Written by ForexBrokers.com
In this head to head comparison of TMGM vs RoboForex, 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 broker firms TMGM and RoboForex, one good starting point is their regulatory standings. TMGM was founded in 2013 and holds two Tier-1 licenses, which are highly regarded by ForexBrokers.com. It has a Trust Score of 83, placing it in the "trusted" category. In contrast, RoboForex, founded in 2009, holds one Tier-1 license and carries a Trust Score of 73, marking it as an "average risk" broker. Both firms are privately owned and not publicly traded on any stock exchange. Also, neither TMGM nor RoboForex operates as a bank.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| Year Founded | 2013 | 2009 |
| 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 | 2 |
When comparing TMGM and RoboForex in terms of commissions and fees, TMGM stands out for its competitive offerings, particularly through its Edge account. TMGM provides a commission-based trading experience with low spreads, charging $3.50 per side, which totals to $7 per round trip. This makes the Edge account particularly attractive for cost-conscious traders. Although recent average spread data for the EUR/USD pair wasn't available, choosing the right account is crucial. TMGM offers two account types: the Edge account and the spread-only Classic account. For Islamic finance customers, the Edge account is the preferable choice due to its compliance with Sharia law. TMGM scores 4 out of 5 stars and is ranked 36th out of 62 brokers for commissions and fees by ForexBrokers.com.
In contrast, RoboForex's Procent and Pro accounts come with average spreads of 1.3 pips for EUR/USD, which are considered on the higher side. Although this might be a viable option for some traders, it lacks the allure of TMGM's lower-cost structure. With its current fee system, RoboForex has achieved a rating of 3.5 out of 5 stars for commissions and fees. In ForexBrokers.com’s ranking, RoboForex occupies the 54th position among 62 brokers.
Overall, while both brokers have their unique strengths, TMGM’s transparent and relatively lower commission structure makes it an appealing choice for traders keen on minimizing costs. Meanwhile, RoboForex, with its higher spreads, might be suited for those who prioritize other aspects of trading over commissions and fees.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| 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.
When comparing TMGM and RoboForex for their range of investments, both brokers offer forex trading through CFDs. TMGM significantly extends its offerings with 12,000 tradeable symbols and 62 forex pairs, compared to RoboForex's 8,400 tradeable symbols and 28 forex pairs. Although neither platform provides the option to purchase exchange-traded securities on U.S. or international exchanges, they both support the trading of cryptocurrency derivatives without offering the option to buy actual cryptocurrencies.
Copy trading is available on both TMGM and RoboForex, appealing to investors looking to mirror the strategies of successful traders. With a 4.5-star rating for the range of investments and ranking 17th out of 62 brokers by ForexBrokers.com, TMGM slightly edges out RoboForex, which holds the same star rating but is ranked 20th. Both platforms offer a comprehensive suite of trading instruments, with TMGM presenting a marginally broader selection for those seeking diverse investment opportunities.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 8400 |
| Forex Pairs (Total) | 62 | 28 |
| 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 of TMGM and RoboForex, both offer similar features that cater to the needs of traders. They each provide the essential MetaTrader 4 and MetaTrader 5 platforms, allowing for comprehensive trading experience. Additionally, both brokers support simulated trading with free virtual demo accounts, which is a great advantage for beginners to practice without financial risk. They also include Windows-based desktop platforms and web-based platforms, offering flexibility in how traders can access their accounts. Copy trading features are available with both brokers, giving users the chance to replicate the trades of experienced investors. However, neither TMGM nor RoboForex has their own proprietary platform, DupliTrade or ZuluTrade, which might be a consideration for traders looking for in-house developed tools or specific social trading services.
Both TMGM and RoboForex deliver the ability to trade directly from stock charts and provide an equal number of fifteen drawing tools for in-depth chart analysis. The similarity continues with seven customizable columns available for watch lists on both platforms. Despite these offerings, each broker is rated four stars out of five for their trading platforms and tools. In terms of rankings by ForexBrokers.com, RoboForex is slightly ahead at rank #43, compared to TMGM’s #48 spot, out of 62 brokers. This suggests while they are closely matched in features, there are subtle differences in user satisfaction or platform performance that might appeal differently to individual traders.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| 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.
Both TMGM and RoboForex provide traders with mobile applications compatible with iPhone and Android devices, which are invaluable tools for on-the-go trading. Each app allows users to set up stock or forex price alerts, making it easier to keep track of market movements. While both platforms support viewing multiple time frames on charts and enable drawing trendlines, TMGM and RoboForex also match each other with the same offering of 30 technical studies within their apps. Furthermore, any drawings made on these charts are automatically saved, providing a seamless experience for technical analysis enthusiasts.
Despite the convenience of creating watchlists with real-time quotes on both platforms, neither TMGM nor RoboForex provides watchlist symbol syncing across the mobile app and online account, which may be a consideration for investors who prefer synchronized updates. In terms of user satisfaction, both apps receive a solid 4-star rating from users. However, when ranked by ForexBrokers.com across 62 brokers, RoboForex places slightly higher at #43 in the Mobile Trading Apps category compared to TMGM at #47. This slight edge might appeal to some traders in search of a mobile trading app.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| 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 the market research offerings of TMGM and RoboForex, both online brokers provide daily market commentary and forex news from esteemed sources such as Bloomberg, Reuters, and Dow Jones. They equally deliver economic calendars to keep traders updated on global events and support their trading decisions with Trading Central tools like Technical Analytics. However, TMGM takes an edge by providing sentiment-based trading tools that help traders understand market biases through the ratio of long and short positions across various currency pairs, a feature not available at RoboForex. Also, both brokers include research tools from Acuity Trading's Signal Centre but lack offerings from TipRanks or Autochartist.
Though both TMGM and RoboForex receive a 3.5-star rating for their research offerings, RoboForex holds a higher ranking at #37 compared to TMGM's #53 out of 62 brokers surveyed by ForexBrokers.com. This ranking may influence traders who prioritize standing and comprehensive research tools when choosing between the two platforms. Overall, both brokers present strong features but cater to slightly different needs depending on a trader's preference for sentiment analysis tools, where TMGM might have a slight advantage.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| 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 | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for forex and CFD trading beginners, both TMGM and RoboForex have areas where they need to improve. Neither TMGM nor RoboForex provide a comprehensive set of at least 10 educational pieces such as articles, videos, or webinars focused on forex or CFDs. Additionally, both brokers lack regular monthly webinars dedicated to client education. However, TMGM does offer a searchable archive of previously recorded client webinars, which is not available with RoboForex.
In terms of accessibility for those new to trading, TMGM stands out by offering a robust investor dictionary with definitions for over 50 investing terms, a feature that RoboForex does not provide. Both platforms fall short of supplying beginner and advanced educational videos tailored specifically for traders at different levels of expertise. With equal education ratings of 3.5 stars, TMGM ranks slightly higher than RoboForex, coming in at #54 compared to #56 among 62 brokers in the ForexBrokers.com rankings.
| Feature |
TMGM
|
RoboForex
|
|---|---|---|
| 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 RoboForex. TMGM finished with an overall rank of #37, while RoboForex finished with an overall rank of #46.
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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RoboForex
|
|---|---|---|
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| Trust Score | 83 | 73 |
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Both TMGM and RoboForex do not offer the option to buy actual delivered cryptocurrencies but provide the ability to trade cryptocurrency derivatives, allowing investors to engage in cryptocurrency markets without owning the actual assets.
When comparing online brokers TMGM and RoboForex in terms of deposit and withdrawal options, TMGM offers PayPal, Skrill, Visa, Mastercard, and bank wire services, but lacks ACH or SEPA transfers, while RoboForex provides the same payment methods, including PayPal, Skrill, Visa, Mastercard, bank wire, and additionally supports 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 | TMGM | RoboForex | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review | RoboForex Review |
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| Regulation | TMGM | RoboForex | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2013 | 2009 | |
| 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 | 2 |
| Tier-1 Licenses (Highly Trusted) | TMGM | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 8400 | |
| Forex Pairs (Total) | 62 | 28 | |
| 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | RoboForex | |
|---|---|---|---|
| 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 | No | Yes |
| Trading Platforms | TMGM | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | TMGM | RoboForex | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review | RoboForex Review |
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