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Golden Brokers vs TMGM

Golden Brokers or TMGM – which is better for UK traders 2024? Compare Golden Brokers and TMGM in this detailed breakdown of their platforms, features and fees.

Golden Brokers vs TMGM Comparison Table 2024
Golden Brokers	TMGM

3.8	3.4
Golden Brokers is ranked #91 among CFD brokers.	TMGM is ranked #58 among CFD brokers.
Review	Review
Golden Brokers is a Malaysian headquartered forex and CFD broker established in 2016. The brand is regulated offshore by the Labuan Financial Services Authority. Retail traders can speculate on 700+ products via the MT5 platform with no commission and a choice of international payment methods.	TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round.
Pros
Multiple deposit methods including credit/debit card, wire transfer, Neteller and Dragonpay Deposits accepted in all major currencies, though will be converted to USD at current market rates Free demo account available to practise trading risk-free with $100,000 in virtual funds No commission when you trade forex, indices and commodities Some educational content and integrated video tutorials	Huge range of assets including 10,000 global stocks Well-regulated and reputable brand with a solid client base Excellent platform support with MetaTrader 4, MetaTrader 5 and IRESS Low trading fees with spreads from 1 pip on the classic account and from zero with $7 round-turn commissions on the raw spread account Good range of rewards and bonuses offered through a points-based loyalty system Accommodates new and time-poor traders with copy trading support from HUBx Free VPS for automated trading
Cons
High trading fees with average spreads of 4 pips for major currency pairs such as the GBP/USD Weak regulatory oversight from the LFSA raises safety concerns No proprietary trading platform or mobile application Reports of customers' funds being withheld No live chat support	Shares are only available on the IRESS account, and not tradeable via MT4 and MT5 $30 fee levied monthly on accounts which are inactive for 6 months or have a balance below $500
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Commodities	CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex
Demo Account
Yes	Yes
Minimum Deposit
$100	$100
Payment Methods
Credit Cards Debit Card Neteller Wire Transfer	Alipay Credit Cards Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
LFSC	ASIC, FMA, VFSC
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
3.3
Android App Rating
3.3
Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
	Copy trading is available through HUBx, a service designed to help investors automatically mirror the positions of successful traders. This is ideal if you want hands-off access to popular financial markets.
Social Trading
No	No
Trade Signals
MT5 integrated	MT4 Expert Advisors (EAs)
VPS Hosting
No	Yes
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP CAD AUD NZD
Commodities
Oil Silver	Silver Oil Gold Platinum Natural Gas
CFD
Trade 700+ products as CFDs on the powerful MetaTrader 5 platform. Access leverage up to 1:100 on major forex pairs with a 50% stop-out level on the standard account.	Trade CFDs on a broad range of asset classes including forex, energies, precious metals, company shares, indices and cryptos. The excellent trade execution and opportunity to trade with direct market access pricing sets this broker apart from rivals.
Leverage
1:100	1:500
FTSE Spread
5	4.0
GBPUSD Spread<
3	1.4
Oil Spread
0.1	0.0
Stocks Spread
Variable	Variable
Forex
Speculate on 60+ major, minor and exotic currency pairs such as EUR/AUD, USD/JPY and EUR/GBP with leverage up to 1:100. Fees are not the most competitive, with average spreads of between 3 and 5 pips for major forex pairs.	Trade 50+ forex pairs, including popular major, minor and exotic pairs. This is a decent selection, but traders will have a choice between the attractive MT4, MT5 or IRESS platforms and regulatory cover from ASIC. The VPS will also suit automated forex trading strategis.
Assets
62	50+
GBPUSD Spread
3	1.4
EURUSD Spread
3	0.3
EURGBP Spread
4	0.2
Cryptocurrency
	Trade CFDs on 12 major cryptocurrencies including BTC and ETH in pairs with USD and with leverage up to 1:20. The dozen tokens on offer is very respectable for a CFD broker, though crypto traders looking for emerging tokens will prefer an exchange or dedicated crypto broker.
Spread
	Variable
Coins
	BTC BCH ETH LTC XRP BNB DOT EOS LINK UNI XTZ XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Golden Brokers	TMGM
Review	Review
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