Two multi-regulated brokers face off in a chart-ready comparison. The tension centers on regulation and pricing versus instrument variety and platforms.
Find out which broker best suits your trader profile.
Choose if…
Choose BDSwiss if you value a $10 minimum deposit and a proprietary platform along with MT4/MT5.
Choose if…
Choose TMGM if you want 12,000+ instruments including real equities via IRESS DMA and ASIC oversight.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 3.9/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.3 / 5▲ |
Pros
$10 minimum deposit (Classic account) - lowest among CySEC-regulated MT4/MT5 brokers
CySEC (199/13) regulation with ICF compensation scheme for EU clients
MT4, MT5, and proprietary WebTrader
Prime ECN account: raw 0.0 pip spreads at $6/lot commission
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | BDSwiss | TMGM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | 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 | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: BDSwiss rates 3.9/5 and TMGM rates 4/5. TMGM has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both BDSwiss and TMGM start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
BDSwiss has $10, while TMGM requires at least $100. This makes BDSwiss more accessible for traders with limited starting capital.
Both BDSwiss and TMGM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: BDSwiss requires a lower minimum deposit ($10), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
BDSwiss lists maximum leverage of 30:1, while TMGM lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
BDSwiss charges $6 per lot, lower than TMGM's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
BDSwiss supports Proprietary Web/Mobile, MetaTrader 4, MetaTrader 5, while TMGM supports IRESS, MetaTrader 4, MetaTrader 5. Both provide MetaTrader 4 and MetaTrader 5. BDSwiss has exclusive access to Proprietary Web/Mobile. TMGM has exclusive access to IRESS.
Both brokers offer spreads from 0.00 pips.
TMGM wins for safety and regulation due to ASIC oversight.
TMGM wins for active traders with more instruments and higher leverage.
BDSwiss is better suited for scalpers: lower commission ($6/lot).
BDSwiss wins for platform choice due to a proprietary platform alongside MT4/MT5.
TMGM wins for instrument variety with 12,000+ instruments.
Fees & Spreads 30% weight | 3.9 / 5 | 4.3 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.8 / 5 | 4.2 / 5▲ |
|---|
Customer Support 10% weight | 4.0 / 5 | 4.1 / 5▲ |
|---|
| Founded | 2012 | 2013 |
|---|
| Headquarters | Limassol, Cyprus | Melbourne, Australia |
|---|
| Min Deposit | $10▼ lower | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot▼ lower | $7/lot |
|---|
| 0.6 pips▼ lower | 0.7 pips |
| Max Leverage | 30:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardCrypto |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardCrypto |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | CySEC FSA Seychelles FSC | ASIC VFSC |
|---|
| Platforms | Proprietary Web/Mobile MetaTrader 4 MetaTrader 5 | IRESS MetaTrader 4 MetaTrader 5 |
|---|
| Active bonuses |
|---|
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
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
Classic account spreads (1.5-2.0 pips EUR/USD) wide for active traders
$1,000 minimum on the Prime ECN account
No cTrader or TradingView integration
Research tools are basic
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
BDSwiss and TMGM are closely matched overall. TMGM offers 12,000+ instruments versus BDSwiss's 250, a clear divergence in asset variety.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.9 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker