Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
XM Group and TMGM are prominent online brokerages established in 2009 and 2013, respectively. Both companies are privately held and do not operate as banks. When evaluating their trust and regulatory standing, XM Group holds a significant advantage with four Tier-1 licenses and one Tier-2 license. This regulatory presence contributes to its trust score of 88 out of 99, classifying it as trusted by ForexBrokers.com.
In comparison, TMGM maintains two Tier-1 licenses but lacks Tier-2 licenses, leading to a trust score of 83, also placing it in the trusted category. Both brokers are committed to creating a secure trading environment for their clients, though XM Group's higher number of top-tier licenses and slightly higher trust score might appeal more to cautious investors looking for more reassurance regarding regulatory compliance.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Year Founded | 2009 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When evaluating online brokers, XM Group and TMGM both present interesting options for traders, but they differ in their approach to commissions and fees. XM Group's standard account is criticized for its high spreads, and the broker does not publish the average spreads for its commission-based XM Zero account, making it challenging for traders to assess overall trading costs transparently. Despite these drawbacks, XM Group has been rated 4 out of 5 stars for its commissions and fees and is ranked #33 out of 62 brokers by ForexBrokers.com in this category.
On the other hand, TMGM is noted for its competitive commission rates, especially with its Edge account, which combines low spreads with a small commission of $3.50 per side, totaling $7 per round trip. This account structure could be appealing for traders looking for detailed cost efficiency. However, recent average spread data for major currency pairs like EUR/USD is not available, which is a downside for some users. TMGM shares a similar 4 out of 5-star rating for commissions and fees but ranks slightly lower, at #36 among 62 brokers by ForexBrokers.com.
In terms of account customization, TMGM offers flexibility with its spread-only Classic account or the commission-based Edge account, the latter being a suitable choice for traders seeking lower trading costs. Additionally, TMGM provides Sharia-compliant Islamic accounts through its Edge account, unlike its Classic option. Both XM Group and TMGM have their pros and cons, making it essential for investors to consider their trading priorities and requirements.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | 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 XM Group and TMGM in terms of their range of investments, both offer forex trading as CFDs or spot contracts. XM Group provides traders with a selection of 1,394 tradeable symbols, while TMGM far exceeds this with a vast array of 12,000 symbols. However, when looking at forex pairs, TMGM has a slight edge by offering 62 pairs compared to XM Group's 55. Both brokers support copy trading, catering to investors interested in mirroring the trades of successful traders. Additionally, each offers cryptocurrency derivatives, but not actual cryptocurrency purchases.
In terms of exchange-traded securities, XM Group stands out by providing access to U.S. and international exchanges, allowing clients to buy shares like Apple's and Vodafone's directly. TMGM, however, does not offer this capability. Despite these differences, both brokers are rated 4.5 stars for their range of investments. Yet, in ForexBrokers.com's rankings, TMGM slightly surpasses XM Group, holding the 17th spot, while XM Group is ranked 23rd among 62 brokers.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 12000 |
| Forex Pairs (Total) | 55 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 XM Group and TMGM, you’ll find they share many similarities, both catering effectively to traders' needs. Both brokers provide a free virtual demo account, allowing newcomers to practice trading without risk. Neither XM Group nor TMGM has developed their own proprietary trading platform, but they both support the highly popular MetaTrader 4 and MetaTrader 5 platforms, making them suitable for traders who favor these industry-standard tools. Additionally, each broker offers a Windows-based desktop platform, a web-based (browser) trading platform, and supports copy trading. However, they do not offer platforms like DupliTrade or ZuluTrade.
For charting tools, XM Group and TMGM both offer 15 drawing tools and provide the ability to trade directly from a stock chart, enhancing the trading experience with intuitive functionality. Watchlists with seven columns (fields) are available with both, providing traders with a decent level of customization for monitoring different aspects of their trades. Despite these similarities, XM Group holds a slight edge in trading platforms and tools, with a ForexBrokers.com ranking of 31 out of 62 brokers, compared to TMGM’s 48. Both brokers receive a solid rating of four stars out of five – showcasing an overall commendable performance in this category.
| Feature |
XM Group
|
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 comparing the mobile trading apps of XM Group and TMGM, both brokers provide apps compatible with iPhone and Android devices, alongside important features like stock and forex price alerts. They also offer real-time quotes for creating watchlists, and each app supports up to 30 technical studies for chart analysis. However, while both apps allow users to draw trend lines and access multiple time frames on charts, TMGM stands out by automatically saving drawings, a feature XM Group lacks.
One noticeable distinction between the two is in watchlist management: XM Group excels by allowing watchlists to sync automatically with the client's online account, a feature TMGM does not offer. Despite both brokers receiving a 4-star rating for their mobile trading apps, XM Group ranks higher at #29 compared to TMGM's #47 in ForexBrokers.com's evaluation of 62 brokers. This higher ranking could reflect the additional features and syncing capabilities provided by XM Group's app.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing XM Group and TMGM for market research offerings, both brokers provide valuable resources to traders. XM Group and TMGM deliver daily market commentary and provide forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. They also offer technical analysis tools from Trading Central, as well as sentiment-based trading tools that display the ratio of long to short positions across various instruments. Moreover, each broker supplies an economic calendar to keep traders informed of important global economic events.
Where they differ, however, is in their additional research tools. TMGM offers tools from Acuity Trading, such as Signal Centre, which XM Group does not. Despite this, XM Group receives a higher research rating, with 5 out of 5 stars, while TMGM earns 3.5 stars. This difference is reflected in their rankings on ForexBrokers.com, where XM Group is ranked 8th out of 62 brokers for research, compared to TMGM's 53rd position. This suggests that while TMGM offers unique tools, XM Group is regarded as having a more comprehensive research offering overall.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 comparing the educational resources for beginners provided by XM Group and TMGM, it's clear that XM Group leads the way. XM Group offers a wide range of learning materials about forex and CFDs, including over 10 educational pieces such as articles and videos. They complement these resources with regular monthly webinars and maintain a searchable archive for their recorded sessions. XM Group also caters to various learning levels with beginner-friendly videos as well as advanced content for more experienced traders. While they lack a comprehensive investor dictionary, the overall educational package results in a top-notch rating of five stars and a commendable rank of seventh in the education category among 62 brokers.
Conversely, TMGM provides a more limited educational platform. Although they do offer an investor dictionary with definitions for investment terms, they fall short in other areas. TMGM does not reach the threshold of 10 educational pieces focused on forex and CFDs and does not provide regular online webinars for clients. Their educational video content is also lacking, both for beginners and experienced traders. While they maintain a searchable archive of recorded webinars, the limited scope of their educational offerings led to a modest rating of 3.5 stars and a ranking of 54th in the education category among the same set of brokers.
| Feature |
XM Group
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XM Group is better than TMGM. XM Group finished with an overall rank of #17, while TMGM finished with an overall rank of #37.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 83 |
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Both XM Group and TMGM provide the option to trade cryptocurrency derivatives, but neither offers the ability to purchase actual delivered cryptocurrency.
While both XM Group and TMGM do not support ACH or SEPA transfers, XM Group falls behind in digital payment options by not offering PayPal, which TMGM does; however, both platforms provide the convenience of Skrill, Visa or Mastercard, and bank wire transactions for depositing or withdrawing 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 | XM Group | TMGM | |
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| Trust Score | 88 | 83 | |
| Winner | check_circle | ||
| Review | XM Group Review | TMGM Review |
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| Regulation | XM Group | TMGM | |
|---|---|---|---|
| Trust Score | 88 | 83 | |
| Year Founded | 2009 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | 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) | No | 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) | XM Group | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 12000 | |
| Forex Pairs (Total) | 55 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | XM Group | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | TMGM | |
|---|---|---|---|
| Minimum Deposit | $5 | $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 | XM Group | 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 | XM Group | 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 | XM Group | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | 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) | No | Yes |
| Major Forex Pairs | XM Group | 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 | XM Group Review | TMGM Review |
| Overall | XM Group | TMGM | |
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| Trust Score | 88 | 83 | |
| Winner | check_circle | ||
| Review | XM Group Review | TMGM Review |
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