Written by ForexBrokers.com
In this head to head comparison of Fineco vs TMGM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.
Fineco and TMGM are both online brokers with distinct differences in their founding, public presence, and regulatory standings. Established in 1999, Fineco is not only a broker but also operates as a bank and is publicly traded, which can enhance its transparency and credibility. With a high Trust Score of 94 out of 99 on ForexBrokers.com, Fineco is considered highly trusted, holding two Tier-1 licenses that further reinforce its reliability in the financial market.
On the other hand, TMGM was founded in 2013 and does not share the same banking status or public trading listing as Fineco, which may affect investor confidence differently. TMGM also holds two Tier-1 licenses, which ensures a high level of trust. However, its Trust Score is 83, marking it as a trusted broker but with slightly higher perceived risk compared to Fineco. Both brokers do not hold any Tier-2 licenses, indicating a direct reliance on their Tier-1 regulatory benchmarks.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Year Founded | 1999 | 2013 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commissions and fees of Fineco and TMGM, there are notable differences. Fineco does not provide specific average spread data for its forex and CFD trading, which makes it challenging to gauge its actual trading expenses. However, it mentions a spread of 1 pip for the EUR/USD, which is higher than many other forex brokers. Another spread listed is 0.8 pips, but neither of these has an average value or date range, leaving some ambiguity. Fineco does, however, seem to offer more competitive spreads on its index CFDs. Fineco is rated 3.5 stars for commissions and fees and ranked #51 out of 63 brokers by ForexBrokers.com.
In contrast, TMGM provides a more transparent fee structure. With its Edge account, the broker offers low spreads and a competitive commission rate of $3.50 per side ($7 per round trip), without additional requotes. Although average spread data for the EUR/USD was not available, TMGM’s overall cost structure appears beneficial for traders who prefer clarity and lower costs. For those opting for interest-free trading according to Islamic finance principles, only the Edge account is available, as the Classic account does not offer swap-free options. TMGM holds a 4-star rating for commissions and fees, and is ranked #36 out of 63 brokers by ForexBrokers.com.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When comparing Fineco and TMGM, both platforms offer an impressive array of investment opportunities but cater to slightly different needs. Fineco provides access to 9,770 tradeable symbols, including 54 forex pairs, along with the ability to trade exchange-traded securities on both U.S. and international exchanges. This means clients can directly invest in popular stocks like Apple or Vodafone. However, Fineco does not support copy trading or trading in cryptocurrency or cryptocurrency derivatives, appealing primarily to investors looking for straightforward stock and forex trading.
In contrast, TMGM stands out by offering a larger pool of 12,000 tradeable symbols and 62 forex pairs. While it does not offer exchange-traded securities on U.S. or international markets, it distinguishes itself by supporting copy trading and the trading of cryptocurrency derivatives, which might attract more speculative investors interested in innovative trading practices. Both Fineco and TMGM share a commendable rating of 4.5 stars for their range of investments, demonstrating their competitiveness, with Fineco slightly edging out TMGM in ranking at 16th compared to 17th according to ForexBrokers.com.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 12000 |
| Forex Pairs (Total) | 54 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by Fineco and TMGM, one can appreciate the unique strengths of each broker. Fineco provides a proprietary platform developed in-house, which is accessible through a Windows-based desktop download and a web-based interface, catering to traders who prefer a dedicated trading environment. However, Fineco does not support popular platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), and it lacks a simulated trading feature with a virtual demo account, which could be a downside for new traders looking to practice without financial risk. Fineco also does not offer copy trading or features such as trading directly from stock charts, but it does provide a selection of 7 drawing tools for charting enthusiasts.
TMGM, on the other hand, appeals to traders seeking flexibility and a variety of options, as it offers both MetaTrader 4 and 5, known for their comprehensive trading capabilities. Unlike Fineco, TMGM allows for simulated trading with a free virtual demo account, which is highly beneficial for those starting out. TMGM also enables trading directly from stock charts and includes the option for copy trading, granting traders diverse approaches to market engagement. While TMGM does not have a proprietary platform, it ensures availability with both a Windows-based desktop platform and a web-based platform for broader accessibility. With 15 drawing tools and 7 fields for watch lists, TMGM provides traders with ample resources to tailor their trading experience, despite being ranked lower than Fineco in the Trading Platforms and Tools category by ForexBrokers.com.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Fineco and TMGM offer platforms for iPhone and Android users, catering to a broad audience of mobile traders. Both platforms provide stock and forex price alerts, ensuring investors are always in the loop with market movements. However, neither Fineco nor TMGM includes watchlist symbol syncing across devices, which could be a consideration for those who frequently switch between devices. Fineco's app integrates six technical studies for chart analysis, whereas TMGM stands out with an impressive 30 studies, providing traders with more comprehensive analytical tools.
Drawing trendlines is possible in TMGM's app but not in Fineco's, which might be an important feature for technical analysts. Both platforms support viewing multiple time frames, essential for traders looking to analyze price movements at different intervals. TMGM also offers the convenience of auto-saving chart drawings and creating watchlists with real-time quotes, features absent in Fineco's app. Despite these differences, both apps are rated 4 stars for mobile trading capabilities. When ranked among 63 brokers by ForexBrokers.com, Fineco holds the #42 position, slightly ahead of TMGM, which ranks at #47.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Fineco and TMGM for market research, each platform offers distinct advantages. Fineco scores higher in research overall, with a 4.0-star rating, ranking it 33rd among 63 brokers. It provides forex news from leading sources such as Bloomberg and Reuters, offering an economic calendar that displays global news events. However, Fineco does not provide daily market commentary, unlike TMGM, and lacks advanced research tools from firms like Autochartist and Trading Central.
On the other hand, TMGM offers a 3.5-star research rating, ranked 53rd, but it excels in providing daily market commentary. TMGM includes unique features such as sentiment-based trading tools and research tools from Acuity Trading, which are not available with Fineco. While both brokers supply forex news from top-tier sources and offer comprehensive economic calendars, traders seeking advanced analysis may find TMGM’s suite of research tools more appealing despite its lower overall research ranking.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to providing educational resources for beginners, Fineco edges out TMGM in several important areas. While neither Fineco nor TMGM offers a minimum of 10 comprehensive educational pieces specifically focused on forex or CFDs, Fineco does provide valuable monthly webinars that help new traders understand market dynamics. On the other hand, TMGM falls short by not offering these regular educational webinars, but it compensates by providing a searchable archive of past webinars, a resource Fineco lacks.
Both brokers include an investor dictionary with definitions of over 50 investing terms to help users familiarize themselves with essential jargon. Fineco enhances its offering with over 10 trading videos specifically tailored for beginners, a feature TMGM does not match. In terms of their educational ratings, Fineco scores 4.0 out of 5 stars, slightly higher than TMGM's 3.5 stars, reflecting its stronger educational support for those new to trading. In rankings among 63 brokers by ForexBrokers.com, Fineco is placed at #49, while TMGM ranks slightly lower at #54.
| Feature |
Fineco
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than TMGM. Fineco finished with an overall rank of #25, while TMGM finished with an overall rank of #37.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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TMGM
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 83 |
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While Fineco does not allow users to buy actual or derivative cryptocurrencies, TMGM provides the option to purchase cryptocurrency derivatives, but neither platform offers the ability to buy delivered cryptocurrencies directly.
Fineco supports ACH and SEPA transfers as well as bank wires for depositing or withdrawing funds, while TMGM offers a greater variety of options including PayPal, Skrill, Visa, Mastercard, and bank wires, but does not support ACH or SEPA transfers.
Please note:
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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0 of 5| Overall Rating | Fineco | TMGM | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | Fineco Review | TMGM Review |
| Broker Screenshots | Fineco | TMGM | |
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| Regulation | Fineco | TMGM | |
|---|---|---|---|
| Trust Score | 94 | 83 | |
| Year Founded | 1999 | 2013 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Fineco | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Fineco | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 12000 | |
| Forex Pairs (Total) | 54 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Fineco | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | TMGM | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | TMGM | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Fineco | TMGM | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Fineco Review | TMGM Review |
| Overall | Fineco | TMGM | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | Fineco Review | TMGM Review |
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