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Our top alternative brokers to TMGM
Eightcap
4.3
Open account
74-89% of retail CFD accounts lose money
Fusion Markets
4.5
Open account
74-89% of retail CFD accounts lose money
Our top alternative brokers to TMGM
Eightcap
4.3
Open account
74-89% of retail CFD accounts lose money
Fusion Markets
4.5
Open account
74-89% of retail CFD accounts lose money
TMGM Alternatives

The best alternatives to TMGM are

  1. Eightcap - Global forex broker
  2. Fusion Markets - Australian forex broker
  3. Axi - Australian forex broker
  4. Pepperstone - Australian forex broker

Let's see in a bit more detail how the TMGM alternatives compare to TMGM and each other:

TMGM alternatives comparison
TMGM Eightcap Fusion Markets Axi Pepperstone
Overall score 4.3 4.3 4.5 4.4 4.6
Fees score 4.6 stars 4.7 stars 4.8 stars 4.6 stars 4.4 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 4.4 stars 5.0 stars
Deposit and withdrawal score 4.3 stars 4.5 stars 4.4 stars 4.4 stars 4.3 stars
Web platform score 2.8 stars 3.0 stars 2.8 stars 2.8 stars 2.8 stars
Markets and products score 1.9 stars 1.3 stars 1.8 stars 1.8 stars 1.7 stars
Open account
74-89% of retail CFD accounts lose money
Open account
74-89% of retail CFD accounts lose money
Open account
74-89% of retail CFD accounts lose money
Open account
76.4% of retail CFD accounts lose money
Open account
74-89% of retail CFD accounts lose money

Why are these brokers considered good alternatives to TMGM? There are many areas based on which TMGM can be compared with others. When we say a given online broker is a good alternative to TMGM we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

TMGM alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • TMGM is recommended for forex traders who prefer the metatrader platform
  • Eightcap is recommended for forex traders who prefer the metatrader platform
  • Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
  • Axi is recommended for forex traders familiar with the metatrader 4 platform
  • Pepperstone is recommended for forex traders looking for great account opening and customer service

Important factors of finding TMGM alternatives

So far BrokerChooser has reviewed 81 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether TMGM or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. TMGM is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost TMGM alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At TMGM this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at TMGM, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given TMGM alternative is a must.


Now let's dive into the details of how TMGM and its alternatives perform in the most important areas!

TMGM alternatives
TMGM

TMGM, or Trademax Global Markets, is an Australia-based global forex broker founded in 2013. The company has several branches and is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

TMGM is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who prefer the metatrader platform

Pros Cons
Low forex fees Slim product portfolio
Easy and fast account opening Limited research and educational tools
Free deposit and withdrawal No negative balance protection

Open account
74-89% of retail CFD accounts lose money

Fees
4.6

TMGM has low forex and CFD fees. In addition, non-trading fees are low and the broker doesn't charge fees for inactivity and withdrawals.
Pros Cons
Low forex fees None
No withdrawal fee
No inactivity fee
TMGM alternatives trading fees
TMGM Eightcap Fusion Markets Axi Pepperstone
EURUSD benchmark fee $6.8 $5.0 $5.2 $5.6 $7.1
EURGBP benchmark fee $7.8 $5.6 $5.1 $4.5 $8.9

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Open account More
74-89% of retail CFD accounts lose money

Account opening
5.0

The account opening process at TMGM is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
TMGM alternatives minimum deposit and account open times
TMGM Eightcap Fusion Markets Axi Pepperstone
Minimum deposit $100 $100 $0 $0 $0
Time to open account 1 day 1 day 1 day 1-3 days 1 day

Learn more about TMGM minimum deposit here.

Open account More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.3

TMGM's depositing and withdrawal services are great. Many options are available for moving your money in and out, and they are free of charge.
Pros Cons
Credit/Debit card available Minor currencies not accepted
Free withdrawal
No deposit fee
TMGM and alternatives withdrawal options and fees
TMGM Eightcap Fusion Markets Axi Pepperstone
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No Yes No Yes
Electronic wallets Yes Yes No Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Open account More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

TMGM uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but its design is outdated and it lacks a two-step login and price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
TMGM - Web trading platform
TMGM and alternatives trading platform scores
TMGM Eightcap Fusion Markets Axi Pepperstone
Web platform score 2.8 stars 3.0 stars 2.8 stars 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars 3.8 stars 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars 3.4 stars 3.4 stars 3.4 stars

Learn more about TMGM's web trading platform in the detailed TMGM review.

Open account
74-89% of retail CFD accounts lose money

Markets and products
1.9

At TMGM, you can trade only forex, CFDs and cryptos. This means that many popular asset classes, like real stocks and ETFs, are not available.
TMGM and alternatives markets and products
TMGM Eightcap Fusion Markets Axi Pepperstone
Stock No No No No No
ETF No No No No No
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

Open account More
74-89% of retail CFD accounts lose money

Verdict

TMGM's forex fees are low and account opening is fast and easy. Deposits and withdrawals are free of charge and the process is user-friendly.

On the other hand, the product portfolio covers only forex and CFDs. In addition, clients are not covered by any investor protection.

Feel free to try TMGM, as you will have an account within a day and there is no inactivity fee.

TMGM
Summary TMGM is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients.
Fees score 4.6 stars
Recommended for Forex traders who prefer the MetaTrader platform

Open account More
74-89% of retail CFD accounts lose money

TMGM alternatives
Eightcap

Eightcap is an Australian global forex broker that was founded in 2009. The company operates two entities, regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Eightcap is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who prefer the metatrader platform

Pros Cons
Low forex fees Slim product selection
Seamless, quick account opening Limited research and educational tools
Free deposit and withdrawal No negative balance protection

Open account
74-89% of retail CFD accounts lose money

Fees
4.7

Eightcap has low forex and CFD fees, especially if you choose the Raw account. There are also no inactivity or withdrawal fees you have to pay.
Pros Cons
Low trading fees None
Low non-trading fees
Low forex fees
TMGM vs. Eightcap: Trading fees
Eightcap TMGM
EURUSD benchmark fee $5.0 $6.8
EURGBP benchmark fee $5.6 $7.8

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Open account More
74-89% of retail CFD accounts lose money

Account opening
5.0

Opening an account at Eightcap is seamless and fast. The whole process is fully digital and your account should be approved within one day.
Pros Cons
Fully digital None
Low minimum deposit
User-friendly
TMGM vs. Eightcap: Minimum deposit, time to open an account
Eightcap TMGM
Minimum deposit $100 $100
Time to open account 1 day 1 day

If you are interested more in Eightcap minimum deposit, this overview will help you.

Open account More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.5

At Eightcap deposits are free, as are most withdrawal methods, with e-wallet options also available. The selection of account base currencies is limited however to major currencies.
Pros Cons
Credit/Debit card available No minor currencies available
Free withdrawal
No deposit fee
TMGM vs. Eightcap: Withdrawal options
Eightcap TMGM
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
74-89% of retail CFD accounts lose money

Web trading platform
3.0

Surprisingly, MT4 web is not available at Eightcap, only MT5, which is a bummer. The platform itself is similar to MT4 - it is customizable, but has more order types. However, price alerts are still not available, and there's no two-factor authentication.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Good variety of order types
Web trading platform of Eightcap, a TMGM alternative
TMGM vs. Eightcap: Trading platform scores
Eightcap TMGM
Web platform score 3.0 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Eightcap's web trading platform in the detailed Eightcap review.

Open account
74-89% of retail CFD accounts lose money

Markets and products
1.3

Eightcap's product selection covers only forex and CFDs for MT4 users. MT5 users can also access CFD cryptos but overall, popular asset types like real stocks and ETFs are not available.
TMGM vs. Eightcap: Markets and products
Eightcap TMGM
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Open account More
74-89% of retail CFD accounts lose money

Verdict

We recommend Eightcap for users looking for a MetaTrader 4-5 broker with low forex fees and fast and easy account opening. It is also great that deposits and withdrawals are free of charge on the broker's end, with a user-friendly process.

On the other hand, available products are limited to CFDs, forex and cryptos (for MT5 clients). Also, clients are not covered by a negative balance protection scheme.

Feel free to try Eightcap if you'd like to have a verified broker account with low forex fees within a day.

Eightcap
Summary Eightcap is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients.
Fees score 4.7 stars
Recommended for Forex traders who prefer the MetaTrader platform

Open account More
74-89% of retail CFD accounts lose money

TMGM alternatives
Fusion Markets

Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform

Pros Cons
Low trading and non-trading fees Basic educational tools
Fast and easy account opening Limited product selection
Great customer service No investor protection

Open account
74-89% of retail CFD accounts lose money

Fees
4.8

Fusion Markets has low forex and CFD fees and charges no inactivity or withdrawal fees.
Pros Cons
Low non-trading fees None
Low forex fees
No withdrawal or inactivity fees
TMGM vs. Fusion Markets: Trading fees
Fusion Markets TMGM
EURUSD benchmark fee $5.2 $6.8
EURGBP benchmark fee $5.1 $7.8

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Open account More
74-89% of retail CFD accounts lose money

Account opening
5.0

Account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
TMGM vs. Fusion Markets: Minimum deposit, time to open an account
Fusion Markets TMGM
Minimum deposit $0 $100
Time to open account 1 day 1 day

If you are interested more in Fusion Markets minimum deposit, this overview will help you.

Open account More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.4

Fusion Markets does not charge any fees for deposits and most withdrawal options. You can use bank transfer, credit/debit cards and electronic wallets for adding money; however, there are no minor account currencies accepted.
Pros Cons
Credit/Debit card available No minor account currencies accepted
Free withdrawal
No deposit fee
TMGM vs. Fusion Markets: Withdrawal options
Fusion Markets TMGM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

Open account More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of Fusion Markets, a TMGM alternative
TMGM vs. Fusion Markets: Trading platform scores
Fusion Markets TMGM
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.

Open account
74-89% of retail CFD accounts lose money

Markets and products
1.8

Fusion Markets gives access to many currency pairs and some CFDs. On the other hand, it lacks a lot of popular asset classes, such as real stocks, ETFs and funds.
TMGM vs. Fusion Markets: Markets and products
Fusion Markets TMGM
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Open account More
74-89% of retail CFD accounts lose money

Verdict

Fusion Markets is a great forex broker with very low fees. 

It offers low trading and non-trading fees. Account opening is fast and easy, and customer service provides quick and relevant answers.

On the negative side, Fusion Markets has limited educational tools. The product offering covers only forex and some CFDs. Lastly, there is no investor protection provided.

As you can open an account within a day and fees are low, feel free to try Fusion Markets.

Fusion Markets
Summary Fusion Markets is an Australia-based discount forex broker, regulated by the ASIC and VFSC.
Fees score 4.8 stars
Recommended for Forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Open account More
74-89% of retail CFD accounts lose money

TMGM alternatives
Axi

Axi (previously known as AxiTrader) was founded in 2007 and is an Australian forex broker. The new brand "Axi" was launched in 2020.

Axi is regulated by multiple financial authorities worldwide, such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Dubai Financial Services Authority (DFSA). As such, Axi is considered safe because it is regulated by several top-tier authorities.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

Recommended for forex traders familiar with the metatrader 4 platform

Pros Cons
Low forex fees and no inactivity fee Offers only forex and CFD trading
No withdrawal and deposit fees Limited research tools
Fully digital account opening 24/5 customer service

Open account
76.4% of retail CFD accounts lose money

Fees
4.6

Axi has low forex and CFD fees. The non-trading fees are low: no withdrawal or inactivity fees are charged.
Pros Cons
Low non-trading fees None
Low forex fees
Low CFD fees
TMGM vs. Axi: Trading fees
Axi TMGM
EURUSD benchmark fee $5.6 $6.8
EURGBP benchmark fee $4.5 $7.8

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Open account More
76.4% of retail CFD accounts lose money

Account opening
4.4

Account opening at Axi is user-friendly and fully digital, but it takes a bit longer than at similar online brokers.
Pros Cons
Fully digital Slower account opening time
No minimum deposit
Low minimum deposit
TMGM vs. Axi: Minimum deposit, time to open an account
Axi TMGM
Minimum deposit $0 $100
Time to open account 1-3 days 1 day

If you are interested more in Axi minimum deposit, this overview will help you.

Open account More
76.4% of retail CFD accounts lose money

Deposit and withdrawal
4.4

Axi charges neither deposit nor withdrawal fees. For deposits, you can use bank transfer, credit/debit cards and electronic wallets. However, you can only withdraw via wire transfers and e-wallets.
Pros Cons
Credit/Debit card available Withdrawal only via wire transfer or e-wallets
Free withdrawal
No deposit fee
TMGM vs. Axi: Withdrawal options
Axi TMGM
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
76.4% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of Axi (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of Axi, a TMGM alternative
TMGM vs. Axi: Trading platform scores
Axi TMGM
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Axi's web trading platform in the detailed Axi review.

Open account
76.4% of retail CFD accounts lose money

Markets and products
1.8

Axi only has forex products and CFDs in its selection.
TMGM vs. Axi: Markets and products
Axi TMGM
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Open account More
76.4% of retail CFD accounts lose money

Verdict

Axi is regulated by multiple authorities globally, like the UK's FCA and ASIC in Australia.

On the plus side, forex fees are low and no inactivity fee is charged. Deposits and withdrawals are also free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great.

AxiTrader has some drawbacks, though. Its product range is limited to FX and CFDs, and its research tools lack recommendations and fundamental data. In addition, customer support is only 24/5.

Feel free to try Axi, as the trading fees are low and there are no deposit, withdrawal or inactivity fees.
 

Axi
Summary Axi was previously known as AxiTrader. It is an Australian forex broker, regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.6 stars
Recommended for Forex traders familiar with the MetaTrader 4 platform

Open account More
76.4% of retail CFD accounts lose money

TMGM alternatives
Pepperstone

Pepperstone is an Australian forex broker that also offers CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients. After Brexit, new clients registering from the EU are served by their German and Cyprus arm.

Pepperstone is considered safe because it's regulated by three top-tier financial authorities: the UK's Financial Conduct Authority (FCA), Germany's BaFin and the Australian Securities and Investments Commission (ASIC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for great account opening and customer service

Pros Cons
Fast and fully digital account opening Only forex and CFDs
Great customer service Basic news flow
Seamless and free deposit and withdrawal No investor protection for clients outside the EU&UK

Open account
74-89% of retail CFD accounts lose money

Fees
4.4

Pepperstone has low forex and non-trading fees, as no inactivity or account fee is charged. However, the CFD financing rates, i.e. fees for holding CFD positions overnight, are high for a few assets.
Pros Cons
Low forex fees High costs for holding positions overnight
No withdrawal fee
No inactivity fee
TMGM vs. Pepperstone: Trading fees
Pepperstone TMGM
EURUSD benchmark fee $7.1 $6.8
EURGBP benchmark fee $8.9 $7.8

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Open account More
74-89% of retail CFD accounts lose money

Account opening
5.0

Pepperstone's account opening process is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
Pros Cons
Fast None
Fully digital
No minimum deposit
TMGM vs. Pepperstone: Minimum deposit, time to open an account
Pepperstone TMGM
Minimum deposit $0 $100
Time to open account 1 day 1 day

If you are interested more in Pepperstone minimum deposit, this overview will help you.

Open account More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.3

Pepperstone provides plenty of deposit and withdrawal options, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
Pros Cons
Credit/Debit card available High bank withdrawal fee for clients outside the EU/Australia
No deposit fee
Several account base currencies
TMGM vs. Pepperstone: Withdrawal options
Pepperstone TMGM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks two-step login and price alerts, and its design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation
Web trading platform of Pepperstone, a TMGM alternative
TMGM vs. Pepperstone: Trading platform scores
Pepperstone TMGM
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.

Open account
74-89% of retail CFD accounts lose money

Markets and products
1.7

At Pepperstone you can only trade with forex and other CFDs (commodities, stock indices, share CFDs, cryptos). This means that many popular asset classes, like real stocks and ETFs, are missing.
TMGM vs. Pepperstone: Markets and products
Pepperstone TMGM
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Open account More
74-89% of retail CFD accounts lose money

Verdict

Pepperstone is a great forex and CFD broker, regulated by the top-tier FCA, BaFin and ASIC.

The account opening is fast and fully digital. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.

On the other hand, Pepperstone provides only forex, CFDs and cryptos to trade with. Their news flow is rather basic. Lastly, there is no investor protection for clients outside the UK&EU.

Feel free to try Pepperstone since there is no inactivity fee or minimum deposit for standard accounts.

Pepperstone
Summary Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia.
Fees score 4.4 stars
Recommended for Forex traders looking for great account opening and customer service

Open account More
74-89% of retail CFD accounts lose money

TMGM alternatives
Bottom line

Based on our analysis, there are several good alternatives to TMGM. They all offer similar products and target similar customers. Here's a recap of the results in a table.

TMGM alternatives
Broker Info Recommended for
TMGM Global forex broker Forex traders who prefer the MetaTrader platform
Eightcap Global forex broker Forex traders who prefer the MetaTrader platform
Fusion Markets Australian forex broker Forex traders looking for low fees and a chance to use the MetaTrader 4 platform
Axi Australian forex broker Forex traders familiar with the MetaTrader 4 platform
Pepperstone Australian forex broker Forex traders looking for great account opening and customer service

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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74-89% of retail CFD accounts lose money
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74-89% of retail CFD accounts lose money
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74-89% of retail CFD accounts lose money
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76.4% of retail CFD accounts lose money
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74-89% of retail CFD accounts lose money
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