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

Vs.

Fusion Markets
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Your capital is at risk.

TMGM Vs. Fusion Markets - Compare and Choose the Right One

Updated May 13 2022

Visit

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

Visit

Your capital is at risk.

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.

Fusion Markets is an Australian broker founded in 2010 that specialises in low-cost currency trading via MT4 and MT5 platforms and holds 2 financial licenses from ASIC and VFSC.

Best For
  • Swing traders who can use high leverage
  • Stock traders who do not have access or funds to trade with specialised brokers
  • New traders looking to get started in currency trading
  • Intermediate and professional traders looking for low spreads with a custom account offering
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

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • FMA (New Zealand)
  • VFSC (Vanuatu)
  • ASIC (Australia)
  • VFSC (Vanuatu)
The Good
  • High and flexible leverage
  • No deposit or withdrawal fees
  • Supports Expert Advisors (EAs), hedging and news trading
  • Extremely competitive account offering with either 0 spreads and a commission of AUD $4.5 or low spreads with no commissions
  • Tight spreads on most of their instruments
The Bad
  • Only has financial derivatives (CFDs)
  • Inactivity fee is tied to minimum account balance
  • Asset offering is poor (over 100+ instruments)
  • Platform variety is not great (only MT4 or MT5 offered)
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 2010
💳 Minimum Deposit
$, -100 0
💰 Payment Methods
  • Bank Transfer
  • Credit cards
  • Debit cards
  • FasaPay
  • Neteller
  • RMB Instant
  • Revolut
  • Paytrust
  • Skrill
  • Sticpay
  • UnionPay
  • Wise
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • PerfectMoney
  • Jeton
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD 7 - AUD, EUR, USD, GBP, JPY, SGD, THB.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US.

US, CA, IR, SY, NZ.

📊 STP Account
Yes No
📊 DMA Account
Yes No
📊 ECN Account
Yes Yes
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities and indices.

CFDs on currencies, commodities, indices and stocks.

📙 Stocks
12,000+ 50
📘 Currency Pairs
55 90+
📗 Commodities
6 17
📕 Indices
15 10
📔 ETFs
N/A N/A
💸 Cryptocurrencies
12 8
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

All of TMGM's assets are CFDs

All of Fusion Market’s assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
1 Share $1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
N/A $1,000 (0.01 Lots)
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) $1,000 (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) $1,000 (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 Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No No
📊 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.

No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

No for most payment methods except international bank transfers which have a cost of 20 AUD.

💰 Commissions

Yes, from $3.5 per lot round turn

  • No commissions on classic accounts.
  • AUD $4.5 per lot round turn for ZERO accounts with spreads starting from 0.
Spreads
📈 EUR/USD
Dynamic - From 0 pips From 0 to 0.8 Pips
📉 SP500
Dynamic - From 30 Pips Dynamic - From 30 Pips
📈 GOLD
Dynamic - From 11 pips Dynamic - From 9 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.48 Dynamic - From $0.01
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From $32 Dynamic - From $31
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No