Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Plus500 and TMGM are two online brokers that offer their services to traders around the world, each presenting distinct features and regulatory credentials. Founded in 2008, Plus500 is a publicly traded firm, earning a stellar Trust Score of 99 out of 99 from ForexBrokers.com. This high rating reflects its reliability and security as a trading platform. The company is not a bank, yet it holds an impressive six Tier-1 licenses, signifying that it is among the most trustworthy brokers available. Additionally, Plus500 maintains three Tier-2 licenses, further underscoring its trusted status in the industry.
On the other hand, TMGM, established in 2013, is not publicly listed on any stock exchange but has built a credible reputation with a Trust Score of 83, a mark of trustworthiness according to ForexBrokers.com. Similar to Plus500, TMGM is not a bank, but it holds two Tier-1 licenses, aligning with its trusted status in the trading community. However, it does not possess any Tier-2 licenses. While both brokers are not banks and prioritize safety and trust, Plus500 stands out with a higher number of regulatory licenses and a higher trust score, potentially offering more peace of mind to traders.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Year Founded | 2008 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
For commissions and fees, Plus500 and TMGM take different paths. Plus500 earns 4.0/5 stars and ranks #24 of 63 for this category at ForexBrokers.com, while TMGM scores 4/5 stars and ranks #37 of 63. Plus500’s pricing is slightly above the industry average and not the cheapest for high-volume traders, whereas TMGM can be attractive if you pick its commission-based account—but its lack of published average spread data makes direct cost comparisons harder.
Plus500 does not give retail discounts, but Professional clients may qualify for cash rebates. Its EUR/USD spread averaged 1.5 pips in April 2024, which is higher than the industry average. These factors help explain its solid but not top-tier ranking for costs.
TMGM’s pricing depends on account type. The Classic account is spread-only, while the Edge account adds a small commission of $3.50 per side ($7 round turn) alongside typically low spreads and no requotes. However, recent average spread data for the EUR/USD was not available—something many leading brokers publish for transparency. Note: swap-free (interest-free) Islamic accounts are offered only on the Edge account, not on Classic.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Minimum Deposit | €50 | $100 |
| Average spread (EUR/USD) - Standard account | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Plus500 vs TMGM on range of investments: both brokers let you trade forex and offer cryptocurrency CFDs (neither supports buying actual crypto). TMGM lists about 12,000 tradable symbols versus roughly 5,500 at Plus500, while Plus500 edges TMGM on forex pairs (65 vs 62). TMGM supports copy trading, whereas Plus500 does not.
If you want to buy exchange-traded shares directly, Plus500 offers listed securities on both U.S. and international exchanges; TMGM does not offer direct share dealing. For Range of Investments, both earn 4.5 out of 5 stars, with TMGM ranked #18 and Plus500 ranked #22 out of 63 brokers by ForexBrokers.com. In short, choose TMGM for the bigger overall catalog or copy trading, and choose Plus500 if direct stock investing across U.S. and global markets matters to you.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 12000 |
| Forex Pairs (Total) | 65 | 62 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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.
Comparing Plus500 vs TMGM for trading platforms and tools: both offer free demo (paper) accounts and web-based platforms. Plus500 provides its own proprietary platform and focuses on browser access, but it does not offer a Windows desktop download, nor does it support MetaTrader 4 or MetaTrader 5. Plus500 also does not include copy trading or the ability to place trades directly from charts. TMGM, by contrast, leans on MetaTrader; it supports MT4 and MT5, offers a Windows desktop platform, includes copy trading, and lets you trade straight from a chart.
Choose Plus500 if you want a simple web platform and an easy way to practice with virtual funds. Pick TMGM if you prefer MetaTrader features, a downloadable Windows platform, copy trading, and chart trading. In ForexBrokers.com’s Trading Platforms and Tools ratings, Plus500 earns 4.5/5 stars and ranks #14 out of 63 brokers, while TMGM earns 4/5 stars and ranks #49.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Plus500 and TMGM both offer mobile trading apps for iPhone and Android, and each lets you set price alerts so you never miss a move. According to ForexBrokers.com, Plus500 scores 4.5 out of 5 stars and ranks #14 out of 63 brokers for Mobile Trading Apps, while TMGM earns 4 stars and ranks #48.
For charting, Plus500 supplies 115 technical studies compared with TMGM’s 30, and both apps let you draw trendlines. TMGM auto-saves your chart drawings, whereas Plus500 does not. If keeping watchlists synced between your mobile app and online account matters, Plus500 supports syncing and TMGM does not. In short, choose Plus500 for deeper chart tools and synced watchlists, or TMGM if auto-saving chart annotations is a priority.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research at Plus500 and TMGM, both brokers cover the basics well: each provides daily market commentary, an economic calendar, Trading Central tools, and a sentiment gauge showing the ratio of long and short positions. Both skip Autochartist and TipRanks. The key differences are news and add-ons. TMGM delivers forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones and also offers Acuity Trading tools (e.g., Signal Centre), while Plus500 does not include either of those extras.
In overall research quality, Plus500 earns 4.0 stars and ranks #19 out of 63 brokers on ForexBrokers.com, compared with TMGM’s 3.5 stars and #54 ranking. If you value integrated premium news and Acuity insights, TMGM has the edge. If you want a higher-rated research suite overall with similar core tools, Plus500 is the stronger pick.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing Plus500 vs TMGM on forex and CFD education, Plus500 is the more beginner-friendly choice. It runs client webinars at least once a month and offers a sizable video library with 10+ beginner lessons plus 10+ advanced tutorials, helping you move from the basics to more complex strategies at your own pace. Plus500 is rated 4.0 out of 5 for Education and ranks #31 out of 63 brokers at ForexBrokers.com.
TMGM, on the other hand, does not host monthly educational webinars and does not provide 10+ beginner or 10+ advanced trading videos. While there are some learning materials, its Education score is 3.5 out of 5, with a #54 of 63 ranking at ForexBrokers.com. If you want structured videos and ongoing live sessions to build confidence, Plus500 offers a clearer path for new traders than TMGM.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than TMGM. Plus500 finished with an overall rank of #14, while TMGM finished with an overall rank of #37.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
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TMGM
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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Both online brokers Plus500 and TMGM do not allow buying actual (delivered) cryptocurrencies, but they do offer cryptocurrency CFD trading.
In a Plus500 vs TMGM comparison of funding methods, both brokers lack ACH/SEPA support, but Plus500 offers PayPal, Skrill, and bank wire for deposits and withdrawals, while TMGM’s availability of PayPal, Skrill, Visa/Mastercard, and bank wire is not specified.
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 | Plus500 | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Plus500 Review | TMGM Review |
| Broker Screenshots | Plus500 | TMGM | |
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| Regulation | Plus500 | TMGM | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 2008 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Plus500 | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 12000 | |
| Forex Pairs (Total) | 65 | 62 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | TMGM | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Plus500 | TMGM | |
|---|---|---|---|
| Minimum Deposit | €50 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Plus500 | TMGM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Plus500 | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Plus500 | TMGM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | TMGM | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Plus500 | TMGM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Plus500 Review | TMGM Review |
| Overall | Plus500 | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Plus500 Review | TMGM Review |
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