Written by ForexBrokers.com
In this head to head comparison of TMGM vs Spreadex, 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 Spreadex, it's important to consider their trust ratings and regulatory credentials. TMGM, established in 2013, holds two Tier-1 licenses, which are highly trusted according to ForexBrokers.com’s rating system. With a Trust Score of 83 out of 99, TMGM is categorized as a trusted broker. Spreadex, founded earlier in 1999, has one Tier-1 license. Its Trust Score sits at 71, placing it in the average risk category.
Both TMGM and Spreadex are privately held companies that are not publicly traded on the stock exchange, nor do they operate as banks. These factors underscore the importance of their regulatory ratings for prospective clients. For those prioritizing trust and regulatory compliance, TMGM appears to have a slight edge over Spreadex, thanks to its higher Trust Score and additional Tier-1 license.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Year Founded | 2013 | 1999 |
| 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 | 0 |
When comparing TMGM and Spreadex on their commissions and fees, both brokers demonstrate competitive advantages. TMGM provides flexibility with its two main account types: the spread-only Classic account and the commission-based Edge account. While choosing the Edge account may involve a small commission fee of $3.50 per side ($7 per round trip), it impresses with low spreads and no requotes. Although specific average spread data for EUR/USD at TMGM was not available, many forex traders prefer brokers that offer detailed spread information for a clearer picture of trading costs. For those requiring Islamic finance, TMGM offers an interest-free Edge account as swap-free accounts are unavailable with the Classic option.
In contrast, Spreadex delivers transparent cost structures with average spreads of 0.81 pips for the EUR/USD pair as of January 2024. Impressively, Spreadex achieved a minimum spread of 0.6 pips 60% of the time during the month, which showcases their ability to maintain consistently low trading costs. This transparency in spread data allows traders to make informed decisions based on budget and trading strategy.
Regarding ratings, TMGM and Spreadex both boast a commendable 4-star ranking out of 5 for commissions and fees. However, when ranked by ForexBrokers.com among 63 brokers in this category, TMGM falls behind at #36, while Spreadex holds the #27 position, indicating a slightly better satisfaction level for Spreadex users in terms of cost-effectiveness.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.81 |
| 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 | No |
| 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 Spreadex, both platforms provide forex trading as CFDs or spot contracts, catering to forex enthusiasts. TMGM offers a broader selection with 12,000 tradeable symbols, exceeding Spreadex’s 10,000. For forex pairs, TMGM also comes ahead with 62 pairs compared to Spreadex’s 52. Both brokers do not provide the option to buy exchange-traded securities on U.S. or international exchanges, limiting some investors’ desires to own stocks like Apple or Vodafone. Additionally, both lack offerings for purchasing actual cryptocurrencies, though each provides cryptocurrency derivatives for interested traders.
In terms of special features, TMGM distinguishes itself by offering copy trading, allowing users to mirror the strategies of successful investors. While Spreadex does not offer this feature, it achieves a higher rating for its range of investments at 5 stars, compared to TMGM’s 4.5 stars. According to ForexBrokers.com, Spreadex is ranked 13th out of 63 brokers for investment range, narrowly outperforming TMGM, which holds the 17th spot. These differences highlight the varying strengths and offerings of TMGM and Spreadex in catering to diverse investment preferences.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 10000 |
| Forex Pairs (Total) | 62 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 Spreadex for their trading platforms and tools, both offer a free virtual demo account, making them accessible to new traders eager to practice without financial risk. TMGM stands out with its popular MetaTrader offerings, both MT4 and MT5, which provide flexibility and a range of features favored by many traders. They also offer a Windows-based desktop platform, enhancing their traditional trading setup, as well as support for web-based trading. On the other hand, Spreadex distinguishes itself with a proprietary trading platform, tailored specifically for its users, and also supports web-based trading. However, Spreadex lacks MetaTrader options, focusing instead on its unique platform features.
Both TMGM and Spreadex enable trading directly from a stock chart, catering to traders who appreciate quick execution. While TMGM provides 15 drawing tools for comprehensive charting analysis, Spreadex offers 11, which might still be sufficient for many traders. When it comes to watch lists, Spreadex has a slight edge with eight columns compared to TMGM's seven, offering a bit more customization for monitoring trade opportunities. Both brokers scored equally at four stars for their trading platforms and tools, according to ForexBrokers.com, though Spreadex slightly edges out TMGM in the rankings at 46th versus 48th place out of 63 brokers. While both platforms have their strengths, the choice ultimately depends on whether you prefer a proprietary platform or the widespread popularity of MetaTrader.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both TMGM and Spreadex offer mobile trading apps available for iPhone and Android users. They provide essential features such as price alerts for stocks and forex, as well as the ability to create watchlists with real-time quotes. While neither platform currently supports syncing watchlists between the mobile app and the online account, both apps enable traders to draw trendlines and explore multiple time frames for enhanced analysis. However, when it comes to technical studies in their charting tools, TMGM takes a step ahead by offering 30 different studies, whereas Spreadex does not disclose a specific number.
A noteworthy difference lies in the handling of chart drawings. TMGM automatically saves any drawing made on a stock or forex chart, while Spreadex does not. Both trading apps are rated 4 stars for their mobile trading experiences, though they rank differently according to ForexBrokers.com. Out of 63 brokers, TMGM holds the 47th position, slightly behind Spreadex, which is ranked 46th. This suggests a fairly comparable user experience for traders who prioritize mobile accessibility and functionality.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both TMGM and Spreadex provide daily market commentary and access to forex news from top-tier sources, ensuring that traders have timely information at their fingertips. TMGM distinguishes itself with technical analysis tools from Trading Central and offers sentiment-based trading tools as well as resources from Acuity Trading, such as Signal Centre. On the other hand, Spreadex provides an advantage with technical analysis tools from Autochartist, which TMGM does not offer. Additionally, both brokers have an economic calendar to keep traders informed about important global news events.
Despite TMGM’s extensive offerings, Spreadex holds a slight edge with a higher research rating, earning 4 stars, compared to TMGM's 3.5 stars. When ranked among 63 brokers by ForexBrokers.com, Spreadex stands at position #31 for research, significantly outperforming TMGM, which is positioned at #53. This comparative analysis highlights that while both brokers provide strong resources, Spreadex’s broader array of tools may offer traders a more comprehensive research experience.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| 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 | Yes |
| 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 for beginners, Spreadex stands out compared to TMGM. Spreadex offers a diverse collection of educational materials, including at least 10 educational pieces focusing on forex and CFDs, making it a valuable resource for novice traders looking to build a strong foundation. TMGM, on the other hand, does not meet this minimum threshold, limiting its offerings in this category. Furthermore, Spreadex provides an ample selection of beginner-focused trading videos, while TMGM falls short in this area. Both brokers offer an investor dictionary, which is useful for new traders seeking to understand key investing terms. However, neither TMGM nor Spreadex hosts online educational webinars on a regular monthly basis.
Though TMGM does feature a searchable archive of recorded webinars, which is beneficial for those who prefer learning through this medium, Spreadex lacks this resource. In terms of rankings, Spreadex scores higher in education with a 4-star rating and ranks 45th out of 63 brokers, whereas TMGM holds a 3.5-star rating and ranks 54th. Overall, beginners seeking comprehensive educational resources may find Spreadex a preferable choice for enhancing their trading knowledge and skills.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| 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 Spreadex. TMGM finished with an overall rank of #37, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
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| Trust Score | 83 | 71 |
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Both TMGM and Spreadex do not offer the ability to purchase actual (delivered) cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing the online brokers TMGM and Spreadex, both do not support ACH or SEPA transfers for account transactions; however, TMGM offers more diverse funding options by supporting PayPal and Skrill, in addition to Visa, Mastercard, and bank wires, while Spreadex supports only Visa, Mastercard, and bank wires.
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 | Spreadex | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review | Spreadex Review |
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| Regulation | TMGM | Spreadex | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2013 | 1999 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | TMGM | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| 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 | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 10000 | |
| Forex Pairs (Total) | 62 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.81 | |
| 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 | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | TMGM | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | TMGM | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | TMGM | Spreadex | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review | Spreadex Review |
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