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NordFX vs TMGM

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

NordFX vs TMGM Comparison Table 2024
NordFX	TMGM

3.5	3.4
NordFX is ranked #21 among CFD brokers.	TMGM is ranked #58 among CFD brokers.
Review	Review
Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MT4 and MT5 platforms and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.	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
NordFX has strengthened its account options with Pro accounts featuring spread-only pricing and Zero accounts with spreads from 0.0 on assets like the EUR/USD. The straightforward copy trading service may appeal to beginners or improving traders, with just a $100 minimum deposit to get started. There's an impressive range of 25+ payment methods, including local bank transfers, with zero fees and near-instant processing, making for a convenient account funding experience. There’s a great range of trading tools available to bolster the trading environment, notably VPS hosting, calculators, live signals and an economic calendar. NordFX has bolstered its charting tools for advanced traders, adding MT5 to its existing MT4 integration, with faster, multi-threaded processing.	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
The lack of regulatory oversight is a significant concern as clients of NordFX may receive limited safeguards, notably no negative balance protection or segregated accounts. With only around 100 instruments, NordFX’s market coverage is lacklustre at best, with a particularly poor selection of around 20 shares. Although NordFX offers competitive pricing in its Zero accounts, it still trails the cheapest brokers like IC Markets, while the Pro accounts feature industry-high spreads from 10 pips.	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
Awards
Best Social Trading Network 2021 - Forex Awards Best Affiliate Program 2021 - Forex Awards Best Customer Support 2021 - Forex Traders Association The Most Transparent Broker 2021 - World Forex Award
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex, CFDs, indices, commodities, cryptos, stocks	CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex
Demo Account
Yes	Yes
Minimum Deposit
$10	$100
Payment Methods
Credit Cards Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer	Alipay Credit Cards Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
	ASIC, FMA, VFSC
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
4.8
Android App Rating
4.4
Margin Trading
Yes	Yes
MetaTrader 4
Yes	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
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
Yes	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
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
You can copy the trades of experienced investors using real-time signals. You only pay a fee on winning trades, starting from 10%. New subscribers can also get started with a competitive $100 minimum deposit.	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
Yes	No
Trade Signals
Yes (via MetaQuotes Software Corp - MT4)	MT4 Expert Advisors (EAs)
VPS Hosting
Yes	Yes
Tournaments
No	Yes
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
USD	USD EUR GBP CAD AUD NZD
Commodities
Oil Silver Gold	Silver Oil Gold Platinum Natural Gas
CFD
CFDs are available on forex, stocks, indices, metals, oil and cryptos, with support on MT4 and MT5. Execution speeds are also decent, averaging 0.5 seconds, though there is also a VPS service facilitating 24/7 connectivity for algo strategies.	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
1:1000	1:500
FTSE Spread
-	4.0
GBPUSD Spread<
0.1	1.4
Oil Spread
0.0	0.0
Stocks Spread
0.0	Variable
Forex
NordFX offers a modest range of 30+ major and minor forex pairs. Disappointingly, there are no exotic pairs, though traders do benefit from tight spreads from 0.0 pips and low commissions from 0.0035% per side. It also provides insightful weekly forecasts covering key forex assets like EUR/USD.	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
30+	50+
GBPUSD Spread
0.4	1.4
EURUSD Spread
0.0	0.3
EURGBP Spread
0.2	0.2
Cryptocurrency
NordFX offers 13 leveraged cryptocurrency CFDs paired with USD, including BTC, DOGE, LINK and ETH. The selection is small, although high leverage up to 1:1000 is available and there’s also a crypto base currency savings account with daily interest payouts.	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
From 1.0	Variable
Coins
BTC ETH DSH BAB BSV XRP ZEC EOS ETC LTC OMG	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

NordFX	TMGM
Review	Review
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