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 account | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Trade Nation vs TMGM: When it comes to the range of investments, TMGM offers far more choice with about 12,000 tradeable symbols versus Trade Nation’s 1,000. TMGM also provides 62 forex pairs compared with Trade Nation’s 46. Both brokers support forex trading as CFDs or spot contracts, offer copy trading, and let you trade cryptocurrency CFDs, but neither allows you to buy actual crypto. Direct share dealing is not available at either broker for U.S. or international exchanges.
Reflecting this breadth, ForexBrokers.com rates TMGM 4.5 out of 5 stars for Range of Investments (18th out of 63), while Trade Nation scores 3.5 stars (39th out of 63). If you want the widest selection of instruments and more currency pairs, TMGM is the better fit; if you prefer a simpler lineup with copy trading and crypto CFD access, Trade Nation can work well.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 12000 |
| Forex Pairs (Total) | 46 | 62 |
| 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.
Trade Nation and TMGM both make it easy to get started with a free demo account for paper trading. Each broker offers a Windows desktop platform and a web-based platform, plus copy trading and MetaTrader 4 (MT4). A key difference is platform choice: Trade Nation adds its own proprietary platform, while TMGM does not. TMGM stands out for supporting MetaTrader 5 (MT5) and letting you place trades directly from charts; Trade Nation does not offer MT5 and doesn’t support chart trading.
Both brokers earn 4 stars for Trading Platforms and Tools. In ForexBrokers.com’s 2024 rankings out of 63 brokers, Trade Nation places #45 and TMGM comes in at #49. Choose TMGM if you want MT5 and chart-based order placement, or pick Trade Nation if you prefer an in-house platform alongside MT4 and a free demo.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Trade Nation and TMGM both offer mobile trading apps for iPhone and Android. Each app supports stock and forex price alerts, lets you draw trendlines on charts, and automatically saves your drawings. Both are rated 4 out of 5 stars for Mobile Trading Apps. According to ForexBrokers.com, Trade Nation is ranked 46th out of 63 brokers for mobile apps, while TMGM is ranked 48th.
The big differences show up in watchlists and charting tools. Trade Nation syncs watchlists between the mobile app and your online account, but TMGM does not. For technical studies, Trade Nation provides 99 indicators on mobile, compared with 30 on TMGM. If you want watchlist syncing and a wider range of indicators for analysis, Trade Nation has the edge; if you mainly need alerts and basic charting on iPhone or Android, TMGM still covers the essentials.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | Yes | Yes |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education options, Trade Nation is the more video-friendly choice. It offers at least 10 beginner-focused videos and at least 10 advanced videos, giving newcomers a clear path from basics to more complex topics. TMGM does not meet those video thresholds. Neither broker runs monthly educational webinars, so live learning isn’t a strength for either one. (Whether each has 10+ total forex/CFD pieces across formats wasn’t specified here.)
Both brokers hold a 3.5 out of 5 rating for Education, but Trade Nation ranks higher overall (#41 of 63) than TMGM (#54 of 63) in ForexBrokers.com’s Education category. If you prefer structured, self-paced video lessons to build your forex and CFD knowledge, Trade Nation is likely the easier starting point, while TMGM may require supplementing with outside resources.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
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
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| Overall Rating |
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| Trust Score | 85 | 83 |
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Trade Nation vs TMGM: both brokers offer cryptocurrency CFD trading, but neither allows the purchase of actual (delivered) cryptocurrencies.
Trade Nation vs TMGM: both brokers do not support ACH or SEPA transfers for deposits or withdrawals, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire options is not specified.
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, FSRA, or SCA 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. 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 | Trade Nation | TMGM | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | Trade Nation | TMGM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Trade Nation | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | Trade Nation | TMGM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | TMGM | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Trade Nation | TMGM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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