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 comparing Trading 212 and TMGM for commissions and fees, each broker offers distinct account types and associated costs. Trading 212 provides two main accounts: the Invest account and the CFD account. The focus here is on the CFD account, which demands a minimum deposit of 10 euros. While Trading 212 promotes zero-commission trading, traders still encounter costs through spreads. For example, the average spread on the EUR/USD pair in January 2024 was 1.9 pips, which is higher than industry standards. Despite its 4-star rating for commissions and fees, Trading 212 ranks at #43 out of 62 brokers according to ForexBrokers.com.
In contrast, TMGM presents a more competitive approach with its Edge account, offering low spreads and minimal commissions. Traders pay a $3.50 commission per side, totaling $7 for a round trip. Average spread data for EUR/USD was not provided, but TMGM's transparency in reporting such data is crucial for evaluating overall costs. The Edge account stands out for those seeking a Sharia-compliant option, as interest-free accounts are available. TMGM shares the same 4-star rating for commissions and fees as Trading 212 but ranks higher at #35 among 62 brokers, indicating a more favorable position in the industry.
Both Trading 212 and TMGM offer investors unique advantages depending on their trading preferences. Trading 212 might appeal to those looking for simplicity in deposit requirements and basic zero-commission trading, albeit with higher spreads. TMGM, on the other hand, competes strongly with its low commission Edge account, offering detailed account options. Each broker suits different investment goals—traders should consider their priorities in terms of cost transparency and account features before making a decision.
| 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, both brokers offer simulated trading with free virtual demo accounts, making them great choices for beginners wanting to practice without financial risk. Trading 212 boasts a proprietary trading platform developed in-house, tailored to their service, while TMGM offers a more traditional route by providing a Windows-based desktop download platform and compatibility with popular third-party platforms like MetaTrader 4 and 5. Both platforms offer web-based trading, enhancing accessibility regardless of location or device.
For traders interested in additional tools, TMGM offers copy trading features, whereas Trading 212 does not. In terms of charting capabilities, Trading 212 provides more drawing tools with 20 options, compared to TMGM's 15. However, TMGM enhances watch list experience with seven columns compared to Trading 212's five. Both platforms allow users to trade directly from stock charts, an essential tool for active traders. Despite differences, both earned a solid four-star rating for their trading platforms and tools. However, Trading 212 ranks higher at #21 compared to TMGM’s #48 in the Trading Platforms and Tools category on ForexBrokers.com.
| 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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When it comes to mobile trading apps, both Trading 212 and TMGM cater to iPhone and Android users, making them accessible for a wide range of traders. They both offer essential features like stock and forex price alerts, multiple time frames for chart viewing, and the ability to draw trendlines directly on charts. However, Trading 212 stands out by providing watchlist symbol syncing, which allows users to seamlessly update watchlists between the mobile app and their online account—a feature TMGM lacks. For those who rely heavily on technical analysis, Trading 212 offers a significantly larger number of technical studies, with 104 compared to TMGM's 30.
Both apps have the capability to automatically save chart drawings and feature real-time quote watchlists, which enhance the trading experience by ensuring users have up-to-date information at their fingertips. Despite these functionalities and a shared rating of four stars, Trading 212 holds a higher ranking in the Mobile Trading Apps category with ForexBrokers.com, securing the 17th spot out of 62 brokers. In comparison, TMGM is positioned at 46th, suggesting that Trading 212 may offer a more comprehensive mobile trading experience for users seeking robust charting tools and effective syncing capabilities across devices.
| 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 |
| Range of Investments |
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| Commissions & Fees |
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| Platform & Tools |
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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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