Compare Plus500 vs TMGM


Online brokers compared for fees, trading platforms, safety and more. See how Plus500 stacks up against TMGM!

Plus500 vs TMGM
overall rating
4.4
4.4
overall pros
  • Easy-to-use platform
  • Great account opening
  • Quick and helpful customer support
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Limited product range, only CFDs
  • Mediocre research tools
  • Average CFD fees
  • Slim product portfolio
  • Limited research and educational tools
  • No negative balance protection
fees
3.0
  • Free withdrawal
  • Inactivity fee charged only if you don't log into the platform
  • Average CFD fees
4.6
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
  • Inactivity fee
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Minor currencies not accepted
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability for workspace
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
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
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
1.9
  • CFD
1.9
  • Forex
  • CFD
  • Crypto
research
3.3
  • Good interactive chart
  • User-friendly
  • Market analysis
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
4.0
  • Trading ideas
  • User-friendly
  • Good set of analytical tools
  • Good economic calendar
customer service
5.0
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No phone support
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
  • Phone support problematic
education
3.5
  • Demo account
  • Educational videos
  • Educational articles
  • No webinars
  • Materials are not well-structured
2.0
  • Demo account
  • Quality educational texts in its blog
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Listed on stock exchange
  • Financial information is publicly available
  • Does not hold a banking license
  • Regulated by the top-tier ASIC
  • Not listed on stock exchange
  • No investor protection by regulators
recommended for Experienced traders looking for an easy-to-use platform and a great user experience Forex traders who prefer the MetaTrader platform
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