TMGM
Visit

74-89% of retail CFD accounts lose money./

Vs.

BDSwiss
Visit

69.2% of retail CFD accounts lose money.

TMGM Vs. BDSwiss - Compare and Choose the Right One

Updated May 13 2022

Visit

74-89% of retail CFD accounts lose money./

Visit

69.2% of retail CFD accounts lose money.

Overview

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.

BDSwiss is a global broker headquartered in Switzerland that holds multiple financial licenses and offers access to over 250 financial instruments through 4 account types according to each trader's needs.

Best For
  • Swing traders who can use high leverage
  • Stock traders who do not have access or funds to trade with specialised brokers
  • Beginners looking to learn the basics using the "Cent" account
  • Intermediate traders looking for quality fundamental analysis
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)
  • FMA (New Zealand)
  • VFSC (Vanuatu)
  • CySec (Cyprus)
  • NFA (United States)
  • FSC (Mauritius)
The Good
  • High and flexible leverage
  • No deposit or withdrawal fees
  • Supports Expert Advisors (EAs), hedging and news trading
  • Excellent educational library with analysis published on the daily basis
  • Suitable for traders who are willing to invest time in learning fundamental analysis.
The Bad
  • Only has financial derivatives (CFDs)
  • Inactivity fee is tied to minimum account balance
  • Higher spreads and limited functionality for small accounts
  • Needs $1000 deposit to have access to a personal account manager, or $5,000 for the advantageous Raw account.
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
2013 2012
💳 Minimum Deposit
$, -100 $, €, £ - 100
💰 Payment Methods
  • Bank Transfer
  • Credit cards
  • Debit cards
  • FasaPay
  • Neteller
  • RMB Instant
  • Revolut
  • Paytrust
  • Skrill
  • Sticpay
  • UnionPay
  • Wise
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Sofort
  • iDeal
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD 4 - USD, EUR, GBP, SEK
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US. BE, CD ,ER, JP, KP, LY, MU, SC, SO, SD, US
📊 STP Account
Yes Yes
📊 DMA Account
Yes No
📊 ECN Account
Yes Yes
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities and indices.

CFDs on stocks, commodities, currencies, cryptocurrencies and indices.

📙 Stocks
12,000+ 140 CFDs / 900+ on MT5 Platform
📘 Currency Pairs
55 50+
📗 Commodities
6 6
📕 Indices
15 10
📔 ETFs
N/A 80
💸 Cryptocurrencies
12 20
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

All of TMGM's assets are CFDs

Trading Experience
📈 Minimum Stock Trade Size
1 Share 1 share
📉 Minimum ETFs Trade Size
N/A 1 contract
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) 0.01 Lots
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil) 0.01 Lots
📉 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 1:500 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

$30 fee if there is no activity for 6 months or if the account balance falls below $500.

10% of account balance after 90 days of inactivity (minimum at €25, maximum at €49.90) 

💰 Deposit Fees
No No
💰 Withdrawal Fees
No

€10 flat fee for bank wire withdrawals equal to or less than €100

💰 Commissions

Yes, from $3.5 per lot round turn

Yes depending on account type (Eg: Raw accounts have a $5 per lot round turn commission while other pay spreads)

Spreads
📈 EUR/USD
Dynamic - From 0 pips Dynamic - From 0.3 Pips (Raw Account)
📉 SP500
Dynamic - From 30 Pips Dynamic - From 39 Pips
📈 GOLD
Dynamic - From 11 pips Dynamic - From 27 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.48 Dynamic - From $3.30
📈 XLK (ETF - CFD)
N/A 0.10%
📉 BTC
Dynamic - From $32 Dynamic - From $190
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No