Updated May 13 2022
Overview | |
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Nextmarkets is a german broker founded in 2014 that specialises in commission free stocks and ETFs trading through their proprietary platform which offers an expert advisory service via live coaches that suggest their trading ideas. |
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 0 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 | |
2014 | 2013 |
💳 Minimum Deposit | |
0 | $, -100 |
💰 Payment Methods | |
💵 Account Base Currencies | |
2 - EUR, GBP. | 6 - EUR, USD, GBP, AUD, NZD, CAD |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA, SY, IR. | US. |
📊 STP Account | |
No | Yes |
📊 DMA Account | |
Yes | Yes |
📊 ECN Account | |
No | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
8,000+ | 12,000+ |
📘 Currency Pairs | |
22 | 55 |
📗 Commodities | |
5 | 6 |
📕 Indices | |
5 | 15 |
📔 ETFs | |
1,000+ | N/A |
💸 Cryptocurrencies | |
4 | 12 |
📒 Bonds | |
1 | N/A |
📓 Options | |
N/A | N/A |
📗 Futures | |
N/A | N/A |
📝 Notes: | |
Nextmarkets provides both CFDs and real stocks or ETFs. |
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 | |
Varies per Cryptocurrency (eg: 0.1 BTC with leverage 1:2) | 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 per commodity (eg: 1 contract of Gold - 1 trojan ounce) | Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil) |
📉 Minimum Bonds Trade Size | |
N/A | N/A |
📈 Minimum Futures Trade Size | |
N/A | N/A |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:500 |
💪 Professional Leverage | |
Up to 1:100 | Up to 1:500 |
✍ Customisable Leverage | |
No | Yes |
🎲 Deleveraged Trading | |
Yes | 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 | |
No | Yes |
👬 Copy Trading | |
Yes | No |
👫 Social Trading | |
Yes | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
No | Yes | Fees |
💰 Inactivity Fee | |
No | $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 | |
No | Yes, from $3.5 per lot round turn |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.6 Pips | Dynamic - From 0 pips |
📉 SP500 | |
Dynamic - From 50 Pips | Dynamic - From 30 Pips |
📈 GOLD | |
Dynamic - From 40 Pips | Dynamic - From 11 pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $2 | Dynamic - From $0.48 |
📈 XLK (ETF - CFD) | |
Dynamic - From $0.1 to 0.3 | N/A |
📉 BTC | |
Dynamic - From $125 | Dynamic - From $32 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | Yes |
🗓 Economic Calendar | |
No | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | No |