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TMGM fees, after the safety questions

Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.

Regulation: ASIC (AFSL 436416); VFSC (40356); Seychelles FSA (SD224); Mauritius FSC (GB22201012). How TMGM is regulated

Facts last checked . Read the full TMGM review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 0.1 pips, EDGE
GBP/USD spread
Approx. 0.3 pips, EDGE
Commission
$3.50 per side / $7 round turn, EDGE
All-in cost, EUR/USD
Approx. 0.8 pips
Spread type
Variable
Overnight swap
Both: overnight swaps may be charged or credited; Islamic account available
Inactivity fee
$10/month after 12 months inactivity
Withdrawal fee
None internally
Currency conversion
Conversion at daily bank rate

What this means

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

TMGM lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about TMGM fees

Does TMGM charge to deposit or withdraw?

Withdrawal fees: None internally.

Does TMGM charge an inactivity fee?

TMGM's inactivity fee is recorded as $10/month after 12 months inactivity.

What does TMGM charge to hold a position overnight?

Overnight financing at TMGM is recorded as both: overnight swaps may be charged or credited; Islamic account available.

Fees at brokers under the same regulator

More about TMGM