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Do you want to know which is the better broker between IronFX and TMGM ?
In the table below, you can compare the features of IronFX , TMGM side by side to determine the best fit for your needs.
EURUSD:1.1
EURUSD:-1.2
EURUSD:19.33
XAUUSD:24.8
EURUSD: -9.58 ~ 0.92
XAUUSD: -16.77 ~ 13.85
EURUSD:-0.3
EURUSD:-2.5
EURUSD:11.3
XAUUSD:19.2
EURUSD: -6.35 ~ 2.66
XAUUSD: -36.21 ~ 21.34
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of ironfx, tmgm lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Broker Name | IronFX |
Registered in | Cyprus |
Regulated by | CYSEC, FCA |
Year(s) of establishment | 2010 |
Trading instruments | 300+ instruments, including Forex, Metals, Indices, Commodities, Futures and Shares |
Minimum Initial Deposit | Information not available |
Maximum Leverage | 1:30 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4, WebTrader |
Deposit and withdrawal method | VISAMasterCardMaestroSkrillNetellerDotPay |
Customer Service | 24/5, Email, phone number |
Fraud Complaints Exposure | No for now |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Wide range of trading instruments including Forex, Metals, Shares, Futures and Cryptocurrencies.
Multiple account types including STP/ECN, Zero Spread and VIP accounts.
Various deposit and withdrawal methods with no fees from IronFX's side.
Availability of Islamic accounts for traders adhering to Shariah law.
Customer support is available 24/5 via phone and email.
Cons:
Educational resources are not available, which may be a disadvantage for beginner traders.
The maximum leverage is limited to 1:30, which may not be suitable for high-risk traders seeking higher leverage.
Limited regulatory oversight, with the company being regulated by only one top-tier regulator.
High commissions for some account types and instruments, which may result in higher trading costs for traders.
Limited availability in certain countries, which may restrict access for some potential clients.
Pro | Con |
IronFX offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, IronFX has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
IronFX is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IronFX acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that IronFX has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with IronFX or any other MM broker.
IronFX is a global online trading platform that provides access to forex, stocks, metals, commodities, and indices. Founded in 2010, IronFX is regulated by multiple financial authorities and provides clients with access to various trading platforms, including MetaTrader 4 and WebTrader. The company offers a range of account types, trading tools, and educational resources to cater to the needs of traders with different levels of experience. IronFX has won numerous awards for its products and services, including Best FX Broker, Best Trading Platform, and Best Customer Service Provider.
In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.
IronFX, operated by Notesco Financial Services Ltd in Cyprus, is currently regulated by the Cyprus Securities and Exchange Commission (CYSEC), holding an Market Making (MM) License, with license no. 125/10.
IronFX's UK entity, NOTESCO UK Limited, is currently regulated by the Financial Conduct Authority (FCA) in the UK, holding an STP license under license no.585561.
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IronFX offers access to 500 trading instruments from 6 asset classes, covering forex, metals, indices, commodities, futures, and shares. With over 80 currency pairs, including major, minor, and exotic pairs, IronFX provides access to a range of global markets. While some traders may find the number of available instruments overwhelming, this variety provides numerous trading options and the opportunity to capitalize on different market trends. However, some instruments may have low liquidity, leading to wider bid-ask spreads, and high volatility, leading to greater risk exposure. Additionally, trading a large number of instruments may require a greater amount of research and analysis, and some instruments may have high margin requirements, leading to greater risk and capital requirements.
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IronFX offers a range of spreads, commissions, and other costs depending on the account type and instrument traded. For example, the live floating spreads of EURUSD in VIP account can be as low as 0.6 pips, which is highly competitive. Additionally, IronFX provides competitive commissions for certain account types, such as $10 per lot on STP/ECN Zero Spread account for trading EURUSD. On the other hand, IronFX lacks transparency in providing information on minimum deposit and swap rates, which may be a disadvantage for traders. Additionally, the lack of information on other trading costs such as slippage or overnight fees may be a drawback for traders who want to accurately assess the total cost of trading with IronFX. Despite these drawbacks, IronFX offers a wide range of instruments to trade, providing traders with multiple options to diversify their portfolio.
Iron FX is hosting a trading competition running from April 1, 2024, to June 30, 2024, with a massive $500,000 prize pool up for grabs. Traders can participate by opening a competition account and meeting the minimum deposit requirement for each round. The competition provides an opportunity for traders to showcase their skills and compete for substantial cash prizes. Detailed information regarding the competition, including rules, prize structure, and registration process, is available on the Iron FX official website.
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IronFX seems to offer an innovative yet professional account structure to its traders.
For live floating or live fixed spreads trading, Iron FX offers Standard, Premium, VIP, and Live Zero Fixed Spread accounts for CFDs across forex, metals, indices, commodities, futures, and shares (except Live Zero). Minimum lot size is 0.01 with multiple base currencies. Spreads range from 1.6 pips (Standard) to 1.2 pips (VIP) floating or fixed (Live Zero) with/without commissions. Leverage up to 1000:1, 20%/50% stop-out, swap-free options available. All accounts include dedicated account managers, dealing desk support, and 24/5 assistance.
For traders who want to try the STP or ECN model, three specilized account options are on offer: No commission, Zero Spread, and Absolute Zero. These accounts provide access to CFDs on forex, metals, indices, and commodities, with a minimum lot size of 0.01. Base currency options include USD, EUR, JPY, GBP, and BTC.
The No Commission account features spreads starting from 0.9 pips without any commission charges. Conversely, the Zero Spread account has zero spreads but includes commissions on trades. The Absolute Zero account combines the best of both worlds, offering zero spreads and no commissions, albeit with a lower leverage cap of 200:1 compared to 500:1 for the other two account types.
IronFX's trading platforms cater to various trader preferences, offering a range of web-based, mobile, and social trading solutions. The MT4 platform provides advanced functionality, while the WebTrader and Web App offer user-friendly interfaces. The VPS service ensures continuous trading capabilities, and the mobile app allows for on-the-go access. Additionally, the PAMM and TradeCopier features facilitate social trading and strategy copying, providing traders with opportunities to learn from and follow successful peers.
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MetaTrader 4 and WebTrader
MetaTrader 4 (MT4) - The industry-standard platform offering advanced charting, technical analysis tools, Expert Advisors (EAs), and customizable interfaces.
WebTrader - IRON FX's proprietary web-based platform providing a user-friendly interface and access to various trading instruments.
VPS (Virtual Private Server) - Allows traders to run automated trading strategies and EAs on a dedicated virtual server, ensuring continuous connectivity.
PAMM (Percent Allocation Management Module) - Allows traders to allocate funds to successful money managers and participate in their trading strategies.
Mobile Apps:
New mobile app (iOS and Android) - IRON FX's newly launched mobile application, enabling traders to monitor their accounts, place trades, and access real-time market data on-the-go.
Web App - The next generation, web-based Web Trader app is a powerful app that is easy to use and syncs effortlessly with the MT4 platform.
Social Trading Features:
TradeCopier - A social trading feature that enables traders to automatically copy the trades of other successful traders, mirroring their strategies and positions.
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IronFX offers a maximum leverage of up to 1:30, which allows traders to increase potential profits with a smaller initial investment and provides flexibility to trade larger positions. However, high leverage can increase potential losses, and requires strict risk management and trading discipline to avoid margin calls and account liquidation. Although leverage can offer opportunities for diversification and risk management, it is not suitable for all traders, especially beginners who may not have a solid understanding of leverage. Therefore, traders must carefully consider their risk appetite and experience level before deciding to trade with leverage.
IronFX offers a variety of deposit and withdrawal options for traders. Bank wire transfers have no deposit fees, but may be subject to corresponding and intermediary bank fees. Credit/debit card deposits have a maximum transaction amount of USD 50,000 per transaction and no fees, but withdrawals may have fees up to EUR 1.5 per transaction. Skrill and Neteller deposits have a maximum transaction amount of USD 50,000 per transaction and no fees, but withdrawals have a maximum transaction amount of USD 50,000 per transaction and Neteller withdrawals have a minimum fee of USD 1.00 per transaction. DotPay withdrawals have a maximum transaction amount of PLN 200,000 with no associated withdrawal fees.
Deposit
Credit Card/Debit Card | Deposit Fees | Maximum transaction amount |
VISA | None | USD 50,000 per transaction |
MasterCard | None | USD 50,000 per transaction |
Maestro | None | USD 50,000 per transaction |
Bank Wire | Deposit Fees | |
Bank wire | Depends on the corresponding and intermediary banks.IronFX does not apply any fees. | |
Skrill | Deposit Fees | Maximum transaction amount |
USD 50,000 per transaction | ||
Neteller | Deposit Fees | Maximum transaction amount |
USD 50,000 per transaction | ||
DotPay | Deposit Fees | Maximum transaction amount |
PLN 200,000 |
Withdrawal
Credit Card/Debit Card | Withdrawal Fees | Maximum transaction amount |
VISA | up to EUR 1.5 per transaction | USD 50,000 per transaction |
MasterCard | up to EUR 1.5 per transaction | USD 50,000 per transaction |
Maestro | up to EUR 1.5 per transaction | USD 50,000 per transaction |
Skrill | Withdrawal Fees | Maximum transaction amount |
1% capped to USD 10,000 | USD 50,000 per transaction | |
Neteller | Withdrawal Fees | Maximum transaction amount |
2% capped to USD 30.00 / minimum USD 1.00 per transaction | USD 50,000 per transaction | |
DotPay | Withdrawal Fees | Maximum transaction amount |
N/A | PLN 200,000 |
Iron FX offers a comprehensive educational suite including VIP market analysis, webinars, seminars, podcasts, trading psychology resources, financial news, video tutorials, and an economic calendar. These rich educational resources can potentially help traders seek knowledge enhancement across various topics, strategies, market updates, and psychological aspects of trading, ensuring a well-rounded learning experience for all skill levels.
Pros | Cons |
24/5 support line | No 24/7 support |
Email support with response within 24 hours on business days | No live chat support |
IronFX offers customer care services through email support and a support line that is available to answer calls 24/5. Customers can expect to receive a response within 24 hours during business days when they send an email to the support team. However, there is no live chat support available, and customer care services are not available 24/7. Also, the language support provided is limited, which may be a disadvantage for some customers.
Overall, IronFX is a well-established and regulated online brokerage firm offering a wide range of trading instruments, including forex, metals, indices, commodities, and shares, to its clients. The company offers multiple account types and trading platforms, catering to the needs of different types of traders. It also provides its clients with access to various deposit and withdrawal options, as well as a dedicated customer support team. However, the lack of educational resources and limited research tools may make it less suitable for novice traders. Additionally, the high minimum deposit requirement and relatively high fees may make it less accessible for some traders. Nonetheless, IronFX's strong regulation, multiple trading instruments, and flexible account options make it a competitive choice for experienced traders.
Is Iron FX suitable for beginners?
IronFX can be a decent starting point for beginners. This broker provides educational resources and a user-friendly platform (MetaTrader 4).
Is Iron FX safe to trade with?
IronFX can be safe if you use their entities regulated by UK's FCA, Cyprus' CySEC or South Africa's FSCA. But check forex broker safety ratings before starting.
Does Iron FX offer some unique features?
IronFX offers a social trading platform (“Tradecopier”) to copy experienced traders, potentially helpful for beginners.
TMGM appears to a respected forex broker, presenting access to more than 12,000 spanning forex, CFDs, and cryptocurrencies. Traders can enjoy competitive spreads across various instruments, exemplified by the EUR/USD currency pair with an average spread of around 0.1 pips. Besides, TMGM extends a diverse set of trading platforms, notably including MetaTrader 4 and MetaTrader 5. Morever, TMGM enriches the trading journey with rich educational resources and trading tools. Lastly, 24/7 multilingual customer support stands ready. However, the question remains: Does TMGM truly live up to its claims? Let's explore more.
TMGM Review Summary in 10 Points | |
Founded | 2013 |
Headquarters | Sydney, Australia |
Regulation | ASIC, VFSC (Offshore) |
Market Instruments | forex, indices, shares, futures, precious metals, energies and cryptocurrencies |
Demo Account | Available |
Leverage | 1:500 |
EUR/USD Spread | 1.0 pips |
Trading Platforms | MT4, MT5 |
Minimum deposit | $100 |
Customer Support | Live chat, phone, email |
Founded in 2013 and headquartered in Sydney, Australia, TMGM is an online ECN/STP broker. Notably, in 2016, TMGM introduced its MetaTrader 5 platform. Subsequently, the company achieved FCA membership in the UK during 2017. The year 2019 witnessed the launch of TMGM's mobile trading app, further enhancing accessibility. By 2021, TMGM's reach expanded to encompass over 200 countries worldwide.
Offering a diverse array of more than 12,000 trading instruments spanning forex, commodities, cryptocurrencies, and stocks, TMGM caters to traders through popular platforms including MT4 and MT5.
Pros | Cons |
• ASIC regulation | • No US clients accepted |
• Competitive spreads and low commissions | • Inactivity fees applied |
• Over 12000 trading instruments | |
• MT4 and MT5 platforms offered | |
• 24/7 multilingual cutsomer support | |
• Multiple account types with flexible options | |
• Rich educational resources | |
• High leverage up to 1:500 |
TMGM, a regulated broker, holds authorization from the tier-one regulator ASIC and is also licensed by the New Zealand Financial Markets Authority (FMA). Additionally, TMGM's international operations are overseen by the VFSC in Vanuatu offshore. Now, let's quickly delve into TMGM's regulations and licenses, which will shed light on how the broker ensures compliance with industry standards and protects clients.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | TRADEMAX AUSTRALIA LIMITED | Market Making(MM) | 436416 | |
VFSC | Trademax Global Limited | Retail Forex License | 40356 |
Under the oversight of ASIC, a prominent tier-1 regulatory authority, TMGM's Australian branch known as TRADEMAX AUSTRALIA LIMITED operates with regulatory number 436416. This entity is licensed for Market Making (MM). As per the stringent rules set by ASIC, which is globally recognized, brokers must ensure the safety of clients' funds.
Since TMGM claims to obtain the ASIC license, an investigation team from WikiFX visited the company's registered address in Australia. This visit, conducted in person, revealed that the company is operating smoothly and on a large scale. This direct observation by the investigator enhances our confidence in TMGM's legitimacy and highlights its strong and credible operations under ASIC's regulation.
TMGM's international branch, Trademax Global Limited, operates under the regulation and authorization of VFSC offshore, holding a license for retail forex activities.
TMGM goes above and beyond by offering an impressive collection of 12,000+ trading instruments, setting it apart as a broker with an exceptional range of options, covering 60 currency pairs, indices, and stocks sourced from major global exchanges. Moreover, TMGM extends its offerings to include futures, as well as sought-after precious metals like gold and silver. Adding to the mix are energies such as oil and natural gas, not to mention a selection of 10 cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
Trading Assets | Available |
Forex | |
Shares | |
Energies | |
Indices | |
Precious Metals | |
Cryptocurrencies | |
Futures | |
Indices CFD Dividend | |
Shares CFD Dividend | |
ETFS | |
Stocks | |
Options |
TMGM tailors its account types to match the chosen trading platform. If you're using the MetaTrader 4 platform, they provide EDGE and CLASSIC accounts. Plus, for those who prefer Swap Free accounts or want to practice with demo accounts, TMGM offers those options as well.
Both accounts require a minimum deposit of $100, quite reasonable for most regular traders to get started.
Classic | Edge | |
Min Deposit | $100 | $100 |
Min Lot Size | 0.01 Lot | 0.01 Lot |
Max Leverage | 1:500 | 1:500 |
Funding | Free | Free |
Execution Type | ECN | ECN |
EA Available | ||
Islamic Account | ||
Hedging Allowed |
The minimum deposit requirement is $5,000 for STANDARD Account, $10,000 for PREMIUM Account, and $50,000 for GOLD Account. When it comes to fees, the Standard account entails a platform fee of $35 USD or $45 AUD per month. The Premium and Gold account holders, on the other hand, enjoy fee-free access to the platform. Additionally, all account types are subject to a data fee for each exchange they use.
Standard | Premium | Gold | |
Minimum Deposit | $5,000 | $10,000 | $50,000 |
Platform Fee | $35 or A$45/per month | No Fee | No Fee |
Data Fee | For Every Exchange | ||
Min. Commission | $10 | Not mentioned | |
Commission Rate (cps) | 2.25 | 7 | 1.8 |
Minimum(Trade Size) | 333Shares | Not mentioned | |
Financing | Libor+3.5%/-3.5% | Libor +3%/-3% | Libor +2.5%/-2.5% |
TMGM also provides a Swap Free account for those who are unable to pay or receive interest owing to their religious convictions. To open a Swap-Free account, you'll need to have an Edge account, which requires a minimum of $100 and a minimum lot size of 0.01.
Demo trading accounts are available through TMGM for anyone interested in testing the waters before opening a real account. These accounts allow you to test out the broker's services before committing any real money. In addition, it provides a means of learning as much as possible about TMGM before you commit to an investment account.
The MetaTrader4 trading platform (which we'll come to in a moment) is available to demo accounts for an entire year. However, in the event of inactivity for six months, your access will be terminated. A $5,000, $10,000, or $50,000 virtual currency balance is available to you.
TMGM offers quite a high trading leverage up to 1:500 on all account types. Forex products trading can use leverage of up to 1:500, indices and energy with leverage of 1:100, and precious metals featuring 400x leverage.
Here's a table comparing leverage provided by major industry players. Notably, TMGM offers relatively higher leverage, though it appears somewhat more cautious compared to the other three competitors. However, users should remember that high leverage is a two-edged tool with potential risks.
Broker | TMGM | Exness | FXTM | IC Markets |
Max. Leverage | 1:500 | 1:Unlimited | 1:2000 | 1:500 |
TMGM offers competitive spreads and commissions on their trading instruments. The exact spreads and commissions vary depending on the account type and trading platform used. The spreads on CLASSIC accounts start at 1.0 pips, with no commission charged, while the spreads on EDGE accounts start at 0.0 pips, and a commission of $7 (round turn) is charged per lot.
Generally, TMGM offers tight spreads on major forex pairs such as EUR/USD, with spreads as low as 0.0 pips. Commissions may be charged on some trading instruments, such as shares and futures. However, these commissions are generally competitive compared to other brokers in the industry.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
TMGM | 0.0 pips | $7 per round turn |
Pepperstone | 0.09 pips | $3.5 per lot |
eToro | 1.0 pips | $0 |
IG | 0.6 pips | $0 |
Plus500 | 0.8 pips | $0 |
XM | 0.9 pips | $0 |
TMGM offers popular trading platforms for their clients: MetaTrader4 (MT4) and MetaTrader5 (MT5).
Available Devices | PC, Mac, Mobile (iOS and Android) |
Language | English |
Scalping | |
Hedging | |
Automated Trading | |
One-click Execution | |
Web-based Trading | |
Mobile Trading | |
MT5 | |
cTrader | |
Proprietary Platform |
MT4 is a popular and widely used platform that provides advanced charting tools, technical analysis indicators, and customizable trading robots. It also supports a variety of order types and execution modes, allowing for flexible and efficient trading.
TMGM provides its traders with various trading tools to enhance their trading experience. These tools include:
Educational Contents | Available |
HUBx | |
Trading Calendar | |
Market Sentiment Tool | |
ForexVPS | |
Trading Central | |
Traders Terminology | |
Max-Calculator |
TMGM | Most other | |
Minimum Deposit | $100 | $100 |
The minimum deposit and withdrawal amount is both $100. Depositing doesn't cost anything, but the time it takes and the currency options depend on your chosen payment method. Be aware, though, that some deposit methods like Union Pay, FasaPay, Visa, and MasterCard can't be used for withdrawals.
Payment Options | Currencies | Min.Deposit | Min.Withdrawal | Fees | Processing Time ( Deposit) | Processing Time ( Withdrawal) |
NZD, USD, AUD, EUR, CAD | $100 | $100 | $0 | 1-3 Working Day | 1 Working Day | |
USD | Instant | |||||
NZD | Not mentioned | 1 Working Day | Not mentioned | |||
USD | $100 | Instant | 1 Working Day | |||
USD, EUR, GBP, AUD, NZD, CAD | 1 Working Day | |||||
CNY | Not mentioned | Instant | Not mentioned | |||
$100 | 1 Working Day | |||||
USD | Not mentioned | Not mentioned | ||||
USD, EUR, GBP, AUD, NZD, CAD | 3 Working Days | |||||
MYR, THB, IDR, VND | $100 | Instant | ||||
USD, EUR, GBP, AUD, NZD, CAD | Not mentioned | |||||
TMGM charges various fees, including spreads and commissions that we have mentioned before, as well as overnight financing fees. The specific fees vary depending on the type of account and trading platform used. TMGM does not charge any deposit or withdrawal fees, but clients may incur fees from their payment providers.
Additionally, TMGM charges an inactivity fee of $10 per month if there is no activity in the trading account for a period of six months or more. This fee will be deducted from the available balance of the account. However, if the available balance is less than $10, no inactivity fee will be charged. It is important to note that the inactivity fee is a common practice in the industry and is designed to encourage active trading and to offset the costs of maintaining inactive accounts.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
TMGM | Free | Free | $10/month after 6 months of inactivity |
Pepperstone | Free for Australian Bank Transfer, $20 for International Transfer | $0 after 12 months of inactivity | |
eToro | $5 | $10/month after 12 months of inactivity | |
IG | $1 for AUD, CAD, and USD, £1 for GBP, €1 for EUR | $18/month after 24 months of inactivity | |
Plus500 | $1.5-$10 depending on withdrawal method | $10/month after 3 months of inactivity | |
XM | Free | $5/month after 90 days of inactivity |
TMGM offers customer support through multiple channels including live chat, phone, email, and social media (YouTube, Twitter, Facebook, Instagram and LinkedIn).
Contact Channels | Details |
+612 8036 8388 | |
support@tmgm.com | |
24/7 | |
Sydney office, Melbourne Office, Adelaide Office, Canberra Office, Auckland Office | |
https://www.facebook.com/TMGMgroup | |
https://twitter.com/TMGMgroup | |
https://www.youtube.com/tmgmgroup | |
https://www.instagram.com/tmgmgroup/ | |
https://www.linkedin.com/company/tmgmgroup | |
https://api.whatsapp.com/send/?phone=61452597488&text&app_absent=0 |
You'll find an extensive and user-friendly FAQ section right on their website, covering a wide range of topics, from account setup to trading strategies, making it an invaluable tool for traders of all levels.
Pros | Cons |
• Multiple languages supported | • No dedicated account manager or personal service |
• Quick response times to inquiries | • Limited availability on weekends and holidays |
• Personalized service with tailored solutions |
Is TMGM regulated?
Yes. It is regulated by ASIC, and VFSC (offshore).
At TMGM, are there any regional restrictions for traders?
Yes. Products and Services offered on their website are not intended for residents of the United States.
Does TMGM offer demo accounts?
Answer 3: Yes.
Does TMGM offer the industry-standard MT4 & MT5?
Yes. It supports MT4 and MT5.
What is the minimum deposit for TMGM?
The minimum initial deposit at TMGM to open an account is $100.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive ironfx and tmgm are, we first considered common fees for standard accounts. On ironfx, the average spread for the EUR/USD currency pair is -- pips, while on tmgm the spread is From 0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
ironfx is regulated by CYSEC,FCA,FSCA. tmgm is regulated by ASIC,VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
ironfx provides trading platform including Absolute Zero,Zero Spread,No Commision,Live Zero Fixed Spread,VIP,Premium,Standard and trading variety including Forex, Metals, Indices, Commodities. tmgm provides trading platform including Edge ,Classic and trading variety including FX: 56 Bullion: 3 Oil: 2 CFD: 20 Crypto: 12 Shares: 48.