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

Vs.

Tickmill
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61% of retail CFD accounts lose money.

TMGM Vs. Tickmill - Compare and Choose the Right One

Updated Dec 30 2021

Visit

74-89% of retail CFD accounts lose money.

Visit

61% 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.

Tickmill is an international CFD broker headquartered in Cyprus that specialises in currency trading paired with MetaTrader 4 and 5 platforms.

Best For
  • Swing traders who can use high leverage
  • Stock traders who do not have access or funds to trade with specialised brokers
  • Professional currency traders looking to exploit their account offering with low spreads
  • Traders familiar with both MetaTrader 4 or 5 platforms with the intent to trade currencies
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The Good
  • High and flexible leverage
  • No deposit or withdrawal fees
  • Supports Expert Advisors (EAs), hedging and news trading
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
The Bad
  • Only has financial derivatives (CFDs)
  • Inactivity fee is tied to minimum account balance
  • Extremely low asset offering (over 80+ instruments in total)
  • All of Tickmill’s assets are CFDs (users can’t purchase real stocks or ETFs)
Status
Operational Operational
Recent News
N/A N/A
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.

    🏛 Financial Regulators
    • ASIC (Australia)
    • FMA (New Zealand)
    • VFSC (Vanuatu)
    • CySec (Cyprus)
    • FSA (Seychelles)
    • FCA (UK)
    • FSA (Labuan)
    • FSCA (South Africa)
    📍 Year Founded
    2013 2014
    💳 Minimum Deposit
    $, -100 $, €, £ - 100
    💰 Payment Methods
    • Bank Transfer
    • Credit cards
    • Debit cards
    • FasaPay
    • Neteller
    • RMB Instant
    • Revolut
    • Paytrust
    • Skrill
    • Sticpay
    • UnionPay
    • Wise
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    💵 Account Base Currencies
    6 - EUR, USD, GBP, AUD, NZD, CAD 4 - USD, EUR, GBP, PLN
    🗽 Available to U.S Citizens
    No No
    ❌ Restricted Countries
    US. US, CA, SY, IR.
    📊 STP Account
    Yes No
    📊 DMA Account
    Yes No
    📊 ECN Account
    Yes No
    Assets
    📚 Available Assets

    CFDs on stocks, currencies, commodities and indices.

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    📙 Stocks
    12,000+ N/A
    📘 Currency Pairs
    55 62
    📗 Commodities
    6 4
    📕 Indices
    15 14
    📔 ETFs
    N/A N/A
    💸 Cryptocurrencies
    12 3
    📒 Bonds
    N/A 4
    📓 Options
    N/A N/A
    📗 Futures
    N/A N/A
    📝 Notes:

    All of TMGM's assets are CFDs

    Tickmill’s asset offering is exclusively made of CFDs.

    Trading Experience
    📈 Minimum Stock Trade Size
    1 Share N/A
    📉 Minimum ETFs Trade Size
    N/A N/A
    📈 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
    N/A $1,000 (0.01 Lots)
    📈 Minimum Futures Trade Size
    N/A N/A
    📉 Minimum Options Trade Size
    N/A N/A
    💪 Retail Leverage
    Up to 1:500 Up to 1:30
    💪 Professional Leverage
    Up to 1:500 Up to 1:500
    ✍ Customisable Leverage
    Yes Yes, for the whole account.
    🎲 Deleveraged Trading
    Yes Yes
    🎓 Demo Account
    Yes Yes
    📱 IOS App
    Yes Yes (only for account management)
    📱 Android App
    Yes Yes (only for account management)
    📺 MetaTrader 4
    Yes Yes
    📺 MetaTrader 5
    Yes Yes
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No No
    💻 Proprietary Platform
    No No
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    No Yes
    👫 Social Trading
    No No
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    Yes No
    Fees
    💰 Inactivity Fee

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

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

    Yes, from $3.5 per lot round turn

    Depending on account type:

    • Classic account has no commissions
    • Pro account has a commission of 2 units of your base currency round turn per lot
    • VIP account has a commission of 1 unit of your base currency round turn per lot 
    Spreads
    📈 EUR/USD
    Dynamic - From 0 pips

    From 0 pips up to 1.6 Pips (Depending on account type)

    📉 SP500
    Dynamic - From 30 Pips From 39 Pips
    📈 GOLD
    Dynamic - From 11 pips From 24 Pips
    📉 TSLA (Stock CFD)
    Dynamic - From $0.48 N/A
    📈 XLK (ETF - CFD)
    N/A N/A
    📉 BTC
    Dynamic - From $32 Dynamic - From $128.2
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    Yes No
    🗓 Economic Calendar
    Yes Yes
    📜 Integrated Newsfeed
    Yes No
    📡 Reuters Feed
    No No

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