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 |
Trade Nation offers competitive pricing with fixed spreads across all tradeable symbols on its proprietary platform, alongside variable-spread pricing on its MetaTrader platform. The unique aspect of Trade Nation is its fixed spread, which is typically set at 0.6 pips for the EUR/USD pair. However, during the daily rollover period, spreads can widen to 1.4 pips, nudging the average closer to 1 pip. Trade Nation provides three main account types: two MetaTrader-based accounts (one being a commission-based Raw Spread account with a $7 round-trip charge per standard lot and one commission-free) and a TN Trader account using its proprietary platform. The TN Trader account tends to offer the most favorable all-in costs. Trade Nation shines in the commissions and fees category, earning a 5-star rating and ranking 7th out of 63 brokers according to ForexBrokers.com.
On the other hand, TMGM provides a competitive offering with its Edge account, known for its low spreads and absence of requotes. However, recent average spread data for the EUR/USD was not available, which can limit detailed cost assessments. TMGM presents two main account types: the spread-only Classic account and the commission-based Edge account. The latter charges a small commission of $3.50 per side ($7 per round trip) alongside low spreads, making it an attractive option. For Islamic finance customers seeking Sharia-compliant accounts, the Edge account is necessary as swap-free options aren't available for the Classic account. TMGM holds a respectable 4-star rating and ranks 36th out of 63 brokers for commissions and fees according to ForexBrokers.com.
| 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.
When comparing the range of investments offered by Trade Nation and TMGM, both brokers provide ample opportunities for forex trading, available as CFDs or spot contracts. Trade Nation offers 1,000 tradeable symbols, including 46 forex pairs, while TMGM provides a far larger selection with 12,000 symbols and 62 forex pairs. Despite these differences, neither broker allows trading of exchange-traded securities from U.S. or international exchanges directly, meaning you can't purchase shares like Apple or Vodafone through them. However, both Trade Nation and TMGM do support copy trading features and offer cryptocurrency derivatives, albeit without providing the option to purchase actual cryptocurrencies.
In terms of appraisal, TMGM receives a higher rating of 4.5 out of 5 stars for their range of investments, compared to Trade Nation's 3.5 stars. Additionally, TMGM ranks 17th out of 63 brokers evaluated by ForexBrokers.com in the Range of Investments category, while Trade Nation trails at the 38th position. This positioning highlights TMGM's more comprehensive offering for traders looking for a broader array of investment options.
| 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 useful trading platforms and tools, making them appealing choices for traders navigating the online brokerage world. Each broker provides a free virtual demo account, allowing newcomers and experienced traders alike to practice their strategies without financial risk. While both offer web-based and Windows-based desktop platforms, only Trade Nation features a proprietary platform developed in-house, giving it a slight edge for those who value custom solutions. Trade Nation supports MetaTrader 4 (MT4) but doesn’t offer MetaTrader 5 (MT5), whereas TMGM provides MT5 access, catering to traders seeking the latest advancements in trading software. Both brokers support copy trading but do not offer DupliTrade or ZuluTrade.
Charting capabilities reveal differences between the two, as Trade Nation offers a substantial 39 drawing tools compared to TMGM’s 15. However, TMGM allows users to trade directly from stock charts, a feature Trade Nation lacks. When considering watch list customization, Trade Nation leads with 14 columns, while TMGM supports 7. Despite these variations, both are rated 4 out of 5 stars by ForexBrokers.com for their trading platforms and tools. In the ranking of 63 brokers, Trade Nation is positioned at #44, slightly ahead of TMGM at #48, indicating a marginally higher evaluation by industry experts.
| 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.
Both Trade Nation and TMGM offer mobile trading apps compatible with iPhone and Android devices, making them easily accessible for users on the go. These apps provide traders with the ability to receive stock and forex price alerts, ensuring they stay informed about market movements. However, when it comes to syncing watchlist symbols with an online account, Trade Nation comes out ahead, offering seamless synchronization that TMGM does not. In terms of technical capabilities, Trade Nation supports 99 technical studies for charting, compared to TMGM's offering of 30, providing more comprehensive options for analysis. Both apps allow users to draw trendlines, view various timeframes, and auto-save chart drawings, contributing to an efficient trading experience.
Creating watchlists with real-time quotes is possible on both platforms, catering to the needs of traders who need up-to-date information. Trade Nation and TMGM both boast a 4-star rating for their mobile trading apps, highlighting their reliability and user satisfaction. However, in the ForexBrokers.com ranking, Trade Nation is placed slightly higher at #45 compared to TMGM's #47 among 63 brokers. This slight edge, along with its superior watchlist syncing and greater variety of technical studies, might sway some users towards Trade Nation, although both brokers provide solid mobile trading experiences overall.
| 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.
When comparing the market research features of Trade Nation and TMGM, both online brokers stand out for providing daily market commentary and forex news from leading sources like Bloomberg and Reuters, ensuring that traders stay informed with timely updates. Both brokers also offer sentiment-based trading tools, allowing clients to gauge market sentiment by viewing the ratio of long or short positions across various instruments. However, while TMGM offers research tools from Trading Central, Trade Nation does not. Both brokers provide research tools from Acuity Trading, such as the Signal Centre, but only TMGM includes an economic calendar to keep traders aware of global financial events.
Despite these differences, both Trade Nation and TMGM are rated similarly by ForexBrokers.com, each receiving 3.5 out of 5 stars for research capabilities. Yet, in overall ranking, Trade Nation slightly edges out TMGM, coming in at #42 out of 63 brokers compared to TMGM's #53. These rankings reflect the nuanced strengths of each platform, guiding potential users to consider specific research tools that best suit their trading needs.
| 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) | 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). | No | No |
| Tier-2 Licenses (Trusted) | Trade Nation | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| 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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