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TMGM vs Trade360 2024

BrokerNotes.co

Written by BrokerNotes.co

August 06, 2024

Trying to decide between TMGM and Trade360? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, TMGM ranks more highly than Trade360.

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Compare

0 of 5
Overall Rating TMGM Trade360
Overall Rating star 7.6 /10 star 7.2 /10
Offering of Investments star 9.0 /10 star 7.5 /10
Commissions & Fees star 7.5 /10 star 6.0 /10
Platform & Tools star 7.5 /10 star 7.5 /10
Research star 6.5 /10 star 7.0 /10
Mobile Trading star 7.5 /10 star 7.5 /10
Education star 6.5 /10 star 6.5 /10
Account Type TMGM Trade360
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options TMGM Trade360
Minimum Deposit info $100 $250
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Copy Trading TMGM Trade360
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency TMGM Trade360
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) TMGM Trade360
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) TMGM Trade360
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments TMGM Trade360
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info No No
ETF info No Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms TMGM Trade360
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses TMGM Trade360
Tier-1 Licenses info 2 2
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Research, Education TMGM Trade360
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info No No
Client Webinars (Archived) info Yes No
Trading Costs TMGM Trade360
Minimum Deposit info $100 $250
Average Spread EUR/USD - Standard info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info No No
Trading Tools TMGM Trade360
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes No
Charting - Indicators / Studies (Total) info 30 30
Mobile Charting - Indicators / Studies info 30 116
Trust Factors TMGM Trade360
Year Founded info 2013 2012
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Trust Score info 83 76
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TMGM vs Trade360 Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between TMGM and Trade360? Our independent database powered by our unbiased research will help you compare TMGM vs Trade360 side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust TMGM?

TMGM has a Trust Score of 83, giving it a "Trusted" Trust Score Label.

Can I trust Trade360?

Trade360 has a Trust Score of 76, giving it a "Average Risk" Trust Score Label.

Is TMGM a good broker?

TMGM is a trusted forex broker with multiple regulatory licenses and a well-rounded offering. TMGM doesn't offer any proprietary platforms, but traders gain access to MetaTrader 4 for desktop and mobile (albeit without any notable add-ons or plug-ins). Where TMGM really shines is its forex trader education; the broker's TMGM Academy won the 2023 Annual Award for #1 Educational Course at our sister site, ForexBrokers.com.

Is Trade360 a good broker?

Trade360 offers a growing range of markets and its own proprietary platform suite, alongside support for MetaTrader 5. Traders that are willing to provide a minimum deposit of 1,000 euros will also gain access to Trading Central's popular trading tools. That said, spreads at Trade360 are higher than the industry average, and the broker's scope of educational resources and research content is limited.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. TMGM holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised) and New Zealand (FMA Authorised). Trade360, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), Switzerland (FINMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, TMGM is none, while Trade360 is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses TMGM is Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised), while Trade360 is none.. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised) and Cayman Islands (CIMA Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that TMGM offers a Desktop Platform (Windows), whereas Trade360 supports a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does TMGM offer MetaTrader? Does Trade360 offer MetaTrader?

For MetaTrader TMGM provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Trade360 provides MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do TMGM and Trade360 differ in terms of minimum deposit? What about average spreads and funding options?

TMGM requires a minimum deposit of $100, while Trade360 requires a minimum deposit of $250. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both TMGM and Trade360 offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits

Which broker offers more tradeable asset classes, TMGM or Trade360?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that TMGM delivers a more diverse selection of investment options than Trade360, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD). Neither have Spread Betting and Agriculturals.

We also keep track of each broker’s total number of tradeable symbols; TMGM offers 12000, and Trade360 offers a total of 1062 tradeable symbols.

Can I trade cryptocurrency with TMGM or Trade360?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither TMGM nor Trade360 allow you to trade physical cryptocurrencies.

Who offers more research tools, TMGM or Trade360?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. TMGM delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. Trade360, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

TMGM Review

Trade360 Review

Overall winner: TMGM

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announcementPlease 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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