Written by ForexBrokers.com
In this head to head comparison of TMGM vs IFC Markets, 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, established in 2013, is an online broker that enjoys a Trust Score of 83 out of 99 on ForexBrokers.com, indicating its trusted status. Not publicly traded or a bank, TMGM distinguishes itself by holding two Tier-1 licenses, classifying it as highly trusted. In comparison, IFC Markets, founded in 2006, shares the same private company and non-bank status but holds no Tier-1 licenses. Its Trust Score is 73, categorizing it as average risk according to ForexBrokers.com ratings.
IFC Markets holds one Tier-2 license, suggesting a level of trust worth noting, yet falling short of the higher trust levels associated with Tier-1 licenses. While neither TMGM nor IFC Markets are part of a stock exchange or serve as banks, their regulatory credentials differ significantly. TMGM’s tiered licensing positions it as more reliable for cautious investors, whereas IFC Markets offers a more moderate level of trust.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Year Founded | 2013 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing TMGM and IFC Markets based on commissions and fees, TMGM offers competitive terms with specific advantages for traders seeking straightforward cost structures. For those opting for the TMGM Edge account, a small commission of $3.50 per side is charged alongside low spreads, making it an attractive choice for traders focused on minimizing trading costs. While TMGM doesn't currently offer average spread data for popular currency pairs like EUR/USD, it still provides a cost-effective trading experience for many users. Islamic finance customers also find TMGM accommodating, as Sharia-compliant accounts are available through the Edge account.
On the other hand, IFC Markets lacks transparency in providing average spread data, which can make it challenging for traders to get a clear picture of potential trading costs. This absence contrasts with TMGM, where clear commission costs can help traders better anticipate their expenses. Without this information, traders might find it harder to evaluate IFC Markets against its competitors accurately.
Both TMGM and IFC Markets receive a rating of 4 out of 5 stars in terms of their commissions and fees. However, their ranking among peers tells a slightly different story. TMGM is placed at #36 out of 62 brokers by ForexBrokers.com, indicating a stronger position compared to IFC Markets, which holds the #39 spot. This slight edge for TMGM might be attributable to its more transparent fee structure and additional offerings for Islamic finance customers.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $100 | $1 |
| Average Spread EUR/USD - Standard | N/A | 1.44 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| 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 the range of investment options between TMGM and IFC Markets, both offer forex trading via CFDs, but TMGM provides an impressive 12,000 tradeable symbols compared to IFC Markets' 630. In terms of forex pairs, TMGM offers 62 pairs while IFC Markets has 49. Neither broker allows clients to trade exchange-traded securities on U.S. exchanges like Apple shares. However, IFC Markets does provide access to international exchanges, enabling the purchase of shares such as Vodafone, which TMGM does not offer.
Both brokers support copy trading and offer cryptocurrency derivatives, although neither allows for the purchase of actual cryptocurrencies. TMGM stands out in the Range of Investments category, securing a 4.5-star rating and ranking 17th among 62 brokers by ForexBrokers.com. In contrast, IFC Markets is rated 3.5 stars and ranks 43rd. This distinction highlights TMGM's broader spectrum of tradable options and its higher standing in investment range assessments.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 630 |
| Forex Pairs (Total) | 62 | 49 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When it comes to trading platforms and tools, both TMGM and IFC Markets offer a solid range of features suitable for traders of all levels. Both brokers provide free virtual demo accounts, allowing users to practice trading without risking real money. They each support MetaTrader 4 and MetaTrader 5, popular platforms known for their comprehensive trading capabilities. While TMGM does not offer a proprietary platform, IFC Markets provides one, offering unique features tailored to their users. Both brokers also support Windows-based desktop applications and web-based platforms, ensuring compatibility across devices.
For those interested in copy trading, both TMGM and IFC Markets have this feature. Although neither broker supports DupliTrade or ZuluTrade, they enable trading directly from stock charts and offer the same number of charting drawing tools. TMGM and IFC Markets provide seven columns for watch lists, which can assist traders in organizing their market data efficiently. Rated four stars for their trading platforms and tools, IFC Markets holds a slightly better ranking (#36) compared to TMGM (#48) out of 62 brokers assessed by ForexBrokers.com. This implies a similar overall experience but with IFC Markets having a minor edge in platform offerings.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| 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.
TMGM and IFC Markets both offer solid mobile trading apps for iPhone and Android users, ensuring a seamless trading experience on the go. Both platforms support essential features like stock and forex price alerts, and the ability to draw trendlines and view multiple time frames on charts. Additionally, both apps provide traders with the same number of technical studies for charting, numbering 30 in total. Users can also enjoy the convenience of auto-saving drawings and creating watchlists with real-time quotes, enhancing their mobile trading setups.
Despite the similarities, there are notable differences. IFC Markets offers watchlist symbol syncing, allowing changes made on mobile devices to reflect on the online account, while TMGM lacks this feature. When it comes to rankings, TMGM has a slight edge, holding the 47th position in mobile trading among 62 brokers on ForexBrokers.com, compared to IFC Markets' 52nd place. However, in terms of mobile app ratings, both services are equally favored, each earning a 4 out of 5 stars from users. Ultimately, both apps provide a comprehensive set of tools for traders, but the choice hinges on specific needs like watchlist syncing capabilities.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| 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 TMGM and IFC Markets for market research, both platforms present daily market commentary and provide economic calendars to keep traders well-informed. TMGM stands out by offering forex news from renowned sources like Bloomberg and Reuters, while IFC Markets lacks this feature. Furthermore, TMGM includes technical analysis tools from Trading Central and research tools from Acuity Trading, which are absent in the services provided by IFC Markets. However, both brokers provide sentiment-based trading tools to help traders understand market positions across various instruments, adding a layer of depth to the user's decision-making process.
Despite these differences, both TMGM and IFC Markets receive a 3.5-star rating for their research capabilities. However, when it comes to their ranking in the research category, based on evaluations by ForexBrokers.com, IFC Markets earns a better position, ranking #40 out of 62 brokers, compared to TMGM's rank of #53. This suggests that while TMGM offers more diverse research tools, IFC Markets may satisfy different aspects that certain traders find valuable in their market research process.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| 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 providing educational resources for beginners, TMGM and IFC Markets present some differences worth considering. TMGM does not provide a significant range of forex or CFDs educational content, such as articles and videos, while IFC Markets exceeds the minimum threshold with a variety of over 10 educational pieces. Both brokers do not offer online educational webinars on a monthly basis, but TMGM provides the benefit of a searchable archive of previously recorded webinars, whereas IFC Markets does not.
For beginners seeking straightforward educational videos, IFC Markets has a more extensive collection, offering at least 10 introductory videos tailored for newcomers, whereas TMGM falls short in this area. Moreover, IFC Markets also caters to advanced traders with a series of specialized educational videos, which TMGM does not match. Despite these differences, both platforms offer an investor dictionary featuring over 50 investing terms. In terms of education quality, both TMGM and IFC Markets earned a 3.5-star rating. However, IFC Markets ranks higher by ForexBrokers.com, positioned at #30 out of 62 brokers compared to TMGM's #54 ranking.
| Feature |
TMGM
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 IFC Markets. TMGM finished with an overall rank of #37, while IFC Markets finished with an overall rank of #45.
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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IFC Markets
|
|---|---|---|
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| Trust Score | 83 | 73 |
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Both TMGM and IFC Markets do not offer the ability to buy actual delivered cryptocurrency, but they both provide the option to purchase cryptocurrency derivatives instead.
When comparing the online brokers TMGM and IFC Markets, both lack ACH or SEPA transfer options for transactions, but TMGM provides more diverse funding options, including PayPal and Skrill, alongside Visa, Mastercard, and bank wires, whereas IFC Markets supports Visa, Mastercard, and bank wires, yet excludes PayPal and Skrill.
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 | IFC Markets | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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| Regulation | TMGM | IFC Markets | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2013 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | IFC Markets | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | TMGM | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 630 | |
| Forex Pairs (Total) | 62 | 49 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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). |
| Cost | TMGM | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.44 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $1 | |
| 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 | No |
| Trading Platforms | TMGM | IFC Markets | |
|---|---|---|---|
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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