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 |
Comparing commissions and fees, TMGM generally comes out cheaper than Swissquote. TMGM earns 4 out of 5 stars for costs and ranks #37 of 63, while Swissquote scores 3.5 out of 5 stars and ranks #54 of 63. Swissquote’s pricing reflects the appeal of its Swiss banking group, so you’ll typically pay a small premium versus many low-cost forex brokers. TMGM’s pricing is more aggressive for active traders, though its lack of recent average spread data for EUR/USD makes apples-to-apples comparisons harder.
Swissquote’s fees vary by region and account. In the U.K., the Elite account suits active traders who can deposit at least $10,000, pairing lower spreads with a $5 round‑turn commission; Standard starts from 1.3 pips on EUR/USD, and Prime advertises minimum spreads from 0.6 pips (note: minimums, not averages). In Luxembourg, minimum spreads run from 1.5 pips (Standard, $1,000 minimum) down to 0.8 pips (Prime, $50,000 minimum). In Switzerland, Standard starts from 1.7 pips (minimum $1,000), Premium from 1.4 pips ($10,000), and Prime from 1.1 pips ($50,000), with custom pricing negotiable for high volume.
TMGM offers two main choices: the spread‑only Classic account, or the commission-based Edge account. Edge is the value pick for frequent traders, charging $3.50 per side ($7 per round trip) on top of low prevailing spreads and advertising no requotes. TMGM does not publish recent average EUR/USD spreads—something many cost-conscious traders prefer to see—so your actual total cost will depend on live market conditions. Islamic (swap‑free) accounts are available on the Edge account only.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
For the widest slate of CFDs, TMGM lists about 12,000 tradeable symbols, far more than Swissquote’s 472. That said, Swissquote offers more forex pairs (80 vs 62), and both brokers support forex trading—available as CFDs or as spot contracts.
Swissquote stands out if you want actual exchange-traded shares: it lets clients buy U.S. and international stocks directly, while TMGM does not offer exchange-traded shares. Swissquote also lets you buy real cryptocurrencies as well as crypto CFDs; TMGM offers crypto via CFDs only. In the Range of Investments category, Swissquote is rated 5 stars and ranks #2 out of 63 brokers, while TMGM is rated 4.5 stars and ranks #18.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 12000 |
| Forex Pairs (Total) | 80 | 62 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
Swissquote and TMGM both make it easy to get started with a free demo account for paper trading. Each broker offers a web-based platform and a Windows desktop download, plus support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Copy trading is available at both, and you can place trades directly from charts. A key difference: Swissquote also provides its own in-house trading platform, while TMGM does not.
For trading platforms and tools, Swissquote earns 4.5 out of 5 stars and ranks #12 out of 63 brokers, while TMGM earns 4 out of 5 stars and ranks #49. If you want an in-house platform alongside MetaTrader, Swissquote stands out; if you’re focused on MT4/MT5, both brokers cover the essentials.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and TMGM both offer mobile trading apps for iPhone and Android. Each app supports price alerts and includes 30 technical studies for charting. You can draw trendlines and your drawings auto-save on both platforms. One limitation shared by both brokers is the lack of watchlist symbol syncing between the mobile app and the online account.
In independent testing by ForexBrokers.com, Swissquote earns a higher score for mobile trading (4.5/5 stars, ranked 12th out of 63), while TMGM receives 4/5 stars and ranks 48th. If you want an app with the same charting depth but a higher overall rating and placement, Swissquote has the edge; if you’re after core mobile features across iPhone and Android, TMGM still covers the basics well.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Swissquote and TMGM both cover the basics well for market research: each delivers daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), and an economic calendar. According to ForexBrokers.com, Swissquote earns a higher research score (4 stars, ranked 16th of 63) compared with TMGM (3.5 stars, ranked 54th), which may appeal to traders who value stronger editorial depth and broad news coverage.
The two brokers differ in their research tools. Swissquote includes Autochartist, while TMGM does not. TMGM counters with Trading Central, a built-in sentiment tool showing long/short ratios, and Acuity Trading’s Signal Centre—features Swissquote doesn’t offer. Neither broker integrates TipRanks. In short, choose Swissquote if you want Autochartist and a higher-rated research experience, or pick TMGM if Trading Central, sentiment data, and Acuity tools are priorities.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re learning forex or CFDs, Swissquote gives beginners more to work with. It runs client webinars at least once a month and offers at least 10 beginner trading videos, plus 10+ advanced videos you can grow into. This steady stream of lessons makes it easier to build skills step by step. Swissquote’s education is rated 4 out of 5 stars and ranks #20 out of 63 brokers for Education on ForexBrokers.com.
TMGM’s education is lighter for newcomers: it does not run monthly educational webinars and does not meet the 10-video mark for beginner or advanced topics. That means fewer ready-made lessons to follow when starting out. Reflecting that, TMGM earns 3.5 out of 5 stars for Education and ranks #54 of 63. If structured learning and frequent webinars matter to you, Swissquote will likely suit beginners better; if you only need occasional reading and videos, TMGM may still cover the basics.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
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
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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Swissquote vs TMGM: Swissquote lets you buy actual (delivered) cryptocurrencies and trade crypto CFDs, while TMGM offers crypto CFDs only and does not support purchasing delivered coins.
Swissquote supports ACH/SEPA, PayPal, Skrill, and bank wire deposits and withdrawals, whereas TMGM does not offer ACH/SEPA and provides no specified information on PayPal, Skrill, Visa/Mastercard, or 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 | ||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Swissquote | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 12000 | |
| Forex Pairs (Total) | 80 | 62 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | TMGM | |
|---|---|---|---|
| Minimum Deposit | $1000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Swissquote | TMGM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Swissquote | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Swissquote | TMGM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | TMGM | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Swissquote | TMGM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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