Change instrument, lot size, and hold duration. Compare TM Forex against all 100 brokers live.
TM Forex is a forex and CFD broker founded in 2013, headquartered in Victoria, Seychelles. It is regulated by FSA (licence SD037). The EUR/USD spread starts from 0.8 pips on an STP or hybrid account — the spread is tight and a partial commission may apply. The minimum deposit is $50. The broker offers 200+ tradable instruments. MetaTrader 4 and MetaTrader 5 are available. This page shows verified regulation data, a full trade cost breakdown, and how TM Forex compares to 100 other brokers on real trading fees.
| Regulator | Licence number | Legal entity | Max leverage | Countries |
|---|---|---|---|---|
| FSA Tier 3 — Offshore |
SD037 |
TM Forex Group Ltd | 500:1 | IL, ZA, AE, SA, IN, NG, KE, EG, BR, MX +23 more |
| Hold duration | Spread cost | Commission | Swap (est.) | Total |
|---|---|---|---|---|
| Intraday (no overnight) | $8.00 | $3.50 | — | $11.50 |
| 1 night | $8.00 | $3.50 | $6.50 | $18.00 |
| 3 nights | $8.00 | $3.50 | $19.50 | $31.00 |
| 1 week | $8.00 | $3.50 | $45.50 | $57.00 |
| 1 month | $8.00 | $3.50 | $195.00 | $206.50 |
Swap rates are industry-typical estimates. Actual overnight rates vary per broker and change with interest rates. Commission is estimated from spread profile (STP / Hybrid).
| Rank | Broker | Spread | Spread $ | Commission | Swap (est.) | Total |
|---|---|---|---|---|---|---|
| 1 | Pepperstone | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 2 | IC Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 3 | FP Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 4 | Exness | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 5 | Tickmill | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 6 | Eightcap | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 7 | RoboForex | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 8 | LiteFinance | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 81 | TM Forex | 0.8 pips | $8.00 | $3.50 | $6.50 | $18.00 |
| MetaTrader | MT4 & MT5 available |
| Copy trading | No |
| Real stock ownership | No (CFD only) |
| Retail loss rate | 76% of retail accounts lose money |
| Headquarters | Victoria, Seychelles |
| Founded | 2013 |
Data sourced from official regulator registers (FCA, ASIC, CySEC, MAS and others), verified 2026-09-15. Spread figures are typical/minimum and may differ on live accounts. Trade cost estimates use standard lot sizes and typical industry swap rates. This page does not constitute financial advice. Read full TM Forex review →