Saxo Bank Vs. TMGM - Compare and Choose the Right One


Visit 65% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money./
Overview
Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.	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 investors looking to trade a variety of markets High net worth traders or investors	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 7 Other Licenses 0 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) HKMA (Hong Kong) ADGM (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) AFM (Netherlands)	ASIC (Australia) FMA (New Zealand) VFSC (Vanuatu)
The Good
Exceptional selection of financial instruments at one place 2 highly-customizable proprietary trading platforms API integration for 3rd party services like Excel or TradingView	High and flexible leverage No deposit or withdrawal fees Supports Expert Advisors (EAs), hedging and news trading
The Bad
High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures	Only has financial derivatives (CFDs) Inactivity fee is tied to minimum account balance
Status
Operational	Operational
Recent News
N/A	N/A
Key Data
⌛ Account Opening Time
4 Days	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
1992	2013
💳 Minimum Deposit
From 500 € to 2,000 € depending on residence	$, -100
💰 Payment Methods
Visa Mastercard Bank Transfer	Bank Transfer Credit cards Debit cards FasaPay Neteller RMB Instant Revolut Paytrust Skrill Sticpay UnionPay Wise
💵 Account Base Currencies
26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR	6 - EUR, USD, GBP, AUD, NZD, CAD
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US,BR,ES,IN,KE,MX,NG,PK,ZA	US.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	Yes
Assets
📚 Available Assets
Real stocks, ETFs, bonds and options. CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds.	CFDs on stocks, currencies, commodities and indices.
📙 Stocks
30,000+	12,000+
📘 Currency Pairs
182	55
📗 Commodities
19 (CFDs)	6
📕 Indices
29 (CFDs)	15
📔 ETFs
5,400+	N/A
💸 Cryptocurrencies
9	12
📒 Bonds
5,000+	N/A
📓 Options
3,000+	N/A
📗 Futures
300+	N/A
📝 Notes:
N/A	All of TMGM's assets are CFDs
Trading Experience
📈 Minimum Stock Trade Size
N/A	1 Share
📉 Minimum ETFs Trade Size
N/A	N/A
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of 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
N/A	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 1:66	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
No	Yes
📺 MetaTrader 5
No	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes (through API)	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
Up to $150 after 6 months of inactivity, £25 after one quarter in the UK	$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
$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract	Yes, from $3.5 per lot round turn
Spreads
📈 EUR/USD
0.8 Pips average - 0.4 for VIPs	Dynamic - From 0 pips
📉 SP500
N/A	Dynamic - From 30 Pips
📈 GOLD
N/A	Dynamic - From 11 pips
📉 TSLA (Stock CFD)
N/A	Dynamic - From $0.48
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
N/A	Dynamic - From $32
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	No