Global Prime vs TMGM
Global Prime | TMGM |
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3.8
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3.4
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Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC. |
TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round. |
Bonus Offer | |
Point-based loyalty system | |
Comment by Reviewer | |
"Global Prime is suitable for both beginners and seasoned traders with excellent market access, low fees and a range of tools including copy trading." | "TMGM is a great all-round choice thanks to its huge range of assets, diverse account types and platform choices, plus competitive pricing." |
Pros | |
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Cons | |
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Instruments | |
Forex, indices, commodities, cryptocurrencies, shares, bonds | CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
A$200 | $100 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
ASIC, VFSC, FSA | ASIC, FMA, VFSC |
Margin Trading | |
Yes | Yes |
STP Account | |
Yes | No |
ECN Account | |
Yes | Yes |
DMA Account | |
No | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
No | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
Yes | 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 | Yes |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service. Over 40 different setups can be copied on the popular Myfxbook Autotrade platform. | Copy trading is available through HUBx, a service designed to help investors automatically mirror the positions of successful traders. This is ideal if you want hands-off access to popular financial markets. |
Social Trading | |
Yes | No |
Trade Signals | |
MT4 Expert Advisors (EAs) | |
VPS Hosting | |
Yes | Yes |
Tournaments | |
No | Yes |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Global Prime offers CFD trading opportunities on 150+ global markets including forex, indices, commodities, cryptocurrencies and bonds. Spreads are tight with a raw ECN account available starting from zero. | Trade CFDs on a broad range of asset classes including forex, energies, precious metals, company shares, indices and cryptos. The excellent trade execution and opportunity to trade with direct market access pricing sets this broker apart from rivals. |
Leverage | |
1:200 | 1:500 |
FTSE Spread | |
0.84 | 4.0 |
GBPUSD Spread | |
0.64 | 1.4 |
Oil Spread | |
1.6 | 0.0 |
Stocks Spread | |
Variable | Variable |
Forex Trading | |
Global Prime traders can access 48 forex pairs including majors, minors and exotics with tight spreads from 0.9 with no commission or from 0 with a $7 round turn. Forex is traded via the leading MT4 platform, micro lots are available and latency is low via a New York-based server. | Trade 50+ forex pairs, including popular major, minor and exotic pairs. This is a decent selection, but traders will have a choice between the attractive MT4, MT5 or IRESS platforms and regulatory cover from ASIC. The VPS will also suit automated forex trading strategis. |
GBPUSD Spread | |
0.75 | 1.4 |
EURUSD Spread | |
0.16 | 0.3 |
EURGBP Spread | |
0.85 | 0.2 |
Assets | |
48 | 50+ |
Cryptocurrency | |
Global Prime crypto CFDs cover a good range of 35 tokens with impressive commissions of 0.1% and leverage available in some jurisdictions. The tokens include Bitcoin, Ethereum and other popular choices as well as smaller tokens like Sandbox and Avalanche. | Trade CFDs on 12 major cryptocurrencies including BTC and ETH in pairs with USD and with leverage up to 1:20. The dozen tokens on offer is very respectable for a CFD broker, though crypto traders looking for emerging tokens will prefer an exchange or dedicated crypto broker. |
Spread | |
Floating | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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