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TradeStation vs TMGM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
TradeStation
TMGM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
ECN broker
Years of Existence / Established Year
1982
2013
Customer Base / Number of Accounts
226506+ clients
No information
Regulation & Security
Regulations (governing bodies)
CFTC, NFA, FINRA, SEC
ASIC, VFSC and FSC
Awards Won (count for the last 2 years)
Best in Class awards in StockBrockers.com 2023 Online Broker Review, Best Brokerage App at the 2023 Benzinga Global Fintech Awards, TradingView's Best Broker in the AMER Region 2023 Award
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)
Futures option
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
Yes
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
Yes
Yes
Other Trading Platforms (proprietary, etc.)
Desktop, Web trading, Mobile app, Futures Plus
TMGM app
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual, Retirement, Entity
Edge and classic account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$100
Leverage Available
No
1:100 to 1:1000
Trade Limit (maximum per trade)
Depends on asset class
Depends on the assets type
Commission (per account type)
$0
Currency Pairs: $7 ; Precious Metals: $5
Best Suited For (e.g., beginners, experienced traders)
Beginners and experienced traders
Experienced traders
Deposit & Withdrawal Options
Deposit Methods
Wire transfer, Check, Electronic transfer
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Withdrawal Methods
Wire transfer, Check, Electronic transfer
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
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Trading Education, Market Insights, Webinars, Online Trading Courses, Strategy Development and Backtesting
Market analysis, Traders terminology, Trading tools
Fees & Commissions
Trading-Related Fees
Commission- Stocks and ETFs- $0, Stock options- $0 Commission + $0.60 per contract, Future options- $0 Commission + $0.60 per contract, Micro futures- $0 Commission + $0.50 per contract, per side, Futures- $0 Commission + $1.50 per contract, per side
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
$0 Commission + $0.60 per contract
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
1:1000
Non-Trading Fees
Dormant Fees
$10 per month
$30 per month after 6 months of inactivity
Subscription Fees (for premium features, data feeds)
TradeStation platform - $149.95 / month, Without Brokerage Account- $99.99 / month $199.99 for professionals, folio-level strategy back-testing tool - $59.95 / month
NA
Advisory Fees
$25
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$1 per page
NA
Account Opening Fee
$0
NA
Account Maintenance Fee
$35 per year
NA
Deposit Fee
$0
$0
Currency Conversion Fee
Starts from $0.35
Charges not mentioned, May apply for non-USD deposits
Withdrawal Fee
Wire transfer- $25- $35
$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)
9:30 am ET to 4:00 pm ET
Depends on the assets type
Customer Support
Support Hours (e.g., 24/7, weekdays only)
8:00 a.m. - 5:00 p.m. ET
24/7
Customer Support Methods (phone, email, live chat)
Phone: 800.822.0512, Live chat, E-mail: [email protected]
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Support Languages
1
15+
Additional Information
Headquarters Location
8050 SW 10th Street, Suite 2000. Plantation, FL 33324
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
Complaints (for crypto brokers)
No
No
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