TMGM vs World Forex

TMGM vs World Forex Comparison Table 2023
TMGM World Forex
3.4
4

World Forex is #7 in our binary options broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

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.

World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

Bonus Offer
Point-based loyalty system 100% Deposit Bonus
Promotions

World Forex Cashback Club: Earn $25 Per Lot Traded

Comment by Reviewer
"TMGM is a great all-round choice thanks to its huge range of assets, diverse account types and platform choices, plus competitive pricing." "World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."
Pros
  • Huge range of assets including 10,000 global stocks
  • Well-regulated and reputable brand with a solid client base
  • Excellent platform support with MetaTrader 4, MetaTrader 5 and IRESS
  • Low trading fees with spreads from 1 pip on the classic account and from zero with $7 round-turn commissions on the raw spread account
  • Good range of rewards and bonuses offered through a points-based loyalty system
  • Accommodates new and time-poor traders with copy trading support from HUBx
  • Free VPS for automated trading
  • A wide range of assets to trade, including via digital contracts
  • Several different account types with varied pricing structures
  • MT4, MT5 and a proprietary trading terminal
  • Swap-free account available
  • 10+ accepted payment methods
  • Low deposit of $1
  • Copy trading solution
  • Educational content
  • STP/ECN technology
  • Demo account
  • VPS hosting
Cons
  • Shares are only available on the IRESS account, and not tradeable via MT4 and MT5
  • $30 fee levied monthly on accounts which are inactive for 6 months or have a balance below $500
  • Weak regulation
  • Withdrawal fees apply
  • No negative balance protection
Instruments
CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account
Yes Yes
Minimum Deposit
$100 $1
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • TradingCentral
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FMA, VFSC SVGFSA
Margin Trading
Yes Yes
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS, Android + Web Browser
Auto Trading
Yes Yes
Copy Trading
Yes Yes
Copy Trading 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. Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution.
Social Trading
No No
Trade Signals
MT4 Expert Advisors (EAs) Yes
VPS Hosting
Yes Yes
Tournaments
Yes Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • USD
  • EUR
  • RUB
Stock Exchanges
Commodities
CFD Trading
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. World Forex's leveraged CFDs are available on a modest suite of 100+ instruments, including stocks, commodities and forex. Very high leverage up to 1:1000 is available for account balances up to $1000, with lower levels available to accounts with higher balances.
Leverage
1:500 1:1000
FTSE Spread
4.0 NA
GBPUSD Spread
1.4 NA
Oil Spread
0.0 NA
Stocks Spread
Variable From 0.03
Forex Trading
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. World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types.
GBPUSD Spread
1.4 From 0.6
EURUSD Spread
0.3 From 0.6
EURGBP Spread
0.2 From 0.6
Assets
50+ 53
Cryptocurrency
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. Traders can access CFDs on crypto assets through World Forex's dedicated W-CRYPTO accounts, which offer leveraged cryptocurrency trading with spreads from zero. We rate that you can trade on 10 cryptos paired with the USD and EUR, while crypto-crypto pairs are also available.
Spread
Variable 0
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • DOT
  • EOS
  • LINK
  • UNI
  • XTZ
  • XLM
  • BTC
  • DSH
  • LTC
  • ETH
  • ZEC
  • XRP
  • BCH
  • XMR
  • EOS
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry.
Payout
100%
Expiry Times
1 minute - 7 days
Ladder Options
No No
Boundary Options
No No
More Comparisons
TMGM
vs
World Forex
vs