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TMGM vs Venom Trading : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
TMGM
Venom Trading
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
ECN
Years of Existence / Established Year
2013
2004
Customer Base / Number of Accounts
No information
Info not available
Regulation & Security
Regulations (governing bodies)
ASIC, VFSC and FSC
FINRA NFA SIPC
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 in class for professional trading by stockbrokers.com
Security Measures
Civil Liability Insurance program for a limit of $10,000,000
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
No
Negative Balance Protection
Yes
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
12,000 instruments including shares
-
Currency Pairs
Yes
Yes
Commodities
Yes
No
Indices
Yes
No
Cryptocurrencies
Yes
No
CFDs
Yes
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
No
Yes
Futures
Yes
Yes
Bonds
No
Yes
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
Yes
No
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
Venom mobile Venom desktop Venom web
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes except Mac
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Edge and classic account
Individual account IRA account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$100
$5,000
Leverage Available
1:100 to 1:1000
1:4
Trade Limit (maximum per trade)
Depends on the assets type
Trade size vary on each asset
Commission (per account type)
Currency Pairs: $7 ; Precious Metals: $5
NA
Best Suited For (e.g., beginners, experienced traders)
Experienced traders
Experienced
Deposit & Withdrawal Options
Deposit Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Wire transfer ACH transfer Online bill pay
Withdrawal Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
ACATS DWAC DRS
Other E-Wallets Supported
Skrill, Neteller.SticPay, FasaPay, UnionPay
No
Tools & Educational Resources
Economic Calendar
Yes
No
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Market analysis, Traders terminology, Trading tools
Short videos & courses Recorded webinars
Fees & Commissions
Trading-Related Fees
Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips
Equities - $0.004/share Options - $0.75 per contract Futures - $1.25 / contract
Spread (typical, fixed, variable)
variable/floating spread
Typical
Per Lot Fees
NA
NA
Options Contract Fees
NA
$0.75 per contract
Futures Contract Fees
NA
$1.25 per contract per side
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:1000
1:4
Non-Trading Fees
Dormant Fees
$30 per month after 6 months of inactivity
NA
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
IRA - $7.5 quarterly fee
Deposit Fee
$0
$0
Currency Conversion Fee
Charges not mentioned, May apply for non-USD deposits
Vary for different exchanges
Withdrawal Fee
$0
Wires - $10 Checks - $4 ACH/EFT - $1 SEPA - NA
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
Monday to Friday - 7am to 4.30pm CST
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24/5 weekday customer service
Customer Support Methods (phone, email, live chat)
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Ph-877-792-6272 Customer service line - 877-442-2757 Fax - 972-491-3111 Email - [email protected]
Support Languages
15+
1
Additional Information
Headquarters Location
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
3008 E. Hebron Pkwy Building 400, Carrolton TX 75010
Complaints (for crypto brokers)
No
No
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