TMGM
XTB
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex traders who prefer the MetaTrader platform
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service
Best CFD broker
Australia
Poland
Fees
Low trading and non-trading fees
Low forex, average non-trading fees, high stock CFD 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
6
5
Deposit type
Withdrawal type
Account opening
$100
$0
1 day
1 day
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill
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: 76% 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
Great
Customer service
Security
No protection
£85k for UK clients, €20k for clients under CySEC and CNMV, €22k for other European clients, and no protection for other customers
2013
2002
Australia, Vanuatu, New Zealand
UK, Poland, Cyprus, Spain, Belize, Dubai
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.
TMGM's service is slightly weaker than XTB's and a comparison of their fees shows that TMGM's fees are similar to XTB's.
Account opening takes about the same effort at TMGM compared to XTB, deposit and withdrawal processes are about the same quality at TMGM, while customer service quality is similar to XTB's.
Our experts rated the trading platform of TMGM as somewhat worse than the platform of XTB, found that clients have access to less markets and products with TMGM, while XTB provides somewhat better research and education.