Broker Comparison

FBS vs TMGM

Compare FBS and TMGM side by side: fees, regulation, platforms.

FBS

High-leverage forex and CFD traders

FBS is a forex and CFD broker founded in 2009, offering six account types, MetaTrader 4 and 5, and a minimum …

Active forex and CFD traders

TMGM is an ASIC-regulated forex and CFD broker founded in 2013 in Sydney, offering MT4, MT5 and IRESS platfor…

FBS vs TMGM
Feature	FBS	TMGM
Minimum deposit	-	-
Stock trading fee	-	Stock CFDs included in Classic/Edge accounts; IRESS account charges 1.8-2.25 cents per share
Regulators	CySEC, ASIC, FSCA, FSC	ASIC, FMA, VFSC, FSA, FSC
Best for	High-leverage forex and CFD traders	Active forex and CFD traders
Markets & account
Stocks	-
Forex
CFDs
Crypto
Margin
Demo Account
Multi Currency	-

Not available to residents of the US, UK, EU member states, Canada, Japan, Iran, or Myanmar
Stock CFD commission on Standard account is relatively high at 0.7%
Very high maximum leverage (1:3000) raises risk of rapid loss
Offshore Belize entity (FSC) provides limited regulatory protection
Limited cryptocurrency selection (around 5 assets)

Inactivity fee of $30 per month after 6 months
IRESS platform requires a minimum $5,000 deposit
No EU-based regulatory licence
Limited educational resources compared to some competitors
High leverage (up to 1:1000) only available through offshore entity
ASIC-issued DDO stop orders in May 2024 (suspended June 2024) indicate prior compliance concerns
No demo account available for IRESS platform

FBS

FBS is a forex and CFD broker founded in 2009, offering six account types, MetaTrader 4 and 5, and a minimum deposit from USD 1.

Your capital is at risk. Other fees apply.

TMGM

TMGM is an ASIC-regulated forex and CFD broker founded in 2013 in Sydney, offering MT4, MT5 and IRESS platforms with Classic and Edge account types.

Your capital is at risk. Other fees apply.

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