TMGM vs Plus500

TMGM vs Plus500 Comparison Table 2022
TMGM Plus500
Not Yet Rated
United States Flag Traders from US not accepted
4.5
United States Flag Traders from US not accepted
TMGM is a competitive Australian forex and CFD broker with a wide range of instruments, features and tools provided at low-cost An investor with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.
73% of retail CFD accounts lose money.
Awards
Best Overall Broker 2021 - DayTrading.com
Best Overall Broker 2020 - DayTrading.com
Best Overall Broker 2019 - DayTrading.com
Bonus
None None
Instruments
Stocks, CFD, Forex, Crypto CFDs
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Credit Card, Debit Card, FasaPay, Mastercard, Neteller, POLi, Skrill, Sticpay, UnionPay, Visa, Wire Transfer Credit Card, Debit Card, Mastercard, PayPal, Skrill, Swift, Visa, Wire Transfer
Minimum Trade
0.01 lots Varies by asset
Regulator
ASIC, FMA, VFSC FCA, MAS, CySec, ASIC, FSA
Margin Trading
No Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
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 Yes
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS, Android and Windows
Auto Trading
Yes -
Trade Signals
- -
VPS Hosting
Yes No
Tournaments
Yes No
Demo Competitions
Yes No
Ethical Investing
No Yes
Social Trading
No No
Copy Trading
No No
Islamic Account
Yes No
Account Currencies
USD, EUR, GBP, CAD, AUD, NZD USD, EUR, GBP, AUD, ZAR, CZK
CFD
TMGM offers a massive range of CFD instruments, encompassing more than 12,000 global equities, indices, currency pairs and commodities
Leverage
1:500 1:30
FTSE Spread
2 Variable
GBPUSD Spread
0 Variable
Oil Spread
0 Variable
Stocks Spread
Variable Variable
Forex
TMGM supports forex trading on all three of its platforms with competitive spreads, no commissions and VPS hosting services Forex trading not offered
GBPUSD Spread
0 Variable
EURUSD Spread
0 Variable
EURGBP Spread
0.2 Variable
Assets
60 70+
Cryptocurrency
TMGM supports crypto CFD trading for clients from countries where this is legal, pegging each token against the USD Crypto trading not offered
Spread
Variable Variable
Coins
BTC, ETH, LTC, XRP, UNI, LINK, BCH BCH, BTC, ETH, LTC, XRP, IOTA, NEO, EOS, XMR
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- No
Auto Market Maker
No No
73% of retail CFD accounts lose money.
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