TMS Brokers vs IG Group

TMS Brokers vs IG Group Comparison Table 2023
TMS Brokers IG Group
2.8
4.4

IG Group is #3 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

TMS Brokers is a leading European brokerage that offers affordable leveraged trading on forex, indices, stocks, ETFs, commodities and crypto through the popular MetaTrader 5 as well as a proprietary platform. The award-winning brand has over 20 years in the financial markets with modern trading tools and rich market analysis.

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.

Forex trading involves risk. Losses can exceed deposits.
Comment by Reviewer
"TMS Brokers is a good pick for investors seeking commission-free trading, especially on a wide selection of stocks. The rich education center and zero minimum deposit will appeal to newer traders, in particular." "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."
Pros
  • Regulated by Poland's KNF and a member of the Polish Compensation Scheme
  • Choice of MetaTrader 5 or proprietary platform
  • Transparent fees with spreads from 1 pip
  • Pro account with perks
  • Demo account available
  • Award-winning brand
  • IG is an LSE-listed company with a transparent financial history and a great track record
  • Over 17,000 assets are available spanning stocks, forex, commodities, baskets, futures, options and more
  • IG offers great educational materials including an extensive library of training and support on how to day trade successfully
  • Users have access to a comprehensive range of charts, market news, client sentiment data, and analysis tools
  • Share dealing and ISAs are available for longer term investing
  • Opening an account takes less than 5 minutes
  • 24/5 customer support is available
Cons
  • Financial education tools are very limited for English speaking customers
  • Connect Professional account fees and rates are not as transparent
  • Weak support for non-Polish speakers
  • Average investment offering
  • Low leverage of 1:20
  • Inactivity charge
  • No copy trading platform
Awards
  • Best FX Broker 2020 - Invest Cuffs
  • Forecast Accuracy Ranking Q1 2019 - Bloomberg
  • 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
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Trading Platforms
  • MT5
  • MT4
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
Polish Financial Supervision Authority (KNF) FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
Margin Trading
No Yes
Margin Rate
2.5%
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$12
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • DKK
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on a wide range of markets including stocks, indices, commodities and ETFs with variable spreads. The mobile app is reliable and the MT5 platform is an excellent option for active, multi-asset traders. 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.
Leverage
1:20 1:30 (Retail), 1:250 (Pro)
FTSE Spread
2.5 1.0
GBPUSD Spread
1.3 0.9
Oil Spread
0.04 2.8
Stocks Spread
Variable 0.02
Forex Trading
42 forex pairs can be traded with a maximum 1:20 leverage. Traders benefit from zero-commission trading and average spreads starting from 1 pip, which are reasonable though not the lowest we have seen. IG offers currency trading on its award-winning web platform and mobile app. Comprehensive charts and forex analysis tools are also available through ProRealTime.
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
1.3 0.9
EURUSD Spread
1.0 0.8
EURGBP Spread
1.0 0.9
Assets
42 80+
Currency Indices
  • USD
Cryptocurrency
18 cryptocurrency CFDs are available, including Bitcoin, Ethereum and various altcoins, with maximum 1:2 leverage. On the negative side, the selection of digital currencies is limited vs alternatives we have tested. 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.
Spread
Floating Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • BCH
  • LTC
  • ETH
  • ADA
  • DOT
  • DOGE
  • LINK
  • UNI
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Forex trading involves risk. Losses can exceed deposits.
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