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

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.

Pepperstone is an Australian broker founded in 2010 with the aim of providing a professional trading experience with low fees and tight spreads. Currently Pepperstone counts with 7 financial licenses and operates in almost every country around the world.

• Swing traders who can use high leverage
• Stock traders who do not have access or funds to trade with specialised brokers

• Professional traders that day-trade or scalp
• Algorithmic traders using their own custom built robots
• Experienced traders

• ASIC (Australia)
• FMA (New Zealand)
• VFSC (Vanuatu)

• BaFin (Germany)
• FCA (UK)
• ASIC (Australia)
• DFSA (United Arab Emirates)
• CySec (Cyprus)
• SCB (Bahamas)
• CMA (Kenya)

• High and flexible leverage
• No deposit or withdrawal fees
• Supports Expert Advisors (EAs), hedging and news trading

• Well regulated on several jurisdictions
• Low latency, fast execution under 30ms
• Competitive spreads and low commissions from 0.0 pips on their Razor account

• Only has financial derivatives (CFDs)
• Inactivity fee is tied to minimum account balance

• Avaliable asset offering is not that comprehensive
• No ability to purchase real stocks or cryptocurrencies, only CFDs

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• 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.

• Bank Transfer
• Credit cards
• Debit cards
• FasaPay
• Neteller
• RMB Instant
• Revolut
• Paytrust
• Skrill
• Sticpay
• UnionPay
• Wise

• Visa
• Mastercard
• Bank Transfer
• Paypal
• Neteller
• Skrill
• POLi
• Bpay
• Unionpay
• Mpesa

US.

AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, KM, TD, CD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VE, VG, EH, YE, ZW, RU.

$30 fee if there is no activity for 6 months or if the account balance falls below $500.

Yes, from $3.5 per lot round turn

• For Standard account : All fees included in the spread
• For Razor account: From $7 per Lot round turn