Written by ForexBrokers.com
In this head to head comparison of TMGM vs Spreadex, 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 TMGM and Spreadex, it's important to consider their trust ratings and regulatory credentials. TMGM, established in 2013, holds two Tier-1 licenses, which are highly trusted according to ForexBrokers.com’s rating system. With a Trust Score of 83 out of 99, TMGM is categorized as a trusted broker. Spreadex, founded earlier in 1999, has one Tier-1 license. Its Trust Score sits at 71, placing it in the average risk category.
Both TMGM and Spreadex are privately held companies that are not publicly traded on the stock exchange, nor do they operate as banks. These factors underscore the importance of their regulatory ratings for prospective clients. For those prioritizing trust and regulatory compliance, TMGM appears to have a slight edge over Spreadex, thanks to its higher Trust Score and additional Tier-1 license.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Year Founded | 2013 | 1999 |
| 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 | 0 |
When comparing the commissions and fees of TMGM and Spreadex, both brokers offer competitive options that suit different trading preferences. TMGM provides two account types: the spread-only Classic account and the commission-based Edge account. The Edge account is particularly appealing for those prioritizing low costs, with a modest commission of $3.50 per side, totaling $7 per round trip, along with low spreads. However, TMGM has not provided recent average spread data for the EUR/USD pair, an important factor many traders consider when evaluating trading costs. Additionally, for traders needing interest-free accounts, TMGM offers a Sharia-compliant option via the Edge account.
Spreadex, on the other hand, displayed an average spread of 0.81 pips for the EUR/USD in January 2024, with a minimum spread of 0.6 pips 60% of the time, providing a transparent cost structure. This makes Spreadex an attractive option for traders aiming for predictability in their trading expenses. The clear disclosure of average spreads is a strong point for Spreadex, allowing for a comprehensive assessment of trading costs.
Both brokers achieve a solid 4-star rating for their commissions and fees. According to ForexBrokers.com rankings, Spreadex holds a slightly better position, ranked at #30 out of 62 brokers, while TMGM is positioned at #35. This ranking reflects Spreadex's edge in terms of cost transparency and competitive spreads.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| 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 TMGM and Spreadex for their available range of investments, both brokers offer the opportunity to trade forex as a CFD. TMGM stands out with a broader selection, providing access to 12,000 tradeable symbols and 62 forex pairs, whereas Spreadex offers 10,000 tradeable symbols and 52 forex pairs. However, neither broker allows trading of actual securities on U.S. or international exchanges, such as buying Apple or Vodafone shares directly, and neither allows clients to purchase actual delivered cryptocurrency, though both support trading in cryptocurrency derivatives.
In terms of additional features, TMGM supports copy trading, which can attract investors looking for automated strategies. Despite these advantages, Spreadex edges out TMGM with a slightly higher rating of 5 stars for their range of investments, compared to TMGM's 4.5 stars. According to ForexBrokers.com, Spreadex ranks 13th among 62 brokers in the range of investments category, while TMGM is positioned at 17th place. This makes Spreadex a strong contender for investors prioritizing range and variety in their trading options.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 10000 |
| Forex Pairs (Total) | 62 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 with Spreadex on trading platforms and tools, both offer a free virtual demo account, allowing users to test strategies risk-free. TMGM utilizes popular platforms like MetaTrader 4 and 5, in addition to offering a desktop download for Windows users, whereas Spreadex does not support MT4, MT5, or a downloadable platform but does provide its own proprietary web-based platform. While both brokers support browser-based trading, TMGM also allows traders to engage in copy trading, a feature that Spreadex lacks. This makes TMGM a favorable choice for users interested in advanced and flexible trading options with popular platforms.
Charting and customization options reveal that both TMGM and Spreadex receive a four-star rating for their platforms and tools, yet they differ in specifics. TMGM offers 15 drawing tools for in-depth chart analysis and allows trades directly from stock charts, similar to Spreadex. However, Spreadex slightly edges out with eight fields for watchlists compared to TMGM's seven, offering more customizability for traders who track diverse market data. Despite these differences, both brokers are ranked relatively closely by ForexBrokers.com, with TMGM at #48 and Spreadex at #46 out of 62 brokers, highlighting their comparably solid offerings in trading platforms and tools.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both TMGM and Spreadex offer mobile trading apps that are compatible with both iPhone and Android devices. They also provide essential features like stock and forex price alerts as well as the ability to draw trendlines on charts. However, neither broker allows for watchlist symbol syncing, which means changes made in the mobile app won't automatically sync with your online account. TMGM stands out by offering 30 technical studies for chart analysis, a feature not specified for Spreadex. Additionally, TMGM's app auto-saves chart drawings, a function not available with Spreadex.
When it comes to viewing multiple time frames on charts, both TMGM and Spreadex provide this capability, alongside the option to create watchlists with real-time quotes. Though both brokers are rated 4 stars for their mobile apps, they differ slightly in rankings, with TMGM positioned at #46 and Spreadex at #49 in the Mobile Trading Apps category by ForexBrokers.com. Whether you prioritize technical charting tools or auto-save features might influence which app is better suited to your trading style.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
In the realm of online trading, both TMGM and Spreadex offer valuable market commentaries and news updates from reputable sources like Bloomberg and Reuters, helping traders stay on top of market trends. However, the comparison in technical and research tools reveals differences between the two brokers. TMGM equips users with Trading Central's resources and provides a sentiment-based trading tool that indicates long or short positions alongside research tools from Acuity Trading, but lacks integration with Autochartist. On the flip side, Spreadex shines with Autochartist support, though it does not offer Trading Central resources or Acuity Trading tools. Both brokers supply an economic calendar to track global events, catering to the informational needs of their trading communities.
When evaluated on their research offerings, Spreadex outpaces TMGM with a 4-star rating, towering above TMGM's 3.5 stars, reflecting comprehensive service to a broader array of trading preferences. Meanwhile, in the ForexBrokers.com rankings within the research category, Spreadex secures a respectable 31st place out of 62 brokers, while TMGM finds itself further down the list at 53rd. This data suggests that although both brokers are commendable for their market insights, Spreadex might offer a slightly more varied toolkit for those keen on technical analysis and detailed research.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 comparing the educational offerings for beginners between TMGM and Spreadex, it's clear that Spreadex provides a wider range of resources. Spreadex supplies more than 10 pieces of educational content, focusing on forex and CFDs, while TMGM lacks this extensive collection. Additionally, Spreadex boasts over 10 beginner-focused educational videos, enhancing their appeal to new traders. TMGM, however, falls short in this area. Both brokers provide an investor dictionary with over 50 investing terms, helping to demystify financial jargon for newcomers.
Although neither broker hosts monthly online educational webinars, TMGM offers an advantage with a searchable archive of client webinars, a feature Spreadex does not provide. In terms of rankings and ratings, Spreadex slightly outperforms TMGM, scoring 4 stars compared to TMGM's 3.5 stars in educational quality. Moreover, Spreadex is ranked #45 out of 62 brokers by ForexBrokers.com in the Education category, whereas TMGM is positioned at #54. This makes Spreadex a stronger contender for beginners seeking comprehensive educational support.
| Feature |
TMGM
|
Spreadex
|
|---|---|---|
| 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 | 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 TMGM is better than Spreadex. TMGM finished with an overall rank of #37, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
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| Trust Score | 83 | 71 |
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Both TMGM and Spreadex do not offer the ability to purchase actual (delivered) cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing the online brokers TMGM and Spreadex, both do not support ACH or SEPA transfers for account transactions; however, TMGM offers more diverse funding options by supporting PayPal and Skrill, in addition to Visa, Mastercard, and bank wires, while Spreadex supports only Visa, Mastercard, and bank wires.
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 | Spreadex | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review | Spreadex Review |
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| Regulation | TMGM | Spreadex | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2013 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | TMGM | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| 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 | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 10000 | |
| Forex Pairs (Total) | 62 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| 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 | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | TMGM | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Spreadex | |
|---|---|---|---|
| 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 | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | TMGM | Spreadex | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review | TMGM Review | Spreadex Review |
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