IG Group vs TMGM
IG Group Review 2023 | TMGM Review 2023 |
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4.4
IG Group is #3 in our CFD broker rankings. |
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3.4
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IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience. |
TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round. |
Forex trading involves risk. Losses can exceed deposits. | |
Bonus Offer | |
Point-based loyalty system | |
Comment by Reviewer | |
"IG offers a superb all-round package. Beginners will appreciate the user-friendly web platform and secure trading environment while established investors will rate the 17,000+ markets and top-tier market research." | "TMGM is a great all-round choice thanks to its huge range of assets, diverse account types and platform choices, plus competitive pricing." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $100 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | ASIC, FMA, VFSC |
Margin Trading | |
Yes | Yes |
Margin Rate | |
2.5% | |
STP Account | |
No | No |
ECN Account | |
No | Yes |
DMA Account | |
Yes | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
No | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
Yes | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | iOS & Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | Yes |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
Copy trading is available through HUBx, a service designed to help investors automatically mirror the positions of successful traders. This is ideal if you want hands-off access to popular financial markets. | |
Social Trading | |
No | No |
Trade Signals | |
Yes | MT4 Expert Advisors (EAs) |
VPS Hosting | |
Yes | Yes |
Tournaments | |
No | Yes |
Demo Competitions | |
No | No |
Ethical Investing | |
Yes | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$12 | |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
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Commodities | |
CFD Trading | |
IG offers an impressive suite of 17,000+ CFD instruments. Negative balance protection ensures accounts cannot drop below zero while custom price alerts and the IG Academy enhance the trading experience. | Trade CFDs on a broad range of asset classes including forex, energies, precious metals, company shares, indices and cryptos. The excellent trade execution and opportunity to trade with direct market access pricing sets this broker apart from rivals. |
Leverage | |
1:30 (Retail), 1:250 (Pro) | 1:500 |
FTSE Spread | |
1.0 | 4.0 |
GBPUSD Spread | |
0.9 | 1.4 |
Oil Spread | |
2.8 | 0.0 |
Stocks Spread | |
0.02 | Variable |
Forex Trading | |
IG offers currency trading on its award-winning web platform and mobile app. Comprehensive charts and forex analysis tools are also available through ProRealTime. | Trade 50+ forex pairs, including popular major, minor and exotic pairs. This is a decent selection, but traders will have a choice between the attractive MT4, MT5 or IRESS platforms and regulatory cover from ASIC. The VPS will also suit automated forex trading strategis. |
Forex App | |
IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks. |
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GBPUSD Spread | |
0.9 | 1.4 |
EURUSD Spread | |
0.8 | 0.3 |
EURGBP Spread | |
0.9 | 0.2 |
Assets | |
80+ | 50+ |
Currency Indices | |
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Cryptocurrency | |
11 popular cryptos are available, plus two crypto crosses. A crypto index is also offered, following the value of the top 10 digital currencies by market cap. All cryptos are available via CFDs. | Trade CFDs on 12 major cryptocurrencies including BTC and ETH in pairs with USD and with leverage up to 1:20. The dozen tokens on offer is very respectable for a CFD broker, though crypto traders looking for emerging tokens will prefer an exchange or dedicated crypto broker. |
Spread | |
Variable | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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Forex trading involves risk. Losses can exceed deposits. | |
More Comparisons | |
IG Group vs |
TMGM vs |