TMGM vs Plus500

TMGM vs Plus500 Comparison Table 2023
TMGM	Plus500
Review 3.4	Review 4.1
Traders from US not accepted	Traders from US not accepted
TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost.	Plus500 is a leading global broker with millions of registered traders and multiple awards. The company specializes in CFDs on its intuitive, proprietary platform and app. The broker also has a high safety rating with licenses from reputable regulators, including in the UK, Europe and Australia.
	79% of retail CFD accounts lose money.
Bonus Offer
Point-based loyalty system
Promotions
TMGM Competition: 20 Winners To Take Home $194,500 Prize Pool
Comment by Reviewer
	"Plus500 is a great option for CFD traders seeking a trustworthy broker with extensive market access, low fees and a beginner-friendly trading platform."
Pros
	No commissions and tight spreads on over 2,800 instruments across forex, shares, indices, commodities, options and ETFs Premium service for professional traders with added benefits including external webinars, expert analysis and a dedicated client manager ESG investing opportunities through a range of equities and indices, including the Global Warming Reduction Index Unique +Insights feature offering real-time trading analysis to uncover trends and market sentiment Excellent reputation with 24 million clients worldwide and licensed in multiple jurisdictions Reliable 24/7 customer support via email, telephone, live chat and WhatsApp Excellent risk management tools including guaranteed stop loss orders Authorized by tier-one regulators including the FCA
Cons
	No MetaTrader 4 integration $10 monthly inactivity fee No copy trading
Awards
	Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com
Instruments
CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex	CFDs (forex, commodities, ETFs, options, etc.), Shares, Futures
Demo Account
Yes	Yes
Minimum Deposit
$100	$100
Payment Methods
Alipay Credit Card Debit Card FasaPay Mastercard Neteller Skrill UnionPay Visa Wire Transfer	Apple Pay Credit Card Debit Card Google Wallet Mastercard PayPal POLi Skrill Swift Trustly Visa Wire Transfer
Minimum Trade
0.01 lots	Varies by asset
Regulator
ASIC, FMA, VFSC	FCA, MAS, CySEC, ASIC, FSA, FSCA, FMA, DFSA, EFSA
Margin Trading
Yes	Yes
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
No	No
eSignal
No	No
Trading Central
Yes	No
STP Account
No	No
ECN Account
Yes	No
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	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS, Android and Windows
Auto Trading
Yes
Copy Trading
Yes	No
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
MT4 Expert Advisors (EAs)
VPS Hosting
Yes	No
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD NZD	USD EUR GBP AUD ZAR CZK
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange	Australian Securities Exchange Borsa Italiana Deutsche Boerse Euronext London Stock Exchange SIX Swiss Exchange
Commodities
Gold Natural Gas Oil Platinum Silver	Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Livestock Oil Platinum Silver Soybeans Steel Sugar
CFD Trading
TMGM offers a massive range of CFD instruments, encompassing more than 12,000 global equities, indices, currency pairs and commodities	Commission-free CFDs span an excellent range of markets. Traders can go long or short on popular assets with flexible leverage and competitive spreads.
Leverage
1:500	1:30
FTSE Spread
4.0	Variable
GBPUSD Spread
1.4	Variable
Oil Spread
0.0	Variable
Stocks Spread
Variable	Variable
Forex Trading
TMGM supports forex trading on all three of its platforms with competitive spreads and VPS hosting services	Plus500 offers forex trading via CFDs with tight, variable spreads and an impressive range of over 70 currency pairs.
Forex App
	Plus500 have developed their mobile apps to match the WebTrader online platform . Secure, reliable and uncomplicated, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
GBPUSD Spread
1.4	Variable
EURUSD Spread
0.3	Variable
EURGBP Spread
0.2	Variable
Assets
50+	70+
Cryptocurrency
TMGM supports crypto CFD trading, pegging each token against the USD. Up to 1:20 leverage	Crypto trading not offered
Spread
Variable	Variable
Coins
BTC BCH ETH LTC XRP BNB DOT EOS LINK UNI XTZ XLM	BCH BTC ETH LTC XRP IOTA NEO EOS XMR
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	79% of retail CFD accounts lose money.
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