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Webull vs TMGM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Webull
TMGM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Self-directed retail brokerage platform
ECN broker
Years of Existence / Established Year
2017
2013
Customer Base / Number of Accounts
20 Million
No information
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
ASIC, VFSC and FSC
Awards Won (count for the last 2 years)
2024 Global Private Banking Awards
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, FIDC, Apex Clearing Corp upto $150 million
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)
3,300 ETFs including OTC, Margin, Index options, US treasuries bonds
12,000 instruments including shares
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
No
Futures
Yes
Yes
Bonds
Yes
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
Yes
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, and Mobile apps
TMGM app
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual, IRA, Futures, Advisor, Entity
Edge and classic account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
Yes
Minimum Deposit
$0
$100
Leverage Available
4:1 to 2:1
1:100 to 1:1000
Trade Limit (maximum per trade)
Unlimited number of day trades
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, Active and passive investor
Experienced traders
Deposit & Withdrawal Options
Deposit Methods
Bank linking, ACH, Wire Transfer, Debit card funding, Recurring deposit
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Withdrawal Methods
ACH withdrawals
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 News and Analysis, Webinars and Live Events, Trading Simulator, Financial Insights and Research
Market analysis, Traders terminology, Trading tools
Fees & Commissions
Trading-Related Fees
Regulatory Transaction Fee- $0.0000278*Total $ Trade Amount, Regulatory Fee- $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per, CAT Regulatory Fees- $0.000052 * Total Trade Volume, Low-Priced Securities- $0.0002 per share, F-stocks (foreign settlement)- Buys: $5.00 per trade, Sells: $0.05 per trade, liquidity Charge- Minimum Overnight Interest Rate: 15% Fee: $250, CAT Regulatory Fees- Buys & Sells: $0.00000072 * Total Trade Volume
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
$0.10 per contract
NA
Futures Contract Fees
$1.50
NA
Markup Fees on Spread
1.50%
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
4:1
1:1000
Non-Trading Fees
Dormant Fees
$0
$30 per month after 6 months of inactivity
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$2 for each confirmation, $5 for each account statement, and $2.5 for each prospectus mailing
NA
Account Opening Fee
$0
NA
Account Maintenance Fee
$0
NA
Deposit Fee
$8 for deposits in the U.S., $12.5 for international deposits
$0
Currency Conversion Fee
$10
Charges not mentioned, May apply for non-USD deposits
Withdrawal Fee
$25 for withdrawals in the U.S, and $45 for international withdrawals
$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)
Pre-market trading from 4:00 AM to 9:30 AM EST
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], call :1-888-828-0618, in app chat
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Support Languages
15+
15+
Additional Information
Headquarters Location
44 Wall Street, New York City
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
Complaints (for crypto brokers)
No
No
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