodities CFDs
14	6
📕 Indices
0	0
📕 Indices CFDs
13	15
📔 ETFs
0	0
📔 ETFs CFDs
145	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
26	15
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
$10	1 Share
📉 Minimum ETFs Trade Size
$10	Unavailable
📈 Minimum Crypto Trade Size
$10	Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	500
💪 Professional Leverage
Unavailable	Unavailable
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
After 12 months of inactivity, a $10 monthly inactivity fee will be charged.	$30 fee if there is no activity for 6 months or if the account balance falls below $500.
💰 Deposit Fees
Conversion fees apply.	None
💰 Withdrawal Fees
$5 flat fee.	None
💰 Commissions
No commissions on real stocks and ETFs	Yes, from $3.5 per lot round turn
Spreads
📈 EUR/USD
Dynamic - From 1 Pip	Dynamic - From 0 pips
📉 SP500
Dynamic - From 75 Pips	Dynamic - From 30 Pips
📈 GOLD
Dynamic - From 45 Pips	Dynamic - From 11 pips
📉 TSLA (Stock CFD)
Dynamic - From 0.09%	Dynamic - From $0.48
📈 XLK (ETF - CFD)
Dynamic - From 0.09%	Unavailable
📉 BTC
Fixed - 1%	Dynamic - From $32
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	No
📡 Video Tutorials
Yes	No
📡 Account Management
No	No
📡 Webinars
No	No