Written by ForexBrokers.com
In this head to head comparison of TMGM vs IFC Markets, 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, established in 2013, is an online broker that enjoys a Trust Score of 83 out of 99 on ForexBrokers.com, indicating its trusted status. Not publicly traded or a bank, TMGM distinguishes itself by holding two Tier-1 licenses, classifying it as highly trusted. In comparison, IFC Markets, founded in 2006, shares the same private company and non-bank status but holds no Tier-1 licenses. Its Trust Score is 73, categorizing it as average risk according to ForexBrokers.com ratings.
IFC Markets holds one Tier-2 license, suggesting a level of trust worth noting, yet falling short of the higher trust levels associated with Tier-1 licenses. While neither TMGM nor IFC Markets are part of a stock exchange or serve as banks, their regulatory credentials differ significantly. TMGM’s tiered licensing positions it as more reliable for cautious investors, whereas IFC Markets offers a more moderate level of trust.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Year Founded | 2013 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
TMGM keeps trading costs simple with two choices: the Classic account (spread-only) and the Edge account (commission plus tight spreads and no requotes). The Edge account charges $3.50 per side ($7 round trip) and is also the only option for swap-free Islamic accounts. A caveat: TMGM hasn’t published recent average spread data for EUR/USD, which makes it harder to pin down all-in costs. TMGM is rated 4 out of 5 stars for commissions and fees and is ranked #37 out of 63 brokers by ForexBrokers.com.
IFC Markets posts an average EUR/USD spread of 1.44 pips, which is above the 1.08-pip industry average. Active traders may prefer the ECN account, where effective costs can drop to about 1.1 pips after a 0.005% commission is applied to both sides of a trade. The absence of inactivity fees and the availability of active trader discounts help trim expenses. IFC Markets is rated 4 out of 5 stars for commissions and fees and is ranked #40 out of 63 brokers by ForexBrokers.com.
In short, IFC Markets offers clearer published pricing and no inactivity fee, while TMGM’s Edge account can be attractive if you value a low commission model and expect consistently tight spreads—though the lack of recent average EUR/USD data at TMGM adds some uncertainty when comparing total costs head-to-head.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $100 | $1 |
| Average spread (EUR/USD) - Standard account | N/A | 1.44 |
| All-in Cost EUR/USD - Active | N/A | 1.1 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
TMGM and IFC Markets both support forex trading (CFDs/spot) and offer copy trading. TMGM provides a much wider selection overall, with 12,000 tradeable symbols and 62 forex pairs, compared to IFC Markets’ 630 symbols and 49 forex pairs. Neither broker lets you buy actual cryptocurrencies, but both offer cryptocurrency CFDs.
For exchange-traded securities (not CFDs), TMGM does not offer access to U.S. or international exchanges, while IFC Markets supports some international shares (but not U.S. stocks). In independent assessments of range of investments, TMGM earns 4.5/5 stars and ranks #18 out of 63 brokers, whereas IFC Markets scores 3.5/5 stars and ranks #44. If you want the widest menu and more forex pairs, TMGM stands out; if you need non-CFD access to certain international stocks, IFC Markets is the better fit.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 630 |
| Forex Pairs (Total) | 62 | 49 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
TMGM and IFC Markets cover the essentials most traders want: free demo (paper) accounts, web and Windows desktop platforms, copy trading, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade directly from charts with both brokers. The main difference is platform choice—IFC Markets also offers a proprietary platform built by the broker, while TMGM sticks to well-known third‑party options. If you want the extra choice of a broker-made platform, IFC Markets has it; if you prefer a straightforward MetaTrader setup across devices, TMGM fits the bill.
Both brokers earn 4 stars for trading platforms and tools. In ForexBrokers.com’s comparison of 63 brokers, IFC Markets ranks #37 and TMGM ranks #49. Specific counts for chart indicators and watch list fields weren’t provided and can vary by platform version. For practice and strategy testing, each broker’s free demo account is handy, and both support copy trading to mirror other traders’ moves.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| 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) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM and IFC Markets both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, 30 built-in technical studies for charting, trendline drawing, and automatic saving of your annotations—handy for tracking forex and stock setups on the go. In day-to-day use, both apps check the key boxes most traders want: alerts, indicators, and reliable chart tools.
The main difference is watchlist syncing. IFC Markets syncs watchlists between the mobile app and your online account, while TMGM does not—useful if you switch devices often. Both earn 4 out of 5 stars for Mobile Trading Apps, with TMGM ranked #48 and IFC Markets #53 out of 63 brokers by ForexBrokers.com. Choose IFC Markets if cross-device watchlist syncing matters most; pick TMGM if you prefer the slightly higher category ranking.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
TMGM and IFC Markets both cover the basics for market research: you get daily market commentary, an economic calendar, and a sentiment tool showing how traders are positioned. TMGM goes further by offering forex news from top-tier outlets (for example, Bloomberg or Reuters), plus third‑party tools from Trading Central and Acuity Trading. IFC Markets does not include those extras. Neither broker provides Autochartist or TipRanks.
In independent testing, both TMGM and IFC Markets earn 3.5 out of 5 stars for research. However, ForexBrokers.com ranks IFC Markets higher (#41 of 63) than TMGM (#54 of 63). If you value premium news and added analysis tools, TMGM’s package is more feature‑packed; if you’re fine with the essentials—commentary, calendar, and sentiment—IFC Markets delivers that without the add‑ons.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing forex and CFD education at TMGM versus IFC Markets, both earn 3.5 out of 5 stars for Education from ForexBrokers.com, though IFC Markets ranks higher overall (#30 of 63) than TMGM (#54 of 63). The dataset does not confirm whether either broker provides at least 10 total forex/CFD learning pieces (such as articles, videos, or archived webinars).
In terms of learning formats, neither broker hosts monthly educational webinars. IFC Markets stands out for video tutorials, offering at least 10 beginner-focused videos plus at least 10 advanced videos for growing your skills. TMGM does not meet those video thresholds. If you want a clear video path from beginner basics to advanced topics, IFC Markets is the stronger choice; if monthly webinars matter, neither broker will satisfy that preference.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
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 IFC Markets. TMGM finished with an overall rank of #37, while IFC Markets finished with an overall rank of #45.
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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IFC Markets
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|---|---|---|
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| Trust Score | 83 | 73 |
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TMGM vs IFC Markets: neither broker lets you buy actual delivered cryptocurrencies, but both provide the ability to trade cryptocurrency CFDs.
TMGM vs IFC Markets: both do not offer ACH or SEPA transfers; IFC Markets does not support PayPal or Skrill while TMGM’s availability for these is not disclosed; Visa/Mastercard support is not disclosed for both brokers; IFC Markets supports bank wire transfers, whereas TMGM’s bank wire availability is not disclosed.
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 | IFC Markets | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | IFC Markets | |
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| Regulation | TMGM | IFC Markets | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2013 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | ||
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | IFC Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | No |
| Tier-2 Licenses (Trusted) | TMGM | IFC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | TMGM | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 630 | |
| Forex Pairs (Total) | 62 | 49 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| 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). |
| Cost | TMGM | IFC Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.44 | |
| All-in Cost EUR/USD - Active | N/A | 1.1 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | TMGM | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $1 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | TMGM | IFC Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | TMGM | IFC Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | IFC Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | TMGM | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | IFC Markets | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | TMGM | IFC Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | TMGM Review |
| Overall | TMGM | IFC Markets | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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