Dupoin vs TMGM Forex Broker Comparison
A head-to-head comparison of Dupoin and TMGM across regulation, trading costs, platforms, and editorial scoring.
A newer locally-incorporated Indonesian broker completing the dual BAPPEBTI and OJK registration standard, offering compliant domestic forex access.
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 0.4 pts
TMGM edges ahead with a score of 4/5 vs Dupoin's 3.6/5. 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
Recommended
TMGM offers tighter spreads from 0 pips vs 1.5 pips for Dupoin, reducing trading costs.
Best for safety & regulation
Recommended
TMGM has a stronger safety profile: top-tier regulation, segregated funds, negative balance protection.
Best for beginners
Recommended
TMGM edges out Dupoin with a higher editorial score (4/5 vs 3.6/5), indicating a stronger overall experience for new traders.
Dupoin vs TMGM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.6/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.6 / 5 | 4.3 / 5▲ |
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 | $100 |
| Spreads from | 1.5 pips | 0 pips |
| Commission / lot | N/A | $7/lot |
| Max leverage | 100:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | BAPPEBTI OJK | ASIC VFSC |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 IRESS |
| Active bonuses | ||
| Visit broker | Visit Dupoin | Visit TMGM |
Dupoin vs TMGM Forex Broker Pros & Cons
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
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
Dupoin vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
Dupoin
criteria wins
4
TMGM
criteria wins
Highlighted rows show where the two brokers differ
| 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 |
Dupoin vs TMGM: Frequently Asked Questions
Based on our independent editorial scoring, TMGM ranks higher with a score of 4/5 vs 3.6/5 for Dupoin. The best choice still depends on your individual trading needs; Dupoin and TMGM may each suit different trader profiles.
TMGM offers tighter spreads starting from 0 pips, compared to Dupoin's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Dupoin has a lower minimum deposit of $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. Always verify regulatory status with the broker directly before depositing funds.
For beginners: Dupoin has a lower minimum deposit ($30), lowering the barrier to entry; TMGM offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
Dupoin offers maximum leverage of 100:1, 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.
TMGM charges $7 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Dupoin supports MetaTrader 4, MetaTrader 5 and TMGM offers MetaTrader 4, MetaTrader 5, IRESS; both support MetaTrader 4, MetaTrader 5; TMGM exclusively offers IRESS.
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Score 3.6 / 5
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