City Index vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 34 of 41 facts confirmed on the brokers’ own pages
City Index has the higher TFB Score (81/100 vs 65/100). City Index is regulated by FCA; TMGM by ASIC, VFSC, FSA. TFB Score: City Index 81/100, TMGM 65/100.
City Index (now shown as StoneX Trading on its site) is a trading name of StoneX Financial Ltd, regulated by the FCA (446717), offering spread bets and CFDs on its Web Trader with TradingView charts and MT4.
68% of retail CFD accounts lose money with this provider.
TMGM is an Australian-founded CFD broker (since 2013) offering MetaTrader 4 and MetaTrader 5 with EDGE (spreads from 0.0 pips plus commission) and CLASSIC (spreads from 1.0 pips, no commission) accounts, operating through entities regulated by ASIC, the VFSC, the FSA Seychelles, the FSC Mauritius and the CMA Kenya.
Side by side
| Item | City Index | TMGM |
|---|---|---|
| TFB Score | 81/100▲ | 65/100 |
| Regulation & safety | 28/35▲1 tier-1 regulator (FCA), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 23/25▲All-in cost from 0.50 pips, no commission | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 19/20▲Minimum deposit £100 (MT4 account; card deposits £100 or equivalent, bank wire no minimum), 3 deposit methods, 3 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 11/20MT4, TradingView; leverage up to 30:1 default leverage (MT4 account, UK retail clients, StoneX Financial Ltd) | 15/20▲MT4, MT5; leverage up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FCA | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | £100 (MT4 account; card deposits £100 or equivalent, bank wire no minimum) | $100 (EDGE and CLASSIC) |
| Spreads from | 0.5 pts (MT4 account, variable, as low as 0.5pts; Standard account as low as 0.8pts) | Not published |
| Commission | None (MT4 account: none except shares markets; Standard account: none) | Not published |
| Max leverage | 30:1 default leverage (MT4 account, UK retail clients, StoneX Financial Ltd) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Debit card, Credit card, Bank transfer | Not published |
| Retail accounts losing money | 68% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: City Index review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is City Index or TMGM better?
City Index has the higher TFB Score (81/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are City Index and TMGM regulated?
City Index: FCA. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, City Index or TMGM?
City Index holds 1 tier-1 licence (FCA); TMGM holds 1 (ASIC). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
What is the minimum deposit at City Index and TMGM?
City Index: £100 (MT4 account; card deposits £100 or equivalent, bank wire no minimum). TMGM: $100 (EDGE and CLASSIC).
Do City Index and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4. City Index: City Index Web Trader (TradingView charts), MetaTrader 4, TradingView. TMGM: MT4, MT5.
What is the maximum leverage at City Index and TMGM?
City Index: 30:1 default leverage (MT4 account, UK retail clients, StoneX Financial Ltd). TMGM: up to 1:1000 (international entities; 1:30 for the Australian entity). Leverage depends on the company that opens your account and on your country.
More City Index comparisons
More TMGM comparisons
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. At City Index, 68% of retail investor accounts lose money when trading CFDs with that provider. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning