Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro, established in 2006, and TMGM, which started in 2013, are both online brokers that provide trading services but have some key differences in their regulatory standings. FxPro is a registered bank, while TMGM is not, and neither is publicly traded. Both brokers hold two Tier-1 licenses, ensuring a high level of trust per ForexBrokers.com standards. Additionally, FxPro holds one Tier-2 license, considered a trusted designation, which TMGM does not possess. This contributes to FxPro's higher Trust Score of 93, categorizing it as highly trusted, compared to TMGM's Trust Score of 83, which also deems it an overall trusted broker.
FxPro's regulatory framework and longer establishment in the market position it as a reliable choice for traders seeking a broker with a solid trust rating and banking status. TMGM, while slightly newer and lacking a banking status, still maintains trustworthiness underlined by its dual Tier-1 licenses and a commendable Trust Score. Prospective clients seeking an online broker can use these distinctions to choose based on their personal preferences for trust and regulatory oversight.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Year Founded | 2006 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Comparing commissions and fees, FxPro and TMGM both earn 4 out of 5 stars, with FxPro ranked #33 of 63 and TMGM ranked #37 by ForexBrokers.com. FxPro’s overall pricing tends to be higher than the industry average, while TMGM’s Edge account looks attractive on paper with low commissions—though the broker does not publish recent average spread data for EUR/USD, which makes apples-to-apples cost comparisons harder.
FxPro’s sharpest pricing is on cTrader, where EUR/USD works out to about 1.27 pips all-in (0.37-pip average spread plus a 0.9-pip commission-equivalent). On MetaTrader, variable spreads were 1.58 pips on MT4 market execution (1.51 on MT5) and 1.71 pips on instant execution, based on FxPro’s August 2020 data. Execution style matters: instant execution can requote but avoids slippage, while market execution can slip but won’t requote. Note: cTrader has no minimum distance for stop/limit orders; MetaTrader requires at least 1 pip, even with the Elite account. FxPro’s Elite/Active Trader program can cut costs by up to 30%, though it still trails the deepest discounts from some larger rivals.
TMGM’s pricing depends on the account: the Edge account charges a $3.50 commission per side ($7 round trip) plus low spreads and no requotes, while the Classic account is spread-only. Islamic (swap-free) trading is available on Edge but not on Classic. The main drawback is transparency—TMGM does not provide recent average EUR/USD spread data, which many cost-focused traders rely on. In short, FxPro provides clearer published costs but can be pricier; TMGM’s Edge account can be compelling for commission-based pricing, but the lack of average spread data means you should verify live spreads before deciding.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| 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 it comes to range of investments, TMGM stands out for sheer breadth, listing about 12,000 tradeable instruments compared with FxPro’s 2,249. Both brokers support forex trading offered as CFDs or spot, and both provide copy trading. FxPro edges ahead on currency choice with 70 forex pairs versus 62 at TMGM. For crypto, neither broker lets you buy actual coins, but each offers cryptocurrency derivatives.
Stock access differs: neither broker offers exchange-traded U.S. shares, but FxPro does provide access to some real international shares, which TMGM does not. Independent ratings reflect the spread of markets on offer: FxPro earns 4 stars and ranks 29th out of 63 for Range of Investments, while TMGM scores 4.5 stars and ranks 18th. In short, choose TMGM if you want the widest overall selection of markets, and consider FxPro if you value more forex pairs and access to certain non-U.S. exchange-traded shares.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 12000 |
| Forex Pairs (Total) | 70 | 62 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
FxPro and TMGM both cater to new and experienced traders with free demo (paper) accounts, web-based platforms, Windows desktop downloads, and copy trading. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). A key difference: FxPro also offers a proprietary, in-house platform, while TMGM does not. Neither broker integrates DupliTrade or ZuluTrade.
For charting and workflow, both let you trade directly from charts and include a range of technical indicators. FxPro offers 25 drawing tools versus 15 at TMGM, while TMGM provides 7 watchlist columns compared with 6 at FxPro. ForexBrokers.com rates both brokers 4 stars for Trading Platforms and Tools; in the same category ranking out of 63 brokers, FxPro is #17 and TMGM is #49.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing FxPro vs TMGM for mobile trading, both brokers offer iPhone and Android apps with price alerts and the ability to build watchlists with real-time quotes. A key difference is watchlist syncing: FxPro syncs symbols between the mobile app and your online account, while TMGM does not—handy if you switch between phone and desktop.
For charting on the go, both apps let you draw trendlines, switch between multiple time frames, and auto-save your drawings. FxPro offers 65 technical studies in its mobile app, compared with 30 at TMGM. According to ForexBrokers.com, FxPro’s mobile app is rated 4.5/5 stars and ranks #15 out of 63 brokers, while TMGM earns 4/5 stars and ranks #48. If you value deeper charting tools and synced watchlists, FxPro has the edge; TMGM covers the essentials for straightforward mobile trading.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | 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 | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FxPro and TMGM both cover the essentials for market research: daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), Trading Central tools, sentiment indicators showing long/short ratios, and an economic calendar. Neither broker includes Autochartist or TipRanks. One key difference is that TMGM adds research from Acuity Trading (such as Signal Centre), while FxPro does not.
For overall quality, FxPro earns 4 stars for Research and ranks #26 out of 63 brokers, while TMGM is rated 3.5 stars and ranks #54, according to ForexBrokers.com. Choose TMGM if you want Acuity Trading signals alongside core tools. Pick FxPro if higher-rated, well-rounded research is your priority.
| Feature |
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 |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners diving into online trading, the educational offerings of a broker can provide valuable learning opportunities. FxPro stands out by offering a well-rounded suite of educational resources, making it a strong choice for novice traders interested in forex and CFDs. The broker provides more than 10 educational pieces, such as articles and videos on core trading topics, and offers a searchable archive of recorded webinars that can enhance a trader's understanding. Additionally, there are over 10 beginner-focused videos designed specifically for newcomers, along with a comprehensive investor dictionary featuring over 50 investing terms. This focus on education positions FxPro as a resourceful option, earning it a solid 4-star education rating and an education category ranking of #18 out of 63 brokers on ForexBrokers.com.
In contrast, TMGM also makes some attempts to inform its clients, but its resources for beginner traders are comparatively limited. While both FxPro and TMGM offer an archive of recorded client webinars and a decent investor dictionary, TMGM does not offer the same breadth of beginner educational videos or exceed the minimum threshold of educational materials on forex and CFDs. Consequently, this results in a slightly lower educational rating of 3.5 stars and a ranking of #54 in the education category among 63 brokers. Therefore, while TMGM provides a baseline for educational offerings, beginners needing more extensive resources might find FxPro to be a more engaging and informative platform.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | 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 FxPro is better than TMGM. FxPro finished with an overall rank of #21, while TMGM finished with an overall rank of #37.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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TMGM
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 83 |
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Neither FxPro nor TMGM offers the capability to purchase actual delivered cryptocurrency, but both provide the option to trade cryptocurrency derivatives.
When comparing online brokers, FxPro distinguishes itself from TMGM by offering a broader range of funding options, including ACH and SEPA transfers, along with common methods like PayPal, Skrill, Visa/Mastercard, and bank wires, while TMGM supports all except ACH and 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 | FxPro | TMGM | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review | TMGM Review |
| Broker Screenshots | FxPro | TMGM | |
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| Regulation | FxPro | TMGM | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 2006 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | FxPro | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FxPro | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FxPro | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 12000 | |
| Forex Pairs (Total) | 70 | 62 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | 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 | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FxPro | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| 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 | 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 | |
| Review | FxPro Review | TMGM Review |
| Overall | FxPro | TMGM | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review | TMGM Review |
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