City Indexvs
TMGMForex Broker Comparison
Two brokers clash on regulation, costs and platforms. City Index leans on strong oversight and a broad toolset, TMGM highlights raw spreads and DMA access.
Who should choose City Index vs TMGM?
Find out which broker best suits your trader profile.
Choose if…
Choose City Index if you value an investor compensation scheme, a proprietary platform, and broad instrument coverage.
Choose if…
Choose TMGM if you want raw spreads with DMA access and multilingual Asian support.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
City Index vs TMGM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.3 / 5 |
City Index vs TMGM Forex Broker Pros & Cons
Pros
FCA-regulated since 1983, backed by Nasdaq-listed StoneX Group
13,500+ markets including UK spread betting
TradingView integration for chart-based order execution
EUR/USD from 0.5 pips, competitive for a spread-only desk
FSCS protection up to GBP 85,000 for UK clients
City Index vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
City Index
criteria wins
3
TMGM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | City Index | TMGM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Fail | Pass |
City Index vs TMGM: Frequently Asked Questions
The scores are close: City Index rates 4.2/5 and TMGM rates 4/5. City Index has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
TMGM starts from 0 pips, tighter than City Index's 0.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
City Index has no minimum deposit, while TMGM requires at least $100. This makes City Index more accessible for traders with limited starting capital.
Both City Index and TMGM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: City Index has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
City Index lists maximum leverage of 30:1, while TMGM lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
TMGM charges $7 per lot on commission-based accounts. Commission details for City Index are not currently available. Check their website for up-to-date pricing.
City Index supports Proprietary Web/Mobile, TradingView, MetaTrader 4, while TMGM supports IRESS, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 4. City Index has exclusive access to Proprietary Web/Mobile and TradingView. TMGM has exclusive access to IRESS and MetaTrader 5.
