Written by ForexBrokers.com
In this head to head comparison of TMGM vs ATFX, 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.
TMGM, established in 2013, and ATFX, founded in 2017, are both online brokerage firms that are not publicly traded and do not operate as banks. When it comes to regulatory strength, ATFX holds a slight edge with four Tier-1 licenses compared to TMGM’s two. Both brokers are considered trusted, with TMGM earning a Trust Score of 83 and ATFX a slightly higher score of 85 according to ForexBrokers.com.
In addition to their Tier-1 licenses, ATFX is further bolstered by two Tier-2 licenses, reinforcing its status as a trusted platform. TMGM, meanwhile, doesn’t hold any Tier-2 licenses. For those prioritizing regulatory oversight, ATFX may present a more appealing option, although both brokers maintain a solid position in terms of trust and reliability within the online trading community.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Year Founded | 2013 | 2017 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of TMGM and ATFX, TMGM offers competitive rates, especially with its commission-based Edge account. This account provides low spreads and charges a small commission of $3.50 per side, or $7 per round trip. While average spread data for EUR/USD wasn't available, TMGM's transparent pricing structure makes it an attractive option. The Edge account also caters to Islamic finance customers by offering a Sharia-compliant, interest-free option. TMGM's commissions and fees are rated 4 stars out of 5, placing it at #36 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com.
In contrast, ATFX does not provide average spread data, which can hinder the ability to assess overall trading costs accurately. Without this crucial information, traders may find it challenging to compare ATFX's pricing with other brokers. As a result, ATFX earns a 3-star rating for its commissions and fees. ForexBrokers.com ranks ATFX at #59 out of 62 brokers in this category, indicating that there may be more cost-effective options available to traders.
Choosing between TMGM and ATFX will largely depend on the type of account a trader prefers and their specific trading needs. Both brokers have their strengths, but TMGM stands out with its commission-based Edge account and the added benefit of Islamic finance compliance.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| 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 | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
For those exploring online trading options, comparing the investment offerings from TMGM and ATFX can provide clarity. Both brokers allow forex trading through CFDs or spot contracts, making them appealing to forex traders. However, TMGM offers a more extensive selection with 12,000 tradeable symbols, including 62 forex pairs, compared to ATFX's 150 symbols and 44 forex pairs. Neither broker provides exchange-traded securities on U.S. or international exchanges, so direct stock purchases like Apple or Vodafone are not an option. Instead, they both offer the opportunity to trade cryptocurrency derivatives, although neither supports buying actual cryptocurrencies.
In terms of additional features, both TMGM and ATFX support copy trading, making them suitable for those who wish to mirror the trades of experienced investors. TMGM's broad range of investment options has earned it a 4.5-star rating for range of investments, ranking it 17th out of 62 brokers as per ForexBrokers.com, while ATFX received a 3.5-star rating, placing it at 57th in the same category. This notable difference highlights TMGM as a more versatile choice for investors seeking variety in tradable assets.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 150 |
| Forex Pairs (Total) | 62 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | 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.
Both TMGM and ATFX offer excellent options for those looking to experiment with simulated trading, providing free virtual demo accounts to practice risk-free. Neither broker offers a proprietary platform, yet both support popular platforms like MetaTrader 4 and MetaTrader 5 across Windows and web-based systems. For those interested in copy trading, TMGM and ATFX both support this feature, letting users mimic successful strategies from other traders. However, neither broker has ventured into offering DupliTrade or ZuluTrade integrations. Users will find that both platforms provide a substantial set of up to 15 drawing tools for detailed chart analysis. These tools are bolstered by the ability to trade directly from stock charts, making real-time trading seamless and efficient.
When comparing the intricacies like watch list customization, TMGM and ATFX stand shoulder to shoulder, offering seven customizable fields. Despite these similarities, user ratings indicate TMGM holds a slight advantage with a 4-star rating compared to ATFX’s 3.5 stars for trading platforms and tools. This reflects TMGM's better position in ForexBrokers.com's rankings, securing 48th place out of 62 brokers compared to ATFX's 61st place. Both platforms, however, provide a comprehensive suite of tools suitable for traders from all experience levels, ensuring a solid trading experience.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing the mobile trading apps of TMGM and ATFX, both brokers offer applications for iPhone and Android that support essential features like stock and forex price alerts, the ability to draw trendlines, and viewing charts across various time frames. However, neither app includes the convenience of syncing watchlists across different devices with your account. In terms of technical charting features, TMGM surpasses ATFX by offering 30 technical studies compared to ATFX’s 7, providing traders with more options for analysis.
When it comes to user ratings and industry rankings, TMGM's app achieves a slightly higher rating of 4 stars out of 5, while ATFX trails with a rating of 3.5 stars. According to ForexBrokers.com, TMGM's mobile app holds the 47th position out of 62 brokers in the Mobile Trading Apps category, whereas ATFX ranks at 62nd. Both apps allow users to create watchlists with real-time quotes, and they save drawings automatically, which adds a layer of convenience for traders on the go.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 7 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing TMGM and ATFX for market research, both platforms provide daily market commentary to keep their users informed. TMGM, however, pulls ahead by offering forex news updates from well-regarded sources like Bloomberg and Reuters, which is not available with ATFX. While ATFX provides tools from Autochartist for technical analysis, TMGM balances this by offering resources from Trading Central and sentiment-based trading tools, providing a comprehensive suite for traders seeking data-driven insights. Both platforms offer an economic calendar to help users stay updated on global economic news and events, ensuring that traders can plan around significant market shifts.
Although both brokers offer some level of research amenities, TMGM edges out a slightly higher rating with 3.5 stars compared to ATFX's 3 stars in research. TMGM is ranked 53 out of 62 brokers in the Research category by ForexBrokers.com, just ahead of ATFX, which ranks 54th. While both platforms have their strengths, TMGM’s broader access to high-tier news sources and sentiment analysis tools might make it a preferred choice for those prioritizing extensive market research.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for forex or CFD beginners, ATFX takes a slight edge over TMGM. ATFX offers a collection of over ten educational pieces, including articles and videos, aimed at newcomers in the trading world. While neither broker provides live educational webinars each month, both do offer access to an archive of past recorded webinars, allowing users to learn at their own pace. Additionally, ATFX supplements its resources with more than ten beginner-focused educational videos, an area where TMGM falls short. Despite these offerings, ATFX lacks advanced educational videos targeted at seasoned traders, a category where TMGM also doesn't provide content.
Both TMGM and ATFX cater to users’ learning needs through comprehensive investor dictionaries with more than fifty investing terms, providing newcomers with essential knowledge. In terms of evaluations, TMGM managed to score a slightly higher education rating than ATFX with a 3.5-star rating compared to 3 stars for ATFX. However, ATFX is ranked significantly higher at number 28 out of 62 brokers in the Education category according to ForexBrokers.com, while TMGM is positioned at number 54.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that TMGM is better than ATFX. TMGM finished with an overall rank of #37, while ATFX finished with an overall rank of #51.
TMGM stands out for its impressive education toolset, though it still trails behind the best brokers in most categories. TMGM offers a small range of markets via the MetaTrader 4 (MT4) platform. While primarily a MetaTrader broker, it also offers the more exclusive IRESS platform – though the platform-specific requirements will limit who can use it.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 85 |
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Neither TMGM nor ATFX offer the ability to buy actual delivered cryptocurrency, but both provide opportunities to trade cryptocurrency derivatives.
Comparing online brokers TMGM and ATFX, both do not support ACH or SEPA transfers, while TMGM offers PayPal, Skrill, Visa, Mastercard, and bank wires for fund transactions, and ATFX provides Skrill, Visa, Mastercard, and bank wires, but lacks PayPal support.
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 | TMGM | ATFX | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | ATFX | |
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| Regulation | TMGM | ATFX | |
|---|---|---|---|
| Trust Score | 83 | 85 | |
| Year Founded | 2013 | 2017 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | TMGM | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 150 | |
| Forex Pairs (Total) | 62 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | 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 | TMGM | ATFX | |
|---|---|---|---|
| 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 | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | ATFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | TMGM | ATFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | ATFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | ATFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 7 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | TMGM | ATFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | ATFX | |
|---|---|---|---|
| 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 | TMGM Review |
| Overall | TMGM | ATFX | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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