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TMGM vs Spreadex 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is TMGM better than Spreadex? In our analysis of 23 international regulators across 62 of the best forex brokers, TMGM is considered Trusted, with an overall Trust Score of 83 out of 99. Spreadex is considered Trusted, with an overall Trust Score of 71 out of 99. Learn more about Trust Score.

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Overall Rating TMGM Spreadex
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 83 71
Winner check_circle
Review TMGM Review
Broker Screenshots TMGM Spreadex
Trading Platforms Gallery (click to expand) info
TMGM MetaTrader4 desktop trading platformzoom_in TMGM MetaTrader4 desktop trading platform chartszoom_in TMGM MetaTrader4 desktop trading platform signals marketzoom_in TMGM MetaTrader4 desktop trading platform watchlistzoom_in TMGM MetaTrader4 web platformzoom_in TMGM client dashboard loginzoom_in
Mobile Trading Gallery (click to expand) info
TMGM MetaTrader 4 MT4 mobile appzoom_in TMGM MetaTrader 4 MT4 mobile appzoom_in TMGM MetaTrader 4 MT4 mobile app chartszoom_in TMGM MetaTrader 4 MT4 mobile app trade ticketzoom_in TMGM MetaTrader 4 MT4 app forex news headlineszoom_in
Research Gallery (click to expand) info
TMGM research daily market commentaryzoom_in TMGM client dashboard research Trading Central TC Market Buzz newszoom_in TMGM client dashboard research Trading Central TC Economic Insights economic calendarzoom_in TMGM client dashboard research Trading Central Featured Ideas newszoom_in TMGM client dashboard research Trading Central Analyst Views newszoom_in TMGM MetaTrader4 desktop trading platform news headlineszoom_in
Education Gallery (click to expand) info
TMGM learning center academy educational courseszoom_in TMGM learning center academy educational advanced course quizzoom_in TMGM learning center academy educational beginner courses progress trackingzoom_in TMGM learning center academy educational advanced course quiz resultszoom_in TMGM learning center academy educational intermediate courses progress trackingzoom_in TMGM YouTube webinars Trade View post pandemic trading strategies videozoom_in TMGM YouTube webinars Trade View post pandemic trading strategieszoom_in
Regulation TMGM Spreadex
Trust Score info 83 71
Year Founded info 2013 1999
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info No info No info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 0
Tier-1 Licenses (Highly Trusted) TMGM Spreadex
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
European Union Authorised (MiFID) info No info No info
Tier-2 Licenses (Trusted) TMGM Spreadex
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments TMGM Spreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 12000 2000
Forex Pairs (Total) info 62 52
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 info 0.96 info N/A info
All-in Cost EUR/USD - Active info 0.76 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding TMGM Spreadex
Minimum Deposit info $100 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms TMGM Spreadex
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools TMGM Spreadex
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7
Charting - Indicators / Studies (Total) info 30 55
Charting - Drawing Tools (Total) info 15 10
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading TMGM Spreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Forex Calendar info Yes Yes
Research TMGM Spreadex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education TMGM Spreadex
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info No Yes
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs TMGM Spreadex
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review TMGM Review
Overall TMGM Spreadex
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 83 71
Winner check_circle
Review TMGM Review
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TMGM vs Spreadex Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare TMGM vs Spreadex.

Does TMGM or Spreadex offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, TMGM offers better pricing overall for traders.

Is TMGM or Spreadex safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. TMGM holds 2 global Tier-1 licenses, while Spreadex holds 1. Both TMGM and Spreadex hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, TMGM (83) earned a higher Trust Score than Spreadex (71).

Which trading platform is better: TMGM or Spreadex?

To compare the trading platforms of both TMGM and Spreadex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TMGM offers a better experience. With research, Spreadex offers superior market research. Finally, we found TMGM to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

TMGM provides traders 62 currency pairs (e.g., EUR/USD) compared to Spreadex's 52 available pairs. Forex pairs aside, TMGM offers traders access to 12000 CFDs while Spreadex has 2000 available CFDs, a difference of 10000.

Can I trust TMGM?

TMGM is not publicly traded and does not operate a bank. TMGM is authorised by two tier-1 regulators (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulator (Average Risk), and two tier-4 regulators (High Risk). TMGM is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Financial Markets Authority (FMA).

Can I trust Spreadex?

Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Is TMGM good?

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.

Is Spreadex good?

SpreadEx is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. SpreadEx still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.

Overall winner: TMGM

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announcementPlease 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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