FxPro vs TMGM Forex Broker Comparison
A head-to-head comparison of FxPro and TMGM across regulation, trading costs, platforms, and editorial scoring.
Multi-platform broker with FCA and CySEC regulation, offering all four major retail platforms and transparent raw ECN pricing.
VS
ASIC-regulated Australian broker with 10,000+ instruments including DMA equities, well-positioned for Asian traders who want Australian regulatory standards alongside a broad asset range.
Our Verdict
FxPro winsby 0.3 pts
FxPro edges ahead with a score of 4.3/5 vs TMGM's 4/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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 pips vs 1.2 pips for FxPro, reducing trading costs.
Best for safety & regulation
Recommended
FxPro has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for platform choice
Recommended
FxPro offers more exclusive platform options: cTrader, Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
FxPro edges out TMGM with a higher editorial score (4.3/5 vs 4/5), indicating a stronger overall experience for new traders.
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 |
Fees & Spreads 30% weight | 4.4 / 5▲ | 4.3 / 5 |
Platforms & Tools 20% weight | 4.2 / 5 | 4.2 / 5 |
Customer Support 10% weight | 4.0 / 5 | 4.1 / 5▲ |
| Founded | 2006 | 2013 |
| Headquarters | London, United Kingdom | Melbourne, Australia |
| Min deposit | $100 | $100 |
| Spreads from | 1.2 pips | 0 pips |
| Commission / lot | $7/lot | $7/lot |
| Max leverage | 500:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA FSCA CySEC | ASIC VFSC |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader Proprietary Web/Mobile | MetaTrader 4 MetaTrader 5 IRESS |
| Active bonuses | ||
| Visit broker | Visit FxPro | Visit TMGM |
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
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
10,000+ instruments including real equities via IRESS DMA
ASIC regulated - Tier 1 Australian investor protections
ECN Edge account: raw spreads from 0.0 pips at $7 commission
Strong multilingual support for Asian clients
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
Customer support can be slow during peak hours
FxPro Edge proprietary platform less feature-rich than MT4
Not available to US residents
Cons
$100 minimum deposit on standard accounts
Less brand recognition than IC Markets or Pepperstone in Australia
IRESS DMA platform requires separate setup
No investor compensation scheme
No proprietary platform
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
Based on our independent editorial scoring, FxPro ranks higher with a score of 4.3/5 vs 4/5 for TMGM. The best choice still depends on your individual trading needs; FxPro and TMGM may each suit different trader profiles.
TMGM offers tighter spreads starting from 0 pips, compared to FxPro's spreads from 1.2 pips. Tighter spreads lower the cost per trade, particularly valuable 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. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
FxPro offers maximum leverage of 500:1, while TMGM offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Both FxPro and TMGM charge the same commission of $7 per lot on applicable accounts.
FxPro supports MetaTrader 4, MetaTrader 5, cTrader, Proprietary Web/Mobile and TMGM offers MetaTrader 4, MetaTrader 5, IRESS; both support MetaTrader 4, MetaTrader 5; FxPro exclusively offers cTrader, Proprietary Web/Mobile; TMGM exclusively offers IRESS.
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