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EToro vs TMGM : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

EToro

EToro

VS
TMGM

TMGM

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

ECN broker

Years of Existence / Established Year

2007

2013

Customer Base / Number of Accounts

20 Million

No information


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Regulation & Security

Regulations (governing bodies)

FCA, CySEC, MFSA, ADGM, ASIC, FSA, FINRA, SEC

ASIC, VFSC and FSC

Awards Won (count for the last 2 years)

Best Cryptocurrency Platforms by Good Money guide awards

Most Trusted Forex Broker 2024, Best Forex Trading Platform 2024, SkyLine Guide 2024 Award, Most Innovative Sports Sponsorship 2024, Brokersview Fastbull 2024 Award

Security Measures

AML, ICF

Civil Liability Insurance program for a limit of $10,000,000

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

5545+ stocks

12,000 instruments including shares

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

No

No

Futures

No

Yes

Bonds

No

No

Mutual Funds

No

No

Fractional Shares

No

Yes

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

Yes

cTrader

No

No

Social Trading

Yes

Yes

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

Web trading and Mobile trading apps

TMGM app

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Professional, Retail or Personal account, Corporate account

Edge and classic account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

Yes

Yes

Minimum Deposit

$50.00

$100

Leverage Available

1:2 to 1:30

1:100 to 1:1000

Trade Limit (maximum per trade)

Depends on the assets class

Depends on the assets type

Commission (per account type)

$0

Currency Pairs: $7 ; Precious Metals: $5

Best Suited For (e.g., beginners, experienced traders)

Beginners

Experienced traders


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Deposit & Withdrawal Options

Deposit Methods

Debit card, Online banking, Wire transfer, e-Wallets

Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets

Withdrawal Methods

Debit card, Online banking, Wire transfer, e-Wallets

Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets

Other E-Wallets Supported

PayPal

Skrill, Neteller.SticPay, FasaPay, UnionPay


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

eToro Guides and eBooks, Crypto and Trading Courses, Trading Academy, Market News and Analysis, Webinars

Market analysis, Traders terminology, Trading tools


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Fees & Commissions

Trading-Related Fees

Stocks- $1 or $2, Commission- $0, ETFs-$0, Spread-0, Crypto-2% of the transaction size; Minimum: $1 to Maximum: $100, CFD(Stocks and EFTs)- 0.15%, Crypto CFDs: 1%

Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips

Spread (typical, fixed, variable)

Fixed

variable/floating spread

Per Lot Fees

NA

NA

Options Contract Fees

$0

NA

Futures Contract Fees

$0

NA

Markup Fees on Spread

1% for both opening and closing a position

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

30:1

1:1000


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Non-Trading Fees

Dormant Fees

$10/month after 12 months of inactivity

$30 per month after 6 months of inactivity

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

NA

NA

Swap Fees (Overnight Financing)

NA

Yes

Statement or Document Fee

NA

NA

Account Opening Fee

$0

NA

Account Maintenance Fee

$0

NA

Deposit Fee

$0

$0

Currency Conversion Fee

0.75%

Charges not mentioned, May apply for non-USD deposits

Withdrawal Fee

$5 fee for withdrawals to external accounts

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

No


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Trading Hours

Trading Hours (for each asset class if applicable)

9:30am ET until 4pm during normal business days

Depends on the assets type


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/7

24/7

Customer Support Methods (phone, email, live chat)

Chatbot, Live chat, Ticket

Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat

Support Languages

19+

15+


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Additional Information

Headquarters Location

4th floor, One Canada Square Canary Wharf London, E14 5AB United Kingdom

100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
While eToro maintains low trading fees with no minimum deposit, TMGM includes some charges for premium features and certain asset trades, making eToro the better option for budget-focused traders.
eToro makes starting out easy with a simple application, especially for retail clients. TMGM platform, while requiring more effort to join, allows experienced traders to customize their accounts from the start.
eToro integrates well with algorithmic trading tools and third-party plugins. In contrast, TMGM emphasizes educational content and built-in research features within its platform.
eToro stands out for active traders with robust tools, while TMGM suits investors seeking simplicity and ease of use.