OpoForex vs TMGM

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

Opofinance vs TMGM Comparison Table 2024

Opofinance	TMGM
1.8	3.4
Opofinance is ranked #91 among CFD brokers.	TMGM is ranked #58 among CFD brokers.
Review	Review
Opofinance is an offshore forex and CFD broker, offering copy trading services and the MT4 platform.	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
	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
	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
Forex, commodities, cryptocurrencies, stocks, indices	CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex
Demo Account
Yes	Yes
Minimum Deposit
$100	$100
Payment Methods
Credit Cards Debit Card Neteller Skrill Wire Transfer	Alipay Credit Cards Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FINACOM	ASIC, FMA, VFSC
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	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
Yes	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
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
Opofinance offers copy and social trading through Fiboda.	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
MT4	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
No	Yes
Account Currencies
USD	USD EUR GBP CAD AUD NZD
Commodities
Oil Silver Gold Natural Gas	Silver Oil Gold Platinum Natural Gas
CFD
Opofinance offers leveraged CFDs on stocks, indices and commodities.	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
Variable	4.0
GBPUSD Spread<
Variable	1.4
Oil Spread
Variable	0.0
Stocks Spread
Variable	Variable
Forex
Opofinance offers 35+ spot currency pairs, covering all majors and top minors.	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
35+	50+
GBPUSD Spread
Variable	1.4
EURUSD Spread
Variable	0.3
EURGBP Spread
Variable	0.2
Cryptocurrency
Opofinance offers trading on crypto/spot currency pairs, including BTC/USD.	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	Variable
Coins
BTC ETH LTC XRP BCH	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
Opofinance	TMGM
Review	Review
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