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

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.

• 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 

• ASIC (Australia)
• FMA (New Zealand)
• VFSC (Vanuatu)

• HKMA (Hong Kong)
• FINRA (United States)

• 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

• Only has financial derivatives (CFDs)
• Inactivity fee is tied to minimum account balance

• No international clients at the moment
• No joint accounts

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• 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.

• Bank Transfer
• Credit cards
• Debit cards
• FasaPay
• Neteller
• RMB Instant
• Revolut
• Paytrust
• Skrill
• Sticpay
• UnionPay
• Wise

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill

US.

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

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

Yes, from $3.5 per lot round turn