Eightcap vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 40 of 46 facts confirmed on the brokers’ own pages
Eightcap has the higher TFB Score (87/100 vs 65/100). Eightcap is regulated by ASIC, FCA, CySEC; TMGM by ASIC, VFSC, FSA. TFB Score: Eightcap 87/100, TMGM 65/100.
Eightcap is an Australian-founded CFD broker offering Standard and Raw accounts on MetaTrader 4, MetaTrader 5, TradingView and TradeLocker, through entities regulated by ASIC, FCA, CySEC and SCB.
77.97% 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 | Eightcap | TMGM |
|---|---|---|
| TFB Score | 87/100â–² | 65/100 |
| Regulation & safety | 34/35â–²3 tier-1 regulators (ASIC, FCA, CySEC), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 20/25â–²All-in cost from 0.70 pips | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 18/20â–²Minimum deposit $100 (or equivalent in your account currency), 6 deposit methods, 6 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 15/20MT4, MT5, TradingView | 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 | ASIC, FCA, CySEC, SCB (Bahamas), FSA Seychelles, FSC Mauritius | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | $100 (or equivalent in your account currency) | $100 (EDGE and CLASSIC) |
| Spreads from | 0.0 pips (Raw); 1.0 pips (Standard) | Not published |
| Commission | Raw: US$3.50 per standard lot per side (GBP 2.25, EUR 2.75); Standard: none (share CFDs carry commission) | Not published |
| Max leverage | Not published | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Visa/Mastercard, PayPal, Wire transfer, BPAY, Skrill, Neteller | Not published |
| Retail accounts losing money | 77.97% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Eightcap review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Eightcap or TMGM better?
Eightcap has the higher TFB Score (87/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are Eightcap and TMGM regulated?
Eightcap: ASIC, FCA, CySEC, SCB (Bahamas), FSA Seychelles, FSC Mauritius. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, Eightcap or TMGM?
Eightcap holds 3 tier-1 licences (ASIC, FCA and CySEC); 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 Eightcap and TMGM?
Eightcap: $100 (or equivalent in your account currency). TMGM: $100 (EDGE and CLASSIC).
Do Eightcap and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. Eightcap: MetaTrader 4, MetaTrader 5, TradingView, TradeLocker. TMGM: MT4, MT5.
More Eightcap 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 Eightcap, 77.97% 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