IC Markets vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 39 of 46 facts confirmed on the brokers’ own pages
IC Markets has the higher TFB Score (91/100 vs 65/100). IC Markets is regulated by FSA Seychelles, ASIC, CySEC; TMGM by ASIC, VFSC, FSA. TFB Score: IC Markets 91/100, TMGM 65/100.
IC Markets is a CFD broker offering MetaTrader 4, MetaTrader 5, cTrader and TradingView with Standard and Raw Spread accounts; its global site is operated by Raw Trading Ltd, licensed by the FSA Seychelles.
73.46% 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 | IC Markets | TMGM |
|---|---|---|
| TFB Score | 91/100â–² | 65/100 |
| Regulation & safety | 32/35â–²2 tier-1 regulators (ASIC, CySEC), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 24/25â–²All-in cost from 0.80 pips | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 17/20â–²Minimum deposit USD 200 (or currency equivalent; the help centre also says an account can be opened without any minimum), 9 deposit methods, 5 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 18/20â–²MT4, MT5, cTrader, TradingView; leverage up to 1:5000 (Raw Trading Ltd, IC Markets Global; lower on some instruments) | 15/20MT4, 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 | FSA Seychelles, ASIC, CySEC | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | USD 200 (or currency equivalent; the help centre also says an account can be opened without any minimum) | $100 (EDGE and CLASSIC) |
| Spreads from | 0.0 pips (Raw Spread); 0.8 pips (Standard) | Not published |
| Commission | USD 3.50 per lot per side (Raw Spread on MetaTrader, USD 7.0 round turn; cTrader and TradingView USD 3 per USD 100k; Standard no commission) | Not published |
| Max leverage | up to 1:5000 (Raw Trading Ltd, IC Markets Global; lower on some instruments) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | To original deposit method, Neteller, Skrill, PayPal, Bank wire (fee) | Not published |
| Retail accounts losing money | 73.46% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: IC Markets review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is IC Markets or TMGM better?
IC Markets has the higher TFB Score (91/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are IC Markets and TMGM regulated?
IC Markets: FSA Seychelles, 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, IC Markets or TMGM?
IC Markets holds 2 tier-1 licences (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 IC Markets and TMGM?
IC Markets: USD 200 (or currency equivalent; the help centre also says an account can be opened without any minimum). TMGM: $100 (EDGE and CLASSIC). TMGM asks for less to start.
Do IC Markets and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. IC Markets: MT4, MT5, cTrader, TradingView. TMGM: MT4, MT5.
What is the maximum leverage at IC Markets and TMGM?
IC Markets: up to 1:5000 (Raw Trading Ltd, IC Markets Global; lower on some instruments). 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 IC 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 IC Markets, 73.46% 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