Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
When comparing online brokers Swissquote and TMGM, Swissquote holds a significant edge in terms of trust and regulation. Established in 1996, Swissquote is not only a broker but also operates as a bank and is publicly traded, which enhances its transparency and trustworthiness. With a ForexBrokers.com Trust Score of 99 out of 99, Swissquote is deemed highly trusted. It holds five Tier-1 licenses, which are the most respected in the industry, and one Tier-2 license, marking it as a secure option for traders.
On the other hand, TMGM, founded in 2013, is not publicly traded and does not function as a bank. It garners a respectable ForexBrokers.com Trust Score of 83, positioning it as a trusted broker, but ranked lower compared to Swissquote. TMGM holds two Tier-1 licenses, demonstrating a commitment to high standards in regulation, but lacks any Tier-2 licenses, offering slightly less assurance for investors looking for public accountability and comprehensive regulatory backing.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Year Founded | 1996 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing Swissquote to TMGM, there are noticeable differences in their approach to commissions and fees. Swissquote, a prominent Swiss banking firm, brings the reliability of a major banking conglomerate. However, this comes with a higher price tag, making their trading costs less competitive. Swissquote's U.K. entity offers lower costs compared to its Swiss and Luxembourg branches. The U.K. arm features four account types, with the Elite account standing out for active traders due to lower spreads and a $5 charge per round-turn trade, though it requires a $10,000 deposit. The spreads for its accounts range from as low as 0.6 pips with the Prime account to 1.3 pips with the Standard account. Swissquote's commissions and fees earn a rating of 3.5 stars and rank as #52 out of 62 brokers by ForexBrokers.com.
On the other hand, TMGM provides a more straightforward and cost-effective option for traders. It scores higher for its competitive commission rates, especially with the Edge account that includes low spreads and no requotes. TMGM's Edge account is ideal for those who prefer commission-based trading, with a $3.50 charge per side ($7 per round-trip) alongside favorable spreads. For Islamic finance customers, the Edge account also accommodates Sharia-compliant needs by offering swap-free options, which are not available with the Classic account. TMGM earns a more favorable rating of 4 stars and ranks #35 out of 62 brokers for its commissions and fees by ForexBrokers.com.
Overall, while Swissquote may appeal to those seeking the prestige of a Swiss banking institution, TMGM offers a more enticing option for traders focused on minimizing trading costs. With simpler cost structures and competitive spreads, TMGM edges ahead in terms of affordability and flexibility, making it a preferable choice for many traders.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Minimum Deposit | $1000 | $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 | Yes | No |
| 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 Swissquote to TMGM in terms of available investments, both platforms offer unique advantages tailored to different types of investors. Swissquote impresses with a wide array of investment options, featuring 472 tradeable symbols and an emphasis on accessibility to U.S. and international markets for exchange-traded securities. Investors can purchase stocks like Apple on U.S. exchanges and Vodafone on international exchanges directly through Swissquote. Additionally, Swissquote provides access to both spot and CFD forex trading with 80 tradeable forex pairs, along with direct cryptocurrency purchases and derivatives, making it a versatile choice for diverse investment strategies.
On the other hand, TMGM stands out with an extensive selection of 12,000 tradeable symbols, which is significantly higher than Swissquote's offering. This abundance includes 62 tradeable forex pairs and opportunities to engage in forex trading as CFDs and spot contracts. However, TMGM does not offer direct access to exchange-traded securities on U.S. or international exchanges, nor does it allow the purchase of actual cryptocurrencies, only derivatives. While both platforms support copy trading, Swissquote's broader range of investment options earns it a higher rating of 5 stars in the Range of Investments category, compared to TMGM's 4.5 stars. Accordingly, Swissquote ranks second among 62 brokers in this category, whereas TMGM stands at seventeenth.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 12000 |
| Forex Pairs (Total) | 80 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
Both Swissquote and TMGM provide traders with simulated accounts, enabling a risk-free environment for practice and strategy testing. One of the key differences is that Swissquote offers a proprietary platform developed in-house, while TMGM relies on third-party platforms. Both brokers cater to traders using Windows desktop or web-based platforms, offering a variety of tools such as MetaTrader 4 and MetaTrader 5. Furthermore, they both support copy trading, allowing users to automatically replicate the trades of experienced investors. However, neither Swissquote nor TMGM provides access to DupliTrade or ZuluTrade for social trading.
Swissquote shines with its charting options, offering a substantial 75 drawing tools, greatly surpassing TMGM's 15 tools. This extensive array allows for more detailed technical analysis. Swissquote also provides more customizable watch list fields with 11 compared to TMGM's 7, catering to traders seeking detailed tracking of their chosen instruments. With a rating of 4.5 stars compared to TMGM's 4 stars for trading platforms and tools, Swissquote ranks #11 out of 62 brokers on ForexBrokers.com, substantially higher than TMGM's rank of #48. This indicates a more comprehensive platform experience with Swissquote for traders seeking advanced tools and features.
| Feature |
Swissquote
|
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) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Swissquote and TMGM offer applications for iPhone and Android users, making trading accessible on the go. Each app provides essential features like stock and forex price alerts, and the ability to create watchlists with real-time quotes. Both brokers allow users to perform charting with 30 technical studies and support drawing trendlines on stock or forex charts. Swissquote and TMGM also enable viewing multiple time frames such as daily, weekly, or intraday and ensure that drawings on charts are auto-saved. However, a notable difference is the lack of watchlist symbol syncing in both apps, meaning changes made on mobile or online platforms don’t automatically update across devices.
Despite similar features, Swissquote's mobile app earns a higher user rating of 4.5 stars compared to TMGM's 4 stars. This performance is reflected in their ForexBrokers.com rankings, where Swissquote stands at #10 out of 62 brokers, significantly ahead of TMGM, which is positioned at #46. Ultimately, both apps offer a strong set of tools for mobile trading, though Swissquote receives better ratings and industry rankings, making it a preferred choice for users seeking a more refined application experience.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| 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.
Swissquote and TMGM both deliver daily market commentary and provide Forex news sourced from top-tier platforms like Bloomberg and Reuters. This similar offering showcases their commitment to keeping traders informed with high-quality insights. However, when it comes to expert-level tools, Swissquote provides access to Autochartist, a well-known analysis tool, while TMGM opts for Trading Central for its technical insights and also includes tools from Acuity Trading such as Signal Centre. TMGM further differentiates itself by offering a sentiment-based trading tool that reveals market sentiment on currency pairs, which Swissquote does not provide. Conversely, Swissquote holds an advantage with a higher research rating of 4 stars compared to TMGM’s 3.5 stars.
Both brokers include an economic calendar for tracking key global economic events. Despite offering fewer research tools, Swissquote is positioned higher in the research category according to ForexBrokers.com, standing at rank 16 out of 62 brokers, while TMGM is ranked 53. These rankings reflect Swissquote’s slightly stronger standing in the market research arena over TMGM. Whether prioritizing advanced analytical tools or comprehensive market insights reflects your needs, both Swissquote and TMGM offer numerous resources tailored to support traders in navigating the financial markets effectively.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners between Swissquote and TMGM, Swissquote stands out as the better choice. Swissquote provides a variety of resources, including more than ten articles and videos focused on forex and CFDs, making it easier for newcomers to dive into the world of trading. Additionally, Swissquote regularly holds webinars each month and provides access to a library of recorded webinars, helping users learn at their own pace. For those starting, there are more than ten beginner-focused videos, along with advanced resources for experienced traders. An extensive investor dictionary with over 50 investing terms is also available, aiding new traders in understanding the jargon.
In contrast, TMGM falls short in comparison. While they do have a searchable archive of past webinars and an investor dictionary similar to Swissquote, they lack the same breadth of beginner and advanced educational videos. TMGM does not offer regular monthly webinars or the wide range of articles and videos dedicated to forex and CFDs that Swissquote provides. As a result of these differences, Swissquote receives an education rating of 4 stars, and maintains a respectable ranking at 21 out of 62 brokers according to ForexBrokers.com, while TMGM sits further behind with a 3.5-star rating and a rank of 54. For those just starting in trading, Swissquote offers a more comprehensive educational toolkit.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | 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 Swissquote is better than TMGM. Swissquote finished with an overall rank of #11, while TMGM finished with an overall rank of #37.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
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TMGM
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 83 |
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Swissquote allows users to purchase actual delivered cryptocurrency and also offers cryptocurrency derivatives, whereas TMGM provides the option to trade cryptocurrency derivatives only, without the capability to buy actual delivered cryptocurrency.
When comparing online brokers Swissquote and TMGM, Swissquote stands out by offering more diverse transfer options for deposits and withdrawals, including ACH and SEPA transfers, which TMGM does not provide, while both platforms offer similar access to popular payment methods such as PayPal, Skrill, 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 | Swissquote | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Swissquote Review | TMGM Review |
| Broker Screenshots | Swissquote | TMGM | |
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| Regulation | Swissquote | TMGM | |
|---|---|---|---|
| Trust Score | 99 | 83 | |
| Year Founded | 1996 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | Swissquote | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 12000 | |
| Forex Pairs (Total) | 80 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | 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 | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | TMGM | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Yes | No |
| Trading Platforms | Swissquote | 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 | Swissquote | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | TMGM | |
|---|---|---|---|
| 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 | Swissquote | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | TMGM | |
|---|---|---|---|
| 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 | Swissquote Review | TMGM Review |
| Overall | Swissquote | TMGM | |
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| Trust Score | 99 | 83 | |
| Winner | check_circle | ||
| Review | Swissquote Review | TMGM Review |
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