easyMarkets vs TMGM Forex Broker Comparison
A head-to-head comparison of easyMarkets and TMGM across regulation, trading costs, platforms, and editorial scoring.
Score 3.9 / 5
2 bonusesFixed spreads, unique risk management tools (dealCancellation, freeze rate), and a very low $25 minimum deposit make easyMarkets accessible for risk-averse traders.
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 0.1 pts
TMGM edges ahead with a score of 4/5 vs easyMarkets's 3.9/5. 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 0.7 pips for easyMarkets, reducing trading costs.
Best for safety & regulation
Recommended
easyMarkets has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
TMGM has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
easyMarkets offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
TMGM edges out easyMarkets with a higher editorial score (4/5 vs 3.9/5), indicating a stronger overall experience for new traders.
easyMarkets vs TMGM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.9 / 5 | 4.3 / 5▲ |
Fees & Spreads 30% weight | 3.8 / 5 | 4.3 / 5▲ |
Platforms & Tools 20% weight | 4.0 / 5 | 4.2 / 5▲ |
Customer Support 10% weight | 3.9 / 5 | 4.1 / 5▲ |
| Founded | 2001 | 2013 |
| Headquarters | Limassol, Cyprus | Melbourne, Australia |
| Min deposit | $25 | $100 |
| Spreads from | 0.7 pips | 0 pips |
| Commission / lot | N/A | $7/lot |
| Max leverage | 400:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | ASIC CySEC CNV MNB HCMC | ASIC VFSC |
| Platforms | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 IRESS |
| Active bonuses | ||
| Visit broker | Visit easyMarkets | Visit TMGM |
easyMarkets vs TMGM Forex Broker Pros & Cons
Pros
Fixed spreads with no-slippage guarantee on web platform
Unique dealCancellation feature to undo losing trades
Very low $25 minimum deposit
CySEC, ASIC regulated
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform 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
Fixed spreads are wider than ECN variable spread accounts
Proprietary platform feels dated compared to MT4/MT5
Limited research tools
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
easyMarkets vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
easyMarkets
criteria wins
2
TMGM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | easyMarkets | 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 | Fail | 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 | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
easyMarkets vs TMGM: Frequently Asked Questions
Based on our independent editorial scoring, TMGM ranks higher with a score of 4/5 vs 3.9/5 for easyMarkets. The best choice still depends on your individual trading needs; easyMarkets and TMGM may each suit different trader profiles.
TMGM offers tighter spreads starting from 0 pips, compared to easyMarkets's spreads from 0.7 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
easyMarkets has a lower minimum deposit of $25, while TMGM requires at least $100. This makes easyMarkets more accessible for traders with limited starting capital.
Both easyMarkets and TMGM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: easyMarkets has a lower minimum deposit ($25), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
easyMarkets offers maximum leverage of 400:1, 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.
easyMarkets supports MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile and TMGM offers MetaTrader 4, MetaTrader 5, IRESS; both support MetaTrader 4, MetaTrader 5; easyMarkets exclusively offers Proprietary Web/Mobile; TMGM exclusively offers IRESS.
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Score 3.9 / 5
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