FBS vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 36 of 42 facts confirmed on the brokers’ own pages
FBS has the higher TFB Score (79/100 vs 65/100). FBS is regulated by FSC (Belize), CySEC; TMGM by ASIC, VFSC, FSA. TFB Score: FBS 79/100, TMGM 65/100.
FBS is a forex and CFD broker operated by FBS Markets Inc. under the Financial Services Commission of Belize, offering MetaTrader 4, MetaTrader 5 and the FBS app with a $5 minimum deposit.
66.08% 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 | FBS | TMGM |
|---|---|---|
| TFB Score | 79/100â–² | 65/100 |
| Regulation & safety | 28/35â–²1 tier-1 regulator (CySEC), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 21/25â–²All-in cost from 0.70 pips, no commission | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 17/20â–²Minimum deposit $5, 4 deposit methods, 4 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 13/20MT4, MT5; leverage up to 1:3000 on forex (FBS Markets Inc., Belize) | 15/20â–²MT4, 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 | FSC (Belize), CySEC | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | $5 | $100 (EDGE and CLASSIC) |
| Spreads from | 0.7 pips (floating; no commission) | Not published |
| Commission | No commission to open or close positions | Not published |
| Max leverage | 1:3000 on forex (FBS Markets Inc., Belize) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Credit/debit cards, Skrill, Neteller | Not published |
| Retail accounts losing money | 66.08% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: FBS review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is FBS or TMGM better?
FBS has the higher TFB Score (79/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are FBS and TMGM regulated?
FBS: FSC (Belize), CySEC. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, FBS or TMGM?
FBS holds 1 tier-1 licence (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 FBS and TMGM?
FBS: $5. TMGM: $100 (EDGE and CLASSIC). FBS asks for less to start.
Do FBS and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. FBS: MetaTrader 4, MetaTrader 5, FBS app. TMGM: MT4, MT5.
What is the maximum leverage at FBS and TMGM?
FBS: 1:3000 on forex (FBS Markets Inc., Belize). 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 FBS 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 FBS, 66.08% 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