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 it comes to trading costs, BlackBull Markets offers three account types that cater to different preferences for commissions and fees. The Prime account, which requires a $2,000 minimum deposit, is notable for its competitive pricing, with EUR/USD spreads averaging 0.16 and a per-side commission of $3, tallying up to a total of 0.76 pips or $6 per 10,000 traded. While the Standard account eliminates commission fees and has no deposit requirement, it comes with relatively higher spreads. For traders with larger capital, the ECN Institutional account is an enticing choice, necessitating a $20,000 deposit and offering even lower round turn commissions of $4 per lot. BlackBull Markets garners a 4.5-star rating for its commission structure, earning the #19 position among 62 brokers reviewed by ForexBrokers.com.
Conversely, TMGM provides a choice between the Classic spread-only account and the Edge commission-based account. The Edge account is particularly appealing for those seeking competitive rates, imposing a modest commission fee of $3.50 per side ($7 per round trip) alongside low spreads. However, it's important to note that specific spread data for EUR/USD is currently unavailable, which may affect a thorough analysis of costs. Nonetheless, TMGM remains a solid choice for traders needing interest-free, Sharia-compliant options, though these are limited to the Edge account. With a 4-star rating, TMGM ranks #35 for commissions and fees among the 62 brokers assessed by ForexBrokers.com.
In summary, both BlackBull Markets and TMGM offer distinct advantages. BlackBull Markets excels with its diverse account options and transparent commission structures, while TMGM appeals to those preferring minimalistic fee arrangements with the Edge account. The decision ultimately hinges on which features align best with your trading preferences and financial requirements.
| Feature |
BlackBull Markets
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.76 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | 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.
BlackBull Markets and TMGM provide traders with several options and features across their trading platforms and tools. Both online brokers offer simulated trading with free virtual demo accounts, allowing traders to practice without risk. While neither offers a proprietary platform, they both support popular options such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as Windows-based desktop platforms and web-based browser platforms. BlackBull Markets and TMGM also support copy trading, though BlackBull Markets has the advantage of offering ZuluTrade, a feature not available with TMGM. Traders can engage with the market directly from stock charts on both platforms.
In terms of charting capabilities, BlackBull Markets provides 60 drawing tools, significantly more than TMGM's 15, which may appeal to those who rely heavily on technical analysis. For watchlists, TMGM offers slightly more customization with seven column fields compared to BlackBull Markets' six. Both platforms receive a solid four out of five stars for their trading tools, but BlackBull Markets is ranked higher at #28 compared to TMGM’s #48 by ForexBrokers.com out of 62 brokers. This suggests a better overall experience, particularly in the area of trading platforms and tools.
| 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 iPhone and Android apps, enabling traders to stay connected on the go. Both apps provide stock and forex price alerts, ensuring users don’t miss important market movements. A noteworthy distinction is found in watchlist management: BlackBull Markets enables seamless syncing of watchlist symbols between the mobile app and the online account, a feature not available with TMGM. Both apps support the ability to draw trendlines on charts and auto-save these drawings, which enhances the user experience for technical analysts.
For charting capabilities, each mobile app provides access to 30 technical studies and the option to view multiple time frames, ideal for traders who want comprehensive data at their fingertips. Real-time quote watchlists are available on both apps to keep users updated with the latest market prices. Receiving a 4-star rating, BlackBull Markets' mobile app ranks #30 out of 62 brokers, whereas TMGM's app, also rated 4 stars, ranks at #46 according to ForexBrokers.com. Whether you prioritize watchlist syncing or platform ranking will help determine which mobile trading app suits your needs best.
| 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 |
|
|
| Trust Score | 78 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | BlackBull Markets | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 83 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | TMGM Review |
| Broker Screenshots | BlackBull Markets | TMGM | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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 | 0.76 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 83 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | TMGM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill