Written by ForexBrokers.com
In this head to head comparison of TMGM vs GBE brokers, 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 and GBE brokers, both established in 2013, are online trading platforms that are not publicly traded and do not operate as banks. When comparing their trustworthiness based on regulatory licenses, TMGM holds an advantage with two Tier-1 licenses, indicating a level of trust that is highly regarded in the industry. In contrast, GBE brokers possess one Tier-1 license, which is also valued but not as high as TMGM's standing.
Assessing their Trust Score ratings, as evaluated by ForexBrokers.com, TMGM scores an 83, placing it in the 'trusted' category. This suggests that clients can feel reassured with TMGM’s security measures and oversight. On the other hand, GBE brokers receive a score of 71, categorizing it as carrying an 'average risk' according to the same scale. These scores provide a straightforward glimpse into the perceived reliability and customer confidence levels associated with each broker.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| Year Founded | 2013 | 2013 |
| 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 comparing TMGM and GBE brokers in terms of commissions and fees, both brokers earn a 4-star rating, highlighting their competitive nature in this area. TMGM offers a choice between two account types: the spread-only Classic account or the commission-based Edge account. For traders prioritizing lower trading costs, the Edge account might be more appealing due to its low spreads and nominal commission charge of $3.50 per side, which totals $7 for a round trip. Additionally, TMGM provides an Edge account option for Islamic finance customers seeking Sharia-compliance, as swap-free accounts are not offered with the Classic account.
GBE brokers, similar to TMGM, have not published average spread data, which can make it difficult for traders to get an accurate picture of the potential costs involved. While both brokers maintain a 4-star rating for their fee structures, it’s important to note that average spread data transparency can be a deciding factor for many traders. Brokers that publish this data often allow for more informed decisions about trading costs.
In terms of industry rankings, TMGM is positioned slightly higher than GBE brokers, ranked at #36 compared to GBE's #37, out of a total of 62 brokers reviewed by ForexBrokers.com in the Commissions and Fees category. This minor difference suggests that both brokers offer a comparable experience in this aspect, though TMGM's variety of account options may provide an edge for some traders seeking specific account features.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| 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 | 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.
TMGM and GBE Brokers both provide forex trading options via CFDs or spot contracts, making them accessible platforms for currency traders. While TMGM boasts a significantly larger selection of tradeable symbols, with a total of 12,000 compared to GBE Brokers’ 500, GBE Brokers edges ahead in the variety of tradeable forex pairs, offering 71 pairs against TMGM's 62. Neither TMGM nor GBE Brokers allows clients to invest in exchange-traded securities on U.S. or international exchanges, meaning traders looking to invest in stocks like Apple or Vodafone will need to seek alternative platforms.
Both brokers offer copy trading services, catering to those who wish to mimic the trades of experienced investors. Additionally, while neither provides an option to purchase actual cryptocurrencies, both offer cryptocurrency derivatives. In terms of range of investments, TMGM receives a higher rating of 4.5 stars and ranks 17th out of 62 brokers, compared to GBE Brokers’ 3.5-star rating and 44th-place ranking. This distinction highlights TMGM's broader range of available investment options, appealing to a wider array of trading preferences.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 500 |
| Forex Pairs (Total) | 62 | 71 |
| 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 GBE brokers based on their trading platforms and tools, both brokers have features that cater to traders seeking a comprehensive trading experience. TMGM and GBE brokers provide simulated trading with free virtual demo accounts, allowing individuals to practice without risk. While neither broker offers a proprietary platform developed in-house, both support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), popular choices among traders. Additionally, they offer Windows-based desktop platforms and web-based options for convenience. Both brokers support copy trading but neither includes DupliTrade or ZuluTrade in their offerings.
Further tool comparison shows that TMGM and GBE brokers both provide 15 charting drawing tools and allow trading directly from stock charts, making the technical analysis process easier. Watch lists with seven columns help in monitoring assets efficiently. Despite offering similar feature sets, TMGM climbs slightly higher with a rank of #48 in the Trading Platforms and Tools category out of 62 brokers, whereas GBE sits at #57. Both brokers hold an equal rating of four out of five stars in this category, highlighting their balance of offerings. Overall, traders will find reliable and feature-packed platforms with either brokerage.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| 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 | 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.
For those seeking to trade on the go, both TMGM and GBE Brokers offer mobile apps compatible with iPhone and Android devices. These apps include key features like stock and forex price alerts and the ability to draw trendlines on charts. They both provide 30 technical studies for chart analysis and allow viewing of multiple time frames, such as daily or weekly, to assist in making informed trading decisions. However, neither platform supports watchlist syncing across devices.
When it comes to real-time updates, both platforms allow the creation of watchlists with real-time quotes and offer the convenience of auto-saving drawings on charts. TMGM and GBE Brokers each receive a 4-star rating for their mobile trading applications. Despite the similar ratings, TMGM is ranked higher by ForexBrokers.com at #47 compared to GBE Brokers at #57, out of 62 evaluated brokers. This slight edge might just make TMGM the better choice for those putting a premium on platform recognition.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| 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 TMGM and GBE brokers in terms of market research, both platforms provide daily market commentary, keeping their clients informed on market movements. However, TMGM stands out by offering forex news from esteemed sources like Bloomberg, Reuters, and Dow Jones, while GBE brokers do not provide such insights. When it comes to advanced research tools, neither broker features Autochartist resources, but TMGM offers Trading Central tools for technical analysis, unlike GBE brokers. Additionally, both brokers provide sentiment-based trading tools to gauge market positions, yet TMGM goes a step further by including tools from Acuity Trading, enhancing their clientele’s research capabilities.
The economic calendar feature is available with both TMGM and GBE brokers, ensuring traders are updated on global economic events. TMGM, with its broader array of research tools and sources, earns a rating of 3.5 stars for research, whereas GBE brokers lag slightly with a 3-star rating. This difference is further emphasized in their rankings, where TMGM is positioned at #53 out of 62 brokers according to ForexBrokers.com, while GBE brokers are ranked at #61, reflecting TMGM's superior research offerings.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| 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 | 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 in the trading world, both TMGM and GBE brokers have room for improvement. Neither provides a substantial amount of educational content focused on forex or CFDs, falling short of offering a minimum of ten pieces like articles or videos on these subjects. Additionally, neither broker offers monthly live educational webinars or a collection of beginner-focused videos to help new traders grasp the fundamentals. However, TMGM does offer an edge over GBE brokers by maintaining a searchable archive of previously recorded webinars, potentially serving as a useful repository for learners.
Furthermore, TMGM provides an investor dictionary featuring over 50 investing term definitions, a resource that GBE brokers lack altogether. Consequently, when evaluated for educational offerings, TMGM receives a slightly higher rating of 3.5 stars compared to GBE brokers' 3-star rating. In a broader comparison of 62 brokers by ForexBrokers.com, TMGM is ranked 54th while GBE brokers find themselves at the bottom of the list, ranked 62nd for educational resources. This analysis underscores that both brokers need to enhance their educational support to assist beginner traders more effectively.
| Feature |
TMGM
|
GBE brokers
|
|---|---|---|
| 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 | 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 GBE brokers. TMGM finished with an overall rank of #37, while GBE brokers finished with an overall rank of #56.
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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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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Both TMGM and GBE Brokers do not offer the ability to purchase actual (delivered) cryptocurrency, but they both provide the option to buy cryptocurrency derivatives.
While both TMGM and GBE Brokers provide options such as PayPal, Skrill, Visa, Mastercard, and bank wires for depositing and withdrawing account funds, only GBE Brokers additionally offers ACH or SEPA transfers, underscoring a slight edge in transfer flexibility.
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 | GBE brokers | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | GBE brokers | |
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| Regulation | TMGM | GBE brokers | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2013 | 2013 | |
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 500 | |
| Forex Pairs (Total) | 62 | 71 | |
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| 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 | No | Yes |
| Trading Platforms | TMGM | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | GBE brokers | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | TMGM | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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