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 |
Comparing commissions and fees, TMGM and Spreadex both earn 4 stars, yet their pricing transparency differs. Spreadex publishes average spread data, while TMGM does not for EUR/USD, which makes it harder to gauge total trading costs at a glance. In ForexBrokers.com’s Commissions and Fees category, TMGM ranks #37 out of 63 brokers, while Spreadex ranks higher at #28.
TMGM offers two account types: a spread-only Classic account and the commission-based Edge account. The Edge account is the better value for active traders, charging a low $3.50 per side ($7 round trip) plus tight prevailing spreads, and it’s also the only option for swap-free (Islamic) accounts. However, TMGM does not publish recent EUR/USD average spreads, a key data point many traders use to compare costs.
Spreadex discloses its pricing: in January 2024, the average EUR/USD spread was 0.81 pips, with the minimum spread of 0.6 pips reached 60% of the time. This level of detail helps traders estimate real-world costs more easily. Overall, both brokers score 4/5 for pricing, but Spreadex’s higher ranking (#28 vs. TMGM’s #37) and published spread data give it a slight edge for fee transparency.
| 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.
TMGM and Spreadex both support forex trading (CFD or spot) and offer a broad range of markets. TMGM provides about 12,000 tradeable symbols and 62 forex pairs, while Spreadex lists roughly 10,000 symbols and 52 forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, and neither lets you buy actual cryptocurrency; however, both do provide cryptocurrency derivatives.
For extras, TMGM includes copy trading, which Spreadex does not. In independent ratings for range of investments, Spreadex scores 5 stars (ranked 14th out of 63 brokers), while TMGM earns 4.5 stars (ranked 18th). Consider TMGM if you want more symbols and copy trading, or Spreadex if you prefer a higher third-party rating in this category.
| 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.
Comparing TMGM vs Spreadex for trading platforms and tools: both brokers offer free demo (paper) accounts and web-based trading with the ability to trade directly from charts. Spreadex provides its own proprietary web platform, while TMGM focuses on the popular MetaTrader suite—MT4 and MT5. TMGM also offers a Windows desktop platform and supports copy trading; Spreadex does not have a Windows download and does not support copy trading. Neither broker integrates DupliTrade or ZuluTrade.
For charting, TMGM lists 15 drawing tools versus 11 at Spreadex, while the number of indicators wasn’t specified for either. Watch lists are customizable, with 7 fields at TMGM and 8 at Spreadex. Both brokers earn 4 stars for Trading Platforms and Tools. In ForexBrokers.com’s rankings out of 63 brokers, Spreadex places #47 and TMGM ranks #49.
| 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.
TMGM and Spreadex both cover the basics for mobile trading with iPhone and Android apps, price alerts, and real-time watchlists. Charting tools on each app let you draw trendlines and switch among multiple time frames. TMGM stands out by auto‑saving chart drawings, while Spreadex does not. TMGM also lists 30 built‑in technical studies for its mobile charts; Spreadex doesn’t disclose a count.
As for quality scores, both brokers earn 4 stars for their mobile trading apps. In the latest 63‑broker review by ForexBrokers.com, Spreadex ranks #47, edging TMGM at #48. If you value auto‑saved drawings and a stated set of indicators, TMGM has a slight feature edge; if rankings sway you, Spreadex is a hair ahead.
| 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.
TMGM and Spreadex both cover the essentials for market research: each delivers daily market commentary, premium forex news from major outlets like Bloomberg or Reuters, a trader sentiment tool, and an economic calendar to track upcoming events. Neither broker includes TipRanks, so equity research signals from that provider aren’t part of the package.
The key differences are in the add-on tools. Spreadex integrates Autochartist for automated chart pattern scanning, while TMGM counters with Trading Central plus Acuity Trading (Signal Centre), which can appeal to traders who want analyst-driven insights and AI-powered signals. For overall research quality, ForexBrokers.com rates Spreadex slightly higher at 4 stars and ranks it #32 of 63, whereas TMGM earns 3.5 stars and ranks #54. In short, choose Spreadex if you value Autochartist and a higher third-party rating; pick TMGM if Trading Central and Acuity Trading better match your workflow.
| 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
|
Spreadex
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 83 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | TMGM | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review | Spreadex Review |
| Broker Screenshots | TMGM | Spreadex | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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) | |||
| 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) | |||
| 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) |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review | Spreadex Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill