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 the commissions and fees of online brokers BDSwiss and TMGM, it's clear that both have their unique strengths and trade-offs. BDSwiss offers good order execution statistics, but its spreads can be on the higher side. For its Classic account, the EUR/USD spread is 1.5 pips, which is considered expensive against industry standards. On the other hand, the Raw account provides a spread of 0.3 pips plus a $5 commission per side, resulting in a total effective spread of 1.3 pips. The VIP account offers an even narrower spread of 1.2 pips. BDSwiss is rated 4 out of 5 stars for commissions and fees and holds the #30 rank among 62 brokers in this category.
TMGM stands out with its competitive commission rates for the Edge account, which is commission-based with low spreads and no requotes, although recent average spread data for EUR/USD was not available. It's worth noting that the Edge account charges a commission of $3.50 per side, totaling $7 for a round trip, alongside low spreads, which could lower overall trading costs. For those interested in Sharia-compliant trading, only the Edge account provides an interest-free option. Similar to BDSwiss, TMGM is also rated 4 out of 5 stars for commissions and fees but is ranked slightly lower at #36 out of 62 brokers.
Both BDSwiss and TMGM offer competitive trading conditions with distinct advantages, so your choice may depend on your trading style and preferences. While BDSwiss provides good execution with higher spreads, TMGM offers lower commissions with essential data transparency yet to be fully unveiled. Choosing between a spread-only or commission-based account type will likely guide your decision based on how you prioritize fees relative to trading strategy.
| 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.
Both BDSwiss and TMGM provide well-equipped mobile trading apps that cater to users on iPhone and Android devices. For those keen on staying updated with market trends, both apps supply stock or forex price alerts, allowing traders to make timely decisions. While neither platform offers watchlist syncing between the app and online accounts, they do provide the basic tools necessary for effective trading, such as viewing various time frames and drawing trendlines on charts. Additionally, each app allows traders to create watchlists with real-time quotes, enhancing the overall trading experience.
When it comes to technical analysis, both BDSwiss and TMGM offer 30 technical studies, proving to be valuable for traders who rely on in-depth charting tools. Both apps also ensure that drawings made on charts are automatically saved, so users can pick up their analysis where they left off. Rated four out of five stars for their mobile trading apps, BDSwiss holds a more favorable rank at #24 compared to TMGM's #47, highlighting its slightly better standing among 62 brokers according to ForexBrokers.com.
| 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 cater to traders with daily market commentary, but they differ in the depth and variety of their research tools. BDSwiss stands out by providing technical analysis tools from both Autochartist and Trading Central. However, it falls short in offering forex news from top-tier sources like Bloomberg or Reuters, which TMGM does provide. While BDSwiss does not offer sentiment-based trading tools or research from Acuity Trading, TMGM fills in those gaps, giving traders access to market sentiment analysis and additional research capabilities.
Both brokers supply an economic calendar to keep traders informed about global news events. When it comes to ratings, BDSwiss scores 4 out of 5 stars for their research offerings, ranking 24th among 62 brokers according to ForexBrokers.com. TMGM receives a slightly lower rating of 3.5 stars, placing it 53rd. Overall, BDSwiss offers a broader scope of research tools, but TMGM covers unique aspects like top-tier news sources and sentiment-based tools.
| 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
|
|---|---|---|
| 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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