Eightcap
TMGM
Our Rating
91
70
Eightcap don't provide % of clients who lose money
TMGM don't provide % of clients who lose money

Regulations and Licenses

Feature
Eightcap
TMGM
ASIC (Australia)
CIMA (Cayman Islands)
SCB (Bahamas)
VFSA (Vanuatu)

Brokerage

Feature
Eightcap
TMGM
EUR/USD Avg. Raw Spread
0.06
0.10
GBP/USD Avg. Raw Spread
0.73
0.42
AUD/USD Avg. Raw Spread
0.27
0.21
EUR/USD Standard Spread
1.0
1.0
EUR/USD Fixed Spreads
-
-
GBP/USD Avg. Standard Spread
1.0
1.32
AUD/USD Avg. Standard Spread
1.2
1.11
Commissions (USD Base)
$3.50
$3.50
Minimum Deposit
$250 (Raw)
$500 (Standard)
$100
Swap Free Account
No Inactivity Fees
Funding Methods
8+
5+
No Funding Fees

Markets and Instruments

Feature
Eightcap
TMGM
Currency Pairs
40+
60+
Cryptocurrency CFDs*
250+
12+
Index CFDs
10+
15+
Share CFDs
400+
12,000+
Commodities CFD
4+
5+
Stockbroking
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
Retail Max. Leverage (With offshore regulators)
-
Major Pairs 200:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Eightcap
TMGM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Eightcap
TMGM
Our Rating
91
70
 

Our full comparison covers the 10 most important trading factors between Eightcap and TMGM. Here are five key differences:

  • Eightcap offers over 250 cryptocurrency options, while TMGM provides just 12.
  • TMGM has a slightly wider range of forex pairs, with 60, compared to Eightcap’s 46.
  • Eightcap’s website received significantly more visits in June 2022, with 634 thousand compared to TMGM’s 79 thousand.
  • Both brokers offer MetaTrader 4 and 5 platforms, but Eightcap also provides Capitalise.ai and TradingView.
  • Eightcap and TMGM both require a minimum deposit of $100.