Written by ForexBrokers.com
In this head to head comparison of TMGM vs IUX, 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.
When comparing online brokers TMGM and IUX, it's evident that they have some key differences in their regulatory standings and trust scores. TMGM, established in 2013, is recognized for its higher trust level with a Trust Score of 83, indicating it is considered trusted according to ForexBrokers.com. The company holds two Tier-1 licenses, which are highly trusted credentials. Conversely, IUX, which began operations in 2016, carries a Trust Score of 69, pegging it as a high-risk choice. It holds one Tier-2 license but lacks the Tier-1 licenses that TMGM boasts.
Neither TMGM nor IUX is publicly traded or operates as a bank, placing them on equal footing in these areas. However, the distinction in their regulatory profiles can provide insight for investors determining which platform might offer a better sense of security. With its higher trust score and multiple trusted licenses, TMGM may appeal more to those prioritizing stability and regulatory oversight in their brokerage service. Meanwhile, IUX's higher risk categorization might prompt potential users to weigh their options carefully.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Year Founded | 2013 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to commissions and fees, TMGM offers a competitive edge with its low-cost Edge account, providing traders with minimal spreads and no requotes. While average spread data for currencies like EUR/USD wasn't available, the Edge account stands out with a modest $3.50 commission per side, amounting to $7 for a complete trade cycle. Traders can choose between a spread-only Classic account or the commission-based Edge account, with the latter being more suitable for those seeking lower trading costs. Importantly, Islamic finance customers must select the Edge account if they require Sharia-compliant trading due to the lack of swap-free options in the Classic account.
IUX offers a range of account types tailored to different trading needs, starting with its Standard and Standard+ accounts that require only a $10 minimum deposit. The key difference between these two lies in the promotional bonuses available with the Standard+ account, which comes with slightly wider spreads. For more active traders, the Raw and Pro accounts require a $500 deposit and cater to those seeking ultra-competitive spreads. The Raw account advertises the tightest spreads but also includes a $6 commission per standard lot. Meanwhile, the Pro account offers competitive spreads without additional commission, positioning itself as a close contender among brokers.
In the realm of star ratings, both TMGM and IUX have earned a respectable 4-star rating for their commissions and fees. While TMGM ranks #36 out of 63 brokers in this category on ForexBrokers.com, IUX trails slightly behind at #49. Traders should carefully consider the balance between spreads, commissions, and deposit requirements to choose the packaging that best meets their trading goals.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Minimum Deposit | $100 | 10 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| 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.
When comparing TMGM and IUX for their range of investments, TMGM clearly offers a more extensive selection. TMGM provides traders with access to 12,000 tradeable symbols, including 62 forex pairs, and allows for forex trading as both a CFD and spot contract. Additionally, TMGM supports copy trading, enhancing the investment strategies available to its users. While TMGM does not offer direct investment in exchange-traded securities on U.S. or international exchanges, it does provide options for trading cryptocurrency derivatives, though not actual cryptocurrencies.
In contrast, IUX offers a more limited selection with 152 tradeable symbols and 34 forex pairs, also allowing for forex trading as a CFD and spot contract. IUX stands out by offering direct investments in international exchange-traded securities, something TMGM does not. However, IUX does not support copy trading and, like TMGM, only allows for trading cryptocurrency derivatives. Based on ratings, TMGM scores 4.5 stars for its range of investments, significantly higher than IUX's 3.5 stars. TMGM is also ranked #17 by ForexBrokers.com for their investment range, while IUX is placed at #60 among 63 brokers.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 152 |
| Forex Pairs (Total) | 62 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of TMGM and IUX, both brokers offer appealing features, though some differences may tilt a trader's choice. TMGM and IUX provide simulated trading through free virtual demo accounts, making it easy for newcomers to practice without risk. While TMGM utilizes popular platforms like MetaTrader 4 and MetaTrader 5, IUX takes a different approach, offering a proprietary platform developed in-house alongside MetaTrader 5. On both brokers, you can find tools and platforms that are accessible through Windows-based desktop downloads and convenient web-based portals. When it comes to specialized trading features, TMGM supports copy trading, enabling user interaction in a growing social trading network, a feature not available with IUX.
Charting tools and watch list flexibility present varied experiences for TMGM and IUX users. IUX impresses with an extensive array of 89 drawing tools, significantly outperforming TMGM's offer of 15. Additionally, IUX provides an enriched watch list experience with 46 fields for customization, compared to TMGM's seven. Trading directly from charts is available with both brokers, blending convenience into their platforms. Despite these differences, user ratings reflect a favorable inclination toward TMGM, which earns a four-star rating for its trading platform and tools, compared to IUX's 3.5-star rating. Moreover, in a broader assessment by ForexBrokers.com, TMGM ranks at #48 among 63 brokers, surpassing IUX's position at #59.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Drawing Tools (Total) | 15 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both TMGM and IUX offer apps for iPhone and Android users, making it easy for traders to stay connected. One key difference is that TMGM provides price alerts for stocks and forex, a feature that IUX doesn’t offer. However, IUX impresses with its charting capabilities, offering 106 technical studies compared to TMGM’s 30. TMGM also allows users to draw trendlines on charts, a feature missing from IUX’s app experience. Both platforms enable users to view charts in multiple time frames and create watchlists with real-time quotes. Unfortunately, neither app supports syncing watchlists between mobile and online accounts.
In terms of user experience and ratings, TMGM’s mobile app holds a slight edge, with a four-star rating out of five and a rank of 47th out of 63 brokers by ForexBrokers.com. In contrast, IUX's app is rated at 3.5 stars and sits at the 60th position. While both brokers save chart drawings automatically and offer varied insights, traders might lean toward TMGM for its added alert functionality and the ability to plot trendlines, despite IUX's broader range of technical studies.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing TMGM and IUX for market research offerings, TMGM emerges as a more diverse platform. TMGM provides daily market commentary and access to forex news from established sources like Bloomberg and Reuters, which IUX lacks. For traders relying on tools, TMGM features resources such as Trading Central's Technical Analytics and Acuity Trading's Signal Centre, adding depth to their research capabilities. In contrast, IUX does not offer these tools. Both platforms provide an economic calendar to keep traders informed on global events. However, TMGM also includes a sentiment-based trading tool, offering a richer research experience.
In terms of research ratings, TMGM holds a slight edge with a 3.5-star rating compared to IUX's 3-star rating. Furthermore, TMGM is ranked 53rd by ForexBrokers.com, while IUX is positioned at 59th out of 63 brokers in the Research category. These nuances highlight TMGM’s strength in offering more comprehensive research tools and resources, making it a preferable choice for traders seeking varied insights into the market landscape.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, TMGM and IUX have their differences. Neither broker offers a comprehensive collection of more than ten educational pieces focusing on forex or CFDs, nor do they host monthly online educational webinars. However, TMGM provides a searchable archive of past webinars, which is a feature that IUX lacks. In contrast, IUX shines by offering a series of video tutorials specifically designed for beginners, with at least ten videos available to help new traders grasp essential trading concepts.
TMGM also stands out by featuring an investor dictionary with definitions for over 50 investing terms, a valuable resource for those new to trading jargon, which IUX does not provide. In terms of user ratings, TMGM scores slightly higher with 3.5 stars for education compared to IUX's 3 stars. According to ForexBrokers.com, TMGM is ranked number 54 out of 63 brokers for educational resources, while IUX holds the 59th position. This positioning reflects the slight edge TMGM has over IUX in terms of overall educational offerings for traders.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | 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 IUX. TMGM finished with an overall rank of #37, while IUX finished with an overall rank of #63.
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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IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 69 |
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Both TMGM and IUX do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to trade in cryptocurrency derivatives.
When comparing online brokers TMGM and IUX, it's notable that both lack ACH or SEPA transfer options for fund transactions, but differ as TMGM supports PayPal and both brokers facilitate Skrill, Visa, Mastercard, and bank wire deposits and withdrawals.
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 | IUX | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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| Regulation | TMGM | IUX | |
|---|---|---|---|
| Trust Score | 83 | 69 | |
| Year Founded | 2013 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | TMGM | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 152 | |
| Forex Pairs (Total) | 62 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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). |
| Cost | TMGM | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | IUX | |
|---|---|---|---|
| Minimum Deposit | $100 | 10 | |
| 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 | IUX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 46 | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| Charting - Drawing Tools (Total) | 15 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | TMGM | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | TMGM | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | TMGM | IUX | |
|---|---|---|---|
| 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 | IUX | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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