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E*TRADE vs TMGM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
E*TRADE
TMGM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Both ECN and STP broker
ECN broker
Years of Existence / Established Year
1982
2013
Customer Base / Number of Accounts
5.2 million client accounts
No information
Regulation & Security
Regulations (governing bodies)
FRS, FINRA, SIPC, SEC, NFA, FDIC
ASIC, VFSC and FSC
Awards Won (count for the last 2 years)
Investor App and #1 Web Trading Platform for 2024, Benzinga's 2023 Global Fintech 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
SIPC
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
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
Over 50,000 offerings, including US Treasury trades
12,000 instruments including shares
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
No
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
No
Futures
Yes
Yes
Bonds
Yes
No
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Power Etrade web, Power Etrade app
TMGM app
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Brokerage, Retirement, Core portfolio, Managed portfolio, Small business retirement , bank
Edge and classic account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$100
Leverage Available
No
1:100 to 1:1000
Trade Limit (maximum per trade)
Depends on assets class
Depends on the assets type
Commission (per account type)
Currency Pairs: $7 ; Precious Metals: $5
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Experienced traders
Deposit & Withdrawal Options
Deposit Methods
Transfer money, Wire transfer, Transfer an account, Deposit a check ,Direct Deposit
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Withdrawal Methods
E-wallets, check, Wire transfer
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Other E-Wallets Supported
Electronic transfer
Skrill, Neteller.SticPay, FasaPay, UnionPay
Tools & Educational Resources
Economic Calendar
No
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Educational Resources, Tools, Market News and Insights, Tutorials and Webinars
Market analysis, Traders terminology, Trading tools
Fees & Commissions
Trading-Related Fees
Stocks, options, mutual funds, ETFs- $0, Bonds- $1, FINRA trading activity fee- $0.000166
Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips
Spread (typical, fixed, variable)
NA
variable/floating spread
Per Lot Fees
NA
NA
Options Contract Fees
$0.65
NA
Futures Contract Fees
$1.50
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
1:1000
Non-Trading Fees
Dormant Fees
$0
$30 per month after 6 months of inactivity
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
0.30%
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$2
NA
Account Opening Fee
NA
NA
Account Maintenance Fee
$15/ month
NA
Deposit Fee
$0
$0
Currency Conversion Fee
Direct trade-$0.005 per share, Broker assisted trader- $25
Charges not mentioned, May apply for non-USD deposits
Withdrawal Fee
Check return - $25, Electronic return -$25
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Sunday 5 p.m. CT to Friday 4 p.m. CT
Depends on the assets type
Customer Support
Support Hours (e.g., 24/7, weekdays only)
8 AM - 8 PM ET on weekdays
24/7
Customer Support Methods (phone, email, live chat)
Live chat, FAQ, Phone- 800-387-2331, 800-838-0908, Beneficiary Services: [email protected] General inquiries: [email protected]
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Support Languages
1
15+
Additional Information
Headquarters Location
Arlington, Virginia, United States Buyenlarge, Getty
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
Complaints (for crypto brokers)
No
No
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