TMGM vs Trade Nation 2026
By Akash · Facts last confirmed (UTC) · 43 of 48 facts confirmed on the brokers’ own pages
Trade Nation has the higher TFB Score (78/100 vs 65/100). TMGM is regulated by ASIC, VFSC, FSA; Trade Nation by FCA, ASIC, CMVM. TFB Score: TMGM 65/100, Trade Nation 78/100.
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.
Trade Nation is a London-headquartered spread betting and CFD broker trading since 2014, FCA-authorised (FRN 525164) and also licensed by ASIC, CMVM, FSCA, the Securities Commission of the Bahamas and the FSA Seychelles, offering fixed spreads on TN Trader, TradingView and MT4.
73.8% of retail CFD accounts lose money with this provider.
Side by side
| Item | TMGM | Trade Nation |
|---|---|---|
| TFB Score | 65/100 | 78/100▲ |
| Regulation & safety | 23/351 tier-1 regulator (ASIC), client money kept apart | 32/35▲2 tier-1 regulators (FCA, ASIC), investor compensation |
| Fees & costs | 13/25Spreads and commission not published (counted as neutral) | 15/25▲Spreads not published (counted as neutral); no commission |
| Deposits & withdrawals | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods | 16/20▲Minimum deposit £0.01 to £5 depending on payment method (UK; the global site lists USD $50), 8 deposit methods, 1 withdrawal method |
| Platforms & trading | 15/20MT4, MT5; leverage up to 1:1000 (international entities; 1:30 for the Australian entity) | 15/20MT4, TradingView; leverage up to 30:1 on major FX pairs (Trade Nation Financial UK Ltd, FCA) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC | FCA, ASIC, CMVM, FSCA, SCB, FSA Seychelles |
| Minimum deposit | $100 (EDGE and CLASSIC) | £0.01 to £5 depending on payment method (UK; the global site lists USD $50) |
| Spreads from | Not published | Fixed spreads (TN Trader and TradingView; variable option on commodities) |
| Commission | Not published | Zero commission (spread only) |
| Max leverage | up to 1:1000 (international entities; 1:30 for the Australian entity) | 30:1 on major FX pairs (Trade Nation Financial UK Ltd, FCA) |
| Platforms | ||
| Withdrawal methods | Not published | Same method used to deposit |
| Retail accounts losing money | Not published | 73.8% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: TMGM review · Trade Nation review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is TMGM or Trade Nation better?
Trade Nation has the higher TFB Score (78/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are TMGM and Trade Nation regulated?
TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Trade Nation: FCA, ASIC, CMVM, FSCA, SCB, FSA Seychelles. Every licence is linked to the regulator's register on each review.
Which is safer, TMGM or Trade Nation?
TMGM holds 1 tier-1 licence (ASIC); Trade Nation holds 2 (FCA and 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 TMGM and Trade Nation?
TMGM: $100 (EDGE and CLASSIC). Trade Nation: £0.01 to £5 depending on payment method (UK; the global site lists USD $50).
Do TMGM and Trade Nation offer MetaTrader and TradingView?
Both offer MetaTrader 4. TMGM: MT4, MT5. Trade Nation: TN Trader, TradingView, MT4.
What is the maximum leverage at TMGM and Trade Nation?
TMGM: up to 1:1000 (international entities; 1:30 for the Australian entity). Trade Nation: 30:1 on major FX pairs (Trade Nation Financial UK Ltd, FCA). Leverage depends on the company that opens your account and on your country.
More TMGM comparisons
More Trade Nation 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 Trade Nation, 73.8% 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