Written by ForexBrokers.com
In this head to head comparison of Swissquote vs TMGM, 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.
Founded in 1996, Swissquote stands out for its strong regulatory credentials, which include five top-tier licenses and two additional trusted licenses. As a publicly traded bank, Swissquote showcases its commitment to transparency and security, securing the highest possible Trust Score of 99 from ForexBrokers.com, placing it among the most trusted brokers in the industry. This high level of trust is reinforced by its broader regulatory oversight and long-standing presence in the financial market.
In contrast, TMGM, which was founded in 2013, holds two top-tier licenses but does not share the same banking or public trading status as Swissquote. Without Tier-2 licenses, TMGM retains a solid Trust Score of 83, indicating it is still a trustworthy choice. While they boast a shorter track record and fewer licenses, TMGM continues to offer competitive services without the backing of bank status or public trading that some investors might prefer for added assurance.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Year Founded | 1996 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commissions and fees of Swissquote and TMGM, it's clear that both brokers offer distinct advantages and considerations. Swissquote, a reputable Swiss banking conglomerate, provides a diversified array of account options in its U.K., Luxembourg, and Swiss branches. However, its pricing structure may not appeal to those seeking the most affordable trading costs. In the U.K., Swissquote's Elite account requires a $10,000 deposit but features competitive spreads and a commission of $5 per round-turn trade. On the other hand, their Standard and Prime accounts offer less competitive spreads, starting at 1.3 pips and 0.6 pips on the EUR/USD, respectively. Across its Luxembourg and Swiss entities, minimum spreads range from 0.8 to 1.7 pips, with higher deposits required for tighter spreads. Swissquote earns a rating of 3.5 out of 5 stars and ranks #53 out of 63 brokers for commissions and fees.
TMGM, in contrast, delivers competitive rates primarily through its Edge account, which charges a $7 commission per round-trip trade along with lower prevailing spreads, though the specific average for EUR/USD spreads is unavailable. Potential clients can choose between the commission-based Edge account and the spread-only Classic account. The Edge account stands out as the optimal choice, especially for Islamic finance customers, as it's the only account offering swap-free options. TMGM is rated slightly higher with 4 out of 5 stars and ranks better at #36 among 63 brokers in the commissions and fees category.
Overall, while Swissquote offers the prestige of a Swiss bank and a variety of account options catered to different traders' needs, TMGM provides a more cost-effective choice for those focused on minimizing trading expenses and preferring straightforward pricing models. Each broker has its strengths, but TMGM's competitive pricing gives it an edge for those looking to keep trading costs down.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| 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 investment options available at Swissquote and TMGM, investors can observe some key differences in offerings. Swissquote provides access to 472 tradeable symbols, including 80 forex pairs, and even allows clients to buy actual shares on U.S. and international exchanges, like Apple on NASDAQ or Vodafone on the London Stock Exchange. In contrast, TMGM focuses on offering a massive collection of 12,000 tradeable symbols and 62 forex pairs, but does not provide direct access to U.S. or international stock markets for physical share investments.
Both platforms support forex trading through CFDs or spot contracts, and they each offer copy trading features. However, Swissquote stands out by enabling clients to purchase both actual cryptocurrencies and their derivatives, whereas TMGM limits investors to cryptocurrency derivatives only. These differences contribute to Swissquote receiving a 5-star rating for its range of investment options, ranking it second among 63 brokers on ForexBrokers.com, while TMGM, despite its broad symbol offering, receives a 4.5-star rating and ranks 17th in the same category.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 12000 |
| Forex Pairs (Total) | 80 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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 the trading platforms and tools offered by Swissquote and TMGM, both brokers provide simulated trading through free virtual demo accounts, catering to those who want to test strategies risk-free. Swissquote stands out by offering its own proprietary platform, in addition to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while TMGM relies solely on widely recognized platforms like MT4 and MT5. Both firms accommodate desktop and web-based trading, alongside copy trading features, allowing users to trade effectively and flexibly across devices. Notably, neither broker supports additional social trading platforms such as DupliTrade or ZuluTrade.
Swissquote demonstrates greater charting capabilities, with 75 drawing tools compared to TMGM's 15, enhancing its appeal for those seeking detailed technical analysis. Furthermore, Swissquote offers more columns in its watch lists, providing 11 fields versus TMGM's 7, enabling better portfolio management. These advanced features contribute to Swissquote’s higher rating of 4.5 stars for trading platforms and tools, compared to TMGM's 4 stars. Ranked 12th out of 63 brokers by ForexBrokers.com for this category, Swissquote clearly outpaces TMGM, which is positioned at 48th place.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Swissquote and TMGM, both platforms offer apps for iPhone and Android users, providing versatile access for traders on the go. Both apps allow users to set stock or forex price alerts and feature 30 technical studies for comprehensive chart analysis. They also support drawing trendlines on charts and viewing multiple time frames, such as daily, weekly, or intraday views. Unfortunately, neither Swissquote nor TMGM supports syncing watchlist symbols between their mobile app and online accounts, meaning watchlist changes made in the app won't automatically update online, and vice versa.
Both apps auto-save chart drawings, ensuring that traders' annotations are retained over sessions. Furthermore, they both offer the creation of watchlists with real-time quotes, enhancing tracking capabilities for users. Where Swissquote outshines TMGM is in the ratings and rankings. Swissquote's mobile app is rated 4.5 out of 5 stars and holds the 12th spot among 63 brokers on ForexBrokers.com. In contrast, TMGM's app is rated slightly lower at 4 stars and is ranked 47th, indicating a stronger overall performance and user satisfaction with Swissquote's mobile trading experience.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| 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 the market research offerings between Swissquote and TMGM, both brokers provide daily market commentary and deliver forex news from leading sources like Bloomberg, Reuters, and Dow Jones. Swissquote stands out by offering tools from Autochartist, which aids in technical and fundamental analysis, while TMGM utilizes Trading Central's tools for technical analytics. Additionally, TMGM provides sentiment-based trading tools and resources from Acuity Trading, which Swissquote does not.
Both Swissquote and TMGM feature economic calendars to help traders stay informed on global events, yet Swissquote's research capabilities receive a higher accolade with a 4-star rating and ranking of 16 out of 63 brokers according to ForexBrokers.com. On the other hand, TMGM earns a 3.5-star rating and ranks 53rd in the same category. This analysis points to Swissquote offering a slightly more comprehensive set of research tools, gathering more favorable reviews in the field.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners provided by Swissquote and TMGM, it's clear that Swissquote takes the lead. Swissquote offers over 10 educational pieces dedicated to forex and CFDs, along with monthly online client webinars to enhance learning for novice traders. They also provide a searchable archive of previously recorded webinars, giving traders the flexibility to learn at their convenience. In addition to these offerings, Swissquote has a library of beginner videos covering essential trading topics, making it easier for new traders to get started. Their educational content includes advanced videos for those looking to deepen their knowledge, as well as an extensive investor dictionary with definitions of over 50 investing terms.
TMGM, on the other hand, offers fewer educational resources for beginners. While they provide a searchable archive of client webinars and an investor dictionary similar to Swissquote's, they do not meet the minimum of 10 educational materials focused on forex and CFDs or beginner trading videos. As a result, TMGM's educational offerings may not be as comprehensive for beginners. This difference is reflected in their ratings; Swissquote receives a 4-star rating for education, higher than TMGM's 3.5 stars. According to ForexBrokers.com, Swissquote ranks #21 out of 63 brokers in the Education category, whereas TMGM is placed much lower at #54, indicating that Swissquote provides a more enriching educational experience for new traders.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | 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 Swissquote is better than TMGM. Swissquote finished with an overall rank of #11, while TMGM finished with an overall rank of #37.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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Swissquote allows users to purchase actual delivered cryptocurrency and also offers cryptocurrency derivatives, whereas TMGM provides the option to trade cryptocurrency derivatives only, without the capability to buy actual delivered cryptocurrency.
When comparing online brokers Swissquote and TMGM, Swissquote stands out by offering more diverse transfer options for deposits and withdrawals, including ACH and SEPA transfers, which TMGM does not provide, while both platforms offer similar access to popular payment methods such as PayPal, Skrill, 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 | Swissquote | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Swissquote Review | TMGM Review |
| Broker Screenshots | Swissquote | TMGM | |
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| Regulation | Swissquote | TMGM | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1996 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Swissquote | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 12000 | |
| Forex Pairs (Total) | 80 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | TMGM | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Yes | No |
| Trading Platforms | Swissquote | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Swissquote | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | TMGM | |
|---|---|---|---|
| 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 | Swissquote | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | TMGM | |
|---|---|---|---|
| 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 | Swissquote Review | TMGM Review |
| Overall | Swissquote | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Swissquote Review | TMGM Review |
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