Written by ForexBrokers.com
In this head to head comparison of TMGM vs Eightcap, 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.
When considering online trading platforms, both TMGM and Eightcap offer unique advantages. Founded in 2013, TMGM is a newer player compared to Eightcap, which started in 2009. Neither company is publicly traded or operates as a bank. In terms of regulatory standing, TMGM holds two Tier-1 licenses, reflecting a commitment to high trust standards. Eightcap, on the other hand, holds three Tier-1 licenses, slightly surpassing TMGM in this regard.
Trust Scores from ForexBrokers.com place TMGM with a rating of 83 and Eightcap with a rating of 85, indicating both are considered trusted brokers. With these scores, Eightcap sits slightly higher, though both brokers maintain a solid reputation for trustworthiness among users. While neither holds any Tier-2 licenses, their Tier-1 credentials provide confidence for traders seeking secure online trading experiences.
| Feature |
TMGM
|
Eightcap
|
|---|---|---|
| Year Founded | 2013 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
TMGM and Eightcap both split pricing into two account types. TMGM’s Classic is spread-only, while its Edge account adds a commission of $3.50 per side ($7 round trip) with low spreads and no requotes; note that swap-free (Islamic) trading is available only on the Edge account. Eightcap’s Standard is spread-only, and its Raw account mirrors TMGM’s commission of $3.50 per side.
TMGM advertises competitive costs, but it does not publish recent average EUR/USD spread data, which makes it harder to pin down true all-in costs. Eightcap does publish averages: its Raw account lists an average spread of 0.06 pips, and after the $3.50-per-side commission, the estimated all-in cost is about 0.76 pips—just under the 0.8-pip industry average. In short, Eightcap is slightly pricier than the very cheapest brokers, but it provides clearer pricing data.
Ratings and rankings for commissions and fees: TMGM is 4 out of 5 stars and ranks 37th of 63 brokers at ForexBrokers.com. Eightcap is also 4 out of 5 stars but ranks higher at 27th of 63. If transparent average spreads matter most, Eightcap has an edge; if you want low commissions with access to a swap-free option, TMGM’s Edge account is the draw—though the lack of published averages limits direct comparisons.
| Feature |
TMGM
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, TMGM offers far more choice than Eightcap. Both brokers let you trade forex as CFDs or in spot-style contracts, but TMGM lists about 12,000 tradable instruments versus Eightcap’s 803. Forex traders also get a slightly wider selection at TMGM, with 62 currency pairs compared to Eightcap’s 55.
Neither broker lets you buy real, exchange-traded shares in the U.S. or abroad, and neither supports buying actual cryptocurrency. Both do offer crypto CFDs and copy trading. Based on breadth alone, TMGM stands out: it earns 4.5 stars for Range of Investments and ranks 18th out of 63 brokers, while Eightcap scores 3.5 stars and ranks 41st. If you want the biggest menu of markets, TMGM is the stronger pick; if you need core CFDs and forex with copy trading, Eightcap covers the basics.
| Feature |
TMGM
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 803 |
| Forex Pairs (Total) | 62 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | 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.
TMGM vs Eightcap: both brokers check the key boxes for trading platforms and tools. Each offers a free demo (paper) trading account, supports copy trading, and lets you place orders directly from charts. Neither provides a proprietary platform; instead, both rely on the familiar MetaTrader suite—MT4 and MT5—available on Windows desktop and through a web-based platform. If you prefer the MetaTrader ecosystem with chart trading and browser access, either broker will feel straightforward to use.
From independent ratings, TMGM and Eightcap each earn 4 stars for Trading Platforms and Tools. However, in ForexBrokers.com’s rankings out of 63 brokers, Eightcap places higher at #39 compared with TMGM at #49. In short, both deliver similar MetaTrader-focused experiences, but if rankings influence your choice, Eightcap has a slight edge.
| Feature |
TMGM
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | 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) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM vs Eightcap mobile trading apps: both brokers offer iPhone and Android apps with stock and forex price alerts, 30 technical indicators for charting, the ability to draw trendlines, and auto-saving of drawings. The key difference is watchlist syncing. Eightcap syncs your watchlist symbols between the mobile app and your online account, while TMGM does not.
Both apps are rated 4 out of 5 stars. On ForexBrokers.com’s Mobile Trading Apps ranking, Eightcap is #39 out of 63 brokers, ahead of TMGM at #48. If cross-device watchlist syncing matters, Eightcap has the edge. If you mainly need alerts and charting tools on iPhone or Android, either app should work well.
| Feature |
TMGM
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing TMGM vs Eightcap for market research, both brokers cover the basics well: you get daily market commentary, a sentiment tool showing long/short positioning, Acuity Trading tools (e.g., Signal Centre), and an economic calendar. Key differences appear in news and analytics. TMGM streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones and adds Trading Central for technical and fundamental insights. Eightcap does not offer those two. Neither broker includes Autochartist or TipRanks.
Both TMGM and Eightcap earn 3.5 stars for Research. However, ForexBrokers.com ranks Eightcap higher overall in the Research category (#40 of 63) than TMGM (#54 of 63). If premium news feeds and Trading Central matter to you, TMGM stands out. If you prefer similar core tools with a stronger category ranking, Eightcap is the pick.
| Feature |
TMGM
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | Yes | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing education at TMGM and Eightcap, Eightcap stands out. Eightcap hosts ongoing educational webinars (at least one per month) and offers 10+ beginner-focused trading videos, giving new forex and CFD traders more ways to learn. TMGM does not run monthly webinars and does not provide 10+ beginner videos. Neither broker offers 10+ advanced trading videos for experienced traders.
Both brokers earn 3.5 out of 5 stars for Education, but Eightcap ranks higher (#40 of 63) than TMGM (#54 of 63) on ForexBrokers.com. If you value live classes and a larger beginner video library for forex and CFDs, Eightcap is likely the better fit. If you only need basic materials, TMGM may still meet your needs.
| Feature |
TMGM
|
Eightcap
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that TMGM is better than Eightcap. TMGM finished with an overall rank of #37, while Eightcap finished with an overall rank of #38.
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 – though the platform-specific requirements will limit who can use it.
| Feature |
TMGM
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Eightcap
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| Trust Score | 83 | 85 |
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Online brokers TMGM and Eightcap do not offer buying actual (delivered) cryptocurrencies, but both provide the ability to buy cryptocurrency CFDs.
TMGM vs Eightcap funding options: both online brokers lack ACH/SEPA; Eightcap supports PayPal, Skrill, and bank wires, while TMGM’s availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified, and Visa/Mastercard status for Eightcap is also unspecified.
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 | TMGM | Eightcap | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | TMGM Review | Eightcap Review |
| Broker Screenshots | TMGM | Eightcap | |
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| Regulation | TMGM | Eightcap | |
|---|---|---|---|
| Trust Score | 83 | 85 | |
| Year Founded | 2013 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | TMGM | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | TMGM | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | TMGM | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 803 | |
| Forex Pairs (Total) | 62 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | 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 | TMGM | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | TMGM | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | TMGM | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | 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 | TMGM | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | TMGM | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Eightcap | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | TMGM | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | TMGM Review | Eightcap Review |
| Overall | TMGM | Eightcap | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | TMGM Review | Eightcap Review |
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