Interactive Brokers vs TMGM

Interactive Brokers or TMGM – which is better for UK traders 2026? Compare Interactive Brokers and TMGM in this detailed breakdown of their platforms, features and fees.

Interactive Brokers vs TMGM Comparison Table 2026
Interactive Brokers TMGM
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4.3
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3.4
Interactive Brokers is ranked #4 among CFD brokers. TMGM is ranked #39 among CFD brokers.
Review
Review
Interactive Brokers (IBKR) stands as a leading brokerage, offering access to 170+ markets in 40 nations alongside extensive investment services. With 40+ years in finance, this Nasdaq-listed entity complies with regulations from the SEC, FCA, CIRO, and SFC, ensuring global trustworthiness in trading. TMGM, an ASIC-regulated broker, offers a broad selection of tradeable assets, including forex, stocks, indices, cryptocurrencies, and commodities. Traders can choose between account options that feature either no commission or zero spreads, ensuring competitive pricing throughout.
Pros
  • IBKR is a highly respected brokerage, regulated by top-tier authorities, ensuring the integrity and security of your trading account.
  • Interactive Brokers has introduced a single platform linking prediction markets on Kalshi, CME Group, and ForecastEx. Users can trade yes/no contracts on political, economic, and climate events, with fixed $1 payouts. Enjoy 24/6 market access and earn interest on eligible positions.
  • The TWS platform is tailored for intermediate and advanced traders, featuring over 100 order types and a dependable real-time market data feed with exceptional uptime.
  • DayTrading.com awarded Interactive Brokers 'Best US Broker' for 2025, highlighting its dedication to US traders, extremely low margin rates, and affordable global market access.
  • The new IBKR Desktop platform combines the top features of TWS with customised tools such as Option Lattice and MultiSort Screeners, providing an impressive trading experience for traders of all skill levels.
  • A wide range of third-party research subscriptions, both free and paid, are available for traders. Additionally, by subscribing to Toggle AI, traders can receive commission rebates from IBKR.
  • IBKR consistently offers unparalleled access to global equities, with thousands of shares available across over 100 market centres in 24 countries, including the recently added Saudi Stock Exchange.
  • While initially targeting seasoned traders, IBKR has recently widened its appeal by eliminating its $10,000 minimum deposit requirement.
  • IBKR offers an economical environment for traders, featuring low commissions, narrow spreads, and a clear fee structure.
  • Vast array of assets, featuring 10,000 international stocks.
  • A well-regulated and trustworthy brand with a strong client base.
  • Robust platform integration with MetaTrader 4, MetaTrader 5, and IRESS.
  • Low trading fees feature spreads starting from 1 pip on the classic account. For the raw spread account, enjoy zero spreads paired with a $7 round-turn commission.
  • A variety of rewards and bonuses available through a points-based loyalty programme.
  • Caters to new and time-constrained traders by offering copy trading support through HUBx.
  • Complimentary VPS for algorithmic trading.
Cons
  • The learning curve for TWS is quite steep, making it tough for novice traders to navigate and grasp all its features. In contrast, Plus500's web platform is far more accessible for those new to trading.
  • IBKR offers a variety of research tools, but their inconsistent placement across trading platforms and the 'Account Management' webpage creates a confusing experience for users.
  • Support can be sluggish and frustrating. Tests reveal that you may face challenges reaching customer service quickly, which could result in delays in issue resolution.
  • You are limited to a single active session per account, meaning you cannot use both your desktop programme and mobile app at the same time. This restriction can occasionally lead to a frustrating experience for traders.
  • In 2025, IBKR was fined $11.8m by the US OFAC for operating in sanctioned areas. That same year, FINRA imposed a $125k fine for lapses in municipal bond disclosure.
  • Shares can be traded exclusively through the IRESS account. They are not accessible via MT4 or MT5 platforms.
  • A £30 monthly fee is charged on accounts inactive for six months or with balances under £500.
Awards
  • Best US Broker 2025 - DayTrading.com
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Payment Methods
Minimum Trade
$100 0.01 Lots
Regulator
SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS ASIC, FMA, VFSC, CMA-Kenya
Mobile Apps
iOS & Android iOS & Android
Trading App
The IBKR Mobile app, for iOS and Android, transforms your phone into a robust portal to access your IBKR accounts. It allows users to monitor portfolios, execute trades, view real-time quotes and charts, and manage account activities seamlessly. With its intuitive design, the app is particularly user-friendly for novices, offering a simpler experience compared to the advanced TWS platform.
iOS App Rating
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4.3
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4.7
Android App Rating
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4.5
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4.6
Margin Trading
Yes Yes
Margin Rate
0.50% – 1.50% (IBKR Pro markup), 2.50% (IBKR Lite markup)
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
Yes No
OmniTrader
Yes No
TradingView
Yes Yes
Autochartist
No No
eSignal
Yes No
Trading Central
Yes Yes
STP Account
Yes No
ECN Account
No Yes
DMA Account
Yes Yes
MAM Account
Yes Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
Yes No
AI / Machine Learning
Yes No
Robo Advisor
Yes No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Capitalise.ai, TWS API Yes
Copy Trading
No Yes
Copy Trading Platform
HUBx offers copy trading, enabling investors to automatically replicate the strategies of successful traders. This is perfect for those seeking effortless entry into prominent financial markets.
Social Trading
No No
Trade Signals
MT4 Expert Advisors (EAs)
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • AED
  • HUF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
Commodities
  • Gold
  • Zinc
  • Aluminium
  • Natural Gas
  • Soybeans
  • Lead
  • Precious Metals
  • Lean Hogs
  • Silver
  • Oil
  • Gold
  • Platinum
  • Natural Gas
CFD
The platform provides access to over 8,000 CFDs across stocks, indices, forex, and commodities. Suited for experienced traders, the TWS platform includes more than 100 order types and algorithms. It also delivers top-tier market data from trusted sources like Reuters and Dow Jones. Engage in trading across a diverse array of asset classes, including forex, energies, precious metals, company shares, indices, and cryptocurrencies. This broker stands out due to its superior execution and the chance to trade using direct market access pricing.
Leverage
1:30 1:500
FTSE Spread
0.005% (£1 Min) 4.0
GBPUSD Spread<
0.08-0.20 bps x trade value 1.4
Oil Spread
0.25-0.85 0.0
Stocks Spread
0.003 Variable
Forex
IBKR offers a wide selection of more than 100 forex pairs, including major, minor, and exotic options, exceeding most competitors except CMC Markets. Trading takes place across various platforms with institutional-quality spreads from 0.1 pips. It supports over 100 advanced order types like brackets, scale, and OCA orders. Trade over 50 forex pairs, encompassing major, minor, and exotic categories. While this selection is satisfactory, traders can opt for the appealing MT4, MT5, or IRESS platforms. With regulatory oversight from ASIC, security is ensured. The VPS is ideal for those employing automated trading strategies.
Assets
100+ 50+
GBPUSD Spread
0.08-0.20 bps x trade value 1.4
EURUSD Spread
0.08-0.20 bps x trade value 0.3
EURGBP Spread
0.08-0.20 bps x trade value 0.2
Cryptocurrency
IBKR offers access to Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at attractive commission rates without the need for a crypto wallet. Furthermore, traders can explore a variety of assets, including crypto indices like the NYSE Bitcoin Index, and futures contracts such as BAKKT Bitcoin Futures. Engage in trading CFDs on 12 leading cryptocurrencies, such as BTC and ETH, paired with USD and leveraged up to 1:20. For a CFD broker, offering a dozen tokens is commendable. However, traders seeking emerging tokens might favour an exchange or specialised crypto broker.
Spread
0.12%-0.18% Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • DOT
  • EOS
  • LINK
  • UNI
  • XTZ
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Interactive Brokers TMGM
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