TMGM Vs. CMC Markets - 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.

CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies.

• Swing traders who can use high leverage
• Stock traders who do not have access or funds to trade with specialised brokers

• Professional high volume traders looking to offset the cost of commissions through larger trades
• Intermediate and professional traders looking for a professional custom platform with customisable layouts

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

• ASIC (Australia)
• FCA (UK)
• IIROC (Canada)
• MAS (Singapore)
• BaFin (Germany)

• High and flexible leverage
• No deposit or withdrawal fees
• Supports Expert Advisors (EAs), hedging and news trading

• Comprehensive asset offering with more than 12,000+ tradable assets and the possibility to add data connections to exchanges to add more
• Powerful professional platform with customisable layouts and integrated reuters feed

• Only has financial derivatives (CFDs)
• Inactivity fee is tied to minimum account balance

• High commissions on stocks and ETFs
• Platform is not beginner friendly

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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
• Paypal

US.

US, JP, SY, ZA, IR.

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

After 12 months of inactivity, CMC Markets charges a £10 inactivity fee.

Yes, from $3.5 per lot round turn

Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission.