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, founded in 1989, stands out as a highly trusted online broker with a top Trust Score of 99, according to ForexBrokers.com. As a publicly traded company, CMC Markets holds five Tier-1 licenses and one Tier-2 license, highlighting its strong regulatory compliance and global reliability. TMGM, on the other hand, was established in 2013 and carries a Trust Score of 83, reflecting a trusted standard. However, unlike CMC Markets, TMGM is not publicly traded and holds two Tier-1 licenses, with no Tier-2 licenses, which captures a different level of regulatory assurance.
Both CMC Markets and TMGM are brokers, not banks, offering a secure platform for trading. Despite their differences in regulatory licenses and market presence, these firms provide valuable services tailored to a range of traders. Understanding the regulatory framework and trust ratings helps traders choose a platform that aligns with their comfort level for risk and transparency. CMC Markets offers a more established platform backed by years of experience and a higher trust factor, while TMGM provides a credible and trusted option, particularly appealing to those prioritizing newer market players.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Year Founded | 1989 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
CMC Markets excels in the realm of commissions and fees, earning the top spot in ForexBrokers.com's 2025 Annual Awards with a five-star rating. Renowned for its consistently low spreads, CMC Markets delivers competitive pricing across all account types. For instance, average spreads for EUR/USD stand at just 0.61 pips. The firm's Price Plus Scheme enables active traders to lower trading costs even further by amassing Trading Points. Additionally, CMC Markets' FX Active structure combines minimal spreads with a commission, resulting in a highly competitive 0.5 pip cost for trades like EUR/USD.
On the other hand, TMGM provides a four-star offering, ranking #36 in the Commissions and Fees category. TMGM caters to traders through its Edge account with a straightforward $3.50 per side commission and low prevailing spreads. This commission-based model is particularly appealing for those engaged in high-frequency trading. Islamic finance customers also have the flexibility to take advantage of interest-free accounts on the Edge platform, further rounding out TMGM's accessible offerings.
While CMC Markets leads the industry with its unmatched combination of low spreads and innovative pricing programs, TMGM remains a solid choice with its competitive commission rates and flexible account types. However, those seeking the most favorable overall trading costs may lean towards CMC Markets for its exceptional star rating and industry-leading rank.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.61 | N/A |
| All-in Cost EUR/USD - Active | 0.51 | 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.
When comparing CMC Markets and TMGM in terms of their range of investments, both brokers offer a broad array of options for traders. CMC Markets presents an impressive selection with 11,925 tradeable symbols, along with the opportunity to engage in forex trading as a CFD or spot contract offering 156 forex pairs. On the other hand, TMGM provides slightly more tradeable symbols with 12,000 options but a smaller variety of forex pairs at 62. Both brokers allow forex CFD or spot trading and also offer the ability to invest in cryptocurrency derivatives, although neither facilitates purchasing actual cryptocurrency.
Cropping up as a distinct advantage for CMC Markets, investors can purchase exchange-traded securities on both U.S. and international exchanges, giving access to stocks like Apple and Vodafone. Conversely, TMGM does not provide this service, limiting traders to CFDs and spot contracts. Both platforms support copy trading, catering to those who prefer to follow seasoned traders' strategies. As for ratings, CMC Markets has been awarded 5 stars for its range of investments and ranks #9 among 63 brokers. TMGM garners a respectable 4.5 stars for the same category and holds the #17 position.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 12000 |
| Forex Pairs (Total) | 156 | 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.
When comparing CMC Markets and TMGM for trading platforms and tools, both brokers offer free virtual demo accounts, making them great options for beginners to practice in a risk-free environment. CMC Markets leads with its proprietary platform developed in-house, while TMGM does not offer a unique platform of its own. Both brokers provide a Windows-based desktop platform and a web-based browser trading experience. Additionally, users can enjoy the popular MetaTrader 4 and MetaTrader 5 platforms on either broker, with integrated copy trading features.
For charting enthusiasts, CMC Markets provides 40 drawing tools, significantly more than TMGM's 15, giving traders more flexibility in their technical analysis. CMC Markets also stands out with 11 fields for watch lists, compared to TMGM's 7, allowing for more comprehensive market monitoring. In terms of rankings and reviews by ForexBrokers.com, CMC Markets earns a top-tier 5-star rating and is ranked #4 out of 63 brokers for its platforms and tools, while TMGM holds a respectable 4-star rating, positioned at #48. Both brokers enable trading directly from stock charts, offering a seamless experience for active traders.
| 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) | 79 | 30 |
| Charting - Drawing Tools (Total) | 40 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both CMC Markets and TMGM cater to traders on both iPhone and Android platforms, offering a seamless trading experience. Users can receive stock and forex price alerts on both apps, ensuring they never miss a market movement. While TMGM provides 30 technical studies compared to CMC Markets’ 29, CMC Markets shines with its watchlist symbol syncing feature, allowing watchlists to synchronize between the mobile app and the online account. This makes it easy for users to manage their investments on the go without cumbersome updates between different platforms.
Both trading apps allow drawing of trendlines and viewing multiple time frames, as well as real-time quote watchlists. The auto-save feature for chart drawings is available with both, simplifying technical analysis tasks. Despite these similarities, CMC Markets outshines TMGM in overall user satisfaction, earning a 5-star rating compared to TMGM’s 4-star rating for mobile trading apps. Standing out even more, CMC Markets claims an impressive #5 rank in mobile trading apps among 63 brokers, while TMGM positions itself at #47, demonstrating CMC Markets’ superior user experience and features for mobile traders.
| 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.
When it comes to market research, both CMC Markets and TMGM offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring users stay updated with crucial market trends. CMC Markets shines with a 5-star rating for research, holding the 6th spot among 63 brokers ranked by ForexBrokers.com. It provides a sentiment-based trading tool and tools from Autochartist, plus an economic calendar that keeps traders informed about global news events. Although CMC Markets excludes certain tools like those from Trading Central or Acuity Trading, its comprehensive offerings have made it a favored choice among traders seeking in-depth market insights.
TMGM, with a moderate 3.5-star research rating and a 53rd ranking by ForexBrokers.com, also offers valuable market research tools. In addition to daily market commentary and extensive forex news, TMGM provides access to Trading Central tools, delivering technical analytics to its users. It also features a sentiment-based trading tool and an economic calendar. However, it lacks Autochartist tools and TipRanks analytics, which could be crucial for some traders. Despite these limitations, TMGM remains a competitive option for those who value advanced analytical tools and a reliable data source.
| 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
|
TMGM
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | CMC Markets | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | TMGM Review |
| Broker Screenshots | CMC Markets | TMGM | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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 | 5 | 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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | CMC Markets | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 11925 | 12000 | |
| Forex Pairs (Total) | 156 | 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 | 0.61 | N/A | |
| All-in Cost EUR/USD - Active | 0.51 | 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) | 79 | 30 | |
| Charting - Drawing Tools (Total) | 40 | 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 |
| Overall | CMC Markets | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | TMGM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill