Written by ForexBrokers.com
In this head to head comparison of TMGM vs Forex4you, 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.
TMGM, founded in 2013, and Forex4you, established in 2007, are both online brokers that are not publicly traded and are not banks. When considering regulatory standing, TMGM stands out with two Tier-1 licenses, which are seen as highly trusted according to ForexBrokers.com. In contrast, Forex4you does not hold any Tier-1 or Tier-2 licenses, which could be a consideration for those evaluating trust levels in broker choices.
In terms of trust ratings from ForexBrokers.com, TMGM has a Trust Score of 83, placing it in the "trusted" category. This score suggests a stable regulatory environment for potential users. Meanwhile, Forex4you has a Trust Score of 61, categorized as "high risk," which might be worth noting for those concerned about reliability and oversight. This difference in trust ratings and licensing may be important factors for individuals comparing these two brokers for their trading needs.
| Feature |
TMGM
|
Forex4you
|
|---|---|---|
| Year Founded | 2013 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of online brokers TMGM and Forex4you, TMGM stands out for its competitive pricing. TMGM offers a choice between their spread-only Classic account and the commission-based Edge account. The Edge account is particularly attractive for active traders, as it charges a modest commission of $3.50 per side, amounting to $7 per round trip, along with low spreads. TMGM also caters to Islamic finance customers through its Sharia-compliant Edge account. However, an area for improvement is the availability of average spread data, which is crucial for assessing trading costs.
On the other hand, Forex4you does not provide average spread data either, making it challenging for traders to get a clear picture of the overall trading expenses. While both brokers lack this critical data, TMGM seems to maintain an edge by providing more transparent account options that cater to a broader range of trading preferences.
In terms of ratings, TMGM earns a commendable 4 out of 5 stars for its commissions and fees, ranking #35 out of 62 brokers reviewed by ForexBrokers.com. In contrast, Forex4you is rated at 3.5 stars, ranking #53 in the same category. These ratings underscore TMGM's competitive pricing structures compared to Forex4you.
| Feature |
TMGM
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 it comes to the range of investments, both TMGM and Forex4you provide opportunities for trading forex as CFDs or spot contracts. However, TMGM stands out with an impressive offering of 12,000 tradeable symbols, including 62 forex pairs, compared to Forex4you's more modest selection of 150 tradeable symbols and 43 forex pairs. While neither broker offers exchange-traded securities on U.S. or international exchanges, both platforms support copy trading for users who prefer to follow the strategies of experienced traders.
In the realm of cryptocurrency, both TMGM and Forex4you provide access to cryptocurrency derivatives but do not offer the option to buy actual cryptocurrencies. With these features in mind, TMGM earns a higher rating of 4.5 out of five stars for its range of investments, outperforming Forex4you's 3.5-star rating. Additionally, TMGM is ranked #17 by ForexBrokers.com in the range of investments category out of 62 brokers, while Forex4you ranks at #58.
| Feature |
TMGM
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 150 |
| Forex Pairs (Total) | 62 | 43 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
In comparing the trading platforms and tools offered by TMGM and Forex4you, both brokers provide a wide range of features for traders. TMGM and Forex4you both support simulated trading with free virtual demo accounts. When it comes to desktop and web-based trading platforms, both companies offer the popular Windows-based MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. However, Forex4you distinguishes itself by offering a proprietary platform developed in-house. Both brokers also allow for copy trading, but neither supports DupliTrade or ZuluTrade integration.
TMGM and Forex4you offer ample charting capabilities, with 15 drawing tools each and the ability to trade directly from stock charts. Both feature a watch list with seven columns for managing trades. Despite these similarities, there are differences in their rankings on ForexBrokers.com, where TMGM is ranked #48, slightly ahead of Forex4you at #52 in the Trading Platforms and Tools category. Both are rated four out of five stars, showing a strong offering but with areas for potential improvement compared to other brokers.
| Feature |
TMGM
|
Forex4you
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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.
When comparing the mobile trading apps of TMGM and Forex4you, both platforms offer convenient iPhone and Android apps that allow users to trade on the go. Both brokers support stock and forex price alerts, ensuring you never miss an update. Furthermore, each app provides users with access to 30 technical studies for charting, the ability to draw trendlines, and toggle between different time frames such as daily or weekly views. Moreover, any charts or drawings created within the apps will auto-save for future reference, adding to the ease of user experience.
However, neither TMGM nor Forex4you enables the syncing of watchlist symbols between the mobile app and the client’s online account, which might be a consideration for those who frequently switch devices. Nonetheless, both apps do offer the setup of watchlists with real-time quotes. In terms of user ratings, each app earns four out of five stars, demonstrating satisfaction among users. According to ForexBrokers.com, TMGM ranks slightly higher at position 46 out of 62 brokers, while Forex4you follows at 50. Whether you choose TMGM or Forex4you, both provide reliable and comprehensive mobile trading solutions.
| Feature |
TMGM
|
Forex4you
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 the market research offerings of TMGM and Forex4you, both brokers provide daily market commentary and reliable forex news from respected sources like Bloomberg, Reuters, and Dow Jones. These features ensure traders have access to timely and relevant information. TMGM and Forex4you also offer services from Trading Central, providing traders with essential technical analytics. However, Forex4you goes a step further by including tools from Autochartist, enhancing their technical and fundamental research capabilities, which TMGM does not offer. On the other hand, TMGM stands out by offering sentiment analysis tools, giving users insights into market trends based on long and short positions. This is a feature lacking in Forex4you's offerings.
For traders interested in additional analytical tools, TMGM provides resources from Acuity Trading, such as Signal Centre, while Forex4you does not include these tools. Both brokers offer comprehensive economic calendars, allowing traders to stay informed about global economic events. Despite these varying features, both TMGM and Forex4you receive the same research rating of 3.5 stars. However, when considering the industry ranking out of 62 brokers, Forex4you is positioned slightly higher at #47, compared to TMGM’s position at #53, highlighting a minor difference in their perceived research offerings.
| Feature |
TMGM
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between TMGM and Forex4you, it's clear that both platforms offer distinct advantages. TMGM provides users with access to a searchable archive of recorded client webinars and offers an investor dictionary with over 50 investing terms. However, it lacks a comprehensive collection of educational materials specifically focused on forex or CFDs, such as articles, videos, or archived webinars. In addition, TMGM does not offer monthly online educational client webinars or a diverse set of beginner and advanced trading videos.
On the other hand, Forex4you stands out by offering a range of at least 10 educational pieces that focus on forex or CFDs, helping to create a more solid foundation for beginner traders. Similar to TMGM, Forex4you also provides a searchable archive of previously recorded webinars, although it does not host monthly live webinars or an extensive library of beginner and advanced trading videos. Notably, Forex4you lacks an investor dictionary like TMGM but achieves a higher rank in the education category by ForexBrokers.com, coming in at #25 compared to TMGM's #54. Both brokers are rated equally in terms of education, with 3.5 out of 5 stars.
| Feature |
TMGM
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that TMGM is better than Forex4you. TMGM finished with an overall rank of #37, while Forex4you finished with an overall rank of #55.
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
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Forex4you
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 61 |
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Both TMGM and Forex4you do not provide options for purchasing actual cryptocurrency, but they each offer the capability to trade cryptocurrency derivatives.
In comparing online brokers TMGM and Forex4you, both do not support ACH or SEPA transfers; however, TMGM distinguishes itself by providing PayPal as a deposit and withdrawal option, a feature Forex4you lacks, while both offer Skrill, Visa or Mastercard, and bank wire methods for managing account 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 | TMGM | Forex4you | |
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| Trust Score | 83 | 61 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | Forex4you | |
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| Regulation | TMGM | Forex4you | |
|---|---|---|---|
| Trust Score | 83 | 61 | |
| Year Founded | 2013 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | Forex4you | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | TMGM | Forex4you | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 150 | |
| Forex Pairs (Total) | 62 | 43 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | TMGM | Forex4you | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | TMGM | Forex4you | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | TMGM | Forex4you | |
|---|---|---|---|
| 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 | TMGM | Forex4you | |
|---|---|---|---|
| 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 | 30 | 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 | TMGM | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | TMGM | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review | TMGM Review |
| Overall | TMGM | Forex4you | |
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| Trust Score | 83 | 61 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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