Interactive Brokers vs TMGM 2025

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

Interactive Brokers and TMGM are both notable online brokers, but they differ significantly in terms of regulatory trust and history. Founded in 1977, Interactive Brokers has a strong reputation, backed by a perfect Trust Score of 99 from ForexBrokers.com. This high rating reflects its possession of nine Tier-1 licenses, indicating a high level of trust. Interactive Brokers is publicly traded, which often adds an additional layer of transparency for investors. Despite its long-standing presence in the market, it is not categorized as a bank.

On the other hand, TMGM, established in 2013, holds a Trust Score of 83, signifying a trusted status, though not on par with Interactive Brokers. TMGM maintains two Tier-1 licenses, contributing to its reliability but lacks Tier-2 licenses. Unlike Interactive Brokers, TMGM is privately held and not publicly traded. Similar to Interactive Brokers, TMGM is not considered a bank. Overall, while TMGM is seen as a trusted broker, Interactive Brokers stands out with higher regulatory credentials and more investor transparency.

Feature	Interactive Brokers	TMGM
Year Founded info	1977	2013
Publicly Traded (Listed) info	Yes	No
Bank info	No	No
Tier-1 Licenses info	9	2
Tier-2 Licenses info	2	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	2

Fees

Interactive Brokers vs TMGM on commissions and fees: Interactive Brokers earns 5/5 stars and ranks #2 of 63 for Commissions and Fees, while TMGM scores 4/5 stars and ranks #37. IBKR doesn’t publish average spreads, which makes perfect comparisons hard; however, in Q3 2024 we observed an average EUR/USD spread of 0.19 pips, or roughly 0.59 pips all-in after commission. TMGM also doesn’t provide recent average EUR/USD spread data, limiting direct side-by-side cost analysis.

Interactive Brokers charges a commission instead of marking up spreads. Forex commissions start at 0.00002 (0.2 basis points) of the USD trade value per side with a $2 minimum per order ($4 round turn), comparable to $16–$40 per million round turn. On a $100,000 EUR/USD trade, that’s about 0.40 pips in commission, plus the spread; our Q3 reading put the all-in cost near 0.59 pips. Note the $2-per-side minimum makes sub-100k trades proportionally pricier. Active traders can earn lower rates and decreased minimums ($1.50, even $1 per order at very high monthly volumes), and IBKR can price large orders via RFQ. IBKR Lite and Pro support forex, but neither is commission-free.

TMGM’s pricing depends on account type: the Classic account is spread-only, while the Edge account adds a small commission of $3.50 per side ($7 round trip) to low spreads and allows swap-free (Islamic) trading, which is not offered on Classic. Without average spread data, total costs are harder to pin down. As a reference point, for a typical 100k EUR/USD trade, IBKR’s $4 round-trip commission can undercut the Edge account’s $7, but your final cost will hinge on spreads and trade size; traders dealing in smaller clips may prefer TMGM’s approach, while high-volume or larger-ticket traders may find IBKR more cost-effective.

Feature	Interactive Brokers	TMGM
Minimum Deposit info	$0	$100
Average Spread EUR/USD - Standard info	0.59 info	N/A info
All-in Cost EUR/USD - Active info	0.65 info	N/A info
Non-wire bank transfer info	Yes	No
PayPal (Deposit/Withdraw) info	No	Yes
Skrill (Deposit/Withdraw) info	No	Yes
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

Interactive Brokers and TMGM both support forex trading (CFD/spot) and offer crypto derivatives. TMGM lists more total instruments overall (about 12,000 vs 8,500 at Interactive Brokers), but Interactive Brokers provides more forex pairs (90 vs 62). TMGM also includes copy trading, while Interactive Brokers does not. Only Interactive Brokers lets you buy actual cryptocurrency, not just derivatives.

If you want real stocks, Interactive Brokers stands out: you can buy exchange-traded shares on U.S. and international markets (think Apple or Vodafone). TMGM doesn’t offer exchange-traded shares. Reflecting this coverage, Interactive Brokers earns 5 stars for Range of Investments and ranks #1 out of 63 brokers at ForexBrokers.com, while TMGM is rated 4.5 stars and ranks #18. In short, choose TMGM for a wide CFD lineup and copy trading, or pick Interactive Brokers for the broadest mix that includes real shares and actual crypto.

Feature	Interactive Brokers	TMGM
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	8500	12000
Forex Pairs (Total) info	90	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 (Underlying) info	Yes	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

Interactive Brokers and TMGM both let you practice with a free paper trading demo and support trading on Windows desktop as well as in your web browser. Each broker also lets you place orders directly from charts. A key difference is platform choice: Interactive Brokers offers its own in-house platform, while TMGM uses third-party platforms.

Feature-wise, Interactive Brokers does not support copy trading or MetaTrader, while TMGM offers copy trading plus MetaTrader 4 and MetaTrader 5. Based on ForexBrokers.com, Interactive Brokers earns 5 stars for Trading Platforms and Tools and ranks #3 out of 63 brokers; TMGM earns 4 stars and ranks #49. Choose Interactive Brokers if you want an in-house platform and top-rated tools, or pick TMGM if you prefer MetaTrader and built-in copy trading.

Feature	Interactive Brokers	TMGM
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading 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	No	Yes
MetaTrader 5 (MT5) info	No	Yes
Charting - Indicators / Studies (Total) info	155	30
Charting - Trade From Chart info	Yes	Yes

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

Forex trading apps

Interactive Brokers and TMGM both offer full-featured mobile trading apps for iPhone and Android, with price alerts and real-time watchlists available on each. A key difference is watchlist syncing: Interactive Brokers syncs your symbols between the mobile app and your online account, while TMGM does not. In independent testing by ForexBrokers.com, Interactive Brokers earned 5 stars and ranked #4 out of 63 brokers for Mobile Trading Apps, whereas TMGM received 4 stars and ranked #48.

For charting on the go, Interactive Brokers packs in 97 technical studies versus TMGM’s 30. Both apps let you draw trendlines, but only TMGM auto-saves your drawings; Interactive Brokers does not. Choose Interactive Brokers if you want deeper chart tools and seamless watchlist syncing across devices, or pick TMGM if auto-saving your chart annotations is a priority.

Feature	Interactive Brokers	TMGM
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	97	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	No	Yes
Mobile Watchlist info	Yes	Yes

Dive deeper: Best Forex Trading Apps.

Market research

Interactive Brokers and TMGM both deliver daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. Each broker offers Trading Central analytics and Acuity Trading tools (e.g., Signal Centre), a sentiment tool that shows long/short positioning, and an economic calendar. Neither broker includes Autochartist.

The key difference is that Interactive Brokers adds TipRanks research, which TMGM does not. Reflecting this, ForexBrokers.com rates Interactive Brokers 5 stars for Research and ranks it 3rd out of 63 brokers, while TMGM holds 3.5 stars and ranks 54th. If TipRanks insights and higher-rated research matter to you, Interactive Brokers has the edge; if you mainly need core news, calendars, and common analytics, both brokers cover those bases.

Feature	Interactive Brokers	TMGM
Daily Market Commentary info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	No
Trading Central (Recognia) info	Yes	Yes
Client sentiment data 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

For beginner traders comparing education at Interactive Brokers and TMGM, Interactive Brokers comes out ahead. It earns 5 stars for Education and ranks #3 out of 63 brokers at ForexBrokers.com, while TMGM holds 3.5 stars and ranks #54. Interactive Brokers also runs client education webinars at least once a month and offers 10+ beginner videos along with 10+ advanced videos, giving newcomers clear, step-by-step material as they progress. TMGM does not host monthly educational webinars and does not meet the 10-video threshold for beginner or advanced topics.

Details weren’t specified about whether either broker provides a dedicated forex and CFD education library with 10+ pieces, a searchable archive of past webinars, or an investor dictionary with 50+ terms. Based on what’s confirmed, beginners who want frequent webinars and plenty of video lessons may find Interactive Brokers the stronger fit, while TMGM may suit those comfortable with a lighter set of learning resources.

Feature	Interactive Brokers	TMGM
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Interactive Brokers is better than TMGM. Interactive Brokers finished with an overall rank of #2, while TMGM finished with an overall rank of #37.

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.

Feature	Interactive Brokers	TMGM
Overall Rating info
Trust Score info	99	83
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

Can you trade cryptocurrency with Interactive Brokers or TMGM?

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Overall Rating	Interactive Brokers	TMGM
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	83
Winner	check_circle
Review	Interactive Brokers Review	TMGM Review

Broker Screenshots	Interactive Brokers	TMGM
Broker Gallery (click to expand) info

Regulation	Interactive Brokers	TMGM
Trust Score info	99	83
Year Founded info	1977	2013
Publicly Traded (Listed) info	Yes	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	No info
Tier-1 Licenses info	9	2
Tier-2 Licenses info	2	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	2

Tier-1 Licenses (Highly Trusted)	Interactive Brokers	TMGM
Australia (ASIC Authorised) info	Yes	Yes
Canada (CIRO Authorised) info	Yes	No
Hong Kong (SFC Authorised) info	Yes	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	No	Yes
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	No info

Tier-2 Licenses (Trusted)	Interactive Brokers	TMGM
Kenya (CMA Authorised) info
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	No
UAE (DFSA, FSRA, or SCA Authorised) info	Yes	No
India (SEBI Authorised) info	Yes	No
Jordan (JSC Authorised) info

Investments	Interactive Brokers	TMGM
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	8500	12000
Forex Pairs (Total) info	90	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 (Underlying) info	Yes	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	Interactive Brokers	TMGM
Average Spread EUR/USD - Standard info	0.59 info	N/A info
All-in Cost EUR/USD - Active info	0.65 info	N/A info
Inactivity Fee info	No	Yes
Order execution: Agency info	Yes	Yes
Order execution: Market Maker info	No	Yes

Funding	Interactive Brokers	TMGM
Minimum Deposit info	$0	$100
PayPal (Deposit/Withdraw) info	No	Yes
Skrill (Deposit/Withdraw) info	No	Yes
Bank Wire (Deposit/Withdraw) info	Yes	Yes
Non-wire bank transfer info	Yes	No

Trading Platforms	Interactive Brokers	TMGM
Proprietary Desktop Trading 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	No	Yes
MetaTrader 5 (MT5) info	No	Yes
cTrader info	No	No

Trading Tools	Interactive Brokers	TMGM
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	155	30
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	Interactive Brokers	TMGM
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlist info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	97	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	No	Yes
Mobile Research - Economic Calendar info	Yes	Yes

Research	Interactive Brokers	TMGM
Daily Market Commentary info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	No
Trading Central (Recognia) info	Yes	Yes
TipRanks info	Yes	No
Client sentiment data info	Yes	Yes
Economic Calendar info	Yes	Yes

Education	Interactive Brokers	TMGM
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	Interactive Brokers	TMGM
GBP/USD [DELETED] info
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 [DELETED] info
Review	Interactive Brokers Review	TMGM Review

Overall	Interactive Brokers	TMGM
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	83
Winner	check_circle
Review	Interactive Brokers Review	TMGM Review