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BDSwiss vs TMGM 2022

ForexBrokers.com

Written by ForexBrokers.com

Last updated August 25, 2022
Published July 15, 2022

Is BDSwiss better than TMGM? In our analysis of 23 international regulators across 39 brokers, BDSwiss is considered average-risk, with an overall Trust Score of 83 out of 99. TMGM is considered average-risk, with an overall Trust Score of 79 out of 99. Learn more about Trust Score.

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Overall Rating expand_moreexpand_less BDSwiss TMGM
Overall Rating
Commissions & Fees
Offering of Investments
Platform & Tools
Mobile Trading
Research
Education
Trust Score 83 79
Winner check_circle
Review BDSwiss Review TMGM Review
Regulation expand_moreexpand_less BDSwiss TMGM
Trust Score 83 79
Year Founded 2012 2013
Publicly Traded (Listed) No No
Bank No No
Tier-1 Licenses 1 2
Tier-2 Licenses 1 0
Tier-3 Licenses 1 1
Authorised in European Union Yes No
Tier-1 Licenses (High Trust) expand_moreexpand_less BDSwiss TMGM
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No Yes
Tier-2 Licenses (Average Trust) expand_moreexpand_less BDSwiss TMGM
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
NSE Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust) expand_moreexpand_less BDSwiss TMGM
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) Yes No
VFSC Authorised (Vanuatu) No Yes
Investments expand_moreexpand_less BDSwiss TMGM
Forex Trading Yes Yes
Trading - Forex or CFDs Yes Yes
Tradeable Symbols (Total) 1081 12000
Forex Pairs (Total) 51 62
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost expand_moreexpand_less BDSwiss TMGM
Average Spread EUR/USD - Standard 1.6 (08/10/22) 0.96 (July 2021)
All-in Cost EUR/USD - Active 1.3 (08/10/22) 0.76 (July 2021)
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker No No
Funding expand_moreexpand_less BDSwiss TMGM
Minimum Initial Deposit $100-$5000 (depending on account type) $100
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Trading Platforms expand_moreexpand_less BDSwiss TMGM
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading Tools expand_moreexpand_less BDSwiss TMGM
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile Trading expand_moreexpand_less BDSwiss TMGM
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes No
Research expand_moreexpand_less BDSwiss TMGM
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) No Yes
Autochartist Yes No
Trading Central (Recognia) No Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
Education expand_moreexpand_less BDSwiss TMGM
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Major Forex Pairs expand_moreexpand_less BDSwiss TMGM
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review BDSwiss Review TMGM Review
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BDSwiss vs TMGM Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare BDSwiss vs TMGM.

Does BDSwiss or TMGM offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, BDSwiss offers better pricing overall for traders.

Is BDSwiss or TMGM safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. TMGM holds 2 global Tier-1 licenses, while BDSwiss holds 1. BDSwiss holds 1 global Tier-2 licenses, while TMGM holds 0. In our analysis of 23 international regulators across 50 brokers, BDSwiss earned a higher Trust Score than TMGM.

Which trading platform is better: BDSwiss or TMGM?

To compare the trading platforms of both BDSwiss and TMGM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, BDSwiss offers a better experience. With research, BDSwiss offers superior market research. Finally, we found BDSwiss to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both BDSwiss and TMGM offer MetaTrader 4 (MT4).BDSwiss and TMGM both offer copy trading.

How many forex pairs and CFDs are available to trade?

TMGM provides traders 62 currency pairs (e.g., EUR/USD) compared to BDSwiss's 51 available pairs. Forex pairs aside, TMGM offers traders access to 12000 CFDs while BDSwiss has 1081 available CFDs, a difference of 10919.

Can I trust BDSwiss?

BDSwiss is not publicly traded and does not operate a bank. BDSwiss is authorized by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). BDSwiss is authorised by the following tier-1 regulator: the Financial Conduct Authority (FCA).

Can I trust TMGM?

TMGM is not publicly traded and does not operate a bank. TMGM is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). TMGM is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Financial Markets Authority (FMA).

Is BDSwiss good?

The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary mobile app. BDSwiss demonstrates good order execution statistics and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders.

Is TMGM good?

TMGM stands out for its impressive education toolset, though it still trails behind the best brokers in most categories. TMGM offers a small range of markets via the MetaTrader 4 (MT4) platform. While primarily a MetaTrader broker, it also offers the more exclusive IRESS platform – though the platform-specific requirements will limit who can use it.

Overall winner: BDSwiss

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