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 account | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing FxPro vs TMGM for range of investments: both brokers let you trade forex as CFDs or spot, and both support copy trading and cryptocurrency CFDs (but not buying actual crypto). TMGM lists about 12,000 tradable symbols, far more than FxPro’s 2,249, while FxPro edges ahead in forex selection with 70 currency pairs versus TMGM’s 62. Neither broker offers exchange-traded U.S. stocks, but FxPro does provide access to exchange-traded shares on certain international markets, a feature TMGM doesn’t offer.
TMGM earns 4.5 stars for Range of Investments and ranks #18 out of 63 brokers at ForexBrokers.com, reflecting its large catalog of markets. FxPro scores 4 stars and ranks #29, standing out for its broader list of forex pairs and access to international exchange-traded securities. Choose TMGM if you prioritize sheer instrument count, or FxPro if you want more forex pairs plus international share dealing.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 12000 |
| Forex Pairs (Total) | 70 | 62 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Comparing FxPro vs TMGM for trading platforms and tools: both brokers offer free demo (paper) trading, Windows-based desktop platforms, and web (browser) trading. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus copy trading and the ability to place trades directly from charts. A key difference is that FxPro also provides a proprietary, in-house platform, while TMGM does not—so FxPro gives you one more platform choice.
Both brokers earn 4 stars for Trading Platforms and Tools, yet ForexBrokers.com ranks FxPro higher at #17 out of 63 brokers, compared with TMGM at #49. The number of built-in chart indicators and watch list fields wasn’t specified; if those details matter to you, check each platform’s specs. In short, pick FxPro if you want MetaTrader alongside a proprietary option, or choose TMGM if you’re focused on a straightforward MetaTrader setup with demo access.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 53 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and TMGM both offer mobile trading apps for iPhone and Android. Each app supports price alerts for stocks and forex, plus chart tools like drawing trendlines with auto-save for your annotations. A key difference is watchlist syncing: FxPro syncs your watchlists across mobile and web so changes follow you, while TMGM does not offer this syncing.
For charting depth, FxPro provides 65 technical studies compared with TMGM’s 30. Independent reviews reflect this edge: ForexBrokers.com rates FxPro’s mobile app 4.5 stars and ranks it #15 out of 63 brokers, while TMGM earns 4 stars and ranks #48. If you want deeper analysis tools and synced watchlists, FxPro is the stronger pick; if you just need the essentials on iPhone or Android, TMGM still covers the basics well.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing education from FxPro and TMGM, FxPro has an edge in video content: it offers at least 10 beginner-friendly videos that explain trading basics, while TMGM does not reach that level. Neither broker runs monthly educational webinars, and neither has 10 or more advanced videos for experienced traders, so live or deep-dive lessons are limited at both.
Independent ratings reflect this gap. ForexBrokers.com gives FxPro 4 out of 5 stars for Education and ranks it 18th out of 63 brokers, while TMGM earns 3.5 stars and ranks 54th. If you’re new to forex or CFDs and want clear, self-paced video lessons, FxPro is likely the more helpful choice over TMGM.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
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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| Trust Score | 93 | 83 |
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Online brokers FxPro and TMGM do not support buying actual (delivered) cryptocurrencies, but both offer trading in cryptocurrency CFDs.
In the FxPro vs TMGM comparison for deposit and withdrawal methods, FxPro supports ACH/SEPA transfers, PayPal, Skrill, and bank wire transfers, whereas TMGM does not support ACH/SEPA and no information was provided regarding its support for PayPal, Skrill, Visa/Mastercard, or bank wires.
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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FxPro | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | FxPro | TMGM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FxPro | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FxPro | TMGM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | TMGM | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | FxPro | TMGM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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