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

Vs.

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

TMGM Vs. Vantage - Compare and Choose the Right One

Updated Dec 30 2021

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.

Vantage is a global broker operating since 2009. Initially based in Australia, Vantage is offering trading in forex, stocks, indices, commodities and cryptocurrencies

Best For
  • Swing traders who can use high leverage
  • Stock traders who do not have access or funds to trade with specialised brokers
  • Traders looking to hedge their FX positions (low fees)
  • Social traders looking to connect to popular copying services
  • Traders preferring mobile apps
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The Good
  • High and flexible leverage
  • No deposit or withdrawal fees
  • Supports Expert Advisors (EAs), hedging and news trading
  • Low deposit requirements
  • Low non-trading fees
  • Good educational material, news feed and market analysis
  • Great mobile platform
The Bad
  • Only has financial derivatives (CFDs)
  • Inactivity fee is tied to minimum account balance
  • High stock CFD fees
  • Not all instruments are available on every trading platform
  • Doesn’t offer 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)
  • Australia (ASIC - Australian Securities and Investments Commission)
  • Vanuatu (VFSC - Vanuatu Financial Services Commission)
  • Cayman Islands (CIMA - Cayman Islands Monetary Authority)
📍 Year Founded
2013 2009
💳 Minimum Deposit
$, -100 $, - 200
💰 Payment Methods
  • Bank Transfer
  • Credit cards
  • Debit cards
  • FasaPay
  • Neteller
  • RMB Instant
  • Revolut
  • Paytrust
  • Skrill
  • Sticpay
  • UnionPay
  • Wise
  • Bank Transfer
  • Debit / Credit Card
  • Cryptocurrency
  • Bitwallet
  • FasaPay
  • Neteller
  • Skrill
  • Union Pay
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD 9 - USD, EUR, GBP, AUD, CAD, HKD, NZD, JPY, SGD
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US. AF, AL, AS, AU, BY, BM, BA, BG, BI, CA, CF, CN, HR, CU, ER, GR, GU, IR, IQ, CI, JP, LB, LR, LY, ML, ME, MM, KR, PR, GN, GW, RO, SL, RS, SG, SI, SO, SD, ES, SD, SY, VE, YE
📊 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, commodities, indices, stocks and cryptocurrencies.

📙 Stocks
12,000+ 210
📘 Currency Pairs
55 40
📗 Commodities
6 20
📕 Indices
15 13
📔 ETFs
N/A N/A
💸 Cryptocurrencies
12 6
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

All of TMGM's assets are CFDs

All of Vantage's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 Share 1 Share
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) N/A
📉 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)

Varies per commodity, 0.01 (1 ounce) for gold,  0.1 lot (250 Lbs) for copper

📉 Minimum Bonds Trade Size
N/A N/A
📈 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
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
No No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 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.

No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

No for all methods, except the bank transfer. First one is free, subsequent in the same month are charged $20 or equivalent depending on the account currency.

💰 Commissions

Yes, from $3.5 per lot round turn

Yes for ECN accounts -from $6 per lot per round turn
Spreads
📈 EUR/USD
Dynamic - From 0 pips Dynamic - From 1.4 pips for Standard account, from 0.0 on ECN accounts
📉 SP500
Dynamic - From 30 Pips Dynamic - From 30 Pips
📈 GOLD
Dynamic - From 11 pips Dynamic - Average 36 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.48 Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From $32 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No

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