Find out which broker best suits your trader profile.
Choose if…
Choose TMGM if you want 12,000 instruments and advanced charting with ASIC protections.
Choose if…
Choose Windsor Brokers if you value a compensation scheme and a 35+ year track record.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 4.0/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 4.2 / 5 |
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
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | TMGM | Windsor Brokers |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| 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 | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
TMGM and Windsor Brokers share the same editorial score of 4/5. One concrete differentiator: TMGM holds top-tier regulatory status.
Both TMGM and Windsor Brokers start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Both TMGM and Windsor Brokers require a minimum deposit of $100 to open a live trading account.
TMGM holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. Windsor Brokers 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
TMGM lists maximum leverage of 500:1, while Windsor Brokers 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, lower than Windsor Brokers's $8 per lot. Lower commissions benefit active traders who execute many trades per day.
TMGM supports IRESS, MetaTrader 5, MetaTrader 4, while Windsor Brokers supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. TMGM has exclusive access to IRESS.
TMGM edges Windsor on regulation with ASIC status and segregated client funds.
TMGM wins for broader instrument range and platform options including IRESS DMA.
TMGM is better suited for scalpers: lower commission ($7/lot).
TMGM wins with MT4/MT5 and IRESS access.
Equally matched.
TMGM wins for 12,000+ instruments versus Windsor's 200.
Fees & Spreads 30% weight | 4.3 / 5▲ | 4.0 / 5 |
|---|
Platforms & Tools 20% weight | 4.2 / 5▲ | 3.8 / 5 |
|---|
Customer Support 10% weight | 4.1 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2013 | 1988 |
|---|
| Headquarters | Melbourne, Australia | Nicosia, Cyprus |
|---|
| Min Deposit | $100 | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $7/lot▼ lower | $8/lot |
|---|
| 0.7 pips▼ lower | 0.8 pips |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardCrypto | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardCrypto | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC VFSC | CySEC FSCA |
|---|
| Platforms | IRESS MetaTrader 5 MetaTrader 4 | MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
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
Pros
35+ years of continuous operation, one of the longest track records in retail forex
CySEC regulated with EU investor protections
ECN Zero account from 0.0 pips + $8 commission
Islamic swap-free accounts available
Client funds held in segregated accounts
Negative balance protection
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
Cons
Platform limited to MT4 and MT5, no cTrader or proprietary option
$100 minimum deposit on standard accounts
ECN commission slightly above IC Markets and Pepperstone
No top-tier regulatory licence
Limited charting capabilities
Two brokers are compared on regulation, pricing, and platform choices. The axis centers on protection standards, instrument breadth, and execution tools, inviting closer scrutiny of who holds the edge.
TMGM and Windsor Brokers are closely matched overall. TMGM offers a top-tier regulator, 12,000 instruments, and advanced charting, while Windsor provides an investor compensation scheme.
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
Score 4 / 5
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