Compare TMGM vs XM


Online brokers compared for fees, trading platforms, safety and more. See how TMGM stacks up against XM!

TMGM vs XM
overall rating
4.4
4.5
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Low stock CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Slim product portfolio
  • Limited research and educational tools
  • No negative balance protection
  • Limited product portfolio
  • Average forex and stock index CFD fees
  • No investor protection for non-EU clients
fees
4.6
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
  • Inactivity fee
3.8
  • No withdrawal fee
  • Low stock CFD fees
  • Inactivity fee
  • Average FX fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Minor currencies not accepted
5.0
  • Credit/Debit card available
  • Several account base currencies
  • Free wire withdrawal above $200
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Outdated design
  • Search function could be better
markets and products
1.9
  • Forex
  • CFD
  • Crypto
2.5
  • Forex
  • CFD
  • Real stocks for clients under Belize (IFSC)
research
4.0
  • Trading ideas
  • User-friendly
  • Good set of analytical tools
  • Good economic calendar
4.4
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
  • Phone support problematic
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
2.0
  • Demo account
  • Quality educational texts in its blog
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Regulated by the top-tier ASIC
  • Not listed on stock exchange
  • No investor protection by regulators
  • Negative balance protection
  • Regulated by the top-tier ASIC
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders who prefer the MetaTrader platform Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
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