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Plus500 vs TMGM 2022

Is Plus500 better than TMGM? In our analysis of 23 international regulators across 39 brokers, Plus500 is considered low-risk, with an overall trust score of 99 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 Plus500 TMGM
Overall Rating starstarstarstarstar starstarstarstarstar
Commissions & Fees starstarstarstarstar starstarstarstarstar
Offering of Investments starstarstarstarstar starstarstarstarstar
Platform & Tools starstarstarstarstar starstarstarstarstar
Mobile Trading starstarstarstarstar starstarstarstarstar
Research starstarstarstarstar starstarstarstarstar
Education starstarstarstarstar starstarstarstarstar
Trust Score 99 79
Regulation expand_moreexpand_less Plus500 TMGM
Trust Score 99 79
Year Founded 2008 2013
Publicly Traded (Listed) Yes No
Bank No No
Tier-1 Licenses 4 2
Tier-2 Licenses 3 0
Tier-3 Licenses 0 1
Authorised in European Union Yes No
Tier-1 Licenses (High Trust) expand_moreexpand_less Plus500 TMGM
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) Yes No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) Yes Yes
Tier-2 Licenses (Average Trust) expand_moreexpand_less Plus500 TMGM
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
NSE Authorised (India) No No
ISA Authorised (Israel) Yes No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust) expand_moreexpand_less Plus500 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) No No
VFSC Authorised (Vanuatu) No Yes
Investments expand_moreexpand_less Plus500 TMGM
Forex Trading Yes Yes
Trading - Forex or CFDs Yes Yes
Tradeable Symbols (Total) 1896 12000
Forex Pairs (Total) 71 62
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading No Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Cost expand_moreexpand_less Plus500 TMGM
Average Spread EUR/USD - Standard 0.6 (as of Aug 2018) 0.96 (July 2021)
All-in Cost EUR/USD - Active N/A 0.76 (July 2021)
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes No
Funding expand_moreexpand_less Plus500 TMGM
Minimum Initial Deposit €100 $100
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Trading Platforms expand_moreexpand_less Plus500 TMGM
Proprietary Platform Yes Yes
Desktop Platform (Windows) No Yes
Web Platform Yes Yes
Social Trading / Copy Trading No Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading Tools expand_moreexpand_less Plus500 TMGM
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 9 7
Charting - Indicators / Studies (Total) 110 30
Charting - Drawing Tools (Total) 21 15
Charting - Trade From Chart No Yes
Charts can be saved Yes Yes
Mobile Trading expand_moreexpand_less Plus500 TMGM
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 110 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 Plus500 TMGM
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) No Yes
Autochartist No No
Trading Central (Recognia) No Yes
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
Education expand_moreexpand_less Plus500 TMGM
Has Education - Forex or CFDs No Yes
Client Webinars No Yes
Client Webinars (Archived) No Yes
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No Yes
Major Forex Pairs expand_moreexpand_less Plus500 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
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Plus500 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 Plus500 vs TMGM.

Does Plus500 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, Plus500 offers better pricing overall for traders.

Is Plus500 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. Plus500 holds 4 global Tier-1 licenses, while TMGM holds 2. Plus500 holds 3 global Tier-2 licenses, while TMGM holds 0. In our analysis of 23 international regulators across 50 brokers, Plus500 earned a higher Trust Score than TMGM.

Which trading platform is better: Plus500 or TMGM?

To compare the trading platforms of both Plus500 and TMGM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, Plus500 offers superior market research. Finally, we found Plus500 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Plus500 provides traders 71 currency pairs (e.g., EUR/USD) compared to TMGM's 62 available pairs.

Can I trust Plus500?

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by five tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).

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 Plus500 good?

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.

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: Plus500

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