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TMGM vs Fineco Bank : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
TMGM
Fineco Bank
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
NA
Years of Existence / Established Year
2013
1999
Customer Base / Number of Accounts
No information
1.4M
Regulation & Security
Regulations (governing bodies)
ASIC, VFSC and FSC
FCA, PRA Bank of Italy and Consob
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
Winner of EMAS Italia 2023 Best in ESG in MF investment and advisor awards 2023 Sustainability leaders 2023
Security Measures
Civil Liability Insurance program for a limit of $10,000,000
SIPC & FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
NBP for derivatives not available for professional traders
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
12,000 instruments including shares
6000+ financial products including ETCs
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
Exchange Traded Notes (ETNs)
No
Yes
Precious Metals
Yes
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
No
MT5
Yes
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
No
Other Trading Platforms (proprietary, etc.)
TMGM app
PowerDesk Fineco App
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes (except iOS)
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Edge and classic account
Fineco Account Trading Account
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$100
Euro 0
Leverage Available
1:100 to 1:1000
100:1
Trade Limit (maximum per trade)
Depends on the assets type
CFDs Min 2% to Max 6% for intraday trading Min 7% to Max 100% for multiday trading
Commission (per account type)
Currency Pairs: $7 ; Precious Metals: $5
NA
Best Suited For (e.g., beginners, experienced traders)
Experienced traders
Beginners & experienced
Deposit & Withdrawal Options
Deposit Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Bank transfer Credit / Debit cards
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
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Market analysis, Traders terminology, Trading tools
Margination Automatic Orders Multicurrency Multiple Filters Remunerated Portfolio Video guides & online webinars
Fees & Commissions
Trading-Related Fees
Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips
CFD Stocks - Euro 0 CFD Indices - Euro 0 CFD Commodities -Euro 0 CFD Forex - Euro0 CFD Crypto -Euro 0 Knock out - Euro 0 ETF promotion -Euro 0 Certificates - Euro 0 Euro 3.95 per order on investments
Spread (typical, fixed, variable)
variable/floating spread
Variable
Per Lot Fees
NA
Up to Euro 0.85 and $1 per lot
Options Contract Fees
NA
IDEM options - Euro 1.95 EUREX Options - Euro 1.95 CBOE Options - $1.95
Futures Contract Fees
NA
Futures IDEM - Euro 1.95 EUREX Futures - Euro 0.95 CME Futures - $1
Markup Fees on Spread
NA
$0
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:1000
100:1
Non-Trading Fees
Dormant Fees
$30 per month after 6 months of inactivity
Euro 0
Subscription Fees (for premium features, data feeds)
NA
0.25%
Advisory Fees
NA
$0
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
NA
$0
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
Euro 2.95 per month
Deposit Fee
$0
$0
Currency Conversion Fee
Charges not mentioned, May apply for non-USD deposits
$0
Withdrawal Fee
$0
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
No
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the assets type
Depends on the assets type
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24/5
Customer Support Methods (phone, email, live chat)
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
UK - 08006406667 Abroad - +44 (0) 20 7065 7557 Monday to Friday, from 10:00 am to 6:30 pm.Email: mailto:[email protected]
Support Languages
15+
2
Additional Information
Headquarters Location
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
Rivoluzione d'Ottobre 16, Reggio Emilia, Italy 42123
Complaints (for crypto brokers)
No
No
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