Written by ForexBrokers.com
In this head to head comparison of Trade Nation 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.
Trade Nation, founded in 2014, and TMGM, established in 2013, both operate as online brokers not listed on any stock exchanges and are not banks. Trade Nation holds two Tier-1 licenses and one Tier-2 license, reflecting a strong regulatory standing. Similarly, TMGM also holds two Tier-1 licenses, but lacks any Tier-2 licenses. These licenses contribute to their credibility in the online trading world, showcasing a commitment to meeting regulatory standards.
According to ForexBrokers.com, Trade Nation earns a Trust Score of 85, placing it in the trusted category, while TMGM's Trust Score comes in slightly lower at 83 but remains within the same trusted range. These scores underscore their dedication to providing reliable services, albeit with slight variations in the breadth of their regulatory compliance. With such scores, both are seen as viable options for traders seeking a reasonable level of assurance in their online trading activities.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Year Founded | 2014 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing the commissions and fees of Trade Nation and TMGM, both brokers offer appealing options for various traders, but they each have unique advantages. Trade Nation excels with a 5-star rating and ranks 7th out of 62 brokers according to ForexBrokers.com, thanks to its competitive fixed-spread pricing. The broker provides a fixed spread of 0.6 pips for the EUR/USD pair on its proprietary TN Trader platform, with spreads slightly increasing during a daily rollover period. While it offers both fixed and variable spreads, Trade Nation's TN Trader account generally delivers the most favorable terms when considering all-in costs. For MetaTrader users, Trade Nation provides a choice between a commission-based Raw Spread account and a commission-free account, with the Raw Spread account featuring a commission of $3.50 per side.
TMGM, on the other hand, offers a highly competitive Edge account with low spreads and a $3.50 commission per side, garnering a 4-star rating and ranking 36th out of 62 brokers by ForexBrokers.com. While specific spread data was not available, TMGM's Edge account is ideal for those seeking low trading costs, especially when compared to its spread-only Classic account. TMGM also caters to Islamic finance customers by offering a swap-free option on its Edge account, a feature not available in the Classic account, making it a desirable choice for those requiring Sharia-compliant trading.
Overall, both Trade Nation and TMGM present solid options depending on your trading needs. Trade Nation stands out for those who favor fixed spreads and a versatile platform, while TMGM is appealing to traders prioritizing low variable spreads and commission-based accounts. With their distinct offerings, each broker provides pathways to manage trading costs effectively.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | 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 investment options offered by online brokers Trade Nation and TMGM, it becomes evident that TMGM stands out with a broader selection. TMGM provides access to an impressive array of 12,000 tradeable symbols, including 62 forex pairs, allowing investors a diverse range of choices. In comparison, Trade Nation offers 1,000 tradeable symbols and 46 forex pairs, which, while still substantial, doesn't quite match the variety found with TMGM. Both brokers allow forex trading as CFDs, include cryptocurrency derivatives in their offerings, and offer innovative features like copy trading. However, neither broker provides the option to buy actual cryptocurrencies or exchange-traded securities on U.S. or international exchanges.
Trade Nation and TMGM both support forex trading through CFDs and copy trading, making them competitive options for investors interested in these markets. Despite similarities in certain offerings, TMGM's extensive list of tradeable symbols and higher number of forex pairs earn it a higher rating for its range of investments, receiving 4.5 stars compared to Trade Nation's 3.5 stars. This distinction is further emphasized by TMGM's higher rank of #17 in ForexBrokers.com's Range of Investments category, compared to Trade Nation's rank of #38. Overall, TMGM delivers a wider array of investments, appealing to investors seeking more opportunities across various trading instruments.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 12000 |
| Forex Pairs (Total) | 46 | 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 Trade Nation and TMGM, both brokers cater to a wide range of traders by offering various features, yet differ in specific areas. Trade Nation stands out with its proprietary platform developed in-house, providing a unique trading environment that TMGM lacks. Both brokers support popular trading options such as MetaTrader 4 (MT4) and Windows-based desktop platforms, in addition to offering convenient web-based trading. Additionally, each broker facilitates simulated trading with free virtual demo accounts, making it easier for beginners to practice without financial risk.
In terms of specific functionalities, both Trade Nation and TMGM support copy trading, yet they diverge when it comes to MetaTrader 5 (MT5), which is only available through TMGM. For charting enthusiasts, Trade Nation offers a wider array of drawing tools, with 39 available compared to TMGM's 15. However, TMGM allows traders to execute trades directly from a stock chart, a feature that Trade Nation does not provide. Watch lists reveal a difference in depth, with Trade Nation offering 14 columns to TMGM's 7. Despite these differences, both brokers received an equal rating of four stars for their trading platforms and tools and hold competitive ranks within their industry category.
| Feature |
Trade Nation
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Trade Nation and TMGM both offer mobile apps for iPhone and Android users, granting easy access to trading wherever you are. Both apps support stock or forex price alerts and allow drawing trend lines on charts. Users can also view different time frames, such as daily or weekly, on stock or forex charts. Creating watchlists with real-time quotes is a feature offered by both brokers, and any drawings on charts are automatically saved. While Trade Nation and TMGM both receive four-star ratings for their mobile trading apps, Trade Nation holds a slightly better ranking (#45) compared to TMGM (#47) according to ForexBrokers.com.
While the basic trading features are similar, Trade Nation's mobile app offers advanced functionalities that can be advantageous for avid traders. Specifically, Trade Nation provides 99 technical studies for charting, compared to just 30 offered by TMGM. Additionally, Trade Nation supports watchlist symbol syncing, which allows seamless changes across devices, a feature not available with TMGM. Overall, these distinctions may make Trade Nation a more appealing choice for traders who seek more comprehensive tools at their fingertips.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 99 | 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 it comes to daily market commentary, both Trade Nation and TMGM deliver consistent updates to keep traders informed. They also ensure access to forex news from top-tier sources like Bloomberg and Reuters. However, when it comes to technical analysis tools, TMGM stands out by offering resources from Trading Central, unlike Trade Nation. Both brokers, however, provide sentiment-based trading tools that help users gauge the market's mood by showing the ratio of long or short positions across currency pairs.
Both Trade Nation and TMGM offer research tools from Acuity Trading, including the Signal Centre. Yet, TMGM edges out with an economic calendar feature that Trade Nation lacks, providing a comprehensive schedule of global news events. Despite their differences in tool offerings, Trade Nation holds a slightly higher research ranking at #42 compared to TMGM's #53 in a field of 62 brokers on ForexBrokers.com. However, both receive an identical research rating of 3.5 stars out of five, reflecting their overall capability to support traders with insightful information.
| Feature |
Trade Nation
|
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 | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When looking at educational resources for beginners, Trade Nation stands out with a richer variety. They provide a minimum of 10 educational pieces focusing on forex and CFDs, alongside at least 10 beginner and 10 advanced educational videos that delve into trading topics for both newcomers and experienced traders. Additionally, Trade Nation offers an investor dictionary with definitions for over 50 investing terms, making it a comprehensive starting point for individuals wanting to improve their understanding of trading.
On the other hand, TMGM does not reach the same level of beginner support as Trade Nation. While they, too, offer an extensive investor dictionary, they fall short in providing a wide array of educational materials specifically targeted towards forex and CFDs learning or beginner trading videos. However, TMGM does offer a searchable archive of previously recorded client webinars—a feature not available with Trade Nation. Despite both brokers sharing a 3.5-star education rating, Trade Nation ranks higher, placing #41 compared to TMGM's #54 according to ForexBrokers.com, reflecting a greater emphasis on educational resources.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 Trade Nation is better than TMGM. Trade Nation finished with an overall rank of #34, while TMGM finished with an overall rank of #37.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 85 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Neither Trade Nation nor TMGM offers the ability to buy actual cryptocurrencies, but both provide the option to trade cryptocurrency derivatives.
When comparing Trade Nation to TMGM, it is noted that neither offers ACH or SEPA transfers for funds, while TMGM uniquely supports PayPal transactions in contrast to Trade Nation; both brokers, however, accept Skrill, Visa, Mastercard, and bank wire transfers for depositing and withdrawing account funds.
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 | Trade Nation | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 83 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | TMGM Review |
| Broker Screenshots | Trade Nation | TMGM | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Trade Nation | TMGM | |
|---|---|---|---|
| Trust Score | 85 | 83 | |
| Year Founded | 2014 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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). | No | No |
| Tier-2 Licenses (Trusted) | Trade Nation | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 12000 | |
| Forex Pairs (Total) | 46 | 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 | Trade Nation | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Trade Nation | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | 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 | No | Yes |
| Education | Trade Nation | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Trade Nation | 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 | Trade Nation Review | TMGM Review |
| Overall | Trade Nation | TMGM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 83 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | TMGM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill