TMGM Vs. FP Markets - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74-89% of retail CFD accounts lose money.	Visit 74.34% 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.	FP Markets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.
Best For
Swing traders who can use high leverage Stock traders who do not have access or funds to trade with specialised brokers	Professional traders looking for DMA pricing on their stocks Professional traders looking to set up a dedicated VPS High volume share traders that benefit from DMA pricing
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)	ASIC (Australia) CySec (Cyprus) FSA (St. Vincent and the Grenadines)
The Good
High and flexible leverage No deposit or withdrawal fees Supports Expert Advisors (EAs), hedging and news trading	Competitive spreads From 0 pips MT4 and MT5 offered Over 10,000 + shares
The Bad
Only has financial derivatives (CFDs) Inactivity fee is tied to minimum account balance	No ETFs are offered Stock trading commissions are expensive when compared to similar brokers Website is slow and confusing Fees for the majority of deposit and withdrawal methods
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	2005
💳 Minimum Deposit Range
$100	$100
💰 Payment Methods
Bank Transfer Credit cards Debit cards FasaPay Neteller RMB Instant Revolut Paytrust Skrill Sticpay UnionPay Wise	Visa Mastercard Bank Transfer Paypal Neteller Skrill FasaPay PayTrust China Union Pay Bpay Broker to broker Sticpay Plusdebit Rupee Payments Dragonpay Perfect Money Paylivre Rapyd Finrax Fairpay
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD.	10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US.	US, JP, BE, NZ, SY.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
12,091	10,403
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
12,000	10,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
55	63
📗 Commodities
0	0
📗 Commodities CFDs
6	15
📕 Indices
0	0
📕 Indices CFDs
15	17
📔 ETFs
0	0
📔 ETFs CFDs
0	295
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
15	11
📒 Bonds
0	0
📒 Bonds CFDs
0	2
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	Variable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	Unavailable
📉 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)	Varies by Commodity (Eg: 0.01 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
500	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	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.	None
💰 Deposit Fees
None	Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.
💰 Withdrawal Fees
None	None
💰 Commissions
Yes, from $3.5 per lot round turn	No commission on their Standard Account $3 per side (lot) commission on their RAW Account
Spreads
📈 EUR/USD
Dynamic - From 0 pips	Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 30 Pips	Dynamic - From 40 to 60 Pips
📈 GOLD
Dynamic - From 11 pips	Dynamic - From 0 to 31 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.48	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $32	Dynamic - From $9 to $21
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	Yes
📡 Account Management
No	Yes
📡 Webinars
No	Yes