Written by ForexBrokers.com
In this head to head comparison of TMGM vs FXGT.com, 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.
Founded in 2013, TMGM is an online broker known for its regulatory strength within the financial industry. While not publicly traded or a bank, TMGM stands out with its two Tier-1 licenses, highlighting its status as a trusted financial entity. Achieving a Trust Score of 83 from ForexBrokers.com, TMGM is ranked within the "trusted" category, reflecting its commitment to providing reliable services to traders.
In contrast, FXGT.com, established in 2019, is a newer player in the online brokerage space. Like TMGM, it is neither publicly traded nor a bank. FXGT.com holds one Tier-1 license, indicating a recognized level of trust, accompanied by an additional Tier-2 license. Despite these credentials, its Trust Score is 69 according to ForexBrokers.com, placing it in the "high risk" bracket. This score suggests that potential clients should exercise more caution when dealing with FXGT.com compared to TMGM.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Year Founded | 2013 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing TMGM and FXGT.com for commissions and fees, TMGM offers more competitive options. With TMGM, traders can choose between a Classic account with spread-only fees or opt for the Edge account, which imposes a small commission of $3.50 per side ($7 per round trip) alongside generally low spreads. It should be noted, however, that recent average spread data for the EUR/USD currency pair was not available for TMGM. This information is vital for a comprehensive assessment of trading costs. Islamic finance customers who require Sharia-compliant accounts are also guided to choose TMGM’s Edge account, as the Classic account lacks swap-free options.
In contrast, FXGT.com does not provide average spread data, making it challenging to evaluate their full trading costs accurately. In terms of transparency and the variety of pricing structures, TMGM stands out as the preferable choice. This aspect may be significant for traders who regularly consider and compare spreads.
Evaluating the ratings, TMGM is rated 4 out of 5 stars for its commissions and fees, ranking 36th out of 63 brokers by ForexBrokers.com. On the other hand, FXGT.com scores slightly lower with a 3.5-star rating and is ranked 56th. These rankings further emphasize TMGM as the more favorable option concerning trading cost efficiency and fee transparency.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by TMGM and FXGT.com, TMGM stands out with an impressive offering of 12,000 tradeable symbols, including 62 forex pairs. In contrast, FXGT.com offers a more modest 117 tradeable symbols with 53 forex pairs. Both brokers provide forex trading as CFDs, and neither offers the purchase of genuine U.S. or international exchange-traded securities. Additionally, the opportunity to engage in copy trading is available with both brokers, although neither permits the purchase of actual cryptocurrencies, only derivatives.
In terms of ratings and rankings for investment range, TMGM garners 4.5 stars out of 5, earning it the 17th spot among 63 brokers, according to ForexBrokers.com. FXGT.com, on the other hand, receives a 3-star rating, ranking it 61st. This comparison highlights TMGM's more extensive array of tradeable symbols and a higher industry ranking, making it a more appealing choice for those seeking a broader investment spectrum.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 117 |
| Forex Pairs (Total) | 62 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | 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 TMGM and FXGT.com provide comprehensive trading platform offerings, including popular options like MetaTrader 4 and 5, and they both do not have proprietary platforms. They are well-equipped with essential tools, featuring web-based and Windows-based desktop platforms, alongside the availability of simulated trading via free virtual demo accounts. Additionally, both brokers support copy trading, allowing traders to mimic the strategies of experienced investors. However, neither of the platforms offers DupliTrade or ZuluTrade.
When it comes to charting capabilities, TMGM offers 15 drawing tools while FXGT.com provides a bit more with 23. Both platforms allow users to place trades straight from a stock chart, aiding in streamlined trading experiences. In terms of watch list customization, TMGM has the upper hand with 7 columns compared to FXGT.com's 5. Both brokers are rated 4 out of 5 stars for their trading platforms and tools. In rankings by ForexBrokers.com, TMGM holds the 48th position out of 63 brokers, slightly ahead of FXGT.com, which is ranked 56th.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of TMGM and FXGT.com, both offer accessible platforms for iPhone and Android users, providing stock or forex price alerts and enabling the drawing of trendlines on charts. Additionally, their apps incorporate the ability to view different time frames and auto-save chart drawings, making for a seamless trading experience. Both brokers deliver solid charting capabilities with 30 technical studies each, and users can create watchlists with real-time quotes. However, FXGT.com has an edge in watchlist syncing, allowing changes made either on mobile or online to update across platforms, a feature TMGM lacks.
Overall, TMGM's mobile app is rated slightly higher, earning 4 out of 5 stars compared to FXGT.com's 3.5 stars. Despite these close ratings, TMGM ranks #47 out of 63 brokers for its mobile trading app category according to ForexBrokers.com, making it higher than FXGT.com which stands at #58. Therefore, while both apps have their strengths, TMGM's app slightly outperforms FXGT.com's in user satisfaction and ranking while FXGT.com stands out for its advanced syncing capabilities.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing online brokers TMGM and FXGT.com for their research offerings, TMGM stands out with a more comprehensive suite of tools and insights. TMGM provides daily market commentary and forex news from elite sources like Bloomberg and Reuters, ensuring traders have access to high-quality information. It also offers technical analysis tools from Trading Central and a sentiment-based trading tool, which give traders insights into market trends and positions. Furthermore, TMGM partners with Acuity Trading to offer additional research tools, alongside an economic calendar that helps traders monitor global news events.
FXGT.com, in contrast, offers a more limited research service. While it does provide a sentiment-based trading tool and economic calendar similar to TMGM, it lacks daily market commentary and insights from top-tier forex news sources. The absence of tools from reputable companies like Trading Central and Acuity Trading means traders may find fewer resources at their disposal compared to TMGM. Reflecting these differences, TMGM holds a research rating of 3.5 stars, slightly higher than FXGT.com's 3 stars. In ForexBrokers.com's research rankings, TMGM is positioned at #53 out of 63 brokers, ahead of FXGT.com at #56.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing TMGM and FXGT.com in terms of educational resources for beginners, neither brokerage provides a wealth of learning materials focused on forex or CFDs. Both fall short in offering a minimum of 10 educational pieces like articles, videos, or webinars tailored to forex and CFD education. Additionally, neither TMGM nor FXGT.com provides a monthly schedule of online educational webinars. However, TMGM does stand out slightly by offering a searchable archive of recorded webinars, something FXGT.com does not provide.
In terms of helping beginners understand the ins and outs of trading, neither TMGM nor FXGT.com offers a significant number of beginner-focused or advanced educational videos. Nonetheless, both platforms include an investor dictionary, giving users access to definitions of at least 50 investing terms, which could prove useful for newcomers. Regarding overall education ratings, TMGM scores slightly higher with 3.5 stars compared to FXGT.com's 3 stars. In the ForexBrokers.com ranking for educational offerings, TMGM is positioned at #54 out of 63 brokers, ahead of FXGT.com, which ranks at #60.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 FXGT.com. TMGM finished with an overall rank of #37, while FXGT.com finished with an overall rank of #59.
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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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 69 |
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Both TMGM and FXGT.com do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide the option to buy cryptocurrency derivatives.
While TMGM offers PayPal, Skrill, Visa, Mastercard, and bank wire options for account transactions, FXGT.com stands out with the addition of ACH and SEPA transfers alongside Visa, Mastercard, and bank wires, enhancing the variety of deposit and withdrawal methods available to traders.
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 | FXGT.com | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | FXGT.com | |
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| Regulation | TMGM | FXGT.com | |
|---|---|---|---|
| Trust Score | 83 | 69 | |
| Year Founded | 2013 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | TMGM | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 117 | |
| Forex Pairs (Total) | 62 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | 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 | TMGM | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | TMGM | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | TMGM | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | FXGT.com | |
|---|---|---|---|
| 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 | TMGM Review |
| Overall | TMGM | FXGT.com | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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