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 regarding commissions and fees, both brokers offer unique features suited for different trading preferences. ThinkMarkets has achieved a solid rating of 4 stars for its commission and fee structure, although detailed average spread data is not available for deeper insights into trading costs. This level of transparency might influence traders looking for comprehensive cost breakdowns.
On the other hand, TMGM matches ThinkMarkets with a 4-star rating but provides more detailed information on pricing, with a particular focus on its Edge account, which offers competitive rates. TMGM's Edge account charges a commission of $3.50 per side ($7 per round trip), along with low prevailing spreads, making it an attractive option, especially for those interested in lower costs and no requotes. Additionally, TMGM supports Islamic finance customers with Sharia-compliant features on its Edge account, expanding its appeal to a broader audience.
In terms of rankings, ThinkMarkets is positioned at #48 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com, while TMGM ranks higher at #35. This distinction highlights TMGM's competitive edge in providing transparent and affordable trading options for its clients.
| 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.
Both ThinkMarkets and TMGM offer a comprehensive suite of trading platforms and tools, suitable for traders of all levels. Both brokers provide simulated trading through free virtual demo accounts, allowing users to practice without financial risk. ThinkMarkets sets itself apart with a proprietary platform developed in-house, whereas TMGM does not offer a proprietary option. Both brokers support MetaTrader 4 and MetaTrader 5, alongside offering Windows-based desktop and web-based trading platforms, as well as the ability to execute trades directly from stock charts. Despite these similarities, ThinkMarkets surpasses TMGM in terms of customization with watch lists, offering 15 columns as opposed to TMGM's 7.
Though both brokers facilitate copy trading, tools like DupliTrade and ZuluTrade are absent from their offerings. ThinkMarkets and TMGM both provide 15 drawing tools for charting, maintaining an identical capacity in this area. However, ThinkMarkets is rated slightly higher for trading platforms and tools, receiving a ranking of 4 stars out of 5 and positioned at #27 out of 62 brokers by ForexBrokers.com. This is in comparison to TMGM, which also earns 4 stars but holds the #48 rank. Thus, while both ThinkMarkets and TMGM offer solid trading platforms and tools, ThinkMarkets takes a slight edge in terms of overall ranking and proprietary offerings.
| 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 offer mobile trading apps for iPhone and Android users, making it convenient for traders to manage their investments on the go. Each platform provides key features such as stock or forex price alerts and the ability to draw trendlines on charts. Users can switch between different time frames on charts and enjoy the automatic saving of drawing tools. However, neither app supports syncing watchlists between the mobile app and the online account, which might be a limitation for those who frequently update their watchlists across devices.
When it comes to charting tools, ThinkMarkets provides an extensive range of 94 technical studies, while TMGM offers 30, giving ThinkMarkets a significant edge in this area. Both apps allow users to create watchlists with real-time quotes, yet their overall user ratings for mobile trading apps are similar, with each earning a commendable 4 out of 5 stars. Despite this shared rating, they diverge in rankings by ForexBrokers.com among 62 brokers, with ThinkMarkets securing the 20th position and TMGM occupying the 46th spot, indicating a stronger overall preference for ThinkMarkets in the mobile app category.
| 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 |
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| Trust Score | 92 | 83 |
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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.
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0 of 5| Overall Rating | ThinkMarkets | TMGM | |
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| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | ThinkMarkets | TMGM | |
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| 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 | |
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| Trust Score | 92 | 83 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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