Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
When comparing Tickmill and TMGM, both renowned online brokers, it's important to consider their trust scores and regulatory credentials. Founded in 2014, Tickmill holds two highly regarded Tier-1 licenses and two trusted Tier-2 licenses, contributing to its commendable Trust Score of 86 out of 99 from ForexBrokers.com. This places Tickmill comfortably in the trusted category for traders. Meanwhile, TMGM, established in 2013, also holds two Tier-1 licenses but lacks Tier-2 licenses, resulting in a slightly lower Trust Score of 83. This score still signifies a reliable level of trustworthiness, though slightly behind Tickmill in regulatory strength.
Neither Tickmill nor TMGM are publicly traded or classified as banks, which is typical for many online brokers. Despite these similarities, their regulatory licenses make a notable difference for potential investors. Both companies' Tier-1 licenses indicate they are highly trusted, but Tickmill's additional Tier-2 licenses may provide an added layer of assurance for those concerned with security and regulation. Overall, both brokers offer strong trust levels, though Tickmill edges out slightly with its more comprehensive regulatory framework.
| Feature |
Tickmill
|
TMGM
|
|---|---|---|
| Year Founded | 2014 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing Tickmill and TMGM for commissions and fees, both brokers offer options catering to different trading preferences. Tickmill provides a Classic account with no commissions and a Raw account that applies a $3 per side charge per standard lot. Despite this increase, Tickmill remains a top choice for active traders due to its low average spreads, ranking it 4th out of 63 brokers with a 5-star rating in the forex industry. The Classic account has higher spreads, averaging 1.76 pips as of August 2023, while the Raw account offers more competitive spreads, listing typical spreads of 0.11 pips for EUR/USD, amounting to an all-in cost of 0.71 pips per trade.
TMGM's commission-based Edge account boasts a competitive $3.50 per side fee, equivalent to $7 per round trip, which pairs with low prevailing spreads to create appealing trading conditions. However, detailed spread data for EUR/USD wasn't provided, which some traders typically rely on to assess overall costs. For traders choosing between TMGM's spread-only Classic account and the commission-based Edge account, the latter may prove more cost-effective due to its attractive fee structure. TMGM is rated 4 stars for commissions and fees, ranking it 36th among 63 brokers evaluated by ForexBrokers.com.
Both brokers offer unique advantages: Tickmill caters to traders seeking minimal spreads and a straightforward, low-entry Raw account, while TMGM presents competitive fees in their Edge account, particularly enticing for those looking for Sharia-compliant options. Traders should weigh these factors against their specific trading needs to decide the most suitable broker.
| Feature |
Tickmill
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.70 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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 scope of investments offered by Tickmill and TMGM, it's clear that each platform has its unique strengths. Both brokers provide forex trading as a contract for difference (CFD), with Tickmill offering 63 forex pairs and TMGM providing 62. However, TMGM takes a significant lead when it comes to the overall number of tradeable symbols available, boasting an impressive 12,000 compared to Tickmill’s 637. Additionally, while neither broker offers exchange-traded securities on U.S. or international exchanges, both platforms support trading in cryptocurrency derivatives, but not in actual cryptocurrencies.
Beyond the numbers, the brokers also support strategies like copy trading, making them versatile choices for different kinds of traders. However, TMGM edges out Tickmill in terms of broader investment options, earning a higher rating of 4.5 stars for its range of investments, compared to Tickmill's 3.5 stars. This is reflected in their rankings on ForexBrokers.com, where TMGM holds the 17th position, significantly higher than Tickmill's rank at 42. Overall, while both brokers have their merits, TMGM seems to offer a wider variety of investment opportunities for traders.
| Feature |
Tickmill
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 12000 |
| Forex Pairs (Total) | 63 | 62 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 the trading platforms and tools offered by Tickmill and TMGM, both brokers provide a comprehensive range without relying on proprietary platforms, focusing instead on popular choices like MetaTrader 4 and MetaTrader 5. Both Tickmill and TMGM cater to traders with Windows-based desktop platforms as well as web-based options, ensuring accessibility across different devices. Additionally, both brokers offer demo accounts for simulated trading, allowing users to practice without financial risk. Traders will find the flexibility of copy trading available with both brokers, although neither offers services like DupliTrade or ZuluTrade. Tickmill and TMGM enable trading directly from stock charts, which can be a significant convenience for users. However, TMGM offers more drawing tools for charting with 15 available options compared to Tickmill's 9, giving TMGM a slight edge in this area.
In terms of watch list customization, both brokers are evenly matched, providing seven columns or fields for traders to adjust according to their preferences. The quality of the trading platforms and tools from both Tickmill and TMGM has earned each a four-star rating. Despite the similar overall ratings, their rankings on ForexBrokers.com differ significantly; Tickmill is positioned at #29, whereas TMGM holds the #48 spot out of 63 brokers in the category. This discrepancy indicates that while both offer solid platforms and tools, Tickmill might be slightly favored by experts in this regard.
| Feature |
Tickmill
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 91 | 30 |
| Charting - Drawing Tools (Total) | 9 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and TMGM offer functional mobile trading apps for iPhone and Android users. Traders with both brokers can access a variety of tools, including stock and forex price alerts, 30 technical studies for charting, and the ability to draw trendlines. Both apps allow users to view different time frames on charts and auto-save drawings, ensuring that technical analysis remains intact across sessions. Each app supports watchlist creation with real-time quotes, though neither offers watchlist symbol syncing between mobile and online accounts, which might be a consideration for traders who frequently switch between devices.
When it comes to user ratings, both Tickmill and TMGM receive a solid 4-star rating for their mobile trading apps. However, the rankings by ForexBrokers.com set them apart: Tickmill holds the 29th spot among 63 brokers, whereas TMGM is ranked 47th. This difference might be worth noting for traders who place significant emphasis on app rankings when choosing a brokerage for mobile trading.
| Feature |
Tickmill
|
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 of Tickmill and TMGM, both brokers provide daily market commentary and deliver forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. While both offer sentiment-based trading tools and maintain economic calendars to keep users informed about global events, neither broker supports research from firm TipRanks. However, both Tickmill and TMGM incorporate research tools from Acuity Trading, like Signal Centre, but only TMGM includes technical analysis tools from Trading Central.
Despite these similarities, Tickmill edges ahead with a research rating of 4 stars compared to TMGM's 3.5 stars. According to ForexBrokers.com, Tickmill is ranked 21st out of 63 brokers for research, significantly outperforming TMGM, which is ranked at 53rd. This emphasizes Tickmill’s comprehensive market analysis offerings, making it a more favorable choice for traders focused on research capabilities.
| Feature |
Tickmill
|
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, Tickmill stands out as a strong option for those new to forex or CFD trading. Tickmill offers a comprehensive suite of over 10 educational pieces, including articles, videos, and archived webinars that cover various trading topics. Their commitment to education does not stop there; they also host monthly online webinars to educate clients further. In addition, Tickmill provides access to an archive of recorded webinars for clients to explore at their convenience and offers a range of beginner and advanced educational videos. To aid in understanding trading terminology, Tickmill also supplies an investor dictionary with over 50 investing terms. This dedication to education has earned Tickmill a 4-star rating in the education category according to ForexBrokers.com, placing them 15th out of 63 brokers.
By contrast, TMGM provides a more limited offering. Although they have a searchable archive of previously recorded client webinars and offer an investor dictionary with over 50 investing terms, they do not meet the minimum benchmark of 10 educational resources focused on forex or CFDs. TMGM also lacks monthly educational webinars and does not provide a substantial range of beginner or advanced educational videos. Their educational resources have resulted in a 3.5-star rating in the education category and a 54th-place ranking out of 63 brokers by ForexBrokers.com. Beginners may find fewer materials and opportunities for structured learning with TMGM compared to the offerings available through Tickmill.
| Feature |
Tickmill
|
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 Tickmill is better than TMGM. Tickmill finished with an overall rank of #22, while TMGM finished with an overall rank of #37.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 83 |
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Tickmill and TMGM both do not offer the option to buy actual delivered cryptocurrencies, but each provides the ability to trade cryptocurrency derivatives, allowing investors to speculate on price movements without owning the actual digital asset.
Both Tickmill and TMGM provide multiple funding options for account deposits and withdrawals, including PayPal, Skrill, Visa, Mastercard, and bank wires, but neither supports ACH or SEPA transfers.
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 | Tickmill | TMGM | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | Tickmill Review | TMGM Review |
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| Regulation | Tickmill | TMGM | |
|---|---|---|---|
| Trust Score | 86 | 83 | |
| Year Founded | 2014 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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) | 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) | Tickmill | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | Tickmill | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 637 | 12000 | |
| Forex Pairs (Total) | 63 | 62 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Tickmill | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.70 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | No |
| Trading Platforms | Tickmill | TMGM | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Tickmill | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 91 | 30 | |
| Charting - Drawing Tools (Total) | 9 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill Review | TMGM Review |
| Overall | Tickmill | TMGM | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | Tickmill Review | TMGM Review |
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