Written by ForexBrokers.com
In this head to head comparison of TMGM vs iFOREX, 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 iFOREX are both established online brokers, with TMGM founded in 2013 and iFOREX in 1996. Neither company is publicly listed on a stock exchange, nor are they banks, which means they operate strictly within their brokerage capacities. When it comes to regulatory standing, TMGM holds two Tier-1 licenses, signaling a higher level of credibility, compared to iFOREX, which holds one Tier-1 license. This distinction in licensing can be a vital factor for traders prioritizing regulatory oversight.
In terms of trust scores as assessed by ForexBrokers.com, TMGM receives a score of 83 out of 99, placing it in the 'trusted' category, whereas iFOREX scores 75, indicating an 'average risk' level. These scores reflect how the brokers are perceived in terms of reliability and customer security. The differences in their trust scores and regulatory licenses could influence a trader's choice, aligned with their preferences for safety and oversight.
| Feature |
TMGM
|
iFOREX
|
|---|---|---|
| Year Founded | 2013 | 1996 |
| 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 is rated 4 out of 5 stars and ranks #37 out of 63 brokers in ForexBrokers.com’s Commissions and Fees category, while iFOREX is rated 3 out of 5 stars and ranks #62 out of 63. This indicates stronger overall pricing competitiveness for TMGM versus iFOREX based on that methodology.
TMGM offers two pricing setups: the Classic account (spread-only) and the Edge account (commission-based). The Edge account charges $3.50 per side ($7 round trip) on top of low prevailing spreads, and orders are filled with no requotes. However, TMGM does not currently publish recent average spread data for EUR/USD, which makes precise cost comparisons harder. Islamic traders who need a swap-free account must choose the Edge option, as the Classic account does not offer an interest-free setup.
For iFOREX, average spread data is also not available. Without published averages—especially for pairs like EUR/USD—it’s difficult to gauge total trading costs or compare spreads against a clear commission model. If transparent pricing is a priority, TMGM’s disclosed commission on the Edge account provides a straightforward baseline, while iFOREX users should verify typical spreads, swaps, and any other fees before trading.
| Feature |
TMGM
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
TMGM and iFOREX both support forex trading via CFDs or spot. TMGM offers a much larger overall menu with about 12,000 tradable symbols, while iFOREX lists around 750. When it comes to currency pairs, iFOREX actually has the edge with 88 forex pairs versus TMGM’s 62, so dedicated forex traders may appreciate iFOREX’s pair coverage even though TMGM delivers far more total markets.
Neither broker provides access to exchange-traded stocks on U.S. or international exchanges. Both offer cryptocurrency exposure through CFDs (not actual coins). TMGM includes copy trading, whereas iFOREX does not. Reflecting these differences, TMGM earns 4.5/5 stars and ranks 18th out of 63 brokers for Range of Investments on ForexBrokers.com, compared with iFOREX at 3.5/5 stars and 42nd out of 63. If you want the widest overall selection and copy trading, TMGM stands out; if you mainly want a larger list of forex pairs, iFOREX has the slight advantage there.
| Feature |
TMGM
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 750 |
| Forex Pairs (Total) | 62 | 88 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| 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). | 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.
Comparing TMGM and iFOREX on trading platforms and tools, TMGM stands out if you want a free demo account, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), copy trading, and a Windows desktop download platform. TMGM also offers a web-based platform and lets you place trades directly from charts. iFOREX, by contrast, does not provide a demo account, MT4, MT5, or copy trading, but it does offer a proprietary in-house platform and a web-based platform, and it supports trading from charts. Counts for technical indicators and watch list columns were not specified for either broker.
Both brokers earned 4 stars for Trading Platforms and Tools. In category rankings out of 63 brokers, TMGM placed #49, while iFOREX placed #55. In short, TMGM is better suited to traders who want MetaTrader access, copy trading, and a desktop app, whereas iFOREX may appeal if you prefer a broker’s own platform and a simple browser experience.
| Feature |
TMGM
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM and iFOREX both offer mobile trading apps for iPhone and Android. Each holds a 4 out of 5 star rating for mobile trading, but ForexBrokers.com places TMGM higher in its category rankings (#48 of 63) than iFOREX (#56 of 63), giving TMGM a slight edge overall.
When it comes to tools, TMGM’s app is more feature-rich: it supports price alerts, includes around 30 technical studies for charts, lets you draw trendlines, and automatically saves your chart drawings. iFOREX does not offer price alerts, trendline drawing, or auto-saving of drawings, and its number of technical studies is not specified. Note that neither broker syncs watchlists between the mobile app and the online account.
| Feature |
TMGM
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
TMGM and iFOREX both deliver daily market commentary, Trading Central analysis, a sentiment tool showing long/short ratios, and an economic calendar. Each earns 3.5 out of 5 stars for research on ForexBrokers.com, though iFOREX ranks slightly higher at #49 out of 63 brokers, compared with TMGM at #54.
The key difference is news coverage: TMGM streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, while iFOREX does not. Neither broker offers Autochartist. TMGM includes tools from Acuity Trading (such as Signal Centre) and does not provide TipRanks; for iFOREX, the availability of TipRanks or Acuity Trading was not specified. If premium news feeds matter to you, TMGM stands out; if you prioritize the comparative ranking, iFOREX has a slight edge.
| Feature |
TMGM
|
iFOREX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing TMGM and iFOREX, the standout difference is video content. iFOREX offers at least 10 beginner-focused trading videos, while TMGM does not meet that mark. Neither broker runs monthly client webinars, and neither provides 10 or more advanced trading videos. On ForexBrokers.com, both brands earn the same Education score of 3.5 out of 5, with iFOREX ranked slightly higher at #53 and TMGM at #54 out of 63 brokers.
If you prefer to learn through structured beginner videos, iFOREX is the more appealing choice. If live classes are important to you, note that neither brand schedules monthly webinars, so you may need to look elsewhere for real-time instruction. In short: both brokers receive similar education ratings overall, but iFOREX has an edge for newcomers who want a larger library of beginner video lessons on forex and CFDs.
| Feature |
TMGM
|
iFOREX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | 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 iFOREX. TMGM finished with an overall rank of #37, while iFOREX finished with an overall rank of #52.
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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iFOREX
|
|---|---|---|
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| Trust Score | 83 | 75 |
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TMGM vs iFOREX: neither broker lets you buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFDs for trading.
TMGM vs iFOREX funding comparison: neither broker supports ACH or SEPA transfers, and availability for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | iFOREX | |
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| Trust Score | 83 | 75 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | iFOREX | |
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| Broker Gallery (click to expand) |
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| Regulation | TMGM | iFOREX | |
|---|---|---|---|
| Trust Score | 83 | 75 | |
| Year Founded | 2013 | 1996 | |
| 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 | iFOREX | |
|---|---|---|---|
| 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | TMGM | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 750 | |
| Forex Pairs (Total) | 62 | 88 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| 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). | 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 | iFOREX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | TMGM | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | TMGM | iFOREX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | TMGM | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | TMGM | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | TMGM | iFOREX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | iFOREX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | TMGM | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 83 | 75 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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