PU Prime vs TMGM - BrokerCue
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Broker Comparison

PU Prime vs TMGM

Compare PU Prime and TMGM side by side: fees, regulation, platforms.

PU Prime

PU Prime

Active CFD and forex traders

PU Prime is a multi-asset CFD and forex broker founded in 2015 offering 1,000+ instruments across MT4, MT5 anโ€ฆ

VS
TMGM

TMGM

Active forex and CFD traders

TMGM is an ASIC-regulated forex and CFD broker founded in 2013 in Sydney, offering MT4, MT5 and IRESS platforโ€ฆ

Head-to-head comparison

PU Prime vs TMGM
Feature PU Prime TMGM
Minimum deposit - -
Stock trading fee Available as CFDs; spreads vary by account type Stock CFDs included in Classic/Edge accounts; IRESS account charges 1.8-2.25 cents per share
Regulators ASIC, FSCA, FSC, FSA, CMA ASIC, FMA, VFSC, FSA, FSC
Best for Active CFD and forex traders Active forex and CFD traders
Markets & account
Stocks
ETFs
-
Forex
CFDs
Crypto
Bonds
-
Futures
-
Margin
Multi Currency
Demo Account

Pros & cons

PU Prime

PU Prime

Pros

  • Regulated by ASIC (Tier 1), FSCA (Tier 2) and multiple other bodies
  • 1,000+ instruments including forex, stocks, ETFs, crypto and bonds
  • Raw spreads from 0.0 pips on Prime and ECN accounts
  • No deposit fees and no inactivity fees
  • Free demo account with up to $100,000 virtual funds
  • PU Social copy trading platform with 32,000+ strategy providers
  • MetaTrader 4 and MetaTrader 5 supported alongside proprietary web trader
  • Low minimum deposit of $50 for Standard accounts

Cons

  • ECN account requires $10,000 minimum deposit to access lowest commissions
  • One entity registered in St. Vincent and the Grenadines carries no regulation
  • $20 bank wire fee after the first wire transfer per month
  • Demo account expires after 60 days of inactivity
  • PU Web Trader does not support automated trading via Expert Advisors
  • No real stock investing - shares available as CFDs only
  • FCA has issued a warning against PU Prime (Seychelles) entity for UK clients
TMGM

TMGM

Pros

  • ASIC-regulated with segregated client funds at a major bank
  • Negative balance protection across all entities
  • Raw spreads from 0.0 pips on Edge accounts
  • 12,000+ stock CFDs accessible via IRESS platform
  • Free demo account on MT4 and MT5
  • No deposit or withdrawal fees charged by TMGM
  • Free VPS hosting for algorithmic traders
  • Copy trading available via HUBx

Cons

  • 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
PU Prime

PU Prime

PU Prime is a multi-asset CFD and forex broker founded in 2015 offering 1,000+ instruments across MT4, MT5 and a proprietary web platform with copy trading.

Your capital is at risk. Other fees apply.

TMGM

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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