Written by ForexBrokers.com
In this head to head comparison of TMGM vs FXPrimus, 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.
TMGM, an online broker established in 2013, is considered a trusted choice with a Trust Score rating of 83 out of 99 by ForexBrokers.com. Although not publicly traded or operating as a bank, TMGM has earned its reputation with 2 Tier-1 licenses. These licenses are viewed as highly trustworthy, reassuring traders looking for a reliable platform.
FXPrimus, founded in 2009, holds a ForexBrokers.com Trust Score of 71, indicating an average risk. Like TMGM, FXPrimus is not publicly traded and does not function as a bank. However, it holds 1 Tier-1 license, which reflects a level of reliability in the financial market, though slightly lower than its competitor, TMGM.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Year Founded | 2013 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees between TMGM and FXPrimus, TMGM provides competitive options particularly with its Edge account. This account is noted for its low spreads and absence of requotes, plus a modest commission fee of $3.50 per side, totaling $7 per round trip. Although TMGM does not currently publish average spread data for the EUR/USD, which is an important factor for evaluating overall trading costs, their offering is completed by the Classic account with spread-only pricing. For Islamic finance customers, TMGM's Sharia-compliant Edge account accommodates interest-free trading.
On the other hand, FXPrimus does not provide average spread data, which could be a limitation for traders seeking comprehensive transparency in evaluating their costs. While the upfront details on commissions might not be as vivid as with TMGM, both brokers find themselves quite closely rated. TMGM earns a 4-star rating in terms of commissions and fees and stands at the 36th position out of 63 brokers according to ForexBrokers.com.
FXPrimus also garners a 4-star rating but ranks slightly lower at the 42nd position in the same category. Although both brokers offer competitive and appealing options for traders, TMGM seems to edge out slightly with more specific details on their fee structure, at least where commissions are concerned. This might nudge cautious traders to lean towards TMGM when assessing available options.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing TMGM and FXPrimus for their range of investments, both brokers provide options for forex trading as CFDs or spot contracts, catering to traders interested in foreign exchange markets. TMGM stands out by offering a whopping 12,000 tradable symbols compared to FXPrimus's 140, providing a more extensive selection for investors looking to diversify. In terms of forex pairs alone, TMGM offers 62 pairs, surpassing the 42 pairs available through FXPrimus. Both brokers do not provide the option to buy exchange-traded securities directly from U.S. or international markets, such as shares of Apple or Vodafone.
For cryptocurrency enthusiasts, neither TMGM nor FXPrimus allows the purchase of actual cryptocurrencies, though they do offer cryptocurrency derivatives as an alternative. Both brokers cater to social trading enthusiasts with copy trading services. With these considerations in mind, TMGM achieves a 4.5-star rating for its range of investments, ranking it 17th out of 63 brokers according to ForexBrokers.com. In contrast, FXPrimus holds a 3.5-star rating and stands at the 59th position. These ratings highlight TMGM's broader appeal for investors seeking a wide array of investment options.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 140 |
| Forex Pairs (Total) | 62 | 42 |
| 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.
When comparing online brokers TMGM and FXPrimus, both offer traders a range of platforms and tools that cater to different preferences. Both brokers provide simulated trading through free demo accounts and support popular MetaTrader 4 and MetaTrader 5 platforms. Users of either broker can enjoy the convenience of trading with a Windows-based desktop download or a web-based platform right from their browsers. One key difference is that FXPrimus offers a proprietary trading platform developed in-house, while TMGM does not. Both brokers, however, offer copy trading but lack third-party platforms like DupliTrade and ZuluTrade.
In terms of charting tools, TMGM and FXPrimus are on an equal footing, each offering 15 drawing tools for charting and the ability to trade directly from stock charts. Watch list customization is also consistent, with both providing seven columns for traders to keep an eye on their preferred assets. With a four-star rating for Trading Platforms and Tools, TMGM is marginally ahead of FXPrimus, ranking #48 out of 63 brokers on ForexBrokers.com, while FXPrimus is just a step behind at #49. Overall, both brokers provide solid options for traders seeking flexible and comprehensive trading environments.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of TMGM and FXPrimus, both brokers demonstrate versatility by offering apps compatible with iPhone and Android devices. Users of either broker can benefit from features like stock or forex price alerts, the ability to create watchlists with real-time quotes, and charting capabilities with 30 technical studies. Moreover, both apps allow for drawing trendlines and viewing multiple time frames, making them useful tools for traders seeking thorough technical analysis. Though neither broker provides watchlist symbol syncing to ensure seamless updates between mobile and online accounts, the apps do conveniently auto-save any chart drawings made by the user.
For mobile trading app quality, both TMGM and FXPrimus earn a commendable 4-star rating. While TMGM is ranked #47 out of 63 brokers by ForexBrokers.com for its mobile trading app, FXPrimus follows closely at #48. Despite these similar rankings, both brokers deliver strong and functional mobile trading experiences that cater well to those diving into the digital trading world. Whether you're tracking market trends or fine-tuning your trading strategies, both TMGM and FXPrimus offer tools flexible enough to meet the needs of day-to-day traders.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| 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 the market research offerings of TMGM and FXPrimus, there are some notable differences. Both TMGM and FXPrimus provide daily market commentary and maintain an economic calendar to keep traders informed of key global events. However, TMGM stands out by delivering forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, a service that FXPrimus does not offer. In terms of research tools, TMGM offers insights from Trading Central and Acuity Trading, including a sentiment-based trading tool, giving it an advantage over FXPrimus, which lacks these features.
While neither broker offers tools from TipRanks or Autochartist, TMGM's more comprehensive selection of research tools contributes to its higher rating of 3.5 stars, as opposed to FXPrimus's 3 stars. This distinction is reflected in their rankings by ForexBrokers.com, with TMGM positioned at #53 and FXPrimus at #58 out of 63 brokers in the Research category. Overall, TMGM provides a more enriched research experience for traders looking for in-depth market analysis and news from esteemed sources.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources aimed at beginners, TMGM and FXPrimus offer different experiences for traders just starting out. TMGM lacks a significant collection of beginner-focused educational content, not meeting the standard of providing at least 10 pieces of learning material like articles or videos on forex or CFDs. Moreover, TMGM does not host monthly educational webinars, although they do offer a searchable archive of recorded sessions and an investor dictionary containing over 50 terms. Despite these resources, TMGM's offering seems limited compared to the needs of beginner traders.
On the other hand, FXPrimus surpasses the minimum educational requirement with more than 10 pieces of informative content on forex and CFDs. They enhance this further with the availability of monthly educational webinars and a searchable archive, providing newcomers with a platform to explore past sessions easily. However, similar to TMGM, they do not offer a substantial number of beginner-specific educational videos or advanced videos for experienced traders. While FXPrimus does not provide an investor dictionary, the combination of webinars and educational content positions them as a slightly better alternative in terms of educational resources. In ratings, TMGM scores 3.5 stars for education, standing marginally ahead of FXPrimus, which is rated 3 stars, although FXPrimus ranks slightly better at #51 compared to TMGM's #54 ranking out of 63 brokers in ForexBrokers.com's education category.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 FXPrimus. TMGM finished with an overall rank of #37, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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Both online brokers TMGM and FXPrimus do not provide the option to buy actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
Both TMGM and FXPrimus provide options to deposit or withdraw funds through Skrill, Visa, Mastercard, and bank wires, but TMGM stands out by also accepting PayPal, whereas neither offers ACH or SEPA 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 | TMGM | FXPrimus | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | FXPrimus | |
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| Regulation | TMGM | FXPrimus | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2013 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 140 | |
| Forex Pairs (Total) | 62 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | TMGM | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | TMGM | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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