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TMGM vs easyMarkets 2023

BrokerNotes.co

Written by BrokerNotes.co

January 31, 2023

Trying to decide between TMGM and easyMarkets? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, TMGM ranks more highly than easyMarkets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingTMGMeasyMarkets
Overall Rating 7.8 / 10 7.3 / 10
Account TypeTMGMeasyMarkets
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account Yes Yes
Copy TradingTMGMeasyMarkets
Social Trading / Copy Trading Yes Yes
DupliTrade No No
ZuluTrade No No
CryptocurrencyTMGMeasyMarkets
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)TMGMeasyMarkets
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)TMGMeasyMarkets
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsTMGMeasyMarkets
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals No Yes
ETF No No
U.S. Stocks (CFD) Yes Yes
Trading PlatformsTMGMeasyMarkets
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) No No
Regulatory LicensesTMGMeasyMarkets
Tier-1 Licenses 2 1
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) No No
SFC Authorised (Hong Kong) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) No No
Tier-2 Licenses 0 1
Tier-3 Licenses 1 1
Research, EducationTMGMeasyMarkets
Trading Central (Recognia) Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) Yes Yes
Videos - Beginner Trading Videos No No
Client Webinars (Archived) Yes No
Trading CostsTMGMeasyMarkets
Minimum Initial Deposit $100 $100
Average Spread EUR/USD - Standard 0.96 (July 2021) 0.9 (as of Mar 2020)
All-in Cost EUR/USD - Active 0.76 (July 2021) 0.9 (as of Mar 2020)
Active Trader or VIP Discounts Yes Yes
Bank Wire (Deposit/Withdraw) Yes No
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) No No
Trading ToolsTMGMeasyMarkets
Watchlists - Total Fields 7 6
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 30 (default MT4)
Mobile Charting - Indicators / Studies 30 81
Trust FactorsTMGMeasyMarkets
Year Founded 2013 2001
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info Yes info
Trust Score 79 84
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TMGM vs easyMarkets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare TMGM vs easyMarkets.

Can I trust TMGM?

TMGM has a trust score of 79, giving it a "Average Risk" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust easyMarkets?

easyMarkets has a trust score of 84, giving it a "Trusted" trust label.

Is TMGM a good broker?

TMGM is predominantly a MetaTrader broker, offering an excellent array of educational material – albeit with fewer symbols than what's available on its IRESS platform offering. Overall, TMGM has a well-rounded offering yet lags behind the best brokers in key categories.

Is easyMarkets a good broker?

easyMarkets provides a trading platform suite that is optimized for ease of use, and features a variety of trading and risk-management tools which are especially helpful for beginners. That said, easyMarkets' pricing is higher than the industry average, and its research materials and range of available symbols are limited compared to the best brokers.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. TMGM is ASIC Authorised (Australia) and FMA Authorised (New Zealand), while easyMarkets is ASIC Authorised (Australia)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FINMA Authorised (Switzerland), FCA Authorised (U.K.) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, TMGM is none, while easyMarkets is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses TMGM is VFSC Authorised (Vanuatu), while easyMarkets is FSC Authorised (British Virgin Islands)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), CIMA Authorised (Cayman Islands) and FSC Authorised (Mauritius).

Which broker offers more trading platforms?

Both TMGM and easyMarkets offer a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does TMGM offer MetaTrader? Does easyMarkets offer MetaTrader?

Both TMGM and easyMarkets offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4., neither have MetaTrader 5 (MT5)

How do TMGM and easyMarkets differ in terms of minimum deposit? What about average spreads and funding options?

TMGM requires a minimum deposit of $100, while easyMarkets requires a minimum deposit of $100. From our testing we found TMGM offers spreads of 0.96 (July 2021), while easyMarkets offers spreads of 0.9 (as of Mar 2020). TMGM supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where easyMarkets supports Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, TMGM or easyMarkets?

TMGM offers a more diverse selection of investment options than easyMarkets allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD)., neither have Spread Betting and ETF Looking at total tradeable symbols, TMGM has 12000, compared to 199 from easyMarkets.

Can I trade cryptocurrency with TMGM or easyMarkets?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither TMGM nor easyMarkets allow you to trade physical cryptocurrencies.

Who offers more research tools, TMGM or easyMarkets?

Both TMGM and easyMarkets offer a complete suite of research, providing traders with these tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading., neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

TMGM Review

a href="/reviews/easymarkets">easyMarkets Review

Overall winner: TMGM

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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