Fortrade vs TMGM

Fortrade vs TMGM Comparison Table 2023
Fortrade TMGM
3.8
3.4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Fortrade is a multi-asset broker offering a simple live account with advanced trading tools and daily analysis features.

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

Pros
  • Demo account
  • MetaTrader 4
  • Strong regulatory oversight
Cons
  • Slow deposit process
  • Withdrawal fees
Promotions

$176,500 Prize Pot Up For Grabs In The TMGM Ultimate Trading Competition

Bonus
Point-based loyalty system
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
FCA, ASIC, CySEC, NBRB, FSC, IIROC ASIC, FMA, VFSC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
Yes Yes
STP Account
No No
ECN Account
Yes Yes
DMA Account
Yes Yes
MAM Account
Yes 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
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes (EAs) Yes
Copy Trading
No Yes
Copy Trading Platform
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
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
Stock Exchanges
Commodities
CFD Trading
Trade multiple financial assets with flexible leverage TMGM offers a massive range of CFD instruments, encompassing more than 12,000 global equities, indices, currency pairs and commodities
Leverage
1:30 (varies by entity) 1:500
FTSE Spread
2 4.0
GBPUSD Spread<
2 1.4
Oil Spread
0.04 0.0
Stocks Spread
Variable Variable
Forex Trading
Trade 50+ major and minor forex pairs TMGM supports forex trading on all three of its platforms with competitive spreads and VPS hosting services
Forex App

The Fortrader mobile app can be used to trade 50+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.

GBPUSD Spread
2 1.4
EURUSD Spread
2 0.3
EURGBP Spread
3 0.2
Assets
50+ 50+
Cryptocurrency
Trade four leading crypto coins 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
  • DSH
  • LTC
  • ETH
  • 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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