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

Broker Name

TMGM

TMGM

VS
Swissquote

Swissquote

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Broker Overview

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

ECN broker

STP

Years of Existence / Established Year

2013

1996

Customer Base / Number of Accounts

No information

610,000 accounts


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Regulation & Security

Regulations (governing bodies)

ASIC, VFSC and FSC

FINMA CySEC FCA, DFSA

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

No major awards listed

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

9000+ Markets including ETNs

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

Yes

Mutual Funds

No

Yes

Fractional Shares

Yes

Yes

Exchange Traded Notes (ETNs)

No

Yes

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

Yes

Equities

Yes

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

Yes

MT5

Yes

Yes

cTrader

No

No

Social Trading

Yes

No

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

TMGM app

CFXD Swissquote App

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

Standard Premium Prime Professional

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

Yes

No

Minimum Deposit

$100

€0

Leverage Available

1:100 to 1:1000

1:100- 1 : 400

Trade Limit (maximum per trade)

Depends on the assets type

Varies by instrument

Commission (per account type)

Currency Pairs: $7 ; Precious Metals: $5

€0

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

Experienced traders

Beginners


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Deposit & Withdrawal Options

Deposit Methods

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

Wire Transfer Credit/ Debit cards

Withdrawal Methods

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

Wire Transfer Credit/ Debit cards

Other E-Wallets Supported

Skrill, Neteller.SticPay, FasaPay, UnionPay

No


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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

AI generated sentiment analylsis Portfolio performance chart Recurring orders & Securities lending Stress test tool, ESG feature


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Fees & Commissions

Trading-Related Fees

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

Stocks - 0.1%, ETFs - 0.1%, Options / Futures - 2 Euro per contract, OTC Orders/ Grey market / other markets: 0.50%, minimum 100 currencies, Cryptocurrencies- €25 - 10,000 - 1%, Mutual funds - €24.95 minimum commission

Spread (typical, fixed, variable)

variable/floating spread

Variable

Per Lot Fees

NA

0.00 pips

Options Contract Fees

NA

€0.85 per transaction

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

1:1000

1:400


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Non-Trading Fees

Dormant Fees

$30 per month after 6 months of inactivity

NA

Subscription Fees (for premium features, data feeds)

NA

Others- 0.25%Mutual funds - 0.5%

Advisory Fees

NA

€0

Swap Fees (Overnight Financing)

Yes

Yes

Statement or Document Fee

NA

EUWAX Market - 0.1%

Account Opening Fee

NA

€0

Account Maintenance Fee

NA

Quarterly Custody Fees for Cash Asset 0 to 50,000 CHF - 20 CHFAccount fees for precious metal account balances - 0.25%

Deposit Fee

$0

Bank / Post wire transfer - Free Crediting of cheques - 30 CHF Card deposits - 1.9% (Switzerland & Europe)/0% rest

Currency Conversion Fee

Charges not mentioned, May apply for non-USD deposits

UK - 0.5%

Withdrawal Fee

$0

Wire transfer - Payment fees changes based on currency


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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)

Depends on the assets type

Forex Opening Hours: 8:00 - 18:00 CET. Monday to FridayForex dealing desk Opening hours: From 23:00 Sunday to 23:00 Friday CET


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Customer Support

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

24/7

8:00 - 22:00 CET Monday to Friday

Customer Support Methods (phone, email, live chat)

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

Phone: +41 44 825 88 88 Forex: +41 44 825 87 87 E-mail: [email protected] Forex dealing desk: +41 22 999 94 76

Support Languages

15+

9+


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Additional Information

Headquarters Location

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

Chemin de la Cretaux 33 P.O. Box 1032 1196 Gland

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 TMGM maintains low trading fees with no minimum deposit, Swissquote includes some charges for premium features and certain asset trades, making TMGM the better option for budget-focused traders.
TMGM gets you trading faster thanks to its minimal entry barriers. In comparison, Swissquote account setup is slower but includes extra layers of financial screening and suitability assessments.
Traders who value simplicity and execution speed may prefer TMGM platform. Meanwhile, Swissquote offers more flexibility through tools like advanced order types and multi-screen support.
TMGM delivers a robust ecosystem for seasoned traders, whereas Swissquote focuses on ease of access and modern usability.