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 |
When comparing TMGM and IFC Markets on their commission and fee structures, both brokers offer unique advantages. TMGM's Edge account offers a competitive commission rate of $3.50 per side, equivalent to $7 per round trip, along with low spreads that appeal to cost-sensitive traders. The broker, however, does not publish recent average spread data for EUR/USD, which limits a more detailed assessment of trading costs. Islamic finance customers preferring Sharia-compliant accounts should also choose TMGM's Edge account, as the Classic option does not offer swap-free trading.
On the other hand, IFC Markets provides an average EUR/USD spread of 1.44, slightly above the industry norm of 1.08. Active traders might find more value from IFC Markets' ECN account, which presents an effective spread of 1.1 pips after considering the commission of 0.005% on both sides of a trade. The absence of inactivity fees and the provision of active trader discounts add further appeal to their trading conditions.
Both brokers are evenly matched with a 4-star rating for commissions and fees. However, TMGM edges slightly higher in industry rankings, placed at number 36 out of 63 brokers according to ForexBrokers.com, compared to IFC Markets at number 39. This slight difference could be a deciding factor for traders prioritizing fee efficiency.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $100 | $1 |
| Average Spread EUR/USD - Standard | N/A | 1.44 |
| All-in Cost EUR/USD - Active | N/A | 1.1 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
TMGM and IFC Markets both provide traders with a wide variety of investment options, but there are some notable differences between the two. TMGM stands out with an impressive offering of 12,000 tradeable symbols and 62 forex pairs, making it a flexible choice for those seeking vast options in forex and CFD trading. Meanwhile, IFC Markets, although still competitive, offers 630 tradeable symbols and 49 forex pairs. Both platforms allow traders to engage in forex trading and cryptocurrency derivatives, but neither offers exchange-traded U.S. securities or actual cryptocurrencies.
In terms of international investments, IFC Markets allows users to buy exchange-traded securities on international exchanges, adding an appealing element for those interested in global market exposure, an option not available with TMGM. While both brokers share features such as copy trading and do not provide access to actual cryptocurrencies, TMGM’s broader range of accessible investments has earned it a higher rating of 4.5 stars for its Range of Investments and a ranking of #17 out of 63 brokers. In comparison, IFC Markets holds a 3.5-star rating and is ranked #43 by ForexBrokers.com, indicating its offerings are less extensive.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 630 |
| Forex Pairs (Total) | 62 | 49 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing online brokers TMGM and IFC Markets, both provide a range of trading platforms and tools suitable for traders. Both brokers offer simulated trading through free virtual demo accounts, allowing users to practice and hone their strategies without financial risk. TMGM stands out with its support for popular platforms like MetaTrader 4 and MetaTrader 5 and features a Windows-based desktop download and a web-based platform. Although TMGM does not offer a proprietary platform, it does allow for copy trading. IFC Markets, meanwhile, offers a proprietary trading platform alongside its support for MetaTrader 4 and MetaTrader 5, providing options for traders who favor unique features in their trading interface. Like TMGM, IFC Markets supports both desktop and web-based platforms and includes copy trading capabilities.
Both TMGM and IFC Markets have similar charting tools, each offering the ability to trade directly from stock charts and a set of 15 drawing tools. Their watch lists include seven columns, allowing traders to track essential data efficiently. Both platforms are rated four stars for Trading Platforms and Tools, highlighting their competence in this aspect. However, when it comes to industry rankings, IFC Markets takes a slight edge, placing 36th out of 63 brokers in the ForexBrokers.com rankings, while TMGM holds the 48th position. This ranking suggests that both brokers are well-regarded, with IFC Markets slightly ahead in the trading platforms and tools category.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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.
When comparing TMGM and IFC Markets for their mobile trading apps, both platforms offer apps for iPhone and Android users, as well as essential features like stock and forex price alerts. However, a key difference is that IFC Markets supports watchlist symbol syncing, allowing changes made on their mobile app to sync with the user's online account. TMGM lacks this feature, which may be a consideration for users who frequently switch between platforms.
TMGM and IFC Markets both provide 30 technical studies for charting, alongside the ability to draw trendlines and view multiple time frames. Chart drawings are auto-saved by both apps, while real-time quotes in custom watchlists add to their functionality. Despite TMGM receiving a slightly better ranking—#47 compared to IFC Markets' #52 by ForexBrokers.com—both brokers earn a satisfactory 4-star rating for their mobile apps.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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.
Both TMGM and IFC Markets provide their users with daily market commentary, which is a beneficial tool for traders who wish to stay informed about market trends. However, when it comes to sourcing news from top-tier providers like Bloomberg and Reuters, TMGM stands out as it offers forex news coverage from these eminent sources, whereas IFC Markets does not include this feature in its offerings. Additionally, while both brokers do not integrate research tools from Autochartist, TMGM provides customers access to Technical Analytics from Trading Central, a resource not available to IFC Markets users.
Another advantage of using TMGM is its integration with Acuity Trading's Signal Centre, providing exclusive analytical tools to its clientele, something IFC Markets lacks. Both platforms offer a sentiment-based trading tool and an economic calendar essential for staying updated on global economic events. Despite these differences, both brokers receive an identical 3.5-star rating for research. However, IFC Markets is ranked higher in ForexBrokers.com's Research category, securing the 40th position, while TMGM is at 53rd. This ranking suggests that IFC Markets might offer a broader scope or quality in less apparent research elements not detailed here.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| 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 educational resources for beginners, TMGM and IFC Markets offer varied options that cater to different needs. TMGM provides a searchable archive of previously recorded client webinars and a comprehensive investor dictionary with over 50 investing terms. However, it falls short in offering a dedicated volume of content specific to forex or CFDs education and does not host regular online educational client webinars. On the other hand, IFC Markets surpasses TMGM in the breadth of beginner and advanced educational videos, boasting over 10 of each aimed at novices and experienced traders alike. IFC Markets also delivers an extensive library of educational materials on forex or CFDs, making it a more appealing choice for beginners seeking thorough educational content.
While both TMGM and IFC Markets are equally rated for education at 3.5 stars out of 5, their offerings differ significantly in scope and accessibility. TMGM ranks #54 in education among 63 brokers, largely due to its limited format offerings despite having an extensive glossary. Conversely, IFC Markets, ranked #30, attracts beginners with its well-rounded approach, offering a mix of videos and articles catering to a range of experience levels. Neither platform currently offers live monthly webinars, but IFC Markets' extensive library of educational resources makes it a stronger contender for those starting their trading journey.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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Both TMGM and IFC Markets do not offer the ability to buy actual delivered cryptocurrency, but they both provide the option to purchase cryptocurrency derivatives instead.
When comparing the online brokers TMGM and IFC Markets, both lack ACH or SEPA transfer options for transactions, but TMGM provides more diverse funding options, including PayPal and Skrill, alongside Visa, Mastercard, and bank wires, whereas IFC Markets supports Visa, Mastercard, and bank wires, yet excludes PayPal and Skrill.
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 |
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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 | 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 | 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 | No |
| Tier-2 Licenses (Trusted) | TMGM | IFC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 630 | |
| Forex Pairs (Total) | 62 | 49 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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). |
| Cost | TMGM | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.44 | |
| All-in Cost EUR/USD - Active | N/A | 1.1 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $1 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | TMGM | IFC Markets | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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