Plus500 Vs. TMGM - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 77% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options.	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
Intermediate traders looking to trade short term Experienced traders looking to speculate using CFDs based on options	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 3 Other Licenses 1 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) MAS (Singapore)	ASIC (Australia) FMA (New Zealand) VFSC (Vanuatu)
The Good
CFDs on american options offered Low minimum trade sizes Propietary platform with multi-charting tools	High and flexible leverage No deposit or withdrawal fees Supports Expert Advisors (EAs), hedging and news trading
The Bad
No ability to remove leverage All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)	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
2008	2013
💳 Minimum Deposit Range
$100	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal Skrill	Bank Transfer Credit cards Debit cards FasaPay Neteller RMB Instant Revolut Paytrust Skrill Sticpay UnionPay Wise
💵 Account Base Currencies
16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD.	6 - EUR, USD, GBP, AUD, NZD, CAD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, CU, SY, IR.	US.
📊 STP Account
Yes	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
2,245	12,091
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
2,000	12,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
70	55
📗 Commodities
0	0
📗 Commodities CFDs
25	6
📕 Indices
0	0
📕 Indices CFDs
26	15
📔 ETFs
0	0
📔 ETFs CFDs
95	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
14	15
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
15	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions Allowed	1 Share
📉 Minimum ETFs Trade Size
Variable - Fractions Allowed	Unavailable
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.001 BTC)	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 Commoditty (Eg: 0.2 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
Varies by Option (Eg: 5 contracts of Tesla Calls)	Unavailable
💪 Retail Leverage
30	500
💪 Professional Leverage
300	Unavailable
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	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
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
Yes	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
$10 every 3 months of inactivity.	$30 fee if there is no activity for 6 months or if the account balance falls below $500.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	Yes, from $3.5 per lot round turn
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips	Dynamic - From 0 pips
📉 SP500
Dynamic - From 70 Pips	Dynamic - From 30 Pips
📈 GOLD
Dynamic - From 30 Pips	Dynamic - From 11 pips
📉 TSLA (Stock CFD)
Dynamic - From $5.2	Dynamic - From $0.48
📈 XLK (ETF - CFD)
Dynamic - From 7 Pips	Unavailable
📉 BTC
Dynamic - From $136	Dynamic - From $32
Research and Analysis
⭐ Watchlists
No	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	No