Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
When comparing online brokers FxPro and TMGM, both companies have established themselves as trusted figures in the online trading industry. Founded in 2006, FxPro holds a Trust Score of 90 out of 99 according to ForexBrokers.com, categorizing it as highly trusted. Meanwhile, TMGM, which started operations in 2013, receives a Trust Score of 83, placing it within the trusted category. Both brokers are privately held and do not operate as banks, ensuring a focus on trading services.
In terms of regulatory coverage, both FxPro and TMGM boast two Tier-1 licenses, deemed highly trusted by ForexBrokers.com. This establishes a solid foundation of reliability. However, FxPro takes a slight edge with an additional Tier-2 license, enhancing its trusted status further. Such regulations are crucial for maintaining industry standards and safeguarding traders, making both firms viable choices for individuals entering the world of online trading.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Year Founded | 2006 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
FxPro and TMGM both aim to meet the needs of traders with specific execution models and pricing options, yet they differ significantly in their commission and fee structures. FxPro's pricing strategies are generally more costly than industry standards. It offers a mix of spread types on its MT4 platform, including both variable and fixed spreads, though these come with certain conditions. Traders using FxPro’s cTrader platform can access competitive spreads with a commission-based model that effectively translates to a EUR/USD spread of approximately 1.27 pips. However, for MT4 and MT5 users, average spreads on the EUR/USD pair can go up to 1.58 pips on market execution. Despite a robust Active Trader program providing discounts of up to 30%, FxPro lags behind leading competitors like FOREX.com, resulting in a 4-star rating and #32 ranking out of 62 brokers by ForexBrokers.com.
TMGM offers a competitive approach, especially for those opting for its Edge account, which has low spreads and no requotes. The Edge account includes a reasonable commission fee of $7 per round trip, without average spread data provided, which is a gap in transparency when compared to other top brokers. TMGM provides options that are tailored for specific trading needs: their Classic account is spread-only, while the Edge account is commission-based, making it particularly attractive for those keeping an eye on costs. Islamic traders can also find suitable options within the Edge account, thanks to interest-free, Sharia-compliant features. TMGM also enjoys a 4-star rating, though it holds the #36 spot in ForexBrokers.com's ranking for commissions and fees.
Both FxPro and TMGM offer unique strengths and competitive features, depending on your trading style and platform preference. While FxPro provides a comprehensive execution model that includes both instant and market execution, alongside active trader benefits, TMGM focuses on providing cost-efficient options for traders through its Edge account. Each trader should consider their specific needs and trading habits when choosing between these brokers, while also recognizing the rankings and ratings that reflect their market positions.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FxPro and TMGM both provide a variety of investment opportunities with some distinct differences. FxPro offers forex trading via CFDs or spot contracts, providing access to 2249 tradeable symbols, including 70 forex pairs. Although it does not offer exchange traded securities on U.S. exchanges, it allows trading of international securities like those from the London Stock Exchange. This broker also supports both copy trading and trading in cryptocurrency derivatives, though it does not facilitate the purchase of actual cryptocurrencies. Rated 4 stars for its Range of Investments, FxPro ranks 28th among 62 brokers according to ForexBrokers.com.
On the other hand, TMGM also allows forex trading through CFDs or spot contracts, but impressively offers access to a larger pool of 12000 tradeable symbols. While it supports 62 forex pairs and excludes access to exchange traded securities on both U.S. and international exchanges, it matches FxPro in supporting copy trading and trading in cryptocurrency derivatives. TMGM does not offer the option to purchase actual cryptocurrencies either. Recognized with 4.5 stars for its Range of Investments, TMGM ranks higher at 17th place in the ForexBrokers.com comparison of 62 brokers.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 12000 |
| Forex Pairs (Total) | 70 | 62 |
| U.S. Stock Trading (Non CFD) | No | 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.
FxPro and TMGM are both popular online brokers that provide their users with a range of trading platforms and tools. Both brokers offer a free virtual demo account, allowing users to engage in simulated trading to hone their skills without financial risk. FxPro provides a proprietary platform that is specifically developed in-house, while TMGM does not have its own proprietary platform. Both brokers support widely used platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with offering Windows-based desktop download and web-based trading platforms. Additionally, both offer copy trading; however, neither offers ZuluTrade or DupliTrade.
When it comes to charting and watch list features, FxPro and TMGM have notable differences. FxPro offers 25 drawing tools for charting, which is more than TMGM's 15, providing traders with more options for technical analysis. However, TMGM edges out FxPro in terms of watch list configuration, offering 7 columns compared to FxPro’s 6. Both brokers allow trading directly from a stock chart, which enhances trading efficiency. In terms of ratings, both brokers earned four stars for their trading platforms and tools, though FxPro ranks higher at #18 compared to TMGM's #48 out of 62 brokers in the ForexBrokers.com rankings.
| Feature |
FxPro
|
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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and TMGM both provide comprehensive mobile trading solutions for iPhone and Android users, making it convenient for traders on the go. Both brokers deliver features like stock and forex price alerts, the ability to draw trendlines, and the option to view various time frames on charts. They also support creating watchlists with real-time quotes. However, FxPro has an edge with its ability to sync watchlist symbols across the mobile app and online accounts, ensuring seamless updates wherever you choose to trade.
When it comes to technical studies for charting, FxPro significantly outpaces TMGM by offering 65 options compared to TMGM's 30. Both apps auto-save drawings on charts, which is a handy feature for maintaining your analysis. In terms of user ratings and industry ranking, FxPro surpasses TMGM with a 4.5-star rating and a #15 ranking by ForexBrokers.com for mobile trading apps, while TMGM holds a 4-star rating and ranks #47 out of 62 brokers. These differences may influence your choice, depending on what features are most critical for your trading needs.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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, both FxPro and TMGM offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. Both brokers also provide technical analysis tools from Trading Central, as well as sentiment-based trading tools that display the ratio of long or short positions. However, TMGM stands out by providing research tools from Acuity Trading, while FxPro does not. Both platforms equip traders with an economic calendar for monitoring key global events, but neither offers market research from TipRanks or tools from Autochartist.
In terms of ratings, FxPro receives higher marks, with a 4-star rating for research compared to TMGM's 3.5 stars. Additionally, FxPro ranks better among brokers, holding the #27 spot in the research category on ForexBrokers.com, while TMGM comes in at #53. These distinctions suggest that while both brokers offer valuable resources for market research, FxPro edges out with a slightly more comprehensive offering, according to third-party evaluations.
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 available to beginners from online brokers FxPro and TMGM, FxPro emerges as a more comprehensive choice. FxPro offers over ten educational pieces focused on forex and CFDs, which include a mix of articles, videos, and archived webinars. TMGM, on the other hand, doesn't reach this threshold. Both brokers provide a searchable archive of previously recorded webinars, though neither offers ongoing monthly webinars. However, FxPro enhances its offerings with at least ten beginner educational videos tailored for new traders, a feature that TMGM does not match.
In terms of supporting resources, both FxPro and TMGM provide an investor dictionary encompassing over 50 trading terms, a useful tool for beginners looking to familiarize themselves with industry jargon. The quality and range of educational materials see FxPro earn a higher education rating of 4 stars compared to TMGM's 3.5 stars. Additionally, FxPro is ranked #17 in the Education category by ForexBrokers.com among 62 brokers, showcasing a significant lead over TMGM, which stands at #54. As a result, beginners seeking a well-rounded educational experience may find FxPro to be the more favorable option.
| Feature |
FxPro
|
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 | 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 FxPro is better than TMGM. FxPro finished with an overall rank of #21, while TMGM finished with an overall rank of #37.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 83 |
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Neither FxPro nor TMGM offers the capability to purchase actual delivered cryptocurrency, but both provide the option to trade cryptocurrency derivatives.
When comparing online brokers, FxPro distinguishes itself from TMGM by offering a broader range of funding options, including ACH and SEPA transfers, along with common methods like PayPal, Skrill, Visa/Mastercard, and bank wires, while TMGM supports all except ACH and 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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2 of 5| Overall Rating | FxPro | TMGM | |
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| Trust Score | 90 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review | TMGM Review |
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| Regulation | FxPro | TMGM | |
|---|---|---|---|
| Trust Score | 90 | 83 | |
| Year Founded | 2006 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | FxPro | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FxPro | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 12000 | |
| Forex Pairs (Total) | 70 | 62 | |
| U.S. Stock Trading (Non CFD) | No | 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 | FxPro | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | 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 | 65 | 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 | FxPro | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | 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 | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | 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 | FxPro Review | TMGM Review |
| Overall | FxPro | TMGM | |
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| Trust Score | 90 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review | TMGM Review |
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