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WINNER
Kwakol Markets is the better broker
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3.4
 Traders from US not accepted
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2.4
 Traders from US accepted
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TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost. |
Kwakol offers trading on the MT4 & MT5 platforms with high leverage & copy trading. |
Pros |
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- Demo account
- Copy trading
- MT4 integration
- Full range of investments
|
Awards |
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- Best Broker Africa 2022 - UF Awards
- Most Trusted Broker Nigeria 2022 - UF Awards
- Best Emerging Broker 2022 - - UF Awards
|
Promotions |
$176,500 Prize Pot Up For Grabs In The TMGM Ultimate Trading Competition
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|
Bonus |
Point-based loyalty system |
|
Instruments |
CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex |
CFDs, Stocks, Indices, Commodities, Forex, Cryptos |
Demo Account |
Yes |
Yes |
Minimum Deposit |
$100 |
$1 |
Payment Methods |
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|
Minimum Trade |
0.01 lots |
0.01 Lots |
Regulator |
ASIC, FMA, VFSC |
ASIC, FINTRAC |
Margin Trading |
Yes |
Yes |
MetaTrader 4 |
Yes |
Yes |
MetaTrader 5 |
Yes |
Yes |
cTrader |
No |
No |
AlgoTrader |
No |
No |
OmniTrader |
No |
No |
TradingView |
Yes |
No |
Autochartist |
No |
Yes |
eSignal |
No |
No |
Trading Central |
Yes |
No |
STP Account |
No |
Yes |
ECN Account |
Yes |
Yes |
DMA Account |
Yes |
No |
MAM Account |
Yes |
No |
PAMM Account |
Yes |
No |
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 |
Yes |
No |
Mobile Apps |
iOS & Android |
iOS & Android |
Auto Trading |
Yes |
EAs |
Copy Trading |
Yes |
Yes |
Copy Trading Platform |
Copy trading through HUBx, a service designed to help investors automatically mirror the positions of successful traders. |
Kwakol Invest offers straightforward copy trading, connecting newbies with experienced traders. Clients only pay a fee on profitable trades. |
Social Trading |
No |
No |
Trade Signals |
MT4 Expert Advisors (EAs) |
|
VPS Hosting |
Yes |
No |
Tournaments |
Yes |
Yes |
Demo Competitions |
No |
No |
Ethical Investing |
No |
No |
Custodial Account |
No |
No |
Guaranteed Stop Loss |
No |
No |
Inactivity Fee |
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$10 |
Islamic Account |
Yes |
Yes |
Account Currencies |
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|
Stock Exchanges |
|
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Commodities |
|
|
CFD Trading |
TMGM offers a massive range of CFD instruments, encompassing more than 12,000 global equities, indices, currency pairs and commodities |
Trade CFDs with high leverage and spreads from 0.0 pips on premium accounts. |
Leverage |
1:500 |
1:1000 |
FTSE Spread |
4.0 |
From 0.8 pips (Standard Account) |
GBPUSD Spread< |
1.4 |
From 0.8 pips (Standard Account) |
Oil Spread |
0.0 |
From 0.8 pips (Standard Account) |
Stocks Spread |
Variable |
From 0.8 pips (Standard Account) |
Forex Trading |
TMGM supports forex trading on all three of its platforms with competitive spreads and VPS hosting services |
Trade forex with ECN executions and tight spreads. |
GBPUSD Spread |
1.4 |
From 0.8 pips (Standard Account) |
EURUSD Spread |
0.3 |
From 0.8 pips (Standard Account) |
EURGBP Spread |
0.2 |
From 0.8 pips (Standard Account) |
Assets |
50+ |
100 |
Cryptocurrency |
TMGM supports crypto CFD trading, pegging each token against the USD. Up to 1:20 leverage |
Trade cryptos against fiat currencies, other cryptocurrencies and metals like gold. |
Spread |
Variable |
From 0.8 pips (Standard Account) |
Coins |
- BTC
- BCH
- ETH
- LTC
- XRP
- BNB
- DOT
- EOS
- LINK
- UNI
- XTZ
- XLM
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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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More Comparisons |
TMGM vs |
Kwakol Markets vs |