FXCM vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 36 of 42 facts confirmed on the brokers’ own pages
FXCM has the higher TFB Score (77/100 vs 65/100). FXCM is regulated by FCA, ASIC, CySEC; TMGM by ASIC, VFSC, FSA. TFB Score: FXCM 77/100, TMGM 65/100.
FXCM operates through Stratos group entities including Stratos Markets Limited (FCA, UK), Stratos Trading Pty Ltd (ASIC, Australia) and Stratos Europe Limited (CySEC), offering Trading Station, MT4 and TradingView. FXCM UK now says new trading accounts are provided through Trade Nation.
67% 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 | FXCM | TMGM |
|---|---|---|
| TFB Score | 77/100â–² | 65/100 |
| Regulation & safety | 34/35â–²3 tier-1 regulators (FCA, ASIC, CySEC), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 15/25â–²Spreads not published (counted as neutral) | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 14/208 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 on major forex pairs for UK retail clients (Stratos Markets Limited) | 15/20â–²MT4, 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, CySEC | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | 50 currency units (PayPal deposits); no account-wide minimum published | $100 (EDGE and CLASSIC) |
| Commission | Zero Commissions (standard accounts; Active Trader accounts use commission-based pricing) | Not published |
| Max leverage | 30:1 on major forex pairs for UK retail clients (Stratos Markets Limited) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Debit/Credit card (up to the amount deposited by card), Wire | Not published |
| Retail accounts losing money | 67% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: FXCM review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is FXCM or TMGM better?
FXCM has the higher TFB Score (77/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are FXCM and TMGM regulated?
FXCM: FCA, ASIC, CySEC. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, FXCM or TMGM?
FXCM holds 3 tier-1 licences (FCA, ASIC and CySEC); 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 FXCM and TMGM?
FXCM: 50 currency units (PayPal deposits); no account-wide minimum published. TMGM: $100 (EDGE and CLASSIC).
Do FXCM and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4. FXCM: Trading Station, MetaTrader 4, TradingView. TMGM: MT4, MT5.
What is the maximum leverage at FXCM and TMGM?
FXCM: 30:1 on major forex pairs for UK retail clients (Stratos Markets Limited). 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 FXCM 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 FXCM, 67% 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