TMGM vs TopFX Comparison
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare TMGM vs TopFX.
Does TMGM or TopFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG
offers better pricing overall for traders.
Is TMGM or TopFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. TMGM holds 2 global Tier-1 licenses, while TopFX holds 0. TopFX holds 1 global Tier-2 licenses, while TMGM holds 0. In our analysis of 23 international regulators across 50 brokers, TMGM earned a higher Trust Score than TopFX.
Which trading platform is better: TMGM or TopFX?
To compare the trading platforms of both TMGM and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both TMGM and TopFX offer MetaTrader 4 (MT4).TMGM and TopFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
TMGM provides traders 62 currency pairs (e.g., EUR/USD) compared to TopFX's 60 available pairs. Forex pairs aside, TMGM offers traders access to 12000 CFDs while TopFX has 655 available CFDs, a difference of 11345.
Can I trust TMGM?
TMGM is not publicly traded and does not operate a bank. TMGM is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). TMGM is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Financial Markets Authority (FMA).
Can I trust TopFX?
TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).
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 TopFX good?
TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.
Overall winner: IG
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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.