Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro (founded 2007) and TMGM (founded 2013) are online brokers with different profiles. eToro is publicly traded, while TMGM is not; neither broker is a bank.
Regulation and safety markers favor eToro. On ForexBrokers.com’s 99-point Trust Score, eToro scores 96 (90–99 = highly trusted) and TMGM scores 83 (80–89 = trusted). eToro holds 4 Tier-1 licenses and 1 Tier-2 license, while TMGM holds 2 Tier-1 licenses and no Tier-2 licenses. If top-tier regulation and a public listing are important to you, eToro has the edge; TMGM remains a trusted alternative.
| Feature |
eToro
|
TMGM
|
|---|---|---|
| Year Founded | 2007 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Comparing commissions and fees, eToro lists a typical variable spread of 1 pip on EUR/USD as a market-maker, which is slightly higher than the industry average. Traders often pick eToro for its social copy trading rather than for ultra-tight spreads. TMGM, by contrast, focuses on cost choice: a spread-only Classic account or the commission-based Edge account. The Edge plan adds a small $3.50 per side commission ($7 round trip) on top of generally low spreads, though recent average spread data for EUR/USD wasn’t available—a transparency metric many top brokers publish.
eToro’s pricing is straightforward with variable spreads, and it enhances value through its eToro Club VIP tiers (Silver to Diamond for balances from $5,000 to $250,000). Perks can include Trading Central access, discounted withdrawal/deposit fees, and a dedicated account manager. For commissions and fees, eToro is rated 4.5/5 stars and ranks #23 out of 63 brokers by ForexBrokers.com.
TMGM’s costs hinge on your chosen account type. The Edge account is the better fit for lower all-in trading costs thanks to its modest commissions and no requotes, while the Classic account keeps it simple with spreads only. Islamic (swap-free) accounts are available on Edge but not Classic. For commissions and fees, TMGM is rated 4/5 stars and ranks #37 out of 63 brokers by ForexBrokers.com.
| Feature |
eToro
|
TMGM
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
TMGM offers more markets overall with about 12,000 tradeable symbols, compared with eToro’s 7,441. TMGM also lists 62 forex pairs versus eToro’s 55, and both brokers support forex trading via CFDs or spot contracts. Where eToro stands out is access to real stocks: it lets you buy exchange-traded securities on U.S. and international exchanges (for example, Apple or Vodafone), while TMGM does not offer exchange-traded securities on those markets.
Both platforms provide copy trading. For crypto, eToro supports buying actual coins as well as crypto derivatives, whereas TMGM offers crypto derivatives only. Reflecting this mix, ForexBrokers.com rates eToro 5 out of 5 stars for Range of Investments and ranks it #11 out of 63 brokers, while TMGM earns 4.5 out of 5 stars and ranks #18.
| Feature |
eToro
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 12000 |
| Forex Pairs (Total) | 55 | 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) | Yes | 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.
Both eToro and TMGM provide free demo (paper) accounts and web-based platforms with the ability to place trades directly from charts. eToro uses its own proprietary platform and does not offer a Windows desktop download or MetaTrader support. TMGM does not have a proprietary platform, but it does offer a Windows desktop trading platform and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Copy trading is available at both brokers.
For Trading Platforms and Tools, eToro is rated 4.5 stars and ranks #8 out of 63 brokers at ForexBrokers.com, while TMGM is rated 4 stars and ranks #49. Choose eToro if you want an in-house, web-first platform with copy trading. Choose TMGM if you prefer a Windows desktop setup and the MetaTrader suite (MT4 and MT5).
| Feature |
eToro
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both the eToro mobile app and the TMGM mobile app are available on iPhone and Android, and each supports price alerts and real-time quote watchlists. eToro stands out for watchlist syncing between mobile and web, while TMGM does not sync watchlists. For overall quality, eToro holds a 4.5-star Mobile Trading Apps rating and ranks #10 out of 63 brokers on ForexBrokers.com, compared with TMGM’s 4 stars and a #48 ranking. If you want a higher-rated experience with seamless account syncing, eToro is the stronger pick.
For charting, eToro offers 104 technical indicators in its app versus 30 on TMGM. Both apps let you switch between multiple time frames, like daily, weekly, or intraday. TMGM supports drawing trendlines and will auto-save your drawings, while eToro doesn’t support trendline drawing and won’t auto-save drawings. Choose eToro if you value a larger set of indicators and syncing; choose TMGM if drawing tools and saved annotations matter more.
| Feature |
eToro
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
In the eToro vs TMGM market research comparison, both brokers cover the essentials: daily market commentary, top-tier forex news (from sources like Bloomberg/Reuters/Dow Jones), Trading Central tools, a sentiment gauge, and an economic calendar. Neither provides Autochartist.
The key differences are their add-ons. eToro includes TipRanks for stock and analyst insights, while TMGM offers Acuity Trading’s Signal Centre for idea generation. Independent scores reflect this edge: eToro is rated 4.5/5 and ranks 13th out of 63 brokers for Research on ForexBrokers.com, whereas TMGM scores 3.5/5 and ranks 54th. If you want broader analyst coverage, eToro has the advantage; if you prefer signal-driven prompts, TMGM can suit your style.
| Feature |
eToro
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Choosing a broker with helpful education can speed up your learning curve. For beginners focused on forex and CFDs, eToro stands ahead of TMGM: eToro is rated 4.5/5 stars and ranked #5 out of 63 brokers for Education by ForexBrokers.com, while TMGM is rated 3.5/5 stars and ranked #54.
eToro runs at least one educational client webinar each month and offers 10+ beginner videos plus 10+ advanced videos, giving new traders clear steps to build skills. TMGM does not host monthly educational webinars and does not meet the 10-video mark for beginner or advanced topics. Information about searchable webinar archives, investor dictionaries, and whether either broker provides 10+ forex/CFD-specific education pieces was not confirmed. If you want frequent live sessions and a larger video library, eToro is the better fit; if you only need lighter content, TMGM may be acceptable.
| Feature |
eToro
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than TMGM. eToro finished with an overall rank of #9, while TMGM finished with an overall rank of #37.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 83 |
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eToro allows users to purchase actual cryptocurrencies and engage in cryptocurrency derivatives, while TMGM focuses solely on offering cryptocurrency derivative trading without the option to buy actual cryptocurrencies.
Between online brokers eToro and TMGM, eToro supports ACH/SEPA transfers for depositing and withdrawing funds (not available with TMGM), and both brokers accept PayPal, Skrill, and bank wire transfers.
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 | eToro | TMGM | |
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| Trust Score | 96 | 83 | |
| Winner | check_circle | ||
| Review | eToro Review | TMGM Review |
| Broker Screenshots | eToro | TMGM | |
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| Regulation | eToro | TMGM | |
|---|---|---|---|
| Trust Score | 96 | 83 | |
| Year Founded | 2007 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | eToro | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | 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) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | 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 | eToro | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 12000 | |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 | eToro | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts [DELETED] | |||
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | TMGM | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) [DELETED] | |||
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | eToro | TMGM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade [DELETED] | |||
| ZuluTrade [DELETED] |
| Trading Tools | eToro | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Watchlists - Total Fields [DELETED] | |||
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Drawing Tools (Total) [DELETED] | |||
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | |||
| Webinars | Yes | No | |
| Client Webinars (Archived) [DELETED] | |||
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) [DELETED] |
| Major Forex Pairs | eToro | 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 | eToro Review | TMGM Review |
| Overall | eToro | TMGM | |
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| Trust Score | 96 | 83 | |
| Winner | check_circle | ||
| Review | eToro Review | TMGM Review |
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