Written by ForexBrokers.com
In this head to head comparison of TMGM vs Octa, 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 Octa, several factors like regulatory licenses and trust scores are crucial for potential investors. Founded in 2013, TMGM is not publicly traded and does not operate as a bank. It holds two Tier-1 licenses, reflecting a high level of trust according to ForexBrokers.com, and boasts a Trust Score of 83 out of 99, classifying it as a trusted broker. In contrast, Octa, founded in 2011, also is not publicly traded and isn't a bank. It holds one Tier-1 license and one Tier-2 license, with a Trust Score of 72, indicating an average risk.
The licensing and trust score distinctions shed light on the relative reliability of these brokers. TMGM's possession of two top-tier licenses enhances its credibility among investors, aligning with its higher trust rating. Octa, on the other hand, balances its single high-trust Tier-1 license with an additional Tier-2 license, catering to investors who understand its modestly higher risk profile compared to TMGM. Whether you prioritize a strong regulatory framework or a diverse licensing setup, both brokers offer unique advantages for different trading strategies.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Year Founded | 2013 | 2011 |
| 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 Octa both earn 4 out of 5 stars for commissions and fees, but Octa ranks higher overall (#30 of 63) than TMGM (#37 of 63). In short, both brokers aim for low trading costs, yet Octa currently has a slight edge in our rankings for this category.
TMGM’s pricing depends on your account choice. The Classic account is spread-only, while the Edge account adds a small commission of $3.50 per side ($7 round trip) to generally low spreads and features no requotes. A drawback is the lack of recent average spread data for EUR/USD, which makes exact cost comparisons harder. For Islamic finance, swap-free terms are available only on the Edge account.
Octa’s costs vary by the entity that regulates your account and by platform availability (EU clients use MT5; international clients can access MT4, MT5, and OctaTrader). Octa lists typical EUR/USD spreads at 0.5 pips in the EU and 0.9 pips with its foreign entities, though it does not provide a date range for these figures. Octa also reports no slippage on 97.5% of orders and no overnight carry costs, but it has rules that can limit high-frequency trading. Overall, its improving spreads help explain why it ranks higher for commissions and fees.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average spread (EUR/USD) - Standard account | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| 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 vs Octa: both brokers let you trade forex (CFD or spot), but TMGM offers a much wider range of instruments. TMGM lists about 12,000 tradeable symbols and 62 forex pairs, while Octa provides roughly 300 symbols and 35 forex pairs. Both brokers support copy trading and offer cryptocurrency CFDs, but neither lets you buy actual crypto.
For stocks, neither TMGM nor Octa offers U.S.-listed shares. Octa does stand out by allowing access to exchange-traded shares on certain international markets (for example, Vodafone in London), while TMGM does not offer exchange-traded securities. Based on range of investments, TMGM is rated 4.5/5 stars and ranks #18 out of 63 brokers, whereas Octa holds 3.5/5 stars and ranks #53 out of 63. Pick TMGM if you want the broadest selection of markets; choose Octa if you value access to real international shares alongside CFDs.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 300 |
| Forex Pairs (Total) | 62 | 35 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| 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 Octa for trading platforms and tools, both brokers check key boxes: free demo (paper) accounts, Windows desktop and web-based platforms, copy trading, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Each lets you place trades directly from charts. The main difference is platform choice: Octa adds a proprietary, in-house platform alongside MetaTrader, while TMGM focuses on third‑party platforms. Specific counts for built-in chart indicators and watchlist column options weren’t provided.
Both TMGM and Octa earn 4 stars for Trading Platforms and Tools. In the ForexBrokers.com rankings (out of 63 brokers), Octa is #38 and TMGM is #49. If you prefer a broker-built platform in addition to MT4/MT5, Octa may appeal; if you want a straightforward MetaTrader setup, TMGM is a fit. Either way, the free demo account makes it easy to test the workflow before committing.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM and Octa both deliver capable mobile trading apps for iPhone and Android. Each app supports forex or stock price alerts, 30 built-in technical studies for charting, and the ability to draw trendlines that auto-save—handy for tracking setups across sessions. In day-to-day use, their feature sets line up closely, making either app a practical choice for analysis and trade monitoring on the go.
One limitation they share is the lack of watchlist symbol syncing between the mobile app and the online account, so changes made in one place won’t carry over to the other. Both earn 4 out of 5 stars for Mobile Trading Apps, but rankings differ: Octa places #37 out of 63 brokers at ForexBrokers.com, while TMGM ranks #48. If overall ranking matters to you, Octa has a slight edge; if you’re focused on core mobile features, it’s essentially a draw.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| 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 Octa for market research, both brokers deliver the basics: daily market commentary, forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and an economic calendar. According to ForexBrokers.com, Octa is rated 4 stars for Research and ranks 27th out of 63 brokers, while TMGM scores 3.5 stars and ranks 54th.
Their toolsets differ. TMGM offers Trading Central for analytics, a sentiment tool that shows long vs. short positioning, and Acuity Trading solutions (including Signal Centre), but it does not include Autochartist. Octa goes the other way: it includes Autochartist for chart patterns and trade ideas, but does not provide Trading Central, a sentiment tool, or Acuity Trading. Neither broker offers TipRanks. Choose Octa if you want Autochartist-driven pattern analysis; pick TMGM if you value sentiment data and a wider mix of third‑party research tools.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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.
Comparing TMGM vs Octa for beginner trading education, Octa stands out. Octa runs ongoing client webinars (at least one per month) and offers a sizable library of video lessons, with at least 10 beginner videos and at least 10 advanced videos. TMGM, by contrast, does not host monthly education webinars and does not reach the 10-video mark for either beginner or advanced topics. Reflecting this gap, Octa earns 4 out of 5 stars for Education and ranks #42 of 63 brokers at ForexBrokers.com, while TMGM holds 3.5 out of 5 stars and ranks #54 of 63.
For newcomers who want structured learning, including webinars and plenty of step-by-step videos on forex and CFD trading, Octa is the better fit. If you only need a lighter intro or plan to learn mostly on your own, TMGM can still work, but its education catalog is more limited than Octa’s.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
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 Octa. TMGM finished with an overall rank of #37, while Octa finished with an overall rank of #47.
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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Octa
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|---|---|---|
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| Trust Score | 83 | 72 |
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TMGM and Octa do not offer the ability to buy actual (delivered) cryptocurrency, but both brokers provide access to trading cryptocurrency CFDs.
Comparing online brokers TMGM and Octa for deposit and withdrawal options: both do not support ACH/SEPA; Octa supports Skrill and bank wire but not PayPal, while TMGM’s availability for PayPal, Skrill, Visa/Mastercard, and bank wires—and Octa’s card support—was 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 | Octa | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | TMGM Review | Octa Review |
| Broker Screenshots | TMGM | Octa | |
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| Regulation | TMGM | Octa | |
|---|---|---|---|
| Trust Score | 83 | 72 | |
| Year Founded | 2013 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| 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 | Octa | |
|---|---|---|---|
| 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) | |||
| 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 | Yes |
| Tier-2 Licenses (Trusted) | TMGM | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | TMGM | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 300 | |
| Forex Pairs (Total) | 62 | 35 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| 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 | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 0.9 | |
| 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 | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | TMGM | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | TMGM | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| 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 | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Octa | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | TMGM | Octa | |
|---|---|---|---|
| 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 | Octa Review |
| Overall | TMGM | Octa | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | TMGM Review | Octa Review |
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