Interactive Brokers vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 39 of 44 facts confirmed on the brokers’ own pages
Interactive Brokers has the higher TFB Score (77/100 vs 65/100). Interactive Brokers is regulated by FCA, CBI, ASIC; TMGM by ASIC, VFSC, FSA. TFB Score: Interactive Brokers 77/100, TMGM 65/100.
Interactive Brokers is a multi-asset broker offering spot forex at interbank-style prices with a separate commission, through entities regulated in the US, UK, Ireland, Australia and Singapore.
58.9% 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 | Interactive Brokers | TMGM |
|---|---|---|
| TFB Score | 77/100▲ | 65/100 |
| Regulation & safety | 35/35▲6 tier-1 regulators (FCA, CBI, ASIC…), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 18/25▲Spreads from 0.1 pips; commission not comparable in USD per lot | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 16/20▲3 deposit methods, 4 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 8/20Trader Workstation (TWS), IBKR Mobile, Client Portal | 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, CBI, ASIC, MAS, CFTC / SEC, FSA Japan | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | No account minimums | $100 (EDGE and CLASSIC) |
| Spreads from | As narrow as 1/10 PIP (spot FX, no mark-up; commission charged separately) | Not published |
| Commission | 0.20 basis point * trade value (Tier I, up to USD 1 billion a month; falls to 0.08 bps at higher volume; minimum USD 2.00 per order) | Not published |
| Max leverage | Not published | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Bank wire, Check, ACH, SEPA | Not published |
| Retail accounts losing money | 58.9% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Interactive Brokers review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Interactive Brokers or TMGM better?
Interactive Brokers has the higher TFB Score (77/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are Interactive Brokers and TMGM regulated?
Interactive Brokers: FCA, CBI, ASIC, MAS, CFTC / SEC, FSA Japan. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, Interactive Brokers or TMGM?
Interactive Brokers holds 6 tier-1 licences (FCA, CBI, ASIC, MAS, CFTC/NFA and JFSA); 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 Interactive Brokers and TMGM?
Interactive Brokers: No account minimums. TMGM: $100 (EDGE and CLASSIC).
Do Interactive Brokers and TMGM offer MetaTrader and TradingView?
Interactive Brokers: Trader Workstation (TWS), IBKR Mobile, Client Portal. TMGM: MT4, MT5.
More Interactive Brokers 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 Interactive Brokers, 58.9% 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