Written by ForexBrokers.com
In this head to head comparison of TMGM vs FXGT.com, 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.
Founded in 2013, TMGM is an online broker known for its regulatory strength within the financial industry. While not publicly traded or a bank, TMGM stands out with its two Tier-1 licenses, highlighting its status as a trusted financial entity. Achieving a Trust Score of 83 from ForexBrokers.com, TMGM is ranked within the "trusted" category, reflecting its commitment to providing reliable services to traders.
In contrast, FXGT.com, established in 2019, is a newer player in the online brokerage space. Like TMGM, it is neither publicly traded nor a bank. FXGT.com holds one Tier-1 license, indicating a recognized level of trust, accompanied by an additional Tier-2 license. Despite these credentials, its Trust Score is 69 according to ForexBrokers.com, placing it in the "high risk" bracket. This score suggests that potential clients should exercise more caution when dealing with FXGT.com compared to TMGM.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Year Founded | 2013 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing online broker TMGM to FXGT.com in terms of commissions and fees, TMGM stands out with a 4-star rating. TMGM offers two primary account types: the spread-only Classic account and the commission-based Edge account. For those aiming to optimize costs, the Edge account is preferable as it charges a $3.50 commission per side ($7 per round trip) alongside low spreads. Unfortunately, recent average spread data for the EUR/USD is not available, but competitive trading conditions can still be found. Notably, Islamic finance customers can avail themselves of a Sharia-compliant Edge account though swap-free accounts aren't offered with the Classic option.
FXGT.com, on the other hand, holds a slightly lower rating of 3.5 stars for commissions and fees. Similar to TMGM, FXGT.com also faces the challenge of not providing average spread data, making it more difficult for traders to gauge the overall cost effectiveness. Despite lacking this crucial information, the brokerage still offers a viable platform for trading, albeit with a less favorable ranking.
In the broader assessment by ForexBrokers.com, TMGM ranks at #36 out of 62 brokers in the Commissions and Fees category, substantially outperforming FXGT.com, which is positioned at #55. This ranking highlights TMGM's competitive edge in reducing trading costs, despite both brokers needing to improve transparency by providing average spread data.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing TMGM and FXGT.com for their range of investment options, TMGM stands out with an impressive offering of 12,000 tradeable symbols, while FXGT.com provides a more modest selection of 117 symbols. In the forex market, TMGM offers 62 tradeable forex pairs, slightly surpassing FXGT.com's offering of 53 pairs. Both platforms allow users to trade forex as a CFD or spot contract, and they each provide the option to invest in cryptocurrency derivatives, although they do not offer the option to purchase actual cryptocurrencies. Despite these similarities, neither TMGM nor FXGT.com grants access to exchange-traded securities on U.S. or international exchanges.
In terms of additional features, both brokers facilitate copy trading, a valuable tool for investors looking to mirror the strategies of experienced traders. However, when it comes to overall customer satisfaction regarding the range of investments, TMGM receives a higher rating of 4.5 stars, indicating a broader appeal when compared to FXGT.com's 3-star rating. This difference is reflected in their rankings by ForexBrokers.com, where TMGM is placed at 17th out of 62 brokers, while FXGT.com sits at a lower position, ranking 60th. These factors make TMGM potentially more attractive for those seeking diverse investment opportunities.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 117 |
| Forex Pairs (Total) | 62 | 53 |
| 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.
When comparing TMGM and FXGT.com, both brokers offer a comprehensive suite of trading platforms and tools that cater to a wide range of trading needs. Each provides a free demo account, allowing traders to practice and refine their strategies risk-free. Although neither broker has developed its own in-house platform, they both support popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Additionally, TMGM and FXGT.com offer Windows-based desktop and web-based browser platforms, ensuring traders can manage their accounts from various devices. For those interested in social trading, both brokers offer copy trading options, though neither supports DupliTrade or ZuluTrade.
In terms of charting capabilities, TMGM supplies 15 drawing tools, while FXGT.com offers a slight edge with 23 drawing tools. Both brokers enable trading directly from a stock chart, facilitating a more seamless trading experience. When it comes to organizing information, TMGM provides seven columns for watch lists, surpassing FXGT.com's five. Rated four stars for their trading platforms and tools, TMGM is ranked #48, while FXGT.com comes in at #56 out of 62 brokers on ForexBrokers.com. This reflects the broad usability and satisfaction traders find using these platforms, despite the slight differences in ranking and additional tools.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| 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 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When examining the mobile trading apps of TMGM and FXGT.com, both brokers provide comprehensive platforms for iPhone and Android users, ensuring that traders are not restricted by their choice of device. Both apps are equipped with essential features like stock and forex price alerts, as well as the ability to draw trendlines and visualize multiple time frames on charts—reflecting their commitment to delivering versatile trading experiences. Each app includes 30 technical studies for charting, providing users with ample tools to conduct analysis. However, a notable difference lies in the capability of FXGT.com to sync watchlists between the mobile app and a client's online account, a feature TMGM does not offer.
Real-time quote-enabled watchlists are available on both platforms, empowering traders to stay updated on market movements easily. Both brokers have incorporated auto-saving for chart drawings, making it convenient for users to retain their analytical work seamlessly. Despite these similarities, user ratings and rankings do differ; TMGM earns a rating of 4 out of 5 stars and a higher rank of #47 out of 62 brokers for mobile trading apps according to ForexBrokers.com. Conversely, FXGT.com garners a slightly lower rating of 3.5 stars and is ranked #58, indicating a small advantage for TMGM in user satisfaction and perceived quality.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 online brokers TMGM and FXGT.com, several key differences become apparent. TMGM stands out with its daily market commentary and access to forex news from prestigious sources like Bloomberg and Reuters, features that FXGT.com does not provide. Both brokers fall short by not incorporating Autochartist tools, but TMGM compensates with Trading Central’s Technical Analytics, offering users more analytical depth than FXGT.com. Furthermore, while both brokers provide sentiment-based trading tools and economic calendars, TMGM further enriches its platform with the inclusion of Acuity Trading's tools, such as the Signal Centre, enhancing the research experience for its users.
Reviewing their market research ratings, TMGM earns a respectable 3.5 stars out of five, placing it at number 53 among 62 brokers evaluated by ForexBrokers.com. FXGT.com, on the other hand, garners a rating of 3 stars and ranks slightly lower at position 56. These ratings highlight TMGM's lead in offering a more comprehensive set of research tools and insights for traders, even though there remains room for improvement for both brokers in the broader landscape of market research services.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners exploring forex or CFDs, both TMGM and FXGT.com leave room for improvement. Neither platform meets the criteria for offering a substantial library of educational content featuring at least 10 pieces focused on forex or CFDs. Additionally, they do not provide regular monthly webinars for clients. A key differentiator, however, is TMGM's searchable archive of previously recorded webinars, a resource which FXGT.com does not offer.
Both TMGM and FXGT.com support budding traders with investor dictionaries that define over 50 investing terms, a handy tool for grasping the basics. Despite this, neither broker provides a complete collection of beginner or advanced trading videos catered to novice or experienced traders. Among 62 brokers, TMGM ranks at 54th for educational offerings, just ahead of FXGT.com, which ranks 59th. TMGM's slightly higher educational rating of 3.5 stars compared to FXGT.com's 3 stars suggests TMGM might have a slight edge, though both brokers could expand their educational support for traders.
| Feature |
TMGM
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | 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 TMGM is better than FXGT.com. TMGM finished with an overall rank of #37, while FXGT.com finished with an overall rank of #58.
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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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 69 |
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Both TMGM and FXGT.com do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide the option to buy cryptocurrency derivatives.
While TMGM offers PayPal, Skrill, Visa, Mastercard, and bank wire options for account transactions, FXGT.com stands out with the addition of ACH and SEPA transfers alongside Visa, Mastercard, and bank wires, enhancing the variety of deposit and withdrawal methods available to traders.
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 | FXGT.com | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | FXGT.com | |
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| Regulation | TMGM | FXGT.com | |
|---|---|---|---|
| Trust Score | 83 | 69 | |
| Year Founded | 2013 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | TMGM | FXGT.com | |
|---|---|---|---|
| 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 | Yes |
| Tier-2 Licenses (Trusted) | TMGM | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 117 | |
| Forex Pairs (Total) | 62 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | TMGM | FXGT.com | |
|---|---|---|---|
| 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 | TMGM | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | FXGT.com | |
|---|---|---|---|
| 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 | TMGM Review |
| Overall | TMGM | FXGT.com | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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