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

Vs.

Webull
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Your capital is at risk.

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

Updated Oct 20 2022

Visit

74-89% of retail CFD accounts lose money.

Visit

Your capital is at risk.

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.

Webull is a US-based broker that offers both real and leveraged products including Stocks, Crypto, Options, ETFs, and ADRs with zero commissions and no deposit minimums.

Best For
  • Swing traders who can use high leverage
  • Stock traders who do not have access or funds to trade with specialised brokers
  • Novices who want to enter the world of investing
  • Intermediate and advanced options traders
  • Professional day traders and portfolio managers 
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

2

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • FMA (New Zealand)
  • VFSC (Vanuatu)
  • HKMA (Hong Kong)
  • FINRA (United States)
The Good
  • High and flexible leverage
  • No deposit or withdrawal fees
  • Supports Expert Advisors (EAs), hedging and news trading
  • Trade any asset class from just $5
  • Easy-to-use investing app
  • Fully extended trading hours
The Bad
  • Only has financial derivatives (CFDs)
  • Inactivity fee is tied to minimum account balance
  • No international clients at the moment
  • No joint accounts
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 2017
💳 Minimum Deposit Range
$100 0
💰 Payment Methods
  • Bank Transfer
  • Credit cards
  • Debit cards
  • FasaPay
  • Neteller
  • RMB Instant
  • Revolut
  • Paytrust
  • Skrill
  • Sticpay
  • UnionPay
  • Wise
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD. 1 - USD.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

US.

European Union, UK, CA, JP, IN, IR, MY, ZA, AU.

📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Equities
Total Asset Offering
12,091 12,420
Exchange Access
0 5
📙 Real Stocks
0 10,000
📙 Stock CFDs
12,000 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
55 0
📗 Commodities
0 0
📗 Commodities CFDs
6 0
📕 Indices
0 0
📕 Indices CFDs
15 0
📔 ETFs
0 2,400
📔 ETFs CFDs
0 0
💸 Cryptocurrencies
0 20
💸 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 $5 trade value
📉 Minimum ETFs Trade Size
Unavailable $5 trade value
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) Varies per cryptocurrency
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) Unavailable
📈 Minimum Commodities Trade Size
Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil) Unavailable
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
500 4
💪 Professional Leverage
Unavailable Unavailable
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes No
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 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.

None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions

Yes, from $3.5 per lot round turn

None
Spreads
📈 EUR/USD
Dynamic - From 0 pips Unavailable
📉 SP500
Dynamic - From 30 Pips Unavailable
📈 GOLD
Dynamic - From 11 pips Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $0.48 Dynamic - Market spread
📈 XLK (ETF - CFD)
Unavailable Dynamic - Market spread
📉 BTC
Dynamic - From $32 Unavailable
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No
📡 Educational Content
No No
📡 Live Chat Support
No Yes
📡 Video Tutorials
No No
📡 Account Management
No No
📡 Webinars
No No