CMC Markets vs TMGM 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
CMC Markets has the higher TFB Score (75/100 vs 65/100). CMC Markets is regulated by FCA; TMGM by ASIC, VFSC, FSA. TFB Score: CMC Markets 75/100, TMGM 65/100.
CMC Markets UK plc is authorised and regulated by the FCA (FRN 173730) and offers spread bets and CFDs on its Next Generation platform, MT4 and TradingView.
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 | CMC Markets | TMGM |
|---|---|---|
| TFB Score | 75/100▲ | 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 | 17/25▲Spreads from 0 pips; commission not comparable in USD per lot | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 16/20▲Minimum deposit No minimum deposit to open an account, 3 deposit methods, 2 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 14/20MT4, TradingView; leverage up to 30:1 for retail traders (CMC Markets UK plc) | 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 | No minimum deposit to open an account | $100 (EDGE and CLASSIC) |
| Spreads from | 0.0 pips (FX Active account, six major pairs; standard CFD and spread bet accounts from 0.5 pips on major FX pairs) | Not published |
| Commission | A fixed commission at 0.0025% per transaction (FX Active account; standard CFD and spread bet accounts are spread only) | Not published |
| Max leverage | 30:1 for retail traders (CMC Markets UK plc) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Card, Registered bank account | 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: CMC Markets review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is CMC Markets or TMGM better?
CMC Markets has the higher TFB Score (75/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are CMC Markets and TMGM regulated?
CMC Markets: 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, CMC Markets or TMGM?
CMC Markets 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 CMC Markets and TMGM?
CMC Markets: No minimum deposit to open an account. TMGM: $100 (EDGE and CLASSIC).
Do CMC Markets and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4. CMC Markets: Next Generation, MetaTrader 4, TradingView. TMGM: MT4, MT5.
What is the maximum leverage at CMC Markets and TMGM?
CMC Markets: 30:1 for retail traders (CMC Markets UK plc). 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 CMC Markets 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 CMC Markets, 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