FxProvs
TMGMForex Broker Comparison
Two regulated brokers face off: FxPro bundles four platforms under FCA/CySEC oversight. TMGM runs ASIC regulation with broad instrument access.
Our Verdict
FxPro winsby 0.3 pts
FxPro edges TMGM on editorial score, due to stronger regulation and investor compensation scheme protection plus broader platform coverage.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FxPro provides a proprietary FxPro Edge platform; TMGM lacks one.
- 2FxPro offers investor compensation scheme protection.
- 3TMGM offers IRESS DMA access; FxPro does not.
Who should choose FxPro vs TMGM?
Find out which broker best suits your trader profile.
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
TMGM offers tighter spreads from 0.00 pips vs 1.20 pips for FxPro, reducing trading costs.
Best for safety & regulation
Recommended
FxPro vs TMGM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.3/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5▲ | 4.3 / 5 |
FxPro vs TMGM Forex Broker Pros & Cons
Pros
Supports all four major platforms: MT4, MT5, cTrader, and proprietary
Strong FCA and CySEC regulation
No dealing desk execution on raw accounts
Negative balance protection
Client funds held in segregated accounts
Investor compensation scheme coverage
FxPro vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FxPro
criteria wins
0
TMGM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FxPro | 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 | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | 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 | Pass | Pass |
FxPro vs TMGM: Frequently Asked Questions
The scores are close: FxPro rates 4.3/5 and TMGM rates 4/5. FxPro 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 FxPro's 1.2 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Both FxPro and TMGM require a minimum deposit of $100 to open a live trading account.
Both FxPro 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
FxPro lists maximum leverage of 500:1, 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.
Both FxPro and TMGM charge the same commission of $7 per lot on applicable accounts.
FxPro supports cTrader, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while TMGM supports IRESS, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. FxPro has exclusive access to cTrader and Proprietary Web/Mobile. TMGM has exclusive access to IRESS.
