Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com, established in 1999, is a publicly traded company that holds an impressive seven Tier-1 licenses and one Tier-2 license. This extensive regulatory approval reflects its top-tier trustworthiness, earning FOREX.com the highest possible Trust Score of 99 from ForexBrokers.com. This high rating indicates that FOREX.com is considered highly trusted within the industry, providing a secure environment for trading activities.
On the other hand, TMGM, which began operations in 2013, is a privately held broker. It holds two Tier-1 licenses, contributing to a ForexBrokers.com Trust Score of 83. Although not as high as FOREX.com, TMGM still ranks as a trusted broker. Both brokers are not banks, providing their customers with alternative trading options outside traditional banking structures.
| Feature |
FOREX.com
|
TMGM
|
|---|---|---|
| Year Founded | 1999 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Comparing commissions and fees, FOREX.com earns 4.5/5 stars and ranks #14 of 63 at ForexBrokers.com, while TMGM scores 4/5 stars and ranks #37. Both brokers offer a choice between spread-only pricing and commission-based accounts, but FOREX.com publishes more granular cost data, making it easier to estimate your all-in pricing.
FOREX.com’s Standard account uses spread-only pricing and tends to be pricier in the U.S., with typical EUR/USD spreads around 1.4 pips (July 2023). Outside the U.S., average EUR/USD spreads were about 0.74 pips in July 2023. The RAW Spread account targets tighter pricing: typical EUR/USD spreads near 0.13 pips (Feb 2024) plus a $7 per standard lot round-trip commission, with six volume tiers that rebate $2–$9 per million. For lower-volume U.S. traders (under $50 million per month), the all-in cost of the commission plan is often similar to the Standard account.
TMGM’s pricing depends on account type: the Classic account is spread-only, while the Edge account charges $3.50 per side ($7 round-trip) plus low prevailing spreads and advertises no requotes. TMGM doesn’t publish recent average spread data for the EUR/USD, which makes precise comparisons harder. Islamic (swap-free) accounts are available on the Edge plan only. If you want predictable commission pricing and typically tighter spreads, the Edge account is likely the better value at TMGM, but your true cost will still hinge on live spreads and your trading volume.
| Feature |
FOREX.com
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average spread (EUR/USD) - Standard account | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FOREX.com and TMGM both let you trade forex as CFDs or spot contracts. Looking at the range of investments, TMGM lists about 12,000 tradeable symbols, while FOREX.com offers around 5,500. Flip that for currency coverage: FOREX.com has 80 tradeable forex pairs versus 62 at TMGM. Neither broker provides exchange-traded shares on U.S. or international stock exchanges. For crypto, you can trade cryptocurrency as a CFD at both brokers, but neither supports buying actual coins.
If you want copy trading, TMGM includes it; FOREX.com does not. In ForexBrokers.com’s Range of Investments category, FOREX.com earns 5 stars and ranks #7 out of 63 brokers, while TMGM earns 4.5 stars and ranks #18. In short, choose TMGM if you want a very large list of symbols and copy trading, or pick FOREX.com if you care more about the number of forex pairs and higher marks for range.
| Feature |
FOREX.com
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 12000 |
| Forex Pairs (Total) | 80 | 62 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | 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.
FOREX.com and TMGM both provide simulated paper trading via free demo accounts, plus web-based and Windows desktop platforms. They each support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and let you place trades directly from charts. The biggest difference is platform lineup: FOREX.com offers a proprietary in-house platform alongside MT4/MT5, while TMGM relies on third-party platforms and does not have its own. Feature-wise, copy trading is available at TMGM but not at FOREX.com, which may matter if you want to mirror other traders.
For trading platforms and tools, FOREX.com is rated 5 out of 5 stars and ranks 7th out of 63 brokers by ForexBrokers.com. TMGM holds a 4 out of 5 stars rating and ranks 49th out of 63. If you want an all-in-one in-house platform experience, FOREX.com stands out; if copy trading is a must, TMGM has the edge—both still give you MT4/MT5, chart trading, and a demo account to practice.
| Feature |
FOREX.com
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FOREX.com and TMGM offer iPhone and Android apps for trading on the go, and each supports stock or forex price alerts. A key difference is watchlists: the FOREX.com mobile app syncs watchlists with your online account, so changes on one device appear everywhere, while TMGM does not offer syncing and requires you to manage lists separately.
For charting, the FOREX.com app includes 88 technical studies compared with TMGM’s 30; both apps let you draw trendlines and automatically save your drawings. Ratings reflect the gap: FOREX.com earns 5 stars and ranks #3 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while TMGM holds 4 stars and ranks #48. If you want deeper chart tools and seamless watchlist syncing, FOREX.com stands out; if you only need core alerts and drawing tools, TMGM covers the basics.
| Feature |
FOREX.com
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FOREX.com and TMGM each deliver daily market commentary and forex news from major sources like Bloomberg, Reuters, or Dow Jones. Both brokers offer Trading Central analysis, a sentiment tool that shows long/short positioning, and an economic calendar. Neither broker includes Autochartist or TipRanks.
The key difference is that TMGM adds research from Acuity Trading (Signal Centre), while FOREX.com does not. Even so, according to ForexBrokers.com, FOREX.com holds the edge with a 4.5/5 Research rating and a #9 ranking out of 63 brokers, compared to TMGM’s 3.5/5 and #54 ranking. If you want Acuity signals, TMGM may appeal; if you prefer higher-rated overall research, FOREX.com is the stronger pick.
| Feature |
FOREX.com
|
TMGM
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing FOREX.com vs TMGM on education for beginners, FOREX.com is the more comprehensive option. It hosts monthly live educational webinars and offers 10+ beginner videos that explain trading basics in plain language. As you progress, there are also 10+ advanced videos to keep learning. TMGM does not offer monthly educational webinars and does not meet the 10-video mark for beginner or advanced topics, so its structured learning path is more limited.
These differences show up in independent ratings: FOREX.com earns 4.5/5 stars and ranks #4 out of 63 brokers for Education on ForexBrokers.com, while TMGM scores 3.5/5 stars and ranks #54. If you want a clear, step-by-step learning experience with live sessions and a deeper video library, FOREX.com is the stronger choice for new traders.
| Feature |
FOREX.com
|
TMGM
|
|---|---|---|
| Webinars | Yes | 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 FOREX.com is better than TMGM. FOREX.com finished with an overall rank of #5, while TMGM finished with an overall rank of #37.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
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TMGM
|
|---|---|---|
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| Trust Score | 99 | 83 |
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Both FOREX.com and TMGM do not support purchasing actual delivered cryptocurrencies, but each broker offers cryptocurrency CFD trading for speculating on crypto prices without owning the underlying assets.
FOREX.com supports deposits and withdrawals via ACH/SEPA, PayPal, Skrill, and bank wire (Visa/Mastercard availability not specified), while TMGM does not support ACH/SEPA and has no specified information on PayPal, Skrill, Visa/Mastercard, or bank wire 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.
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0 of 5| Overall Rating | FOREX.com | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | TMGM Review |
| Broker Screenshots | FOREX.com | TMGM | |
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| Regulation | FOREX.com | TMGM | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1999 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| 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) | No |
| Investments | FOREX.com | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 12000 | |
| Forex Pairs (Total) | 80 | 62 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | 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 | FOREX.com | TMGM | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | FOREX.com | TMGM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | FOREX.com | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FOREX.com | TMGM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | TMGM | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FOREX.com | TMGM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FOREX.com Review | TMGM Review |
| Overall | FOREX.com | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | TMGM Review |
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