Compare TMGM Vs Octa: Which is the Better Forex Broker in 2024?
TMGM Vs Octa, 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 Octa, here is the direct comparison:
Compare | TMGM | Octa |
General Rating |
2.42/5 |
3.23/5 |
Score | ||
Trustpilot |
4.3/5 716 users |
4.4/5 7074 users |
πΌ Regulation | ||
β Info | ||
β Established | 2013 | 2011 |
π² Min Deposit | $100 | $25 |
β Max Leverage | 1:500 | 1:500 |
π’ Spread | Fixed | Variable |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, AliPay, FasaPay and Tether (USDT) | Crypto, Credit/debit cards, Neteller, Skrill, FasaPay, Bank transfer and Internal transfers |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | English, Spanish, French, Indonesian, Italian, Portuguese, Thai, Vietnamese, Chinese, Korean, Malay | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai |
πͺ Trade Now | Open TMGM | Open Octa |
Compare Again
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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Octa: Smooth sailing
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Octa: Amazing experience overall
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Octa: I am frustated!!!!
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Octa: No complaint!
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Octa: Bad customer review
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See More TMGM Testimonials
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See More Octa Testimonials
News
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Octa Forex Broker's Ramadan Offers Bonus, Lower Spreads & Prizes!
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Unlock Prosperity: Join Octa's Lunar New Year Celebration for Indonesian Clients!
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Octa Claims Most Reliable Broker in Asia at Global Forex Awards 2023
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TMGM to Bring the Jay Chou Carnival World Tour 2023 to Bangkok
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OctaFX Rebrands to Octa with Global Campaign
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Use a Special Code to Get OctaFX 100 Percent Deposit Bonus
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Join OctaFX Indonesia Livestream to Celebrate Financial Freedom Day
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TMGM Signs Partnership with Chelsea
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OctaFX Celebrates 12 Years with Satisfying Achievements
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See More Related TMGM News
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See More Related Octa News
Article
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Octa Recap in 2023: A Performance Review
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Join OctaFX Demo Contest, Win $1000 in Total
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The Ultimate Trading Competition 2023: Win $194,500 from TMGM
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Unlock Special Benefits and Rewards Using OctaFX Status Program
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Increase Your Funds with OctaFX 50% Deposit Bonus
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OctaFX Trade and Win: Get Prize Lots to Claim Your Trading Rewards
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Forex Brokers in 2022: How OctaFX Performed
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Forex Brokers in 2022: How TMGM Performed
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OctaFX Deposit and Withdrawal: All You Need to Know
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See More Related TMGM Article
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See More Related Octa Article
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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 Octa offers Variable spread.
TMGM vs Octa: 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, Octa provides trading with MetaTrader 4, MetaTrader 5, Web, Social trading with the support of One-click trading, Trailing stop, Pending orders.
Is TMGM or Octa 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 Octa presents the ability of trading with Forex, Gold & silver, Indexes, Energies, Crypto, Oil.
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.
Looking for more references? Here are other comparisons related to TMGM and Octa:
- Compare TMGM vs Forex4You
- Compare TMGM vs Interactive Brokers
- Compare TMGM vs JustMarkets
- Compare Octa vs Exness
- Compare Octa vs GOMarkets
- Compare Octa vs FBS
For more comparisons, visit this page.