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 |
FxPro and TMGM both aim to meet the needs of traders with specific execution models and pricing options, yet they differ significantly in their commission and fee structures. FxPro's pricing strategies are generally more costly than industry standards. It offers a mix of spread types on its MT4 platform, including both variable and fixed spreads, though these come with certain conditions. Traders using FxPro’s cTrader platform can access competitive spreads with a commission-based model that effectively translates to a EUR/USD spread of approximately 1.27 pips. However, for MT4 and MT5 users, average spreads on the EUR/USD pair can go up to 1.58 pips on market execution. Despite a robust Active Trader program providing discounts of up to 30%, FxPro lags behind leading competitors like FOREX.com, resulting in a 4-star rating and #32 ranking out of 62 brokers by ForexBrokers.com.
TMGM offers a competitive approach, especially for those opting for its Edge account, which has low spreads and no requotes. The Edge account includes a reasonable commission fee of $7 per round trip, without average spread data provided, which is a gap in transparency when compared to other top brokers. TMGM provides options that are tailored for specific trading needs: their Classic account is spread-only, while the Edge account is commission-based, making it particularly attractive for those keeping an eye on costs. Islamic traders can also find suitable options within the Edge account, thanks to interest-free, Sharia-compliant features. TMGM also enjoys a 4-star rating, though it holds the #36 spot in ForexBrokers.com's ranking for commissions and fees.
Both FxPro and TMGM offer unique strengths and competitive features, depending on your trading style and platform preference. While FxPro provides a comprehensive execution model that includes both instant and market execution, alongside active trader benefits, TMGM focuses on providing cost-efficient options for traders through its Edge account. Each trader should consider their specific needs and trading habits when choosing between these brokers, while also recognizing the rankings and ratings that reflect their market positions.
| 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.
FxPro and TMGM both provide a variety of investment opportunities with some distinct differences. FxPro offers forex trading via CFDs or spot contracts, providing access to 2249 tradeable symbols, including 70 forex pairs. Although it does not offer exchange traded securities on U.S. exchanges, it allows trading of international securities like those from the London Stock Exchange. This broker also supports both copy trading and trading in cryptocurrency derivatives, though it does not facilitate the purchase of actual cryptocurrencies. Rated 4 stars for its Range of Investments, FxPro ranks 28th among 62 brokers according to ForexBrokers.com.
On the other hand, TMGM also allows forex trading through CFDs or spot contracts, but impressively offers access to a larger pool of 12000 tradeable symbols. While it supports 62 forex pairs and excludes access to exchange traded securities on both U.S. and international exchanges, it matches FxPro in supporting copy trading and trading in cryptocurrency derivatives. TMGM does not offer the option to purchase actual cryptocurrencies either. Recognized with 4.5 stars for its Range of Investments, TMGM ranks higher at 17th place in the ForexBrokers.com comparison of 62 brokers.
| 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.
When comparing FxPro and TMGM on trading platforms and tools, both brokers provide a comprehensive suite suitable for different trading needs. FxPro stands out by offering a proprietary platform in addition to popular third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas TMGM supports MT4 and MT5 but does not have a proprietary platform. Both brokers facilitate simulated paper trading through free demo accounts, enabling users to practice and develop their strategies without financial risk. In terms of platform accessibility, both FxPro and TMGM feature web-based and Windows-based desktop trading platforms, providing flexibility in how traders can engage with the market.
Charting tools and trade execution are also strong points for these brokers. FxPro offers a richer set of charting options with 25 drawing tools compared to TMGM's 15. Both allow trading directly from stock charts. When it comes to organizing market data, TMGM offers a slight edge with seven columns for watch lists compared to FxPro's six. Despite these differences, both received a four-star rating for their trading platforms and tools, yet FxPro ranks higher on ForexBrokers.com at #17 out of 62 brokers, against TMGM's #48. Both brokers support copy trading, though they lack integration with DupliTrade and ZuluTrade.
| 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.
FxPro and TMGM both provide comprehensive mobile trading solutions for iPhone and Android users, making it convenient for traders on the go. Both brokers deliver features like stock and forex price alerts, the ability to draw trendlines, and the option to view various time frames on charts. They also support creating watchlists with real-time quotes. However, FxPro has an edge with its ability to sync watchlist symbols across the mobile app and online accounts, ensuring seamless updates wherever you choose to trade.
When it comes to technical studies for charting, FxPro significantly outpaces TMGM by offering 65 options compared to TMGM's 30. Both apps auto-save drawings on charts, which is a handy feature for maintaining your analysis. In terms of user ratings and industry ranking, FxPro surpasses TMGM with a 4.5-star rating and a #15 ranking by ForexBrokers.com for mobile trading apps, while TMGM holds a 4-star rating and ranks #47 out of 62 brokers. These differences may influence your choice, depending on what features are most critical for your trading needs.
| 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.
Both FxPro and TMGM provide comprehensive market research features tailored for users aiming to make informed trading decisions. They both excel in offering daily market commentary and access to forex news from esteemed sources such as Bloomberg and Reuters. Each platform integrates Trading Central tools, including Technical Analytics, and presents a sentiment-based trading tool to gauge trading trends effectively. Furthermore, both brokers facilitate an economic calendar highlighting global news that may impact markets. Although FxPro does not include Acuity Trading tools like Signal Centre, TMGM provides access to these, offering an edge in certain analytical aspects.
While FxPro boasts a higher research rating of 4 stars compared to TMGM's 3.5, this distinction reflects its slightly superior offerings in the research domain. FxPro ranks 26th among 62 brokers according to ForexBrokers.com, whereas TMGM stands at 53rd. This disparity might suggest that some traders find FxPro's research tools and resources marginally more comprehensive and user-friendly. Ultimately, both platforms show solid capabilities in delivering vital market insights, yet individual preferences might steer a trader toward one over the other.
| 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.
When it comes to educational resources for beginners, FxPro and TMGM offer differing options that cater to new traders in the forex and CFD market. FxPro provides more comprehensive educational content tailored for beginners, including over 10 educational pieces such as articles, videos, and archived webinars focused on forex and CFDs. Although both brokers offer a searchable archive of recorded webinars, FxPro also provides at least 10 beginner-specific educational videos, making it a favorable option for those new to trading. In contrast, TMGM does not match the quantity of beginner-focused content that FxPro offers.
For those who appreciate understanding key trading terms, both FxPro and TMGM offer an investor dictionary with definitions of at least 50 investing terms. However, neither broker arranges regular monthly webinars or advanced educational videos in numbers that cater to experienced traders. According to ForexBrokers.com, FxPro earns a higher education rating of 4 stars and ranks #18 out of 62 brokers in their Education category, whereas TMGM receives a 3.5-star rating and ranks #54. This clear distinction highlights FxPro as a more comprehensive resource for newcomers seeking to build foundational trading knowledge.
| 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 62 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
|
|---|---|---|
| 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) | No | No | |
| 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 | 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) | No | No |
| 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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