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Side-by-Side Comparison Independent Updated Oct 2, 2026

Dukascopy vs TMGM 2026: Which Broker is Better?

In the competitive landscape of online brokerage, Dukascopy and TMGM stand out with distinct offerings tailored to different trading audiences. Dukascopy, with its Swiss banking licence and ECN model, appeals to traders seeking high security and deep liquidity, despite its complex platform and higher commissions. Conversely, TMGM attracts traders who prioritise broader instrument selection and lower spreads, thanks to its robust MT4 and MT5 platforms, although it lacks a proprietary platform and has limited cryptocurrency options. Each broker requires a $100 minimum deposit, making them accessible to both novice and experienced traders.

Dukascopy

TMGM

Higher ratedDukascopy logo

Dukascopy

3.7/ 5
Visit Dukascopy →Full review
VS
DukascopyTMGM
BrokerRank Score3.7/5 ✓3.5/5
Min. Deposit$100$100
Spread from0.1 pips0 pips ✓
Max Leverage1:2001:500 ✓
RegulationFCA, MASASIC, FCA
PlatformsProprietary Web, Proprietary Mobile, MT4MT4, MT5
Quick VerdictBrokerRank recommends
Best for Beginners
DukascopyTMGM
Best for Low Fees
TMGMDukascopy
Best for Regulation
DukascopyTMGM
Best Overall
DukascopyTMGM
Quick Answer

Dukascopy is the better choice overall, scoring 3.7/5 vs 3.5/5 on BrokerRank's independent rating. On fees, TMGM offers lower spreads (0 pips).

See full side-by-side comparison below

Dukascopy vs TMGM: Key Differences

Feature

Dukascopy

TMGM

Our Rating
3.7 / 5
3.5 / 5
Min. Deposit
$100
$100
Max Leverage
Spread From
0.1 pips
0 pips
Commission
$3.5/lot
$3.5/lot
Regulated By
Platforms
Proprietary Web, Proprietary Mobile, MT4
MT4, MT5
Markets
Forex, Cfd, Stocks, Indices, Commodities, Crypto
Forex, Cfd, Indices, Commodities, Stocks
Founded
2004
2013
Headquarters
Geneva, Switzerland
Melbourne, Australia
Score
1 / 2
1 / 2

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Fees Comparison

Fee

Dukascopy

TMGM

Lower fees
Spread From
0.1 pips
0 pips
Commission
$3.5/lot
$3.5/lot
Deposit Fee
None
None
Withdrawal Fee
None
None

BrokerRank Verdict

Dukascopy, with its Swiss banking licence and extensive market offerings, is better suited for professional traders who seek high security and deep liquidity. Conversely, TMGM's user-friendly platforms and competitive spreads make it more appealing to beginners. On fees, TMGM edges out with its raw spreads starting from 0.0 pips, although both brokers charge a commission of 3.5.

Who Should Choose Which?

Dukascopy

Dukascopy

3.7/5

Top pick

Choose Dukascopy if you want…

  • Higher overall rating (3.7/5)
  • More market types (6)
  • More established (est. 2004)
  • More platforms (3 supported)
TMGM

TMGM

3.5/5

Choose TMGM if you want…

  • Tighter spreads (from 0 pips)
  • Higher leverage (up to 1:500)

Also consider

View all rankings

We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.

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4.0
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Plus500
4.0
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80% of retail CFD accounts lose money.

Both Dukascopy & TMGM are available in

Frequently Asked Questions

1

Is Dukascopy better than TMGM?

Dukascopy scores higher overall on our independent rating system. Dukascopy holds a 3.7/5 rating vs TMGM's 3.5/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.

2

Which has lower fees, Dukascopy or TMGM?

Dukascopy offers spreads from 0.1 pips, while TMGM starts at 0 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for Dukascopy vs TMGM?

Dukascopy requires a minimum deposit of $100. TMGM requires $100.

4

Which broker is safer, Dukascopy or TMGM?

Dukascopy is regulated by FCA, MAS, while TMGM holds licences from ASIC, FCA.

5

What trading platforms do Dukascopy and TMGM support?

Dukascopy supports Proprietary Web, Proprietary Mobile, MT4. TMGM supports MT4, MT5.

6

Can I use both Dukascopy and TMGM?

Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.

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