Written by ForexBrokers.com
In this head to head comparison of TMGM vs IronFX, 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 IronFX, both established players in the online brokerage sector, share many similarities yet have distinct characteristics worth noting. TMGM was founded in 2013, while IronFX began operations in 2010. Neither broker is publicly traded or operates as a bank, which can be a consideration for investors seeking more transparency typically associated with listed companies or banking institutions. Both brokers hold a Trust Score of 83 out of 99 from ForexBrokers.com, indicating a trusted status in the industry.
In terms of regulatory oversight, TMGM holds two Tier-1 licenses, reflecting a high level of trust. IronFX, on the other hand, holds three Tier-1 licenses, suggesting slightly stronger regulatory backing. Neither firm holds any Tier-2 licenses, which are also regarded as trusted by ForexBrokers.com. While both brokers provide a trusted trading environment, IronFX edges out with an additional Tier-1 license, potentially offering an extra layer of regulatory assurance to its clients.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Year Founded | 2013 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Comparing commissions and fees, TMGM is geared toward low spreads with a commission-based option, while IronFX’s pricing tends to run higher than the industry average. Both receive 4 out of 5 stars for commissions and fees, yet TMGM ranks higher (#37 of 63) than IronFX (#47 of 63) in ForexBrokers.com’s category results.
TMGM offers two account types: a spread-only Classic account and the Edge account, which charges a small $3.50 per side ($7 round trip) commission alongside typically low spreads and no requotes. Islamic (swap-free) trading is available only on the Edge account. A drawback is that recent average spread data for the EUR/USD was not available, limiting transparency for cost comparisons. TMGM commissions and fees rating: 4/5 stars; ranking: #37 of 63.
IronFX lists a typical spread of 1.8 pips on its Standard variable account (no date range provided), and pricing appears higher than average. Its zero fixed-spread account starts at 0 pips but carries an $18 per lot commission, with spreads widened to 3 pips overnight. IronFX commissions and fees rating: 4/5 stars; ranking: #47 of 63.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
TMGM and IronFX both offer forex trading (via CFDs/spot), along with copy trading. TMGM stands out for overall market access, with about 12,000 tradeable symbols versus IronFX’s 340. If your focus is currencies, IronFX lists more forex pairs (83) than TMGM (62). Neither broker offers direct, exchange-traded U.S. or international shares (non-CFDs), so you can’t buy stocks like Apple or Vodafone outright through either platform.
For crypto, both brokers let you trade cryptocurrency derivatives but don’t support buying actual coins. Based on ForexBrokers.com’s Range of Investments ratings, TMGM scores 4.5/5 stars (ranked #18 of 63), while IronFX scores 3.5/5 stars (ranked #52). In short, TMGM suits traders who want a wider mix of markets, whereas IronFX can appeal to forex-focused traders who prioritize a larger selection of currency pairs.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 340 |
| Forex Pairs (Total) | 62 | 83 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| 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). | 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 online brokers TMGM vs IronFX for trading platforms and tools: both offer free demo (paper) accounts, copy trading, and MetaTrader 4 (MT4). Only TMGM adds MetaTrader 5 (MT5), which can matter if you want newer features and expanded instruments. Neither broker has a proprietary platform. Both provide a Windows desktop download and a web-based platform, let you place trades directly from charts, include 15 chart drawing tools, and offer watchlists with seven columns. DupliTrade and ZuluTrade are not available at either broker.
For overall platform and tools quality, TMGM is rated 4 stars and ranks #49 out of 63 brokers at ForexBrokers.com, while IronFX is rated 3.5 stars and ranks #62. If you want MT5 and a slightly higher tools score, TMGM has the edge; if MT4 meets your needs, both brokers deliver a similar, straightforward platform lineup.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| 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 vs IronFX mobile trading apps: both provide iPhone and Android apps with stock and forex price alerts, real-time quote watchlists, and 30 technical studies for charting. You can draw trendlines, switch among intraday, daily, and weekly time frames, and your chart drawings auto-save. One notable gap for both: watchlist symbols do not sync between the mobile app and your online account.
Where they differ is in quality scores. TMGM is rated 4 stars and ranks #48 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com. IronFX is rated 3.5 stars and ranks #63. Since features are largely the same, TMGM holds a slight edge based on independent ratings. If syncing watchlists is essential, though, neither app currently offers it.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| 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.
Comparing TMGM vs. IronFX for market research: both brokers deliver daily market commentary, stream forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, and provide an economic calendar. Each offers Trading Central tools, while neither includes Autochartist. TMGM adds a sentiment tool that shows the long/short ratio across instruments, which IronFX does not offer. TMGM also includes Acuity Trading (e.g., Signal Centre) and does not use TipRanks; for IronFX, the availability of TipRanks and Acuity Trading isn’t specified in the provided information.
On ratings, TMGM earns 3.5 out of 5 stars and ranks #54 of 63 brokers for Research at ForexBrokers.com, while IronFX scores 4 out of 5 stars and ranks #29. In short, IronFX carries a higher overall research score, whereas TMGM may appeal if you want built-in sentiment data plus Acuity Trading alongside Trading Central and premium news.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, IronFX appears to have a more comprehensive offering compared to TMGM. IronFX provides a wealth of educational materials, including more than 10 pieces focused on forex or CFDs, and at least 10 educational videos specifically designed for beginners. In addition to these resources, IronFX also offers a searchable archive of past webinars and a detailed investor dictionary with over 50 investing terms, ensuring that new traders have ample learning tools at their disposal. TMGM, while also having a searchable archive of webinars and a rich investor dictionary, falls short in providing beginner-centric content. Unlike IronFX, TMGM does not offer a substantial number of educational pieces or beginner-focused videos.
In terms of education ratings, IronFX scores a solid 4 stars, placing it 44th out of 63 brokers on ForexBrokers.com's list for education. TMGM, on the other hand, receives 3.5 stars and ranks 54th. Both brokers do not provide monthly online webinars, which might be a consideration for those who prefer live educational sessions. Overall, if you're a beginner looking for a broker with an extensive array of learning resources, IronFX could be the better choice, providing a slightly more rounded educational experience.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| 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 IronFX. TMGM finished with an overall rank of #37, while IronFX finished with an overall rank of #48.
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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IronFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 83 |
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Neither TMGM nor IronFX allows the purchase of actual, delivered cryptocurrency, but both platforms offer the ability to trade cryptocurrency derivatives.
When comparing online brokers TMGM and IronFX, neither offers ACH or SEPA transfers for account transactions, but TMGM provides more flexibility with PayPal, while both platforms support deposits and withdrawals via Skrill, Visa or Mastercard, and 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 | TMGM | IronFX | |
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| Trust Score | 83 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | IronFX | |
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| Broker Gallery (click to expand) |
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| Regulation | TMGM | IronFX | |
|---|---|---|---|
| Trust Score | 83 | 83 | |
| Year Founded | 2013 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | TMGM | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 340 | |
| Forex Pairs (Total) | 62 | 83 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| 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). | 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 | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | IronFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | TMGM | IronFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| 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 | IronFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Trust Score | 83 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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