Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs TMGM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2012, BDSwiss is not publicly traded nor is it a bank. It holds one Tier-1 license, which is considered highly trusted by the industry, but no Tier-2 licenses. BDSwiss has a Trust Score of 73 out of 99 according to ForexBrokers.com, indicating an average risk level.
TMGM, established in 2013, shares similar non-public and non-bank attributes with BDSwiss. However, it distinguishes itself by holding two Tier-1 licenses, providing a higher level of trust. With a Trust Score of 83 out of 99, TMGM falls into the trusted category, offering clients a greater sense of security when compared to BDSwiss.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Year Founded | 2012 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When it comes to commissions and fees, both BDSwiss and TMGM offer a range of account options, albeit with some differences in costs and ratings. BDSwiss provides a Classic account with a spread of 1.5 pips on the EUR/USD, which is relatively high compared to industry leaders. For more competitive pricing, the Raw account offers a spread of 0.3 pips plus a $5 commission per side, resulting in an effective spread of 1.3 pips. The VIP account comes in slightly cheaper at 1.2 pips. Despite these choices, BDSwiss manages an impressive 4-star rating in commissions and fees, ranking 30th out of 63 brokers according to ForexBrokers.com.
TMGM distinguishes itself with competitive commission rates, particularly for its Edge account, which features low spreads and no requotes. Although average spread data for EUR/USD is not currently available, the Edge account is an attractive choice, charging only a $3.50 commission per side ($7 per round trip) alongside its low spreads. For traders using Islamic finance, the Edge account is the only option as it allows for Sharia-compliance, unlike the spread-only Classic account. TMGM shares a 4-star rating alongside BDSwiss for its commissions and fees, but it ranks slightly lower at 36th out of 63 brokers.
In summary, both BDSwiss and TMGM offer solid choices for different trading needs. BDSwiss provides options catering to traders who prefer different spread and commission combinations, whereas TMGM excels in offering low commissions on its Edge account, appealing to those who prioritize cost-effective trading. Despite similar star ratings, BDSwiss holds a higher rank in the commissions and fees category, making it a favorable option for those who weigh ranking as an important factor in their choice of broker.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Both BDSwiss and TMGM provide extensive options for trading forex as contracts for difference (CFDs), with BDSwiss offering 53 tradeable forex pairs compared to TMGM's 62. However, when it comes to the sheer volume of tradeable symbols, TMGM significantly outshines BDSwiss, providing access to 12,000 symbols, whereas BDSwiss offers 1,081. Neither broker supports buying exchange-traded securities outright on U.S. or international exchanges, nor does either allow for the purchase of actual cryptocurrencies. However, both platforms do facilitate trading cryptocurrency derivatives.
Copy trading is available through both BDSwiss and TMGM, catering to investors interested in mimicking the trades of seasoned traders. When it comes to the overall range of investments, BDSwiss earns a respectable 4-star rating and ranks #34 out of 63 brokers on ForexBrokers.com. Meanwhile, TMGM scores slightly higher with a 4.5-star rating, ranking #17 in the same category. This indicates that while both brokers have a diverse offering, TMGM has a slight edge in terms of variety and options available to investors.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 12000 |
| Forex Pairs (Total) | 53 | 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 (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
BDSwiss and TMGM both provide a range of options for traders when it comes to their trading platforms and tools, but there are some differences to consider. BDSwiss offers a proprietary trading platform that is developed in-house, providing a unique trading experience for its users, while TMGM does not have its own platform and instead offers third-party solutions. Both brokers support popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to a wide audience of traders. Users can enjoy simulated trading with free virtual demo accounts from both BDSwiss and TMGM, allowing them to practice without financial risk. Additionally, both brokers support web-based and Windows-based desktop platforms, offering flexibility in how traders access the market. When it comes to trading tools, both offer 15 drawing tools for charting and 7 fields for watch lists, enabling detailed market analysis.
In the realm of copy trading, both BDSwiss and TMGM offer this functionality, giving traders the ability to replicate the strategies of more experienced traders. Despite their similarities, a key distinction lies in their proprietary offerings, with BDSwiss having its own platform which could be beneficial for those seeking a broker-specific interface. If we look at ratings, both are well-regarded with 4 stars for their trading platforms and tools. However, BDSwiss is ranked higher in the Trading Platforms and Tools category, positioned at #24 compared to TMGM's #48 out of 63 brokers on ForexBrokers.com. Neither broker offers tools like DupliTrade or ZuluTrade, making their offerings similar in this aspect. Ultimately, both brokers provide a comprehensive suite of trading tools, with BDSwiss having a slight edge in platform variety and rankings.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When exploring mobile trading apps, both BDSwiss and TMGM provide a user-friendly experience compatible with iPhone and Android devices. Traders can expect essential features like stock and forex price alerts and the capacity to create watchlists with real-time quotes on both platforms. Although neither broker offers watchlist symbol syncing between the mobile app and online account, they excel in other areas. With each platform providing 30 technical studies for charting and the ability to draw trendlines and view multiple time frames, traders have plenty of tools for comprehensive market analysis. Additionally, the apps automatically save chart drawings, further adding to their convenience.
In terms of performance, both BDSwiss and TMGM achieve a respectable rating of 4 out of 5 stars for their mobile trading apps. However, when ranked among 63 brokers by ForexBrokers.com, BDSwiss outpaces TMGM. BDSwiss is positioned at #24, compared to TMGM's #47 ranking. This distinction indicates that BDSwiss may provide a slightly more competitive mobile trading experience, although both brokers offer reliable and well-rounded features for those eager to trade on the go.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | 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 | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, both BDSwiss and TMGM provide daily market commentary and have economic calendars that track significant global events. However, their approaches to providing market insights differ. BDSwiss stands out with its use of Autochartist tools and collaboration with Trading Central, which are valuable resources for traders seeking technical and fundamental analysis. Meanwhile, TMGM shines by offering forex news from top-tier sources like Bloomberg and Reuters, and by including sentiment-based trading tools that provide insights into trading patterns across currency pairs.
Despite both brokers offering substantial market research tools, BDSwiss tends to cap off with a slightly higher rating for their research capabilities, scoring four out of five stars compared to TMGM's 3.5 stars. Additionally, BDSwiss holds the 24th spot in ForexBrokers.com's research rankings, while TMGM is positioned at 53rd. This reflects BDSwiss’s edge in offering a wider array of analysis tools, despite TMGM's strength in delivering top-tier news coverage and sentiment analysis.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When exploring educational resources for beginners, BDSwiss and TMGM take different approaches. BDSwiss excels in providing a wealth of educational materials aimed at beginners. They offer more than ten educational pieces focused on forex and CFDs, supplemented by monthly online webinars. With their extensive library of recorded webinars and a series of ten beginner-targeted trading videos, newcomers have plenty of learning opportunities. Additionally, BDSwiss caters to more advanced traders with a collection of advanced educational videos and maintains an investor dictionary that defines over fifty investing terms. For these efforts, BDSwiss is rated 4 stars for education and stands at the 19th position among 63 brokers in the education category.
In contrast, TMGM does not meet the same threshold of education-specific content for beginners. While they provide a searchable archive of recorded webinars and maintain an investor dictionary that defines over fifty investing terms, they do not conduct monthly webinars or offer sufficient beginner or advanced educational videos. This lack of beginner-focused resources results in a lower educational rating and ranking, as TMGM is rated 3.5 stars and holds the 54th position out of 63 brokers in the education category. TMGM may still serve as a viable option for some, but beginners seeking a more comprehensive educational experience will likely find BDSwiss to be the more accommodating choice.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BDSwiss is better than TMGM. BDSwiss finished with an overall rank of #36, while TMGM finished with an overall rank of #37.
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.
| Feature |
BDSwiss
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TMGM
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| Overall Rating |
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| Trust Score | 73 | 83 |
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Both BDSwiss and TMGM provide the option to trade cryptocurrency derivatives, yet neither broker offers the ability to purchase actual, delivered cryptocurrencies.
When comparing online brokers BDSwiss and TMGM, both offer funding options via Skrill, Visa or Mastercard, and bank wires; however, BDSwiss supports ACH and SEPA transfers whereas TMGM does not, and TMGM supports PayPal deposits and withdrawals while BDSwiss does not.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | BDSwiss | TMGM | |
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| Trust Score | 73 | 83 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | TMGM Review |
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| Regulation | BDSwiss | TMGM | |
|---|---|---|---|
| Trust Score | 73 | 83 | |
| Year Founded | 2012 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | BDSwiss | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BDSwiss | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 12000 | |
| Forex Pairs (Total) | 53 | 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 (Derivative) | 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 | BDSwiss | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | TMGM | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | BDSwiss | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | 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 | 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 | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | 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 |
| Overall | BDSwiss | TMGM | |
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| Trust Score | 73 | 83 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | TMGM Review |
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