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


Visit 74-89% of retail CFD accounts lose money.	Visit 72.72% 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.	Founded in 2012, RoboMarkets offers five different types of accounts, including its proprietary R Stock Trader and ProCents accounts, with access to 12,000 instruments. The different accounts offer different spreads and investment instruments.
Best For
Swing traders who can use high leverage Stock traders who do not have access or funds to trade with specialised brokers	Traders interested in trading U.S. equities, ETFS with access to 3,000 stocks Traders looking for a mix of CFDs and stocks through R Stock Trader Traders seeking small investments through its ProCents account
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	Five different types of accounts for different types of investors, offers copy trading Access to 12,000+ investment instruments, including 3,000 U.S. stocks No inactivity or deposit fee Offers five base currencies, including GOLD, and remote VPS Server
The Bad
Only has financial derivatives (CFDs) Inactivity fee is tied to minimum account balance	Withdrawals fees (EG: 2.4% on Visa and Mastercard, 2% for PayPal) No integrated news feed on trading platforms Serves only European Union Markets Limited commodities to trade
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	2012
💳 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 Skrill Neteller e-wallets PayPal Webmoney Fasapay Wire transfers
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD.	5 - EUR, USD, GBP, CHF, GOLD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US.	US, CA, SY (Available only for EU Citizens).
📊 STP Account
Yes	No
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
12,091	26,061
Exchange Access
0	0
📙 Real Stocks
0	12,000
📙 Stock CFDs
12,000	12,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
55	35
📗 Commodities
0	0
📗 Commodities CFDs
6	3
📕 Indices
0	0
📕 Indices CFDs
15	9
📔 ETFs
0	1,000
📔 ETFs CFDs
0	1,000
💸 Cryptocurrencies
0	14
💸 Cryptocurrency CFDs
15	0
📒 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 Share
📉 Minimum ETFs Trade Size
Unavailable	1 ETF
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	Varies per cryptocurrency (Eg: 0.01 BTC)
📉 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	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	No
📱 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 (Eg: Visa/Mastercard fee 2.4%, PayPal 2% and Netteller (1.9%).
💰 Commissions
Yes, from $3.5 per lot round turn	Varies per product (Eg. ETF Pro $0.0045/share).
Spreads
📈 EUR/USD
Dynamic - From 0 pips	Dynamic - From 0.3 Pips
📉 SP500
Dynamic - From 30 Pips	Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 11 pips	Dynamic - From 25 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.48	Dynamic - From $0.25 to $0.55
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $32	Dynamic - From $100 to $500
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	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	No