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.
TMGM, established in 2013, and IUX, founded in 2016, stand as significant players in the online brokerage scene, though neither is publicly traded nor operates as a bank. Both brokers show a strong commitment to operating within regulated frameworks but differ in their regulatory standings. TMGM holds two Tier-1 licenses, deemed highly trustworthy by ForexBrokers.com, while IUX holds one. Additionally, TMGM does not possess any Tier-2 licenses, whereas IUX holds one, reflecting its trusted status.
When examining trust, TMGM secures a Trust Score of 83 from ForexBrokers.com, positioning it within the 'trusted' category. Meanwhile, IUX holds a score of 78, indicating an average risk level. These scores highlight the relative confidence investors might place in these brokers, guiding those looking to choose a platform that aligns with their safety preferences. While both brokers provide secure platforms for trading, potential users may favor TMGM for its higher trust rating and more extensive Tier-1 regulation.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Year Founded | 2013 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing online brokers TMGM and IUX based on their commissions and fees, both offer various account types that cater to different trading needs. TMGM provides two main account types: the spread-only Classic account and the commission-based Edge account. The Edge account charges a commission of $3.50 per side, equating to $7 per round trip, combined with competitive low spreads. TMGM stands out for offering Sharia-compliant accounts exclusively through its Edge account, making it a suitable option for Islamic finance customers. However, TMGM has not published recent average spread data for the EUR/USD pair, something that top forex brokers typically share for a more comprehensive breakdown of trading costs.
Similarly, IUX provides a range of account options, from spread-only to commission-based accounts aimed at active traders. Their Standard and Standard+ accounts require just a $10 minimum deposit, with the Standard+ featuring promotional deposit bonuses but with slightly higher spreads. For more frequent traders, Raw and Pro accounts are available, requiring a $500 minimum deposit. The Raw account offers the lowest spreads, charging a commission of $6 per 100,000 units traded, while the Pro account features lower spreads with no commission, boasting an average EUR/USD spread of 0.7 pips. Notably, the average spreads for these accounts consider IUX's commission costs to provide a clearer picture of total expenses.
Both TMGM and IUX are rated 4 out of 5 stars for their commissions and fees. However, TMGM ranks slightly higher at #36, compared to IUX's #48, out of 63 brokers reviewed by ForexBrokers.com. If you're deciding between these brokers, consider the specific account types and associated costs to determine which aligns best with your trading strategies and financial 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 #55.
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
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 78 |
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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 | 78 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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| Regulation | TMGM | IUX | |
|---|---|---|---|
| Trust Score | 83 | 78 | |
| 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 | 1 | |
| 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 | 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) | 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 | 78 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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