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

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.

• 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

• ASIC (Australia)
• FMA (New Zealand)
• VFSC (Vanuatu)

• CySec (Cyprus)
• NFA (United States)
• FSC (Mauritius)

• 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.

• 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.

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• 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.

• Bank Transfer
• Credit cards
• Debit cards
• FasaPay
• Neteller
• RMB Instant
• Revolut
• Paytrust
• Skrill
• Sticpay
• UnionPay
• Wise

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill
• Sofort
• iDeal

US.

BE, CD ,ER, JP, KP, LY, MU, SC, SO, SD, US.

$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).

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

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).