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.
Founded in 1996, Swissquote stands out for its strong regulatory credentials, which include five top-tier licenses and two additional trusted licenses. As a publicly traded bank, Swissquote showcases its commitment to transparency and security, securing the highest possible Trust Score of 99 from ForexBrokers.com, placing it among the most trusted brokers in the industry. This high level of trust is reinforced by its broader regulatory oversight and long-standing presence in the financial market.
In contrast, TMGM, which was founded in 2013, holds two top-tier licenses but does not share the same banking or public trading status as Swissquote. Without Tier-2 licenses, TMGM retains a solid Trust Score of 83, indicating it is still a trustworthy choice. While they boast a shorter track record and fewer licenses, TMGM continues to offer competitive services without the backing of bank status or public trading that some investors might prefer for added assurance.
| Feature |
Swissquote
|
TMGM
|
|---|---|---|
| Year Founded | 1996 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Swissquote, a reputable Swiss banking conglomerate, is known for its reliable name, but its trading costs aren't the most competitive in the market. Depending on the location—U.K., Luxembourg, or Switzerland—the fees and commission structures vary. For instance, the U.K. Swissquote Ltd offers the Elite account with a commission of $5 per round-turn trade, which is best suited for active traders with a minimum deposit of $10,000. In Luxembourg, spreads start at 0.8 pips for Prime account holders and go up to 1.5 pips for the Standard account. The Swiss branch presents an even broader range of deposit requirements and spreads, with the Prime account offering spreads beginning at 1.1 pips with a notable $50,000 deposit requirement. Overall, Swissquote's commission and fee structure receives a rating of 3.5 out of 5 stars and is ranked 52nd out of 62 brokers by ForexBrokers.com.
On the other hand, TMGM stands out for its competitive pricing, particularly through its Edge account, which charges a minimal commission of $3.50 per side, or $7 per round trip. Although the specific average spread data for EUR/USD isn't available, the low spreads and lack of requotes make TMGM an appealing choice. Furthermore, TMGM accommodates Islamic finance customers by offering Sharia-compliant options via its Edge account. With a commission and fee rating of 4 out of 5 stars, TMGM is ranked 36th among 62 brokers according to ForexBrokers.com, highlighting its more favorable cost structure compared to Swissquote.
| 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.
When comparing the trading platforms and tools of Swissquote and TMGM, both brokers offer a strong suite of options to cater to traders' needs. Swissquote and TMGM both provide simulated trading through free virtual demo accounts, allowing users to practice without financial risk. They each support the commonly used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as web-based and Windows-based desktop trading platforms. However, Swissquote sets itself apart with a proprietary platform developed in-house, while TMGM does not offer this feature. Both brokers offer copy trading but do not provide DupliTrade or ZuluTrade.
In terms of charting tools, Swissquote excels with 75 available drawing tools, significantly more than the 15 offered by TMGM, and both brokers allow users to trade directly from a stock chart. When it comes to watch lists customization, Swissquote offers 11 columns for fields compared to TMGM's 7. As rated by ForexBrokers.com, Swissquote earns a higher rating of 4.5 stars for its platforms and tools, compared to TMGM's 4 stars, and ranks 12th among 62 brokers in this category, while TMGM stands at the 48th position. These comparisons indicate that Swissquote holds a slight edge in trading technology offerings, ensuring a more tailored and versatile trading environment for its users.
| 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.
For traders on the go, both Swissquote and TMGM provide handy apps compatible with iPhone and Android devices. Each app supports vital features like real-time stock and forex price alerts and the ability to draw trendlines or view multiple time frames on their charts. Also, they both offer 30 technical studies for charting and allow users to create watchlists with real-time quotes. However, neither app offers the convenience of watchlist symbol syncing between the mobile app and online account, which means traders will need to manually update watchlists across platforms.
When it comes to user ratings and industry rankings, Swissquote edges ahead with a 4.5-star rating for its mobile trading app, compared to TMGM's 4-star rating. Swissquote also holds a higher position in the 2023 ForexBrokers.com ranking, sitting at #11 out of 62 brokers for mobile trading apps, whereas TMGM is ranked at #47. This suggests that while both platforms offer comprehensive mobile trading tools, Swissquote might provide a slightly superior user experience according to customer reviews and expert analysis.
| 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
|
TMGM
|
|---|---|---|
| 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 |
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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 | 2 | 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) | Yes | 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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