Written by ForexBrokers.com
In this head to head comparison of TMGM vs TopFX, 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 the online trading platforms TMGM and TopFX, it's important to consider their regulatory standings. TMGM, which started in 2013, and TopFX, founded in 2010, are both privately held companies that do not operate as banks. TMGM shines with two Tier-1 licenses, placing it in a highly trusted category according to ForexBrokers.com's standards. TopFX, on the other hand, holds a single Tier-1 license. Neither broker holds any Tier-2 licenses.
Trustworthiness can be further quantified using the ForexBrokers.com Trust Score, where TMGM earns a reliable score of 83, signifying a trusted status. TopFX, with a score of 67, is categorized as higher risk. These scores provide a quick gauge for potential clients assessing where to place their investments confidently.
| Feature |
TMGM
|
TopFX
|
|---|---|---|
| Year Founded | 2013 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
TMGM and TopFX both earn 4 stars for commissions and fees. In ForexBrokers.com’s Commissions and Fees category, TMGM ranks 37 out of 63, while TopFX ranks 41 out of 63. Each broker offers a choice between a spread-only account and a commission-based account, letting you tailor trading costs to your strategy.
At TMGM, the Classic account is spread-only, while the Edge account charges a small commission of $3.50 per side ($7 per round turn) alongside low spreads and no requotes. A recent average spread for the EUR/USD was not available, which makes precise cost comparisons harder; many leading brokers publish average spread data to help traders gauge typical pricing. For swap-free (Islamic) trading, TMGM requires the Edge account, as the Classic account is not available as interest-free.
TopFX offers the ZERO (spread-only) and RAW (commission-based) accounts on both MetaTrader and cTrader. The RAW account charges 2.75 EUR per side (5.50 EUR per round turn) and, based on July 2024 data, had an average EUR/USD spread of 0.33 pips; when you add the commission equivalent of 0.55 pips, the all-in cost is about 0.88 pips—roughly in line with the industry average. The ZERO account skips commissions but showed higher average EUR/USD spreads of 1.03 pips in July 2024. Minimum deposit depends on your chosen payment method.
| Feature |
TMGM
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average spread (EUR/USD) - Standard account | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
TMGM vs TopFX: both brokers let you trade forex as CFDs or spot contracts and both support copy trading. Where they differ most is market breadth. TMGM lists about 12,000 tradeable symbols and 62 forex pairs, while TopFX offers 655 symbols and 60 pairs. Reflecting that wider catalogue, TMGM earns 4.5 out of 5 stars for Range of Investments and ranks #18 out of 63 brokers on ForexBrokers.com; TopFX scores 3.5 stars and ranks #47.
If you’re looking to buy actual shares on U.S. or international exchanges, neither broker offers exchange-traded securities. The same goes for delivered crypto: you can’t buy real cryptocurrencies at TMGM or TopFX, but both provide cryptocurrency CFDs for price speculation. In short, TMGM suits traders who want access to a larger selection of markets, while TopFX delivers a more streamlined list of instruments.
| Feature |
TMGM
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 655 |
| Forex Pairs (Total) | 62 | 60 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | 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.
TMGM and TopFX deliver similar platform coverage: both provide free demo (paper) trading, Windows desktop downloads, and web-based platforms. Neither broker offers its own in-house platform; instead, they focus on MetaTrader. Each supports MetaTrader 4 (MT4), while only TMGM also offers MetaTrader 5 (MT5). Copy trading is available at both brokers, and you can place trades directly from charts on their supported platforms. Details such as the exact number of built-in technical indicators and watch list columns weren’t specified and can vary by platform version and add-ons.
For overall quality of trading platforms and tools, both TMGM and TopFX earn 4 out of 5 stars. In category rankings from ForexBrokers.com, TopFX sits slightly higher at #46 out of 63, with TMGM at #49. If you want access to MT5 features like more timeframes and additional order types, TMGM has the edge. If you only need MT4 and a straightforward setup, both brokers are closely matched.
| Feature |
TMGM
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM and TopFX deliver similar mobile trading experiences. Both offer iPhone and Android apps, let you set price alerts for forex and other markets, and include 30 technical studies for charting. You can draw trendlines on charts, and your drawings auto-save. One notable limitation is that neither app syncs watchlists with the web platform, so changes made on mobile won’t appear on the desktop or browser version.
When it comes to ratings, both apps earn 4 out of 5 stars. In ForexBrokers.com’s Mobile Trading Apps category, TMGM ranks #48 out of 63 brokers, while TopFX comes in at #52. That gives TMGM a slight edge in the rankings, but the in-app features are largely the same. Your choice may come down to other factors such as pricing, available markets, and account preferences.
| Feature |
TMGM
|
TopFX
|
|---|---|---|
| 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.
TMGM and TopFX both cover research basics: each provides forex news from top-tier sources (think Bloomberg/Reuters), Trading Central analysis, sentiment tools, and an economic calendar. The key differences are in extras. TMGM includes daily market commentary to help you track market moves in plain language, while TopFX does not. On the flip side, TopFX adds Autochartist for pattern recognition and trade ideas, which TMGM lacks.
Details for TopFX’s access to TipRanks and Acuity Trading weren’t specified, while TMGM does not offer TipRanks but does include Acuity Trading tools. According to ForexBrokers.com, TMGM earns 3.5 stars for Research and ranks #54 out of 63 brokers; TopFX scores 3 stars and ranks #61. If you value daily commentary alongside news and analytics, TMGM fits well. If you prefer Autochartist-driven signals with mainstream news and Trading Central, TopFX is worth a look.
| Feature |
TMGM
|
TopFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing forex and CFD education, TMGM edges out TopFX. TMGM holds a 3.5-star Education rating and ranks #54 out of 63 brokers on ForexBrokers.com, while TopFX is rated 3 stars and ranks #62. In plain terms, TMGM offers a modestly stronger learning experience than TopFX, though neither broker is among the top choices for education.
Neither TMGM nor TopFX runs monthly educational webinars, and both lack a large library of video lessons—there aren’t at least 10 beginner videos or 10 advanced videos at either broker. If you want frequent live sessions, step-by-step beginner courses, or deep-dive video tutorials, you may need to supplement with outside resources or consider other brokers with more extensive education hubs.
| Feature |
TMGM
|
TopFX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that TMGM is better than TopFX. TMGM finished with an overall rank of #37, while TopFX finished with an overall rank of #62.
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.
| Feature |
TMGM
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 67 |
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TMGM vs TopFX: Both online brokers do not support buying actual delivered cryptocurrency, but each offers cryptocurrency CFD trading.
TMGM vs TopFX: both online brokers do not support ACH or SEPA transfers for deposits or withdrawals, and no information was provided on whether they accept PayPal, Skrill, Visa/Mastercard, or bank wire payments.
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 | TMGM | TopFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | TMGM Review | TopFX Review |
| Broker Screenshots | TMGM | TopFX | |
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| Regulation | TMGM | TopFX | |
|---|---|---|---|
| Trust Score | 83 | 67 | |
| Year Founded | 2013 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | TMGM | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | TMGM | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 655 | |
| Forex Pairs (Total) | 62 | 60 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | 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 | TMGM | TopFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | TMGM | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | TMGM | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes |
| Trading Tools | TMGM | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | TopFX | |
|---|---|---|---|
| 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 | TMGM | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | TopFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | TMGM | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | TMGM Review | TopFX Review |
| Overall | TMGM | TopFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | TMGM Review | TopFX Review |
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