IronFX vs TMGM 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
IronFX has the higher TFB Score (73/100 vs 65/100). IronFX is regulated by CySEC, FCA, BVI FSC; TMGM by ASIC, VFSC, FSA. TFB Score: IronFX 73/100, TMGM 65/100.
IronFX is a multi-entity CFD broker whose Cyprus entity Notesco Financial Services Limited is CySEC-licensed (125/10), offering MT4, WebTrader and copy/PAMM tools.
59.09% 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 | IronFX | TMGM |
|---|---|---|
| TFB Score | 73/100â–² | 65/100 |
| Regulation & safety | 32/35â–²2 tier-1 regulators (CySEC, FCA), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 16/25â–²Spreads from 0 pips; commission not comparable in USD per lot | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 15/20â–²5 deposit methods, 1 withdrawal method | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 10/20MT4 | 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 | CySEC, FCA, BVI FSC | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | Not published | $100 (EDGE and CLASSIC) |
| Spreads from | 0 pips (Raw ECN, with commission); 1.2 pips average on Standard accounts | Not published |
| Commission | No trading commissions (Absolute Zero STP/ECN account); other STP/ECN accounts charge commission | Not published |
| Max leverage | Not published | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Same method used to fund the account | Not published |
| Retail accounts losing money | 59.09% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: IronFX review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is IronFX or TMGM better?
IronFX has the higher TFB Score (73/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are IronFX and TMGM regulated?
IronFX: CySEC, FCA, BVI FSC. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, IronFX or TMGM?
IronFX holds 2 tier-1 licences (CySEC and FCA); TMGM holds 1 (ASIC). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
Do IronFX and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4. IronFX: MetaTrader 4, WebTrader, PAMM, TradeCopier. TMGM: MT4, MT5.
More IronFX 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 IronFX, 59.09% 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