Written by ForexBrokers.com
In this head to head comparison of XTB 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.
XTB, established in 2002, and TMGM, which started in 2013, are both reputable online brokers in the financial industry. XTB has earned a high Trust Score of 96 from ForexBrokers.com, indicating a highly trusted status. TMGM, on the other hand, holds a solid Trust Score of 83, falling into the trusted category. Both brokers are not banks, but XTB differs by being publicly traded, while TMGM is privately held.
Regarding regulatory compliance, XTB and TMGM each hold two Tier-1 licenses, marking them as highly trusted. XTB further strengthens its regulatory standing with two Tier-2 licenses, while TMGM does not hold any Tier-2 licenses. This difference is one of the key aspects contributing to the variance in their Trust Score ratings and reflects their differing approaches to regulatory coverage. These factors make XTB and TMGM both reliable choices, with particular distinctions in their regulatory profiles and public status.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Year Founded | 2002 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing XTB and TMGM for their commissions and fees, both brokers offer different account types that cater to varied trading preferences. XTB provides a spread-only Standard account and a commission-based Professional account, which is exclusively available to certain traders in the U.K. and Europe. XTB’s pricing is generally on par with industry standards, although it doesn't lead in terms of cost-effectiveness. The average forex spread for the EUR/USD with XTB's Standard account stood at 1 pip in Q4 2023. For retail forex traders, the Standard account is recommended due to its more accessible pricing structure and the phasing out of the Pro account. Additionally, active traders can benefit from XTB's Lower Spread Group, which offers spread rebates of up to 30% for high-volume traders.
TMGM, on the other hand, focuses on competitive commission rates particularly with its Edge account. While spread data like that for the EUR/USD wasn’t available, TMGM provides a commission-based Edge account which incurs a small charge of $3.50 per side. This account type is advantageous for traders seeking low spreads and no requotes. The Classic account is another option, but without commission costs, it relies solely on spread pricing. Traders looking for an interest-free platform in line with Islamic finance principles can opt for the swap-free Edge account.
In terms of ratings and rankings, XTB scores 4.5 out of 5 stars and is notably ranked 11th among 62 brokers by ForexBrokers.com for commissions and fees. TMGM is rated with 4 stars and holds a ranking of 35th. Both brokers present viable options depending on your trading volume and account needs, with XTB offering rebates for higher volume and TMGM providing clear, low-cost commission structures.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
XTB and TMGM both cater to forex traders with a strong suite of options, offering forex trading as contracts for difference (CFDs). XTB provides access to 71 tradeable forex pairs, slightly outperforming TMGM, which offers 62 pairs. When it comes to the breadth of tradeable symbols, TMGM holds a commanding lead, boasting 12,000 symbols compared to XTB's 7,184. However, XTB stands out by offering clients the opportunity to invest directly in U.S. and international exchange-listed securities, such as Apple and Vodafone shares, whereas TMGM doesn’t extend this feature.
For those interested in copy trading, TMGM offers this feature, while XTB does not. Both brokers provide the ability to trade cryptocurrency derivatives but lack the option to buy actual cryptocurrencies. XTB earns a near-perfect 5-star rating for its range of investment options and ranks 14th out of 62 brokers in this category, slightly ahead of TMGM, which garners a 4.5-star rating and ranks 17th. Despite the difference in specific offerings, both platforms provide a wide array of investments suitable for various trading strategies.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 12000 |
| Forex Pairs (Total) | 71 | 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 it comes to trading platforms and tools, both XTB and TMGM cater to the essential needs of traders, but with notable differences. XTB stands out by offering its own proprietary platform, giving users access to a unique trading experience tailored by the broker itself. It provides a comprehensive suite of platforms, including Windows-based desktop software and a web-based interface, making it versatile for traders across different devices. Additionally, XTB supports virtual demo accounts for risk-free practice and allows trading directly from stock charts. Enthusiasts of charting tools will appreciate the 32 drawing tools available, alongside a watch list feature that accommodates eight fields. These capabilities contribute to XTB’s impressive rating of 4.5 stars and a high ranking of #9 out of 62 brokers in the Trading Platforms and Tools category.
TMGM, on the other hand, embraces popular platforms like MetaTrader 4 and MetaTrader 5, appealing to traders who prefer these well-known systems. Like XTB, TMGM offers a Windows desktop platform and a web-based trading portal, ensuring traders have access regardless of their chosen device. Paper trading is also available, enabling users to refine their strategies before committing real funds. TMGM distinguishes itself with features like copy trading, allowing users to mimic successful trades, although it offers fewer drawing tools—15 compared to XTB's 32—and seven fields in its watch list functionality. Despite these constraints, TMGM garners a respectable 4-star rating, though its ranking is lower at #48, according to ForexBrokers.com.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | 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) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XTB and TMGM offer mobile trading apps that cater to iPhone and Android users, providing features that include stock or forex price alerts and the ability to draw trendlines on charts. However, neither app supports syncing watchlist symbols between a user's mobile app and their online account. XTB edges out TMGM in terms of charting capabilities, offering 39 technical studies compared to TMGM’s 30. Both apps allow viewing of multiple time frames and automatically save drawings on charts, ensuring a seamless experience for traders who work across different devices.
When it comes to creating watchlists with real-time quotes, both XTB and TMGM are on par, offering this feature on their mobile platforms. XTB, however, receives a higher overall rating of 4.5 stars for its mobile trading app, compared to TMGM's 4 stars. In ForexBrokers.com’s ranking of mobile trading apps among 62 brokers, XTB is positioned significantly higher at number 8, whereas TMGM falls to rank 46. This suggests that while both brokers provide solid mobile trading solutions, XTB offers a more highly rated and comprehensive experience according to user reviews and industry rankings.
| Feature |
XTB
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 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 XTB and TMGM for market research services, both brokers stand out by offering daily market commentary and access to forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. Both platforms provide tools that display sentiment data, helping traders gauge the market mood by presenting the ratio of long and short positions across currency pairs. Furthermore, each broker includes an economic calendar to track significant global news events. While neither offers content from TipRanks, TMGM provides additional resources from Acuity Trading, such as Signal Centre, and features tools from Trading Central, enhancing its research capabilities.
Despite this, XTB edges ahead in the overall research rating with five stars compared to TMGM's 3.5 stars. Moreover, in ratings by ForexBrokers.com among 62 brokers, XTB is ranked at number seven, while TMGM is positioned significantly lower at number 53. This higher ranking reflects XTB's comprehensive approach to research tools and information, offering traders a more well-rounded support system for their trading activities.
| Feature |
XTB
|
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) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing XTB and TMGM for educational resources aimed at beginners, XTB emerges as a comprehensive choice. XTB provides a wide range of educational materials, offering over 10 pieces that cover forex and CFDs through various articles, videos, and archived webinars. Moreover, XTB hosts at least one online client webinar every month and maintains a searchable archive of these recorded sessions, allowing newcomers to learn at their own pace. For those just starting in trading, XTB offers at least 10 beginner-oriented videos, ensuring that newcomers have ample material to get started. Additionally, XTB covers advanced topics, offering more than 10 videos tailored for experienced traders.
In contrast, TMGM's educational resources seem limited in some areas for beginners. Although TMGM provides a searchable archive of past webinars, it lacks the frequency of monthly webinars and extensive content to cover basic trading concepts. TMGM does, however, offer an investor dictionary with definitions for over 50 investing terms, which may be beneficial for some users. Overall, XTB is rated 5 stars for education and ranks significantly higher than TMGM in the education category by ForexBrokers.com, holding the 11th position compared to TMGM's 54th out of 62 brokers. This comparison highlights XTB as a preferred choice for beginners seeking quality educational resources.
| Feature |
XTB
|
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 XTB is better than TMGM. XTB finished with an overall rank of #7, while TMGM finished with an overall rank of #37.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 83 |
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Both XTB and TMGM do not provide the option to purchase actual (delivered) cryptocurrency; however, they both allow investors to buy cryptocurrency derivatives.
Both XTB and TMGM provide a range of deposit and withdrawal options, including PayPal, Skrill, Visa, Mastercard, and bank wires, but neither offers ACH or SEPA transfers.
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 | XTB | TMGM | |
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| Trust Score | 96 | 83 | |
| Winner | check_circle | ||
| Review | XTB Review | TMGM Review |
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| Regulation | XTB | TMGM | |
|---|---|---|---|
| Trust Score | 96 | 83 | |
| Year Founded | 2002 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | XTB | 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) | XTB | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 12000 | |
| Forex Pairs (Total) | 71 | 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 | XTB | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | XTB | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | 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 | XTB | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 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 | XTB | 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 | Yes | Yes |
| Education | XTB | 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 | XTB | 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 | XTB Review | TMGM Review |
| Overall | XTB | TMGM | |
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| Trust Score | 96 | 83 | |
| Winner | check_circle | ||
| Review | XTB Review | TMGM Review |
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