Compare TMGM Vs FXOpen: Which is the Better Forex Broker in 2024?
TMGM Vs FXOpen, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between TMGM Vs FXOpen, here is the direct comparison:
Feature | TMGM | FXOpen |
General Rating |
2.42/5 |
2.85/5 |
|
Score | 66 | 73 | |
Trustpilot |
4.3/5 718 users |
4.2/5 12 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2013 | 2003 | |
💲 Min Deposit | $100 | $1 | |
⚖ Max Leverage | 1:500 | 1:500 | |
🔢 Spread | Fixed | Variable | |
💸 Commissions | $3.50 | $1.50 | |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, AliPay, FasaPay and Tether (USDT) | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | English, Spanish, French, Indonesian, Italian, Portuguese, Thai, Vietnamese, Chinese, Korean, Malay | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish |
🚪 Trade Now | Open TMGM | Open FXOpen |
Testimonials
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TMGM: Highly recommended
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TMGM: Need VPS info
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TMGM: Furious!
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TMGM: Not bad, my oders are properly executed
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TMGM: Best trading experience
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See More TMGM Testimonials
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See More FXOpen Testimonials
News
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FXOpen Forex Broker Adds Hong Kong Stocks to TickTrader Platform
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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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TMGM to Bring the Jay Chou Carnival World Tour 2023 to Bangkok
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Automated EA and Indicator Script Now Available in FXOpen
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TMGM Signs Partnership with Chelsea
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TMGM Sponsors VFSC Symposium on Virtual Assets
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Celebrating a Decade, TMGM Delivers Solid Trading Security
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FXOpen Releases New Exotic Currency Pairs on its Platform
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Bridging Financial Markets and Crypto, TMGM to be Part of Crossover Markets
Articles
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The Ultimate Trading Competition 2023: Win $194,500 from TMGM
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Your Guide to FXOpen Forex Contests in 2023
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FXOpen Vs Tickmill for Cryptocurrency Trading
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Is FXOpen PAMM Service Worth It?
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FXOpen ECN vs STP Account
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Forex Brokers in 2022: How TMGM Performed
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Your Definitive Guide to FXOpen ECN Account
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What Is IRESS Platform in TMGM?
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Guide to FXOpen Deposit and Withdrawal
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All You Need to Know about FXOpen Mobile App
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, TMGM provides their pricing with Fixed spread while FXOpen offers Variable spread.
TMGM vs FXOpen: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, TMGM enables trading with MetaTrader 4, MetaTrader 5, Social trading. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FXOpen provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web with the support of One-click trading, Trailing stop, Pending orders.
Is TMGM or FXOpen better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, TMGM supports trading with Forex, Gold & silver, Stocks, Indexes, Crypto, while FXOpen presents the ability of trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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