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FxPro vs TMGM 2022

Is FxPro better than TMGM? In our analysis of 23 international regulators across 39 brokers, FxPro is considered low-risk, with an overall Trust Score of 90 out of 99. TMGM is considered average-risk, with an overall Trust Score of 79 out of 99. Learn more about Trust Score.

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Overall Rating expand_moreexpand_less FxPro TMGM
Overall Rating starstarstarstarstar starstarstarstarstar
Commissions & Fees starstarstarstarstar starstarstarstarstar
Offering of Investments starstarstarstarstar starstarstarstarstar
Platform & Tools starstarstarstarstar starstarstarstarstar
Mobile Trading starstarstarstarstar starstarstarstarstar
Research starstarstarstarstar starstarstarstarstar
Education starstarstarstarstar starstarstarstarstar
Trust Score 90 79
Regulation expand_moreexpand_less FxPro TMGM
Trust Score 90 79
Year Founded 2006 2013
Publicly Traded (Listed) No No
Bank No No
Tier-1 Licenses 1 2
Tier-2 Licenses 2 0
Tier-3 Licenses 1 1
Authorised in European Union Yes No
Tier-1 Licenses (High Trust) expand_moreexpand_less FxPro TMGM
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No Yes
Tier-2 Licenses (Average Trust) expand_moreexpand_less FxPro TMGM
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
NSE Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust) expand_moreexpand_less FxPro TMGM
SCB Authorised (Bahamas) Yes No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No Yes
Investments expand_moreexpand_less FxPro TMGM
Forex Trading Yes Yes
Trading - Forex or CFDs Yes Yes
Tradeable Symbols (Total) 2175 12000
Forex Pairs (Total) 70 62
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 (CFD) Yes Yes
Cost expand_moreexpand_less FxPro TMGM
Average Spread EUR/USD - Standard 1.51 (August 2020) 0.96 (July 2021)
All-in Cost EUR/USD - Active 1.27 (August 2020) 0.76 (July 2021)
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes No
Funding expand_moreexpand_less FxPro TMGM
Minimum Initial Deposit $100 $100
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Trading Platforms expand_moreexpand_less FxPro TMGM
Proprietary Platform Yes 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 No
cTrader Yes No
DupliTrade No No
ZuluTrade No No
Trading Tools expand_moreexpand_less FxPro TMGM
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 19 7
Charting - Indicators / Studies (Total) 72 30
Charting - Drawing Tools (Total) 22 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile Trading expand_moreexpand_less FxPro TMGM
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 65 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes No
Research expand_moreexpand_less FxPro TMGM
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
Education expand_moreexpand_less FxPro TMGM
Has Education - Forex or CFDs Yes Yes
Client Webinars No Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Major Forex Pairs expand_moreexpand_less FxPro TMGM
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
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FxPro vs TMGM Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FxPro vs TMGM.

Does FxPro or TMGM offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FxPro offers better pricing overall for traders.

Is FxPro or TMGM safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FxPro holds 2 global Tier-2 licenses, while TMGM holds 0. In our analysis of 23 international regulators across 50 brokers, FxPro earned a higher Trust Score than TMGM.

Which trading platform is better: FxPro or TMGM?

To compare the trading platforms of both FxPro and TMGM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FxPro offers a better experience. With research, FxPro offers superior market research. Finally, we found FxPro to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FxPro and TMGM offer MetaTrader 4 (MT4).FxPro and TMGM both offer copy trading.

How many forex pairs and CFDs are available to trade?

FxPro provides traders 70 currency pairs (e.g., EUR/USD) compared to TMGM's 62 available pairs.

Can I trust FxPro?

FxPro is not publicly traded and does not operate a bank. FxPro is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). FxPro is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

Can I trust TMGM?

TMGM is not publicly traded and does not operate a bank. TMGM is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). TMGM is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Financial Markets Authority (FMA).

Is FxPro good?

FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app โ€“ though it isnโ€™t yet available for mobile โ€“ alongside access to the BnkPro app (which isnโ€™t yet available in all regions).

Is TMGM good?

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 โ€“ though the platform-specific requirements will limit who can use it.

Overall winner: FxPro

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