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


Visit 74-89% of retail CFD accounts lose money.	Visit 74-89% 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.	RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.
Best For
Swing traders who can use high leverage Stock traders who do not have access or funds to trade with specialised brokers	Intermediate and Professional traders looking for different account offerings Experienced traders looking for trading platform variety
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)	IFSC (International Financial Services Commission of Belize)
The Good
High and flexible leverage No deposit or withdrawal fees Supports Expert Advisors (EAs), hedging and news trading	Comprehensive asset offering with more than 13,000+ instruments Great platform variety (MT4, MT5, cTrader and their own proprietary platforms) Custom account types with spreads from 0 pips
The Bad
Only has financial derivatives (CFDs) Inactivity fee is tied to minimum account balance	Weak regulatory framework (counting on 1 license from the IFSC) Doesn’t accept clients from the UK, EU and a few other countries
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	2009
💳 Minimum Deposit Range
$100	$10
💰 Payment Methods
Bank Transfer Credit cards Debit cards FasaPay Neteller RMB Instant Revolut Paytrust Skrill Sticpay UnionPay Wise	Visa Mastercard JCB AstroPay Skrill Neteller Perfect Money AdvCash NganLuong Wallet Bank transfers (SEPA, local and several options per country)
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD.	4 - USD, EUR, CNY, GOLD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US.	US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	No
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
12,091	13,206
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
12,000	12,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
55	40
📗 Commodities
0	0
📗 Commodities CFDs
6	100
📕 Indices
0	0
📕 Indices CFDs
15	50
📔 ETFs
0	0
📔 ETFs CFDs
0	1,000
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
15	16
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	$1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
Unavailable	$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
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
500	2000
💪 Professional Leverage
Unavailable	Unavailable
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
Yes	No
🎓 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	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.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount).
💰 Commissions
Yes, from $3.5 per lot round turn	Yes depending on account type (eg: for ECN accounts there are commissions up to $20).
Spreads
📈 EUR/USD
Dynamic - From 0 pips	Dynamic - From 0 to 1.4 Pips
📉 SP500
Dynamic - From 30 Pips	Dynamic - Market Spread
📈 GOLD
Dynamic - From 11 pips	Dynamic - From 17 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.48	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Dynamic - From $32	Dynamic - From $220
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	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	No