Skilling vs TMGM Forex Broker Comparison
A head-to-head comparison of Skilling and TMGM across regulation, trading costs, platforms, and editorial scoring.
Modern Swedish-founded broker with CySEC and FCA regulation, a visually polished proprietary platform, and cTrader for advanced traders - well-positioned for EU retail clients seeking a contemporary alternative to legacy MetaTrader brokers.
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
Too close to call0.1 pts apart
Skilling and TMGM are extremely closely matched with scores of 4.1/5 and 4/5. The right choice depends on your individual trading priorities.
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 Skilling, reducing trading costs.
Best for safety & regulation
Recommended
Skilling has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for platform choice
Recommended
Skilling offers more exclusive platform options: cTrader, Skilling Trader, a proprietary platform.
Best for beginners
Recommended
Skilling edges out TMGM with a higher editorial score (4.1/5 vs 4/5), indicating a stronger overall experience for new traders.
Skilling vs TMGM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.3 / 5 |
Fees & Spreads 30% weight | 4.2 / 5 | 4.3 / 5▲ |
Platforms & Tools 20% weight | 4.3 / 5▲ | 4.2 / 5 |
Customer Support 10% weight | 4.1 / 5 | 4.1 / 5 |
| Founded | 2016 | 2013 |
| Headquarters | Valletta, Malta | Melbourne, Australia |
| Min deposit | $100 | $100 |
| Spreads from | 0.7 pips | 0 pips |
| Commission / lot | N/A | $7/lot |
| Max leverage | 500:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA FSCA CySEC | ASIC VFSC |
| Platforms | MetaTrader 4 cTrader Skilling Trader | MetaTrader 4 MetaTrader 5 IRESS |
| Active bonuses | ||
| Visit broker | Visit Skilling | Visit TMGM |
Skilling vs TMGM Forex Broker Pros & Cons
Pros
Clean modern Skilling Trader platform - excellent UX for new-to-intermediate traders
cTrader available with raw spreads from 0.0 pips
CySEC and FCA regulation with EU and UK investor protections
Growing Latin American presence with local-language support
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
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
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
$100 minimum deposit on standard accounts
Newer broker - less track record than IG or Pepperstone
Product range narrower than multi-asset brokers
No phone support
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
Skilling vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Skilling
criteria wins
1
TMGM
criteria win
Highlighted rows show where the two brokers differ
| Criteria | Skilling | 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 | Fail | Pass |
| Multilingual support | Pass | Pass |
Skilling vs TMGM: Frequently Asked Questions
Based on our independent editorial scoring, Skilling ranks higher with a score of 4.1/5 vs 4/5 for TMGM. The best choice still depends on your individual trading needs; Skilling and TMGM may each suit different trader profiles.
TMGM offers tighter spreads starting from 0 pips, compared to Skilling's spreads from 0.7 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Both Skilling and TMGM require a minimum deposit of $100 to open a live trading account.
Both Skilling 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: both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Skilling offers maximum leverage of 500:1, 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.
Skilling supports MetaTrader 4, cTrader, Skilling Trader and TMGM offers MetaTrader 4, MetaTrader 5, IRESS; both support MetaTrader 4; Skilling exclusively offers cTrader, Skilling Trader; TMGM exclusively offers MetaTrader 5, IRESS.
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