Written by ForexBrokers.com
In this head to head comparison of Trading 212 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.
Trading 212, established in 2004, and TMGM, founded in 2013, are both notable players in the online brokerage space, though they share certain similarities in their setups. Neither firm is publicly traded or operates as a bank. When it comes to regulatory credentials, both Trading 212 and TMGM possess two Tier-1 licenses—credentials that signify high trust levels—and no Tier-2 licenses. This shows their strong regulatory standing.
Where they differ is in their Trust Score ratings according to ForexBrokers.com. TMGM holds an "trusted" rating with a score of 83, indicating a reliable reputation. On the other hand, Trading 212 scores a 79, marking it as an "average risk" broker under the same rating scale. Although both have strong regulatory foundations, TMGM holds a slight edge in the trustworthiness scale.
| Feature |
Trading 212
|
TMGM
|
|---|---|---|
| Year Founded | 2004 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When it comes to comparing the commissions and fees of online brokers Trading 212 and TMGM, both platforms offer distinct features catering to different types of traders. Trading 212 provides two types of accounts: the Invest account for trading shares, and the CFD account, which requires a minimum deposit of 10 euros. The broker prides itself on zero-commission trading; however, users still need to account for spreads when trading CFDs and forex. For instance, the average spread for the EUR/USD pair as of January 2024 was 1.9 pips, which exceeds the industry average and may not be ideal for cost-savvy traders. Trading 212 receives a rating of 4 stars for its commissions and fees and ranks #43 out of 62 brokers according to ForexBrokers.com.
In contrast, TMGM is known for its competitive commission rates, particularly with its Edge account, which offers low spreads and charges a commission of $3.50 per side. While specific recent average spread data for the EUR/USD pair isn't readily available, this account type is still a preferred option for many due to its favorable trading conditions. TMGM provides two main accounts: the spread-only Classic account and the commission-based Edge account, making it flexible for various trading preferences. Islamic finance customers also have the option of a Sharia-compliant account with the Edge account. TMGM also earns a 4-star rating for its commissions and fees and ranks slightly better at #36 out of 62 brokers in the same category.
| Feature |
Trading 212
|
TMGM
|
|---|---|---|
| Minimum Deposit | €10 | $100 |
| Average Spread EUR/USD - Standard | 1.9 | N/A |
| All-in Cost EUR/USD - Active | 1.9 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | 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 online brokers Trading 212 and TMGM, both provide opportunities for forex trading through CFDs or spot contracts. However, Trading 212 offers a wider selection with 8025 tradeable symbols compared to TMGM's 12000. Interestingly, although TMGM has more symbols overall, Trading 212 provides a greater variety of tradeable forex pairs with 146 available, surpassing TMGM's 62 pairs. Additionally, Trading 212 stands out by allowing clients to purchase exchange-traded securities on both U.S. and international exchanges. This means investors can acquire shares from companies like Apple and Vodafone directly, whereas TMGM does not offer this capability.
In terms of additional features, Trading 212 and TMGM both offer cryptocurrency trading as derivatives rather than actual coins. However, a notable distinction is that TMGM supports copy trading, which may appeal to those looking to follow experienced traders. In ratings, Trading 212 leads with 5 stars for its range of investments and ranks 15th out of 62 brokers according to ForexBrokers.com. TMGM is also highly rated, achieving 4.5 stars and ranking 17th, making both solid choices for investors but with some different strengths in their offerings.
| Feature |
Trading 212
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8025 | 12000 |
| Forex Pairs (Total) | 146 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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 Trading 212 and TMGM for their trading platforms and tools, both brokers provide free virtual demo accounts, allowing users to practice simulated trading without risk. Trading 212 offers a proprietary, web-based trading platform, whereas TMGM provides a Windows-based desktop download platform alongside popular third-party platforms like MetaTrader 4 and MetaTrader 5. However, TMGM supports copy trading, offering additional flexibility for traders interested in following or mimicking successful trading strategies.
In terms of charting capabilities, Trading 212 delivers a rich experience with 20 drawing tools, slightly outpacing TMGM’s 15 tools, though both facilitate trading directly from stock charts. Both platforms have unique strengths in watchlist customization, with TMGM offering 7 fields compared to Trading 212's 5. Despite these differences, both platforms are well-rated, each earning 4 stars for trading platforms and tools. However, Trading 212 ranks higher in user satisfaction according to ForexBrokers.com, landing at #20 compared to TMGM's #48 ranking out of 62 brokers.
| Feature |
Trading 212
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 54 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
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Both Trading 212 and TMGM provide iPhone and Android apps for mobile trading, ensuring wide device compatibility for users. Both platforms also offer stock or forex price alerts, allowing traders to react swiftly to market changes. One significant advantage of Trading 212 is its watchlist symbol syncing feature, which keeps your watchlists updated across devices. In contrast, TMGM lacks this functionality. Trading 212 offers an impressive 104 technical studies for its charting, compared to TMGM's 30, giving users a wider array of tools to analyze market trends.
Both apps let traders draw trendlines and view multiple time frames on charts. Auto-saving of chart drawings and real-time quotes for watchlists are available on both platforms. Despite these similarities, Trading 212 stands out with its higher ranking for mobile trading apps, sitting at #17 out of 62 brokers on ForexBrokers.com, compared to TMGM's #47 placement. Yet, both apps enjoy a solid 4-star rating for mobile trading, reflecting general customer satisfaction.
| Feature |
Trading 212
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 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 Trading 212 and TMGM, there are distinct strengths to consider for each. Both brokers provide forex news sourced from top-tier media outlets like Bloomberg and Reuters, ensuring that traders are informed with credible information. However, TMGM goes a step further by providing daily market commentary, which Trading 212 does not offer. In terms of analytical tools, TMGM utilizes Trading Central's tools, a service not available with Trading 212. Both platforms offer sentiment-based trading tools and feature an economic calendar to keep traders updated on global events.
Though neither broker collaborates with TipRanks for market research, TMGM stands out by offering additional resources from Acuity Trading, such as the Signal Centre. Trading 212 and TMGM both hold an equal research rating of 3.5 stars, yet they differ slightly in their rankings on ForexBrokers.com, with Trading 212 positioned at #46 and TMGM at #53 out of 62 brokers. These key differences may influence which platform you find more useful, depending on your market research needs and preferred tools.
| Feature |
Trading 212
|
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) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, Trading 212 and TMGM each have distinct offerings. Trading 212 provides a comprehensive educational experience, featuring a rich selection of more than ten pieces centered on Forex and CFDs, including articles, videos, and archived webinars. Additionally, they host regular online webinars and maintain a comprehensive archive for those who want to learn at their own pace. Beginners can also access an extensive range of videos designed specifically for newbie traders, as well as more advanced materials for those looking to deepen their trading knowledge. TMGM, on the other hand, does not provide the same broad array of beginner-focused content, lacking equivalent forex and CFDs content and monthly webinars.
Both Trading 212 and TMGM offer an investor dictionary with an extensive list of investing terms, making it easier for newcomers to understand market jargon. Despite both achieving a 3.5-star rating for their educational offerings, the difference in resources is reflected in their rankings. Trading 212 is positioned at #20 among 62 brokers in the Education category on ForexBrokers.com, indicating a stronger emphasis on educational content compared to TMGM, which ranks at #54. This highlights Trading 212's more robust commitment to catering to those new to trading, offering more enriching tools and learning opportunities.
| Feature |
Trading 212
|
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 Trading 212 is better than TMGM. Trading 212 finished with an overall rank of #31, while TMGM finished with an overall rank of #37.
Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.
| Feature |
Trading 212
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 79 | 83 |
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Both Trading 212 and TMGM do not offer the option to buy actual delivered cryptocurrency, but they do provide the opportunity to trade cryptocurrency derivatives.
Trading 212 distinguishes itself from TMGM by supporting ACH or SEPA transfers, unlike TMGM, which does not; both platforms offer PayPal and Visa or Mastercard options, but TMGM provides the additional flexibility of Skrill, while both brokers accommodate bank wire transactions.
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 | Trading 212 | TMGM | |
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| Trust Score | 79 | 83 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | TMGM Review |
| Broker Screenshots | Trading 212 | TMGM | |
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| Regulation | Trading 212 | TMGM | |
|---|---|---|---|
| Trust Score | 79 | 83 | |
| Year Founded | 2004 | 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 | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Trading 212 | 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) | Trading 212 | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trading 212 | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8025 | 12000 | |
| Forex Pairs (Total) | 146 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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 | Trading 212 | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.9 | N/A | |
| All-in Cost EUR/USD - Active | 1.9 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trading 212 | TMGM | |
|---|---|---|---|
| Minimum Deposit | €10 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Trading 212 | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trading 212 | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 54 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Trading 212 | 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 | 104 | 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 | Trading 212 | 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 | Yes | Yes |
| Education | Trading 212 | 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 | Trading 212 | 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 | Trading 212 Review | TMGM Review |
| Overall | Trading 212 | TMGM | |
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| Trust Score | 79 | 83 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | TMGM Review |
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