XTB vs TMGM

XTB vs TMGM Comparison Table 2024
XTB	TMGM
Review 4.8	Review 3.4

Founded in 2002 in Poland, XTB now serves more than 935,000 clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 5,600+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.	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.
78% of retail accounts lose money.
Customer Reviews
4.5 Based on 2 XTB customer reviews
Bonus Offer
	Point-based loyalty system
Comment by Reviewer
"XTB stands out as a top choice for new day traders with the terrific xStation platform, commission-free pricing, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform. "	"TMGM is a great all-round choice thanks to its huge range of assets, diverse account types and platform choices, plus competitive pricing."
Pros
With over 5,600 instruments across forex, stocks, indices, ETFs, commodities, and cryptocurrencies, including CFDs, share dealing and more recently Investment Plans, XTB caters to both short-term traders and longer-term investors. The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders. With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels. XTB has boosted its interest rate on all uninvested balances (up to 5.2%) while competitors like eToro only offer up to 5% on balances of $50K+. Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders. First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing. XTB offers fast withdrawals with same-day payments if requested before 1 pm, ensuring day traders have quick access to their funds.	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
Cons
XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads. The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds. XTB discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced day traders familiar with the MetaTrader suite. Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months. The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks. Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.	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
Awards
Best Forex Broker for Beginners 2022 Best Customer Service 2021 Best Forex Broker for Low Costs 2021 Best Mobile App for Investing 2020 #1 EMEA Bloomberg spot for FX accuracy in Q2 of 2020 and Q3 of 2018 Best Polish Forex Broker 2019 Best Execution Broker 2019
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs	CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex
Demo Account
Yes	Yes
Minimum Deposit
$0	$100
Trading Platforms
xStation	MT4 MT5 TradingView TradingCentral
Payment Methods
Credit Card Debit Card Maestro Mastercard Neteller PayPal Paysafecard Skrill Visa Wire Transfer	Alipay Credit Card Debit Card FasaPay Mastercard Neteller Skrill UnionPay Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, CySEC, KNF, CNMV, DFSA, FSC	ASIC, FMA, VFSC
Margin Trading
Yes	Yes
Margin Rate
4.5%
STP Account
Yes	No
ECN Account
No	Yes
DMA Account
Yes	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
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	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
Year after year XTB’s app stands out for its slick design and uncluttered interface that we love. It’s quick, responsive and packed with useful features, notably integrated sentiment data, market news, economic calendars and education. The user-friendly order panel underneath the trading chart also makes placing trades, including adding take profit and stop loss levels, really straightforward.
Android App Rating
4.1
iOS App Rating
4.7
Auto Trading
Open API	Yes
Copy Trading
No	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.
Social Trading
No	No
Trade Signals
Yes	MT4 Expert Advisors (EAs)
VPS Hosting
No	Yes
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP HUF	USD EUR GBP CAD AUD NZD
Stock Exchanges
Australian Securities Exchange (ASX) Bombay Stock Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange Russell 2000 S&P 500 SIX Swiss Exchange	Australian Securities Exchange (ASX) 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
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Nickel Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat Zinc	Gold Natural Gas Oil Platinum Silver
CFD Trading
XTB offers a huge selection of more than 2,100 CFDs spanning forex, indices, commodities, stocks, ETFs, and cryptos (location-dependant). Leverage up to 1:30 is available in the EU and UK, while global clients and pro traders can access up to 1:500. XTB stands out for its CFD trading resources and tutorials to assist traders in developing short-term trading strategies.	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.
Leverage
1:30 (EU) 1:500 (Global)	1:500
FTSE Spread
1.8	4.0
GBPUSD Spread
1.4	1.4
Oil Spread
0.03	0.0
Stocks Spread
0.2%	Variable
Forex Trading
XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques.	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.
Forex App
With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here.
GBPUSD Spread
1.4	1.4
EURUSD Spread
1.0	0.3
EURGBP Spread
1.4	0.2
Assets
70+	50+
Cryptocurrency
XTB offers an excellent selection of cryptos with more than 50 digital currencies. Spreads are tight starting from 0.22% on BTC and leverage reaches 1:5. The xStation platform also provides intra-crypto pairs like ETH/BTC and DSH/BTC. With the capability to trade cryptos 24/7, XTB ensures a secure environment with transparent accounts for cryptocurrency day trading.	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.
Spread
0.22%	Variable
Coins
ADA BTC BCH DSH EOS ETH IOTA LTC NEO XRP XLM TRX XEM XLM XMR DOGE BNB LINK UNI DOT XTZ	BTC BCH ETH LTC XRP BNB DOT EOS LINK UNI XTZ XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
78% of retail accounts lose money.
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