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TMGM vs Eightcap : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
TMGM
Eightcap
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
ECN
Years of Existence / Established Year
2013
2009
Customer Base / Number of Accounts
No information
80,000 +
Regulation & Security
Regulations (governing bodies)
ASIC, VFSC and FSC
SCB ASIC CySEC FCA
Awards Won (count for the last 2 years)
Most Trusted Forex Broker 2024, Best Forex Trading Platform 2024, SkyLine Guide 2024 Award, Most Innovative Sports Sponsorship 2024, Brokersview Fastbull 2024 Award
Best Broker in Australia in 2024 by FXEmpire Best Forex Brokers 2024 Best Crypto CFD Trading Broker by FXEmpire 2024 Top CFD Broker by FXEmpire 2024
Security Measures
Civil Liability Insurance program for a limit of $10,000,000
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes (only to retail clients. Not for professional traders)
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
12,000 instruments including shares
800+ CFD markets
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
No
Yes
Futures
Yes
Yes
Bonds
No
No
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
Yes
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
Yes
MT5
Yes
Yes
cTrader
No
No
Social Trading
Yes
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
TMGM app
No
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Edge and classic account
Standard account Raw account TradingView account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$100
$100
Leverage Available
1:100 to 1:1000
1:30
Trade Limit (maximum per trade)
Depends on the assets type
Maximum 100 lots
Commission (per account type)
Currency Pairs: $7 ; Precious Metals: $5
Standard - $0 TradingView - $0 Raw - Each side: 3.5 AUD, USD, NZD, SGD, CAD | 2.25 GBP | 2.75 EUR per standard lot traded
Best Suited For (e.g., beginners, experienced traders)
Experienced traders
Beginners & experienced
Deposit & Withdrawal Options
Deposit Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Wire Transfer Credit/debit cards UnionPay Bitcoin Ewallets
Withdrawal Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Wire Transfer Ewallets Bitcoin
Other E-Wallets Supported
Skrill, Neteller.SticPay, FasaPay, UnionPay
Skrill Neteller Fasapay Dragonpay
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Market analysis, Traders terminology, Trading tools
Capitalise.ai AI-powered Economic calendar Eightcap labs Trade Zone Events & Webinars Flash trader
Fees & Commissions
Trading-Related Fees
Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips
Spread- starts from 0.0 pips
Spread (typical, fixed, variable)
variable/floating spread
Variable
Per Lot Fees
NA
$3.50 per lot per side
Options Contract Fees
NA
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:1000
1:30
Non-Trading Fees
Dormant Fees
$30 per month after 6 months of inactivity
$0
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
NA
$0
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
$0
$0
Currency Conversion Fee
Charges not mentioned, May apply for non-USD deposits
NA
Withdrawal Fee
$0
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the assets type
Crypto - Monday-Sunday (00:00 - 23:59) Forex - 10PM to 7AM Commodities - Monday-Friday (03:00 - 24:00) Stocks US - 9:30am to 4pm
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24x5
Customer Support Methods (phone, email, live chat)
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
E mail: mailto:[email protected] Call / Chat: +61 3 8592 2375
Support Languages
15+
13+
Additional Information
Headquarters Location
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
Aiolou & Panagioti Diomidous 9, Katholiki, 3020, Limassol, Cyprus.
Complaints (for crypto brokers)
No
No
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