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 | 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.
Comparing TMGM and IFC Markets by range of investments, both brokers support forex trading as CFDs or spot contracts, and both offer copy trading. TMGM stands out for breadth: it lists 12,000 tradeable symbols versus 630 at IFC Markets, and 62 forex pairs compared with IFC Markets’ 49. For crypto, neither broker lets you buy actual coins, but both provide cryptocurrency derivatives.
When it comes to exchange-traded securities (not CFDs), neither broker offers access to U.S. exchanges; IFC Markets does provide access to some international exchanges, while TMGM does not. Reflecting their overall product depth, TMGM earns 4.5 out of 5 stars and ranks #18 of 63 brokers for Range of Investments at ForexBrokers.com, while IFC Markets scores 3.5 stars and ranks #44.
| 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.
TMGM and IFC Markets both check the key boxes for everyday traders: free demo (paper) accounts, Windows desktop and web-based platforms, and support for MetaTrader 4 and MetaTrader 5. IFC Markets also offers its own in-house platform, while TMGM sticks to third-party options. Both brokers include copy trading and let you place trades directly from charts. For charting, each lists 15 drawing tools and 7 watch list columns; the number of technical indicators isn’t specified for either.
On quality, both earn 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s 63-broker lineup, IFC Markets ranks #37 while TMGM ranks #49. If you want an extra platform choice beyond MetaTrader, IFC Markets has the edge. If MetaTrader is all you need, TMGM offers similar charting, watch list fields, and trading-from-chart features, plus the same access to a demo account and copy trading.
| 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.
TMGM and IFC Markets both deliver capable mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, 30 built-in technical indicators, drawing tools like trendlines, and multiple chart time frames; drawings are saved automatically so your annotations persist. In short, whether you trade forex or CFDs, both TMGM and IFC Markets cover the core features traders expect on the go.
The key difference is watchlist syncing: IFC Markets syncs your watchlists between the mobile app and your online account, while TMGM does not. Ratings are tied at 4 stars for Mobile Trading Apps, but TMGM holds a slightly better placement in ForexBrokers.com’s rankings (#48 of 63) compared with IFC Markets (#53 of 63). If cross-device watchlist syncing is important, IFC Markets has the edge; if not, both apps offer similar charting and alert tools for everyday trading.
| 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.
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 | 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
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|---|---|---|
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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 |
| 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/Central Bank 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. 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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