IC Markets
TMGM
VS
Higher Rated
IC Markets
Capital at risk · T&Cs apply
In this detailed comparison of IC Markets and TMGM, we explore the key differences between these two Australian brokers to help traders make an informed decision. IC Markets, with its ultra-low spreads and fast execution, is ideal for high-frequency traders seeking access to a wide range of markets, including cryptocurrencies. Conversely, TMGM appeals to traders interested in a broader selection of stock CFDs and those who prefer a lower minimum deposit. Both brokers offer competitive spreads and leverage, but IC Markets' broader platform support and TMGM's regulatory backing by both ASIC and FCA cater to different trader needs.
IC Markets
TMGM
| IC Markets | TMGM | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.5/5 |
| Min. Deposit | $200 | $100 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, CySEC | ASIC, FCA |
| Platforms | MT4, MT5, TradingView | MT4, MT5 |
IC Markets is the better choice overall, scoring 3.9/5 vs 3.5/5 on BrokerRank's independent rating. On fees, IC Markets offers lower spreads (0 pips).
See full side-by-side comparison belowIC Markets
TMGM
WinnerIC Markets
TMGM
IC Markets
3.9/5
Choose IC Markets if you want…
TMGM
3.5/5
Choose TMGM if you want…
IC Markets scores higher overall on our independent rating system. IC Markets holds a 3.9/5 rating vs TMGM's 3.5/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
IC Markets offers spreads from 0 pips, while TMGM starts at 0 pips. Check the fees section above for a full breakdown.
IC Markets requires a minimum deposit of $200. TMGM requires $100.
IC Markets is regulated by ASIC, CySEC, while TMGM holds licences from ASIC, FCA.
IC Markets supports MT4, MT5, TradingView, Proprietary Mobile. TMGM supports MT4, MT5.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.