Swissquote vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 39 of 44 facts confirmed on the brokers’ own pages
Swissquote has the higher TFB Score (69/100 vs 65/100). Swissquote is regulated by FCA, FINMA; TMGM by ASIC, VFSC, FSA. TFB Score: Swissquote 69/100, TMGM 65/100.
Swissquote serves UK clients through Swissquote Ltd (FCA 562170), part of the Swiss-listed Swissquote banking group, with Premium, Prime and Elite forex and CFD accounts on MetaTrader 4 and 5.
78.23% 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 | Swissquote | TMGM |
|---|---|---|
| TFB Score | 69/100â–² | 65/100 |
| Regulation & safety | 32/35â–²2 tier-1 regulators (FCA, FINMA), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 16/25â–²Spreads from 0 pips; commission not comparable in USD per lot | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 9/20Minimum deposit USD 1,000 or the same in EUR, GBP or CHF (Premium account), 1 deposit method, 1 withdrawal method | 14/20â–²Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 12/20MT4, MT5 | 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, FINMA | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | USD 1,000 or the same in EUR, GBP or CHF (Premium account) | $100 (EDGE and CLASSIC) |
| Spreads from | 0.0 pips (Elite account; Prime from 0.6 pips, Premium from 1.3 pips) | Not published |
| Commission | EUR 2,5 per side per lot traded (Elite account; Premium and Prime have zero commissions) | Not published |
| Max leverage | Not published | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Online forms in the 'Payments & Transfers' section | Not published |
| Retail accounts losing money | 78.23% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Swissquote review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Swissquote or TMGM better?
Swissquote has the higher TFB Score (69/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are Swissquote and TMGM regulated?
Swissquote: FCA, 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, Swissquote or TMGM?
Swissquote holds 2 tier-1 licences (FCA and 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 Swissquote and TMGM?
Swissquote: USD 1,000 or the same in EUR, GBP or CHF (Premium account). TMGM: $100 (EDGE and CLASSIC). TMGM asks for less to start.
Do Swissquote and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. Swissquote: MetaTrader 4, MetaTrader 5. TMGM: MT4, MT5.
More Swissquote 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 Swissquote, 78.23% 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