TMGM
Visit

74-89% of retail CFD accounts lose money.

Vs.

Webull
Visit

Your capital is at risk.

TMGM Vs. Webull - Compare and Choose the Right One

Updated Dec 30 2021

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 
Trust

TTBTrust

5.6

Provided by TheTradingBible.com ®

Learn More

TTBTrust

9

Provided by TheTradingBible.com ®

Learn More
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
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)
  • HKMA (Hong Kong)
  • FINRA (United States)
📍 Year Founded
2013 2017
💳 Minimum Deposit
$, -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. EU, UK, CA, JP, IN, IR, MY, ZA, AU.
📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes No
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities and indices.

Real stocks, ETFs and cryptocurrencies

📙 Stocks
12,000+ 10,000+ real stocks from 5 exchanges worldwide
📘 Currency Pairs
55 0
📗 Commodities
6 0
📕 Indices
15 0
📔 ETFs
N/A 2400+ Real ETFs
💸 Cryptocurrencies
12 20
📒 Bonds
N/A 0
📓 Options
N/A Several Option Chains
📗 Futures
N/A N/A
📝 Notes:

All of TMGM's assets are CFDs

WeBull is mostly dedicated to U.S client and does not provide CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 Share $5
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) Varies by cryptocurrency
📉 Minimum FX Trade Size
$1,000 (0.01 lots) N/A
📈 Minimum Commodities Trade Size
Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil) N/A
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A Varies per Option contract
💪 Retail Leverage
Up to 1:500 1:4
💪 Professional Leverage
Up to 1:500 N/A
✍ 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
💻 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 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
💰 Commissions

Yes, from $3.5 per lot round turn

Zero
Spreads
📈 EUR/USD
Dynamic - From 0 pips N/A
📉 SP500
Dynamic - From 30 Pips Dynamic - Market spreads
📈 GOLD
Dynamic - From 11 pips N/A
📉 TSLA (Stock CFD)
Dynamic - From $0.48 Dynamic - Market spreads
📈 XLK (ETF - CFD)
N/A Dynamic - Market spreads
📉 BTC
Dynamic - From $32 Dynamic - Market spreads
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No

By using TheTradingBible.com's website you agree to the use of cookies.