FP Markets Vs. TMGM - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74.34% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
FP Markets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.	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
Professional traders looking for DMA pricing on their stocks Professional traders looking to set up a dedicated VPS High volume share traders that benefit from DMA pricing	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 1 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
ASIC (Australia) CySec (Cyprus) FSA (St. Vincent and the Grenadines)	ASIC (Australia) FMA (New Zealand) VFSC (Vanuatu)
The Good
Competitive spreads From 0 pips MT4 and MT5 offered Over 10,000 + shares	High and flexible leverage No deposit or withdrawal fees Supports Expert Advisors (EAs), hedging and news trading
The Bad
No ETFs are offered Stock trading commissions are expensive when compared to similar brokers Website is slow and confusing Fees for the majority of deposit and withdrawal methods	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
2005	2013
💳 Minimum Deposit Range
$100	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal Neteller Skrill FasaPay PayTrust China Union Pay Bpay Broker to broker Sticpay Plusdebit Rupee Payments Dragonpay Perfect Money Paylivre Rapyd Finrax Fairpay	Bank Transfer Credit cards Debit cards FasaPay Neteller RMB Instant Revolut Paytrust Skrill Sticpay UnionPay Wise
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.	6 - EUR, USD, GBP, AUD, NZD, CAD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, JP, BE, NZ, SY.	US.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
10,403	12,091
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
10,000	12,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
63	55
📗 Commodities
0	0
📗 Commodities CFDs
15	6
📕 Indices
0	0
📕 Indices CFDs
17	15
📔 ETFs
0	0
📔 ETFs CFDs
295	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
11	15
📒 Bonds
0	0
📒 Bonds CFDs
2	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Variable	1 Share
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
Unavailable	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
Varies by Commodity (Eg: 0.01 Troy ounces of Gold)	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
500	Unavailable
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	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
None	$30 fee if there is no activity for 6 months or if the account balance falls below $500.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.	None
💰 Commissions
No commission on their Standard Account $3 per side (lot) commission on their RAW Account	Yes, from $3.5 per lot round turn
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips	Dynamic - From 0 pips
📉 SP500
Dynamic - From 40 to 60 Pips	Dynamic - From 30 Pips
📈 GOLD
Dynamic - From 0 to 31 Pips	Dynamic - From 11 pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - From $0.48
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $9 to $21	Dynamic - From $32
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	No
📡 Video Tutorials
Yes	No
📡 Account Management
Yes	No
📡 Webinars
Yes	No