Written by ForexBrokers.com
In this head to head comparison of TMGM vs GBE brokers, 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 and GBE brokers, both established in 2013, are online trading platforms that are not publicly traded and do not operate as banks. When comparing their trustworthiness based on regulatory licenses, TMGM holds an advantage with two Tier-1 licenses, indicating a level of trust that is highly regarded in the industry. In contrast, GBE brokers possess one Tier-1 license, which is also valued but not as high as TMGM's standing.
Assessing their Trust Score ratings, as evaluated by ForexBrokers.com, TMGM scores an 83, placing it in the 'trusted' category. This suggests that clients can feel reassured with TMGM’s security measures and oversight. On the other hand, GBE brokers receive a score of 71, categorizing it as carrying an 'average risk' according to the same scale. These scores provide a straightforward glimpse into the perceived reliability and customer confidence levels associated with each broker.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| Year Founded | 2013 | 2013 |
| 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 commissions and fees, TMGM stands out with its advantageous Edge account, offering low spreads and a competitive commission of $3.50 per side ($7 per round trip). Unfortunately, recent average spread data for the EUR/USD pair isn't available. TMGM provides two types of accounts: the Classic account which relies on spreads only, and the Edge account, which combines low spreads with a commission fee. Those who require Islamic finance options should note that TMGM's swap-free accounts are accessible only with the Edge account.
Meanwhile, GBE brokers do not offer specific average spread data, making it harder to gauge the true cost of trading. Both TMGM and GBE brokers share a similar level of satisfaction, each earning a rating of 4 out of 5 stars in the commissions and fees category. However, TMGM slightly outranks GBE brokers, positioned at #36 out of 63 on ForexBrokers.com, while GBE brokers follow at #37.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| 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 | Yes |
| 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 the variety of investments offered, TMGM stands out with a significantly larger selection of tradeable symbols, boasting 12,000 compared to GBE Brokers' 500. While both platforms provide forex trading as a CFD, TMGM offers 62 forex pairs, slightly fewer than GBE Brokers' 71 pairs. Although neither broker allows clients to purchase exchange-traded securities on U.S. or international stock exchanges, they both support copy trading, providing avenues for users to learn and potentially profit by mimicking successful trades. Both brokers also offer cryptocurrency derivatives, though not in their actual form.
In terms of ratings, TMGM receives a higher score of 4.5 stars out of five for its range of investments, compared to GBE Brokers' 3.5 stars. This difference is reflected in their respective rankings by ForexBrokers.com, with TMGM placed 17th out of 63 brokers, well ahead of GBE Brokers, which ranks 44th. Both platforms provide similar offerings in some areas, but TMGM's broader selection of tradeable symbols and higher overall rating makes it a standout choice for those seeking a more diverse investment portfolio.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 500 |
| Forex Pairs (Total) | 62 | 71 |
| 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 TMGM and GBE brokers, both platforms cater to a range of trading needs with similar features. Each broker provides traders with access to simulated (paper) trading through free demo accounts, ensuring newcomers can practice without financial risk. Neither broker has developed a proprietary platform in-house; instead, they both offer popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with Windows-based desktop and web-based platforms for seamless access. Furthermore, both support copy trading, allowing users to mirror the trades of others. However, neither offers additional services like DupliTrade or ZuluTrade.
Charting and customizability are key strengths for both TMGM and GBE brokers, as each offers 15 drawing tools, the ability to trade directly from stock charts, and support for watch lists with 7 columns to personalize user experience. Despite these capabilities, neither specifies the number of technical indicators available. Rated equally at 4 out of 5 stars for Trading Platforms and Tools, TMGM slightly edges ahead in the rankings category by ForexBrokers.com, placed at 48 compared to GBE's 57. This positions TMGM as a marginally more favored choice among the 63 brokers evaluated.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 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.
Both TMGM and GBE Brokers offer comprehensive mobile trading apps available for iPhone and Android users. Each platform ensures convenience with features like price alerts for stocks and forex and the ability to draw trendlines on charts. Users can view charts in multiple time frames, whether daily, weekly, or intraday, alongside saving drawings automatically. Moreover, you can create real-time watchlists, although neither platform supports syncing these watchlists between the app and online account, meaning changes need to be updated separately in each location.
The apps from both brokers accommodate technical traders with 30 available technical studies for in-depth chart analysis. With these features at hand, ForexBrokers.com has rated both TMGM and GBE Brokers mobile apps with 4 out of 5 stars. However, when it comes to rankings, TMGM edges out slightly ahead, being positioned at #47 compared to GBE Brokers at #57 out of a field of 63 brokers surveyed. This suggests that while both apps provide solid trading experiences, TMGM may offer a slightly more favorable user experience overall.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| 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 TMGM and GBE brokers regarding market research offerings, both provide daily market commentary and economic calendars to keep traders informed on global news. However, TMGM stands out by offering forex news sourced from top-tier platforms like Bloomberg and Reuters, while GBE brokers do not. Additionally, TMGM offers advanced research tools from Trading Central and Acuity Trading, such as Technical Analytics and Signal Centre, whereas GBE brokers do not include these services. Both brokers offer sentiment-based trading tools to provide traders insight into market trends.
In terms of overall ratings, TMGM has a slight edge with a research rating of 3.5 stars out of 5, compared to GBE brokers' 3 stars. According to ForexBrokers.com, TMGM is ranked at #53 for research out of 63 brokers, indicating a stronger position than GBE brokers, which is ranked at #62. These rankings reflect TMGM's broader range of market research tools and partnerships with leading financial news services, which can be advantageous for traders seeking deeper insights and data-driven decisions.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| 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 | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to comparing the educational resources available to newcomers in trading, TMGM and GBE brokers each have their strengths and weaknesses. Neither broker offers a substantial collection of educational content, as both lack a library of at least ten articles, videos, or webinars focused on forex or CFDs. Additionally, neither host regular online educational webinars. However, TMGM does offer access to a database of recorded webinars, which can serve as a valuable resource for self-paced learners. GBE brokers, on the other hand, does not provide this feature, which could limit the opportunities for their clients to learn from past sessions.
For those interested in understanding trading terms, TMGM provides an investor dictionary with over 50 terms, a resource not available through GBE brokers. While neither broker stands out in providing beginner or advanced educational videos, the availability of the dictionary gives TMGM a slight edge for new traders needing to familiarize themselves with jargon. As per ForexBrokers.com, TMGM receives an education rating of 3.5 stars and ranks #54 among 63 brokers, while GBE brokers earn a rating of 3 stars and rank at #63. This suggests that TMGM may offer a somewhat better educational experience for beginners than GBE brokers, although both have room for growth in this area.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| 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 GBE brokers. TMGM finished with an overall rank of #37, while GBE brokers finished with an overall rank of #57.
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
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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Both TMGM and GBE Brokers do not offer the ability to purchase actual (delivered) cryptocurrency, but they both provide the option to buy cryptocurrency derivatives.
While both TMGM and GBE Brokers provide options such as PayPal, Skrill, Visa, Mastercard, and bank wires for depositing and withdrawing account funds, only GBE Brokers additionally offers ACH or SEPA transfers, underscoring a slight edge in transfer flexibility.
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 | GBE brokers | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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| Regulation | TMGM | GBE brokers | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2013 | 2013 | |
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 500 | |
| Forex Pairs (Total) | 62 | 71 | |
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| 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 | No | Yes |
| Trading Platforms | TMGM | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | TMGM | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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