IG vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 45 of 52 facts confirmed on the brokers’ own pages
IG has the higher TFB Score (92/100 vs 65/100). IG is regulated by FCA, ASIC, BaFin; TMGM by ASIC, VFSC, FSA. TFB Score: IG 92/100, TMGM 65/100.
IG Markets Ltd is authorised and regulated by the FCA (FRN 195355) and offers CFDs and spread bets on its own platform plus MT4, MT5, TradingView and ProRealTime.
80% 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 | IG | TMGM |
|---|---|---|
| TFB Score | 92/100▲ | 65/100 |
| Regulation & safety | 35/35▲4 tier-1 regulators (FCA, ASIC, BaFin…), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 22/25▲All-in cost from 0.60 pips, no commission | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 18/20▲Minimum deposit No minimum balance required to create a CFD trading account, 4 deposit methods, 2 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 17/20▲MT4, MT5, TradingView; leverage up to 30:1 on major forex pairs for retail clients (IG Markets Ltd, UK, 3.33% margin) | 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 | FCA, ASIC, BaFin, MAS, FSCA, FMA (NZ) | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | No minimum balance required to create a CFD trading account | $100 (EDGE and CLASSIC) |
| Spreads from | 0.6 pips EUR/USD (MT4, UK) | Not published |
| Commission | Commission-free on MT4 forex | Not published |
| Max leverage | 30:1 on major forex pairs for retail clients (IG Markets Ltd, UK, 3.33% margin) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Card/ApplePay, Bank transfer | Not published |
| Retail accounts losing money | 80% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: IG review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is IG or TMGM better?
IG has the higher TFB Score (92/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are IG and TMGM regulated?
IG: FCA, ASIC, BaFin, MAS, FSCA, FMA (NZ). TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, IG or TMGM?
IG holds 4 tier-1 licences (FCA, ASIC, BaFin and MAS); 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 IG and TMGM?
IG: No minimum balance required to create a CFD trading account. TMGM: $100 (EDGE and CLASSIC).
Do IG and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. IG: IG App, MetaTrader 4, MetaTrader 5, TradingView, ProRealTime, L2 Dealer. TMGM: MT4, MT5.
What is the maximum leverage at IG and TMGM?
IG: 30:1 on major forex pairs for retail clients (IG Markets Ltd, UK, 3.33% margin). 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 IG 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 IG, 80% 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