Interactive Brokers vs TMGM
Interactive Brokers or TMGM – which is better for UK traders 2025? Compare Interactive Brokers and TMGM in this detailed breakdown of their platforms, features and fees.
| Interactive Brokers | TMGM |
|---|---|
 |
 |
|
|
| Interactive Brokers is ranked #33 among CFD brokers. | TMGM is ranked #50 among CFD brokers. |
| Interactive Brokers (IBKR), a leading brokerage, offers access to 150 markets across 33 countries and provides extensive investment services. With more than 40 years of experience, this Nasdaq-listed company complies with strict regulations from the SEC, FCA, CIRO, and SFC. It is among the most reliable brokers worldwide for traders. | 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 | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| FCA Regulated | |
| Yes | No |
| Instruments | |
| Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $100 |
| Payment Methods | |
| Minimum Trade | |
| $100 | 0.01 Lots |
| Regulator | |
| FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | ASIC, FMA, VFSC |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. |
|
| iOS App Rating | |
|
|
|
| Android App Rating | |
|
|
|
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 1.55 - 2.59% | |
| 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 | |
| No | 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 | |
|
|
| Commodities | |
|
|
| 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 | |
| 1:50 | 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 vast range of over 100 forex pairs, including major, minor, and exotic currencies, outstripping most competitors except CMC Markets. Trading is available across multiple platforms with institutional-grade spreads beginning at 0.1 pips. There are also 20 sophisticated order types, such as brackets, scale, and one-cancels-all (OCA) orders, enhancing trading strategies. | 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 | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Interactive Brokers | TMGM |
| More Comparisons | |
|
Interactive Brokers vs |
TMGM vs |