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 brokerage services of Tickmill and TMGM, their commission structures and fees present notable differences for traders. Tickmill provides two main accounts: the Classic and the newly introduced Raw account, which replaced the Pro account. The Raw account comes with an amended commission fee of $3 per side, totaling $6 for a standard lot, while maintaining some of the lowest average spreads in the industry. Tickmill's Classic account operates entirely commission-free, although it has higher average spreads around 1.76 pips. For traders prioritizing cost-efficiency, Tickmill remains a top choice, boasting a 5-star rating and ranking 4th among 62 brokers in the commissions and fees category.
TMGM offers the Edge and Classic accounts, each catering to different trading preferences. The Edge account, known for its competitive low spreads and absence of requotes, imposes a $3.50 commission per side, translating to a $7 round trip fee. This account is particularly suited for those who prefer transparent commission structures. TMGM scores 4 stars in terms of commissions and fees, ranked 35th out of 62 brokers by ForexBrokers.com.
Both brokers offer account types that accommodate various trader needs. Tickmill’s Raw account is especially appealing due to low barriers to entry and excellent execution policies, while TMGM’s Edge account is strategically competitive for those avoiding swap fees in Islamic finance. Traders often consider not just the commission costs but the overall trading conditions when selecting their preferred platform.
| 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.
When it comes to mobile trading, both Tickmill and TMGM offer apps for iPhone and Android, catering to traders on the go. Each platform provides key features like stock and forex price alerts, the ability to draw trendlines, and multiple timeframe views, making it easier for users to manage their investments from their mobile devices. Both brokers allow the creation of watchlists complete with real-time quotes, ensuring that users have access to up-to-date market information. Additionally, the auto-saving feature for chart drawings is available on both apps, which is a plus for those who frequently analyze trends.
However, neither Tickmill nor TMGM supports watchlist symbol syncing between the mobile app and online account, which could be a minor inconvenience for users who frequently switch between devices. Both platforms offer 30 technical studies for charting, providing ample tools for technical analysis. User ratings stand at four stars each for their mobile trading apps. Yet, according to ForexBrokers.com, Tickmill holds a slightly higher ranking, coming in at #31 out of 62 brokers, compared to TMGM's position at #46, suggesting a marginal edge in overall app satisfaction among traders.
| 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 the market research offerings of Tickmill and TMGM, there are several factors to consider. Both brokers provide daily market commentary and deliver forex news from respected sources like Bloomberg and Reuters. They also offer sentiment-based trading tools and have economic calendars to keep traders informed about global events. However, differences emerge in the tools they provide; while neither broker features resources from Autochartist, TMGM distinguishes itself by offering technical analysis tools from Trading Central, which Tickmill does not. On the other hand, both brokers provide research tools from Acuity Trading.
In terms of overall research ratings and rankings, Tickmill slightly edges ahead with a 4-star rating, compared to TMGM's 3.5 stars. This is reflected in their respective standings on ForexBrokers.com, where Tickmill holds the 21st position out of 62 brokers, while TMGM ranks 53rd. These ratings suggest that although both brokers cater well to traders needing market insights, Tickmill may provide a more comprehensive research experience.
| 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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