TMGM vs Kraken 2026: Which Broker is Better?
Choosing between TMGM and Kraken depends on your trading style, preferred markets, and budget. TMGM is headquartered in Melbourne, Australia, while Kraken operates from San Francisco, USA. Kraken has the longer track record, established in 2011, compared to TMGM which was founded in 2013. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
TMGM
Kraken
| TMGM | Kraken | |
|---|---|---|
| BrokerRank Score | 3.5/5 | 4.4/5 ✓ |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 ✓ | 1:5 |
| Regulation | ASIC, FCA | FCA, CFTC |
| Platforms | MT4, MT5 | Proprietary Web, Proprietary Mobile |
Kraken is the better choice overall, scoring 4.4/5 vs 3.5/5 on BrokerRank's independent rating. On fees, TMGM offers lower spreads (0 pips).
See full side-by-side comparison belowTMGM vs Kraken: Key Differences
TMGM
Kraken
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Fees Comparison
TMGM
Lower feesKraken
Regulation & Trust
TMGM holds licences from ASIC, FCA. Kraken is regulated by FCA, CFTC.
Markets & Assets
TMGM additionally covers Forex, Cfd, Indices, Commodities, Stocks. Kraken adds Crypto.
Fees & Spreads
On spreads, TMGM is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at Kraken.
Trading Platforms
TMGM supports MT4, MT5. Kraken offers Proprietary Web, Proprietary Mobile.
Minimum Deposit
TMGM requires a minimum deposit of $100, while Kraken sets no minimum deposit. This makes Kraken accessible to traders with any budget.
Overall Ratings
BrokerRank scores TMGM at 3.45/5 and Kraken at 3.37/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. TMGM leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
TMGM
3.5/5
Choose TMGM if you want…
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More market types (5)
- Free withdrawals
Kraken
4.4/5
Choose Kraken if you want…
- Higher overall rating (4.4/5)
- No minimum deposit
- More established (est. 2011)
Also consider
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.
Both TMGM & Kraken are available in
Frequently Asked Questions
1Is TMGM better than Kraken?
Kraken scores higher overall on our independent rating system. TMGM holds a 3.5/5 rating vs Kraken's 4.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, TMGM or Kraken?
TMGM offers spreads from 0 pips, while Kraken starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for TMGM vs Kraken?
TMGM requires a minimum deposit of $100. Kraken requires $0.
4Which broker is safer, TMGM or Kraken?
TMGM is regulated by ASIC, FCA, while Kraken holds licences from FCA, CFTC.
5What trading platforms do TMGM and Kraken support?
TMGM supports MT4, MT5. Kraken supports Proprietary Web, Proprietary Mobile.
6Can I use both TMGM and Kraken?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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