Two brokers compete on cost, long-term features, and access to global markets. Fidelity highlights zero-expense funds and strong research, while TMGM emphasizes DMA trading and broad instrument coverage.
Find out which stock broker best suits your investing profile.
Choose if…
Choose Fidelity if you want commission-free US stock trading and zero-expense index funds.
Choose if…
Choose TMGM if you want DMA access through IRESS and a broad instrument universe.
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
| Editorial score | 4.6/ 5 | 3.8/ 5 |
|---|---|---|
| Min deposit | N/A | $100 |
| Spreads from | N/A | 0 pips |
| Commission / lot | N/A | $7/lot |
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Fidelity | TMGM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Fail | Fail |
| Costs | ||
| Commission-free trading | Pass | Fail |
| No deposit fee | Pass | — |
| Features | ||
| Fractional shares | Pass | Fail |
| Dividend reinvestment (DRIP) | Pass | Fail |
| Extended hours trading | Pass | Fail |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Pass | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
Fidelity rates 4.6/5 versus 3.8/5 for TMGM. Fidelity edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
TMGM starts from 0. Current spread data is not available for Fidelity. Check both brokers' websites for up-to-date spread and commission pricing.
TMGM requires $100. Minimum deposit information is not currently available for Fidelity.
Both Fidelity and TMGM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, TMGM provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources on each broker's site before deciding.
Fidelity lists maximum leverage of 1:4, while TMGM lists up to 20:1. 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 trade on commission-based accounts. Commission details for Fidelity are not currently available. Check their website for up-to-date pricing. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
Fidelity supports Active Trader Pro, Proprietary Web/Mobile, while TMGM supports IRESS, MetaTrader 5, MetaTrader 4. Fidelity has exclusive access to Active Trader Pro and Proprietary Web/Mobile. TMGM has exclusive access to IRESS and MetaTrader 5 and MetaTrader 4.
Fidelity offers commission-free stock trading while TMGM does not according to our data. Commission-free trading can reduce costs for frequent traders. Always confirm the current fee structure directly on each broker's website.
Fidelity wins for low cost trading with commission-free US stocks and ETFs.
Fidelity wins for safety and regulation with top-tier oversight and excess SIPC coverage up to $1B.
Fidelity wins for long-term investors due to zero-expense index funds and no minimum.
Fidelity wins for active traders with Active Trader Pro and advanced tools.
Fidelity wins for beginners with no account minimum and zero-fee funds.
TMGM wins for global market access with exposure to 15 exchanges.
| N/A |
| 0.7 pips |
| Inactivity fee | None | None |
|---|
| Deposit fee | Free | Free |
|---|
| Deposit methods | Bank transferACHWire transferCheque | Bank transferCredit cardDebit cardCrypto |
|---|
| Withdrawal methods | Bank transferACHWire transferCheque | Bank transferCredit cardCrypto |
|---|
| Withdrawal fee | Free EFT; $10 wire transfer | Free |
|---|
| Commission-free | Yes | No |
|---|
| Fractional shares | Yes | No |
|---|
| Dividend reinvestment | Yes | No |
|---|
| Extended hours | Yes | No |
|---|
| IPO access | No | No |
|---|
| Short selling | Yes | Yes |
|---|
| Regulators | SEC FINRA | ASIC VFSC |
|---|
| Platforms | Active Trader Pro Proprietary Web/Mobile | IRESS MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses | 2 offers | None |
|---|
Fidelity wins on the editorial score thanks to zero-expense funds, commission-free trading, and strong research. TMGM trails in overall score.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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