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TMGM Alternatives

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
Feb 2024

The best alternatives to TMGM are

  1. Fusion Markets - Australian forex broker
  2. IC Markets - Global forex broker
  3. Vantage - Global CFD and forex broker
  4. Pepperstone - Australian forex and CFD broker

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

TMGM alternatives comparison
Overall score
4.1 stars 4.3 stars 4.5 stars 4.2 stars 4.4 stars
Fees score
4.0 stars 4.5 stars 4.4 stars 4.1 stars 4.3 stars
Account opening score
5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score
4.2 stars 4.2 stars 4.9 stars 4.4 stars 4.8 stars
Web platform score
2.8 stars 2.8 stars 2.8 stars 4.5 stars 2.8 stars
Markets and products score
2.3 stars 2.3 stars 2.4 stars 2.2 stars 2.6 stars
Visit broker
80.26% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
74.32% of retail CFD accounts lose money
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
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
  • Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
  • IC Markets is recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
  • Vantage is recommended for forex and cfd traders familiar with the metatrader trading platforms
  • 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 101 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!

Fusion Markets

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

Visit broker
74-89% of retail CFD accounts lose money

Fusion Markets vs. TMGM: Trading fees
FX commission per lot
$2.25 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.0 0.1
GBPUSD spread
0.0 0.2
AUDUSD spread
0.0 0.2
USDJPY spread
0.0 0.2
USDCAD spread
0.0 0.2
Fusion Markets vs. TMGM: Minimum deposit, time to open an account
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.

Fusion Markets vs. TMGM: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Fusion Markets, a TMGM alternative
Fusion Markets vs. TMGM: Trading platform scores
Web platform score
2.8 stars 2.8 stars
Mobile platform score
3.3 stars 3.3 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.

Visit broker
74-89% of retail CFD accounts lose money

Fusion Markets vs. TMGM: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

IC Markets

Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options

Visit broker
74.32% of retail CFD accounts lose money

IC Markets vs. TMGM: Trading fees
FX commission per lot
$3.50 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.0 0.1
GBPUSD spread
0.0 0.2
AUDUSD spread
0.0 0.2
USDJPY spread
0.1 0.2
USDCAD spread
0.2 0.2
IC Markets vs. TMGM: Minimum deposit, time to open an account
Minimum deposit
$200
$100
Time to open account
1 day 1 day

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

IC Markets vs. TMGM: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of IC Markets, a TMGM alternative
IC Markets vs. TMGM: Trading platform scores
Web platform score
2.8 stars 2.8 stars
Mobile platform score
3.3 stars 3.3 stars
Desktop platform score
3.4 stars 3.4 stars

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

Visit broker
74.32% of retail CFD accounts lose money

IC Markets vs. TMGM: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

Vantage

Recommended for forex and CFD traders familiar with the MetaTrader trading platforms

Visit broker
74-89% of retail CFD accounts lose money

Vantage vs. TMGM: Trading fees
FX commission per lot
$3.00 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.1 0.1
GBPUSD spread
0.3 0.2
AUDUSD spread
0.4 0.2
USDJPY spread
0.3 0.2
USDCAD spread
0.4 0.2
Vantage vs. TMGM: Minimum deposit, time to open an account
Minimum deposit
$50
$100
Time to open account
1 day 1 day

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

Vantage vs. TMGM: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Vantage, a TMGM alternative
Vantage vs. TMGM: Trading platform scores
Web platform score
4.5 stars 2.8 stars
Mobile platform score
3.8 stars 3.3 stars
Desktop platform score
3.4 stars 3.4 stars

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

Visit broker
74-89% of retail CFD accounts lose money

Vantage vs. TMGM: Markets and products
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

Pepperstone

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

Visit broker
74-89% of retail CFD accounts lose money

Pepperstone vs. TMGM: Trading fees
FX commission per lot
$3.50 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.1 0.1
GBPUSD spread
0.2 0.2
AUDUSD spread
0.2 0.2
USDJPY spread
0.3 0.2
USDCAD spread
0.3 0.2
Pepperstone vs. TMGM: Minimum deposit, time to open an account
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.

Pepperstone vs. TMGM: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Pepperstone, a TMGM alternative
Pepperstone vs. TMGM: Trading platform scores
Web platform score
2.8 stars 2.8 stars
Mobile platform score
3.3 stars
3.3 stars
Desktop platform score
3.4 stars 3.4 stars

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

Visit broker
74-89% of retail CFD accounts lose money

Pepperstone vs. TMGM: Markets and products
Stocks
No
No
ETFs
No
No
Forex
Yes
Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
No
Yes

TMGM

Recommended for forex traders who prefer the MetaTrader platform

TMGM alternatives trading fees
FX commission per lot
$3.50 commission per lot per trade $2.25 commission per lot per trade $3.50 commission per lot per trade $3.00 commission per lot per trade $3.50 commission per lot per trade
EURUSD spread
0.1 0.0 0.0 0.1 0.1
GBPUSD spread
0.2 0.0 0.0 0.3 0.2
AUDUSD spread
0.2 0.0 0.0 0.4 0.2
USDJPY spread
0.2 0.0 0.1 0.3 0.3
USDCAD spread
0.2 0.0 0.2 0.4 0.3
TMGM alternatives minimum deposit and account open times
Minimum deposit
$100
$0
$200
$50
$0
Time to open account
1 day 1 day 1 day 1 day 1 day

Learn more about TMGM minimum deposit here.

TMGM and alternatives withdrawal options and fees
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
Yes Yes Yes Yes Yes
Electronic wallets
Yes Yes Yes Yes Yes
Withdrawal fee
$0
$0
$0
$0
$0
TMGM - Web trading platform
TMGM and alternatives trading platform scores
Web platform score
2.8 stars 2.8 stars 2.8 stars 4.5 stars 2.8 stars
Mobile platform score
3.3 stars 3.3 stars 3.3 stars 3.8 stars 3.3 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.

TMGM and alternatives markets and products
Stocks
No No No No No
ETFs
No No No No No
Forex
Yes Yes Yes Yes Yes
Funds
No No No No No
Bonds
No No No No No
Options
No No No No No
Futures
No No No No No
CFDs
Yes Yes Yes Yes Yes
Crypto
Yes
Yes
Yes
Yes
No

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 intro
Recommended for
Global forex broker Forex traders who prefer the MetaTrader platform
Australian forex broker Forex traders looking for low fees and a chance to use the MetaTrader 4 platform
Global forex broker Forex and CFD traders who value easy account opening and free deposit/withdrawal options
Global CFD and forex broker Forex and CFD traders familiar with the MetaTrader trading platforms
Australian forex and CFD 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.

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Author of this article

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

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.

Visit TMGM 80.26% of retail CFD accounts lose money
Visit Fusion Markets 74-89% of retail CFD accounts lose money
Visit IC Markets 74.32% of retail CFD accounts lose money
Visit Vantage 74-89% of retail CFD accounts lose money
Visit Pepperstone 74-89% of retail CFD accounts lose money

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