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Plus500 vs TMGM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Plus500
TMGM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
ECN broker
Years of Existence / Established Year
2008
2013
Customer Base / Number of Accounts
20 Million
No information
Regulation & Security
Regulations (governing bodies)
FCA, CYSEC, ASIC, FMA, FSCA, FSP, ISA, FSA, MAS, DFSA, FSA, SCB
ASIC, VFSC and FSC
Awards Won (count for the last 2 years)
Best in Class for Trust Score 2024, GLOBAL TRADING ADVFN International Financial 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
Anti-Money Laundering
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)
2800+
12,000 instruments including shares
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
No
Yes
CFDs
Yes
Yes
ETFs
No
Yes
Stocks
No
Yes
Options
Yes
No
Futures
Yes
Yes
Bonds
No
No
Mutual Funds
No
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.)
Mobile and web trading platform
TMGM app
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Retail Account & Demo Account
Edge and classic account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$100
$100
Leverage Available
1:30
1:100 to 1:1000
Trade Limit (maximum per trade)
Depends on the asset type
Depends on the assets type
Commission (per account type)
$0
Currency Pairs: $7 ; Precious Metals: $5
Best Suited For (e.g., beginners, experienced traders)
Experienced traders
Experienced traders
Deposit & Withdrawal Options
Deposit Methods
Credit, Debit, Master card, Bank transfer, e-wallets
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Withdrawal Methods
Credit, Debit, Master card, Bank transfer, e-wallets
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Other E-Wallets Supported
PayPal, Skrill
Skrill, Neteller.SticPay, FasaPay, UnionPay
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Trading Academy Online Courses, Market News and Analysis, Webinars, Trading Guides and eBooks, Video Tutorials, Trader's Guide Beginner's Guide
Market analysis, Traders terminology, Trading tools
Fees & Commissions
Trading-Related Fees
Commission-$0
Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips
Spread (typical, fixed, variable)
Variable
variable/floating spread
Per Lot Fees
NA
NA
Options Contract Fees
NA
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:30
1:1000
Non-Trading Fees
Dormant Fees
$10 per month inactive for three months
$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)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
NA
NA
Account Maintenance Fee
NA
NA
Deposit Fee
$0
$0
Currency Conversion Fee
0.70%
Charges not mentioned, May apply for non-USD deposits
Withdrawal Fee
$0
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
No
Yes
Customer Benefits (e.g., Retirement Plan)
No
No
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the instrument offer
Depends on the assets type
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24/7
Customer Support Methods (phone, email, live chat)
Call +65 6320 1111 or +65 6320 1119, Email to Plus500's customer support, Live chat
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Support Languages
32+
15+
Additional Information
Headquarters Location
Menachem Begin 125 Tel Aviv, Israel.
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
Complaints (for crypto brokers)
No
No
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