eToro vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 50 of 58 facts confirmed on the brokers’ own pages
eToro has the higher TFB Score (72/100 vs 65/100). eToro is regulated by FCA, CySEC, ASIC; TMGM by ASIC, VFSC, FSA. TFB Score: eToro 72/100, TMGM 65/100.
eToro is a multi-asset platform regulated by the FCA, CySEC and ASIC through separate group entities, offering CFDs alongside real stocks and crypto.
55% 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 | eToro | TMGM |
|---|---|---|
| TFB Score | 72/100▲ | 65/100 |
| Regulation & safety | 35/35▲4 tier-1 regulators (FCA, CySEC, ASIC…), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 14/25▲Spreads and commission not published (counted as neutral) | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 15/20▲Minimum deposit $10 to $10,000 first deposit depending on region, 8 deposit methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 8/20Web platform, Mobile app; leverage up to 30:1 on major currency pairs (retail, EU/UK/AU rules) | 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 | FCA, CySEC, ASIC, FSA Seychelles, FSRA (ADGM), MAS | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | $10 to $10,000 first deposit depending on region | $100 (EDGE and CLASSIC) |
| Max leverage | 30:1 on major currency pairs (retail, EU/UK/AU rules) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Retail accounts losing money | 55% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: eToro review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is eToro or TMGM better?
eToro has the higher TFB Score (72/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are eToro and TMGM regulated?
eToro: FCA, CySEC, ASIC, FSA Seychelles, FSRA (ADGM), MAS. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, eToro or TMGM?
eToro holds 4 tier-1 licences (FCA, CySEC, ASIC and MAS); 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 eToro and TMGM?
eToro: $10 to $10,000 first deposit depending on region. TMGM: $100 (EDGE and CLASSIC). eToro asks for less to start.
Do eToro and TMGM offer MetaTrader and TradingView?
eToro: Web platform, Mobile app. TMGM: MT4, MT5.
What is the maximum leverage at eToro and TMGM?
eToro: 30:1 on major currency pairs (retail, EU/UK/AU rules). 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 eToro 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 eToro, 55% 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