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


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 Range
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
European Union, UK, CA, JP, IN, IR, MY, ZA, AU.	US.
📊 STP Account
No	Yes
📊 DMA Account
Yes	Yes
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Equities	CFDs
Total Asset Offering
12,420	12,091
Exchange Access
5	0
📙 Real Stocks
10,000	0
📙 Stock CFDs
0	12,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
0	55
📗 Commodities
0	0
📗 Commodities CFDs
0	6
📕 Indices
0	0
📕 Indices CFDs
0	15
📔 ETFs
2,400	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
20	0
💸 Cryptocurrency CFDs
0	15
📒 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
$5 trade value	1 Share
📉 Minimum ETFs Trade Size
$5 trade value	Unavailable
📈 Minimum Crypto Trade Size
Varies per cryptocurrency	Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
Unavailable	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Unavailable	Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
4	500
💪 Professional Leverage
Unavailable	Unavailable
✍ 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
📺 cTrader
No	No
💻 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
No	Yes
Fees
💰 Inactivity Fee
None	$30 fee if there is no activity for 6 months or if the account balance falls below $500.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	Yes, from $3.5 per lot round turn
Spreads
📈 EUR/USD
Unavailable	Dynamic - From 0 pips
📉 SP500
Unavailable	Dynamic - From 30 Pips
📈 GOLD
Unavailable	Dynamic - From 11 pips
📉 TSLA (Stock CFD)
Dynamic - Market spread	Dynamic - From $0.48
📈 XLK (ETF - CFD)
Dynamic - Market spread	Unavailable
📉 BTC
Unavailable	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
📡 Educational Content
No	No
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	No