Written by ForexBrokers.com
In this head to head comparison of Markets.com 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.
Markets.com, established in 1999, boasts a high level of trust, reflected in its ForexBrokers.com Trust Score of 93 out of 99. It holds three Tier-1 licenses, a signifier of high trust, and one Tier-2 license, which is considered trusted. Despite not being publicly traded or a bank, these credentials highlight Markets.com's regulatory strength and focus on providing a secure trading environment.
Founded in 2013, TMGM holds a ForexBrokers.com Trust Score of 83 out of 99, indicating it is a trusted platform. TMGM is backed by two Tier-1 licenses, underscoring its commitment to regulatory compliance, though it lacks Tier-2 licenses. Although neither publicly traded nor a bank, TMGM ensures reliability through its solid regulatory groundwork, making it a trusted choice for online trading.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Year Founded | 1999 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to commissions and fees, Markets.com is a viable option, although there is limited information on average spreads. With a rating of 3.5 stars, Markets.com is ranked #49 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com. Traders utilizing this platform may find the overall fee structure to be satisfactory, but a lack of detailed spread data makes it challenging to fully assess the trading costs.
Conversely, TMGM stands out with a more competitive fee structure, particularly for those opting for its Edge account. This account type offers low spreads and charges a modest commission of $3.50 per side, totaling $7 per round trip. TMGM is rated 4 stars and ranks #36 out of 62 brokers for its favorable commission rates and fee transparency. However, like Markets.com, TMGM does not provide current average spread data for the EUR/USD pair, making it important for potential users to consider this limitation.
For those requiring Islamic finance options, TMGM's Edge account is the only available choice for Sharia-compliant accounts, as it is swap-free. Both Markets.com and TMGM offer unique advantages based on individual trading needs, but TMGM holds a slight edge in terms of overall affordability and customer ranking in the fees category.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| 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 | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
When comparing Markets.com and TMGM for their range of investment offerings, both provide access to forex trading via CFDs or spot contracts. However, the two platforms show differences in the number of available tradeable symbols and forex pairs. Markets.com offers 2,179 tradeable symbols, while TMGM provides a significantly larger range with 12,000 symbols. In terms of forex pairs, Markets.com comes with 57 options, whereas TMGM slightly edges out with 62 pairs. Neither platform supports the purchase of exchange-traded securities on U.S. or international exchanges, nor do they offer the ability to buy actual cryptocurrencies directly.
Both Markets.com and TMGM include copy trading and the ability to buy cryptocurrency derivatives, not the actual cryptocurrencies themselves. When it comes to ratings, Markets.com holds a 4-star review for its range of investments, ranking 29th out of 62 brokers on ForexBrokers.com. On the other hand, TMGM is rated 4.5 stars, placing it higher at 17th in the same category. This highlights TMGM's broader selection of tradeable assets, making it potentially more appealing for investors seeking a variety of options.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 12000 |
| Forex Pairs (Total) | 57 | 62 |
| 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 the trading platforms and tools offered by Markets.com and TMGM, both brokers provide a strong foundation for online trading with various options that cater to different trader preferences. Markets.com and TMGM each offer free virtual demo accounts, allowing traders to practice without financial risk. While both brokers support popular platforms like MetaTrader 4 and MetaTrader 5 and feature web-based as well as Windows desktop platforms, Markets.com stands out with a proprietary trading platform developed in-house. Both brokers also support copy trading, adding another layer of versatility for traders seeking automated or strategy-based trading solutions.
Despite certain similarities, there are key differences in charting and customization features between Markets.com and TMGM. TMGM provides more drawing tools with greater flexibility, offering 15 options compared to Markets.com's 4, and enables trading directly from a stock chart, where Markets.com does not. Additionally, TMGM's watchlists have more columns available for customization—seven compared to Markets.com's six. Despite these differences, both brokers receive a satisfactory rating of four stars for their trading platforms and tools. However, Markets.com holds a higher rank, positioned at #27 compared to TMGM's #48 out of 62 brokers, according to ForexBrokers.com.
| Feature |
Markets.com
|
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) | 89 | 30 |
| Charting - Drawing Tools (Total) | 4 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Markets.com and TMGM both offer strong mobile trading options for iPhone and Android users, including stock and forex price alerts, and the capacity to create watchlists with real-time quotes. However, Markets.com provides the added benefit of watchlist symbol syncing, ensuring a seamless experience between its mobile app and online account. In contrast, TMGM does not support this feature but compensates with an impressive offering of 30 technical studies for charting, which is lacking in the Markets.com app.
Both trading apps allow users to draw trendlines on charts, but only TMGM enables viewing charts across multiple timeframes—a key feature for active traders. Additionally, TMGM's app automatically saves chart drawings, unlike Markets.com. While both apps receive a 4-star rating for mobile trading experience, it's noteworthy that Markets.com ranks higher at #33 compared to TMGM's #47 ranking in the Mobile Trading Apps category by ForexBrokers.com. This suggests a slightly better user experience with Markets.com overall, despite TMGM's strong charting capabilities.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | (default on MT4, none on Markets app) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings, both Markets.com and TMGM deliver daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders are well-informed. However, differences arise in tools available for analysis and sentiment tracking. While neither broker provides tools from Autochartist, TMGM stands out by offering Trading Central's resources, giving it an edge in technical analysis capabilities. Both brokers offer sentiment-based trading tools to give insights into market positions, but TMGM leverages additional research tools from Acuity Trading, further enhancing its research portfolio.
Despite TMGM’s broader scope of research tools like those from Acuity Trading and Trading Central, Markets.com achieves a higher research rating overall, with 4 stars compared to TMGM's 3.5 stars. This is reflected in their rankings by ForexBrokers.com, where Markets.com is positioned at #17 out of 62 brokers for research, significantly ahead of TMGM, which ranks at #53. Both platforms provide economic calendars for tracking global news events, ensuring users can stay on top of market-moving developments.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 it comes to educational resources tailored for beginners, Markets.com and TMGM each offer distinct features that cater to novice traders. Markets.com stands out by hosting online educational webinars every month, helping new traders gain insights through interactive learning sessions. While they excel in real-time educational content, they lack a searchable archive for past webinars. However, Markets.com compensates with an extensive library of over 10 beginner educational videos and advanced trading topics, making it easier for both new and experienced traders to enhance their skills. Despite not offering a comprehensive investor dictionary, Markets.com's robust educational offerings secure a good rating of 4 stars out of 5.
In contrast, TMGM provides a different approach to education. Although they don't host monthly webinars or have a wide array of videos for beginners and experienced traders, they do offer a searchable archive of recorded webinars. This can be a handy resource for learners preferring to revisit past lessons at their own pace. Additionally, TMGM includes an investor dictionary containing over 50 investing terms, which is beneficial for those starting to familiarize themselves with industry terminology. Despite these offerings, TMGM's educational resources earn a slightly lower rating of 3.5 stars. According to ForexBrokers.com, Markets.com ranks higher at #34 out of 62 brokers for education, while TMGM sits at #54, indicating Markets.com's superior edge in providing educational support.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Markets.com is better than TMGM. Markets.com finished with an overall rank of #23, while TMGM finished with an overall rank of #37.
Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.
| Feature |
Markets.com
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 83 |
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When comparing online brokers Markets.com and TMGM, neither offers the ability to buy actual delivered cryptocurrency, but both provide the option to trade cryptocurrency derivatives.
While both Markets.com and TMGM provide options for depositing or withdrawing funds via Skrill, Visa or Mastercard, and bank wires, TMGM distinguishes itself by offering PayPal as an additional payment method, whereas neither broker supports 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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2 of 5| Overall Rating | Markets.com | TMGM | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | Markets.com | TMGM | |
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| Regulation | Markets.com | TMGM | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 1999 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | 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) | Markets.com | 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 | Markets.com | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 12000 | |
| Forex Pairs (Total) | 57 | 62 | |
| 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 | Markets.com | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Markets.com | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | Markets.com | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Markets.com | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 4 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | 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 | (default on MT4, none on Markets app) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Markets.com | TMGM | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | No | Yes | |
| AUD/USD | Yes | Yes | |
| Review | TMGM Review |
| Overall | Markets.com | TMGM | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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