Plus500 vs TMGM 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
Plus500 has the higher TFB Score (71/100 vs 65/100). Plus500 is regulated by FCA, CySEC, ASIC; TMGM by ASIC, VFSC, FSA. TFB Score: Plus500 71/100, TMGM 65/100.
Plus500 offers CFDs through its own WebTrader and app via entities regulated by the FCA, CySEC and ASIC.
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 | Plus500 | TMGM |
|---|---|---|
| TFB Score | 71/100â–² | 65/100 |
| Regulation & safety | 34/35â–²3 tier-1 regulators (FCA, CySEC, ASIC), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 16/25â–²Spreads not published (counted as neutral); no commission | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 13/205 deposit methods, 1 withdrawal method | 14/20â–²Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 8/20Plus500 WebTrader, Plus500 app; leverage up to 1:30 on forex CFDs for retail clients | 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 | FCA, CySEC, ASIC | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | Not published | $100 (EDGE and CLASSIC) |
| Commission | No commission on CFD trades (cost is in the spread) | Not published |
| Max leverage | 1:30 on forex CFDs for retail clients | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Same method used to deposit | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Plus500 review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Plus500 or TMGM better?
Plus500 has the higher TFB Score (71/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are Plus500 and TMGM regulated?
Plus500: FCA, CySEC, ASIC. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, Plus500 or TMGM?
Plus500 holds 3 tier-1 licences (FCA, CySEC and ASIC); TMGM holds 1 (ASIC). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
Do Plus500 and TMGM offer MetaTrader and TradingView?
Plus500: Plus500 WebTrader, Plus500 app. TMGM: MT4, MT5.
What is the maximum leverage at Plus500 and TMGM?
Plus500: 1:30 on forex CFDs for retail clients. 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 Plus500 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