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 account | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 0.65 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
CMC Markets and TMGM both deliver a wide range of investments, including forex trading via CFDs or spot contracts, copy trading, and cryptocurrency CFDs (but not actual crypto). Their overall product breadth is similar by count—CMC Markets lists 12,029 tradeable symbols versus TMGM’s 12,000—but CMC Markets stands out for currency traders with 141 forex pairs compared to TMGM’s 62.
If you want to buy real shares, CMC Markets offers exchange-traded securities on both U.S. and international exchanges, while TMGM does not. Reflecting these differences, CMC Markets earns 5 stars for Range of Investments and ranks 9th out of 63 brokers, whereas TMGM scores 4.5 stars and ranks 18th. Choose CMC Markets for more forex pairs and access to U.S. and global shares; pick TMGM if you’re focused on CFD trading with a large list of symbols and copy trading.
| Feature |
CMC Markets
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TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12029 | 12000 |
| Forex Pairs (Total) | 141 | 62 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
CMC Markets and TMGM both make it easy to get started with a free demo (paper) account and offer web and Windows desktop platforms. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus copy trading. You can place trades straight from charts with either broker. The key difference is platform choice: CMC Markets adds its own in-house platform on top of MT4/MT5, while TMGM focuses on third‑party options rather than a proprietary system.
For trading platforms and tools, ForexBrokers.com rates CMC Markets 5 stars and ranks it #4 out of 63 brokers, while TMGM earns 4 stars and ranks #49. If you want an in-house platform alongside MT4/MT5, CMC Markets is the stronger pick. If you prefer sticking with MetaTrader and still want copy trading, web access, and a Windows download, TMGM covers those needs.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 73 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
CMC Markets and TMGM both offer full-featured mobile trading apps for iPhone and Android, and each supports price alerts to help you stay on top of market moves. A key difference is watchlists: CMC Markets syncs your watchlists between the app and your online account, while TMGM does not. If you manage symbols across devices, that syncing can save time and reduce errors.
For charting, TMGM lists 30 technical studies versus 29 at CMC Markets, and both apps let you draw trendlines and automatically save your chart drawings. In overall quality, CMC Markets earns 5 stars and ranks #5 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while TMGM earns 4 stars and ranks #48. Choose CMC Markets for the higher-rated, more seamless mobile experience, or TMGM if you value having a slightly larger set of built-in indicators.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 29 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing CMC Markets and TMGM, CMC Markets is the stronger choice for structured learning. It offers at least 10 beginner-focused trading videos and at least 10 advanced videos for when you’re ready to go deeper. TMGM does not meet those counts for beginner or advanced videos. Neither broker hosts monthly educational webinars, so if live classes are a must, you may need to look elsewhere.
Independent ratings back this up. CMC Markets earns 5 stars for Education and ranks #10 out of 63 brokers on ForexBrokers.com. TMGM earns 3.5 stars and ranks #54 out of 63. For most newcomers seeking clear, video-based forex and CFD education, CMC Markets is the better pick.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
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
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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In a CMC Markets vs TMGM comparison, neither online broker lets you buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFDs for trading.
CMC Markets vs TMGM: for deposits and withdrawals, CMC Markets supports ACH/SEPA, PayPal, and bank wire transfers (but not Skrill), while TMGM does not support ACH/SEPA and its availability for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 (FSA 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. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 0.65 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | CMC Markets | TMGM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | CMC Markets | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 73 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 29 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | CMC Markets | TMGM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | TMGM | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | CMC Markets | TMGM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | CMC Markets Review | TMGM Review |
| Overall | CMC Markets | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | TMGM Review |
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