TMGM Vs. Libertex - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74-89% of retail CFD accounts lose money.	Visit 70.8% 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.	Libertex is a broker headquartered in Cyprus that operates since 1997 and offers trading in over 250 financial instruments.
Best For
Swing traders who can use high leverage Stock traders who do not have access or funds to trade with specialised brokers	European-based traders who are looking to trade forex and cryptocurrencies Traders who need to monitor their positions through mobile apps Long-term investors in equities
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 0 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) FMA (New Zealand) VFSC (Vanuatu)	CySec (Cyprus.
The Good
High and flexible leverage No deposit or withdrawal fees Supports Expert Advisors (EAs), hedging and news trading	Clean and user-friendly trading platform Advanced mobile app with news integration for iOS and Android Zero commission stock investing
The Bad
Only has financial derivatives (CFDs) Inactivity fee is tied to minimum account balance	Doesn't support use of Expert Advisors (EA) Stock CFDs are limited to popular (blue chip) choices Weak regulatory framework
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	1997
💳 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 Neteller Skrill Paypal Sofort iDeal
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD.	4 - EUR, GBP, PLN, CHF
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US.	US, CA, SY.
📊 STP Account
Yes	No
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
12,091	374
Exchange Access
0	0
📙 Real Stocks
0	100
📙 Stock CFDs
12,000	100
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
55	52
📗 Commodities
0	0
📗 Commodities CFDs
6	17
📕 Indices
0	0
📕 Indices CFDs
15	18
📔 ETFs
0	0
📔 ETFs CFDs
0	10
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
15	73
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	4
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	$20 minimum trade size
📉 Minimum ETFs Trade Size
Unavailable	$20 minimum trade size
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	$20 minimum trade size
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$20 minimum trade size
📈 Minimum Commodities Trade Size
Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil)	$20 minimum trade size
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	$20 minimum trade size
💪 Retail Leverage
500	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	No
🎲 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	No
👫 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.	€10/month after 180 calendar days of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	Depending on the service - up to 1%, 2% withdrawal fee on an inactive account.
💰 Commissions
Yes, from $3.5 per lot round turn	None
Spreads
📈 EUR/USD
Dynamic - From 0 pips	Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 30 Pips	Dynamic - From 83 Pips
📈 GOLD
Dynamic - From 11 pips	Dynamic - From 25 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.48	Dynamic - From $4
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Dynamic - From $32	Dynamic - From $205
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	No
📡 Account Management
No	Yes
📡 Webinars
No	No