Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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 2010, ThinkMarkets is an online broker that inspires confidence with a ForexBrokers.com Trust Score rating of 92, making it highly trusted. The company is not publicly traded and does not operate as a bank. ThinkMarkets holds five Tier-1 licenses, which are deemed highly reliable, and two Tier-2 licenses, adding to its credibility. This robust regulatory framework sets it apart as a highly secure option for traders seeking a trustworthy online broker.
TMGM, on the other hand, was established in 2013 and offers a solid reputation with a ForexBrokers.com Trust Score rating of 83, categorizing it as trusted. Like ThinkMarkets, TMGM is not publicly traded and is not a banking institution. It holds two Tier-1 licenses, securing its status as a trusted platform. While TMGM does not possess Tier-2 licenses, it still provides a trustworthy environment for trading, supported by its adequate regulation.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Year Founded | 2010 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When comparing ThinkMarkets and TMGM, both online brokers receive a commendable four-star rating for their commissions and fees, though they differ in their rankings and specific offerings. ThinkMarkets ranks at number 48 out of 62 brokers as per ForexBrokers.com, providing satisfactory service. However, specific average spread data for ThinkMarkets isn't readily available, which makes it harder to thoroughly evaluate its overall trading costs against competitors.
TMGM stands out with a ranking of 36 among 62 brokers in the commissions and fees category, offering a choice between a spread-only Classic account and a commission-based Edge account. The Edge account is especially appealing for traders looking for competitive costs, charging only a small commission of $3.50 per side ($7 per round trip). This account also offers low prevailing spreads, although specific average spread data for the EUR/USD pair was not available at the last review.
For traders requiring interest-free accounts compliant with Sharia law, TMGM offers a solution with the Edge account, though this option isn't available for their Classic account. While both ThinkMarkets and TMGM offer a competitive trading environment, TMGM's wider range of account options and clearer fee structure may appeal to a broader audience, especially those who prioritize transparency in trading costs.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | 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 the range of investments offered by ThinkMarkets and TMGM, both platforms provide forex trading as CFDs, making them accessible for investors seeking this popular asset class. ThinkMarkets offers around 4,000 tradeable symbols, including 46 forex pairs, whereas TMGM expands its suite significantly with 12,000 tradeable symbols and 62 forex pairs, offering traders a broader spectrum of opportunities. However, ThinkMarkets stands out by including exchange-traded securities on international exchanges, unlike TMGM, adding a unique element to their investment offerings.
Both brokers facilitate copy trading and provide options for trading cryptocurrency derivatives, enhancing their appeal for investors interested in emerging digital assets. Nonetheless, neither ThinkMarkets nor TMGM allows for the purchase of actual cryptocurrencies. When evaluated for the range of investments, both have received 4.5-star ratings, reflecting their robust line-up. Notably, when ranked by ForexBrokers.com, TMGM edges slightly ahead at #17, compared to ThinkMarkets at #21, showcasing TMGM’s extensive range and appeal to traders.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 12000 |
| Forex Pairs (Total) | 46 | 62 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 online brokers ThinkMarkets and TMGM on their trading platforms and tools, both firms offer simulated trading with a free virtual demo account, making them appealing options for those new to trading. ThinkMarkets stands out with its proprietary platform, while TMGM relies on third-party platforms. Both brokers provide Windows-based desktop download and web-based trading platforms, include popular MetaTrader 4 and 5, and offer copy trading capabilities. However, neither broker supports DupliTrade or ZuluTrade. For technical features, they both allow trading directly from stock charts and offer 15 drawing tools, but ThinkMarkets provides more customization options for watch lists with 15 columns compared to TMGM's 7.
Despite both receiving a commendable 4-star rating for their trading platforms and tools, ThinkMarkets surpasses TMGM with a higher rank on ForexBrokers.com, coming in at 28th out of 62 brokers, while TMGM sits at 48th. This distinction highlights ThinkMarkets' edge in diversifying platform offerings and greater flexibility with watch list configurations, elements that contribute to a better overall trading experience for users seeking extensive customization and proprietary trading interfaces.
| Feature |
ThinkMarkets
|
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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both ThinkMarkets and TMGM provide iPhone and Android mobile apps, making trading on the go accessible for users with different devices. Regardless of the platform you choose, you'll find crucial features like stock or forex price alerts and the ability to create watchlists with real-time quotes. However, neither app offers syncing for watchlist symbols with a client’s online account. If you enjoy analyzing multiple time frames or drawing trendlines, both apps support these functions and will automatically save your drawings for future reference.
When diving into the charting capabilities, ThinkMarkets shines with 94 technical studies. In comparison, TMGM offers 30, providing a solid range of analysis tools but fewer than ThinkMarkets. Both platforms deliver a seamless user experience, rated 4 out of 5 stars for their mobile trading apps. However, according to ForexBrokers.com rankings, ThinkMarkets stands out at #20 out of 62 brokers, while TMGM ranks #47, suggesting a broader approval for ThinkMarkets in the mobile trading community.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 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.
ThinkMarkets and TMGM both excel in offering comprehensive daily market commentary, keeping traders informed with the latest updates. Both brokers provide access to forex news from elite sources such as Bloomberg and Reuters, ensuring that their clients receive high-quality information. However, while neither broker offers tools from Autochartist, TMGM stands out by providing analysis via Trading Central, a service that ThinkMarkets does not offer. Both platforms include sentiment-based trading tools that illustrate the ratio of long or short positions and grant access to research tools from Acuity Trading, such as Signal Centre. Additionally, each broker offers an economic calendar to track important global news events.
Despite these extensive offerings, both ThinkMarkets and TMGM have room for improvement in their research services. With each receiving a 3.5-star rating for research, they rank relatively low among 62 brokers, with ThinkMarkets positioned at #50 and TMGM slightly behind at #53, according to ForexBrokers.com. While they provide a solid foundation of information and tools, traders may need to look elsewhere for more advanced technical analysis tools or specialized research features.
| Feature |
ThinkMarkets
|
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) | Yes | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, ThinkMarkets stands out as a more comprehensive choice compared to TMGM. ThinkMarkets provides a wide array of materials, including over 10 articles and videos focused on forex and CFDs, alongside monthly educational webinars that bring real-time learning right to your living room. For those who missed these live sessions, ThinkMarkets also offers a searchable archive of past webinars. Additionally, beginners can benefit from over 10 instructional videos tailored specifically for novice traders, building a solid foundation for their trading journey.
While both ThinkMarkets and TMGM help demystify complex investing lingo with their investor dictionaries, TMGM lacks in the breadth of educational content offered to beginners. TMGM does not provide a minimum of 10 pieces of educational materials specifically on forex or CFDs, nor do they offer monthly webinars or dedicated learning videos for beginners. Despite these differences, both platforms receive a similar education rating of 3.5 out of 5 stars, with ThinkMarkets slightly edging ahead in overall ranking at #52, compared to TMGM's position at #54 according to ForexBrokers.com. This subtle edge may make ThinkMarkets a more attractive option for beginners looking for rich educational content to bolster their trading expertise.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than TMGM. ThinkMarkets finished with an overall rank of #27, while TMGM finished with an overall rank of #37.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
TMGM
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 92 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both ThinkMarkets and TMGM do not allow the purchase of actual cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers ThinkMarkets and TMGM, both offer Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals; however, TMGM additionally supports PayPal, which is not available with ThinkMarkets, while neither broker provides ACH or SEPA transfer options.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | ThinkMarkets | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | ThinkMarkets | TMGM | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | ThinkMarkets | TMGM | |
|---|---|---|---|
| Trust Score | 92 | 83 | |
| Year Founded | 2010 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | 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 | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | 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 | ThinkMarkets | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 12000 | |
| Forex Pairs (Total) | 46 | 62 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | ThinkMarkets | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 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 | ThinkMarkets | TMGM | |
|---|---|---|---|
| Minimum Deposit | $50 | $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 | ThinkMarkets | 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 | ThinkMarkets | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 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 | ThinkMarkets | 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 | 94 | 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 | ThinkMarkets | 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 | ThinkMarkets | 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 | ThinkMarkets | 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 | TMGM Review |
| Overall | ThinkMarkets | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
