ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

TMGM vs tastyfx 2024

ForexBrokers.com

Written by ForexBrokers.com

August 05, 2024

Is TMGM better than tastyfx? 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. tastyfx is considered Highly Trusted, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.

Select Brokers

×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFinecoBank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxForex4you
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxtastyfx
  • check_box_outline_blankcheck_boxTeleTrade
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrade360
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
Overall Rating TMGM tastyfx
Overall Rating info 4/5 Stars 5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Offering of Investments 4.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 5/5 Stars
Mobile Trading 4/5 Stars 5/5 Stars
Research 3.5/5 Stars 5/5 Stars
Education 3.5/5 Stars 5/5 Stars
Trust Score info 83 99
Winner check_circle
Review TMGM Review tastyfx Review
Broker Screenshots TMGM tastyfx
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation TMGM tastyfx
Trust Score info 83 99
Year Founded info 2013 1974
Publicly Traded (Listed) info No Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info No info Yes
Tier-1 Licenses info 2 8
Tier-2 Licenses info 0 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) TMGM tastyfx
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No Yes
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info No Yes
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No Yes
New Zealand (FMA Authorised) info Yes Yes
Regulated in one or more EU or EEA countries (MiFID). info No info Yes
Tier-2 Licenses (Trusted) TMGM tastyfx
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments TMGM tastyfx
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 12000 19537
Forex Pairs (Total) info 62 97
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
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 tastyfx
Average Spread EUR/USD - Standard info N/A info 0.98
All-in Cost EUR/USD - Active info N/A info 0.82
Active Trader or VIP Discounts info No Yes
Inactivity Fee info Yes Yes
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding TMGM tastyfx
Minimum Deposit info $100 $250.00
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms TMGM tastyfx
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools TMGM tastyfx
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 5
Charting - Indicators / Studies (Total) info 30 33
Charting - Drawing Tools (Total) info 15 20
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading TMGM tastyfx
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 Yes
Mobile Charting - Indicators / Studies info 30 33
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research TMGM tastyfx
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
TipRanks info No Yes
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education TMGM tastyfx
Education (Forex or CFDs) info No Yes
Client Webinars info No Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info No Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs TMGM tastyfx
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 tastyfx Review
Overall TMGM tastyfx
Overall Rating info 4/5 Stars 5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Offering of Investments 4.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 5/5 Stars
Mobile Trading 4/5 Stars 5/5 Stars
Research 3.5/5 Stars 5/5 Stars
Education 3.5/5 Stars 5/5 Stars
Trust Score info 83 99
Winner check_circle
Review TMGM Review tastyfx Review
arrow_upward

TMGM vs tastyfx Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare TMGM vs tastyfx.

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 tastyfx?

tastyfx's parent company, IG, is a publicly traded company, operates a regulated bank, and is authorised by eight Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). IG is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.

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 tastyfx good?

tastyfx, the US arm of IG's forex business, offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

What is the minimum deposit requirement for opening an account with TMGM?

To open a trading account with TMGM, you'll need to make an initial minimum deposit of $100.

What is the minimum deposit requirement for opening an account with tastyfx?

tastyfx requires a minimum deposit of $250.00 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. TMGM offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas tastyfx provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and PayPal (Deposit/Withdraw).

Does TMGM or tastyfx offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that TMGM offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is TMGM or tastyfx safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that tastyfx holds 8 global Tier-1 licenses, while TMGM holds 2. tastyfx holds 2 global Tier-2 licenses, while TMGM holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that tastyfx (99) earned a higher Trust Score than TMGM (83).

Which trading platform is better: TMGM or tastyfx?

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

Here’s what trading platforms are available at TMGM:

  • Proprietary Platform - No
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No

Here’s what trading platforms are available at tastyfx:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both TMGM and tastyfx offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. While TMGM offers copy trading, tastyfx does not.

What can I trade with each broker?

tastyfx provides traders 97 currency pairs (e.g., EUR/USD) compared to TMGM's 62 available pairs. If you are interested in trading a full range of securities, tastyfx offers traders access to 19537 tradeable symbols, while TMGM offers access to 12000 tradeable symbols; so tastyfx offers 7537 more tradeable symbols than TMGM.

We found in our testing that TMGM offers a more diverse selection of investment options than tastyfx, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical).

Overall winner: TMGM

travel_explore See the best forex brokers in your country.

Use our international search tool to find a broker that accepts clients from your country.

Popular Forex Reviews

Popular Forex Guides

Popular Forex Education

More Forex Guides

Popular Forex Broker Reviews


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.


close