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 | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| 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.
Comparing the range of investments at TMGM and Octa, both brokers support forex trading as CFDs or spot contracts and offer copy trading. TMGM stands out for breadth: about 12,000 tradeable symbols and 62 currency pairs, plus cryptocurrency derivatives (not the actual coins). Octa lists around 300 symbols and 35 forex pairs and also offers crypto derivatives, but neither broker lets you buy delivered cryptocurrency.
For exchange-traded shares, neither broker provides access to U.S. stocks; however, Octa does offer some international exchange-listed shares, while TMGM does not. Based on our ratings for range of investments, TMGM scores 4.5/5 (ranked 18th of 63), while Octa scores 3.5/5 (ranked 53rd of 63). Choose TMGM if you want a wider selection of markets and symbols; consider Octa if you specifically want access to certain international exchange-listed shares without U.S. stock dealing.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 300 |
| Forex Pairs (Total) | 62 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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.
When comparing TMGM and Octa for trading platforms and tools, both brokers support MetaTrader 4 and MetaTrader 5, available on Windows desktop and in the browser. Each offers copy trading and a free demo account for paper trading. A key difference is that Octa also provides its own proprietary platform, while TMGM relies on third‑party platforms.
For charting and usability, both let you place trades directly from charts, include 15 drawing tools, and allow watch lists with seven columns. In the Trading Platforms and Tools category from ForexBrokers.com, both earn 4 stars; however, Octa ranks 38th out of 63 brokers, while TMGM ranks 49th, giving Octa a slight edge in this comparison.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM and Octa both offer mobile trading apps for iPhone and Android with the core tools traders expect. Each app supports price alerts, real-time quote watchlists, and charting with 30 technical studies, trendline drawing, multiple time frames (intraday, daily, weekly), and auto-saved drawings. One limitation is shared: neither broker syncs watchlist symbols between the mobile app and the online account.
Both mobile trading apps earn 4 out of 5 stars. That said, ForexBrokers.com ranks Octa 37th out of 63 brokers for Mobile Trading Apps, while TMGM sits at 48th, giving Octa a slight edge in the league table. If you need iPhone/Android access with price alerts, real-time watchlists, and capable charting (30 studies, trendlines, multi-time-frame views, auto-saved drawings), either will meet the brief—your choice may come down to which interface feels better to use.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | 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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 tailored for beginners, Octa stands out compared to TMGM. Octa offers a wide selection of over 10 educational pieces, including articles, videos, and archived webinars, focusing on forex and CFDs, which are valuable for new traders. In addition, Octa provides at least one live educational webinar each month, allowing beginners to engage and learn in real-time. TMGM, on the other hand, falls short in this area, with less comprehensive educational content catered specifically to newcomers in trading.
For those seeking in-depth video tutorials, Octa again proves advantageous, offering more than 10 beginner-focused educational videos, as well as advanced content for seasoned traders. While both TMGM and Octa provide searchable archives of past webinars and maintain investor dictionaries with at least 50 investing terms, Octa’s broader range of beginner resources and higher educational quality earns it a slightly higher rating, with 4 stars compared to TMGM's 3.5 stars. This commitment to educating its users places Octa in a higher rank, with ForexBrokers.com positioning it at #42 out of 63 brokers, compared to TMGM's rank of #54.
| Feature |
TMGM
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 72 |
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TMGM and Octa both do not offer the ability to buy actual delivered cryptocurrency, but they each provide options for trading cryptocurrency derivatives.
Comparing online brokers, TMGM and Octa both do not provide ACH or SEPA transfers for account deposits or withdrawals, while TMGM offers PayPal as a payment option, unlike Octa; both platforms accept Skrill and major credit cards such as Visa and Mastercard, as well as bank wire transfers for handling account funds.
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 |
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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/Central Bank 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. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | TMGM | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| 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 | Octa | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | TMGM | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | TMGM | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | Octa | |
|---|---|---|---|
| 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 | 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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