XTB
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77% of retail CFD accounts lose money

Vs.

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

XTB Vs. TMGM - Compare and Choose the Right One

Updated Dec 30 2021

Visit

77% of retail CFD accounts lose money

Visit

74-89% of retail CFD accounts lose money.

Overview

XTB is an international broker specialised in CFD trading and low cost forex spreads.

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
  • Experienced forex traders looking for low spreads
  • Experienced stock traders looking for trading particular stocks under low spreads (with commission)
  • Swing traders who can use high leverage
  • Stock traders who do not have access or funds to trade with specialised brokers
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The Good
  • Low forex & stock spreads
  • Professional platform with customisable layouts
  • High and flexible leverage
  • No deposit or withdrawal fees
  • Supports Expert Advisors (EAs), hedging and news trading
The Bad
  • No ability to remove or customise leverage
  • High commissions on stocks & ETFs
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • Only has financial derivatives (CFDs)
  • Inactivity fee is tied to minimum account balance
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
  • CySec (Cyprus)
  • FCA (UK)
  • CMNV (Spain)
  • UKNF (Poland)
  • ASIC (Australia)
  • FMA (New Zealand)
  • VFSC (Vanuatu)
📍 Year Founded
2002 2013
💳 Minimum Deposit
$, €, £ - 0 $, -100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Sofort
  • Neteller
  • Paypal
  • Skrill
  • Bank Transfer
  • Credit cards
  • Debit cards
  • FasaPay
  • Neteller
  • RMB Instant
  • Revolut
  • Paytrust
  • Skrill
  • Sticpay
  • UnionPay
  • Wise
💵 Account Base Currencies
5 - USD, GBP, EUR, PLN, HUF. 6 - EUR, USD, GBP, AUD, NZD, CAD
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, SY, IR. US.
📊 STP Account
Yes Yes
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets

CFDs on stocks, ETFs, commodities, currencies, indices and cryptocurrencies

CFDs on stocks, currencies, commodities and indices.

📙 Stocks
1,877 12,000+
📘 Currency Pairs
57 55
📗 Commodities
21 6
📕 Indices
36 15
📔 ETFs
135 N/A
💸 Cryptocurrencies
5 12
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

All XTB assets are CFDs.

All of TMGM's assets are CFDs

Trading Experience
📈 Minimum Stock Trade Size
$50 1 Share
📉 Minimum ETFs Trade Size
$50 N/A
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.01 BTC) Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 $1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 0.01 Troy ounces of Gold) 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
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:500
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes 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
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
Yes, $10 a month after 1 year of inactivity

$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
For Stocks and ETFs / 0.08% - $8 Minimum commission

Yes, from $3.5 per lot round turn

Spreads
📈 EUR/USD
Dynamic - From 0 to 0.8 Pips Dynamic - From 0 pips
📉 SP500
Dynamic - From 50 Pips Dynamic - From 30 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 11 pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $0.48
📈 XLK (ETF - CFD)
Dynamic - Market Spread N/A
📉 BTC
Dynamic - From $120 Dynamic - From $32
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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