Written by ForexBrokers.com
In this head to head comparison of Trade Nation 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.
Trade Nation, founded in 2014, and TMGM, established in 2013, both operate as online brokers not listed on any stock exchanges and are not banks. Trade Nation holds two Tier-1 licenses and one Tier-2 license, reflecting a strong regulatory standing. Similarly, TMGM also holds two Tier-1 licenses, but lacks any Tier-2 licenses. These licenses contribute to their credibility in the online trading world, showcasing a commitment to meeting regulatory standards.
According to ForexBrokers.com, Trade Nation earns a Trust Score of 85, placing it in the trusted category, while TMGM's Trust Score comes in slightly lower at 83 but remains within the same trusted range. These scores underscore their dedication to providing reliable services, albeit with slight variations in the breadth of their regulatory compliance. With such scores, both are seen as viable options for traders seeking a reasonable level of assurance in their online trading activities.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Year Founded | 2014 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Comparing commissions and fees, Trade Nation stands out for predictable, fixed spreads, while TMGM leans on a low-commission model with variable spreads. Trade Nation earns 5 out of 5 stars and ranks #7 of 63 for Commissions and Fees, thanks to clear, consistent pricing. TMGM scores 4 out of 5 stars and ranks #37 of 63, offering competitive pricing on its Edge account but without published average spread data for EUR/USD to benchmark overall costs.
Trade Nation’s proprietary TN Trader platform uses fixed spreads across markets, with EUR/USD listed at 0.6 pips that typically widen for about an hour during the daily rollover (up to roughly 1.4 pips), putting the effective average closer to 1 pip. On MetaTrader, you can choose between a commission-free account with higher spreads or the Raw Spread account that charges $3.50 per side ($7 round trip) per standard lot. Factoring spreads and commissions, TN Trader generally delivers the lowest all-in costs among Trade Nation’s account options.
TMGM’s pricing depends on the account: the Classic account is spread-only, while the Edge account adds a small commission of $3.50 per side ($7 round trip) to typically lower spreads and no requotes. A drawback is that TMGM does not publish average spread data for EUR/USD, making it harder to compare day-to-day costs. Note for Islamic traders: swap-free (interest-free) accounts are available only on the Edge account, not on Classic.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | 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.
Trade Nation and TMGM both let you trade forex as CFDs or spot contracts, but TMGM offers a much wider selection overall. Trade Nation lists about 1,000 tradeable symbols and 46 forex pairs, while TMGM provides roughly 12,000 symbols and 62 forex pairs. If you value sheer variety—especially across CFDs—TMGM stands out for choice.
Neither broker offers exchange-traded stocks on U.S. or international exchanges, so you can’t buy actual shares like Apple or Vodafone through them. Both support copy trading, and both let you trade cryptocurrency derivatives, though you can’t buy real crypto coins. For Range of Investments, Trade Nation earns 3.5 out of 5 stars and ranks 39th out of 63 brokers on ForexBrokers.com, while TMGM scores 4.5 out of 5 stars and ranks 18th, making TMGM the better pick if you want more markets to explore.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 12000 |
| Forex Pairs (Total) | 46 | 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.
Trade Nation and TMGM both offer free demo accounts, web and Windows platforms, and copy trading. Trade Nation adds a proprietary platform alongside MetaTrader 4, while TMGM skips an in-house platform but supports both MT4 and MT5. For charting, Trade Nation provides 39 drawing tools but does not allow trading directly from charts. TMGM offers 15 drawing tools and does let you place trades from the chart. Neither broker supports DupliTrade or ZuluTrade.
Watchlists are more detailed at Trade Nation with 14 columns, compared with 7 at TMGM. Both brokers earn 4 out of 5 stars for Trading Platforms and Tools on ForexBrokers.com; Trade Nation ranks #45 of 63, and TMGM ranks #49 of 63. In short, choose Trade Nation if you want an in-house platform and richer drawing tools and watchlists, or pick TMGM if you prefer access to MT5 and the ability to trade from charts.
| Feature |
Trade Nation
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Trade Nation and TMGM both deliver mobile trading apps for iPhone and Android. Each supports price alerts, real-time quote watchlists, drawing trendlines, multiple time frames, and auto-saving your chart drawings. Both earned 4 stars for Mobile Trading Apps.
The key differences are in syncing and charting depth. Trade Nation syncs your watchlists between the app and your online account, while TMGM does not. Trade Nation also offers 99 built-in technical studies compared to TMGM’s 30, which can benefit chart-focused traders. According to ForexBrokers.com, Trade Nation ranks #46 out of 63 for Mobile Trading Apps and TMGM ranks #48. If you want deeper charting and seamless watchlist syncing, Trade Nation has the edge; if you only need core tools on iOS or Android, TMGM still covers the basics.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 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.
Trade Nation and TMGM both cover the basics for market research: daily market commentary, forex news from top-tier sources (such as Bloomberg and Reuters), sentiment tools that show the long/short split, and extras from Acuity Trading (like Signal Centre). Neither broker includes Autochartist or TipRanks. Where they differ is in add-ons: TMGM provides Trading Central’s analytics plus a built-in economic calendar, while Trade Nation offers neither.
Both brokers earn a 3.5 out of 5 research score. However, ForexBrokers.com ranks Trade Nation higher in the Research category (#43 of 63) than TMGM (#54 of 63). Go with TMGM if you want Trading Central and an on-platform economic calendar; choose Trade Nation if you’re comfortable with news, commentary, and sentiment tools without the extra research suites.
| Feature |
Trade Nation
|
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 | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Trade Nation clearly stands out compared to TMGM. Trade Nation provides more than ten educational materials focused on forex and CFDs, including beginner videos that cover essential trading topics. In contrast, TMGM does not meet the same criteria for offering such comprehensive beginner resources. Both platforms, however, do not conduct regular educational webinars, which might be a setback for those who favor interactive learning sessions.
For traders seeking a deeper understanding, Trade Nation offers at least ten advanced educational videos suitable for experienced traders and a detailed investor dictionary with over 50 investing terms. TMGM also provides an investor dictionary but lacks in offering advanced educational videos. Interestingly, TMGM does offer a searchable archive of recorded webinars, a feature absent in Trade Nation. Despite these differences, both platforms have received the same education rating of 3.5 stars, though Trade Nation is ranked higher at 41st out of 63 brokers, compared to TMGM's 54th position in the Education category by ForexBrokers.com.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 Trade Nation is better than TMGM. Trade Nation finished with an overall rank of #34, while TMGM finished with an overall rank of #37.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 83 |
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Neither Trade Nation nor TMGM offers the ability to buy actual cryptocurrencies, but both provide the option to trade cryptocurrency derivatives.
When comparing Trade Nation to TMGM, it is noted that neither offers ACH or SEPA transfers for funds, while TMGM uniquely supports PayPal transactions in contrast to Trade Nation; both brokers, however, accept Skrill, Visa, Mastercard, and bank wire transfers for depositing and withdrawing account funds.
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 | Trade Nation | TMGM | |
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| Trust Score | 85 | 83 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | TMGM Review |
| Broker Screenshots | Trade Nation | TMGM | |
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| Regulation | Trade Nation | TMGM | |
|---|---|---|---|
| Trust Score | 85 | 83 | |
| Year Founded | 2014 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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). | No | No |
| Tier-2 Licenses (Trusted) | Trade Nation | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Trade Nation | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 12000 | |
| Forex Pairs (Total) | 46 | 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 | Trade Nation | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Trade Nation | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | 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 | No | Yes |
| Education | Trade Nation | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Trade Nation | 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 | Trade Nation Review | TMGM Review |
| Overall | Trade Nation | TMGM | |
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| Trust Score | 85 | 83 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | TMGM Review |
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