Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
TMS Brokers Pros & Cons
- Free demo account; no requirements for the minimum deposit for a live account;
- Spreads are floating from 0 pips; no trading fees;
- Experienced market participants can qualify to get more favorable conditions;
- Traders can work through the OANDA TMS Brokers platform which is highly rated by experts;
- Thousands of assets from 6 different groups; leverage is 1:20 or 1:200 for the Pro account;
- No restrictions on trading strategies and methods; traders can use advisors;
- Multi-currency e-wallet and international exchange services are provided.
- Lack of transparency; in particular, there is no open data on withdrawal fees;
- No additional income options, except for a referral program;
- Technical support is available 9.00-17.00 (CET) on weekdays.
TMS Brokers is a Forex and CFD broker that offers trading currency pairs, stocks, and CFDs on stocks, indices, commodities, and cryptocurrencies. Spreads start from 0 pips and there are no trading fees. MetaTrader 5 (MT5) and the broker’s proprietary OANDA TMS Brokers platform are available. A free demo account with virtual €50,000 is provided. No minimum deposit is required to open a live account. Upon reaching a certain trading volume, traders can transform their accounts into Pro accounts. The Pro account provides negative balance protection and increased leverage up to 1:200. Deposits and withdrawals are made via bank transfers, Visa, Mastercard, and the Trustly platform. The company offers an educational block with articles, videos, and ebooks. Also, the broker holds live webinars. A partnership program is available.
TU Expert Verdict
TMS Brokers demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
TMS Brokers User Reviews
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5-star
0%
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4-star
0%
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3-star
33%
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2-star
33%
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1-star
33%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria10 /10The trading and non-trading commissions of TMS Brokers have been analyzed and rated as having Low fees, with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of TMS Brokers with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, TMS Brokers’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
TMS Brokers Standard spreads TMS Brokers OANDA IG Markets EUR/USD min, pips 0.2 0.1 0.6 EUR/USD max, pips 0.5 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.6 GPB/USD max, pips 0.8 0.5 1.5 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
TMS Brokers RAW/ECN spreads TMS Brokers OANDA IG Markets Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.00 3.5 2.3 EUR/USD avg spread 0.10 0.15 0.8 GBP/USD avg spread 0.10 0.2 1 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with TMS Brokers. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
TMS Brokers Non-Trading Fees TMS Brokers OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 0 -
Is TMS Brokers Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria1.5 /10TMS Brokers has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Not tier-1 regulated
TMS Brokers Security Factors Foundation date - Negative balance protection YesVerification (KYC) YesTMS Brokers is Not a Regulated Broker
Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.3 /10TMS Brokers offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Demo account
- Low minimum deposit
- No VIP account option
- No Swap Free account
TMS Brokers account types vs top competitors TMS Brokers Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNoTMS Brokers accounts trading conditions
If a broker offers several account types, their conditions often differ greatly. TMS Brokers offers only one live account type with universal conditions. Thereafter, traders can get the Pro account with negative balance protection and increased leverage, if they comply with certain broker’s requirements. To aim for the Pro account isn’t obligatory, since the Standard account also offers profitable conditions. Many traders prefer working on the popular MetaTrader 5, as it is easy to use, quick, reliable, and can be customized for a specific user. The OANDA TMS Brokers app can’t be as customized, however, it has many integrated options. There are technical indicators, analytical tools, and chart blocks. Traders who want to work with TMS Brokers should try both platforms to choose the best one for themselves.
Types of accounts:
Account Type Description Demo This account type is identical to the Standard. They only differ in that traders work with virtual €50,000. Standard No minimum deposit requirements. Spread is floating from 0 pips, with no trading fees. Maximum leverage is 1:20. No restrictions on trading strategies and methods. Pro To get this account type, traders must comply with requirements for trading volume and activity. Maximum leverage is 1:200. Some other conditions differ. If traders have never worked with this broker, they are recommended to open a demo account first. This allows them to explore the company and try different strategies without financial risks. Later, they can open the Standard account and then switch to Pro, if necessary.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.3 /10TMS Brokers received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
TMS Brokers provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- No withdrawal fee
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- BTC not available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
- USDT payments not accepted
What are TMS Brokers deposit and withdrawal options?
TMS Brokers provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
TMS Brokers Deposit and Withdrawal Methods vs Competitors TMS Brokers Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are TMS Brokers base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. TMS Brokers supports the following base account currencies: USD, EUR, GBP, CZK.
What are TMS Brokers's minimum deposit and withdrawal amounts?
The minimum deposit on TMS Brokers is $100, while the minimum withdrawal amount is $0. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact TMS Brokers’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8.8 /10TMS Brokers offers a wider selection of trading assets than the market average, with over 5000 tradable assets available, including 70 currency pairs.
- 70 supported currency pairs
- Crypto trading
- 5000 assets for trading
- Bonds not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by TMS Brokers with its competitors, making it easier for you to find the perfect fit.
TMS Brokers Plus500 OANDA Currency pairs 70 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 5000 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products TMS Brokers offers for beginner traders and investors who prefer not to engage in active trading.
TMS Brokers Plus500 OANDA Bonds NoNoYesETFs NoYesNoCopy trading YesNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at TMS Brokers by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with TMS Brokers in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at TMS Brokers is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Quick KYC verification (1 business day or less)
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
TMS Brokers account opening TMS Brokers Plus500 OANDA Online Registration YesYesYesMinimum deposit $100 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 8 10 KYC time (days) 1 3 3 Is TMS Brokers available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start working with this broker, register on its official website and get a user account. Verification, which is confirmation of your personal information, is also required. Once traders open a live account, they can make a deposit and download the trading platform. TU experts have prepared a step-by-step guide to eliminate many questions and have described the features of the user account.
Go to the broker's website and click the “OPEN DEMO ACCOUNT” button.
Enter your name, email, and phone number. Agree to the terms of service by ticking the box below and click the “OPEN DEMO ACCOUNT” button.
A message with a confirmation link will be sent to the specified email. Follow the on-screen instructions to start trading on your demo account.
You can open a live account on the main page of the website, similar to a demo account. The difference is that you will have to provide detailed information about yourself, including your registration address.
Follow the on-screen instructions to upload photos of your ID documents. Identity verification is required to open a live account.
Make a deposit in the corresponding section of your user account. Download the distribution kit of OANDA TMS Brokers or MetaTrader 5 platforms on the broker's website. Install it on your device, enter your registration details, and start trading.
Features of TMS Brokers’ user account:
- Traders can monitor the status of their active accounts and receive detailed statistics on them;
- Traders can open and close accounts (there can only be one demo account);
- Traders can make deposits, withdrawals, and internal transfers between their accounts;
- Traders can monitor their status in the referral program and view statistics on their referees;
- Traders can view online quotes, the economic calendar, and the broker’s blog;
- Traders are able to connect additional services, such as the multi-currency e-wallet and international transfers;
- Traders have the possibility to change their personal data and security settings of the user account;
- You can contact technical support in the live chat at the bottom right corner.
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Customer Support
Score:We evaluated Customer Support at TMS Brokers by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.4 /10Customer support at TMS Brokers is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. TMS Brokers provides basic support functionality but does not stand out in overall service performance.
InformationTraders may have plenty of questions. They can arise due to inattention or lack of transparency of a broker. Sometimes users may face unexpected situations or problems when trading or depositing/withdrawing funds. In every controversial situation, they can contact technical support to get qualified assistance. TMS Brokers’ clients can contact support by phone, email, social media, or live chat. Technical support is available from 9.00-17.00 (CET) on weekdays in English, Polish, Checz, Latvian, and Lithuanian.
- Multiple communication channels are available
- Support responds quickly
- Competent operators
- Technical support is not available on weekends
TMS Brokers’ communication methods are:
- Telephone;
- Email.
The company has its profiles on Facebook, X (formerly Twitter), and LinkedIn, where you can also contact the broker’s technical support. Also, a live chat is available in the bottom right corner of the broker’s website and in the user account.
Contacts Registration address Warsaw, 0000204776 str., NIP number 5262759131 Regulation The Polish Financial Supervision Authority (UKNF) Licence number:
KPWiG-4021-54-1/2004Official site www.tmsbrokers.com Contacts contact@tmsbrokers.com
verification@tmsbrokers.com +48 222 766 200,
+420 296 842 440
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FAQs
Is TMS Brokers regulated and how safe is it for forex trading?
TMS Brokers is an unregulated forex broker with a safety score of 1.5/10, which corresponds to a low security level in the Traders Union rating system. The broker offers negative balance protection and requires KYC verification, but the absence of regulation means there is no external investor protection or compensation scheme.
How are TMS Brokers’ trading commissions and spreads structured?
TMS Brokers has low overall fees with a commissions score of 10/10, including no deposit, withdrawal, or inactivity fees. On Standard accounts, EUR/USD spreads typically range from 0.2 to 0.5 pips and GBP/USD from 0.2 to 0.8 pips, while RAW/ECN accounts have an average 0.10-pip spread on both pairs plus a $2.00 commission per lot.
What do user reviews and feedback say about TMS Brokers?
TMS Brokers has a user satisfaction score of 4/10 based on 3 reviews. According to user reviews, 33% of ratings are 3 stars, 33% are 2 stars, and 33% are 1 star, indicating that user opinions are mostly negative.
What deposit and withdrawal conditions does TMS Brokers offer?
TMS Brokers has a medium-rated deposit and withdrawal system, with a minimum deposit of $100 and a minimum withdrawal of $0, though these amounts can vary by account type and payment method. The broker supports bank cards and bank wire transfers, and offers base account currencies in USD, EUR, GBP, and CZK.
How does customer support work at TMS Brokers?
Customer support at TMS Brokers operates on weekdays from 9:00 to 17:00 (CET) and is available in English, Polish, Czech, Latvian, and Lithuanian. Clients can contact support via telephone, email, social media (Facebook, X, LinkedIn), or live chat, but technical support is not available on weekends and overall service quality is rated as moderate.
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