BlackBull Markets vs TMGM 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
BlackBull Markets has the higher TFB Score (77/100 vs 65/100). BlackBull Markets is regulated by FSA (Seychelles), FMA (NZ) / FSPR; TMGM by ASIC, VFSC, FSA. TFB Score: BlackBull Markets 77/100, TMGM 65/100.
BlackBull Markets is a New Zealand-founded forex and CFD broker offering MetaTrader 4, MetaTrader 5, cTrader and TradingView, operating through an FMA-licensed NZ entity and an FSA Seychelles-licensed entity.
TMGM is an Australian-founded CFD broker (since 2013) offering MetaTrader 4 and MetaTrader 5 with EDGE (spreads from 0.0 pips plus commission) and CLASSIC (spreads from 1.0 pips, no commission) accounts, operating through entities regulated by ASIC, the VFSC, the FSA Seychelles, the FSC Mauritius and the CMA Kenya.
Side by side
| Item | BlackBull Markets | TMGM |
|---|---|---|
| TFB Score | 77/100▲ | 65/100 |
| Regulation & safety | 18/35Strongest licence FMA (NZ) (tier 2), client money kept apart | 23/35▲1 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 21/25▲All-in cost from 0.60 pips | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 18/20▲Minimum deposit No minimum deposit (funding method minimums may apply), 8 deposit methods, 8 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 20/20▲MT4, MT5, cTrader, TradingView; leverage up to 1:500 | 15/20MT4, MT5; leverage up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FSA (Seychelles), FMA (NZ) / FSPR | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | No minimum deposit (funding method minimums may apply) | $100 (EDGE and CLASSIC) |
| Spreads from | 0.0 pips (ECN Prime); 0.8 pips (ECN Standard) | Not published |
| Commission | ECN Prime: US$3 per lot per side; ECN Standard: $0 | Not published |
| Max leverage | 1:500 | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Visa, Mastercard, Apple Pay, Google Pay, Skrill, Neteller, Crypto, Bank Transfer | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: BlackBull Markets review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is BlackBull Markets or TMGM better?
BlackBull Markets has the higher TFB Score (77/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are BlackBull Markets and TMGM regulated?
BlackBull Markets: FSA (Seychelles), FMA (NZ) / FSPR. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, BlackBull Markets or TMGM?
BlackBull Markets holds no tier-1 licence; TMGM holds 1 (ASIC). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
What is the minimum deposit at BlackBull Markets and TMGM?
BlackBull Markets: No minimum deposit (funding method minimums may apply). TMGM: $100 (EDGE and CLASSIC).
Do BlackBull Markets and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. BlackBull Markets: MetaTrader 4, MetaTrader 5, cTrader, TradingView, BlackBull CopyTrader. TMGM: MT4, MT5.
What is the maximum leverage at BlackBull Markets and TMGM?
BlackBull Markets: 1:500. TMGM: up to 1:1000 (international entities; 1:30 for the Australian entity). Leverage depends on the company that opens your account and on your country.
More BlackBull Markets comparisons
More TMGM comparisons
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning