Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
XM Group and TMGM are prominent online brokerages established in 2009 and 2013, respectively. Both companies are privately held and do not operate as banks. When evaluating their trust and regulatory standing, XM Group holds a significant advantage with four Tier-1 licenses and one Tier-2 license. This regulatory presence contributes to its trust score of 88 out of 99, classifying it as trusted by ForexBrokers.com.
In comparison, TMGM maintains two Tier-1 licenses but lacks Tier-2 licenses, leading to a trust score of 83, also placing it in the trusted category. Both brokers are committed to creating a secure trading environment for their clients, though XM Group's higher number of top-tier licenses and slightly higher trust score might appeal more to cautious investors looking for more reassurance regarding regulatory compliance.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Year Founded | 2009 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing online brokers XM Group and TMGM in terms of commissions and fees, it's evident that each has its strengths and weaknesses. XM Group's standard account comes with high costs due to its expensive spreads, and it does not publish average spreads for its commission-based XM Zero account, making it challenging for traders to assess the full extent of trading costs. In the ForexBrokers.com ranking for the Commissions and Fees category, XM Group comes in at 33 out of 63 brokers, earning a solid 4-star rating.
On the other hand, TMGM delivers a more competitive offering through its Edge account. This account features low spreads and a reasonable commission fee of $3.50 per side, equating to $7 per round trip. Additionally, TMGM refrains from requotes, ensuring a smoother trading experience. However, the lack of recent average spread data for popular pairs like the EUR/USD is a drawback, given that such data aids in assessing overall trading expenses. TMGM holds a 4-star rating and is ranked 36 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
Both brokers provide different types of accounts to suit varied trading styles. At TMGM, you can choose between a spread-only Classic account and a commission-based Edge account. Islamic finance customers interested in Sharia-compliant trading options are best served by the Edge account, as TMGM does not offer swap-free accounts with the Classic option. Both brokers present viable options depending on individual trading needs and financial considerations.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | 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 investment offerings of XM Group and TMGM, it's clear that both brokers provide numerous opportunities for traders. XM Group boasts 1,394 tradeable symbols, including 55 forex pairs, and supports trading on U.S. and international exchanges. Additionally, it allows users to engage in forex trading via CFDs or spot contracts, as well as offering copy trading and cryptocurrency derivatives. However, it does not provide the option to buy actual cryptocurrencies.
TMGM, on the other hand, impresses with a staggering 12,000 tradeable symbols and 62 forex pairs, though it lacks access to trading actual securities on U.S. and international exchanges. Like XM Group, TMGM offers forex trading as CFDs or spot contracts, and it also supports copy trading and cryptocurrency derivatives. Despite these differences, both brokers share a commendable rating of 4.5 stars for their range of investments, with TMGM achieving a slightly higher rank in the category by ForexBrokers.com.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 12000 |
| Forex Pairs (Total) | 55 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing the trading platforms and tools offered by XM Group and TMGM, both brokers provide a range of options for their users. They equally offer free virtual demo accounts, allowing traders to practice with simulated conditions before committing real capital. Neither XM Group nor TMGM provides a proprietary platform; however, both brokers support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available through both desktop downloads and web-based access. Additionally, both brokers offer copy trading but do not support DupliTrade or ZuluTrade services. Trading directly from stock charts is possible with both XM Group and TMGM, and they each provide 15 drawing tools for charting, enhancing the trading experience.
In terms of features to aid market analysis, both brokers offer 7 columns for watch lists, ensuring traders can categorize and keep track of important data efficiently. XM Group and TMGM achieve a solid rating of 4 stars for their trading platforms and tools, reflecting their reliable offerings in this area. Despite these similarities, XM Group has a slight edge in the ForexBrokers.com rankings, securing the 31st spot out of 63 brokers, compared to TMGM's 48th place. This ranking difference may be a consideration for traders seeking highly rated trading platforms and tools.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For those comparing mobile trading apps, both XM Group and TMGM have much to offer. Each broker provides apps for iPhone and Android, making them accessible for most smartphone users. Traders with either app can receive stock and forex price alerts, engage with charting tools that offer 30 technical studies, draw trendlines, and switch between various time frames. While both brokers allow users to create watchlists with real-time quotes, only XM Group ensures that watchlists on mobile sync seamlessly with online accounts, offering enhanced convenience for traders who frequently switch between devices.
When it comes to chart drawing capabilities, XM Group lacks the ability to automatically save drawing edits, a feature that TMGM smartly includes. However, XM Group does appear to outshine TMGM in terms of broader recognition, securing a higher rank in ForexBrokers.com's Mobile Trading Apps category, sitting at #29 compared to TMGM's #47. Despite these variations, both mobile trading apps from XM Group and TMGM have been rated four out of five stars for their overall performance, signaling their strong capabilities for traders on the go.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
XM Group and TMGM both provide daily market commentary and Forex news from reputable sources like Bloomberg and Reuters, ensuring traders stay informed about market movements. Each broker integrates Trading Central tools, offering technical analytics to assist traders in decision-making. They also feature sentiment-based trading tools that show the balance of long and short positions across currency pairs, which can be essential for evaluating market trends. Economic calendars, highlighting significant global events, are available from both brokers, helping traders plan around key news releases.
Despite these similarities, important differences are evident. TMGM stands out by offering additional research tools from Acuity Trading, such as Signal Centre, which XM Group lacks. Meanwhile, XM Group excels with a higher research rating of five stars compared to TMGM's 3.5 stars. Furthermore, XM Group's research prowess is reflected in its higher ranking with ForexBrokers.com, holding the 8th position out of 63 brokers, while TMGM is placed 53rd. These distinctions can be pivotal for traders prioritizing research capabilities when selecting a brokerage platform.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, XM Group outshines TMGM in several key areas. XM Group offers a wide array of educational content, including over 10 articles, videos, and archived webinars that focus on forex and CFDs. The broker also hosts monthly live webinars to help traders stay informed about the market, and provides access to a searchable archive of past webinars. Beginners can benefit from more than 10 video tutorials tailored to their needs, while advanced traders have their own set of resources to dive into complex topics. Although XM Group lacks an investor dictionary, its educational offerings receive high praise with a 5-star rating and a #7 ranking by ForexBrokers.com among 63 brokers.
In contrast, while TMGM does maintain a searchable archive of recorded webinars and offers a comprehensive investor dictionary, it falls short in several aspects compared to XM Group. TMGM does not provide at least 10 beginner or advanced educational videos, nor does it host regular monthly webinars. This more limited access to educational content reflects its 3.5-star rating for education and a #54 ranking in the ForexBrokers.com list. For beginners seeking a broker with extensive educational resources, XM Group proves to be a more comprehensive option.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than TMGM. XM Group finished with an overall rank of #17, while TMGM finished with an overall rank of #37.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 83 |
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Both XM Group and TMGM provide the option to trade cryptocurrency derivatives, but neither offers the ability to purchase actual delivered cryptocurrency.
While both XM Group and TMGM do not support ACH or SEPA transfers, XM Group falls behind in digital payment options by not offering PayPal, which TMGM does; however, both platforms provide the convenience of Skrill, Visa or Mastercard, and bank wire transactions for depositing or withdrawing 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 | XM Group | TMGM | |
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| Trust Score | 88 | 83 | |
| Winner | check_circle | ||
| Review | XM Group Review | TMGM Review |
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| Regulation | XM Group | TMGM | |
|---|---|---|---|
| Trust Score | 88 | 83 | |
| Year Founded | 2009 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | XM Group | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 12000 | |
| Forex Pairs (Total) | 55 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | XM Group | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | TMGM | |
|---|---|---|---|
| Minimum Deposit | $5 | $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 | XM Group | TMGM | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | 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 | XM Group Review | TMGM Review |
| Overall | XM Group | TMGM | |
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| Trust Score | 88 | 83 | |
| Winner | check_circle | ||
| Review | XM Group Review | TMGM Review |
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