Two brokers stand out for MT4/MT5 support and differing regulatory footprints. The matchup tests safety, cost, and the breadth of tradable instruments.
TMGM outperforms Dupoin on the higher editorial score (4.0 vs 3.6) and stronger category scores, making TMGM the stronger option overall.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
TMGM offers tighter spreads from 0.00 pips vs 1.50 pips for Dupoin, reducing trading costs.
| Editorial score | 3.6/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.6 / 5 | 4.3 / 5▲ |
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. 2025020000000412 is publicly verifiable
Offers both MetaTrader 4 and MetaTrader 5
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Dupoin | 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 | Fail | Pass |
The scores are close: Dupoin rates 3.6/5 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.
TMGM starts from 0 pips, tighter than Dupoin's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Dupoin has $30, while TMGM requires at least $100. This makes Dupoin more accessible for traders with limited starting capital.
TMGM holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. Dupoin may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: Dupoin requires a lower minimum deposit ($30), lowering the barrier to entry, and TMGM provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
Dupoin lists maximum leverage of 100:1, 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.
TMGM charges $7 per lot on commission-based accounts. Commission details for Dupoin are not currently available. Check their website for up-to-date pricing.
Dupoin supports MetaTrader 5, MetaTrader 4, while TMGM supports IRESS, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. TMGM has exclusive access to IRESS.
TMGM is ASIC-regulated, offering a stronger regulatory footprint than Dupoin.
TMGM delivers broad asset access including DMA equities via IRESS to support active trading.
TMGM is better suited for scalpers: tighter spreads from 0.00 pips.
Dupoin allows a $30 minimum deposit, aiding beginners with low upfront risk.
TMGM provides 12,000+ instruments, far surpassing Dupoin's 100.
Fees & Spreads 30% weight | 3.5 / 5 | 4.3 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.6 / 5 | 4.2 / 5▲ |
|---|
Customer Support 10% weight | 3.5 / 5 | 4.1 / 5▲ |
|---|
| Founded | 2020 | 2013 |
|---|
| Headquarters | Jakarta, Indonesia | Melbourne, Australia |
|---|
| Min Deposit | $30▼ lower | $100 |
|---|
| Spreads From | 1.5 pips | 0 pips▼ lower |
|---|
| Commission / lot | N/A | $7/lot |
|---|
| N/A | 0.7 pips |
| Max Leverage | 100:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit cardCrypto |
|---|
| Withdrawal methods | Bank transfer | Bank transferCredit cardCrypto |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | BAPPEBTI OJK | ASIC VFSC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | IRESS MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
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
Only available to Indonesian residents, no international clients
Shorter operating history than established domestic peers
Narrow product range limited to forex and commodity futures
Leverage capped at 100:1 under BAPPEBTI rules
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Support available in limited languages
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
Dig deeper into each broker’s features, fees, and regulation.
Score 3.6 / 5
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