Written by ForexBrokers.com
In this head to head comparison of Tickmill 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 Tickmill and TMGM, both renowned online brokers, it's important to consider their trust scores and regulatory credentials. Founded in 2014, Tickmill holds two highly regarded Tier-1 licenses and two trusted Tier-2 licenses, contributing to its commendable Trust Score of 86 out of 99 from ForexBrokers.com. This places Tickmill comfortably in the trusted category for traders. Meanwhile, TMGM, established in 2013, also holds two Tier-1 licenses but lacks Tier-2 licenses, resulting in a slightly lower Trust Score of 83. This score still signifies a reliable level of trustworthiness, though slightly behind Tickmill in regulatory strength.
Neither Tickmill nor TMGM are publicly traded or classified as banks, which is typical for many online brokers. Despite these similarities, their regulatory licenses make a notable difference for potential investors. Both companies' Tier-1 licenses indicate they are highly trusted, but Tickmill's additional Tier-2 licenses may provide an added layer of assurance for those concerned with security and regulation. Overall, both brokers offer strong trust levels, though Tickmill edges out slightly with its more comprehensive regulatory framework.
| Feature |
Tickmill
|
TMGM
|
|---|---|---|
| Year Founded | 2014 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of Tickmill and TMGM, both online brokers offer attractive options for traders, but with some key differences. Tickmill provides two main accounts: the Classic and the Raw. The Classic account is commission-free and requires traders to pay only the bid/ask spread, which averages 1.76 pips. Meanwhile, the Raw account, which has replaced the Pro account, features a competitive commission of $3 per side or $6 per standard lot, with a typical spread of 0.11 pips for EUR/USD. This accounts for an all-in cost of approximately 0.71 pips. With a minimum deposit of just $100, the Raw account's low spreads and versatile trading policies make it a popular choice among active traders. Tickmill is highly rated with five stars and is ranked 4th out of 62 brokers by ForexBrokers.com in the Commissions and Fees category.
TMGM, on the other hand, also offers competitive fees with its Edge account, which includes low spreads and a straightforward commission structure of $3.50 per side or $7 per round trip. While specific average spread data for EUR/USD is not readily available from TMGM, the Edge account's commission-based structure is well-regarded. Traders who prefer a spread-only model can opt for the Classic account, although the Edge account is often preferred due to its combination of low commissions and spreads. TMGM caters to Islamic finance customers with Sharia-compliant accounts available only through the Edge account. TMGM has earned a respectable rating of four stars and is ranked 36th in commissions and fees by ForexBrokers.com.
| Feature |
Tickmill
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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.
Tickmill and TMGM both offer forex trading through CFDs or spot contracts, catering to traders interested in the foreign exchange market. When it comes to the number of tradeable symbols, TMGM stands out with an impressive offering of 12,000 symbols, dwarfing Tickmill's 725. However, Tickmill slightly edges out in forex pairs by offering 63 compared to TMGM's 62, providing just a tad more variety for forex enthusiasts. Both brokers abstain from providing direct access to exchange-traded securities, whether in the U.S. or internationally, which may be a consideration for investors looking for stock market exposure.
In terms of cryptocurrency, neither Tickmill nor TMGM allows the purchase of actual cryptocurrencies; instead, they both offer cryptocurrency derivatives. Copy trading is available on both platforms, providing options for investors interested in mimicking successful trades. Overall, TMGM receives a higher rating for its range of investments with 4.5 stars, compared to Tickmill's 3.5 stars. Additionally, TMGM ranks significantly higher at #17 out of 62 brokers for its range of investments according to ForexBrokers.com, while Tickmill sits at #42, indicating that TMGM may offer a broader scope for investment opportunities.
| Feature |
Tickmill
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 12000 |
| Forex Pairs (Total) | 63 | 62 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 the trading platforms and tools of Tickmill and TMGM, both brokers provide substantial features for traders. They both offer simulated trading with free virtual demo accounts, allowing beginners to practice without financial risk. Neither Tickmill nor TMGM offers a proprietary platform, but they both support popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Available on both Windows-based desktop and web-based platforms, users can enjoy flexible access to trading. Copy trading is possible with both brokers, yet options like DupliTrade and ZuluTrade are absent. Despite this, trading directly from stock charts is possible for both, enhancing convenience for real-time trading.
Looking into charting capabilities, both Tickmill and TMGM offer 15 drawing tools but do not specify the number of technical indicators. Watch lists can be customized with up to seven fields, helping traders keep track of preferred stocks easily. In terms of performance ratings, both platforms are rated four stars for trading platforms and tools. However, when ranked by ForexBrokers.com, Tickmill takes a higher position at #32 out of 62 brokers, while TMGM is placed at #48, suggesting a slight edge for Tickmill in terms of overall trading platform and tool offerings.
| Feature |
Tickmill
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and TMGM offer strong options for mobile trading apps, compatible with iPhone and Android devices. Users will find essential features such as stock and forex price alerts and the ability to create watchlists with real-time quotes. While both apps include 30 technical studies for charting, they do not support watchlist symbol syncing. Fortunately, tools such as trendline drawing and multiple time frame viewing are available on both platforms. The apps also have the ability to auto-save drawings, ensuring that chart annotations are not lost.
In terms of user satisfaction, both apps receive a solid rating of 4 stars out of five for their mobile trading offerings. However, when evaluated by ForexBrokers.com, Tickmill stands out in the rankings at #32, compared to TMGM's #47 out of 62 brokers. Despite their differences in ranking, both apps provide a reliable mobile trading experience for those looking to manage their investments on the go.
| Feature |
Tickmill
|
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.
When comparing Tickmill and TMGM in terms of market research offerings, both brokers excel in delivering daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. They also provide sentiment-based trading tools, highlighting the ratio of long or short positions for various instruments, and both have economic calendars for global news events. Notably, Tickmill and TMGM both utilize research tools from Acuity Trading, such as the Signal Centre. However, while TMGM offers additional resources like Trading Central's Technical Analytics, Tickmill does not.
Despite the similarities, there are key differences reflected in their ratings and rankings. Tickmill is rated 4 stars for Research and ranks #22 out of 62 brokers according to ForexBrokers.com, indicating a strong overall research capability. On the other hand, TMGM is slightly behind with a 3.5-star rating and ranked #53. This suggests that Tickmill might be a slightly more comprehensive choice for traders prioritizing research tools in their trading strategy.
| Feature |
Tickmill
|
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 comparing the educational resources available for beginners on Tickmill and TMGM, Tickmill stands out with a comprehensive array of materials tailored to new traders. Tickmill provides over 10 educational pieces focused on forex or CFDs, alongside monthly online webinars to enhance learning opportunities. Furthermore, they offer a library of past webinars and a wide selection of educational videos for both beginners and advanced traders, adding depth to the learning experience. Additionally, their investor dictionary, containing more than 50 investing terms, supports beginner traders in becoming familiar with trading language.
In contrast, TMGM offers fewer educational resources targeted at beginners. While they do provide a searchable archive of videos, they fall short of offering a sufficient range of beginner-focused educational content. This includes a limited number of articles or videos dedicated to teaching forex or CFDs. TMGM also lacks the monthly webinars that Tickmill provides. However, both brokers offer a dictionary with key investing terms. Ultimately, Tickmill earns a slightly higher educational rating of 4 stars compared to TMGM's 3.5 stars, reflecting its more extensive support for novice traders. Tickmill's superior rank of 15th in the Education category, as opposed to TMGM's 54th, underscores its stronger offerings for learners in the trading world.
| Feature |
Tickmill
|
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 Tickmill is better than TMGM. Tickmill finished with an overall rank of #22, while TMGM finished with an overall rank of #37.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 83 |
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Tickmill and TMGM both do not offer the option to buy actual delivered cryptocurrencies, but each provides the ability to trade cryptocurrency derivatives, allowing investors to speculate on price movements without owning the actual digital asset.
Both Tickmill and TMGM provide multiple funding options for account deposits and withdrawals, including PayPal, Skrill, Visa, Mastercard, and bank wires, but neither supports ACH or SEPA transfers.
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 | Tickmill | TMGM | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | Tickmill Review | TMGM Review |
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| Regulation | Tickmill | TMGM | |
|---|---|---|---|
| Trust Score | 86 | 83 | |
| Year Founded | 2014 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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) | 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) | Tickmill | 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 | Tickmill | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 12000 | |
| Forex Pairs (Total) | 63 | 62 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Tickmill | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | No |
| Trading Platforms | Tickmill | TMGM | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Tickmill | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill Review | TMGM Review |
| Overall | Tickmill | TMGM | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | Tickmill Review | TMGM Review |
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