TMGM vs TradeStation compared

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

TMGM
TradeStation
68% of retail CFD accounts lose money
TradeStation
4.6

Last update of dataDec 2021

TMGM

TMGM is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients.

Recommended for forex traders who prefer the MetaTrader platform.

TradeStation

TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.

Recommended for traders focusing on US markets and buy-and-hold investing.

TMGM's service is on par with TradeStation's and a comparison of their fees shows that TMGM's fees are similar to TradeStation's.

Account opening takes about the same effort at TMGM compared to TradeStation, deposit and withdrawal processes are more seamless at TMGM, while customer service quality is much better than TradeStation's.

Our experts rated the trading platform of TMGM as somewhat worse than the platform of TradeStation, found that clients have access to slightly less markets and products with TMGM, while TradeStation provides just about the same quality of research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.5

Recommended for Forex traders who prefer the MetaTrader platform

Overall Score
4.6

Recommended for Traders focusing on US markets and buy-and-hold investing

Country of origin

Australia

Country of origin

USA

Fees

Fees score
4.6
Fees score
4.3
Fees summary

Low trading and non-trading fees

Fees summary

Low trading fees, average non-trading fees, free stock and ETF trading for US customers

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.3
Deposit and withdrawal score
2.3
Number of base currencies

6

Number of base currencies

9

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
2.8
Web platform score
4.3
Mobile platform score
3.8
Mobile platform score
4.8
Desktop platform score
3.4
Desktop platform score
2.8

Markets and products

Markets and products score
2.4
Markets and products score
3.0
Stocks
Stocks
*
*
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
*
*
Options
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs
CFD disclaimer

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

Research score
4.0
Research score
4.3
Charting quality

Mid-range

Charting quality

Great

Education score
3.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
2.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

No protection

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2013

Foundation date

1982

Country of regulation

Australia, Vanuatu, New Zealand

Country of regulation

USA

TMGM

For detailed information and hands-on experience, read our review of this broker.

TradeStation

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.

Brokers displayed might not be available in United States.

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