Written by ForexBrokers.com
In this head to head comparison of CMC Markets 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.
CMC Markets, founded in 1989, stands out as a highly trusted online broker with a top Trust Score of 99, according to ForexBrokers.com. As a publicly traded company, CMC Markets holds five Tier-1 licenses and one Tier-2 license, highlighting its strong regulatory compliance and global reliability. TMGM, on the other hand, was established in 2013 and carries a Trust Score of 83, reflecting a trusted standard. However, unlike CMC Markets, TMGM is not publicly traded and holds two Tier-1 licenses, with no Tier-2 licenses, which captures a different level of regulatory assurance.
Both CMC Markets and TMGM are brokers, not banks, offering a secure platform for trading. Despite their differences in regulatory licenses and market presence, these firms provide valuable services tailored to a range of traders. Understanding the regulatory framework and trust ratings helps traders choose a platform that aligns with their comfort level for risk and transparency. CMC Markets offers a more established platform backed by years of experience and a higher trust factor, while TMGM provides a credible and trusted option, particularly appealing to those prioritizing newer market players.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Year Founded | 1989 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing CMC Markets and TMGM on the basis of commissions and fees, CMC Markets emerges as a prominent choice, having secured the #1 spot in the Commissions and Fees category according to the 2025 Annual Awards. With an impressive 5-star rating, CMC Markets is celebrated for its low spreads that appeal to a wide range of customers. The typical spread on EUR/USD trades is 0.61 pips, surpassing industry averages with competitive pricing. CMC Markets further enhances its offering through the Price Plus Scheme, which rewards high-volume traders with spread discounts. Additionally, the FX Active pricing structure provides a commission-based option with spreads as low as zero, maintaining low trading costs.
TMGM, meanwhile, offers appealing choices particularly for those utilizing the Edge account, which combines low spreads with a small commission of $3.50 per side, totaling $7 per round trip. Ranked #35 in the same category with a 4-star rating, TMGM maintains competitiveness through its Edge account despite lacking recent average spread data for EUR/USD. This information is crucial for assessing overall trading costs analytically. For traders adhering to Islamic finance principles, TMGM's Edge account provides a Sharia-compliant option as it supports interest-free trading.
In conclusion, while both CMC Markets and TMGM deliver attractive commissions and fees structures, CMC Markets distinguishes itself with historically low spreads and a full-fledged commission-based option in various regions. This has solidified CMC Markets’ position as a frontrunner in pricing, contrasted with TMGM's strong yet lesser offering especially for those considering their cost-effectiveness in forex trading.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.61 | N/A |
| All-in Cost EUR/USD - Active | 0.51 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing CMC Markets and TMGM on the range of investments they offer, both brokers provide forex trading as a CFD or spot contract, with CMC Markets offering a broader selection of 156 forex pairs compared to TMGM's 62. This extensive selection contributes to CMC Markets having an impressive total of 11,925 tradeable symbols available, slightly fewer than TMGM's 12,000. However, CMC Markets stands out by allowing clients to invest directly in exchange-traded securities on both U.S. and international exchanges, a feature TMGM does not offer. For instance, investors can buy shares like Apple on the NASDAQ through CMC Markets, expanding the investment possibilities for those interested in direct stock purchases.
Both CMC Markets and TMGM provide copy trading options, catering to investors interested in following and replicating professional strategies. While neither platform offers the purchase of actual cryptocurrency, they both allow trading in cryptocurrency derivatives. These capabilities contribute to their overall investment ratings, with CMC Markets earning a distinguishable 5-star rating and TMGM not far behind with 4.5 stars. Moreover, ForexBrokers.com ranks CMC Markets at #9 for the Range of Investments, highlighting its comprehensive offerings, while TMGM is ranked #17 in the same category, reflecting its strong but slightly more limited range.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 12000 |
| Forex Pairs (Total) | 156 | 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 of CMC Markets and TMGM, both brokers offer a wide array of features that cater to the needs of both novice and experienced traders alike. They each provide simulated (paper) trading through free virtual demo accounts, ensuring that users can practice their strategies risk-free. While both platforms support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), CMC Markets stands out with its proprietary platform, providing a unique trading experience. TMGM lacks a proprietary solution but still supports essential MT4 and MT5 features. Both brokers offer Windows-based desktop downloads and web-based platforms, making them accessible and versatile. In terms of charting tools, CMC Markets offers a more comprehensive selection with 40 drawing tools compared to TMGM's 15, giving traders more options to analyze the markets.
Beyond the ability to trade directly from stock charts and engage in copy trading, CMC Markets excels with a higher rating of 5 stars for its trading platforms and tools, compared to TMGM's 4 stars. This is further highlighted by CMC Markets' impressive ranking of 4th place out of 62 brokers, versus TMGM's position at 48th. For those needing extensive watch list options, CMC Markets offers 11 fields versus TMGM's 7, ensuring enhanced customization and tracking capabilities. While neither broker currently supports DupliTrade or ZuluTrade, traders will find that CMC Markets' comprehensive tools and features offer a more complete package for the discerning trader.
| Feature |
CMC Markets
|
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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 79 | 30 |
| Charting - Drawing Tools (Total) | 40 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of CMC Markets and TMGM, both offer impressive functionalities on iOS and Android devices. Users of both platforms can enjoy stock and forex price alerts and have the capability to draw trendlines on charts, while also being able to view different time frames such as daily, weekly, or intraday. Additionally, both apps allow the creation of watchlists with real-time quotes, and they conveniently auto-save any drawings made on charts. However, a notable difference is CMC Markets' feature of watchlist symbol syncing, which enables seamless updates between the mobile app and the client’s online account, a feature not offered by TMGM.
In terms of technical analysis tools, CMC Markets offers 29 technical studies, while TMGM provides 30. Despite this, CMC Markets outshines TMGM in overall rankings. CMC Markets has earned an impressive 5-star rating and stands strong at the 5th position among 62 brokers on ForexBrokers.com for mobile trading apps. In comparison, TMGM holds a 4-star rating and is ranked at 46th position, indicating a considerable gap in performance and user satisfaction. This makes CMC Markets a more favorable choice for traders seeking a top-rated mobile trading experience.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 29 | 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 CMC Markets and TMGM for market research, both brokers provide daily market commentary and access to top-tier forex news from sources like Bloomberg and Reuters, keeping traders well-informed. CMC Markets differentiates itself by offering tools like Autochartist, which TMGM lacks, but it doesn't provide Trading Central tools, which TMGM does offer. Both brokers give access to sentiment-based trading tools to assist in decision-making. However, neither offers market research from TipRanks. Additionally, TMGM has research tools from Acuity Trading, which CMC Markets does not provide.
Both CMC Markets and TMGM feature economic calendars to track global news events, yet their market research quality and ranking differ significantly. CMC Markets earns a higher research rating with 5 stars, positioning it at 6th place out of 62 brokers according to ForexBrokers.com, whereas TMGM scores 3.5 stars and is ranked at 53rd. These differences highlight CMC Markets as a top choice for traders seeking comprehensive market analysis and tools.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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 for beginners offered by CMC Markets and TMGM, CMC Markets clearly provides a more comprehensive range of materials. CMC Markets excels with more than 10 educational pieces focused on forex and CFDs, plus at least 10 videos created specifically for beginners. They also include a searchable archive of recorded webinars and an investor dictionary with over 50 investing terms, giving novices a well-rounded introduction to the trading world. On the other hand, TMGM falls short in these areas, as they do not meet the minimum educational resource offerings for beginners. However, like CMC Markets, TMGM provides a searchable archive of recorded webinars and an investor dictionary, aiding in understanding key investing concepts.
For those new to trading, CMC Markets stands out as a top choice with a 5-star education rating, due to its extensive beginner-friendly materials and structured approach to learning. In contrast, TMGM earns a 3.5-star rating and ranks much lower in educational rankings, positioned at #54 out of 62 brokers, compared to CMC Markets' impressive #10. These differences in offerings and educational quality make CMC Markets a more attractive option for beginners seeking thorough learning resources to kick-start their trading journey.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | 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 62 of the best forex brokers, our research and account testing finds that CMC Markets is better than TMGM. CMC Markets finished with an overall rank of #4, while TMGM finished with an overall rank of #37.
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
| Feature |
CMC Markets
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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Both CMC Markets and TMGM provide the option to trade cryptocurrency derivatives but do not offer the capability to purchase actual (delivered) cryptocurrency.
CMC Markets and TMGM both support PayPal, Visa, Mastercard, and bank wire options for depositing or withdrawing funds; however, CMC Markets uniquely offers ACH or SEPA transfers and does not support Skrill, unlike TMGM which supports Skrill but lacks ACH or SEPA transfer options.
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 | CMC Markets | TMGM | |
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| Trust Score | 99 | 83 | |
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| Review | CMC Markets Review | TMGM Review |
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| Regulation | CMC Markets | TMGM | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1989 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | CMC Markets | 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 | CMC Markets | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 11925 | 12000 | |
| Forex Pairs (Total) | 156 | 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 | CMC Markets | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.61 | N/A | |
| All-in Cost EUR/USD - Active | 0.51 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | CMC Markets | 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) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | CMC Markets | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 79 | 30 | |
| Charting - Drawing Tools (Total) | 40 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | 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 | 29 | 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 | CMC Markets | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | CMC Markets | 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 | CMC Markets Review | TMGM Review |
| Overall | CMC Markets | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | TMGM Review |
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