TheTradingBible.com
TheTradingBible.com
Updated Dec 30 2021
| 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. |
eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes. |
| Best For | |
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| Trust | |
| The Good | |
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| The Bad | |
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| Status | |
| Operational | Operational |
| Recent News | |
| N/A | N/A |
| Key Data | |
| ⌛ Account Opening Time | |
| 1 Day | 1 day minimum (may take longer) |
| 📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
| 🏛 Financial Regulators | |
| 📍 Year Founded | |
| 2013 | 2007 |
| 💳 Minimum Deposit | |
| $, -100 | $50 up to 200 |
| 💰 Payment Methods | |
| 💵 Account Base Currencies | |
| 6 - EUR, USD, GBP, AUD, NZD, CAD | 1 - USD |
| 🗽 Available to U.S Citizens | |
| No | Only for crypto Trading |
| ❌ Restricted Countries | |
| US. | AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM |
| 📊 STP Account | |
| Yes | Yes |
| 📊 DMA Account | |
| Yes | No |
| 📊 ECN Account | |
| Yes | Yes | Assets |
| 📚 Available Assets | |
| 📙 Stocks | |
| 12,000+ | 2,000+ Real Stocks / 2,000+ CFDs |
| 📘 Currency Pairs | |
| 55 | 47 |
| 📗 Commodities | |
| 6 | 14 |
| 📕 Indices | |
| 15 | 13 |
| 📔 ETFs | |
| N/A | 145 |
| 💸 Cryptocurrencies | |
| 12 | 26 |
| 📒 Bonds | |
| N/A | N/A |
| 📓 Options | |
| N/A | N/A |
| 📗 Futures | |
| N/A | N/A |
| 📝 Notes: | |
All of TMGM's assets are CFDs |
Real stocks are offered without leverage, all the rest of the assets are CFDs. |
Trading Experience |
| 📈 Minimum Stock Trade Size | |
| 1 Share | $50 |
| 📉 Minimum ETFs Trade Size | |
| N/A | $50 |
| 📈 Minimum Crypto Trade Size | |
| Varies per Cryptocurrency (Eg: 0.01 BTC) | $25 |
| 📉 Minimum FX Trade Size | |
| $1,000 (0.01 lots) | $1,000 |
| 📈 Minimum Commodities Trade Size | |
| Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil) | $1,000 |
| 📉 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 | Varies |
| ✍ Customisable Leverage | |
| Yes | No |
| 🎲 Deleveraged Trading | |
| Yes | Yes |
| 🎓 Demo Account | |
| Yes | Yes |
| 📱 IOS App | |
| Yes | Yes |
| 📱 Android App | |
| Yes | Yes |
| 📺 MetaTrader 4 | |
| Yes | No |
| 📺 MetaTrader 5 | |
| Yes | No |
| 💻 Web trader | |
| Yes | Yes |
| 💻 TradingView Platform | |
| No | No |
| 💻 Proprietary Platform | |
| No | Yes |
| 📊 Multi-chart Tools | |
| Yes | Yes |
| 👬 Copy Trading | |
| No | Yes |
| 👫 Social Trading | |
| No | Yes |
| 🔑 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. |
After 12 months of inactivity, a $10 monthly inactivity fee will be charged. |
| 💰 Deposit Fees | |
| No | No |
| 💰 Withdrawal Fees | |
| No | $5 |
| 💰 Commissions | |
Yes, from $3.5 per lot round turn |
No | Spreads |
| 📈 EUR/USD | |
| Dynamic - From 0 pips | Dynamic - From 1 Pip |
| 📉 SP500 | |
| Dynamic - From 30 Pips | Dynamic - From 75 Pips |
| 📈 GOLD | |
| Dynamic - From 11 pips | Dynamic - From 45 Pips |
| 📉 TSLA (Stock CFD) | |
| Dynamic - From $0.48 | Dynamic - From 0.09% |
| 📈 XLK (ETF - CFD) | |
| N/A | Dynamic - From 0.09% |
| 📉 BTC | |
| Dynamic - From $32 | Dynamic - From 0.75% | Research and Analysis |
| ⭐ Watchlists | |
| Yes | Yes |
| 🔭 Stock Screener | |
| Yes | No |
| 🗓 Economic Calendar | |
| Yes | Yes |
| 📜 Integrated Newsfeed | |
| Yes | Yes |
| 📡 Reuters Feed | |
| No | No |
