Compare Alpaca Trading vs TMGM


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against TMGM!

Alpaca Trading vs TMGM
overall rating
4.6
4.3
overall pros
  • Great API trading service
  • Free stock & ETF trading
  • Fantastic charting tools
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • Slim product portfolio
  • Limited research and educational tools
  • No negative balance protection
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
4.5
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Minor currencies not accepted
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Poor search function
  • Limited customizability (for charts, workspace)
  • No price alerts
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Stock
  • ETF
1.9
  • Forex
  • CFD
  • Crypto
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
1.5
  • Strategy Tester for automated trading
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
1.9
  • Great Slack and community forums
  • No phone support
  • No live chat
  • Mediocre email support
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
  • Phone support problematic
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Regulated by the top-tier ASIC
  • No negative balance protection
  • Not listed on stock exchange
  • No investor proection by regulators
recommended for Traders interested in algorithmic stock trading Forex traders who prefer the MetaTrader platform
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