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

Broker Name

TMGM

TMGM

VS
Spreadex

Spreadex

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Broker Overview

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

ECN broker

STP

Years of Existence / Established Year

2013

1999

Customer Base / Number of Accounts

No information

60,000+ traders


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Regulation & Security

Regulations (governing bodies)

ASIC, VFSC and FSC

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 Spread Betting Broker - by Good Money Guide Awards 2024 Best Mobile Trading App 2024 - ADVFN International Financial Awards

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


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

12,000 instruments including shares

10,000 trading assets

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

Yes

No

Bonds

No

Yes

Mutual Funds

No

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

Yes

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

No

MT5

Yes

No

cTrader

No

No

Social Trading

Yes

No

Copy Trading

Yes

No

Other Trading Platforms (proprietary, etc.)

TMGM app

Spreadex TradingView

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

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

Edge and classic account

Spread betting Financial trading

Demo Account (Yes/No)

Yes

No

Islamic Accounts (Yes/No)

Yes

No

Minimum Deposit

$100

€0

Leverage Available

1:100 to 1:1000

30:1

Trade Limit (maximum per trade)

Depends on the assets type

Varies by instrument

Commission (per account type)

Currency Pairs: $7 ; Precious Metals: $5

€2.50 per lot

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

Experienced traders

Only experienced


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Deposit & Withdrawal Options

Deposit Methods

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

Easy Bank transfer UK Debit cards Credit card E-wallets

Withdrawal Methods

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

Bank Transfer Credit / Debit Cards

Other E-Wallets Supported

Skrill, Neteller.SticPay, FasaPay, UnionPay

Apple Pay


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Tools & Educational Resources

Economic Calendar

Yes

Yes

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

Market analysis, Traders terminology, Trading tools

Customisable platform 35+ technical indicators Price alerts


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Fees & Commissions

Trading-Related Fees

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

Spread starts from 0.6 pips

Spread (typical, fixed, variable)

variable/floating spread

Variable

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

1:1000

30:1


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Non-Trading Fees

Dormant Fees

$30 per month after 6 months of inactivity

1 per month

Subscription Fees (for premium features, data feeds)

NA

€0

Advisory Fees

NA

€0

Swap Fees (Overnight Financing)

Yes

Yes

Statement or Document Fee

NA

€0

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

Info not available

Withdrawal Fee

$0

€0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

No

Customer Benefits (e.g., Retirement Plan)

No

No


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Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the assets type

Monday: 24 hours Tuesday: 24 hours Wednesday: 24 hours Thursday: 24 hours Friday: 00:00 to 21.15 Saturday: Closed Sunday: 21:00 to 00:00Out of Hours trading: US stock market between 2:30pm to 9pm


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Customer Support

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

24/7

7 days a week 8:00am to 5:30pm

Customer Support Methods (phone, email, live chat)

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

Financial Desk: 08000 526 570 +44 (0) 727 895 151General Enquiries: +44 (0) 727 895 000E mail: [email protected]

Support Languages

15+

1


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Additional Information

Headquarters Location

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

Churchill House, Upper, Marlborough Road, St Albans, Hertfordshire, AL1 3UU

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.
Both TMGM and Spreadex offer affordable fee structures, but TMGM generally edges out with no inactivity fees and lower commissions on standard trades, whereas Spreadex shines with bundled research and platform access.
Creating an account with TMGM is generally faster and more user-friendly, often taking just a few minutes, while Spreadex requires more detailed steps and identity verification, which may suit more cautious investors.
TMGM provides a modern trading experience with its proprietary or MT4/MT5 platform, ideal for technical traders. Spreadex , on the other hand, offers more research tools and is better suited for data-driven investors.
For market veterans, TMGM brings the tools they need. New investors might find Spreadex more approachable and cost-effective.