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TMGM vs Xtrade 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of TMGM vs Xtrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

TMGM
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 83
  • Tradeable Symbols (Total): 12000
Xtrade
3.5/5 Stars Overall
  • Minimum Deposit: $250
  • Trust Score: 74
  • Tradeable Symbols (Total): 482

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.

Regulation

Founded in 2013, TMGM has built a reputation for trustworthiness in the online trading industry. Although not publicly traded or a bank, TMGM holds two Tier-1 licenses, indicating a high degree of trust as per ForexBrokers.com's criteria. With a Trust Score of 83 out of 99, TMGM is categorized as a trusted broker, providing a reliable option for those looking to engage in online trading activities.

In comparison, Xtrade has been operational since 2003 and also isn't publicly traded or a bank. It carries one Tier-1 license and one Tier-2 license, denoting a mix of high and moderate trust levels. Xtrade has a Trust Score of 74, placing it in the average risk category according to ForexBrokers.com. This makes Xtrade a viable option for traders who are comfortable with taking on a slightly higher level of risk.

Feature TMGM logoTMGM
Xtrade logoXtrade
Year Founded info 2013 2003
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

Comparing TMGM vs Xtrade on commissions and fees, TMGM stands out for its two pricing options: a spread-only Classic account and the commission-based Edge account. The Edge account charges a small $3.50 per side ($7 round trip) on top of generally low spreads, and TMGM notes no requotes. However, TMGM does not publish recent average spread data for EUR/USD, which makes apples-to-apples cost comparisons harder. Islamic traders should note that swap-free (interest-free) trading is available only on the Edge account, not the Classic option. TMGM is rated 4 out of 5 stars for commissions and fees and ranks 37th overall in this category.

Xtrade does not publish average spread data either, limiting transparency around real-world trading costs. In a head-to-head look at pricing clarity and potential costs, this puts Xtrade behind TMGM. Xtrade is rated 2.5 out of 5 stars for commissions and fees and ranks 64th overall in this category.

Feature TMGM logoTMGM
Xtrade logoXtrade
Minimum Deposit info $100 $250
Average spread (EUR/USD) - Standard account info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

TMGM vs Xtrade: when it comes to range of investments, TMGM offers far more choice. TMGM lists about 12,000 tradeable symbols and 62 forex pairs, while Xtrade has 482 symbols and 56 forex pairs. Both brokers let you trade forex as CFDs or spot, and both offer cryptocurrency CFDs (but not actual crypto). Neither broker provides access to exchange‑traded shares on U.S. or international stock exchanges.

Feature-wise, TMGM also supports copy trading, which Xtrade does not. Reflecting this broader lineup, TMGM earns 4.5 out of 5 stars for Range of Investments and ranks 18th out of 63 brokers at ForexBrokers.com, compared with Xtrade’s 3.5 stars and 50th place. If you want more markets and copy trading, TMGM is the stronger fit; if you only need a smaller set of CFDs, Xtrade can cover the basics.

Feature TMGM logoTMGM
Xtrade logoXtrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 12000 482
Forex Pairs (Total) info 62 56
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

TMGM and Xtrade both offer free demo (paper) accounts and web-based platforms, and each lets you place trades directly from charts. The key differences are in platform choice and extras. Xtrade provides its own proprietary platform but does not offer a Windows desktop download or support MetaTrader. TMGM does not have an in-house platform, but it supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with a Windows desktop download and web access, plus copy trading—features Xtrade does not provide.

For Trading Platforms and Tools, ForexBrokers.com rates TMGM 4 stars and ranks it #49 out of 63 brokers, while Xtrade earns 3.5 stars and ranks #59. In short, TMGM is a better fit if you want MT4/MT5, desktop access, and copy trading, whereas Xtrade may appeal if you prefer a proprietary, browser-based experience without the MetaTrader suite.

Feature TMGM logoTMGM
Xtrade logoXtrade
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 30 N/A
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

TMGM and Xtrade both offer iPhone and Android apps, making it easy to trade on the go. According to ForexBrokers.com, TMGM ranks #48 out of 63 for Mobile Trading Apps, while Xtrade comes in at #54. Even so, both apps earn a 4 out of 5 star rating.

When it comes to features, TMGM has an edge. It supports price alerts, offers 30 technical studies for charts, and lets you draw trendlines that auto-save—handy for tracking setups over time. Xtrade does not support price alerts, does not offer trendline drawing or auto-save for drawings, and does not specify how many technical studies are available. Neither broker syncs watchlists between the mobile app and the online account.

Feature TMGM logoTMGM
Xtrade logoXtrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

TMGM vs Xtrade: Both brokers deliver daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, Dow Jones or similar), and an economic calendar. Neither includes Autochartist or TipRanks. The key difference is tooling: TMGM adds Trading Central analytics, a sentiment tool that shows long/short ratios, and Acuity Trading tools such as Signal Centre; Xtrade does not provide these extras.

Bottom line: If you want built-in analytics and sentiment insights, TMGM has the edge; for straightforward news and calendar coverage, Xtrade keeps pace. Both earn 3.5 stars for Research. In ForexBrokers.com’s rankings out of 63 brokers, Xtrade is #53 and TMGM is #54. Choose TMGM if you value Trading Central, sentiment, and Acuity signals; pick Xtrade if standard commentary and news meet your needs.

Feature TMGM logoTMGM
Xtrade logoXtrade
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes No
Client sentiment data info Yes No
TipRanks info No No
Acuity Trading info Yes No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing education at TMGM and Xtrade, both brokers earn a 3.5-star Education rating and neither offers monthly client webinars. Each also falls short on video depth: they don’t provide at least 10 beginner videos or 10 advanced videos. The information provided doesn’t confirm whether either broker meets a 10-piece minimum for forex or CFD education overall.

Rankings tilt slightly in Xtrade’s favor: it places #46 out of 63 brokers for Education, while TMGM ranks #54. In practice, beginners who want structured video courses or frequent live sessions won’t find a clear winner here—both are light on webinars and large video libraries. If a higher independent ranking matters, Xtrade has a small edge; otherwise, check each broker’s site to see the latest articles and lessons to support your first steps in forex and CFD trading.

Feature TMGM logoTMGM
Xtrade logoXtrade
Webinars info No No
Videos - Beginner Trading Videos info No No
Videos - Advanced Trading Videos info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that TMGM is better than Xtrade. TMGM finished with an overall rank of #37, while Xtrade finished with an overall rank of #60.

TMGM stands out for its impressive education toolset, though it still trails behind the best brokers in most categories. TMGM offers a small range of markets via the MetaTrader 4 (MT4) platform. While primarily a MetaTrader broker, it also offers the more exclusive IRESS platform – though the platform-specific requirements will limit who can use it.

Feature TMGM logoTMGM
Xtrade logoXtrade
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 83 74
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 2.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with TMGM or Xtrade?

TMGM vs Xtrade: neither online broker lets you buy actual (delivered) cryptocurrencies, but both offer trading in cryptocurrency CFDs.

What funding options does each broker offer?

TMGM vs Xtrade: both online brokers do not offer ACH or SEPA transfers for deposits or withdrawals, and no verified details were provided regarding support for PayPal, Skrill, Visa/Mastercard, or bank wire funding.

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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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Overall Rating TMGM Xtrade
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 2.5/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 83 74
Winner check_circle
Review TMGM Review Xtrade Review
Broker Screenshots TMGM Xtrade
Broker Gallery (click to expand) info
TMGM MetaTrader 5 MT5 mobile app charts. TMGM client dashboard login TMGM Research Acuity Trading Signal Centre trading signals detail. TMGM learning center academy educational beginner courses progress tracking
Regulation TMGM Xtrade
Trust Score info 83 74
Year Founded info 2013 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes
Tier-1 Licenses info 2 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) TMGM Xtrade
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes
Tier-2 Licenses (Trusted) TMGM Xtrade
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments TMGM Xtrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 12000 482
Forex Pairs (Total) info 62 56
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 TMGM Xtrade
Average spread (EUR/USD) - Standard account info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Inactivity Fee info Yes No
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding TMGM Xtrade
Minimum Deposit info $100 $250
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info
Non-wire bank transfer info No No
Trading Platforms TMGM Xtrade
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
Trading Tools TMGM Xtrade
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes No
Charting - Indicators / Studies (Total) info 30 N/A
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes No
Mobile Trading TMGM Xtrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes No
Research TMGM Xtrade
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes No
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education TMGM Xtrade
Webinars info No No
Videos - Beginner Trading Videos info No No
Videos - Advanced Trading Videos info No No
Major Forex Pairs TMGM Xtrade
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review TMGM Review Xtrade Review
Overall TMGM Xtrade
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 2.5/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 83 74
Winner check_circle
Review TMGM Review Xtrade Review
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