Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Fineco and TMGM are both online brokers with distinct differences in their founding, public presence, and regulatory standings. Established in 1999, Fineco is not only a broker but also operates as a bank and is publicly traded, which can enhance its transparency and credibility. With a high Trust Score of 94 out of 99 on ForexBrokers.com, Fineco is considered highly trusted, holding two Tier-1 licenses that further reinforce its reliability in the financial market.
On the other hand, TMGM was founded in 2013 and does not share the same banking status or public trading listing as Fineco, which may affect investor confidence differently. TMGM also holds two Tier-1 licenses, which ensures a high level of trust. However, its Trust Score is 83, marking it as a trusted broker but with slightly higher perceived risk compared to Fineco. Both brokers do not hold any Tier-2 licenses, indicating a direct reliance on their Tier-1 regulatory benchmarks.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Year Founded | 1999 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Comparing commissions and fees, TMGM tends to be more transparent and potentially cheaper for active traders, while Fineco’s pricing is harder to pin down. Fineco does not publish average spread data for forex or CFDs, and the EUR/USD spreads it lists (0.8–1.0 pips, not stated as averages) may be higher than what many competitors offer. By contrast, TMGM’s Edge account posts a clear commission with typically low spreads, though recent average spread data for EUR/USD isn’t available. For commissions and fees, Fineco is rated 3.5/5 stars (ranked #52 of 63), while TMGM is rated 4/5 stars (ranked #37 of 63).
Fineco’s pricing is centered on spreads, but the broker does not disclose average figures or a date range, making true costs tough to verify. It lists EUR/USD at 1 pip and also cites 0.8 pips, yet neither is labeled as an average. Fineco does appear to offer lower spreads on certain index CFDs, which may appeal to index traders.
TMGM’s fees depend on the account you choose. The Classic account is spread-only, while the commission-based Edge account charges $3.50 per side ($7 round trip) on top of low prevailing spreads, with no requotes. TMGM hasn’t provided recent average EUR/USD spread data, but its Edge account is generally the more cost-focused option. Note: swap-free (Islamic) accounts are available only with the Edge account.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Fineco and TMGM both support forex trading (CFDs or spot). TMGM lists more overall instruments and forex pairs, with about 12,000 tradeable symbols and 62 currency pairs, while Fineco offers around 9,770 symbols and 54 pairs. A key difference is stock access: Fineco lets you buy real, exchange-traded shares on U.S. and international exchanges, whereas TMGM does not offer real shares. TMGM does provide copy trading and cryptocurrency CFDs, which Fineco does not. Neither broker offers delivered cryptocurrency.
Both brokers earn 4.5 out of 5 stars for range of investments. In ForexBrokers.com’s rankings out of 63 brokers, Fineco is #17 and TMGM is #18. In short: pick Fineco if you want to invest directly in U.S. and global stocks; pick TMGM if you want a larger list of symbols, more forex pairs, copy trading, and crypto CFDs.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 12000 |
| Forex Pairs (Total) | 54 | 62 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | No | 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.
Comparing Fineco and TMGM for trading platforms and tools: Fineco offers a proprietary, in-house platform alongside both Windows desktop and web-based trading. TMGM also supports Windows desktop and web trading, but it does not have its own platform; instead, it focuses on MetaTrader 4 (MT4) and MetaTrader 5 (MT5). TMGM includes copy trading and lets you place orders directly from charts, while Fineco does not support copy trading or trade-from-chart functionality. The number of chart indicators and watchlist fields for each broker isn’t disclosed.
If you want a free demo account to practice, TMGM provides simulated paper trading; Fineco does not. Independent ratings are level—both earn 4 stars for Platforms and Tools—yet their category rankings differ: Fineco is #18 out of 63 brokers on ForexBrokers.com, while TMGM is #49. In short, Fineco suits traders who prefer an in-house platform experience, whereas TMGM appeals to MetaTrader users and those who want copy trading, chart-based order entry, and a risk-free demo.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Fineco and TMGM both deliver mobile trading apps for iPhone and Android, and each supports price alerts to help you track market moves on the go. However, neither broker currently syncs watchlists between the mobile app and the online account, so changes made in one place won’t appear in the other.
Charting is where the two apps differ most. Fineco’s app includes 6 technical studies and does not support drawing trendlines or auto‑saving drawings. TMGM’s app offers 30 technical studies, lets you draw trendlines, and saves your chart drawings automatically. Despite these differences, both apps earn 4 out of 5 stars. In ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, Fineco places at #43, while TMGM is at #48.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing Fineco vs TMGM for market research: TMGM publishes daily market commentary, while Fineco does not. Both brokers stream forex news from top-tier sources like Bloomberg or Reuters and include an economic calendar. According to ForexBrokers.com, Fineco earns 4.0/5 stars and ranks #34 out of 63 brokers for Research, whereas TMGM scores 3.5/5 stars and ranks #54.
On the tools front, neither broker integrates Autochartist. TMGM stands out with Trading Central analytics and a sentiment tool that shows the long/short split across instruments, plus extras from Acuity Trading. Fineco does not list Trading Central or a sentiment tool, and its use of TipRanks or Acuity Trading isn’t specified. If you want more built-in analysis tools and daily commentary, TMGM has the edge; if overall research quality and rankings matter most, Fineco comes out ahead.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners seeking trading education, Fineco has a clear edge. It runs online client webinars at least once a month and offers 10+ beginner-friendly videos that explain key trading topics in simple terms. TMGM does not host monthly education webinars and does not meet the 10-video threshold for beginner lessons. For advanced learners, neither Fineco nor TMGM provides 10 or more videos aimed at experienced traders.
Reflecting these differences, Fineco earns 4.0 out of 5 stars for Education and ranks 49th out of 63 brokers at ForexBrokers.com. TMGM scores 3.5 stars and ranks 54th. If you value live webinars and a larger set of beginner videos for forex and CFD education, Fineco is the stronger pick. If you don’t need webinars and are comfortable with lighter starter materials, TMGM can still work.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 Fineco is better than TMGM. Fineco finished with an overall rank of #25, while TMGM finished with an overall rank of #37.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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TMGM
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|---|---|---|
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| Trust Score | 94 | 83 |
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Fineco vs TMGM: both brokers do not support buying actual (delivered) cryptocurrency, but while Fineco also lacks cryptocurrency CFDs, TMGM offers crypto CFD trading for derivative exposure.
In the Fineco vs TMGM comparison of funding methods, Fineco supports ACH/SEPA transfers for account deposits and withdrawals while TMGM does not; details for PayPal, Skrill, Visa/Mastercard, and bank wire options were not provided for either broker.
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 | Fineco | TMGM | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | Fineco Review | TMGM Review |
| Broker Screenshots | Fineco | TMGM | |
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| Regulation | Fineco | TMGM | |
|---|---|---|---|
| Trust Score | 94 | 83 | |
| Year Founded | 1999 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Fineco | 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) | No | 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) | Fineco | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Fineco | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 12000 | |
| Forex Pairs (Total) | 54 | 62 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | No | 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 | Fineco | TMGM | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Fineco | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Fineco | TMGM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Fineco | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Fineco | TMGM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | TMGM | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Fineco | TMGM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Fineco Review | TMGM Review |
| Overall | Fineco | TMGM | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | Fineco Review | TMGM Review |
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