Overview of TMGM fees and charges
When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.
If fees are your top concern, TMGM is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.
I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how TMGM fared:
- TMGM charges low FX fees and average CFD fees.
- There is an inactivity fee if you don't trade for an extended period of time.
- The basic withdrawal fee is $0, but some transactions may cost more.
- Read our full review of TMGM for info on safety, trading platforms and funding.
| Assets | Fee level | Fee terms |
|---|---|---|
| EURUSD | Low | Edge account: $3.50 commission per lot per trade plus spread cost. 0.1 pips is the average spread cost during peak trading hours. |
| GBPUSD | Low | Edge account: $3.50 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours. |
| S&P 500 CFD | Average | The fees are built into the spread, 2.3 points is the average spread cost during peak trading hours. |
| Inactivity fee | Low | $30 inactivity fee per month if your account balance falls below $500 or if it remains inactive for over six months |
Visit broker
80.26% of retail CFD accounts lose money
Low FX fees
|
commission per lot
|
3.50 | 2.25 | 3.50 |
|---|---|---|---|
|
EURUSD spread
|
0.1 | 0.0 | 0.0 |
|
GBPUSD spread
|
0.2 | 0.0 | 0.0 |
|
AUDUSD spread
|
0.2 | 0.0 | 0.0 |
|
EURCHF spread
|
0.4 | 0.2 | 0.2 |
|
EURGBP spread
|
0.2 | 0.0 | 0.2 |
Average CFD fees
|
S&P 500 index CFD fee
|
$3.3 | $1.7 | $2.2 |
|---|---|---|---|
|
Euro Stoxx 50 index CFD fee
|
$3.4 | $2.2 | $2.8 |
Low inactivity fee, no withdrawal fee
There are no deposit or account fees. However, there is a $30 inactivity fee if your account balance falls below $500 or if it remains inactive for over six months.
There is no fee for withdrawing funds using credit/debit cards or electronic wallets.
| Broker | Inactivity fee | Withdrawal fee |
|---|---|---|
| TMGM | $0 | |
| Fusion Markets | $0 | |
| IC Markets | $0 |
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
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.
