Written by ForexBrokers.com
In this head to head comparison of TMGM vs FXPrimus, 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, an online broker established in 2013, is considered a trusted choice with a Trust Score rating of 83 out of 99 by ForexBrokers.com. Although not publicly traded or operating as a bank, TMGM has earned its reputation with 2 Tier-1 licenses. These licenses are viewed as highly trustworthy, reassuring traders looking for a reliable platform.
FXPrimus, founded in 2009, holds a ForexBrokers.com Trust Score of 71, indicating an average risk. Like TMGM, FXPrimus is not publicly traded and does not function as a bank. However, it holds 1 Tier-1 license, which reflects a level of reliability in the financial market, though slightly lower than its competitor, TMGM.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Year Founded | 2013 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When considering TMGM for your trading needs, it's important to note their competitive commission rates, particularly with the Edge account. This account type charges a low commission of $3.50 per side (totaling $7 per round trip) while offering low spreads, making it appealing for traders aiming for cost-effective trades. However, potential clients should be aware that recent average spread data for the popular EUR/USD pair is unavailable, which might impact comprehensive assessments of trading costs. Islamic finance customers who require Sharia-compliant accounts must opt for the Edge account, as swap-free options aren’t available with the Classic account.
FXPrimus, on the other hand, currently doesn't provide average spread data, which could be a drawback for those who rely on such information to gauge trading costs. Despite this limitation, FXPrimus maintains a solid reputation in the industry. Both brokers offer a similar quality in terms of commissions and fees, with TMGM earning a 4-star rating, just like FXPrimus.
In terms of rankings, TMGM stands at #36 out of 62 brokers for commissions and fees according to ForexBrokers.com, slightly ahead of FXPrimus, which is ranked at #42. For traders, choosing between these two may ultimately depend on specific needs related to account types and the availability of specific data such as average spreads, which can affect trading strategies and cost evaluations.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| 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 investment options available, TMGM stands out with an impressive offering of 12,000 tradeable symbols, including 62 forex pairs. This expansive selection gives traders a broad array of choices to manage their trading strategies effectively. Additionally, TMGM offers both CFD and spot contract options for forex trading, as well as the capacity to trade cryptocurrency derivatives. They also provide copy trading, a valuable feature for those looking to mirror the moves of experienced traders without having exchange traded securities from the U.S. or international exchanges.
On the other hand, FXPrimus presents a more limited selection of 140 tradeable symbols, featuring 42 forex pairs. Like TMGM, FXPrimus supports forex trading through CFDs and spot contracts and allows for trading in cryptocurrency derivatives, while also offering copy trading. However, FXPrimus, similar to TMGM, does not provide exchange traded securities for direct purchase on U.S. or international exchanges. In terms of investor ratings, TMGM receives a higher score of 4.5 stars and ranks 17th in the Range of Investments category by ForexBrokers.com, outperforming FXPrimus, which is rated 3.5 stars and ranks 59th.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 140 |
| Forex Pairs (Total) | 62 | 42 |
| 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 it comes to trading platforms and tools, both TMGM and FXPrimus provide traders with substantial resources to enhance their trading experience. Both brokers offer simulated or paper trading through free virtual demo accounts, helping users gain confidence before committing to real trades. While TMGM does not have its own proprietary platform, FXPrimus leverages a self-developed solution alongside industry-standard platforms like MetaTrader 4 and 5, which are available through both brokers. Users can opt for either a Windows-based desktop platform or a web-based browser trading experience with either broker, and both provide opportunities for copy trading. Although neither broker supports DupliTrade or ZuluTrade, their platforms come equipped with key features such as the ability to trade directly from stock charts.
TMGM and FXPrimus offer an equal number of charting tools, with 15 drawing tools available for traders. They both also provide watch lists with seven columns, making it easy for users to customize and organize their trading data. Although their trading platforms are highly rated with four stars each, TMGM ranks slightly higher than FXPrimus in ForexBrokers.com's list, with TMGM placed at #48 and FXPrimus at #49 out of 62 brokers for trading platforms and tools. Overall, traders can expect a comparable, strong platform experience with either broker, although individual preferences, particularly regarding proprietary software, may sway some users towards FXPrimus.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| 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 FXPrimus, both brokers offer well-equipped platforms for traders using iPhone or Android devices. Each app provides essential features like stock and forex price alerts, the ability to draw trendlines on charts, and access to 30 technical studies. Traders will find the inclusion of multiple time frames for chart analysis useful, whether they are interested in daily, weekly, or intraday views. However, neither TMGM nor FXPrimus provides the capability to sync watchlists across devices, which means changes made on one platform won't automatically update on the other.
Both TMGM and FXPrimus ensure that drawings on charts are auto-saved, adding convenience for continuous analysis. Additionally, the apps allow users to create watchlists with real-time quotes, catering to active traders seeking immediate information. In terms of overall user satisfaction, both platforms receive four-star ratings for their mobile trading apps. While TMGM holds a slightly higher position, ranked at number 47 by ForexBrokers.com in the Mobile Trading Apps category, FXPrimus closely follows at number 48, making both viable options for mobile-based trading.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| 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 it comes to market research tools, both TMGM and FXPrimus provide daily market commentary, ensuring traders stay informed with up-to-date insights. However, TMGM takes a step ahead by offering forex news from renowned sources like Bloomberg and Reuters, a feature FXPrimus lacks. Additionally, TMGM integrates Trading Central for technical analysis, giving traders more in-depth insights, whereas FXPrimus does not offer such tools. Both brokers do not have resources like Autochartist or market insights from TipRanks, but TMGM provides Acuity Trading's research tools and a sentiment-based trading tool to gauge market positioning, which are not available with FXPrimus.
For traders seeking comprehensive tools, TMGM emerges as the slightly better option, with a rating of 3.5 stars for research compared to FXPrimus's 3 stars. TMGM is ranked 53rd out of 62 brokers in the research category by ForexBrokers.com, placing it higher than FXPrimus, which stands at 58th. Despite both brokers offering an economic calendar to track global news events, TMGM delivers a more enriched research experience due to its broader selection of premium tools and news sources.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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 it comes to educational resources for beginners, FXPrimus takes a slight edge over TMGM. FXPrimus provides a variety of educational materials related to forex and CFDs, with at least ten pieces including articles, videos, and archived webinars. They also offer monthly online educational webinars, catering to beginners eager to expand their trading knowledge. Both FXPrimus and TMGM present a searchable archive of recorded webinars, ensuring access to past learning sessions. However, neither broker supplies a robust collection of beginner-focused or advanced educational videos.
While TMGM lacks in offering diverse educational content, it does provide an extensive investor dictionary with over 50 investing terms, a feature absent in FXPrimus. In terms of ratings, TMGM scores 3.5 stars for education compared to the 3 stars of FXPrimus. However, both brokers rank low in the education category by ForexBrokers.com, with TMGM positioned at #54 and FXPrimus slightly ahead at #51 out of 62 surveyed brokers. Therefore, beginners may find FXPrimus a more comprehensive choice in terms of varied educational content, while TMGM might appeal to those looking for detailed investing term explanations.
| Feature |
TMGM
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| 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 FXPrimus. TMGM finished with an overall rank of #37, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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Both online brokers TMGM and FXPrimus do not provide the option to buy actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
Both TMGM and FXPrimus provide options to deposit or withdraw funds through Skrill, Visa, Mastercard, and bank wires, but TMGM stands out by also accepting PayPal, whereas 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 | TMGM | FXPrimus | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | FXPrimus | |
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| Regulation | TMGM | FXPrimus | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2013 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 140 | |
| Forex Pairs (Total) | 62 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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