from 0.0 pips (ECN) + $3 commission per lot
- Published fee
- from 0.0 pips (ECN) + $3 commission per lot
- Minimum deposit
- 50 $
- Inactivity
- $10/month after 12 months of inactivity
Broker comparison
Which broker fits your needs?
Platforms, products and fees side by side.
Updated: October 2026
See comparisonSummary
The minimum deposit is lower at Moneta Markets with 50 $. TMGM has been in the market since 2013, making it the more experienced provider. On spreads, Moneta Markets offers EUR/USD from 1.2 pip (Standard), 0.0 pip (Pro/Prime) + $7.00 per lot round turn, while TMGM offers EUR/USD from 0.0 pip (Edge) + $7.00 per lot round turn, 1.0 pip (Standard). TMGM charges no inactivity fee, while the other does.
Australian Forex broker with STP/ECN execution and low spreads
ASIC-regulated Forex broker with fast execution and premium liquidity
At a glance
| Criterion | ||
|---|---|---|
| Platforms | MT4, MT5, PRO Trader | MT4, MT5, IRESS |
| Product types | Forex, CFDs, Indices, Commodities, Crypto CFDs, Stocks CFDs | Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs |
| Options trading | No | No |
| Fee model | from 0.0 pips (ECN) + $3 commission per lot | from 0.0 pips (Edge account) + $3.50 commission per lot |
| Minimum deposit | 50 $ | 100 $ |
| Regulation | ASIC/FSCA | ASIC |
| More information | Details | Details |
MT4, MT5, PRO Trader
MT4, MT5, IRESS
Forex, CFDs, Indices, Commodities, Crypto CFDs, Stocks CFDs
Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs
No
No
from 0.0 pips (ECN) + $3 commission per lot
from 0.0 pips (Edge account) + $3.50 commission per lot
50 $
100 $
ASIC/FSCA
ASIC
Product access and costs depend on market, account and permissions.
Detailed comparison
Compare total costs, not just the order fee.
The relevant costs depend on market, currency, order size and trading style.
Order type, venue and liquidity affect execution.
Check the provider’s execution policy and available order types for your account.
Provider informationCheck the provider’s execution policy and available order types for your account.
Provider informationCategories come from broker profiles. Check specific markets and permissions before deciding.
MT4 · MT5 · PRO Trader
Moneta Markets offers MetaTrader 4, MetaTrader 5, and the proprietary PRO Trader platform. MT4 and MT5 deliver proven functionality with Expert Advisors and comprehensive charting tools. The PRO Trader platform stands out with modern design, over 80 technical indicators, multi-chart layouts, and an integrated risk management dashboard.
Explore platformMT4 · MT5 · IRESS
TMGM offers MetaTrader 4, MetaTrader 5, and the professional IRESS platform. MT4 and MT5 deliver proven Forex trading functionality with Expert Advisors. IRESS is the premium offering, enabling direct market access (DMA) to Australian and international stock markets with Level II market depth and professional order types.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Australian Forex broker with STP/ECN execution and low spreads
ASIC-regulated Forex broker with fast execution and premium liquidity
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Australian Forex broker with STP/ECN execution and low spreads
Open accountRead reviewASIC-regulated Forex broker with fast execution and premium liquidity
Open accountRead reviewThe guides worth reading before your first trade, whichever of the two you choose.