Written by ForexBrokers.com
In this head to head comparison of XTB 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.
XTB, established in 2002, and TMGM, which started in 2013, are both reputable online brokers in the financial industry. XTB has earned a high Trust Score of 96 from ForexBrokers.com, indicating a highly trusted status. TMGM, on the other hand, holds a solid Trust Score of 83, falling into the trusted category. Both brokers are not banks, but XTB differs by being publicly traded, while TMGM is privately held.
Regarding regulatory compliance, XTB and TMGM each hold two Tier-1 licenses, marking them as highly trusted. XTB further strengthens its regulatory standing with two Tier-2 licenses, while TMGM does not hold any Tier-2 licenses. This difference is one of the key aspects contributing to the variance in their Trust Score ratings and reflects their differing approaches to regulatory coverage. These factors make XTB and TMGM both reliable choices, with particular distinctions in their regulatory profiles and public status.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Year Founded | 2002 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing the commissions and fees of online brokers XTB and TMGM, there are several important distinctions. XTB offers two main account types: a spread-only Standard account and a commission-based Professional account. However, the Professional account is being phased out and is mostly reserved for certain clients in the U.K. and Europe. XTB's average spread for the EUR/USD is around 1 pip. Although their pricing aligns with industry standards, it lags behind top-tier competitors. XTB has a 4.5-star rating for commissions and fees and ranks 11th out of 63 brokers in this category according to ForexBrokers.com.
On the other hand, TMGM provides two different account types: the spread-only Classic account and the commission-based Edge account. The Edge account charges a commission of $3.50 per side ($7 per round trip), alongside its low prevailing spreads, making it a favored choice for many traders. However, specific average spread data, such as that for the EUR/USD currency pair, is not readily available, which is offered by some of the best forex brokers for more comprehensive cost analysis. TMGM is rated 4 stars for commissions and fees and stands at 36th position out of 63 brokers as ranked by ForexBrokers.com.
Both XTB and TMGM cater to different types of traders with their distinct account offerings. XTB’s active trader program offers rebates of up to 30% for high-volume traders, adding an incentive for clients who meet specific criteria. Meanwhile, TMGM’s Edge account is also appealing to those seeking competitive commission rates. This account is particularly suitable for Islamic finance customers looking for Sharia-compliant options, as it's the only account offering swap-free conditions. Each broker has tailored their fees and commissions to different target audiences, leaving traders to decide based on their trading volume, region, and specific trading needs.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 online brokers XTB and TMGM, there are distinct differences in what each platform provides. XTB offers 7,184 tradeable symbols, with a more extensive option for exchange-traded securities, allowing customers to purchase shares directly from U.S. and international exchanges, such as Apple and Vodafone. In contrast, TMGM provides a more extensive selection of tradeable symbols, reaching up to 12,000. However, it does not offer the purchase of exchange-traded securities on U.S. or international exchanges. Both brokers provide forex trading as CFDs with XTB offering 71 forex pairs while TMGM offers 62. Additionally, both platforms allow trading of cryptocurrency derivatives, but neither supports buying actual cryptocurrencies.
For investors interested in the features unique to each platform, XTB stands out with its access to direct stock purchases from major global exchanges, earning it a perfect 5-star rating for its range of investments, and placing it 14th out of 63 brokers according to ForexBrokers.com. TMGM, which ranks 17th with a strong 4.5-star rating, appeals to those interested in a larger variety of tradeable symbols and beneficial copy trading options, allowing users to replicate the trades of experienced investors.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 12000 |
| Forex Pairs (Total) | 71 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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.
XTB and TMGM both offer free virtual demo accounts, making it easy for beginners to practice trading without risk. XTB shines with its proprietary trading platform, offering a Windows-based desktop app and a web-based platform for flexible access. TMGM also supports Windows and web-based trading through established platforms like MetaTrader 4 and MetaTrader 5, offering a different experience focused on familiar tools. However, TMGM stands out with its copy trading capabilities, which XTB does not offer.
While both brokers allow trading directly from stock charts, XTB impresses with 32 drawing tools, compared to TMGM’s 15, providing traders with more options for technical analysis. XTB also offers more watchlist customization with eight fields versus TMGM's seven. These advantages contribute to XTB's higher rating of 4.5 stars for trading platforms and tools, versus TMGM's 4 stars. According to ForexBrokers.com, XTB is ranked #9 in the trading platforms and tools category among 63 brokers, while TMGM is #48, indicating XTB's stronger reputation in this area.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, both XTB and TMGM offer applications for iPhone and Android devices, catering well to traders on the go. Both platforms provide essential features such as stock and forex price alerts and the ability to draw trendlines and view multiple time frames on their charts. However, XTB pulls ahead with its offer of 39 technical studies for advanced charting, compared to TMGM's 30. Both brokers fall short in terms of watchlist symbol syncing between the mobile app and the online account.
In terms of usability and ratings, XTB's mobile app excels with a rating of 4.5 out of 5 stars and holds the 8th position among 63 brokers, according to ForexBrokers.com. Meanwhile, TMGM's app has a slightly lower rating of 4 stars and ranks 47th. Both apps allow users to create watchlists with real-time quotes and automatically save chart drawings, ensuring a seamless trading experience. However, XTB's higher rating and ranking indicate a more user-friendly and feature-rich mobile trading environment.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 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 XTB and TMGM for market research capabilities, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. They also offer sentiment-based trading tools to help gauge market direction. However, TMGM goes a step further by including research tools from Acuity Trading and Trading Central, which XTB does not. Both platforms feature economic calendars to keep traders updated on global news events, but XTB takes the lead with a higher research rating and ranking. It is rated 5 stars and ranked 7th out of 63 brokers, compared to TMGM's 3.5-star rating and 53rd place in the same category.
While XTB excels in offering comprehensive and reliable market insights, TMGM stands out in providing additional technical tools through partnerships with recognized analysis firms. This difference can influence your decision based on whether you prioritize premium market ratings and rankings or specific analysis features offered by TMGM. Ultimately, XTB and TMGM each have their strengths, allowing traders to choose based on their unique preferences and needs for market research.
| Feature |
XTB
|
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) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by XTB and TMGM for beginner traders, XTB stands out with a comprehensive suite of learning materials. XTB offers a strong selection of educational content, including more than ten articles, videos, and archived webinars focusing on forex and CFDs. They also host regular online webinars each month, providing an engaging way for beginners to learn in real-time. With a searchable archive available, these recorded sessions remain accessible for future reference. Additionally, XTB offers a wide range of educational videos tailored for both beginners and advanced traders, ensuring that individuals can build on their knowledge progressively. Overall, XTB's educational offerings have earned them a 5-star rating and an impressive ranking of 11th out of 63 brokers according to ForexBrokers.com.
TMGM, on the other hand, offers a more limited range of resources for beginner traders. Although they provide a searchable archive of client webinars, TMGM does not meet the threshold of offering ten educational pieces or videos specifically aimed at beginners or advanced traders. Consequently, beginners looking to grow their understanding of trading principles might find TMGM's offerings less extensive compared to XTB. However, TMGM does offer an investor dictionary with definitions of over 50 investing terms, which can be a helpful tool for gaining basic insights. Despite this feature, TMGM earns a 3.5-star rating and ranks 54th out of 63 brokers for educational resources in the ForexBrokers.com ranking, reflecting their more limited commitment to education.
| Feature |
XTB
|
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 XTB is better than TMGM. XTB finished with an overall rank of #7, while TMGM finished with an overall rank of #37.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 83 |
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Both XTB and TMGM do not provide the option to purchase actual (delivered) cryptocurrency; however, they both allow investors to buy cryptocurrency derivatives.
Both XTB and TMGM provide a range of deposit and withdrawal options, including PayPal, Skrill, Visa, Mastercard, and bank wires, but neither offers ACH or SEPA transfers.
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 | XTB | TMGM | |
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| Trust Score | 96 | 83 | |
| Winner | check_circle | ||
| Review | XTB Review | TMGM Review |
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| Regulation | XTB | TMGM | |
|---|---|---|---|
| Trust Score | 96 | 83 | |
| Year Founded | 2002 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | XTB | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | XTB | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 12000 | |
| Forex Pairs (Total) | 71 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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 | XTB | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | XTB | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XTB | 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 | Yes | Yes |
| Education | XTB | 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 | XTB | 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 | XTB Review | TMGM Review |
| Overall | XTB | TMGM | |
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| Trust Score | 96 | 83 | |
| Winner | check_circle | ||
| Review | XTB Review | TMGM Review |
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