Webull
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Vs.

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

Webull Vs. TMGM - Compare and Choose the Right One

Updated May 13 2022

Visit

Your capital is at risk.

Visit

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

Overview

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.

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.

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

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

0

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • HKMA (Hong Kong)
  • FINRA (United States)
  • ASIC (Australia)
  • FMA (New Zealand)
  • VFSC (Vanuatu)
The Good
  • Trade any asset class from just $5
  • Easy-to-use investing app
  • Fully extended trading hours
  • High and flexible leverage
  • No deposit or withdrawal fees
  • Supports Expert Advisors (EAs), hedging and news trading
The Bad
  • No international clients at the moment
  • No joint accounts
  • Only has financial derivatives (CFDs)
  • Inactivity fee is tied to minimum account balance
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
2017 2013
💳 Minimum Deposit
€, £, $ - 0 $, -100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Bank Transfer
  • Credit cards
  • Debit cards
  • FasaPay
  • Neteller
  • RMB Instant
  • Revolut
  • Paytrust
  • Skrill
  • Sticpay
  • UnionPay
  • Wise
💵 Account Base Currencies
1 - USD 6 - EUR, USD, GBP, AUD, NZD, CAD
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
EU, UK, CA, JP, IN, IR, MY, ZA, AU. US.
📊 STP Account
No Yes
📊 DMA Account
Yes Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets

Real stocks, ETFs and cryptocurrencies

CFDs on stocks, currencies, commodities and indices.

📙 Stocks
10,000+ real stocks from 5 exchanges worldwide 12,000+
📘 Currency Pairs
0 55
📗 Commodities
0 6
📕 Indices
0 15
📔 ETFs
2400+ Real ETFs N/A
💸 Cryptocurrencies
20 12
📒 Bonds
0 N/A
📓 Options
Several Option Chains N/A
📗 Futures
N/A N/A
📝 Notes:
WeBull is mostly dedicated to U.S client and does not provide CFDs.

All of TMGM's assets are CFDs

Trading Experience
📈 Minimum Stock Trade Size
$5 1 Share
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
Varies by cryptocurrency Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
N/A $1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
N/A Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
Varies per Option contract N/A
💪 Retail Leverage
1:4 Up to 1:500
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
No Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
No

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

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

Yes, from $3.5 per lot round turn

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