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FXCM vs TMGM 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of FXCM vs TMGM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

FXCM
4.5/5 Stars Overall
  • Minimum Deposit: Starts from $50
  • Trust Score: 95
  • Tradeable Symbols (Total): 440
TMGM
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 83
  • Tradeable Symbols (Total): 12000

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.

Regulation

FXCM and TMGM are both notable online brokers, although they differ significantly in their trust and regulatory standings. FXCM, established in 1999, is publicly traded and holds a high Trust Score of 95, indicating it is considered highly trusted. It is licensed with four top-tier regulatory bodies and has two additional licenses from tier-2 authorities. This means FXCM offers a strong sense of security to its users.

On the other hand, TMGM, founded in 2013, is not publicly traded and holds a Trust Score of 83, placing it in the trusted category. TMGM is licensed by two top-tier regulators, which still offers a level of credibility, but it doesn't have any tier-2 licenses. Both FXCM and TMGM are not banks, so while TMGM provides reliable services, it may not offer the same level of trust as FXCM due to fewer regulatory endorsements.

Feature FXCM logoFXCM
TMGM logoTMGM
Year Founded info 1999 2013
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2

Fees

FXCM and TMGM both score 4/5 stars for commissions and fees. However, FXCM ranks higher at #25 of 63 brokers, while TMGM sits at #37. FXCM publishes detailed average spreads, making costs easier to compare, whereas TMGM’s recent average spread for EUR/USD isn’t available. If transparent pricing data matters to you, FXCM has a slight edge; if you prefer a straightforward flat-commission setup, TMGM’s Edge account is attractive.

FXCM’s May 2024 EUR/USD average spreads were 0.78 pips for its EU, U.K., and Australia offerings, and 1.38 pips for its St. Vincent and the Grenadines entity. Its commission-based accounts showed low underlying spreads at 0.28 pips, with an effective cost around 0.74 pips after adding the commission-equivalent of 0.50 pips per round turn. High-volume traders can access FXCM’s Active Trader Rebate Program (not available in the U.K. or EU), offering $5–$25 per million traded for at least $10 million in monthly volume. Depending on the FXCM entity, commission discounts may still apply; for example, in the U.K., a $25,000 balance and $50 million in monthly volume can reduce the commission to $2.50 per side ($5 round turn). As with most brokers, spreads can widen during rollover or volatile conditions.

TMGM’s pricing depends on the account you choose. The Classic account is spread-only, while the commission-based Edge account charges $3.50 per side ($7 round turn) plus low prevailing spreads. TMGM does not provide recent average EUR/USD spread data, which makes apples-to-apples cost comparisons harder. Islamic (swap-free) accounts are available only on the Edge account. In short, TMGM’s Edge account offers simple, competitive commissions, while FXCM provides detailed spread data and potential high-volume discounts that may appeal to active traders.

Feature FXCM logoFXCM
TMGM logoTMGM
Minimum Deposit info Starts from $50 $100
Average Spread EUR/USD - Standard info 0.9 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

TMGM offers a wider range of investments than FXCM. TMGM lists about 12,000 tradeable symbols and 62 forex pairs, while FXCM has roughly 440 symbols and 46 forex pairs. Both brokers support forex trading as CFDs/spot contracts and offer copy trading. For crypto, both let you trade crypto derivatives (not actual coins). Neither broker lets you buy real exchange‑traded shares in the U.S. or abroad; stock access is via CFDs only.

In ForexBrokers.com’s Range of Investments category, TMGM is rated 4.5 stars and ranks #18 out of 63 brokers, while FXCM is rated 3.5 stars and ranks #48. If you want the broadest market selection, TMGM stands out; if you just need the essentials plus copy trading without real share dealing, FXCM can fit the bill.

Feature FXCM logoFXCM
TMGM logoTMGM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 12000
Forex Pairs (Total) info 46 info 62
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

FXCM vs TMGM: Both brokers offer a free demo account for paper trading, web-based and Windows desktop platforms, copy trading, MetaTrader 4 (MT4), and the ability to place trades directly from charts. FXCM also provides its own proprietary platform, while TMGM does not. If you need MetaTrader 5 (MT5), TMGM supports it and FXCM does not.

For Trading Platforms and Tools, ForexBrokers.com rates FXCM at 5 stars (ranked #6 of 63) and TMGM at 4 stars (ranked #49 of 63). Choose FXCM if you want an in-house platform alongside MT4 and chart trading; pick TMGM if MT5 access is a priority. Details such as counts of indicators, drawing tools, watchlist fields, or third-party copy apps like ZuluTrade or DupliTrade were not specified.

Feature FXCM logoFXCM
TMGM logoTMGM
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 115 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

FXCM and TMGM both offer mobile trading apps for iPhone and Android, plus helpful features like price alerts, drawing trendlines on charts, and auto-saving your chart drawings. In independent testing by ForexBrokers.com, FXCM’s mobile app earned 4.5 stars and ranked #16 out of 63 brokers, while TMGM received 4 stars and ranked #48. These results suggest FXCM delivers a stronger overall mobile experience.

For charting, FXCM provides 59 technical studies compared to TMGM’s 30, which may appeal to traders who rely on more indicators. FXCM also syncs watchlists between the mobile app and your online account, while TMGM does not. Based on the data provided, details about viewing multiple time frames and creating real-time quote watchlists were not specified for either app.

Feature FXCM logoFXCM
TMGM logoTMGM
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Watchlist [DELETED] info

Dive deeper: Best Forex Trading Apps.

Market research

FXCM vs TMGM: both brokers deliver daily market commentary, streaming forex news from leading sources like Bloomberg and Reuters, Trading Central tools, a sentiment gauge that shows long/short ratios, and an easy-to-read economic calendar. Neither broker includes Autochartist.

The main differences come down to third-party research add-ons and overall scores. FXCM includes TipRanks, while TMGM offers Acuity Trading’s Signal Centre instead. For research quality, FXCM holds a 4.5-star rating and ranks #11 out of 63 brokers at ForexBrokers.com; TMGM earns 3.5 stars and ranks #54. Choose FXCM if TipRanks matters to you, or TMGM if you prefer Signal Centre—both cover the essentials for everyday market analysis.

Feature FXCM logoFXCM
TMGM logoTMGM
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
Client sentiment data info Yes Yes
TipRanks info Yes No
Acuity Trading info No Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

If you’re a beginner comparing FXCM and TMGM for forex and CFD education, FXCM delivers a more complete learning path. FXCM hosts at least one educational webinar each month and offers 10+ beginner trading videos, plus 10+ advanced videos for when you’re ready to go deeper. TMGM, by contrast, does not run monthly educational webinars and does not meet the 10-video mark for beginner or advanced topics. Details about webinar archives or an investor dictionary were not specified for either broker.

These differences show up in third-party ratings: FXCM earns 4.5 out of 5 stars for Education and ranks 14th out of 63 brokers on ForexBrokers.com, while TMGM earns 3.5 stars and ranks 54th. If you want structured, video-led lessons and ongoing webinars, FXCM is the stronger choice; if you need fewer in-house resources, TMGM may still fit.

Feature FXCM logoFXCM
TMGM logoTMGM
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FXCM is better than TMGM. FXCM finished with an overall rank of #15, while TMGM finished with an overall rank of #37.

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Feature FXCM logoFXCM
TMGM logoTMGM
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 95 83
Range of Investments 3.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with FXCM or TMGM?

Both FXCM and TMGM do not provide options to purchase actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.

What funding options does each broker offer?

Online broker FXCM supports ACH/SEPA, PayPal, Skrill, and bank wire deposits and withdrawals, while TMGM offers PayPal, Skrill, and bank wires but not ACH/SEPA.

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announcementPlease 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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Overall Rating FXCM TMGM
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 83
Winner check_circle
Review FXCM Review TMGM Review
Broker Screenshots FXCM TMGM
Broker Gallery (click to expand) info
FXCM mobile app watchlist. FXCM web platform. FXCM research web articles market analysis. FXCM education articles
TMGM MetaTrader 5 MT5 mobile app charts. TMGM client dashboard login TMGM Research Acuity Trading Signal Centre trading signals detail. TMGM learning center academy educational beginner courses progress tracking
Regulation FXCM TMGM
Trust Score info 95 83
Year Founded info 1999 2013
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) FXCM TMGM
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) FXCM TMGM
Kenya (CMA Authorised) info
Israel (ISA Authorised) info Yes No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments FXCM TMGM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 12000
Forex Pairs (Total) info 46 info 62
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 FXCM TMGM
Average Spread EUR/USD - Standard info 0.9 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Inactivity Fee info Yes Yes
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding FXCM TMGM
Minimum Deposit info Starts from $50 $100
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms FXCM TMGM
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools FXCM TMGM
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 115 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FXCM TMGM
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research FXCM TMGM
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
TipRanks info Yes No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education FXCM TMGM
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs FXCM TMGM
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review FXCM Review TMGM Review
Overall FXCM TMGM
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 3.5/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 83
Winner check_circle
Review FXCM Review TMGM Review
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