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

Vs.

IG
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79% of retail CFD accounts lose money.

TMGM Vs. IG - Compare and Choose the Right One

Updated May 13 2022

Visit

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

Visit

79% 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.

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

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 to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
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

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • FMA (New Zealand)
  • VFSC (Vanuatu)
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
The Good
  • High and flexible leverage
  • No deposit or withdrawal fees
  • Supports Expert Advisors (EAs), hedging and news trading
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
The Bad
  • Only has financial derivatives (CFDs)
  • Inactivity fee is tied to minimum account balance
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
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 1974
💳 Minimum Deposit
$, -100

0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards.

💰 Payment Methods
  • Bank Transfer
  • Credit cards
  • Debit cards
  • FasaPay
  • Neteller
  • RMB Instant
  • Revolut
  • Paytrust
  • Skrill
  • Sticpay
  • UnionPay
  • Wise
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
No Yes (excluding CFDs)
❌ Restricted Countries
US. SY, IR.
📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes Yes
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities and indices.

  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies indices and bonds.
📙 Stocks
12,000+

10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks

📘 Currency Pairs
55 210
📗 Commodities
6 37
📕 Indices
15 76
📔 ETFs
N/A 2,000 + both CFDs and real ETFs
💸 Cryptocurrencies
12 15
📒 Bonds
N/A 19
📓 Options
N/A Availability only for select countries.
📗 Futures
N/A

Several contracts in commodities and indices with various expiration dates.

📝 Notes:

All of TMGM's assets are CFDs

IG provides both CFD trading and real equity. US traders cannot trade CFDs.

Trading Experience
📈 Minimum Stock Trade Size
1 Share 1 Share
📉 Minimum ETFs Trade Size
N/A 1 ETF
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)

0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins)

📉 Minimum FX Trade Size
$1,000 (0.01 lots)

1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units)

📈 Minimum Commodities Trade Size
Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil) 1 Contract
📉 Minimum Bonds Trade Size
N/A 1 Contract
📈 Minimum Futures Trade Size
N/A 1 Contract
📉 Minimum Options Trade Size
N/A Varies per option (usually 1 contract)
💪 Retail Leverage
Up to 1:500 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 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 24 months of inactivity, IG charges an $18 monthly fee.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

Yes, from $3.5 per lot round turn

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Spreads
📈 EUR/USD
Dynamic - From 0 pips Dynamic - From 0.9 Pips
📉 SP500
Dynamic - From 30 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - From 11 pips Dynamic - From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.48 Dynamic - From $1.03
📈 XLK (ETF - CFD)
N/A Dynamic - From 0 Pips
📉 BTC
Dynamic - From $32 Dynamic - From $140
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No Yes