Compare Pepperstone vs TMGM

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

Pepperstone vs TMGM
open account	Open account 74-89% of retail CFD accounts lose money	Open account 74-89% of retail CFD accounts lose money
overall rating	4.6	4.3
overall pros	Fast and fully digital account opening Great customer service Seamless and free deposit and withdrawal	Low forex fees Easy and fast account opening Free deposit and withdrawal
overall cons	Only forex and CFDs Basic news flow No investor protection for clients outside the EU&UK	Slim product portfolio Limited research and educational tools No negative balance protection
fees	4.4 Low forex fees No withdrawal fee No inactivity fee High costs for holding positions overnight	4.6 Low forex fees No withdrawal fee No inactivity fee
account opening	5.0 Fast Fully digital No minimum deposit	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	4.3 Credit/Debit card available No deposit fee Several account base currencies High bank withdrawal fee for clients outside the EU/Australia	4.3 Credit/Debit card available Free withdrawal No deposit fee Minor currencies not accepted
web trading platform	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login 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	3.8 User-friendly Good search function Price alerts No two-step (safer) login 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	3.4 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design
markets and products	1.7 Forex CFD Crypto	1.9 Forex CFD Crypto
research	3.3 Trading ideas Daily market analysis Newsflow is basic within MetaTrader No fundamental data available	1.5 Strategy Tester for automated trading No trading ideas No fundamental data available No/poor quality news flow
customer service	4.5 Phone support Live chat Fast response time No 24/7 support	4.5 Live chat Fast response time Relevant answers No 24/7 support Phone support problematic
education	5.0 Demo account Trading platform tutorial Educational videos and webinars	1.5 Demo account No trading platform tutorial videos No educational videos No webinars
safety	Majority of clients belong to a top-tier financial authority Negative balance protection for EU&UK clients 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	Forex traders looking for great account opening and customer service	Forex traders who prefer the MetaTrader platform

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