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 online brokers Trade Nation and TMGM, Trade Nation shines with a 5-star rating and ranks at number 7 out of 62 brokers according to ForexBrokers.com. Trade Nation offers competitive fixed-spread pricing for its proprietary platform along with variable-spread options on MetaTrader. For the EUR/USD pair, the fixed spread is 0.6 pips, which temporarily widens up to 1.4 pips during the rollover period, bringing the typical average spread to about 1 pip. Trade Nation provides three core account types: a MetaTrader commission-based Raw Spread account with a $3.50 commission per side, a MetaTrader commission-free account, and the TN Trader account, known for offering the lowest spreads when total costs are considered.
TMGM, with a 4-star rating and a ranking of 35 out of 62 brokers, also presents itself as a strong contender in the trading arena. TMGM delivers competitive commissions through its Edge account, which charges a $3.50 commission per side along with low spreads. The brokerage offers two main account types: the spread-only Classic account and the Edge account. For a cost-effective choice, the Edge account stands out with its blend of low spreads and minimal commissions. However, recent average spread data for the EUR/USD pair is not readily published, making it slightly challenging for traders to fully assess TMGM's spread offerings.
Ultimately, Trade Nation edges ahead in terms of commissions and fees with its consistent and transparent pricing structure, especially in the forex trading space. Both brokers cater to diverse trading needs, but Trade Nation’s transparent and predictable fee model, along with its higher ranking, can provide greater peace of mind for traders keen on managing consistent costs.
| 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 offered by Trade Nation and TMGM, both brokers provide a range of features to accommodate traders at varying levels of experience. Trade Nation stands out with its proprietary trading platform and offers a free virtual demo account, which is ideal for practicing strategies without financial risk. For desktop enthusiasts, both brokers provide Windows-based trading platforms, and similarly offer web-based platforms for those who prefer browser trading. Both Trade Nation and TMGM support MetaTrader 4 (MT4), a popular choice among traders, though TMGM extends its offerings with the newer MetaTrader 5 (MT5), which Trade Nation lacks.
In terms of additional tools, Trade Nation gives traders access to an impressive 39 drawing tools compared to TMGM's 15. However, TMGM offers the convenience of trading directly from a stock chart, a feature Trade Nation does not provide. When it comes to managing watch lists, Trade Nation offers more columns with 14 fields against TMGM's 7. Both brokers offer copy trading but neither supports DupliTrade or ZuluTrade. In terms of overall ratings, both Trade Nation and TMGM receive 4 stars for their trading platforms and tools, though Trade Nation is slightly higher ranked at #45 out of 62 brokers according to ForexBrokers.com, with TMGM close behind at #48.
| 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) | 99 | 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.
Both Trade Nation and TMGM offer versatile mobile trading apps available for iPhone and Android users, providing convenient access to the markets. Whether you are a stock or forex trader, both platforms enable price alerts and the ability to draw trendlines on charts. Trade Nation stands out with a higher number of technical studies, offering 99 compared to TMGM's 30, providing a more comprehensive suite for analyzing market trends. Both apps allow users to view multiple time frames on charts and auto-save any drawn features, making them ideal for traders who require flexibility and real-time updates.
An important feature to consider is Trade Nation's watchlist symbol syncing, which TMGM lacks. This means Trade Nation users can seamlessly sync watchlists between the mobile app and their online account, ensuring any changes made in one location are reflected in the other. Both apps facilitate the creation of watchlists with real-time quotes. When it comes to ratings, both are rated four stars for mobile trading, though Trade Nation is marginally ahead in the ForexBrokers.com ranking, placed at 45 out of 62 brokers compared to TMGM’s ranking of 46. Overall, the choice between the two might hinge on specific features like technical study availability and watchlist syncing capabilities.
| 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 comparing the market research capabilities of Trade Nation and TMGM, both brokers offer unique advantages to traders. Trade Nation provides forex news from top-tier sources like Bloomberg and Reuters, helping traders stay informed with reliable information. They also offer a sentiment-based trading tool, which provides insights into the market's long and short positions. Furthermore, traders at Trade Nation have access to research tools from Acuity Trading, which includes the Signal Centre, enhancing their trading strategies with valuable data.
On the other hand, TMGM stands out by offering daily market commentary and a comprehensive economic calendar that highlights key global events, enabling traders to make timely decisions. Similar to Trade Nation, TMGM provides forex news from premier sources and sentiment-based trading tools. Additionally, TMGM boosts its research arsenal with tools from Trading Central, offering advanced technical analytics. Despite these offerings, both brokers hold a research rating of 3.5 stars, with Trade Nation ranked #42 and TMGM ranked #53 among 62 brokers by ForexBrokers.com.
| Feature |
Trade Nation
|
TMGM
|
|---|---|---|
| Daily Market Commentary | No | 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.
For beginners seeking educational resources about forex or CFDs, Trade Nation stands out with a comprehensive collection of educational pieces. This includes over ten articles, videos, and similar materials focusing on these financial subjects, specifically tailored for those new to trading. On the other hand, TMGM lacks in this area, providing less than ten such resources. Both Trade Nation and TMGM do not provide regular online webinars to clients, a feature that could be valuable for ongoing learning and development. However, TMGM does maintain a searchable archive of past webinars, something that Trade Nation does not offer.
When it comes to beginner-focused educational videos, Trade Nation surpasses TMGM by offering more than ten videos designed for new traders. TMGM falls short in this regard. Neither platform provides a significant number of advanced videos aimed at seasoned traders. For users needing quick access to investing terminology, TMGM provides a helpful investor dictionary comprising over 50 terms, which Trade Nation does not offer. Despite these differences in educational tools, both brokers share a similar education rating of 3.5 stars out of five, with their overall ranks being #42 for Trade Nation and #54 for TMGM out of 62 brokers evaluated by ForexBrokers.com.
| 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 | No | No |
| Investor Dictionary (Glossary) | No | 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
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 83 |
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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.
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0 of 5| Overall Rating | Trade Nation | TMGM | |
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| Trust Score | 85 | 83 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | TMGM Review |
| Broker Screenshots | Trade Nation | TMGM | |
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| 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) | 99 | 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 | No | 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 | No | No | |
| Investor Dictionary (Glossary) | No | 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 | |
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| Trust Score | 85 | 83 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | TMGM Review |
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