Basic data of broker
Recommended for Forex traders who prefer the MetaTrader platform
Recommended for Forex and CFD traders familiar with the MetaTrader trading platforms
Australia
Australia
Fees
Low trading and non-trading fees
Low forex and stock index CFD fees, but high stock CFD
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
6
9
Deposit type
Withdrawal type
Account opening
$100
$50
1 day
1 day
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Valid Photo ID, deed of foundation for corporate account
Trading platform
Markets and products
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.
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. 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
No investor protection
No investor protection
No investor protection
No investor protection
2013
2009
Australia, Vanuatu, New Zealand
Vanuatu, but Vantage Group has regulation in Australia, UK, Cayman Islands
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.
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.
TMGM's service is on par with Vantage's and a comparison of their fees shows that TMGM's fees are similar to Vantage's.
Account opening takes about the same effort at TMGM compared to Vantage, deposit and withdrawal processes are about the same quality at TMGM, while customer service quality is similar to Vantage's.
Our experts rated the trading platform of TMGM as being of the same quality as the platform of Vantage, found that clients have access to about the same number of markets and products with TMGM, while Vantage provides somewhat better research and education.