Written by ForexBrokers.com
In this head to head comparison of IG vs TMGM, 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.
IG and TMGM are two prominent online brokers distinguished by their regulatory standings and trustworthiness. Established in 1974, IG is a well-established entity and is publicly traded, which adds to its credibility. It also functions as a bank, further cementing its solid foundation. With a ForexBrokers.com Trust Score of 99, IG is considered highly trustworthy, holding 8 Tier-1 licenses and 2 Tier-2 licenses. These credentials underline IG's secure and reliable environment for traders.
In contrast, TMGM, founded in 2013, is a newer player in the online brokerage market. Unlike IG, TMGM is not publicly traded and does not operate as a bank. It holds a Trust Score of 83 from ForexBrokers.com, considering it trustworthy but trailing behind IG in terms of credibility. TMGM secures 2 Tier-1 licenses but lacks Tier-2 licenses, indicating a focus on core trust aspects yet offering fewer assurances than IG. Potential traders can weigh these differences in regulatory strength and institutional credibility when choosing their platform.
| Feature |
IG
|
TMGM
|
|---|---|---|
| Year Founded | 1974 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
IG earns 5/5 stars for commissions and fees and ranks #8 of 63 brokers at ForexBrokers.com, while TMGM earns 4/5 stars and ranks #37. IG is the more transparent choice for active traders, with published average spreads, volume-based discounts, and a direct market access (DMA) option. TMGM can be cost-effective—especially on its Edge account—but it does not publish recent average spread data for EUR/USD, which makes precise, like-for-like cost comparisons difficult.
IG pricing: On the standard CFD account, typical EUR/USD spreads averaged 0.69 pips during the main trading session in July 2023, 0.98 pips across all sessions, and about 1.03 pips during off-peak hours; IG US averaged 1.18 pips that month. For high-volume traders who qualify, IG’s tiered rebates can cut spreads by 10%–20% (over £50M–£300M monthly volume), bringing effective costs on EUR/USD down to roughly 0.60 pips. IG’s Forex Direct (DMA) account averaged about 0.62 pips in July 2023; once you add commissions, the typical all-in cost is around 0.82 pips, depending on your tier (base $60 per million; very high volume as low as $10 per million per side).
TMGM pricing: Costs depend on the account you choose. The Classic account is spread-only, while the Edge account charges a $3.50 commission per side ($7 round turn) plus low prevailing spreads. Because TMGM does not publish recent average spread data for EUR/USD, estimating real-world costs is harder than with IG. Note: swap-free (Islamic) accounts are available only on the Edge account. Overall, IG’s clearer pricing and deeper discounts suit high-volume traders, while TMGM’s Edge account offers a simple, low-commission path—just with less disclosed spread data.
| Feature |
IG
|
TMGM
|
|---|---|---|
| Minimum Deposit | £250.00 | $100 |
| Average spread (EUR/USD) - Standard account | 0.98 | N/A |
| All-in Cost EUR/USD - Active | 0.82 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IG offers a wider range of markets than TMGM, with 19,537 tradable symbols versus 12,000 at TMGM. For currency traders, IG lists 97 forex pairs compared with 62 at TMGM. Both brokers support forex trading through CFDs and spot contracts, giving traders flexibility in how they access the market.
In share dealing, IG stands out by allowing clients to buy exchange-traded securities on both U.S. and international exchanges, while TMGM does not offer direct share ownership. In crypto, IG lets you buy actual crypto as well as trade crypto CFDs; TMGM offers crypto only as CFDs. TMGM does provide copy trading, whereas IG does not. Reflecting this breadth, IG earns 5 out of 5 stars for Range of Investments and ranks 4th out of 63 brokers; TMGM scores 4.5 out of 5 stars and ranks 18th.
| Feature |
IG
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 12000 |
| Forex Pairs (Total) | 97 | 62 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | Yes | 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.
IG and TMGM both offer free demo (paper) accounts, plus web-based platforms and Windows desktop downloads. IG includes a proprietary, in-house platform alongside MetaTrader 4 (MT4), while TMGM focuses on MetaTrader, offering both MT4 and MetaTrader 5 (MT5). Both brokers let you place trades directly from charts and manage watchlists. For social features, TMGM supports copy trading; IG does not.
For platform quality and tools, IG earns 5 stars and ranks #2 out of 63 brokers at ForexBrokers.com, whereas TMGM holds 4 stars and ranks #49. In short: choose IG if you want a well-designed in-house platform with MT4 access and convenient chart trading, or pick TMGM if you need MT5 and copy trading in addition to MT4.
| Feature |
IG
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 33 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both IG and TMGM offer mobile trading apps for iPhone and Android, and each supports price alerts. IG stands out with watchlist syncing between the mobile app and your online account, while TMGM does not sync watchlists. For charting, IG includes 33 technical studies versus 30 on TMGM. Both apps let you draw trendlines and automatically save your chart drawings.
In independent reviews from ForexBrokers.com, IG earns 5 stars and ranks #1 out of 63 brokers for Mobile Trading Apps, while TMGM receives 4 stars and ranks #48. If you value seamless watchlist syncing and a slightly broader set of indicators, IG is the stronger choice. TMGM covers the essentials and may suit traders who don’t need syncing across devices.
| Feature |
IG
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 33 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing online brokers IG and TMGM for market research, both deliver daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), an economic calendar, and sentiment tools that show long vs. short positioning. Each also integrates research from Acuity Trading, such as Signal Centre, giving traders actionable ideas alongside news and calendar data.
The key differences are in third‑party tools: IG includes Autochartist and TipRanks, while TMGM does not; TMGM offers Trading Central, which IG does not. These choices are reflected in independent ratings—IG earns 5 stars for Research and ranks #2 out of 63 brokers at ForexBrokers.com, whereas TMGM is rated 3.5 stars and ranks #54. If you want broader research add‑ons and higher‑rated analysis, IG stands out; if you specifically prefer Trading Central, TMGM fits that need.
| Feature |
IG
|
TMGM
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | Yes | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing IG vs TMGM on education, IG clearly leads. IG offers a well-stocked learning hub for forex and CFD traders, runs client webinars at least once a month, and provides 10+ beginner videos along with 10+ advanced videos for when you’re ready to go deeper. These strengths helped IG earn a 5-star Education rating and the #1 Education ranking out of 63 brokers on ForexBrokers.com.
TMGM’s education is more limited for newcomers. It does not host monthly client webinars and it lacks a library of 10 or more beginner or advanced videos. TMGM holds a 3.5-star Education rating and ranks #54 out of 63 brokers for Education. If you want guided learning with frequent webinars and plenty of videos, IG is the clearer choice; if you only need light educational content, TMGM may suffice.
| Feature |
IG
|
TMGM
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IG is better than TMGM. IG finished with an overall rank of #1, while TMGM finished with an overall rank of #37.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
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TMGM
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|---|---|---|
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| Trust Score | 99 | 83 |
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In the IG vs TMGM online broker comparison for crypto trading, IG lets you buy actual (delivered) cryptocurrencies and trade cryptocurrency CFDs, whereas TMGM does not support buying real crypto and only offers cryptocurrency CFDs.
IG vs TMGM: IG supports ACH/SEPA, PayPal, and bank wire deposits/withdrawals (does not support Skrill; Visa/Mastercard not specified), while TMGM does not support ACH/SEPA and has not specified whether it supports PayPal, Skrill, Visa/Mastercard, or bank wires.
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 | IG | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | IG Review | TMGM Review |
| Broker Screenshots | IG | TMGM | |
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| Regulation | IG | TMGM | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1974 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 8 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | IG | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IG | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | IG | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 12000 | |
| Forex Pairs (Total) | 97 | 62 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | Yes | 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 | IG | TMGM | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | 0.82 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IG | TMGM | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | IG | TMGM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | IG | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 33 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 33 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IG | TMGM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IG | TMGM | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | IG | TMGM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | IG Review | TMGM Review |
| Overall | IG | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | IG Review | TMGM Review |
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