Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Plus500 and TMGM are two online brokers that offer their services to traders around the world, each presenting distinct features and regulatory credentials. Founded in 2008, Plus500 is a publicly traded firm, earning a stellar Trust Score of 99 out of 99 from ForexBrokers.com. This high rating reflects its reliability and security as a trading platform. The company is not a bank, yet it holds an impressive six Tier-1 licenses, signifying that it is among the most trustworthy brokers available. Additionally, Plus500 maintains three Tier-2 licenses, further underscoring its trusted status in the industry.
On the other hand, TMGM, established in 2013, is not publicly listed on any stock exchange but has built a credible reputation with a Trust Score of 83, a mark of trustworthiness according to ForexBrokers.com. Similar to Plus500, TMGM is not a bank, but it holds two Tier-1 licenses, aligning with its trusted status in the trading community. However, it does not possess any Tier-2 licenses. While both brokers are not banks and prioritize safety and trust, Plus500 stands out with a higher number of regulatory licenses and a higher trust score, potentially offering more peace of mind to traders.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Year Founded | 2008 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of online brokers Plus500 and TMGM, it becomes apparent that both have distinctive pricing structures that appeal to different types of traders. Plus500, although convenient for beginners, has pricing that is slightly above the industry average. This broker does not offer discounts to retail clients, but professional clients may qualify for cash rebates similar to an active trader program. For instance, the average spread for the EUR/USD at Plus500 was 1.5 pips in April 2024, which exceeds the industry norm. Plus500 is rated 4 stars out of 5 for its commissions and fees, and it holds the 25th spot out of 62 brokers in this category according to ForexBrokers.com.
In contrast, TMGM provides competitive commission rates, especially with its Edge account that features low spreads and no requotes. However, it does not publish recent average spread data for the EUR/USD, which is usually considered a mark of transparency among top brokers. The choice of accounts at TMGM, between the spread-only Classic account and the commission-based Edge account, allows for flexible cost management depending on trading preferences. The Edge account, with a small commission fee of $3.50 per side, is particularly appealing for those looking to minimize trading costs, especially since it accommodates interest-free Islamic accounts. TMGM also earns a 4-star rating for its commission and fee structure but ranks slightly lower at 35th out of 62 brokers on ForexBrokers.com.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Minimum Deposit | €100 | $100 |
| Average Spread EUR/USD - Standard | 1.5 | N/A |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 looking at the variety of investments available, Plus500 and TMGM both offer extensive options for traders, each with its unique offerings. Plus500 provides access to 5,500 tradable symbols and 65 forex pairs as CFDs or spot contracts. It also supports trading in both U.S. and international exchange-traded securities, allowing clients to purchase shares like Apple and Vodafone directly. However, Plus500 does not support copy trading, nor does it offer the purchase of actual cryptocurrencies, though it does provide cryptocurrency derivatives.
TMGM, on the other hand, offers a remarkable 12,000 tradable symbols and 62 forex pairs, giving traders a broad spectrum of choices in terms of CFDs or spot contracts. In contrast to Plus500, TMGM does not allow trading of direct exchange-traded securities on either U.S. or international markets. TMGM does support copy trading, which can be beneficial for those looking to replicate successful strategies. Like Plus500, TMGM offers cryptocurrency derivatives but not the actual cryptocurrencies themselves. Despite these differences, both brokers boast a 4.5-star rating for their range of investments, though TMGM holds a slightly higher rank at #17 compared to Plus500's #24 as per ForexBrokers.com.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 12000 |
| Forex Pairs (Total) | 65 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 it comes to trading platforms, Plus500 and TMGM both cater to users looking for diverse tools and experiences. Plus500 boasts a proprietary platform, offering traders a unique experience developed in-house. In contrast, TMGM stands out by providing access to the widely popular MetaTrader 4 and MetaTrader 5 platforms, making it a strong choice for those who favor recognized trading tools. Both brokers accommodate web-based trading, but TMGM also offers a downloadable Windows-based platform for those who need it. For beginners or those looking to practice strategies, both Plus500 and TMGM offer free virtual demo accounts, a critical component for risk-free learning.
In terms of additional features, TMGM supports copy trading, unlike Plus500, adding an extra layer of community-driven investment options. While Plus500 does not offer the ability to trade directly from charts, TMGM extends this convenience to its users. For technical analysis, Plus500 takes the lead with more drawing tools, offering 22 compared to TMGM’s 15. However, TMGM does provide the capability to customize watch lists more extensively. Rated at 4.5 stars, Plus500 edges out TMGM's 4-star rating for trading platforms and tools, and it ranks significantly higher at #14 compared to TMGM’s #48 in a comparison of 62 brokers. This positioning reflects Plus500's strong overall offering in trading platforms and tools.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 114 | 30 |
| Charting - Drawing Tools (Total) | 22 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Plus500 and TMGM, both offer seamless access for iPhone and Android users. They ensure that traders can stay informed with stock and forex price alerts. Plus500 stands out with its watchlist symbol syncing, enabling traders to maintain synchronized watchlists across both the mobile app and their online account, a feature not available with TMGM. In terms of charting capabilities, Plus500 offers a more comprehensive experience, providing 110 technical studies compared to TMGM's 30. While both apps allow users to draw trendlines and view multiple time frames on charts, TMGM has the upper hand with automatic saving of chart annotations, whereas Plus500 lacks this feature.
Both platforms allow the creation of watchlists featuring real-time quotes, but when it comes to user satisfaction and recognition, Plus500 slightly takes the lead. With a mobile app rating of 4.5 stars and a ForexBrokers.com ranking of 14th out of 62 brokers, Plus500 edges out TMGM, which has a 4-star rating and is ranked 46th. The choice between the two ultimately depends on which features the trader values more, whether it's Plus500's robust charting tools or TMGM's auto-save function for chart annotations.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 110 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating market research offerings, Plus500 and TMGM provide a range of tools and insights to help traders. Both brokers offer daily market commentary, keeping investors informed with consistent updates. They also share technical analysis insights through the renowned Trading Central, as well as provide sentiment-based trading tools that reveal market positions across various instruments. Additionally, they both feature economic calendars that keep traders updated on global events. However, TMGM gains an edge in providing forex news from top-tier sources, including Bloomberg and Reuters, and integrates tools from Acuity Trading, such as the Signal Centre, enhancing their research suite.
Despite TMGM's wider array of information sources, Plus500 holds a slightly higher research rating, receiving 4.0 stars compared to TMGM's 3.5 stars. Traders who prioritize comprehensive market research might lean towards Plus500, which is ranked #19 out of 62 brokers by ForexBrokers.com. Meanwhile, TMGM, ranked #53, might appeal to those who value specialized tools from Acuity Trading. Each platform has distinctive features, and traders should consider which offerings align better with their trading strategies and information needs.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 it comes to educational resources for beginners, Plus500 emerges as a more comprehensive platform compared to TMGM. Plus500 offers a range of educational materials exceeding 10 pieces, which include articles, videos, and archived webinars focused on forex and CFDs. It also provides monthly client webinars and access to an archive of these sessions, ensuring users have ample opportunities to learn at their own pace. Plus500 enhances its educational offerings with over 10 videos tailored specifically for beginners and an additional set for advanced traders. However, it lacks an investor dictionary to guide users with definitions of key investing terms.
On the other hand, TMGM offers limited educational content for novices in comparison. It does not meet the threshold of providing ten or more educational pieces on forex or CFDs, nor does it host regular client webinars. While TMGM does offer a searchable archive of past webinars and an investor dictionary containing over 50 investing terms, its educational video content for both beginners and advanced traders falls short. In terms of educational ratings, Plus500 is ranked higher, with a score of 4.0 stars and a position of 31 out of 62 brokers on ForexBrokers.com, whereas TMGM holds 3.5 stars and ranks 54th.
| Feature |
Plus500
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Plus500 is better than TMGM. Plus500 finished with an overall rank of #14, while TMGM finished with an overall rank of #37.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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Both Plus500 and TMGM do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to purchase cryptocurrency derivatives.
Both Plus500 and TMGM do not support ACH or SEPA transfers, but they offer a variety of funding and withdrawal options including PayPal, Skrill, Visa, Mastercard, and bank wires.
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 | Plus500 | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Plus500 Review | TMGM Review |
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| Regulation | Plus500 | TMGM | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 2008 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 12000 | |
| Forex Pairs (Total) | 65 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | N/A | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | TMGM | |
|---|---|---|---|
| Minimum Deposit | €100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | Plus500 | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 114 | 30 | |
| Charting - Drawing Tools (Total) | 22 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | 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 | 110 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | 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) | No | Yes |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review | TMGM Review |
| Overall | Plus500 | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Plus500 Review | TMGM Review |
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