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CMC Markets vs TMGM 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is CMC Markets better than TMGM? In our analysis of 23 international regulators across 62 of the best forex brokers, CMC Markets is considered Highly Trusted, with an overall Trust Score of 99 out of 99. TMGM is considered Trusted, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating CMC Markets TMGM
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4.5/5 Stars
Trust Score info 99 83
Winner check_circle
Review CMC Markets Review TMGM Review
Broker Screenshots CMC Markets TMGM
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation CMC Markets TMGM
Trust Score info 99 83
Year Founded info 1989 2013
Publicly Traded (Listed) info Yes No
Bank info No No
European Union Authorised (MiFID) info Yes info No info
Tier-1 Licenses info 5 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) CMC Markets TMGM
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes Yes
European Union Authorised (MiFID) info Yes info No info
Tier-2 Licenses (Trusted) CMC Markets TMGM
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments CMC Markets TMGM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 12074 12000
Forex Pairs (Total) info 156 62
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost CMC Markets TMGM
Average Spread EUR/USD - Standard info 0.51 info 0.96 info
All-in Cost EUR/USD - Active info 0.51 info 0.76 info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes Yes
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding CMC Markets TMGM
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms CMC Markets TMGM
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools CMC Markets TMGM
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 11 7
Charting - Indicators / Studies (Total) info 79 30
Charting - Drawing Tools (Total) info 40 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading CMC Markets TMGM
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 29 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Forex Calendar info Yes Yes
Research CMC Markets TMGM
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education CMC Markets TMGM
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs CMC Markets TMGM
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review CMC Markets Review TMGM Review
Overall CMC Markets TMGM
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4.5/5 Stars
Trust Score info 99 83
Winner check_circle
Review CMC Markets Review TMGM Review
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CMC Markets vs TMGM Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs TMGM.

Does CMC Markets or TMGM offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, CMC Markets offers better pricing overall for traders.

Is CMC Markets or TMGM safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. CMC Markets holds 5 global Tier-1 licenses, while TMGM holds 2. CMC Markets holds 1 global Tier-2 licenses, while TMGM holds 0. In our analysis of 23 international regulators across 50 brokers, CMC Markets (99) earned a higher Trust Score than TMGM (83).

Which trading platform is better: CMC Markets or TMGM?

To compare the trading platforms of both CMC Markets and TMGM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, CMC Markets offers a better experience. With research, CMC Markets offers superior market research. Finally, we found CMC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both CMC Markets and TMGM offer MetaTrader 4 (MT4).CMC Markets and TMGM both offer copy trading.

How many forex pairs and CFDs are available to trade?

CMC Markets provides traders 156 currency pairs (e.g., EUR/USD) compared to TMGM's 62 available pairs. Forex pairs aside, CMC Markets offers traders access to 12074 CFDs while TMGM has 12000 available CFDs, a difference of 74.

Can I trust CMC Markets?

CMC Markets is publicly traded, does not operate a bank, and is authorised by five Tier-1 regulators (Highly Trusted), one tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). CMC Markets is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Canadian Investment Regulatory Organization (CIRO), Monetary Authority of Singapore (MAS), Financial Markets Authority (FMA), and the Financial Conduct Authority (FCA).

Can I trust TMGM?

TMGM is not publicly traded and does not operate a bank. TMGM is authorised by two tier-1 regulators (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulator (Average Risk), and two tier-4 regulators (High Risk). TMGM is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Financial Markets Authority (FMA).

Is CMC Markets good?

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.

Is TMGM good?

TMGM stands out for its impressive education toolset, though it still trails behind the best brokers in most categories. TMGM offers a small range of markets via the MetaTrader 4 (MT4) platform. While primarily a MetaTrader broker, it also offers the more exclusive IRESS platform โ€“ though the platform-specific requirements will limit who can use it.

Overall winner: CMC Markets

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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