IG Group vs TMGM

IG vs TMGM Comparison Table 2024
IG	TMGM
Review 4.4	Review 3.4

Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.	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.
Customer Reviews
4 Based on 2 IG customer reviews
Bonus Offer
	Point-based loyalty system
Comment by Reviewer
"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."	"TMGM is a great all-round choice thanks to its huge range of assets, diverse account types and platform choices, plus competitive pricing."
Pros
IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met	Huge range of assets including 10,000 global stocks Well-regulated and reputable brand with a solid client base Excellent platform support with MetaTrader 4, MetaTrader 5 and IRESS Low trading fees with spreads from 1 pip on the classic account and from zero with $7 round-turn commissions on the raw spread account Good range of rewards and bonuses offered through a points-based loyalty system Accommodates new and time-poor traders with copy trading support from HUBx Free VPS for automated trading
Cons
Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients IG has discontinued its swap-free account, reducing its appeal to Islamic traders Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors	Shares are only available on the IRESS account, and not tradeable via MT4 and MT5 $30 fee levied monthly on accounts which are inactive for 6 months or have a balance below $500
Awards
Best Customer Service 2022 - Online Money Awards Best Spread Betting Provider 2022 - Online Money Awards Best Platform for the Active Trader 2022 - ADVFN International Financial Awards Best Multi Platform Provider 2022 - ADVFN International Financial Awards Best Finance App 2022 - ADVFN International Financial Awards
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
Web ProRealTime L2 Dealer MT4 AutoChartist TradingCentral	MT4 MT5 TradingView TradingCentral
Payment Methods
Credit Card Debit Card Mastercard PayPal Visa Wire Transfer	Alipay Credit Card Debit Card FasaPay Mastercard Neteller Skrill UnionPay Visa Wire Transfer
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
App Review
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. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.
Android App Rating
4
iOS App Rating
4.6
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
USD EUR GBP CAD AUD JPY ZAR SEK DKK CHF HKD SGD	USD EUR GBP CAD AUD NZD
Stock Exchanges
Australian Securities Exchange (ASX) Borsa Italiana Bombay Stock Exchange Deutsche Boerse Dow Jones Euronext Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange National Stock Exchange Of India Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Tadawul Toronto Stock Exchange Taiwan Stock Exchange	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange
Commodities
Aluminium Coffee Cannabis Copper Gold Iron Lithium Natural Gas Nickel Oil Orange Juice Palladium Precious Metals Silver Soybeans Steel Sugar Wheat	Gold Natural Gas Oil Platinum Silver
CFD Trading
IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to 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 an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD.	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.
GBPUSD Spread
0.9	1.4
EURUSD Spread
0.8	0.3
EURGBP Spread
0.9	0.2
Assets
80+	50+
Currency Indices
USD
Cryptocurrency
IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market.	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
BTC BCH LTC ETH ADA DOT DOGE LINK UNI XLM	BTC BCH ETH LTC XRP BNB DOT EOS LINK UNI XTZ XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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