Royal
TMGM
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Traders looking for low forex fees and preferring the MetaTrader platform
Recommended for Forex traders who prefer the MetaTrader platform
Australia
Australia
Fees
Low forex, but high CFD fees
Low trading and non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
12
6
Deposit type
Withdrawal type
Account opening
$50
$100
1 day
1 day
Proof of identity: valid passport or government ID, AND a driving license Proof of residency: utility bills, bank or credit card statement, tenancy contract or a residency certificate
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 86.67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Mid-range
Customer service
Security
€20,000 for clients under CySEC
No protection
2006
2013
Australia, Cyprus, Lebanon, Saint Vincent and the Grenadines, Vanuatu
Australia, Vanuatu, New Zealand
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
Royal's service is on par with TMGM's and a comparison of their fees shows that Royal's fees are slightly higher than TMGM's.
Account opening takes about the same effort at Royal compared to TMGM, deposit and withdrawal processes are about the same quality at Royal, while customer service quality is similar to TMGM's.
Our experts rated the trading platform of Royal as being of the same quality as the platform of TMGM, found that clients have access to slightly less markets and products with Royal, while TMGM provides somewhat lower-quality research and education.