The best alternatives to TMGM are
- Fusion Markets - Australian forex broker
- IC Markets - Global forex broker
- Vantage - Global CFD and forex broker
- Pepperstone - Australian forex and CFD broker
Let's see in a bit more detail how the TMGM alternatives compare to TMGM and each other:
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 |
|
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80.26% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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74.32% 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 |
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
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 |
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | Yes |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$0
|
$0
|
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
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
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 |
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | Yes |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$0
|
$0
|
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
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
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 |
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | Yes |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$0
|
$0
|
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
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
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 |
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.
Bank transfer
|
Yes | Yes |
---|---|---|
Credit/debit card
|
Yes | Yes |
Electronic wallets
|
Yes | Yes |
Withdrawal fee
|
$0
|
$0
|
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
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
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 |
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.
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
|
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.
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.
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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