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Lightspeed vs TMGM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Lightspeed
TMGM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
ECN broker
Years of Existence / Established Year
2005
2013
Customer Base / Number of Accounts
No information
No information
Regulation & Security
Regulations (governing bodies)
FINRA, SEC
ASIC, VFSC and FSC
Awards Won (count for the last 2 years)
No major awards listed
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
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
Commodity futures
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
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
Yes
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.)
Light speed trader, Web and mobile trading, Speciality trading platform, Future trading platform, Risk management Software
TMGM app
Platform Compatibility (Windows, Mac, iOS, Android)
Yes except Mac, iOS, Android
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Standard account- Individual, Joint, Retirement, Corporate, Trust, LLC, Institutional account- Prime brokerage, Separately Manged account, DVP, RVP,Cash and Margin account
Edge and classic account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$2,000
$100
Leverage Available
4:1 to 2:1
1:100 to 1:1000
Trade Limit (maximum per trade)
Depends on asset class
Depends on the assets type
Commission (per account type)
Accounts under $15,000: $25 monthly fee, Lightspeed Trader and Sterling Trader Pro: $0.50 minimum per order, Eze EMS (formerly RealTick): $3.00 minimum commission, Lightspeed Web & Mobile: $1 minimum commission
Currency Pairs: $7 ; Precious Metals: $5
Best Suited For (e.g., beginners, experienced traders)
Active traders, professionals, and institutional traders
Experienced traders
Deposit & Withdrawal Options
Deposit Methods
Wire transfer, ACH, account transfer, Check
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Withdrawal Methods
Wire transfer, ACH, account transfer,Check
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Other E-Wallets Supported
No
Skrill, Neteller.SticPay, FasaPay, UnionPay
Tools & Educational Resources
Economic Calendar
No
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Trading Platform Tutorials, Market Insights and Analysis, Webinars and Online Events, Trading Education Resources, Market News and Research
Market analysis, Traders terminology, Trading tools
Fees & Commissions
Trading-Related Fees
ETFs- $2, Share- $0.001, Future option fee- $1.29
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
$0.20
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
4:1
1:1000
Non-Trading Fees
Dormant Fees
$25 monthly minimum
$30 per month after 6 months of inactivity
Subscription Fees (for premium features, data feeds)
$130
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
$15 - $50 per month
NA
Account Opening Fee
$20
NA
Account Maintenance Fee
Maintenance fees will be billed weekly, based on the previous month's commissions
NA
Deposit Fee
$0
$0
Currency Conversion Fee
$10
Charges not mentioned, May apply for non-USD deposits
Withdrawal Fee
$20 fee for domestic wires and a $50 fee for international wires, Check standard time- free or overnight $30
$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)
4 AM to 8 PM EST on weekdays only.
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)
E-mail: [email protected], Phone: 1-888-577-3123 , 1-646-393-4800, Schedule a call
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Support Languages
1
15+
Additional Information
Headquarters Location
Chicago office, 181 West Madison Street, Suite 2950, Chicago, IL 60602
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
Complaints (for crypto brokers)
No
No
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