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's commission and fees structure generally positions it above the industry average, which might make it less attractive compared to competitors such as Pepperstone or IC Markets. On the MetaTrader 4 platform, FxPro offers both variable and fixed spreads with different execution styles: instant execution, which can result in requotes but no slippage, and market execution, which does not involve requotes but may entail slippage. If you're a trader on the cTrader platform, you'll find no minimum distance requirements for stop and limit orders, providing more flexibility compared to MetaTrader, where at least a 1-pip distance is necessary. FxPro’s competitive edge is mostly apparent on its cTrader platform, where the effective spread for EUR/USD is around 1.27 pips, factoring in a 0.9 pip commission-equivalent.
At TMGM, trading costs can vary depending on the account type selected. The Edge account stands out due to its low spreads and modest commission of $3.50 per side ($7 per round trip), making it an appealing option for traders seeking cost-efficiency. Unlike FxPro, TMGM doesn’t publish comprehensive average spread data for its Edge account, which may hinder a detailed assessment of total trading costs. That said, TMGM offers a competitive rate structure, especially for those who prioritize Sharia-compliant accounts, as they must opt for the Edge account due to limitations on swap-free options within the Classic account.
When it comes to rating and ranking, FxPro secures a 4-star rating for its commissions and fees, placing it at the 32nd spot out of 62 brokers according to ForexBrokers.com. On the other hand, TMGM also garners a 4-star rating; however, it ranks slightly lower at 35th out of 62 brokers. This competitive scenario highlights that while both brokers offer commendable fee structures, FxPro's broader platform offerings could attract those seeking specific trading conditions.
| 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.
Both FxPro and TMGM provide traders with a broad range of trading platforms and tools, appealing to users of varying experience levels. Both brokers offer free virtual demo accounts, which is beneficial for those looking to hone their skills without any financial risk. FxPro stands out by offering a proprietary trading platform, which is designed in-house to cater to its unique trading needs. In contrast, TMGM does not provide its own platform but relies on popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are available at FxPro as well. Both brokers offer Windows-based desktop platforms and web-based trading options, catering to users who may prefer trading from their desktop environment or through their browser. Furthermore, both FxPro and TMGM support copy trading, expanding opportunities for traders to mimic successful strategies.
In terms of charting tools, FxPro offers 25 drawing tools compared to TMGM's 15, allowing for more detailed technical analysis. However, TMGM provides watch lists with a slightly higher number of fields, offering seven compared to FxPro's six, which might be useful for traders who rely heavily on organizing their market views. Both brokers enable users to trade directly from stock charts, facilitating a seamless trading experience. When rated for their trading platforms and tools, both FxPro and TMGM score 4 stars. However, FxPro is ranked higher at 19th place out of 62 brokers in the Trading Platforms and Tools category on ForexBrokers.com, while TMGM is placed at 48th, indicating a slight edge for FxPro in this competitive area. Overall, traders may find each broker's offerings suited to different preferences, depending largely on the importance they place on certain features.
| 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.
When it comes to mobile trading apps, both FxPro and TMGM deliver solid options for traders using iPhones or Android devices. Both apps support stock and forex price alerts, allowing users to stay updated regardless of location. However, FxPro stands out with its seamless watchlist symbol syncing, enabling changes to be synchronized between the mobile app and the client's online account, a feature that TMGM does not offer. Traders interested in technical analysis will appreciate FxPro's extensive library of 65 technical studies compared to TMGM's 30. Both brokers allow users to draw trendlines on charts and view multiple time frames, with the convenient autosave feature for chart drawings.
FxPro and TMGM both allow the creation of watchlists with real-time quotes, catering to traders who need current market information. While both brokers provide useful tools, FxPro secures a slight edge with a higher user rating of 4.5 stars and a prominent ranking of 15th out of 62 brokers on ForexBrokers.com. In comparison, TMGM holds a 4-star rating and is ranked 46th. This suggests that FxPro might be more appealing for traders seeking a rich set of features and reliable performance in mobile trading apps.
| 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
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TMGM
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| 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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0 of 5| Overall Rating | FxPro | TMGM | |
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| Trust Score | 90 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review | TMGM Review |
| Broker Screenshots | FxPro | TMGM | |
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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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