TMGM vs Totality - BrokerCue
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Broker Comparison

TMGM vs Totality

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

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 platfor…

VS
Totality

Totality

Australian investors and active multi-asset traders

Totality is an Australian multi-asset broker, formerly Saxo Australia, offering stocks, ETFs, bonds, FX, CFDs…

Head-to-head comparison

TMGM vs Totality
Feature TMGM Totality
Minimum deposit - Zero minimum deposit
Stock trading fee Stock CFDs included in Classic/Edge accounts; IRESS account charges 1.8-2.25 cents per share Brokerage from $1 on US stocks; ASX from 0.03%, min. 3 AUD; NYSE from 0.03%, min. 1 USD
Regulators ASIC, FMA, VFSC, FSA, FSC ASIC
Best for Active forex and CFD traders Australian investors and active multi-asset traders
Markets & account
Stocks
ETFs
-
Forex
CFDs
Crypto
Bonds
-
Options
-
Futures
-
Margin
Demo Account
Multi Currency
Business Account
-

Pros & cons

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
Totality

Totality

Pros

  • Zero minimum deposit lowers the cash barrier to start
  • No account maintenance or inactivity fees
  • US stock and ETF brokerage starts from $1
  • ASX stocks and ETFs from 0.03%, min. 3 AUD
  • Foreign currency sub-accounts are free to open
  • 11 currency sub-accounts can reduce repeated FX conversions
  • 20-day demo includes a simulated USD 100,000 account
  • Position transfers between Totality sub-accounts are free

Cons

  • Transfers out cost AUD 50 per ISN, capped at AUD 200
  • FX conversion costs up to plus/minus 0.45 percent
  • Saxo-branded platforms were retired on 1 April 2026
  • Some features, such as level 2 market data, require a subscription
  • Classic negative NFE is charged at Totality Ask + 8%
  • Crypto funding and withdrawals are not supported
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.

Visit TMGM Read review

Your capital is at risk. Other fees apply.

Totality

Totality

Totality is an Australian multi-asset broker, formerly Saxo Australia, offering stocks, ETFs, bonds, FX, CFDs, futures, options and crypto exposure on web, mobile and desktop platforms.

Visit Totality Read review

Your capital is at risk. Other fees apply.

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