Dukascopy vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 36 of 41 facts confirmed on the brokers’ own pages
Dukascopy has the higher TFB Score (69/100 vs 65/100). Dukascopy is regulated by FINMA; TMGM by ASIC, VFSC, FSA. TFB Score: Dukascopy 69/100, TMGM 65/100.
Dukascopy Bank SA is a Swiss bank founded in Geneva in 2004 and regulated by FINMA as a bank and securities firm, with an EU arm Dukascopy Europe IBS AS in Riga, offering JForex 4 and MetaTrader 4 with volume-based commissions.
75.14% of retail CFD accounts lose money with this provider.
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 | Dukascopy | TMGM |
|---|---|---|
| TFB Score | 69/100▲ | 65/100 |
| Regulation & safety | 25/35▲1 tier-1 regulator (FINMA), client money kept apart | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 15/25▲Spreads from 0.1 pips; commission not comparable in USD per lot | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 16/20▲Minimum deposit $100 (Dukascopy Bank SA forex account), 6 deposit methods, 5 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 13/20MT4; leverage up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | 15/20▲MT4, 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 | FINMA | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | $100 (Dukascopy Bank SA forex account) | $100 (EDGE and CLASSIC) |
| Spreads from | 0.1 pips (variable, SWFX marketplace) | Not published |
| Commission | USD 100 | Not published |
| Max leverage | Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Payment cards, Skrill, Neteller, Bitcoins, Ether, Tether | Not published |
| Retail accounts losing money | 75.14% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Dukascopy review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Dukascopy or TMGM better?
Dukascopy has the higher TFB Score (69/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are Dukascopy and TMGM regulated?
Dukascopy: FINMA. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, Dukascopy or TMGM?
Dukascopy holds 1 tier-1 licence (FINMA); 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 Dukascopy and TMGM?
Dukascopy: $100 (Dukascopy Bank SA forex account). TMGM: $100 (EDGE and CLASSIC).
Do Dukascopy and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4. Dukascopy: JForex 4, MetaTrader 4. TMGM: MT4, MT5.
What is the maximum leverage at Dukascopy and TMGM?
Dukascopy: Up to 1:200 on business days (1:60 at weekends; Dukascopy Bank SA). 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 Dukascopy 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. At Dukascopy, 75.14% of retail investor accounts lose money when trading CFDs with that provider. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning