Written by ForexBrokers.com
In this head to head comparison of CMC Markets vs TMGM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CMC Markets and TMGM are both respected online brokers, but their regulatory credentials differ significantly. Founded in 1989, CMC Markets is a publicly traded company that boasts a stellar ForexBrokers.com Trust Score of 99. They are not a bank but hold six Tier-1 licenses and one Tier-2 license, reflecting a strong level of trust and regulatory oversight. In contrast, TMGM, which began operations in 2013, is not publicly traded and has a Trust Score of 83. While they maintain two Tier-1 licenses, TMGM does not currently hold any Tier-2 licenses, positioning them slightly lower in the regulatory spectrum.
While both brokers operate without banking status, CMC Markets' broad spectrum of Tier-1 and Tier-2 licenses alongside its public listing highlights its significant standing in the trading community. TMGM, though younger and privately held, still maintains a trusted position with its two Tier-1 licenses. When selecting between the two, prospective investors might consider CMC Markets' longer-standing history and higher Trust Score as indicators of a more established and highly trusted trading environment.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Year Founded | 1989 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Comparing commissions and fees, CMC Markets stands out with a 5-star rating and a #1 ranking out of 63 brokers, while TMGM earns 4 stars and ranks #37. CMC Markets is known for consistently low spreads and transparent pricing. Its FX Active commission-based plan delivers an all-in cost of about 0.5 pip on EUR/USD (minimum spreads of 0 plus a $2.50 per side commission), and its typical EUR/USD spread averages 0.61 pips (August 2023 data), which beats the industry average. TMGM’s Edge account is competitive at $3.50 per side ($7 round trip) plus low spreads, but the broker does not publish recent average spread data for EUR/USD—making precise cost comparisons tougher.
CMC Markets offers several ways to cut costs. FX Active (available in select regions such as Southeast Asia, Australia, New Zealand, Canada, and the U.K.) brings tight spreads with a small commission, and the Price Plus Scheme rewards high-volume traders with spread discounts based on Trading Points. For example, you earn 2 points per standard lot; 1,250 lots in a month unlocks a 20% spread discount at Tier 4. CMC’s average spreads have historically tracked close to its advertised minimums, supporting its top ranking for value.
TMGM’s pricing depends on account choice. The Classic account is spread-only, while the Edge account adds a $3.50-per-side commission to typically low spreads and avoids requotes. Islamic (swap-free) trading is available on the Edge account but not on Classic. TMGM’s offering is competitive for active traders, yet the lack of up-to-date published average spreads—especially on major pairs like EUR/USD—means cost-conscious traders may find CMC Markets’ clearer, data-backed pricing more compelling.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 0.65 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
CMC Markets edges out TMGM on sheer variety, listing 12,029 tradeable symbols to TMGM’s 12,000. The gap is wider in forex: CMC Markets offers 141 currency pairs versus 62 at TMGM. Both brokers support forex trading as CFDs or spot contracts, and each provides copy trading. When it comes to crypto access, neither broker lets you buy actual coins, but both offer cryptocurrency derivatives for trading.
Stock access is a key difference. CMC Markets lets clients buy exchange-traded shares on U.S. and international exchanges (not just CFDs), while TMGM does not offer direct share dealing. Reflecting this broader lineup, CMC Markets earns 5 stars and ranks #9 out of 63 for Range of Investments at ForexBrokers.com; TMGM holds a strong 4.5-star rating and ranks #18.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12029 | 12000 |
| Forex Pairs (Total) | 141 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
If you’re choosing between CMC Markets and TMGM for trading platforms and tools, both brokers provide free demo accounts, web and Windows desktop platforms, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). CMC Markets also offers its own in-house platform, while TMGM sticks to third-party options. Both support copy trading, let you place trades directly from charts, and do not integrate DupliTrade or ZuluTrade.
For charting and workspace features, CMC Markets lists 36 drawing tools versus 15 at TMGM, and its watch lists can show up to 11 columns (fields) compared with 7 at TMGM. Indicator counts aren’t specified here, but overall scores favor CMC Markets: it earns 5 stars and ranks #4 out of 63 brokers for Trading Platforms and Tools at ForexBrokers.com, while TMGM earns 4 stars and ranks #49. If you want a proprietary, in-house platform with more charting and watch list options, CMC Markets stands out; if you’re focused on MT4/MT5 access with a straightforward desktop and web setup, TMGM remains a practical pick.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 73 | 30 |
| Charting - Drawing Tools (Total) | 36 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
CMC Markets vs TMGM: both brokers provide mobile trading apps for iPhone and Android. Each app supports price alerts, real-time watchlists, drawing trendlines on stock or forex charts, multiple time frames (intraday to weekly), and auto-saving your chart annotations. For charting, CMC Markets includes 29 technical studies (indicators), while TMGM offers 30.
Key difference: CMC Markets syncs watchlists between the mobile app and your online account, whereas TMGM does not. In ratings from ForexBrokers.com, CMC Markets scores 5 stars and ranks #5 out of 63 brokers for Mobile Trading Apps, while TMGM scores 4 stars and ranks #48. Choose CMC Markets if synced watchlists and a higher-rated app are priorities; pick TMGM if having one extra built-in study matters more to you.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 29 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
CMC Markets and TMGM both deliver daily market commentary, real-time forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, an economic calendar, and a sentiment tool showing the long/short split. The main differences are in third‑party research add‑ons: CMC Markets includes Autochartist screening, while TMGM does not; TMGM offers Trading Central analytics and Acuity Trading (Signal Centre), which CMC Markets lacks. Neither broker includes TipRanks.
For overall research quality, CMC Markets stands out with a 5-star rating and a #6 rank out of 63 brokers on ForexBrokers.com, compared with TMGM’s 3.5-star rating and #54 rank. Choose CMC Markets if you value top-tier news plus Autochartist pattern spotting; pick TMGM if you want Trading Central and Acuity Trading signal tools alongside daily commentary and sentiment data.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, CMC Markets offers a comprehensive collection compared to TMGM. CMC Markets provides more than ten educational pieces focusing on forex and CFDs, alongside a range of beginner-friendly videos covering essential trading topics. In contrast, TMGM falls short in this area, lacking a similar variety and depth of educational content. For those starting out, CMC Markets further supports their learning journey with a searchable archive of past webinars, offering a valuable resource to revisit and deepen understanding at any time. Both brokers do provide a glossary with definitions of at least 50 investment terms, offering a solid foundation for newcomers to understand trading jargon.
While neither CMC Markets nor TMGM hosts monthly educational webinars, their recorded archives can serve as a learning aid for interested clients. However, when considering educational content specifically for advanced traders, CMC Markets again stands out with a robust library of advanced trading videos. This extensive offering likely contributes to CMC Markets' high educational rating of 5 stars and a #10 ranking out of 63 brokers on ForexBrokers.com. TMGM, with its more limited educational offerings, receives a lower rating of 3.5 stars and ranks #54. As a result, CMC Markets emerges as a preferable choice for beginner traders seeking comprehensive educational resources to enhance their trading skills.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that CMC Markets is better than TMGM. CMC Markets finished with an overall rank of #4, while TMGM finished with an overall rank of #37.
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.
| Feature |
CMC Markets
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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Both CMC Markets and TMGM provide the option to trade cryptocurrency derivatives but do not offer the capability to purchase actual (delivered) cryptocurrency.
CMC Markets and TMGM both support PayPal, Visa, Mastercard, and bank wire options for depositing or withdrawing funds; however, CMC Markets uniquely offers ACH or SEPA transfers and does not support Skrill, unlike TMGM which supports Skrill but lacks ACH or SEPA transfer options.
Please note:
We review each broker’s overall global offering – a “Yes” 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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0 of 5| Overall Rating | CMC Markets | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | TMGM Review |
| Broker Screenshots | CMC Markets | TMGM | |
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| Regulation | CMC Markets | TMGM | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1989 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | CMC Markets | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | CMC Markets | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12029 | 12000 | |
| Forex Pairs (Total) | 141 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 0.65 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | CMC Markets | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | CMC Markets | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 73 | 30 | |
| Charting - Drawing Tools (Total) | 36 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 29 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | CMC Markets | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | CMC Markets | TMGM | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | CMC Markets Review | TMGM Review |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | TMGM Review |
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