Updated May 13 2022
Overview | |
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IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account. |
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 | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1974 | 2013 |
💳 Minimum Deposit | |
0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards. |
$, -100 |
💰 Payment Methods | |
💵 Account Base Currencies | |
6 - AUD, EUR, GBP, HKD, SGD, USD. | 6 - EUR, USD, GBP, AUD, NZD, CAD |
🗽 Available to U.S Citizens | |
Yes (excluding CFDs) | No |
❌ Restricted Countries | |
SY, IR. | US. |
📊 STP Account | |
No | Yes |
📊 DMA Account | |
Yes | Yes |
📊 ECN Account | |
Yes | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks |
12,000+ |
📘 Currency Pairs | |
210 | 55 |
📗 Commodities | |
37 | 6 |
📕 Indices | |
76 | 15 |
📔 ETFs | |
2,000 + both CFDs and real ETFs | N/A |
💸 Cryptocurrencies | |
15 | 12 |
📒 Bonds | |
19 | N/A |
📓 Options | |
Availability only for select countries. | N/A |
📗 Futures | |
Several contracts in commodities and indices with various expiration dates. |
N/A |
📝 Notes: | |
IG provides both CFD trading and real equity. US traders cannot trade CFDs. |
All of TMGM's assets are CFDs |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | 1 Share |
📉 Minimum ETFs Trade Size | |
1 ETF | N/A |
📈 Minimum Crypto Trade Size | |
0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins) |
Varies per Cryptocurrency (Eg: 0.01 BTC) |
📉 Minimum FX Trade Size | |
1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units) |
$1,000 (0.01 lots) |
📈 Minimum Commodities Trade Size | |
1 Contract | Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil) |
📉 Minimum Bonds Trade Size | |
1 Contract | N/A |
📈 Minimum Futures Trade Size | |
1 Contract | N/A |
📉 Minimum Options Trade Size | |
Varies per option (usually 1 contract) | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:500 |
💪 Professional Leverage | |
Up to 1:500 | Up to 1:500 |
✍ Customisable Leverage | |
No | Yes |
🎲 Deleveraged Trading | |
No | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | Yes |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | No |
💻 Proprietary Platform | |
Yes | No |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
Yes | No |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
After 24 months of inactivity, IG charges an $18 monthly fee. |
$30 fee if there is no activity for 6 months or if the account balance falls below $500. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out. |
Yes, from $3.5 per lot round turn |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.9 Pips | Dynamic - From 0 pips |
📉 SP500 | |
Dynamic - From 150 Pips | Dynamic - From 30 Pips |
📈 GOLD | |
Dynamic - From 50 Pips | Dynamic - From 11 pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $1.03 | Dynamic - From $0.48 |
📈 XLK (ETF - CFD) | |
Dynamic - From 0 Pips | N/A |
📉 BTC | |
Dynamic - From $140 | Dynamic - From $32 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | Yes |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
Yes | No |