Written by ForexBrokers.com
In this head to head comparison of BDSwiss vs TMGM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2012, BDSwiss is not publicly traded nor is it a bank. It holds one Tier-1 license, which is considered highly trusted by the industry, but no Tier-2 licenses. BDSwiss has a Trust Score of 73 out of 99 according to ForexBrokers.com, indicating an average risk level.
TMGM, established in 2013, shares similar non-public and non-bank attributes with BDSwiss. However, it distinguishes itself by holding two Tier-1 licenses, providing a higher level of trust. With a Trust Score of 83 out of 99, TMGM falls into the trusted category, offering clients a greater sense of security when compared to BDSwiss.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Year Founded | 2012 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing BDSwiss and TMGM for their commissions and fees, both brokers offer unique advantages depending on the trader's preferences. BDSwiss provides solid order execution statistics. However, the spread on their Classic account is relatively high at 1.5 pips for EUR/USD trades. For traders looking at BDSwiss's cheaper options, the Raw account offers a spread of 0.3 pips plus a $5 commission per side, leading to an effective spread of 1.3 pips. The VIP account offers a slightly lower spread of 1.2 pips. BDSwiss is rated 4 stars and ranks #29 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com.
TMGM is known for its competitive pricing, especially with the Edge account, which charges a $3.50 commission per side, totaling $7 for a complete trade, alongside low spreads. Despite the lack of available average spread data for EUR/USD, TMGM is appealing to traders seeking cost-effective trading without requotes. The account options at TMGM include a spread-only Classic account and a commission-based Edge account, with the latter being the better option for Islamic finance customers as it is Sharia-compliant. Like BDSwiss, TMGM receives a 4-star rating in the Commissions and Fees category, but it is ranked slightly lower at #35.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When exploring the range of investments offered by online brokers BDSwiss and TMGM, both platforms provide opportunities for trading forex as CFDs. However, TMGM significantly exceeds BDSwiss in the number of tradeable symbols, offering an impressive 12,000 compared to BDSwiss's 1,081. While both brokers deliver a similar experience in forex pairs, TMGM slightly edges out BDSwiss with 62 pairs versus 53. Neither platform offers the option to purchase exchange-traded securities from U.S. or international exchanges, nor do they support buying actual cryptocurrencies. Yet, they both allow access to cryptocurrency derivatives.
In addition to traditional trading options, both BDSwiss and TMGM offer copy trading, catering to investors looking to mirror the actions of successful traders. Despite their differences, BDSwiss earns a strong 4-star rating for its range of investments, while TMGM holds a slightly higher 4.5-star rating. Rankings from ForexBrokers.com position TMGM at a respectable 17th place, compared to BDSwiss's 34th, indicating TMGM's broader appeal in the range of investments offered.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 12000 |
| Forex Pairs (Total) | 53 | 62 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing BDSwiss and TMGM, both companies provide traders with a well-rounded selection of trading platforms and tools. They both offer a free virtual demo account for simulated (paper) trading, which is great for those who want to practice before jumping into live trading. While both brokers feature MetaTrader 4 (MT4) and MetaTrader 5 (MT5), BDSwiss stands out with its proprietary platform available alongside the traditional offerings, whereas TMGM does not feature a platform developed in-house. Both brokers support Windows-based desktop downloads and have web-based trading options, meaning traders can choose their preferred method of trading. Additionally, both offer copy trading, allowing traders to mimic successful trades by experienced investors.
In terms of charting tools, both BDSwiss and TMGM provide 15 drawing tools and allow for direct trading from stock charts, offering a seamless charting experience. They also offer watch lists with 7 columns, making it easy to keep track of various trading instruments. However, neither broker offers third-party platforms such as DupliTrade or ZuluTrade. Both brokers share a four-star rating for their trading platforms and tools, though BDSwiss edges ahead in the industry ranking, holding the 24th position out of 62 brokers by ForexBrokers.com, while TMGM ranks 48th. This distinction might matter to those who weigh broker rankings as part of their decision-making process.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both BDSwiss and TMGM cater to iPhone and Android users by offering dedicated apps for each platform. These apps allow traders to stay on top of market changes with stock and forex price alerts, but neither offers watchlist syncing between their mobile app and online account. BDSwiss and TMGM both provide 30 technical studies for charting, the ability to draw trendlines, view various time frames, and create watchlists with real-time quotes. Furthermore, both apps support the auto-saving of chart drawings, adding an extra layer of convenience for users tracking multiple investments.
Despite these similarities, their ratings and rankings differ. BDSwiss boasts a 4-star rating for its mobile app and ranks #23 out of 62 brokers in the Mobile Trading Apps category on ForexBrokers.com. TMGM, on the other hand, also holds a 4-star rating but is ranked lower at #46 in the same category. This difference in rankings indicates a slight edge for BDSwiss in terms of user satisfaction and overall app performance. Whether you prioritize a higher ranking or specific features, both platforms present solid options for mobile trading.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both BDSwiss and TMGM provide daily market commentary, which is helpful for traders seeking up-to-date insights. However, TMGM stands out by offering forex news from notable sources like Bloomberg and Reuters, while BDSwiss does not. When it comes to technical analysis tools, BDSwiss includes resources like Autochartist and offerings from Trading Central, giving users a wide range of analysis options. Though TMGM also provides technical tools from Trading Central, it lacks the comprehensive coverage seen with BDSwiss's use of Autochartist.
Additionally, TMGM provides a sentiment-based trading tool and research tools from Acuity Trading, distinguishing itself in those areas compared to BDSwiss. Both brokers supply economic calendars for tracking global events, aiding traders in strategic planning. Despite some of TMGM's unique tools, BDSwiss generally earns a higher rating for research quality with a 4-star score compared to TMGM’s 3.5 stars. In terms of ranking, BDSwiss holds a more favorable research position at #23 out of 62 brokers on ForexBrokers.com, whereas TMGM is ranked at #53.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When choosing an online broker for educational resources about forex and CFDs, BDSwiss stands out compared to TMGM. BDSwiss provides a comprehensive learning experience with access to more than 10 educational pieces, including articles, videos, and archived webinars. It offers regular online webinars, with at least one session per month, ensuring beginners have ongoing learning opportunities. Additionally, BDSwiss provides a range of beginner and advanced educational videos, greatly aiding traders at different skill levels. In contrast, TMGM doesn't meet this volume of educational content or offer monthly webinars, although both brokers do provide a searchable archive of recorded webinars.
Both BDSwiss and TMGM offer an investor dictionary with definitions of over 50 investing terms, which can be helpful for beginners learning the basics. However, the overall educational offerings of these two brokers are reflected in their ratings: BDSwiss is rated 4 stars for Education and ranked #19 out of 62 brokers by ForexBrokers.com, while TMGM receives 3.5 stars and is ranked #54. This makes BDSwiss a more favorable option for beginners seeking a broker rich in educational resources to kick-start their trading journey.
| Feature |
BDSwiss
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that BDSwiss is better than TMGM. BDSwiss finished with an overall rank of #36, while TMGM finished with an overall rank of #37.
The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary mobile app. BDSwiss demonstrates good order execution statistics and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders.
| Feature |
BDSwiss
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TMGM
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| Overall Rating |
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| Trust Score | 73 | 83 |
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Both BDSwiss and TMGM provide the option to trade cryptocurrency derivatives, yet neither broker offers the ability to purchase actual, delivered cryptocurrencies.
When comparing online brokers BDSwiss and TMGM, both offer funding options via Skrill, Visa or Mastercard, and bank wires; however, BDSwiss supports ACH and SEPA transfers whereas TMGM does not, and TMGM supports PayPal deposits and withdrawals while BDSwiss does not.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | BDSwiss | TMGM | |
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| Trust Score | 73 | 83 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | TMGM Review |
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| Regulation | BDSwiss | TMGM | |
|---|---|---|---|
| Trust Score | 73 | 83 | |
| Year Founded | 2012 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | BDSwiss | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BDSwiss | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 12000 | |
| Forex Pairs (Total) | 53 | 62 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | BDSwiss | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | TMGM | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | BDSwiss | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | BDSwiss | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BDSwiss | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BDSwiss | TMGM | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | BDSwiss Review | TMGM Review |
| Overall | BDSwiss | TMGM | |
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| Trust Score | 73 | 83 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | TMGM Review |
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