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 | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | 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.
Tickmill and TMGM are two online brokers that offer different investment opportunities. Both provide forex trading as a CFD or spot contract, but TMGM boasts a significantly larger variety of tradeable symbols, offering 12,000 compared to Tickmill's 725, while also offering a slightly smaller number of forex pairs at 62 compared to Tickmill's 63. Neither broker provides exchange-traded securities on U.S. or international exchanges, so direct investments in companies like Apple or Vodafone are unavailable. However, both Tickmill and TMGM provide options for copy trading and allow trading of cryptocurrency derivatives, though they do not offer the purchase of actual cryptocurrencies.
When it comes to the range of investments, TMGM outshines Tickmill. TMGM is rated 4.5 out of 5 stars, compared to Tickmill's 3.5 stars, and is ranked 17th out of 63 brokers by ForexBrokers.com for the Range of Investments category. In contrast, Tickmill sits at #42 in the same ranking. For investors seeking a broader selection of trading symbols and higher-rated investment options, TMGM appears to be the preferable choice.
| Feature |
Tickmill
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 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 online brokers Tickmill and TMGM in terms of trading platforms and tools, both offer a range of features that cater to various trading needs. Both brokers provide access to popular platforms like MetaTrader 4 and MetaTrader 5, allowing traders familiar with these tools to feel right at home. Neither broker offers a proprietary platform developed in-house, but they both ensure flexibility by offering Windows-based desktop downloads and web-based platforms, making trading accessible from any compatible device. The ability to engage in simulated trading via a free virtual demo account is also available with both platforms, which is ideal for beginners and those wanting to refine their strategies.
In terms of advanced trading features, both Tickmill and TMGM support copy trading, enabling users to mimic successful trades from experienced traders. While they do not offer DupliTrade or ZuluTrade, they compensate with robust charting capabilities. Each broker provides 15 drawing tools and the functionality to trade directly from stock charts, enhancing trading efficiency. When analyzing technical indicators and watch list columns, both brokers equally provide seven fields for watch lists. Tickmill and TMGM receive a solid four-star rating for their trading platforms and tools, with Tickmill ranking slightly higher at #32 compared to TMGM's #48 out of 63 brokers reviewed by ForexBrokers.com.
| 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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Tickmill and TMGM, both brokers offer solid features for traders on the go. Tickmill and TMGM provide iPhone and Android apps that include essential capabilities like stock or forex price alerts, the ability to draw trendlines, and multiple time frame views for charts. Additionally, both apps support creating watchlists with real-time quotes and come with 30 technical studies for in-depth chart analysis. However, a common limitation for both apps is the lack of watchlist symbol syncing with the client’s online account.
In terms of user ratings, both Tickmill and TMGM's mobile apps earn 4 out of 5 stars. Yet, they have differing positions in ForexBrokers.com's rankings for mobile trading apps, with Tickmill positioned at #32 and TMGM at #47 out of 63 brokers. While both platforms deliver much of the functionality needed for active trading, Tickmill edges slightly ahead in terms of its overall standing in the mobile trading space.
| 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.
Both Tickmill and TMGM provide traders with daily market commentary and top-tier forex news from sources like Bloomberg, Reuters, or Dow Jones. However, when it comes to advanced analysis tools, there are differences between the two. While neither broker offers tools from Autochartist, TMGM stands out by providing access to Trading Central’s technical analytics. Both brokers support sentiment-based trading tools and offer resources from Acuity Trading, such as the Signal Centre. Moreover, each platform features an economic calendar for staying updated on important global events.
Tickmill edges ahead of TMGM in terms of overall research capabilities. Tickmill is rated 4 stars and holds the 22nd rank in the research category by ForexBrokers.com, in comparison to TMGM's 3.5 stars and 53rd rank. These rankings highlight Tickmill's slight advantage in offering comprehensive market insights, making it potentially more appealing for traders looking for in-depth analysis and research support.
| 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
|
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 |
| Broker Screenshots | Tickmill | TMGM | |
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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) | No | 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) | Tickmill | 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 | Tickmill | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 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 | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | 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) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 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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