Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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 2010, ThinkMarkets is an online broker that inspires confidence with a ForexBrokers.com Trust Score rating of 92, making it highly trusted. The company is not publicly traded and does not operate as a bank. ThinkMarkets holds five Tier-1 licenses, which are deemed highly reliable, and two Tier-2 licenses, adding to its credibility. This robust regulatory framework sets it apart as a highly secure option for traders seeking a trustworthy online broker.
TMGM, on the other hand, was established in 2013 and offers a solid reputation with a ForexBrokers.com Trust Score rating of 83, categorizing it as trusted. Like ThinkMarkets, TMGM is not publicly traded and is not a banking institution. It holds two Tier-1 licenses, securing its status as a trusted platform. While TMGM does not possess Tier-2 licenses, it still provides a trustworthy environment for trading, supported by its adequate regulation.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Year Founded | 2010 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When evaluating commissions and fees between ThinkMarkets and TMGM, both brokers offer compelling options, though their approaches differ. ThinkMarkets doesn't provide specific average spread data, making it harder to assess the exact trading costs upfront. Despite this lack of clarity, ThinkMarkets receives a commendable rating of 4 out of 5 stars for commissions and fees, ranking 47th out of 63 brokers on ForexBrokers.com.
In contrast, TMGM provides clearer details on its fee structure. For those selecting the Edge account, TMGM charges a competitive commission of $3.50 per side, in addition to low spreads, appealing to traders who seek transparent and competitive pricing. However, specific average spread data for currency pairs like the EUR/USD is not provided, which is vital for comprehensive cost analysis. TMGM also enjoys a 4-star rating in this category, securing a higher rank of 36th among 63 brokers, according to ForexBrokers.com. Islamic traders will appreciate the Sharia-compliant option available with the Edge account, as it offers swap-free trading.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
Both ThinkMarkets and TMGM offer forex trading as both CFDs and spot contracts, providing a solid foundation for traders interested in the currency markets. TMGM edges ahead with a larger selection of tradeable symbols, boasting 12,000 compared to ThinkMarkets’ 4,000. This includes TMGM's 62 forex pairs, surpassing the 46 offered by ThinkMarkets. Neither broker provides the option to invest in exchange-traded securities on U.S. exchanges. However, ThinkMarkets offers an advantage for those looking to invest internationally with access to exchange-traded securities on global exchanges.
For more diverse trading options, both brokers provide cryptocurrency derivatives, though investors cannot purchase actual cryptocurrencies. Both ThinkMarkets and TMGM also support copy trading, making it easier for beginners to learn from more experienced traders. Overall, both brokers are equally rated at 4.5 stars for their range of investments. However, TMGM is ranked slightly higher at #17 by ForexBrokers.com, compared to ThinkMarkets' ranking of #22, which may sway traders looking for greater investment variety.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 12000 |
| Forex Pairs (Total) | 46 | 62 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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.
When comparing ThinkMarkets and TMGM with regards to their trading platforms and tools, both brokers provide ample options for simulation with free virtual demo accounts available. ThinkMarkets takes a step further by offering a proprietary platform developed in-house, in addition to their offerings of MetaTrader 4 (MT4) and MetaTrader 5 (MT5). TMGM, while lacking a proprietary platform, also supports MT4 and MT5, aligning with ThinkMarkets in this aspect. Both brokers excel in offering accessibility through Windows-based desktop downloadable platforms, as well as web-based trading options, allowing for flexible trading experiences. Copy trading is available on both platforms, although neither supports DupliTrade or ZuluTrade. Additionally, each broker allows trading directly from stock charts, providing an integrated charting experience.
Charting tools at ThinkMarkets and TMGM include 15 drawing tools each, yet ThinkMarkets offers more customization for watch lists with 15 columns or fields, compared to just seven with TMGM. In user reviews, both brokers achieve a solid four-star rating for their trading platforms and tools. However, ThinkMarkets is recognized as having a slight edge in industry rankings, securing the 28th spot out of 63 brokers while TMGM holds the 48th position. Despite these differences, both brokers present quality tools for traders looking for comprehensive analysis and functionality across different devices.
| Feature |
ThinkMarkets
|
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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ThinkMarkets and TMGM both offer mobile trading apps for iPhone and Android users, providing essential features such as receiving stock or forex price alerts, drawing trendlines on charts, and viewing multiple time frames. While both apps let users create watchlists with real-time quotes, neither supports watchlist symbol syncing with online accounts. One noticeable difference is the number of technical studies they offer for charting: ThinkMarkets provides 94, considerably more than TMGM's 30. This makes ThinkMarkets a more appealing choice for traders who rely heavily on technical analysis.
Furthermore, both apps automatically save drawings on stock or forex charts, ensuring a seamless experience. In terms of user ratings, each app scores a solid four out of five stars. However, the distinction in their standings is quite clear when considering rankings by ForexBrokers.com. ThinkMarkets holds a stronger position at 20th, while TMGM is ranked 47th out of 63 brokers. This difference indicates that although both apps provide similar baseline features, ThinkMarkets may deliver a slightly more favorable user experience overall.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 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 ThinkMarkets and TMGM for market research offerings, both brokers provide daily market commentary and access to forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. Each also features sentiment-based trading tools that reveal the ratio of long or short positions across currency pairs. Additionally, both ThinkMarkets and TMGM include research tools from Acuity Trading, such as the Signal Centre, and offer economic calendars highlighting significant worldwide news events.
Differences between the two brokers become apparent in their integration of third-party analysis tools. TMGM has an edge with the inclusion of technical analysis from Trading Central, which is not offered by ThinkMarkets. Neither broker supports tools from Autochartist or market research from TipRanks. In terms of research quality, both hold a rating of 3.5 stars. On ForexBrokers.com, ThinkMarkets is ranked 50th, slightly ahead of TMGM's 53rd position out of 63 brokers assessed.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, ThinkMarkets stands out with a diverse range of offerings. They provide more than 10 pieces focused on forex and CFDs, including articles, videos, and webinars. ThinkMarkets also hosts at least one educational webinar each month, with a recorded archive available for clients who wish to revisit past sessions. For those just starting, ThinkMarkets offers 10 educational videos tailored to beginners, alongside a dictionary featuring more than 50 investing terms. Their educational initiative earns them a 3.5-star rating and a #52 rank in ForexBrokers.com’s education category.
On the other hand, TMGM provides fewer educational resources to beginners. Although they offer a searchable archive of past webinars and an investor dictionary with over 50 terms, they don’t meet the minimum threshold of 10 educational materials centered on forex or CFDs. TMGM also falls short in offering monthly educational webinars and dedicated content for beginners' or advanced traders’ videos. These limitations are reflected in their 3.5-star education rating and a #54 rank in ForexBrokers.com's education standings. For newcomers eager to learn, ThinkMarkets may offer a more supportive educational environment.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than TMGM. ThinkMarkets finished with an overall rank of #27, while TMGM finished with an overall rank of #37.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 83 |
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Both ThinkMarkets and TMGM do not allow the purchase of actual cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers ThinkMarkets and TMGM, both offer Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals; however, TMGM additionally supports PayPal, which is not available with ThinkMarkets, while neither broker provides ACH or SEPA transfer options.
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 | ThinkMarkets | TMGM | |
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| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | ThinkMarkets | TMGM | |
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| Regulation | ThinkMarkets | TMGM | |
|---|---|---|---|
| Trust Score | 92 | 83 | |
| Year Founded | 2010 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | 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 | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | 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 | ThinkMarkets | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 12000 | |
| Forex Pairs (Total) | 46 | 62 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | ThinkMarkets | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 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 | ThinkMarkets | TMGM | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ThinkMarkets | 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 | ThinkMarkets | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | 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 | 94 | 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 | ThinkMarkets | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | 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 | ThinkMarkets | 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 | TMGM Review |
| Overall | ThinkMarkets | TMGM | |
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| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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