Written by ForexBrokers.com
In this head to head comparison of Markets.com vs TMGM, 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.
Markets.com, established in 1999, boasts a high level of trust, reflected in its ForexBrokers.com Trust Score of 93 out of 99. It holds three Tier-1 licenses, a signifier of high trust, and one Tier-2 license, which is considered trusted. Despite not being publicly traded or a bank, these credentials highlight Markets.com's regulatory strength and focus on providing a secure trading environment.
Founded in 2013, TMGM holds a ForexBrokers.com Trust Score of 83 out of 99, indicating it is a trusted platform. TMGM is backed by two Tier-1 licenses, underscoring its commitment to regulatory compliance, though it lacks Tier-2 licenses. Although neither publicly traded nor a bank, TMGM ensures reliability through its solid regulatory groundwork, making it a trusted choice for online trading.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Year Founded | 1999 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to commissions and fees, Markets.com receives a rating of 3.5 stars, ranking 50th out of 63 brokers according to ForexBrokers.com. Unfortunately, there is no available information on the average spread data for Markets.com, making it difficult to assess overall trading costs. This lack of transparency might make it challenging for potential traders to fully understand what they might pay in fees.
In comparison, TMGM is rated higher with 4 stars and ranks 36th in the same category. TMGM offers a competitive fee structure, especially for those using its Edge account. This account type is favored for its low commission of $3.50 per trade side ($7 per round trip) and typically low spreads. TMGM, however, does not provide average spread data for EUR/USD, which is important for traders to evaluate true costs effectively. Offering both a spread-only Classic account and a commission-based Edge account, TMGM gives traders the flexibility to choose based on their preferences.
For those observing Islamic finance principles, TMGM accommodates with an interest-free Edge account option, but such accounts are unavailable under its Classic account. This makes TMGM a more flexible choice for a variety of trading needs compared to Markets.com, particularly for those seeking transparency in their trading costs and specific account features.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 examining the range of investments available at Markets.com and TMGM, both brokers cater to forex enthusiasts by offering trading through CFDs as well as spot contracts. Markets.com stands out with 2,179 tradeable symbols, while TMGM provides an impressive 12,000 symbols. Both platforms support a range of forex pairs, yet TMGM takes a small lead, offering 62 pairs compared to Markets.com's 57. For investors concerned with venture into alternative assets, both brokers offer cryptocurrency derivatives but don't provide the option to purchase actual cryptocurrencies. Furthermore, neither Markets.com nor TMGM facilitates the purchase of exchange-traded securities on U.S. or international marketplaces, such as shares of major companies like Apple or Vodafone.
Both Markets.com and TMGM embrace more modern forms of trading by offering copy trading, allowing investors to mirror strategies from seasoned traders. In terms of ratings and rankings, Markets.com secures a 4 out of 5-star rating for its range of investments, ranked 29 out of 63 brokers in this category according to ForexBrokers.com. Meanwhile, TMGM fares slightly better with a 4.5-star rating, securing the 17th position. This suggests TMGM may offer a more diverse or appealing array of investment options overall.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 12000 |
| Forex Pairs (Total) | 57 | 62 |
| 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.
For traders considering online brokerage platforms, Markets.com and TMGM both present viable options with distinct differences in their trading platforms and tools. Both brokers offer free virtual demo accounts, allowing users to practice trading without financial risk. Markets.com has developed its own proprietary platform, whereas TMGM leans on third-party solutions. Traders have the convenience of both Windows-based desktop and web-based platforms with either broker. While copy trading is available with both, neither broker supports DupliTrade or ZuluTrade. Additionally, both Markets.com and TMGM support the popular MetaTrader 4 and MetaTrader 5 platforms.
When it comes to charting tools, differences emerge, particularly in drawing tools and chart trading capabilities. Markets.com offers four drawing tools, while TMGM provides a wider selection with fifteen. TMGM also allows trading directly from a stock chart, a feature Markets.com does not offer. For customizing watch lists, TMGM accommodates seven columns against Markets.com's six. Despite these differences, both platforms earn a solid four-star rating for their trading platforms and tools. However, Markets.com is ranked higher at #27 compared to TMGM's #48 by ForexBrokers.com, positioning it as a slightly more favored choice among traders.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 4 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Markets.com and TMGM, both brokers offer iPhone and Android availability, allowing traders to access their accounts on popular devices. Both platforms provide users with stock and forex price alerts, enhancing the trading experience by keeping users informed about market changes. Additionally, traders can draw trendlines on charts in both apps, a vital feature for technical analysis. Markets.com, however, stands out with its watchlist symbol syncing feature, ensuring that changes to watchlists are reflected across both mobile and online accounts. On the other hand, TMGM excels with its offering of 30 technical studies for charting, surpassing Markets.com in this aspect.
TMGM’s mobile app offers the ability to view multiple time frames on stock and forex charts, while Markets.com does not provide this option. Furthermore, TMGM's charts auto-save drawings, an advantage over Markets.com where this feature is absent. Despite these differences, both brokers allow users to create watchlists with real-time quotes, making market monitoring easy and efficient. In user ratings, both apps are rated four out of five stars for mobile trading experiences. However, according to ForexBrokers.com rankings, Markets.com is positioned higher at #33 out of 63 brokers, compared to TMGM at #47, indicating a slightly more favorable perception of Markets.com’s mobile trading capabilities overall.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Markets.com and TMGM both provide daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters, ensuring traders stay informed with timely updates. Both platforms offer sentiment-based trading tools, which are useful for understanding market direction by displaying the percentage of long or short positions across various instruments. Additionally, each broker provides an economic calendar that highlights important global events, assisting traders in planning their strategies around potential market-moving news.
While Markets.com and TMGM share some similarities in their offerings, they differ in specific research tools available to traders. TMGM shines by incorporating Trading Central's advanced analysis tools and Acuity Trading's Signal Centre, which are not available on Markets.com. Despite this, Markets.com has a higher overall research rating, receiving four stars compared to TMGM's 3.5 stars, and is ranked 17th out of 63 brokers by ForexBrokers.com in the Research category, while TMGM stands at 53rd. This makes Markets.com a slightly better choice for traders who prioritize broker reputation and a broader range of market insights.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Markets.com and TMGM in terms of educational resources for beginners in trading, both platforms present distinct offerings. Markets.com provides an array of opportunities for learning, including regular online webinars that help clients enhance their understanding of forex and CFDs. Furthermore, the platform offers more than ten educational videos tailored specifically for beginners, as well as additional videos for advanced traders looking to broaden their trading expertise. This diverse array of educational content has earned Markets.com a 4-star rating for education.
On the other hand, TMGM does not conduct regular educational webinars, although it maintains a searchable archive of recorded sessions for clients seeking resources on demand. While they fall short in providing beginner educational videos compared to Markets.com, TMGM offers an investor dictionary with over 50 investing terms, which serves as a useful reference for traders at all levels. Despite these differences, TMGM holds a slightly lower educational rating of 3.5 stars. In terms of educational resources, ForexBrokers.com ranks Markets.com at #34, noticeably ahead of TMGM, which stands at #54.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Markets.com is better than TMGM. Markets.com finished with an overall rank of #23, while TMGM finished with an overall rank of #37.
Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
When comparing online brokers Markets.com and TMGM, neither offers the ability to buy actual delivered cryptocurrency, but both provide the option to trade cryptocurrency derivatives.
While both Markets.com and TMGM provide options for depositing or withdrawing funds via Skrill, Visa or Mastercard, and bank wires, TMGM distinguishes itself by offering PayPal as an additional payment method, whereas neither broker supports ACH or SEPA transfers.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Markets.com | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | Markets.com | TMGM | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Markets.com | TMGM | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 1999 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | TMGM | |
|---|---|---|---|
| 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) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Markets.com | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Markets.com | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 12000 | |
| Forex Pairs (Total) | 57 | 62 | |
| 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 | Markets.com | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Markets.com | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | Markets.com | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Markets.com | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 4 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Markets.com | TMGM | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | No | Yes | |
| AUD/USD | Yes | Yes | |
| Review | TMGM Review |
| Overall | Markets.com | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
