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TMGM vs IG : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
TMGM
IG
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
ECN
Years of Existence / Established Year
2013
1974
Customer Base / Number of Accounts
No information
313,000 customers
Regulation & Security
Regulations (governing bodies)
ASIC, VFSC and FSC
NFA CFTC FCA
Awards Won (count for the last 2 years)
Most Trusted Forex Broker 2024, Best Forex Trading Platform 2024, SkyLine Guide 2024 Award, Most Innovative Sports Sponsorship 2024, Brokersview Fastbull 2024 Award
Best Multi platform provider - ADVFN International Financial Awards 2024 Best Finance App - ADVFN International Financial Awards 2024 Best platform for active trader - ADVFN International Financial Awards 2022
Security Measures
Civil Liability Insurance program for a limit of $10,000,000
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
12,000 instruments including shares
17,000 + markets
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
No
Yes
Futures
Yes
Yes
Bonds
No
Yes
Mutual Funds
No
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
Yes
Precious Metals
Yes
Yes
Real Estate Investment Trusts (REITs)
No
Yes
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
Yes
MT5
Yes
No
cTrader
No
No
Social Trading
Yes
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
TMGM app
ProReal Time APIs L2 dealer
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Edge and classic account
Leveraged Accounts Spread betting account CFD accountNon-Leveraged Account Share dealing account ISA account IG smart portfolio account IG smart ISA portfolio account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$100
$50
Leverage Available
1:100 to 1:1000
200:1
Trade Limit (maximum per trade)
Depends on the assets type
Trade size vary on each asset
Commission (per account type)
Currency Pairs: $7 ; Precious Metals: $5
Starting from 0.1
Best Suited For (e.g., beginners, experienced traders)
Experienced traders
Beginners
Deposit & Withdrawal Options
Deposit Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Bank transfers Card FPS in Hong Kong dollars Funding on IG mobile app Wise
Withdrawal Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Card Bank transfer
Other E-Wallets Supported
Skrill, Neteller.SticPay, FasaPay, UnionPay
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Market analysis, Traders terminology, Trading tools
Trade analytics tools Seminars & webinars
Fees & Commissions
Trading-Related Fees
Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips
US shares 0 to 50 - commission free 50+ trades - $5Other shares Germany - 0.1% UK - 0.1% Ireland - 0.1%
Spread (typical, fixed, variable)
variable/floating spread
Variable
Per Lot Fees
NA
NA
Options Contract Fees
NA
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
Vary for each asset
Maximum Leverage
1:1000
200:1
Non-Trading Fees
Dormant Fees
$30 per month after 6 months of inactivity
$12/month after 24 months of no trading activity
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
$50
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
$0
Free for Wire & check deposits
Currency Conversion Fee
Charges not mentioned, May apply for non-USD deposits
0.5% - CFDs and share dealing accounts 0.7% - international shares
Withdrawal Fee
$0
Wire transfer - $25
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the assets type
Forex Monday 00:00 - Friday 22:00 GMT (International times may vary)UK shares (LSE): 08.00-16.30 (London time) US shares: 09.30-16.00 (New York time) European shares: vary on relevant exchanges
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24x5 support
Customer Support Methods (phone, email, live chat)
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Call +44 (20) 7633 5430 Email: [email protected] 10AM to 7PM whatsapp channel support (Monday to Friday)
Support Languages
15+
8
Additional Information
Headquarters Location
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
IG Cannon Bridge House 25 Dowgate Hill London EC4R 2YA
Complaints (for crypto brokers)
No
No
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