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 account | N/A | 1.2 |
| 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 vs IronFX: both brokers let you trade forex as CFDs and/or spot contracts, but their product ranges differ. TMGM lists about 12,000 tradeable symbols, dwarfing IronFX’s 340. If you focus on forex pairs, IronFX actually offers more (83) than TMGM (62). Neither broker lets you buy actual exchange-traded stocks on U.S. or international markets, so you can’t directly purchase shares like Apple or Vodafone.
Both platforms support copy trading and offer cryptocurrency as CFDs, but neither lets you buy real crypto. For range of investments, TMGM scores 4.5/5 stars and ranks #18 out of 63 brokers at ForexBrokers.com, while IronFX scores 3.5/5 stars and ranks #52. Choose TMGM for a much wider overall selection of markets, or IronFX if you want a larger list of forex pairs.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 340 |
| Forex Pairs (Total) | 62 | 83 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| 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 vs IronFX for trading platforms and tools: both brokers offer a free demo (paper) trading account, plus Windows desktop and web-based platforms. Neither has a proprietary platform; instead they focus on MetaTrader. Each supports MetaTrader 4 (MT4), while only TMGM also offers MetaTrader 5 (MT5). Both provide copy trading and let you place trades directly from charts. The exact number of technical indicators and watchlist fields isn’t specified and can vary by the MetaTrader version you use.
For platform quality, TMGM is rated 4 stars and IronFX 3.5 stars. In ForexBrokers.com’s category rankings, TMGM places #49 out of 63 brokers, while IronFX sits at #62. If you want MT5 alongside MT4, TMGM is the clearer pick. If MT4 meets your needs, both brokers deliver core charting, web and desktop access, copy trading, and a free demo to practice.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM and IronFX both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, 30 built-in technical studies for charting, and the ability to draw trendlines that auto-save, making it easy to pick up where you left off. One shared limitation is watchlist symbol syncing: neither TMGM nor IronFX syncs mobile watchlists with the online account, so changes on one device won’t appear automatically on another.
When it comes to quality scores, TMGM holds a slight edge with a 4-star Mobile Trading Apps rating versus IronFX at 3.5 stars. According to ForexBrokers.com, TMGM ranks 48th out of 63 brokers for mobile apps, while IronFX sits at 63rd. In short, both apps cover the essentials—alerts, chart studies, and saved drawings—but TMGM’s higher rating may appeal to traders seeking a more polished mobile experience, while neither option will satisfy those who need watchlist syncing across platforms.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing TMGM and IronFX for beginner education, IronFX stands out for new traders who prefer video learning. It offers at least 10 beginner-focused videos that explain trading basics in plain terms, while TMGM does not meet that volume for beginners. Neither broker runs monthly educational webinars, and neither reaches the 10-video mark for advanced topics, so traders seeking live classes or deep-dive video courses may need outside resources.
According to ForexBrokers.com, IronFX earns a 4-star Education rating and ranks 44th out of 63 brokers, while TMGM holds a 3.5-star rating and ranks 54th. In short, if you value a larger beginner video library, IronFX has the edge; TMGM may suit traders who only need introductory materials and plan to supplement their learning elsewhere.
| Feature |
TMGM
|
IronFX
|
|---|---|---|
| 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 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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TMGM vs IronFX: Both online brokers do not allow purchasing actual (delivered) cryptocurrencies, but each supports trading cryptocurrency CFDs.
TMGM vs IronFX: both brokers do not support ACH or SEPA transfers for deposits or withdrawals, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire funding 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 | 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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| 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 | IronFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | TMGM | IronFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | TMGM | IronFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | TMGM | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | TMGM | IronFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | IronFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | TMGM | IronFX | |
|---|---|---|---|
| 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 | IronFX | |
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| Trust Score | 83 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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