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Home ‣ Compare ‣ IG vs TMGM 2025

IG vs TMGM 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

IG
5/5 Stars Overall
  • Minimum Deposit: £250.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 19537
TMGM
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 83
  • Tradeable Symbols (Total): 12000

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.

Regulation

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 logoIG
TMGM logoTMGM
Year Founded info 1974 2013
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 8 2
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

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 logoIG
TMGM logoTMGM
Minimum Deposit info £250.00 $100
Average Spread EUR/USD - Standard info 0.98 info N/A info
All-in Cost EUR/USD - Active info 0.82 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

IG and TMGM both let you trade forex, either as CFDs or spot. IG lists 19,537 tradeable symbols and 97 forex pairs, while TMGM offers 12,000 symbols with 62 pairs. IG also lets clients buy exchange-traded shares directly on U.S. and international exchanges (for example, Apple on NASDAQ and Vodafone in London), whereas TMGM does not offer direct share dealing. For crypto, IG supports both actual coins and crypto derivatives; TMGM offers crypto derivatives only. Copy trading is available at TMGM but not at IG.

For range of investments, IG stands out, earning 5 stars and ranking #4 out of 63 brokers at ForexBrokers.com; TMGM scores 4.5 stars and ranks #18. Choose IG if you want the widest set of markets and access to real shares and cryptocurrencies. Pick TMGM if copy trading is a priority and 62 forex pairs plus 12,000 symbols cover your needs.

Feature IG logoIG
TMGM logoTMGM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 19537 12000
Forex Pairs (Total) info 97 62
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info Yes info No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

Comparing IG vs TMGM for trading platforms and tools: both offer free demo (paper) accounts, web and Windows desktop platforms, and trading directly from charts. IG adds a proprietary, in‑house platform and supports MetaTrader 4 (MT4), but not MetaTrader 5 (MT5). TMGM does not have its own platform, but it supports both MT4 and MT5 and offers copy trading. Neither broker supports DupliTrade or ZuluTrade.

For charting, IG lists 20 drawing tools versus 15 at TMGM (indicator counts aren’t specified). Watchlists are more detailed at TMGM (7 columns) compared with IG (5 columns). In independent reviews, IG earns 5 stars and ranks #2 out of 63 for Trading Platforms & Tools, while TMGM earns 4 stars and ranks #49. In short, choose IG if you want a quality in‑house platform and strong built‑in tools, or go with TMGM if MT5 and copy trading are must‑haves.

Feature IG logoIG
TMGM logoTMGM
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 33 30
Charting - Drawing Tools (Total) info 20 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 5 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Choosing between IG and TMGM for trading on the go? Both brokers offer iPhone and Android apps with price alerts, real-time watchlists, and flexible charting. You can draw trendlines, switch between intraday, daily, and weekly views, and your drawings save automatically in each app.

The key differences show up in syncing and depth. IG syncs your watchlist between mobile and web, while TMGM does not. IG also includes 33 technical indicators (studies) versus TMGM’s 30. That edge is reflected in the ratings: IG’s mobile app earns 5 stars and ranks #1 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, compared with TMGM’s 4 stars and #48 ranking. If synced watchlists and a few extra indicators matter to you, IG is the stronger pick; otherwise, TMGM still covers the core tools traders expect.

Feature IG logoIG
TMGM logoTMGM
Android App info Yes info Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 33 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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 logoIG
TMGM logoTMGM
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info Yes No
Signal Centre (Acuity Trading) info Yes Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners in forex and CFDs, IG outshines TMGM. IG offers a comprehensive range of materials, including over 10 beginner educational videos and an accessible dictionary with more than 50 investing terms. Beginners can also benefit from IG's regular monthly webinars, along with a convenient archive of previously recorded sessions. In contrast, TMGM does not provide the same depth of beginner-focused videos or regular webinars, though it does maintain an archive of past webinars and includes a dictionary of investing terms.

IG's commitment to education is reflected in its top-tier rating of 5 stars for educational resources and its #1 ranking out of 63 brokers on ForexBrokers.com. Its rich array of beginner and advanced materials helps nurture traders at all levels. TMGM, while providing some useful tools, such as a searchable archive of webinars and a dictionary, receives a 3.5-star rating and lands at #54 in the education category. This comparison highlights IG as the more comprehensive choice, especially for those just starting their trading journey.

Feature IG logoIG
TMGM logoTMGM
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoIG
TMGM logoTMGM
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 83
Range of Investments 5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with IG or TMGM?

IG allows users to buy actual, delivered cryptocurrency and also offers cryptocurrency derivatives, while TMGM only provides the option to trade cryptocurrency derivatives.

What funding options does each broker offer?

When comparing online brokers IG and TMGM, IG supports more flexible funding options with ACH/SEPA transfers, PayPal, Visa/Mastercard, and bank wires, while TMGM offers PayPal, Skrill, Visa/Mastercard, and bank wires, but lacks ACH/SEPA transfer capability.

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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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Overall Rating IG TMGM
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Trust Score info 99 83
Winner check_circle
Review IG Review TMGM Review
Broker Screenshots IG TMGM
Broker Gallery (click to expand) info
IG trading mobile app charting IG web platform dark mode IG research special research reports IG educational academy course detail
TMGM MetaTrader 5 MT5 mobile app charts. TMGM client dashboard login TMGM Research Acuity Trading Signal Centre trading signals detail. TMGM learning center academy educational beginner courses progress tracking
Regulation IG TMGM
Trust Score info 99 83
Year Founded info 1974 2013
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 8 2
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) IG TMGM
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info Yes Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) IG TMGM
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments IG TMGM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 19537 12000
Forex Pairs (Total) info 97 62
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info Yes info No
Cryptocurrency (Derivative) info 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 info 0.98 info N/A info
All-in Cost EUR/USD - Active info 0.82 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes Yes
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding IG TMGM
Minimum Deposit info £250.00 $100
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms IG TMGM
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools IG TMGM
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 5 7
Charting - Indicators / Studies (Total) info 33 30
Charting - Drawing Tools (Total) info 20 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IG TMGM
Android App info Yes info Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 33 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research IG TMGM
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No Yes
TipRanks info Yes No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education IG TMGM
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs IG TMGM
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review IG Review TMGM Review
Overall IG TMGM
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Trust Score info 99 83
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Review IG Review TMGM Review
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