TMGM VS FP Markets
Detailed side-by-side analysis on 40+ criteria. Data updated 2026.
FP Markets 👑
In this 2-way comparison between TMGM and FP Markets, FP Markets emerges as our top recommendation with an overall rating of 4.5/5.
Regulation Excellence: FP Markets holds a Tier-1 ASIC license, providing the highest level of investor protection including segregated client funds and compensation schemes.
Spread Comparison: While TMGM offers the lowest spreads (0 pips), FP Markets's 0.1 pips combined with superior overall features make it our top pick.
Best Broker For:
- Beginners: TMGM (only $100 minimum)
- Low Spreads: TMGM (0 pips EUR/USD)
- Trust & Safety: FP Markets (88% trust score)
- Overall Winner: FP Markets (4.5/5 rating)
| 40+ Criteria |
TMGM |
🏆 Winner
FP Markets |
|---|---|---|
| Overview & Ratings | ||
| Overall Rating | 🏆 Best | |
| Trust Score |
82%
|
88%
|
| Founded | 2013 | 2005 |
| Regulation & Safety | ||
| Primary Regulator | ASIC Tier 1 | ASIC Tier 1 |
| Segregated Accounts | ✔ Yes | ✔ Yes |
| Negative Balance Protection | ✔ Yes | ✔ Yes |
| Publicly Traded | Private | Private |
| Trading Conditions | ||
| EUR/USD Spread | 0.0 pips | 0.1 pips 💰 Lowest |
| Spread Type | Raw/ecn | Raw/ecn |
| Commission | $3.5/lot | $3.0/lot |
| Max Leverage | 1:500 | 1:500 |
| Account Conditions | ||
| Min Deposit | $100 💎 Lowest | $100 💎 Lowest |
| Demo Account | ✔ Unlimited | ✔ Unlimited |
| Islamic Account | ✔ Yes | ✔ Yes |
| Trading Platforms | ||
| MetaTrader 4 | ✔ | ✔ |
| MetaTrader 5 | ✔ | ✔ |
| cTrader | ✗ | ✔ |
| TradingView | ✗ | ✗ |
| Copy Trading | ✔ Yes | ✔ Yes |
| Mobile App | ✔ iOS/Android | ✔ iOS/Android |
| Instruments | ||
| Total Instruments | 12000+ 📈 Most | 10000+ |
| Forex Pairs | 56 | 70 |
| Cryptocurrencies | 19 | 12 |
| Stocks/CFDs | 10000 | 9000 |
| Education & Support | ||
| Educational Content | Limited | Limited |
| Webinars | ✗ | ✗ |
Frequently Asked Questions
Which is better: TMGM or FP Markets?
Based on our comprehensive analysis, FP Markets scores higher overall with a 4.5/5 rating. It's regulated by ASIC, a Tier-1 authority ensuring maximum fund protection. However, the best choice depends on your trading priorities:
- For lowest spreads: TMGM (0 pips)
- For lowest deposit: TMGM ($100)
- For maximum trust: FP Markets (88% trust score)
What are the main differences between these brokers?
Key differences in this comparison:
- TMGM: ASIC, spreads from ? pips, $100 min deposit, MT5 available
- FP Markets: ASIC, spreads from 0.1 pips, $100 min deposit, MT5 available
Which broker is best for beginners?
For beginners, we recommend TMGM due to its low $100 minimum deposit and unlimited demo account.
Are these brokers safe and regulated?
Here's the regulatory status for each broker:
- TMGM: ASIC (Tier-1, highest protection)
- FP Markets: ASIC (Tier-1, highest protection)
We recommend choosing Tier-1 regulated brokers (FCA, ASIC, SEC, FINMA) for maximum fund protection.
