IC Marketsvs
TMGMForex Broker Comparison
In this head-to-head, IC Markets and TMGM battle over regulation standing, pricing transparency, and platform ecosystems. The tilt hinges on regulatory protections, costs, and platform breadth.
Our Verdict
IC Markets winsClear Winner
IC Markets edges TMGM on the editorial score, reflecting stronger overall ratings and broader platform coverage (MT4/MT5/cTrader).
IC Markets
4.7/5
TMGM
4.0/5
Key Differences
- 1IC Markets offers a compensation scheme; TMGM does not.
- 2TMGM lists 12,000+ instruments; IC Markets lists 2,200.
- 3IC Markets supports cTrader while TMGM uses IRESS DMA.
Who should choose IC Markets vs TMGM?
Find out which broker best suits your trader profile.
Choose IC Markets if…
Choose IC Markets if you want true ECN routing with raw 0 pip majors and a broad platform stack.
Choose TMGM if…
Choose TMGM if you prefer DMA equities via IRESS and a large instrument universe with raw spreads.
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
It’s a tie
Both equally suited
Both brokers offer spreads from 0.00 pips.
Best for safety & regulation
Recommended
IC Markets vs TMGM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.7/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.3 / 5 |
IC Markets vs TMGM Forex Broker Pros & Cons
Pros
True ECN routing with raw 0.0 pip spreads
All three major platforms (MT4, MT5, cTrader)
Deep liquidity from 25+ tier-1 sources
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
IC Markets vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
IC Markets
criteria win
0
TMGM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | IC Markets | 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 | Fail | 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 |
IC Markets vs TMGM: Frequently Asked Questions
IC Markets rates 4.7/5 versus 4/5 for TMGM. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both IC Markets and TMGM start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
TMGM has $100, while IC Markets requires at least $200. This makes TMGM more accessible for traders with limited starting capital.
Both IC Markets 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: TMGM requires a lower minimum deposit ($100), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
IC Markets 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 IC Markets and TMGM charge the same commission of $7 per lot on applicable accounts.
IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4, while TMGM supports IRESS, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. IC Markets has exclusive access to cTrader and TradingView. TMGM has exclusive access to IRESS.
