Written by ForexBrokers.com
In this head to head comparison of TMGM vs RoboForex, 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 broker firms TMGM and RoboForex, one good starting point is their regulatory standings. TMGM was founded in 2013 and holds two Tier-1 licenses, which are highly regarded by ForexBrokers.com. It has a Trust Score of 83, placing it in the "trusted" category. In contrast, RoboForex, founded in 2009, holds one Tier-1 license and carries a Trust Score of 73, marking it as an "average risk" broker. Both firms are privately owned and not publicly traded on any stock exchange. Also, neither TMGM nor RoboForex operates as a bank.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| Year Founded | 2013 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
TMGM offers traders competitive options regarding commissions and fees, particularly with its commission-based Edge account. Traders opting for the Edge account benefit from a commission rate of $3.50 per side, equating to $7 per round trip, complemented by the advantageous low spreads. Although specific average spread data for the EUR/USD pair is not currently available, TMGM's practice of offering low spreads makes it an enticing choice for many traders. Islamic traders will appreciate that the Edge account is compatible with Sharia-compliant options. TMGM has earned a 4-star rating for its commissions and fees and is ranked 36th out of 63 brokers by ForexBrokers.com.
On the other hand, RoboForex presents higher average spreads of 1.3 pips on the Procent and Pro accounts, which may result in costlier trades over time. Despite this, RoboForex remains a viable option for certain traders, but it's important to consider that these fees might be less appealing compared to TMGM's offerings. RoboForex holds a 3.5-star rating for its commissions and fees and is positioned 55th in this category among 63 brokers on ForexBrokers.com.
When comparing both brokers, TMGM emerges as the more favorable choice for those prioritizing lower trading costs, whereas RoboForex may appeal to traders with different trading preferences. TMGM's strategic pricing and options for Islamic finance accounts make it an adaptable option for a wide range of traders, bolstered by its higher overall ratings and ranking.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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 comparing the range of investments offered by TMGM and RoboForex, both platforms provide a range of options that may appeal to different types of traders. TMGM boasts an impressive assortment with over 12,000 tradeable symbols, including 62 forex pairs traded via CFDs or spot contracts. Meanwhile, RoboForex offers 8,400 symbols with access to 28 forex pairs, also available as CFDs or spot contracts. Neither platform offers direct access to exchange-traded securities on U.S. or international stock exchanges, such as buying shares of Apple or Vodafone, nor do they facilitate the purchase of actual cryptocurrency. However, both allow trading in cryptocurrency derivatives and offer copy trading features for users who prefer to mirror the strategies of seasoned traders.
Despite their differences in the number of available forex pairs and tradeable symbols, TMGM and RoboForex tie with a commendable 4.5-star rating for their range of investments. However, TMGM nudges ahead slightly in the rankings by ForexBrokers.com, standing at 17 out of 63 brokers, while RoboForex follows closely at number 20. This ranking suggests that while both brokers provide substantial offerings, TMGM's extensive range of symbols and forex pairs may offer a slight edge for those seeking a wider variety of investment options.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 8400 |
| Forex Pairs (Total) | 62 | 28 |
| 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.
When comparing TMGM and RoboForex for their trading platforms and tools, both brokers stand out with similar offerings. Each provides a simulated trading experience through a free virtual demo account, allowing traders to practice and refine their skills without financial risk. Neither TMGM nor RoboForex offers a proprietary platform, but they support popular options like MetaTrader 4 and MetaTrader 5, available across various devices including Windows-based desktop, web, and mobile. Copy trading is another feature available with both brokers, catering to traders who prefer to mirror the strategies of others. Additionally, both TMGM and RoboForex offer the convenience of trading directly from stock charts and provide 15 drawing tools for charting.
While both brokers are rated equally with four stars for their trading platforms and tools, RoboForex edges slightly ahead in rankings by ForexBrokers.com, coming in at #43 compared to TMGM's #48 out of 63 brokers. Despite the close competition, this subtle distinction may play a critical role for some investors when choosing a platform. Both TMGM and RoboForex offer customizable watch lists with seven fields, offering plenty of insights for traders to make informed decisions. While certain advanced tools like DupliTrade and ZuluTrade are absent from both platforms, the comprehensive features provided make them solid choices for traders seeking flexibility and functionality.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 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.
When comparing the mobile trading apps of TMGM and RoboForex, both platforms offer apps for iPhone and Android users, ensuring a seamless trading experience on the go. Users of both apps can receive stock and forex price alerts, draw trendlines, view multiple time frames for charts, and create watchlists with real-time quotes. However, neither provider currently offers watchlist symbol syncing, which would allow for seamless transitions between mobile and desktop accounts. In terms of technical analysis, both TMGM and RoboForex provide users with 30 technical studies to aid in making informed trading decisions. Additionally, the drawing tools in the apps from both brokers automatically save your edits, which is convenient for traders.
Both TMGM and RoboForex receive a solid 4-star rating for their mobile apps, reflecting their user satisfaction. According to ForexBrokers.com, RoboForex holds a slightly higher rank at 43rd among 63 brokers, whereas TMGM is placed at 47th. This slight difference may influence users who prioritize ranking, though both brokers offer a comparable suite of features in their mobile trading apps. For traders looking to engage in hands-on mobile trading, either platform can provide a reliable experience.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| 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.
When comparing market research offerings between TMGM and RoboForex, both online brokers present a variety of tools to support traders. Both TMGM and RoboForex provide daily market commentary and access to forex news from leading sources like Bloomberg and Reuters. They each offer resources from Trading Central, ensuring traders have access to valuable technical analysis. Additionally, both platforms feature tools from Acuity Trading, such as the Signal Centre, and maintain detailed economic calendars to keep traders informed of global economic events.
Despite these similarities, TMGM differentiates itself from RoboForex with a sentiment-based trading tool that provides insights into long and short positions across currency pairs. However, neither broker offers technical tools from Autochartist or market insights from TipRanks. In terms of research ratings, TMGM and RoboForex both score 3.5 out of 5 stars. Yet, they rank differently on ForexBrokers.com, with RoboForex securing the 37th position out of 63 brokers, while TMGM is positioned at 53rd, highlighting RoboForex's slightly more favorable standing among the competition.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both TMGM and RoboForex show room for improvement. Neither platform offers a substantial library of educational pieces on forex or CFDs, such as articles, videos, or webinars geared towards new traders. Additionally, both brokers fall short in providing regular, live educational webinars, and neither offers a series of beginner-focused educational videos. However, if you are someone who values access to past webinars, TMGM does have an archive available for its clients, unlike RoboForex.
For those seeking a resource to become familiar with investing terminology, TMGM stands out with its comprehensive investor dictionary, featuring definitions of over 50 terms. In contrast, RoboForex does not offer a similar resource. Evaluating their overall education ratings, both TMGM and RoboForex earn 3.5 stars. Yet, in a broader comparison of 63 brokers, TMGM ranks slightly higher at number 54, while RoboForex is positioned at number 56, indicating only a marginal difference in their educational offerings.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | No |
| 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 RoboForex. TMGM finished with an overall rank of #37, while RoboForex finished with an overall rank of #46.
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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RoboForex
|
|---|---|---|
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| Trust Score | 83 | 73 |
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Both TMGM and RoboForex do not offer the option to buy actual delivered cryptocurrencies but provide the ability to trade cryptocurrency derivatives, allowing investors to engage in cryptocurrency markets without owning the actual assets.
When comparing online brokers TMGM and RoboForex in terms of deposit and withdrawal options, TMGM offers PayPal, Skrill, Visa, Mastercard, and bank wire services, but lacks ACH or SEPA transfers, while RoboForex provides the same payment methods, including PayPal, Skrill, Visa, Mastercard, bank wire, and additionally supports ACH and 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.
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0 of 5| Overall Rating | TMGM | RoboForex | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review | RoboForex Review |
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| Regulation | TMGM | RoboForex | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2013 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | TMGM | RoboForex | |
|---|---|---|---|
| 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) | 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 | Yes |
| Tier-2 Licenses (Trusted) | TMGM | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 8400 | |
| Forex Pairs (Total) | 62 | 28 | |
| 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 | TMGM | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | TMGM | RoboForex | |
|---|---|---|---|
| Proprietary Platform | No | 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 | TMGM | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | TMGM | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | TMGM | RoboForex | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review | RoboForex Review |
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