TMS Brokers Review 2022

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TMS Brokers is a leading European trading broker providing powerful tools and a suite of financial instruments.

  • Best FX Broker 2020 - Invest Cuffs
  • Forecast Accuracy Ranking Q1 2019 - Bloomberg
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs
Demo AccountYes
Min. Deposit$0
Payment Methods
Min. Trade0.01 lots
Regulated ByPolish Financial Supervision Authority (KNF)
MetaTrader 4No
MetaTrader 5Yes
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes
Social TradingNo
Copy TradingNo
Trade SignalsYes
Islamic AccountNo
  • Cocoa
  • Gold
  • Silver
  • Wheat
CFD TradingFlexible contracts for difference are available in many markets, including FX, cryptos and stocks.
CFD FTSE Spread2.5
CFD GBPUSD Spread1.3
CFD Oil Spread0.04
CFD Stocks SpreadVariable
CFD Leverage1:20
Forex TradingTMS Brokers offers a suite of forex pairs with decent leverage levels.
Forex GBPUSD Spread1.3
Forex EURUSD Spread1.0
Forex EURGBP Spread1.0
Forex Assets42
Crypto TradingStart leveraged crypto trading against the US Dollar.
Crypto SpreadFloating
Crypto LendingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BTC
  • ETH
  • LTC
  • XRP
Risk Warning – Your capital is at risk

TMS Brokers is an award-winning Polish broker with offices across Europe. They offer trading on a range of markets including forex, indices, commodities and cryptocurrencies, via the TMS Smart Trading app or MT5 platform. In this article we review TMS Brokers’ app, demo account, spreads and more.

TMS Brokers Details

TMS Brokers S.A. is a Polish brokerage established over 20 years ago. It is regulated by the Polish Financial Supervision Authority and provides services to over 9,000 investors.

As of 2015, an associated company called TMS Brokers’ Europe Limited (Ltd) also existed in Malta. However, this company has now been dissolved and TMS Brokers S.A. supplies customers across Europe, with offices in Poland, Latvia, Russia, Spain and Lithuania. A deal was struck in September 2020 for Canadian firm Oanda to acquire TMS Brokers S.A.

Trading Platforms


The brokerage offer the latest version of the MetaTrader platform, MT5, which allows customers to trade multiple assets from their web browser, tablet or smartphone. The industry recognised MT5 is the successor to the popular MT4 trading platform, offering additional technical analysis and programming functionality.

MT5 offers three customisable chart types, with 21 timescale options (ranging from a minute to a month) and over 80 analytical tools, enabling advanced technical analysis of markets. Colour schemes and analytical objects applied to graphs can be saved as chart templates.

TMS Brokers MetaTrader 5
TMS Brokers MetaTrader 5

MT5 also offers automated trading capability using trading robots known as ‘Expert Advisors’. These robots can analyse quotes or execute trades on forex and exchange markets. Users can develop their own Expert Advisors using the MQL5 coding language, download free algorithms from the MQL5 codebase, or order paid-for custom robots from professional programmers.

TMS Smart Trading Platform

TMS Brokers also offers their proprietary TMS SmartTrader platform, which is accessed via a mobile app. From this, traders can access the entire spectrum of TMS investments, in addition to economic news. Customers can analyse markets through 6 types of interactive charts, with timescales from a minute to a day, and 12 indicator types to select from.

TMS Brokers Smart Platform
TMS Brokers Smart Platform


TMS Brokers offers trading across a range of instruments:

Customers should note that TMS Brokers predominantly operates as a market maker.

Spreads & Commission

The brokerage offers reasonable spreads, especially considering that there is no minimum deposit. A comparison of TMS Brokers vs competitor XTB showed that both brokers offer a spread of 1 pip for EUR/USD.

The company is transparent regarding current and historic spreads for all instruments traded using the TMS Connect account. From the asset list on their website, customers can open interactive charts showing up to 1 month of spread history offered by TMS Brokers, in addition to 6 months of price history for the market they are interested in.

The company does not charge a commission fee on currencies, indices, commodities or cryptocurrencies for Connect accounts. Commission starting from 5USD is applied to stocks.

Note, a commission fee is applied to some market types for professional accounts, so customers should check the professional fees and commissions table on the broker’s website for specific details.


The leverage available to customers varies depending on the instrument:

Leverage allows customers to increase their position for a given outlay, although they aren’t particularly generous and sit below the limits imposed by the Polish Financial Supervision Authority. However, customers should be aware of the risks involved in using leverage, which can result in higher losses as well as increased returns.

Mobile Apps

TMS Brokers has its own Android and iOS compatible Smart Trading mobile app, which is highly rated and available to download from the App Store and Google Play. Traders are able to analyse and trade on all TMS markets, as well as access information on which markets are hottest, based on other traders’ activity. The app is responsive, intuitive and allows for customisable dashboards.

TMS Brokers mobile trading
TMS Brokers mobile trading

Additionally, the MT5 platform offers an app where users can execute trades and perform market analysis on the go. Clients are also able to set up trade alerts via email or push notifications on the app, which is designed for smartphone and tablet use. The integrated chat forum lets users connect with the trading community to share strategies and insights.

TMS Brokers MetaTrader 5 mobile
TMS Brokers MetaTrader 5 mobile


TMS Brokers offer deposits via credit and debit card (Visa and Mastercard) and bank transfer.

Credit and debit card deposits are usually instant, but a deposit limit of 15,000 EUR applies.

Trustly can be used for instant bank transfers and supports major banks in Estonia, Finland, Spain, Poland, Sweden and Denmark. Deposits should be instantly credited to trading accounts, but can take up to one working day in some cases. Funds can also be deposited by regular bank transfer using banks in the Single Euro Payments Area (a list of member states can be found on the SEPA website). Deposits take between one and three working days using this method.

TMS does not charge any fees for these deposit services, although fees may apply for bank transfers. All methods require deposits to be in Euros, otherwise conversion costs may apply.

While there are no minimum deposit requirements, TMS Brokers recommends that clients deposit at least 100 EUR to avoid the 20 EUR fee charged for withdrawals below 100 EUR.

Demo Account

Clients have the option to open a demo account via the SmartTrader mobile platform, where they can practice trading with 50,000 EUR in virtual funds. This account provides all the functionality of a live account, in addition to a starter training package with five short lessons. These include details of how to set up your dashboard, open your first trade and close or modify a trade.

TMS Brokers Bonuses

TMS Brokers does not currently have any promotions or sign-up deals in place. However, previously they have offered promotions where customers could double their trading profits, or receive 20 EUR trading credit in exchange for phone number verification. Customers should therefore look out for promotions on TMS Brokers’ website.

Regulation Review

TMS Brokers is regulated by the Polish Financial Supervision Authority (KNF). Additionally, the company participates in the Polish Compensation Scheme (KDPW), which ensures protection of customers’ assets in the case where TMS Brokers declare bankruptcy. The scheme covers 100% of clients’ funds up to 3,000 EUR, and 90% of funds up to 22,000 EUR.

TMS Brokers provide additional protection with negative balance protection, which prevents clients losses exceeding their balance. Customers should be aware that their entire capital is still at risk, however.

Further details of TMS Brokers’ company status can be found on the Polish National Court Register, KRS number 0000204776, NIP 526.27.59.131.

Additional Features

TMS Brokers has a website section dedicated to education, offering free eBooks and webinars on topics such as trading strategies and specific markets. Videos are also available on the broker’s YouTube Channel. However, English language resources are very limited, with only two eBook offerings.

TMS Non Stop is a financial news source available on the company website and SmartTrader app. A live feed provides blog entries for a range of markets as well as an economic calendar that provides financial updates affecting forex, indices and commodities.

TMS Brokers economic calendar
TMS Brokers economic calendar

Trading Accounts

TMS Brokers offers the Connect account to retail clients, and Connect Professional account to professional clients. The standard Connect account offers full market access, no minimum deposits and competitive floating spreads.

To be eligible for the professional account, traders must meet at least two of the following criteria:

Professional accounts come with different margin rates and minimum trade volumes, but have a lower level of protection. Clients should refer to the relevant Financial Instruments Specification and Table of Fees and Commission documents for details of each, as fees, rates and volumes vary between markets.


There are several advantages to trading with TMS Brokers:


There are a few drawbacks associated with the brokerage:

Trading Hours

Forex trading hours are 24/5, however other market hours vary. TMS Brokers provides details of trading hours for every available asset on the ‘Where to Invest’ section of their website.

Customer Support

TMS Brokers has a Facebook messenger chat option embedded on their website, where customers can contact the customer service team using their Facebook login or as a guest. In addition, a telephone number and email address are provided for each office:



TMS Brokers’ registered address is ul. Złota 59, 00-120 Warsaw.


TMS Brokers confirms that personal data is collected in accordance with GDPR. We were also reassured to find that TMS only works with PCI-DSS Level 1 certified service providers, which is the highest level of compliance for companies that process credit card data.

TMS Brokers Verdict

TMS Brokers is a regulated provider, offering decent spreads, no minimum deposit and zero commission fees on forex, commodities, cryptocurrencies and indices with the Connect account. Customers can trade through the industry-leading MT5 platform or the highly-rated SmartTrader app. Leverage offerings aren’t particularly high but TMS Brokers offers a decent standard of security and is part of the Polish Compensation Scheme.

Accepted Countries

TMS Brokers accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use TMS Brokers from United States.

Compare TMS Brokers

Compare TMS Brokers with similar brokers that accept traders from your location. Among available brokers these are the most similar to TMS Brokers:

  1. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  2. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  3. World Forex – World Forex offers 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.
  4. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.

TMS Brokers Comparison Table

Compare TMS Brokers With Similar Brokers
TMS Brokers InstaForex IG Group World Forex AAAFx
Rating 4.1 4.4 3.9
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $0 $/€1 £250 $1 $10
Minimum Trade 0.01 lots 0.01 Lots 0.1 lots 0.01 Lots 0.01 lots
Regulators Polish Financial Supervision Authority (KNF) BVI FSC FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin SVGFSA HCMC (Greece), FSCA (South Africa)
Bonus 30% – 100% Welcome Bonus 100% Deposit Bonus 100% Deposit Bonus available for Global clients
Education No Yes No No
Platforms MT5 MT4, MT5 MT4 MT4, MT5 MT4, MT5
Leverage 1:20 1:1000 1:30 1:1000 1:30 EU, 1:500 Global
Payment Methods 5 11 6 10 9
Detailed Comparison TMS Brokers vs InstaForex TMS Brokers vs IG Group TMS Brokers vs World Forex TMS Brokers vs AAAFx
Review TMS Brokers
IG Group
World Forex

Compare Trading Instruments

Compare TMS Brokers Trading Instruments
TMS Brokers InstaForex IG Group World Forex AAAFx
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No Yes Yes Yes No
Gold Yes Yes Yes Yes Yes
Copper No No Yes No No
Silver Yes Yes Yes Yes No
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures Yes Yes Yes No No
Options No No Yes No No
ETFs No Yes Yes No No
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No Yes No No
Volatility Index No No Yes No No

TMS Brokers vs Other Brokers

Compare TMS Brokers with any other broker by selecting the other broker below.

TMS Brokers vs


Where is TMS Brokers regulated?

TMS Brokers is regulated by the Polish Financial Supervision Authority (KNF) under KPWiG-4021-54-1 / 2004. They also participate in the Polish Compensation Scheme (KDPW).

Are TMS Brokers on social media?

Yes, TMS Brokers have Facebook (TMSBrokersCOM) and Instagram (@tmsbrokers) accounts, with the Facebook account providing regular economic updates.

Do TMS Brokers offer a demo account?

TMS Brokers offer a demo account with 50,000 EUR of virtual funds, which can be accessed via their SmartTrader app.

What leverage do TMS Brokers offer?

TMS Brokers offer up to 1:20 leverage on forex, indices and commodities, up to 1:5 leverage on stocks, and up to 1:2 leverage on cryptocurrencies.

How much capital do I need to trade with TMS Brokers?

There are no minimum deposit requirements to trade with TMS Brokers. However, they recommended a minimum deposit of 100 EUR to avoid the fee charged for withdrawals below 100 EUR.

TMS Brokers is a leading European trading broker providing powerful tools and a suite of financial instruments.