AMarkets vs TMGM Forex Broker Comparison
A head-to-head comparison of AMarkets and TMGM across regulation, trading costs, platforms, and editorial scoring.
SVG FSA-regulated broker with genuine ECN conditions on MT4, MT5, and cTrader, a well-regarded PAMM system, and an established following in Russia, Ukraine, and Central Asia.
VS
ASIC-regulated Australian broker with 10,000+ instruments including DMA equities, well-positioned for Asian traders who want Australian regulatory standards alongside a broad asset range.
Our Verdict
TMGM winsby 0.2 pts
TMGM edges ahead with a score of 4/5 vs AMarkets's 3.8/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It's a tie
Both equally suited
Both brokers offer spreads from 0 pips.
Best for safety & regulation
Recommended
TMGM has a stronger safety profile: top-tier regulation, segregated funds, negative balance protection.
Best for platform choice
It's a tie
Both equally suited
Both brokers offer an equivalent platform selection with similar exclusive and proprietary options.
Best for beginners
Recommended
TMGM edges out AMarkets with a higher editorial score (4/5 vs 3.8/5), indicating a stronger overall experience for new traders.
AMarkets vs TMGM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.8/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.4 / 5 | 4.3 / 5▲ |
Fees & Spreads 30% weight | 4.0 / 5 | 4.3 / 5▲ |
Platforms & Tools 20% weight | 4.1 / 5 | 4.2 / 5▲ |
Customer Support 10% weight | 3.9 / 5 | 4.1 / 5▲ |
| Founded | 2007 | 2013 |
| Headquarters | Kingstown, Saint Vincent and the Grenadines | Melbourne, Australia |
| Min deposit | $100 | $100 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $6/lot | $7/lot |
| Max leverage | 3000:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | SVGFSA | ASIC VFSC |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 IRESS |
| Active bonuses | ||
| Visit broker | Visit AMarkets | Visit TMGM |
AMarkets vs TMGM Forex Broker Pros & Cons
Pros
MT4, MT5, and cTrader all available
Competitive $6 round-turn ECN commission
Mature PAMM platform with full performance transparency
No inactivity fee
Client funds held in segregated accounts
Raw spread account available
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
10,000+ instruments including real equities via IRESS DMA
ASIC regulated - Tier 1 Australian investor protections
ECN Edge account: raw spreads from 0.0 pips at $7 commission
Strong multilingual support for Asian clients
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
SVG FSA registration only - no meaningful retail investor protection
No EU or Tier 1 licensed entity
Very high leverage (3000:1) is a risk amplifier
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
$100 minimum deposit on standard accounts
Less brand recognition than IC Markets or Pepperstone in Australia
IRESS DMA platform requires separate setup
No investor compensation scheme
No proprietary platform
AMarkets vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
AMarkets
criteria wins
3
TMGM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | AMarkets | TMGM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
AMarkets vs TMGM: Frequently Asked Questions
Based on our independent editorial scoring, TMGM ranks higher with a score of 4/5 vs 3.8/5 for AMarkets. The best choice still depends on your individual trading needs; AMarkets and TMGM may each suit different trader profiles.
Both AMarkets and TMGM offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Both AMarkets and TMGM require a minimum deposit of $100 to open a live trading account.
TMGM holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. AMarkets may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: TMGM offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
AMarkets offers maximum leverage of 3000:1, while TMGM offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
AMarkets charges $6 per lot, lower than TMGM's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
AMarkets supports MetaTrader 4, MetaTrader 5, cTrader and TMGM offers MetaTrader 4, MetaTrader 5, IRESS; both support MetaTrader 4, MetaTrader 5; AMarkets exclusively offers cTrader; TMGM exclusively offers IRESS.
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Score 3.8 / 5
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