Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets 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.
BlackBull Markets and TMGM are both private online brokerages, not publicly traded or affiliated with banks. BlackBull Markets, founded in 2014, holds one Tier-1 license, positioning it in the 'average risk' category with a Trust Score of 78 according to ForexBrokers.com. In contrast, TMGM was established in 2013 and holds two Tier-1 licenses, earning a 'trusted' Trust Score of 83. Both companies lack Tier-2 licenses, which are also considered trusted by ForexBrokers.com.
While BlackBull Markets demonstrates decent regulatory strength with its Tier-1 license, TMGM offers a slightly higher level of regulatory assurance with an additional Tier-1 license. This distinction places TMGM in a more favorable position when comparing their Trust Scores and regulatory credentials, suggesting TMGM might be a more trusted choice for some traders.
| Feature |
BlackBull Markets
|
TMGM
|
|---|---|---|
| Year Founded | 2014 | 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 | 1 | 2 |
When comparing the commissions and fees of BlackBull Markets and TMGM, you'll find each broker offers distinct options tailored for different trading needs. BlackBull Markets provides three distinct account types with varying costs. The Standard account is ideal for beginners, as it is commission-free and requires no minimum deposit, although it does come with higher spreads. More experienced traders might prefer the Prime account, which has a lower spread on the EUR/USD at an average of 0.16 but requires a $2,000 deposit and incurs a $6 round-turn commission for every $10,000 traded. For those who are able to deposit $20,000 or more, the ECN Institutional account offers even lower commissions at $4 per round turn. BlackBull Markets boasts a 4.5-star rating and is ranked 18th out of 62 brokers for commissions and fees by ForexBrokers.com.
TMGM, on the other hand, presents two main account types. The Classic account follows a spread-only pricing model, making it easier for traders who prefer not to deal with commissions. However, if lower spreads are appealing, the Edge account is a strong choice. This account charges a commission of $7 per round trip while maintaining competitive spreads. It's worth noting that TMGM does not provide average spread data for the EUR/USD. For those needing a Sharia-compliant account, the Edge account is necessary, as it is the only one offering swap-free trading. TMGM is rated 4 stars and holds the 36th position in the same category by ForexBrokers.com.
In summary, BlackBull Markets and TMGM both offer viable options, with the decision largely hinging on the individual trader’s budget and trading style. Whether you're drawn to BlackBull's varied account types and lower spreads or prefer TMGM's straightforward commission structure, each broker brings its own strengths. Consider your trading priorities and use these insights to guide your choice.
| Feature |
BlackBull Markets
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | 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 it comes to the range of investments offered, BlackBull Markets and TMGM both provide online traders with a solid selection, especially in forex trading. BlackBull Markets shines with an extensive offering of 26,000 tradeable symbols, significantly higher than TMGM's 12,000. It offers 72 tradeable forex pairs compared to TMGM’s 62. An added advantage for BlackBull Markets users is the ability to invest in exchange-traded securities on both U.S. and international exchanges, providing access to shares like Apple and Vodafone, a feature TMGM lacks entirely as it doesn't allow trading of exchange-traded shares.
Both brokers support forex trading via CFDs or spot contracts and offer access to cryptocurrency derivatives, although neither allows for purchasing actual cryptocurrencies. For those interested in copy trading, both platforms provide this option. BlackBull Markets earns a perfect 5-star rating for its range of investments, ranking 6th among 62 brokers reviewed by ForexBrokers.com. Meanwhile, TMGM scores 4.5 stars, landing at the 17th position. This comparison indicates BlackBull Markets might be more attractive for traders seeking a wider variety of tradeable assets and investment opportunities.
| Feature |
BlackBull Markets
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 12000 |
| Forex Pairs (Total) | 72 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 BlackBull Markets and TMGM in terms of trading platforms and tools, traders will find both brokers offer a similar suite of features without proprietary platforms. They each provide simulated trading through free demo accounts, allowing users to practice their strategies risk-free. Both brokers support Windows-based and web-based trading platforms and offer popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, coupled with copy trading functionalities. However, BlackBull Markets extends its offering with ZuluTrade, which sets it apart from TMGM in this aspect. When it comes to drawing tools, BlackBull Markets offers significantly more options with 60 tools compared to TMGM's 15, providing a broader scope for technical analysis.
Both brokers allow traders the convenience of trading directly from stock charts, and although TMGM slightly surpasses BlackBull Markets by offering an additional column in watch lists, this doesn't significantly impact their overall ratings for trading platforms and tools, which are tied at four stars. BlackBull Markets holds a higher rank in the ForexBrokers.com assessment at 29th out of 62 brokers, while TMGM finds itself at the 48th position. This indicates that, while both brokers offer strong tools for traders, BlackBull Markets may have a slight edge in features and industry perception.
| Feature |
BlackBull Markets
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of BlackBull Markets and TMGM, both platforms offer convenient trading solutions for iPhone and Android users. With both brokers providing stock and forex price alerts as well as the ability to draw trendlines and access multiple time frames on charts, users can expect a seamless trading experience. However, a distinct advantage of BlackBull Markets is its feature of watchlist symbol syncing, which allows for real-time synchronization of watchlists between the mobile app and the online account—a feature not available with TMGM. Both apps support 30 technical studies, offering ample tools for traders to analyze market trends.
In terms of user ratings, both BlackBull Markets and TMGM have received 4-star evaluations for their mobile apps. Despite the similar rating, BlackBull Markets ranks higher in the Mobile Trading Apps category according to ForexBrokers.com, securing the 31st position out of 62 brokers, while TMGM is ranked 47th. This disparity could reflect the additional features and user experience that traders find beneficial in BlackBull Markets. Both brokers, however, offer useful functionalities, such as creating watchlists with real-time quotes and the ability to auto-save chart drawings, making them competitive choices for mobile trading.
| Feature |
BlackBull Markets
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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.
When comparing BlackBull Markets to TMGM in terms of market research offerings, both brokers provide daily market commentary and economic calendars, allowing traders to stay informed on global economic events. However, TMGM takes the lead in providing forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, offering their clients access to high-quality information. On the flip side, BlackBull Markets stands out by offering technical analysis tools from Autochartist and a sentiment-based trading tool, which can be beneficial for traders looking to utilize technical and sentiment analysis in their strategies.
While TMGM features tools from Trading Central and Acuity Trading, BlackBull Markets compensates with other strengths, ultimately earning a higher research rating of 4 stars compared to TMGM's 3.5 stars. This comprehensive offering positions BlackBull Markets higher in ForexBrokers.com's rankings, placing them at #18 out of 62 brokers, while TMGM sits at #53. Depending on a trader's preference for specific research tools and resources, each broker presents its own unique advantages.
| Feature |
BlackBull Markets
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing BlackBull Markets to TMGM for educational resources available to beginners, BlackBull Markets stands out significantly. They provide a comprehensive range of over ten educational pieces focused on forex or CFDs, including articles, videos, and webinars. BlackBull Markets also hosts online client webinars every month and offers a searchable archive of previously recorded sessions. For those new to trading, they supply more than ten videos specifically aimed at beginners, ensuring a solid foundation in trading knowledge. Furthermore, BlackBull Markets expands its resources to experienced traders with over ten advanced videos, and they offer an investor dictionary featuring over 50 investing terms. Consequently, BlackBull Markets earns a commendable 4-star rating for education and ranks #29 out of 62 brokers on ForexBrokers.com.
In contrast, TMGM's educational offerings for beginners are somewhat limited. While they maintain a searchable archive of webinars and offer an investor dictionary akin to that of BlackBull Markets, they fall short in several other areas. TMGM provides fewer than ten educational resources primarily focused on forex or CFDs and does not conduct monthly webinars. Additionally, they lack the depth and variety in beginner and advanced educational video content that BlackBull Markets delivers. This is reflected in their education rating of 3.5 stars and their lower rank of #54 out of 62 brokers according to ForexBrokers.com. Overall, BlackBull Markets offers a more comprehensive suite of educational resources for those at the beginning of their trading journey.
| Feature |
BlackBull Markets
|
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 BlackBull Markets is better than TMGM. BlackBull Markets finished with an overall rank of #24, while TMGM finished with an overall rank of #37.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 83 |
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Both BlackBull Markets and TMGM do not offer the ability to purchase actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing the online brokers BlackBull Markets and TMGM, both do not support ACH or SEPA transfers, but BlackBull Markets lacks PayPal support, which TMGM offers, while both platforms provide Skrill, Visa, Mastercard, and bank wire options for depositing and withdrawing funds.
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 | BlackBull Markets | TMGM | |
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| Trust Score | 78 | 83 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | TMGM Review |
| Broker Screenshots | BlackBull Markets | TMGM | |
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| Regulation | BlackBull Markets | TMGM | |
|---|---|---|---|
| Trust Score | 78 | 83 | |
| Year Founded | 2014 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | 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 | BlackBull Markets | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 12000 | |
| Forex Pairs (Total) | 72 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | BlackBull Markets | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | No | No |
| Trading Platforms | BlackBull Markets | TMGM | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | 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 | BlackBull Markets | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | 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 | BlackBull Markets | 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 | BlackBull Markets Review | TMGM Review |
| Overall | BlackBull Markets | TMGM | |
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| Trust Score | 78 | 83 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | TMGM Review |
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