Libertex vs TMGM Forex Broker Comparison
A head-to-head comparison of Libertex and TMGM across regulation, trading costs, platforms, and editorial scoring.
Long operational history since 1997, zero spread commission model, and very low $10 minimum deposit - though limited to CySEC regulation and restricted markets.
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 Libertex'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
It's a tie
Both equally suited
Both brokers offer spreads from 0 pips.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for platform choice
Recommended
Libertex offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
TMGM edges out Libertex with a higher editorial score (4/5 vs 3.9/5), indicating a stronger overall experience for new traders.
Libertex 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 | 3.8 / 5 | 4.3 / 5▲ |
Fees & Spreads 30% weight | 4.0 / 5 | 4.3 / 5▲ |
Platforms & Tools 20% weight | 3.9 / 5 | 4.2 / 5▲ |
Customer Support 10% weight | 3.8 / 5 | 4.1 / 5▲ |
| Founded | 1997 | 2013 |
| Headquarters | Limassol, Cyprus | Melbourne, Australia |
| Min deposit | $10 | $100 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | N/A | $7/lot |
| Max leverage | 999:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | CySEC | ASIC VFSC |
| Platforms | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 IRESS |
| Active bonuses | ||
| Visit broker | Visit Libertex | Visit TMGM |
Libertex vs TMGM Forex Broker Pros & Cons
Pros
Very low $10 minimum deposit
Zero spread commission model - transparent cost per trade
Long operational history since 1997
MT4, MT5, and proprietary Libertex platform
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
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
Only CySEC regulated - limited jurisdiction coverage
Commission multiplier model can be confusing for new traders
Not available in many major English-speaking markets
No top-tier regulatory licence
No raw spread account option
Inactivity fee applies
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
Libertex vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Libertex
criteria wins
4
TMGM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Libertex | TMGM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | 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 | Fail | 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 |
Libertex 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 Libertex. The best choice still depends on your individual trading needs; Libertex and TMGM may each suit different trader profiles.
Both Libertex and TMGM offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Libertex has a lower minimum deposit of $10, while TMGM requires at least $100. This makes Libertex more accessible for traders with limited starting capital.
TMGM holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. Libertex 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: Libertex has a lower minimum deposit ($10), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Libertex offers maximum leverage of 999:1, 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.
Libertex supports MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile and TMGM offers MetaTrader 4, MetaTrader 5, IRESS; both support MetaTrader 4, MetaTrader 5; Libertex exclusively offers Proprietary Web/Mobile; TMGM exclusively offers IRESS.
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Score 3.9 / 5
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