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 |
TMGM and IUX both earn 4 out of 5 stars for commissions and fees, but they rank differently: TMGM sits at #37 of 63 on ForexBrokers.com, while IUX is #49 of 63. TMGM’s Edge account pairs low spreads with a small commission, yet recent average spread data for EUR/USD wasn’t available, which can make apples-to-apples cost comparisons harder. IUX, by contrast, publishes more specific average spreads across its account lineup, helping traders estimate all-in costs more easily.
At TMGM, your trading costs depend on the account you choose. The Classic account is spread-only, while the Edge account charges $3.50 per side ($7 round trip) with low prevailing spreads and no requotes. Islamic traders should note that swap-free access is available only on the Edge account. The lack of published EUR/USD average spreads limits transparency, but the Edge account’s small commission keeps potential costs attractive. TMGM’s commissions and fees rating: 4/5 stars; category ranking: #37 of 63.
IUX offers several tiers: Standard and Standard+ (both $10 minimum deposit) are spread-only, with Standard generally offering tighter spreads than Standard+. For active traders, the Pro (spread-only) and Raw (commission) accounts each require $500. IUX lists an average spread of 0.9 pips on Standard, 0.7 pips on Pro, and an all-in cost near 0.6 pips on the Raw account when you factor in its $6 per-lot commission. IUX’s pricing is competitive—especially on Pro and Raw—though not the absolute cheapest. IUX’s commissions and fees rating: 4/5 stars; category ranking: #49 of 63.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Minimum Deposit | $100 | 10 |
| Average spread (EUR/USD) - Standard account | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
TMGM offers a much wider range of investments, with roughly 12,000 tradeable symbols versus IUX’s 152. For currency traders, TMGM lists 62 forex pairs compared with 34 at IUX. Both brokers support forex trading in CFD or spot formats (availability can depend on your region and account). You can also trade cryptocurrency via CFDs at both brokers, while neither allows you to buy and hold actual crypto.
When it comes to exchange-traded shares, neither broker provides access to U.S.-listed stocks; however, IUX does offer exchange-traded shares on certain international exchanges, while TMGM does not. TMGM also includes copy trading, which IUX lacks. Reflecting these differences, TMGM is rated 4.5 out of 5 stars for Range of Investments and ranks #18 out of 63 brokers at ForexBrokers.com, whereas IUX is rated 3.5 stars and ranks #61.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 152 |
| Forex Pairs (Total) | 62 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
Comparing online brokers TMGM and IUX on trading platforms and tools, both offer free demo (paper) accounts, web platforms, Windows desktop software, and the ability to place trades directly from charts. TMGM earns 4 stars and ranks #49 out of 63 for platforms and tools, while IUX scores 3.5 stars and ranks #60, according to ForexBrokers.com. Platform availability differs: TMGM does not have a proprietary platform but supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas IUX offers its own in-house platform alongside MT5 (but not MT4). Copy trading is available at TMGM, but not at IUX.
Choose TMGM if you want the familiar MetaTrader 4 and MetaTrader 5 experience plus copy trading and a slightly stronger third-party platform lineup. Pick IUX if you prefer an in-house proprietary platform paired with MT5 and standard web and desktop access. Both brokers make it easy to try before you trade with a free demo and include handy chart trading, helping forex and CFD traders test strategies and manage positions online.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM vs IUX: both brokers offer iPhone and Android mobile trading apps. Each app auto-saves chart drawings, but neither syncs watchlists with the web platform. For charting, IUX packs more technical studies (106 vs TMGM’s 30). However, TMGM’s mobile app lets you draw trendlines, while the IUX app does not, which can matter for quick visual analysis on the go.
Features that can drive decisions include alerts and ratings. TMGM provides stock and forex price alerts; IUX does not. TMGM’s mobile trading app holds a 4-star rating and is ranked #48 out of 63 brokers by ForexBrokers.com, while IUX earns 3.5 stars and ranks #61. If you want in-app alerts and trendline drawing, TMGM is the safer pick. If you value a larger set of indicators and can live without alerts and trendlines, IUX may appeal.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research at TMGM and IUX, TMGM offers more built-in resources. TMGM provides daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. It also includes Trading Central analytics, a sentiment tool that shows the long/short ratio, and research from Acuity Trading (Signal Centre). Both brokers offer an economic calendar, and neither provides Autochartist or TipRanks.
These differences show in the ratings. TMGM scores 3.5 out of 5 stars for research and ranks 54th out of 63 brokers at ForexBrokers.com, while IUX scores 3 stars and ranks 60th. If you want commentary, professional news, sentiment data, and Trading Central insights, TMGM is the stronger pick; if you mainly need a calendar, either broker will work.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing forex and CFD education, TMGM and IUX take different angles. Neither broker runs monthly educational webinars. IUX stands out for newcomers by offering at least 10 beginner-focused trading videos, while TMGM does not meet that mark. For more experienced learners, both brokers fall short of providing 10 advanced-level videos.
Looking at overall education quality, TMGM earns 3.5 out of 5 stars and ranks 54th out of 63 brokers, while IUX scores 3 stars and ranks 60th, according to ForexBrokers.com. If you want a deeper beginner video library, IUX is the more video-centric option. If you prefer a slightly higher overall education score, TMGM edges ahead. In both cases, it’s worth visiting each broker’s site to see the latest materials before deciding.
| Feature |
TMGM
|
IUX
|
|---|---|---|
| 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 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
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IUX
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| Trust Score | 83 | 78 |
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Comparing online brokers TMGM and IUX: neither allows buying actual delivered cryptocurrencies, but both provide access to cryptocurrency CFDs for trading crypto price movements without owning the underlying asset.
Comparing online brokers TMGM vs IUX: neither supports ACH/SEPA transfers; IUX offers Skrill and bank wires but not PayPal, while TMGM’s availability of PayPal, Skrill, Visa/Mastercard, and bank wires—and IUX’s Visa/Mastercard status—are 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 | IUX | |
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| Trust Score | 83 | 78 | |
| Winner | check_circle | ||
| Review | TMGM Review | IUX Review |
| Broker Screenshots | TMGM | IUX | |
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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 (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | 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 | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | TMGM | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 152 | |
| Forex Pairs (Total) | 62 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| 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). |
| Cost | TMGM | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | TMGM | IUX | |
|---|---|---|---|
| Minimum Deposit | $100 | 10 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | TMGM | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | TMGM | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | TMGM | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | IUX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | TMGM | IUX | |
|---|---|---|---|
| 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 | IUX Review |
| Overall | TMGM | IUX | |
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| Trust Score | 83 | 78 | |
| Winner | check_circle | ||
| Review | TMGM Review | IUX Review |
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