ForexChief vs TMGM

ForexChief vs TMGM Comparison Table 2023
ForexChief TMGM
3.3

ForexChief is #5 in our CFD broker rankings.

3.4
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.

TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost.

Pros
  • Full range of investments
  • Low minimum deposit
  • MT4 integration
  • Copy trading
Cons
  • Weak regulatory oversight
Promotions

Download The ForexChief App For A $100 No Deposit Bonus

Bonus
$100 No Deposit Bonus Point-based loyalty system
Instruments
CFDs, Forex, Metals, Commodities, Stocks, Indices CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex
Demo Account
Yes Yes
Minimum Deposit
$10 $100
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
VFSC ASIC, FMA, VFSC
Margin Trading
Yes Yes
Margin Rate
0.1%
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
Yes No
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
EAs Yes
Copy Trading
Yes Yes
Copy Trading Platform
Clients can follow copy trading signals on the MetaTrader platform. Alternatively, signal providers can generate extra income by selling their positions. Copy trading through HUBx, a service designed to help investors automatically mirror the positions of successful traders.
Social Trading
No No
Trade Signals
Yes MT4 Expert Advisors (EAs)
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
Stock Exchanges
Commodities
CFD Trading
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. TMGM offers a massive range of CFD instruments, encompassing more than 12,000 global equities, indices, currency pairs and commodities
Leverage
1:1000 1:500
FTSE Spread
70 4.0
GBPUSD Spread<
0.9 1.4
Oil Spread
12 0.0
Stocks Spread
50 Variable
Forex Trading
ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs on both MT4 and MT5. TMGM supports forex trading on all three of its platforms with competitive spreads and VPS hosting services
GBPUSD Spread
0.9 1.4
EURUSD Spread
0.4 0.3
EURGBP Spread
0.9 0.2
Assets
40 50+
Cryptocurrency
ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar. TMGM supports crypto CFD trading, pegging each token against the USD. Up to 1:20 leverage
Spread
Variable Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • DOT
  • EOS
  • LINK
  • UNI
  • XTZ
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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